This year is a special year for bitcoin, statistics show that in the second quarter of 2018 bitcoin prices ended with a discount of about 8% for the first time in history. All of the previous years have shown bitcoin growth in the second quarter. Do you think this is a bad sign of a long-term downturn of bitcoin or do you still believe in a strong rebound in bitcoin prices? at the end of the year.
Bitcoin will always recover no matter how its market price drops because people will still continue to invest due to its price that it keeps on growing depending on the supply and demand in the market.
That is right. And only a good investor can see and understand it. Irrespective of what the market conditions are, Bitcoin will always try to grow because of the unending demand for the crypto by those who are willing to accept todays risk for future profit. Such people are the risk lovers and their decisions are based on speculations. If the Ep that is the expected future price is more than the Cp, the decisions to invest are the best according to the prevailing market condition and vice versa.
That is very nicely explained. Real businessmen never degrade the market value just because of the fall in the price and this is what makes them different from the rest of the people. I am also very much optimistic about the recovery of Bitcoin and since July we have been observing good rise in the price charts of Bitcoin.
The appreciation in the price of Bitcoin has actually started catching investment because people think the future value will be much higher than the current cost of their investment and they might cash big. Hopefully the prediction about the December boom will come true.