Bitcoin and the vast majority of the virtual currency market are yet again surrounded by bullish feeling and excitement as the leading digital currency by market cap dusts off and picks up after an 85 percent drop over the past two years.
The recent rise in the price of Bitcoin in 2019 to reach over $10,000 is a sign that a bubble is underway. According to various data monitored on CoinMarketCap within July 2019, it shows a lot of promise for a surge once again.
The rise which shows its increasing dominance indicates that more money by investors is thrown into the digital currency. They seek various ways of investing in the asset, including trading it on platforms such as the Bitcoin Loophole.
Conditions of the digital currency remain unstable though, as the price continually hovers around $10,000 and less. A massive run is expected to start showing up with experts seeing an all-time high of the cryptocurrency in 2019.
It is anticipated that this year, Bitcoin is going towards the $15,000 mark and a probably chance for an all-time rise above that.
Are you a skeptic or a believer in the possibilities of the next bubble showing up very soon?
As for the skeptical visions, some individuals believe the 2017 bubble was so large that the next one is not going to occur, or we are going to wait a long time for the next to come.
Kevin Dennean, an analyst at UBS, thinks that only in 20 years will Bitcoin return to the 2017 price summit! His prediction is based on other conventional markets’ analyzing bubbles.
The cryptocurrency industry has amazed the analysts several times, and the bubble on BTC is likely to occur earlier than in two centuries.
The Coming Trends And The Optimist
With a slow upward trend, all prior bubbles started this way. Strong rises emerged after halving (hard fork) which happens every four years. Miners are currently awarded a block prize in the form of 12.5 BTC.
On May 25, 2020, the cryptocurrency world is awaiting another halving, after which the block award will drop to 6.25 BTC.
This implies that the market will sell half of the other cryptocurrencies. This will boost the price increase rate and is likely to begin creating a fresh Bitcoin bubble.
The process shows increasingly long gaps between bubbles and a percentage increase that is increasingly lower.
Many variables show the start of an upward trend. How enormous and powerful the market is right now. One could only imagine the magnitude of the next bubble.
The cryptocurrency industry has evolved considerably for 2 years, amid the downward trend, waiting and observing the evolution of events to lead to the next bubble! How well you prepare determines how much you’ll profit.
Bitcoin’s price has increased significantly in the past few weeks of July 2019. What could be responsible? The investments are made owing to FOMO (Fear of Missing Out).
The resurgence of speculative hope may have led crypto experts to reflect on the last crypto Bull Run that has taken Bitcoin to its all-time high of $20,000, and thinks what led to that since then could lead to an even bigger bull run around this time.
MAJOR FACTORS AFFECTING THE BULL RUN
The large bulk of the public had not known or learned about the digital currency created by Satoshi Nakamoto when Bitcoin burst into the public eye in 2017.
The curiosity of the public being fueled as Bitcoin almost doubled in a couple of weeks from $10,000 to $20,000 made them engage in a panic buy. The result is FOMO purchasing at the peak of the bubble run.
A bear market canceled out all the good feelings around the crypto arena with many calling for the funeral of Bitcoin as it dropped in value lower and lower.
But Bitcoin has turned it all over and gone sky high again in the last weeks, rocketing from $4,500 to the present rates above $9,000 in a couple of months to July 2019.
The rise has once again led the market to speculate and dream about what the next bull market will bring with it.
Because of the FOMO of the public, analysts now understand that $20,000 BTC is feasible, which could trigger them to flock to the digital currency asset in fear of missing out on another huge run.
Another reason is that investors, including organizations, have a broad range of alternatives available to gain exposure to the crypto markets.
A Good Alternative of Choice
While the digital currency has yet to be present in a significant global economy, it is intended to be a type similar to gold during downturns. Bitcoin is becoming increasingly attractive as major financial markets crash in the wake of increasing trade conflicts between the US and China.
During the financial turmoil, making Bitcoin even more precious is its value as a digital asset. It’s an ideal choice for investment diversification because Bitcoin, as well as other cryptos, don’t follow other markets.
With many people turning in the direction of the digital currency, expect to see a surge in price and probably the expected run.
Big Institutions Impact
Large retailers including Amazon, Starbucks, Whole Foods, Crate & Barrel, and Barnes & Noble should now be accepting crypto payments.
Adoption by some of the world’s largest retail outlets could also help create additional buzz and encourage cryptocurrencies’ use and help bring valuable exposure to consumers.
Tech companies like Samsung have begun to feature crypto-specific features on their smartphones, and technology entrepreneurs such as Elon Musk and Jack Dorsey support cryptocurrencies, adding a much-needed approval stamp to the technology.
With hundreds of thousands of Samsung phones well in the public’s hands, crypto is seen prominently regularly in the general public’s daily lives.
Getting It Right When The Bull Starts
Getting prepared for the next Bitcoin bubble is all about how to invest wisely to take advantage of the expected price increase.
Many crypto investors at the peak of the last bull market saw their portfolios achieve values they never thought of, but greed and fear of losing out led many to miss their chance to make earnings and were compelled to hold their Bitcoin for much longer.
It is worth noting that, until the cash is in your hands, you can’t talk of profit. You must cash out into fiat currency when the profit margin is favorable.
If BTC isn’t bubbling again, you should just hold. If it tries to correct hard but doesn’t crash meaning dropping by more than half, you can buy a little more. You purchase more if it falls.
When are you going to sell and profit? When Bitcoin gets a daily rise and that might not be for a long time, go ahead and make some profit with a cool sale.
Your preparation for the next Bull Run starts from today. Your investment strategy will determine how well you’re going to make the most out of the next Bitcoin bubble.
Get more insights on Bitcoin investment strategies to be fully prepared. Preparing for the next Bitcoin bubble should not be a difficult one for anyone who understands the market and how it works.
Learn about Bitcoin trading strategies for 2019 and be fully prepared as you await the upcoming Bitcoin bubble.
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