Connect with us

Bitcoin

Should You Still Invest in Bitcoin in 2018?

Published

on

investment in bitcoin in 2018

Bitcoin in 2017

2017, quite remarkably, is being dubbed as the Year of Bitcoin. It hit the $1000 in the beginning of the year and accelerated right upto the $19,000 mark by mid-December, registering an almost 1800% increase in its price. Such a remarkable hit made it to the news headlines almost daily, and coaxed millions of people to look up Bitcoin and consider it as a potential investment for themselves. People have since wanted to know more and more about this digital currency, which resulted in Bitcoin securing the second position in the Google Trends list of the top trending topics for 2017.

Should you invest in Bitcoin in 2018?

More than ever in the history of investments, first time investors are looking at Bitcoins as a source of herculean returns. However, the limited number of Bitcoins available, and its constantly rising prices has brought up the question of whether Bitcoin is still a sound investment for the year of 2018. Before looking at the pros and cons of any form of investment it is vital to understand that the inherent property of any investment is instability – if not all then at least the most bankable ones do. And since Bitcoin is majorly a decentralized platform, it deters traditional investors from being highly excited about investing in it. They regard it as something with mercurial value, deficient of a formal structure, doomed to eventually fall out of the financial world in the coming years.

However, this is also one aspect that intrigues them. Bitcoin is unregulated and is not backed by any financial unit or singular government. Bitcoin users find this a very remarkable feature of this form of virtual currency since they are not levied any high transaction fees, additional fees, conversion rates etc. Not only this, the Blockchain technology on which Bitcoin is developed upon, provides for a public log of all the transactions ever processed, accessible to every user of the Bitcoin community. This open source nature of the Bitcoin platform provides unprecedented clarity in its functioning. The security and speediness of Bitcoin transactions has made it a growing popularity in several big countries.

Investing in Bitcoins in simple terms means buying them and then waiting for its value to appreciate with time in the hope of reaping massive returns. Thus said, people have been investing in it for majorly two purposes – first, to represent it as the future of money and thus do their part in supporting a the idea of a decentralized platform for financial savings and transactions and secondly, to make money.

HODL your Bitcoin

One would hold Bitcoins in their digital wallets in the only hope that one day in the subsequent years they could actually make real world purchases with it. That being said and considering the volatile nature of the Bitcoin’s value presently, one needs to question themselves the nature of their investment. Someone looking to reap benefits in the short term has loads of money making opportunities to explore by understanding the rapidly fluctuating value of Bitcoins, however anyone looking to use Bitcoins as a legal future of payment in the real world needs to decide whether or not the rapid volatile fluctuations would eventually subside and a more stable value of its price be determined.

Owing to the risky nature of a Bitcoin investment, it’s important for any investor to realize that investing more than they are willing to or able to lose would only push them towards depths of high risk situations. It is very important to do your own research about these investments and not blindly take the word of anyone. Understand the technicalities behind the process of not just buying Bitcoins but also those of Bitcoin mining. That being said, anyone looking into Bitcoin mining should understand how expensive the process is and that it is profitable only if done on a large scale. Bitcoin mining calls for a huge investment in the mining hardware in the very first place and requires you to have access to a lot of electricity. There are several cloud mining sites promising to do the work for you but more often than usual these are scams and it is much more wise and cost effective to buy your Bitcoins instead of spending them on mining hardware and/or paying cloud mining sites to do the job for you.

Yes or No?

If the answer to whether or not one should invest in Bitcoins was as simple and binary as a quick yes or no, everyone would be buying it or vice versa. This is in fact a complete process of doing your research, understanding the technology, educating yourself about it, and if one decides to finally make an investment, should always stay up to date with the current trends. Bitcoin is still a relatively new invention in the financial world, however a huge set of points do indicate in the direction of a new era. Like any other traditional investment, one should be in a position to lose everything, however, higher risks are always a steady companion of humongous returns.

#Bitcoin

Bitcoin Price Weekly Analysis: BTC/USD trying to rebound.

Published

on

Bitcoin price bombed by and by close to the $6,600-6,620 resistance. BTC/USD is rectifying lower and it could test the $6,275 and $6,188 supports.

Bitcoin Price Key Focuses

  • Bitcoin price bounced back and moved over the $6,400 level, yet it flopped close $6,600 against the US Dollar.
  • There was a break beneath a noteworthy bullish pattern line with support at $6,460 on the 4-hour chart of the BTC/USD combine (information feed from Kraken).
  • The match stays in a wide range somewhere in the range of $6,000 and $6,600, and it might keep on trading sideways.

Bitcoin price bombed by and by close to the $6,600-6,620 resistance against the US Dollar. BTC/USD is rectifying lower and it could test the $6,275 and $6,188 supports.

Bitcoin Price Range Exchanging

This previous week, there was a pleasant upward move from the $5,900 swing low in bitcoin price against the US Dollar. The BTC/USD combine exchanged over the $6,300 and $6,500 resistance levels. Be that as it may, bitcoin price flopped once more almost a noteworthy resistance at $6,600-6,620. The expressed resistance zone counteracted increases above $6,650 and the 100 basic moving normal (4-hours). Accordingly, bitcoin price declined and moved beneath the $6,500 level.

There was a break underneath the 23.6% Lie retracement level of the last leg from the $5,900 low to $6,653 high. Additionally, there was a break beneath a noteworthy bullish pattern line with support at $6,460 on the 4-hour chart of the BTC/USD match. It has opened the entryways for more misfortunes in the here and now beneath the $6,300 support level. The following essential support is the half Lie retracement level of the last leg from the $5,900 low to $6,653 high at $6,276. Beneath this, Bitcoin price is probably going to break the $6,250 level to test the $6,188-6,200 support zone.

BTCUSD Weekly Price Chart 19 August

BTCUSD Weekly Price Chart 19 August

Taking a gander at the chart, Bitcoin price is by all accounts exchanging a wide scope of $6,000-6,600. Hence, there are odds of the present wave reaching out towards $6,200 and $6,000 before purchasers show up.

Taking a gander at the specialized markers:

4-hours MACD – The MACD for BTC/USD has moved back in the bearish zone.

4-hours RSI (Relative Strength Index) – The RSI is currently beneath the 50 level.

Significant Support Level – $6,200

Significant Resistance Level – $6,600

Continue Reading

#Bitcoin

How to get a Bitcoin Debit card? Explained in three steps.

Published

on

Bitcoin Debit card has become very rampant, where users can use it in a similar way they used the traditional debit cards.

Deciphering a Bitcoin Debit card and how to procure one.

Intro

It is certainly not a surprise that the cryptocurrency space has revolutionized, the way the financial economy of the world functions. With Initial coin offerings, cryptocurrency tokens, decentralized applications, smart contracts, lightning networks, side chains, forking, etc are the most important and new cryptocurrency keywords which have been spawned by the development in the cryptocurrency space. Satoshi Nakamoto would never have thought that his simple initiative of an electronic cash system would grow into a billion dollar industry. Let us read about Bitcoin Debit Card and how to get one.

 

Bitcoin Debit card

Nevertheless, many cryptocurrency coins are available in the market and predominantly used for investment and not in the form of currency. Therefore, many initiatives have been undertaken, in order to democratize the usage of cryptocurrencies on a daily basis. One such initiative is the Bitcoin Debit card.  Bitcoin Debit cards have become very rampant, where users can use it in a similar way they used the traditional debit cards. The main goal is to completely radicalize the usage of such Bitcoin Debit cards in order to form a hassle-free form of financial ecosystem. Therefore in order to contribute to the community’s development, let us understand how to get Bitcoin Debit card.

 

Ordering a Bitcoin Debit card has never been that simpler. It is as simple as filling an application form and submitting it to the respective authority, very similar to any other traditional Bank.


Step 1 to buy Bitcoin Debit card

Firstly, all the users need to find a suitable Bitcoin Debit card providers they are usually nothing no one but the traditional Paytm payment gateway service providers which you have initiated to sell Bitcoin Debit cards in order to leverage their business there are many of them available in the market but the most reliable and popular one is the Coinbase’s Swift Bitcoin Debit card. One can avail it in a seamless fashion.

Step 2 of buying Bitcoin Debit cards

The user after selecting the appropriate Bitcoin Debit card provider needs to fill the application form with contains some basic details of the users like complete name, phone number, address, date of birth, and most importantly the Social Security Number.  We must properly provide all the authentic details in order to avoid any further discrepancies in data, which indirectly might lead to the rejection of the Bitcoin Debit card application. One of the main requirement of the Social Security Number is that the banks can easily verify the Know Your Customer regulations in a simplified manner.

 

The third step to buy Bitcoin Debit cards is to make the payment.

The users then need to make the basic pay in order to avail their Bitcoin Debit card. It is worth mentioning at this point, that this payment does not reflect in the Bitcoin Debit card that one receives. The user’s need to exclusively add funds to their Bitcoin Debit card by a number of other methods with which would be discussed, in maybe some other article. Once the payment is done the process is complete and the users receive their Bitcoin Debit card.

Further attributes of Bitcoin Debit cards

The usage and development of Bitcoin Debit card have become very popular since 2015.  It has opened up the cryptocurrency community for new ways to use Bitcoin, in its real format. Although the high volatility and price fluctuations, is resisting the merchants to accept Bitcoin, the crypto space will undoubtedly get mature enough to be used by the merchant stores in a very common manner. However radical steps have been taken in this regard, where any merchant store which accepts VISA credit or debit cards, would automatically be upgraded to accept the Bitcoin Debit cards as they are indirectly powered through VISA itself.

Future

As the cryptocurrency market gains, maturity Bitcoin Would still be in the topmost position, as Bitcoin Debit cards would monopolize Bitcoin over the market. However, with respect to the scalability issues of the Bitcoin blockchain network, the Bitcoin Debit cards might prove to be a bottleneck causing congestion due to more inflow of transactional traffic towards the network.

Continue Reading

#Bitcoin Price Analysis

When will Bitcoin Rise in 2018?

Published

on

Bitcoin price at the end of 2017 has led to the industry experts to predict that a similar kind of bullish trend aka bitcoin rise in 2018 again.

 

Understanding conditions which would lead to Bitcoin rise in 2018.

Introduction

Assuming that you are very new to the cryptocurrencies. Let me explain the very basics of the cryptocurrencies, blockchain technology, along with Bitcoin. The cryptocurrencies are nothing but a digital form of currencies which are secured through the Cryptographic principles. The Blockchain technology fuels the cryptocurrencies, as they are based on the Blockchain technology itself. Bitcoin was the very first cryptocurrency put forth before the citizens by an anonymous group of people, who termed themselves as Satoshi Nakamoto. He is also the most controversial figures in the crypto space. Developed in 2009, Bitcoin was not that famous until 2017. When the world experienced an explosion in the Bitcoin prices, it was then that the experts predicted it’s future acceptance.  

 

Bitcoin

Bitcoin is nothing but a peer-to-peer electronic cash system and there is no physical currency available. It can be used to pay for a product or service just like any other currency. Realise it, like using a bank credit card where we actually don’t physically use Money but the balances are simply updated on both the sending and the receiving end. Unlike the conventional fiat currencies, Bitcoin has a fixed market supply of around 21 million coins only, which are made available through a process of complex and Brute Force computations, known as Mining. Solving the Blocks means, adding a block into the network, which results in a reward, to the node undertaking the process, in the form of Bitcoins.

 

Is Bitcoin a Bubble?

The whole cryptocurrency space is considered to be a bubble or a Ponzi scheme by some of the most prominent investors of the current time. therefore, one must need to know why it is considered so. The price fluctuations in Bitcoin is one of the precise reasons for it to be labelled with such terms. The cryptocurrency market is solely driven by the market forces of demand and supply. It is worth mentioning that the cryptocurrencies are not backed by any form of financial asset. In other words, the value of Bitcoin is only due to its widespread acceptance and belief among its users. Hence we observe very high amounts of fluctuations in the Crypto space. However to gain better comparison, the in the traditional stock market there is absolutely no fluctuation of more than 5% in a single day, but in the cryptocurrency market, it is very common for a 10 to 20 % price fluctuations.

 

Will the Bitcoin rise in 2018 again?

In December 2017 Bitcoin had gained a lot of momentum and the cryptocurrency reached pinnacles when the price of the cryptocurrency was hovering around $20,000. This Bitcoin price at the end of 2017 has led to the industry experts and professionals to predict that a similar kind of bullish trend aka bitcoin rise in 2018 again that we would experience by the end of the year.

 

We would witness a Bitcoin rise in 2018 says the predicted who had predicted last year’s boom

Kay Van-Petersen is one of the well-known cryptocurrency market predictors. He had most precisely predicted the Bitcoin rise and falls throughout the year 2017 on a consistent basis. He further predicts a Bitcoin rise in 2018 as well. He clarifies that Bitcoin will touch the $50,000 and the $100,000 mark by the end of 2017. The optimism for Bitcoin rise in 2018 seems to be very similar to the Bitcoin rise of 2017.

 

Practical conditions which might support the Bitcoin rise in 2018

The initiation of Bitcoin futures by two of the most preeminent stock exchanges of Chicago Mercantile Exchange (CME) and the Chicago Board Options Exchange (CBOE), is being pointed to, by some of the industry professionals, as a strong reason for the Bitcoin rise in 2018. They would strongly support the Bitcoin rise in 2018, as they have opened up opportunities for the masses of people who were highly scared of the cryptocurrency’s unregulated state. As the proposal was given a green signal by the Commodity Futures and Trading Commission (CFTC), it is invariably completely regulated in nature. Hence the enthusiasts who had missed the crypto wave last year could join the bandwagon now to make huge amounts of profits in Bitcoin rise in 2018.

Continue Reading
Advertisement BitcoinAdvertising.com

Live Crypto Prices

  • BTC
  • USD
  • AUD
  • CAD
  • EUR
  • BTC
    Bitcoin(BTC) 6486.48546674
  • ETH
    Ethereum(ETH) 301.174799627
  • BCH
    Bitcoin Cash(BCH) 564.44652557
  • EOS
    EOS(EOS) 5.2443431479
  • LTC
    Litecoin(LTC) 57.6131595686
  • ADA
    Cardano(ADA) 0.1010061686
  • TRX
    TRON(TRX) 0.0221055732
  • DASH
    Dash(DASH) 154.061070871
  • XEM
    NEM(XEM) 0.1068193545

Trending