Bitcoin jumped sharply in value from less than one coin in 2010 to almost $ 20,000 at the end of 2017. Then, in 2018, it spent the fall in the free fall. So, what happened? Is this cryptocurrency dead? Can it survive throughout 2019 and make it out okay in 2020?
An explosion of Bitcoin’s value in 2017 has triggered more than 1,600 new crypto currencies-and thus begun and as it seemed unstoppable money-making machine. But despite all that expansion, Bitcoin did not lose 83% of its value in 2018.
Bitcoin Cash and Bitcoin Gold fell by 98%, Ether and Litecoin fell by 93%, and some like BitConnect lost 100% of their value last year and completely shut down. Is this the end of the crypts? Is there hope?
The biggest problem with Bitcoin and cryptocurrencies is in fact not based on material goods and assets. Bitcoin is called “digital gold”, but unlike gold, there is no real use for bitcoin, except for a bunch of those and zero that consumes as much electricity as the whole of Ireland.
And while you may think that they cryptocurrencies are not much better than a piece of paper – like all other world currencies – those other currencies support real countries – in other words, people, work and resources.
How much it will cost Bitcoins after 2019?
So, the cryptocurrency supported by the country may see a recovery in 2019 – and if you’re not completely ill from cryptography after last year; It may be a good idea to move the focus. You could still earn some real money.
Despite the shaken position of Bitcoins, experts continue to give optimistic forecasts. Financial experts and traders believe that by December there will be a massive change, and the price of Bitcoin will increase dramatically.
The growth of bitcoin and other crypto-values is one of the most spectacular phenomena in the financial markets of recent years. It will start to grow again. Why? Because this type of new currencies is just to valuable and convenient to just pass off that fast.