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MARTIN YOUNG | JANUARY 4, 2019 | 10:00 AM Price predictions for Bitcoin and cryptocurrencies can always be met with some degree of skepticism. A market correction was expected last year but very few predicted that Bitcoin would lose over 80% in 2018. Weiss Ratings has just released their predictions for the coming year and they are extremely bullish. New ATH For Bitcoin Starting out with the fact that 2017 was a great year for crypto investors and 2018 the complete opposite the forecast attempts to predict what is in store for 2019. The fundamentals for crypto in 2018 were extremely good despite the divergence in price action. Many countries opened their doors to crypto and regulatory frameworks to protect investors were rolled out across the globe. Weiss forecasts are based on their trend cycles model and their crypto coin ratings model which rates the assets in terms of risk, reward, technology and adoption. The first prediction is that Bitcoin will become digital gold because it costs nothing to store, can be easily transferred, is very secure and cannot be confiscated by any government or regime. BTC is therefore considered the top digital store of value. Looking back at previous bear markets in 2015 when Bitcoin lost a similar amount, Weiss predicts that BTC will recover stronger again despite so called experts repeatedly writing its obituary. In a big bear market most of the weak hands and newbie traders will have departed while the believers in the technology and long term investors will be accumulating more. As a result Bitcoin will rise up again to reach new all-time highs in 2019. Altcoins Die Out As New Ones Are Born Some of the altcoins are predicted to also rebound to make gains of 20 times but the report does not mention specific ones; “But among them, a select few with superior technology will get traction in the real world with increasing adoption. They will ultimately return to their all-time highs.” A new kind of internet has been predicted, built by a few cryptos such as EOS, Cardano and Holochain which are mentioned. How it concludes these .... weiter hier: https://www.newsbtc.com/2019/01/04/big-predictions-for-2019-… |
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| aus der Diskussion: | Bitcoin oder doch Shitcoin?! |
| Autor (Datum des Eintrages): | BTC123 (04.01.19 12:37:43) |
| Beitrag: | 8,561 von 46,827 (ID:59557475) |
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