A Return To A Bitcoin Bull Market May Be Coming Soon
Thursday, June 21, 2018 IST
The price of bitcoin may soon recover back towards its 2017 peak based on several key catalysts that may help propel the cryptocurrency markets back up. While prices have definitely come down from its all-time highs, Bitcoin is now a much safer bet that back in December when Bitcoin was selling at nosebleed prices.
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It is clear that while Bitcoin is backed by a promising blockchain technology the price of Bitcoin itself may have gotten ahead of itself in the latter part of 2017. With the limited adoption and few actually use cases, Bitcoin arguably had risen far too fast too soon.
In order for Bitcoin to be considered as a valid currency or as a means of the store of value, we will have to grow at a steady organic pace. Sudden growth spurts and bubble cycles will only validate the point of view that Bitcoin is not suitable as a valid currency or even as a good store of value.
While sudden growth spurts can bring outsized gains to investors looking to beat traditional markets, it can also work inversely as seen in recent months with Bitcoin losing a significant amount of value from its all-time highs. Luckily for investors, Bitcoin has several important key catalysts that could end the current bear market.
Blockchain Technology Is Here To Stay For The Future
Blockchain technology does have inherent value as a new and promising technology that is likely to stay. Bitcoin and other cryptocurrencies know no borders, meaning money can easily be transferred from one wallet to the next without an intermediary such as a banking institution. Depending on which cryptocurrency is used, the fees to send the currency are generally much lower than the fees to send traditional bank wires from border to border.
The whole idea of a decentralized blockchain currency is a novel idea in my opinion and is likely to remain alive for years to come. Barring the volatile price movements of Bitcoin and other cryptocurrencies, blockchain technology in itself is a revolutionary concept.
Investors prefer to invest in stable assets that grow year after year based on increased profitability and revenues from traditional means of business such as Miner Edge. MET TOKENS are for Life and will give regular returns
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