Re: What can people expect from BTC in 2019? What influences prices?
As for the price,what matters will influence the price in 2019?
BTC Forks? Lightning network? Miners? Whales? Investors?
Ideas are welcomed and experts are embraced.
BTC Forks? Lightning network? Miners? Whales? Investors?
Ideas are welcomed and experts are embraced.
Good luck finding any "experts" on this subject.
My opinion is that, assuming Bitcoin's fundamentals remain strong, the primary factor is time. It's a matter of time until the long term bull market resumes.
The 2015-2017 era was an "accumulation and markup" period. The 2018-??? era is a "distribution and markdown" period. It's not so much about fundamental factors because the bubble and correction periods are dictated by speculation, not fundamentals. It's about the time it takes for speculators to have sold and exited the market. Eventually in any bear market, sellers become exhausted; everyone who plans to sell has already done so. That's what we're looking for, and it's not a matter of price or fundamentals. It's a matter of time.
It's not as simple as you make it seem, fundamentals are very important. Dec 2017 and peak numbers of trxs was a huge test of bitcoin scaling and it failed miserably. Trxs took days unless you paid like $25+ per trx, and even they they took hours. This is the main reason the price blew up imo, because this clearly showed the bitcoin network is not ready for prime time.
Wtf try again unless things have fundamentally changed regarding scaling? I honestly can't imagine another runnup without better fundamentals.