Boom Boom Bitcoin!!! Will Bitcoin hit $50,000 this year? Is Bitcoin volatility here to stay?

 
Can Bitcoin hit $ 50,000 this year? While most of the cryptocurrencies are much below their earlier highs but there are newer and newer predictions coming up for cryptocurrencies. One such prediction is that Bitcoin can rise to as high as $ 50,000 in the calendar year 2018. 

 However, many of the investors are actually currently worried due to the high volatility in cryptocurrencies. According to him, however, long-term investors need not fear the volatility at all. Since they are here to stay for a longer period of time, they would have no problem at all in holding the cryptocurrencies for a longer period of time as well. A cryptocurrency portfolio manager by the name of Jeet Singh said that Bitcoin would reach as high as $ 50,000 this year. If indeed that happens, the current price of Bitcoin being around just $ 10,000, that would be a five fold increase once again.

Whether the portfolio manager is right or wrong, only time would be able to tell. The truth is that currently, many of the investors are worried about putting new money into Bitcoins. Only once they are sure that the volatility would end and the Bitcoin resumes its uptrend you can be sure that most of the investors would actually get ready to invest in this cryptocurrency.

 For now, however, most of the investors are keeping away from the cryptocurrency boom. Many of the investors are just holding their holdings patiently in order to find out whether the cryptocurrencies resume their uptrend or not. It is still too uncertain for most of the investors to take a call. On the other hand, institutions are increasing their presence in the cryptocurrencies pace as well which is sure to benefit the cryptocurrencies space and would add value and credibility to the cryptocurrencies in the future as well. This is one of the main reasons why it is not seeing further fall after creating a bottom few weeks back. Also, once the regulatory hurdles are sorted, you can be sure that the value of cryptocurrencies would again more.

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** Bitcoin Predictions: Many of the people are tired of the increasing volatility in Bitcoin as well as other cryptocurrencies. Some of the people think that this is just temporary as volumes grow, the volatility would decrease but some have a different view. According to some of the investors, Bitcoin volatility is actually a feature of the cryptocurrency rather than just a short-term problem. Also, according to them, it is this volatility which makes it increase many times in just a span of one year as well. Therefore, if the volatility reduces the returns would also be reduced.

 There are many stories where people have actually taken a 2nd mortgage on their home in order to invest Bitcoins at the peak. They are actually suffering from depression as well as other such problems due to the enormous losses in the cryptocurrency. The countries in which the number of investors is high like South Korea have several such stories in their media.

 On the other hand, there are also stories of investors who had invested in Bitcoin a few years back and now have made over 1000% returns in just a short period of time. Thus, the stories are on both sides of the coin. This is the reason why Bitcoin is actually a volatile asset which cannot just reduce the volatility.  

Thus, if you’re thinking of investing in cryptocurrencies, it is important for you to understand that the volatility is here to stay. You need to understand that if you’re investing at inflated valuations, you run the risk of suffering from losses in the shorter term. However, if you’re thinking of holding Bitcoin for a longer period of time, you would suffer no problems at all. 

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Share your views;

Will Bitcoin hit $50,000 this year?

 Is Bitcoin volatility here to stay?