No of users of cryptocurrency are growing ,more and more govts are recognizing the BTC ,several institutions have come forward to accept crypto, most of the traders have booked profit and almost sold their holdings are the indicators of the rise of prices of BTC in 2019. Do you agree?
People do have high hopes for bitcoin in 2019 but we can't really know for sure until the 2019 comes. If the price really goes up like people want it to than it is fine, that way people will get what they want from bitcoin. However, if it doesn't go up like we imagine and even goes low than people will start to panic and start thinking the end is near and everyone will keep on selling.
Buyers are not big enough to cover such a loss and we will see a doom like situation with it. Hence, 2019 hype is really a light thread for us, if it goes high that is amazing and if it goes low it is worse. If people didn't have any expectation at all than whatever happens would be fine but since they have expectations whichever direction it will go it will go with %100 boost under it taking it further than it suppose to.