• Latest
Bitcoin’s Value Is Surging, Yet Technical Data Highlights Challenges Ahead

Bitcoin Price Remains Flat, But Reasons For Optimism Are Emerging

September 22, 2019
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Trading

Bitcoin Price Remains Flat, But Reasons For Optimism Are Emerging

coinnewsdaily by coinnewsdaily
September 22, 2019
in Trading
0
Bitcoin’s Value Is Surging, Yet Technical Data Highlights Challenges Ahead
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

price analysis 4/20: btc, eth, bnb, xrp, sol, ada, luna, avax, doge, dot

Price analysis 4/20: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT

April 21, 2022
naga review unveiling the platformac280c299s copytrading value proposition 1[1]

3 Facts Points Out BTC To Surge Extremely In A Week: How To Seize The Chance to Profit?

April 20, 2022

When Bitcoin broke USD $10,000 on June 24 analysts were quick to declare the Cryptocurrency Winter over. When it broke $14,000 days later, most were claiming that a new bull market had begun. Since that point, however, the Bitcoin price has slowly slid down. There is no single reason for this decline, as many factors affecting the entire crypto space are at play. Nevertheless, although some investors may be frustrated at Bitcoin’s failure to continue its upward movement, there are many reasons to be optimistic moving forward.

Regardless of what one may think of the current market conditions, by any objective measure crypto is having a very good year. Development is at an all-time high, and a number of platforms are making remarkable progress in terms of roadmap completion, institutional partnerships, and adoption. There is also much more awareness of blockchain assets by the public. For example, 89 percent of Americans are now familiar with Bitcoin, up from 70 percent a year ago. Also, eleven percent of Americans now own cryptocurrency, up from eight percent a year ago. 

It is easy to assume that these overall positive moves would be reflected by continued growth in market cap, but a deeper analysis indicates that this need not be the case. Regardless of the impressive maturation of blockchain technology, the use of Bitcoin, or other cryptos, for purchases remains quite low, as the vast majority of crypto owners are extremely reluctant to spend it. This fact needs to change for values to substantially increase.

Also, many potential crypto investors remain frustrated from the price declines that began in early 2018. Given that many experienced significant loss, It is reasonable to assume that they are reluctant to re-enter the market at this time. This reticence is especially true for institutional investors, who are eager to move crypto into their portfolios, but are obligated to exercise caution when taking risks with their client’s assets. 

Looking forward, one central fact that must be considered is that Bitcoin and altcoin values are linked. Whereas it is true that altcoin prices still tend to dip when Bitcoin advances, it is folly to assume that Bitcoin will significantly rise in value without altcoins doing the same. This fact was, of course, true during the 2017 bull run as it was earlier this year when Bitcoin started its recovery. Simply put, Bitcoin is far from the only promising cryptocurrency, and long-term it will not be the only one that reaches mainstream adoption. 

It is also true that the present slip in Bitcoin’s price follows a rather normal path for assets in traditional commodity markets. Simply put, rapid increases in value are frequently followed by corrections. Thus, Bitcoin, and the overall crypto market, is following a predictable pattern. How far market values will decline before the recovery begins again is, of course, unknown. 

Although many crypto advocates are eagerly hoping for the bull market to return, it is perhaps better to encourage the overall development of worthwhile blockchain platforms. Despite what appears to be market stagnation and decline, the situation is actually quite healthy. The Blockchain Revolution is well underway, and mass use is inevitable. Thus, valuations will inevitably rebound to reflect how platforms are embraced and adopted.

Tags: blockchain technologyCrypto TradingCryptocurrenciesDigital currenciesPayment systemsTrading
Share76Tweet48
Previous Post

The Specs Behind Bitcoin’s Lightning Pass Their First ‘Formal’ Security Test

Next Post

Bakkt Is Finally Launching Its Bitcoin Futures Today. Here’s What to Expect

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

price analysis 4/20: btc, eth, bnb, xrp, sol, ada, luna, avax, doge, dot
Alt Coin

Price analysis 4/20: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT

April 21, 2022
naga review unveiling the platformac280c299s copytrading value proposition 1[1]
Bitcoin

3 Facts Points Out BTC To Surge Extremely In A Week: How To Seize The Chance to Profit?

April 20, 2022
here's how ether options traders could prepare for the proof of stake migration
Ethereum

Here’s how Ether options traders could prepare for the proof-of-stake migration

April 20, 2022
Pro traders know it’s time to range trade when this classic pattern shows up
Ethereum

Pro traders know it’s time to range trade when this classic pattern shows up

April 17, 2022
ethereum derivatives data shows pro traders are bearish, but for how long?
Ethereum

Ethereum derivatives data shows pro traders are bearish, but for how long?

April 17, 2022
price analysis 4/11: btc, eth, bnb, sol, xrp, ada, luna, avax, dot, doge
Bitcoin

Price analysis 4/11: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

April 11, 2022
Load More
Next Post
Bakkt Is Finally Launching Its Bitcoin Futures Today. Here’s What to Expect

Bakkt Is Finally Launching Its Bitcoin Futures Today. Here's What to Expect

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$27,102.00-2.96%
  • ethereumEthereum(ETH)$1,718.80-2.76%
  • tetherTether(USDT)$1.00-0.06%
  • binancecoinBNB(BNB)$311.01-5.36%
  • rippleXRP(XRP)$0.4808647.50%
  • cardanoCardano(ADA)$0.347459-1.42%
  • dogecoinDogecoin(DOGE)$0.072847-1.31%
  • matic-networkPolygon(MATIC)$1.04-4.85%
  • solanaSolana(SOL)$19.77-4.59%
  • polkadotPolkadot(DOT)$5.86-2.73%
  • litecoinLitecoin(LTC)$87.91-4.81%
  • shiba-inuShiba Inu(SHIB)$0.000010-2.30%
  • tronTRON(TRX)$0.064080-0.24%
  • daiDai(DAI)$1.00-0.01%
  • chainlinkChainlink(LINK)$6.84-4.83%
  • cosmosCosmos Hub(ATOM)$10.80-3.68%
  • leo-tokenLEO Token(LEO)$3.38-3.00%
  • ethereum-classicEthereum Classic(ETC)$20.00-0.73%
  • moneroMonero(XMR)$150.43-6.17%
  • okbOKB(OKB)$42.200.75%
  • stellarStellar(XLM)$0.0923860.85%
  • bitcoin-cashBitcoin Cash(BCH)$121.04-2.64%
  • filecoinFilecoin(FIL)$5.33-5.02%
  • crypto-com-chainCronos(CRO)$0.067050-2.07%
  • vechainVeChain(VET)$0.021942-3.99%
  • algorandAlgorand(ALGO)$0.199276-4.51%
  • internet-computerInternet Computer(ICP)$4.72-4.83%
  • eosEOS(EOS)$1.09-3.78%
  • elrond-erd-2MultiversX(EGLD)$40.96-3.60%
  • aaveAave(AAVE)$69.40-4.17%
  • tezosTezos(XTZ)$1.08-6.44%
  • theta-tokenTheta Network(THETA)$0.97-4.15%
  • neoNEO(NEO)$12.57-2.45%
  • paxos-standardPax Dollar(USDP)$1.000.16%
  • havvenSynthetix Network(SNX)$2.32-5.46%
  • bitcoin-cash-svBitcoin SV(BSV)$35.35-2.98%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.59-3.89%
  • dashDash(DASH)$55.99-4.33%
  • makerMaker(MKR)$677.971.28%
  • huobi-tokenHuobi(HT)$3.60-1.84%
  • iotaIOTA(MIOTA)$0.199584-4.06%
  • zilliqaZilliqa(ZIL)$0.025991-4.18%
  • zcashZcash(ZEC)$36.180.03%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • basic-attention-tokenBasic Attention(BAT)$0.234802-3.26%
  • nemNEM(XEM)$0.037159-5.24%
  • qtumQtum(QTUM)$3.02-5.00%
  • kusamaKusama(KSM)$31.93-4.44%
  • compound-governance-tokenCompound(COMP)$40.98-2.59%
  • bitcoin-goldBitcoin Gold(BTG)$15.52-3.91%
  • yearn-financeyearn.finance(YFI)$8,082.79-3.64%
  • omisegoOMG Network(OMG)$1.840.80%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • golemGolem(GLM)$0.223421-5.90%
  • wavesWaves(WAVES)$2.03-5.31%
  • sushiSushi(SUSHI)$1.00-4.36%
  • ontologyOntology(ONT)$0.218512-5.36%
  • umaUMA(UMA)$2.187.40%
  • digibyteDigiByte(DGB)$0.009311-3.34%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%