2018 was a terrible year for Bitcoin and cryptocurrencies as most of the coins fell by 80%. But with the start of 2019, the feelings around the analyst and the investor community are showing a certain positivity, given that many investors believe that 2019 will be the year for Bitcoin and Cryptos.
The cryptocurrency boom to start, soon echoes investors
The start of 2019 and the 10th of Bitcointh the anniversary has led to moments that have filled a lot of positivity in the cryptocurrency space. While 2018 was a bad year for most investors, 2019 brings a new ray of hope as most of the road believes that cryptocurrencies are due to a boom. While cryptocurrencies have #BUIDL and have grown substantially in 2018; many in the crypto-sphere believe that it is time for prices to show confidence and translate the true #BUIDL into value for projects and for investors.
Some important personalities have already expressed their opinions to various media houses and it seems that this could be a year in which prices could surely see a significant appreciation.
Clem Chambers, an author of Cryptocurrencies Trading, was quoted as saying to the media spokesperson – Standard, where he claimed to have invested between $ 1,000 and $ 2,500 on most of his initial Bitcoins and sold them for $ 18,000. While he has been cheered by the previous bull run, he still feels another boom for cryptocurrency in the future. He cited,
"Bitcoins will multiply again in a year and blockchain / cryptocurrencies and other applications will define the next 25 years in the same way as the dotcom line has defined the last 25 years," he said. "Bitcoin is the tip of the spear and the tip of the iceberg.In both cases, you want to be at the right end and you do not want to have the wrong placement as it emerges."
Stephan Morrison, another crypto-enthusiast and an investor in cryptocurrencies, has also taken up the same positive feeling and believes that "they are here to stay".
He also said that according to Standard,
"With hindsight, I would have sold in January and bought back now, I would have more diligently researched coins and projects and I would have relied less on my emotions to make my decisions, but I would have definitely invested my money and my time in Bitcoin and blockchain and I believe in the blockchain. "Stephan also noted that there are projects that involve Bitcoin to" make many financial transactions, faster, more equitable and less expensive ".
He added that "Bitcoin and the blockchain have their flaws, but I'm here to stay, moving more and more into our media, our films and our stores, the biggest financial institutions are investing and more and more people from all walks of life. society are going on board ".
Contrary to this positivity, an independent cryptoanalyst Willy Woo publish a post on Twitter, which led to something cautious. According to him, "although the technical approach that suggests a bullish is possible, there is not much volume on the chain to fuel a prolonged move".
Although the technical approach that suggests a bullish is possible, there is not much volume on the chain to fuel a prolonged move. What we have seen in the last 7 weeks has been a spike in on-chain volume driven by volatility, from currencies moving to trade. pic.twitter.com/MVxlN8ttO1
– Willy Woo (@woonomic) 5 January 2019
The initial false volume peak signaled a faster detoxification and a front end to the bear market, but in reality it was a side effect of volatility. That move from $ 6k to $ 3k created an immense commercial volume, but it was in no way a sign that the accumulation volume had begun.
– Willy Woo (@woonomic) 5 January 2019
Well technically, things are definitely confusing on which side the prices of the currency would move but, fundamentally, things are improving for cryptocurrencies. With the world slowly coming to accept the new form of "Money", the long-term horizon for cryptocurrencies seems bright for now.
Will 2019 be the year of cryptocurrency investors to make money? Let us know your opinions on the same