Many people play with the idea of investing in Bitcoin. They ask themselves questions like: “What does a Bitcoin cost? “Is a Bitcoin still worthwhile? In fact, there are many good reasons why you should invest in Bitcoin. Of course, there is a lot of information out there and not everything you can find has a hand and a foot.
The price recovers in 2019 from the adjustment in 2018
2018 was not a good year for all Bitcoin investors. For Bitcoin, as for practically all other crypto currencies, things went rapidly downhill, with annual losses of up to -85% remaining in the end. What caused a lot of sensation and anger in 2018 means a lot of good news for 2019, though. For one thing, last year’s losses led to a long overdue cleanup of the crypto market caused by the massive rises and hype in Q4 2017.
Many market participants, who had entered as pure speculators, left the market again (disappointed). Interested and long-term investors, on the other hand, have consolidated their investments and are still in the market. This usually also means that the phases of extreme volatility – price fluctuations of more than 10% per day – should at least largely be a thing of the past. In addition, the adjustment of the previous year Bitcoin 2019 also prepares the ground for solid price gains. There are many indications that Bitcoin is clearly undervalued with a value of around € 5500.
If you want to find out more about it, read the article at https://www.icharts.net/a-sudden-surge-in-bitcoin-and-not-just-in-conversation/ and https://comohacerpara.com/bitcoin-es-futuro-dinero-18687i.html.
Bitcoin trend clearly points upwards
Following on from the previous point, it seems undisputed that Bitcoin is currently still clearly undervalued. The Bitcoin Trend 2019, for example, has so far clearly shown an upward trend. At the beginning of the year Bitcoin stood at a value of 3746 USD according to Coinmarketcap, on 4th May it is listed at an impressive 5860 USD. In a year-on-year comparison, this results in a saturated price increase of 56%! This is a remarkable return that of course cannot be achieved so quickly with classic investor instruments. The market is clearly bullish for the Bitcoin price in 2019. The signs are good that the price will continue to rise in the coming weeks and months. Many of the other developments, which we will discuss below as further reasons for investing in Bitcoin, will also ensure this.
Many experts and analysts are increasingly optimistic
The list of experts who expect positive developments for Bitcoin 2019 bears many well-known names from the crypto world. Among them is Sonny Singh, Chief Commercial Officer of Bitpay. As a payment processor, his company is responsible for ensuring that more and more large and well-known companies accept Bitcoin as a payment method. He expects his company to continue to attract many new companies to Bitcoin in the coming months. The respected analyst Tom Lee, former strategist at JP Morgan and co-founder of Fundstrat, also sees a bullish (i.e. rising) Bitcoin share price in 2019.
Mike Novogratz, who will be known to many as the founder of Galaxy Digitial, a merchant bank for crypto and blockchain companies, even estimates that Bitcoin could again reach a five-figure value in 2019. Also very optimistic was Bobby Lee, CEO of BTCC – one of China’s crypto-ban knee-deep crypto exchanges. The tireless use of Winklevoss twins (perhaps known to them as Mark Zuckerberg’s competitors in the early days of Facebook) to register Bitcoin ETFs in the US also testifies to the potential and positive development they see for Bitcoin in the coming times. It should also be noted that the Winklevoss twins are likely to be one of the largest owners of Bitcoins.
Bitcoin’s market adoption is growing rapidly
Another important signal that connoisseurs and analysts pay attention to is the trading volume. The higher the daily trading volume, the bigger and more dynamic is the demand for Bitcoin. A quick glance at Coinmarketcap reveals that Bitcoin’s trading volume has developed very positively. While at the beginning of 2019 it was only around USD 5 billion per day, since mid-February it has risen rapidly to almost USD 10 billion in March.
Since April, further growth has taken place, with Bitcoin now trading between USD 15 and 18 billion a day. A high trading volume is of course also a positive sign for investors. This gives investors the certainty that they can sell or exchange their Bitcoin for other coins at any time.
Bitcoin ETFs are on the rise and will bring many new investors
An additional important step in Bitcoin’s ascent is the approval of exchange-traded funds (ETFs) that use Bitcoin as the underlying asset. These financial instruments also make it interesting for a new group of investors, such as institutional investors or family offices, to invest in Bitcoin. Bitcoin ETFs are traded on the open market, which means that their price can develop dynamically through supply and demand.
The advantage of investing in a Bitcoin ETF is that you do not have to take care of the secure storage of Bitcoins in wallets yourself, but that you can buy a regulated investment product on the market and sell it if you wish. (However, if you want to buy real Bitcoin, you can decide whether to buy real Bitcoin or buy a Bitcoin ETF.)
In Europe, Bitcoin ETFs are already a reality. In the USA, on the other hand, it will soon be the case – here the financial market authorities must first give their approval, although most analysts expect this to be a matter of weeks to a few months. The more countries allow Bitcoin ETFs, the stronger the demand for Bitcoin will increase. This of course also leads to a rise in the Bitcoin price.
Bitcoin’s protocol is constantly being further developed and will soon be able to scale
Of course, the Bitcoin 2019 price is not only strongly influenced by market factors. Because the Bitcoin crypto currency is based on the innovative blockchain technology, the technological factor must also be considered as an important aspect. So far, there have been two major challenges for the Bitcoin protocol. This is the rapid scalability of transactions per minute, because every transaction on the Bitcoin blockchain must be verified and confirmed by several nodes in the blockchain network. Until now, only very few transactions could be processed per minute, which resulted in long transaction times and often high transaction costs (the associated second challenge).
For this reason, developers have been searching intensively for possibilities to increase the scalability of the Bitcoin blockchain for more than a year. The Lightning Network will now make this possible. This makes it possible to process and verify many times more transactions per minute. Thus, transactions with Bitcoin will become much faster and cheaper in the future. This eliminates an important barrier to further growth and wider adoption of the Bitcoin blockchain and paves the way for Bitcoin to become the ultimate digital currency.
Shopping with Bitcoin Becomes Easier and Easier
The value of a crypto currency like Bitcoin also depends strongly on what it can be used for. The higher the number of possible uses, the greater the benefit of owning Bitcoin. The number of merchants and online shops that accept Bitcoin as a payment option increases from day to day. For example, this also includes Microsoft, where you can use Bitcoin to deposit money into your account to purchase games or apps from the Microsoft Play Store. At the same time, it is important that it becomes easier and more convenient to buy Bitcoin.
In Austria, for example, this can now be done at any post office. More and more Bitcoin machines also mean that it is becoming possible for more and more prospective customers to buy Bitcoin – including those who may have kept their fingers off it because of topics such as public keys, private keys and Bitcoin wallets. The easier it is to buy Bitcoin and the greater the number of merchants and points of purchase where you can pay with Bitcoin, the greater the benefit of Bitcoin – and consequently a positive price development is practically guaranteed.
Perfect for trading with Altcoins
Also for all those beginners and advanced players who are thinking about becoming a crypto trader, an investment in Bitcoin is the most sensible first step. Because Bitcoin is and remains something like the “gold standard” in the world of crypto currencies. Bitcoin is accepted practically everywhere in the crypto world. No matter which of the leading Exchanges like Binance, OkEX or Bitcoin exchanges like EToro you want to trade with crypto currencies with – a deposit in Bitcoin creates the necessary credit to be able to carry out your first trades.
In general, Bitcoin are also well suited to “temporarily store” the profits from successful trades on crypto exchanges. Of course, as a conservative investor you can also consider transferring the money into fiat currency. Then however the transfer times are longer and the transaction costs higher. Profits from successful crypto trades can therefore be converted back to Bitcoin on the same exchange. In this case, however, it is best to store them securely in a Bitcoin wallet (e.g. a hardware wallet).
As the extensive list of current developments and assessments shows, it is still worth investing in Bitcoin in 2019. Before you buy Bitcoin, however, you should be aware of a few things. This concerns your motivation – your personal WHY you want to invest in Bitcoin. Do you want to make a long-term investment because you believe in Bitcoin and crypto currencies? As a crypto trader, would you like to trade with Exchanges and gain your first experience with crypto currencies? Or do you want to buy Bitcoin to get exclusive services and offers that you can’t buy with any Fiat currency?
Another important aspect is your personal willingness to take risks. Every investment involves a certain amount of risk, including of course the investment in Bitcoin. Because crypto currencies are more volatile than other assets, you need to be patient. Cultivate your inner peace so that you are not made nervous by the sometimes strong exchange rate fluctuations. In any case, you should also familiarize yourself with how to keep Bitcoin safe. For this you need a suitable Bitcoin Wallet and we have described exactly how it works in detail in our article.