Bittrex Global
Bitcoin is still moving in an upward trend but the $12,000 price point is still had a resistance which is why for the short term perspective we can be plateauing in a few days until finally we can breakthrough and get to try to achieve another leg to the $12,500.
It is quite a rather slow move but for sure the value of bitcoin will just continue to grow because of the factor of ever dwindling supply and demand as many new people plus businesses are learning and going into the crypto realm everyday and getting for themselves some bitcoin for many purposes other than investing then BTC will inevitably fulfill its destiny if not a currency is perfect store of wealth value.
Cryptocurrency such as Bitcoin is a wealth that is easy to acquire and store. You no longer have to contend with middlemen, get a license, or give someone a cut for your trades and such other than the fees that you have to pay plus there is no devaluing like we can see happening to FIAT money where inflation is just inevitable to happen.
But for Bitcoin although it seems to be a slow move upward but you cannot see it happen to anything else to this magnitude because BTC is just more than ten years old since its inception and now it is near the $12,000 per digital piece of it . In fact with just a few years its value will soar above everyone else's expectations even though the price is predicted to target those out of this world prices.
So it is just never too late to buy BTC, it is still relatively cheap and even if you buy from the top all you have to do is to wait for sometime for it to smash that price again for you to get some profit because of the above stated reasons. Right now the Altcoins are making a bull run for themselves and it is not surprising because the profits coming from Bitcoin trading would also pour down to alts in an effort to make some profit unto it and the cycle goes on and is fueled all because of Bitcoins upward trend with its own price or value.
Disclaimer:
All the statements here are from the author and not to be taken necessarily as facts. Please do your own research due diligence before venturing int oa high risk and high volatility financial instrument such as cryptocurrencies.