Emerging future of the bitcoin industry: Cautious long term investors
November 24, 2017 (Investorideas.com Newswire) Due to the modernization of the global market people are fascinated with alternative source income. In the past only the large banks and institutions were able to trade the forex market. If you consider today's scenario then, you will be surprised to see that the number of retail traders in the online trading industry is increasing daily, at an exponential rate. The simple reason behind the rising number of traders lies within the decentralized structure of the forex market.
Rising popularity of bitcoins
Bitcoin is the new craze of the smart investors. Many people have changed their fortunes by trading Bitcoin over the internet. The price of bitcoin is rising exponentially and most of the leading analysts are expecting more bullish movement with some minor bearish correction. There is a number of reasons why people are more fascinated with the Bitcoin industry. The first reason is a low-cost transaction without any obligations to government rules. For this reason, large organizations and industries are tending towards Bitcoin payment processing systems to save a huge amount of their operating cost in the long run. Most importantly you can expect the price of Bitcoin to rise further in near future. Thus, instead of keeping the idle money, many smart investors are switching back to bitcoin funds.
Burst of bubble
Over the past years, the price of Bitcoin is rallying significantly higher in the global market. Some of the more conservative economists often blame Bitcoin transactions for the increase of criminal activity starting from drugs deal to the international threat. They are now considering the current rally of Bitcoin connects with the bubble theory of economists. Consider the event back in 2013. The smart hackers in the dark web were able steal £29 million worth of Bitcoin, causing a substantial fall in the price of Bitcoin. However some of the leading economists are considering this downfall as a natural coincidence causing the market to retrace in order to maintain its natural balance. Such an event has embedded fears into bit investors of Bitcoin industry as it might cause them to lose their lifelong saving. However, the majority of economists and private investors are expecting a strong and safe bullish rally at the Bitcoin price for another two or three years until the bubble meets its threshold limit.
There are many people and even large organizations involved in full-time Bitcoin mining profession. Compared to the initial mining firm setup cost they are doing exceedingly well due to its high net worth and value. The miners are now using the world smarted technology to solve different problems and verify Bitcoin transitions all over the world. For this, they are reward with Bitcoins which they cash out to earn their living. In fact, some firms are now making millions of dollars profit as an annualized return. Even accounting for the electricity consumed for running the high tech mining engines it's still one of the best investment sections.
Future of bitcoins
Bitcoin has now established its presence as the best alternative for virtual currency in the global industry. In fact, some people are considering a cashless society due to the trending nature of Bitcoins. The long-term savvy investors are not yet ready to invest their full wealth in this sections since its totally unregulated and the chances of fraudulent is very high due to no jurisdictions. Even some of the leading economic countries like China has already announced that they might shut down Bitcoin transitions due to saving their people from the sudden burst of the bubble. Most importantly we still don't have standard measures to evaluate the value of Bitcoin. If the price and use of Bitcoin rise at such an exponential rate, then governments and banks will soon run out of their currency business. So chances are very high that certain rules and caps will be imposed on their cryptocurrency market in near future. However, considering Bitcoin as a short-term investment section is still the best way to make some quick, safe cash.
Author / Contact: Dwayne Buzzell
An economist, Forex trader and Forex writer, I have a keen eye for spotting international trading trends, particularly since shadowing my mother's work over the past 20 years with one of the largest fashion groups.
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