Should You Buy Gold Or Bitcoin?There is money to be made in forex trading, but it is not easy for a first time investor because of the risks involved and some undisclosed facts that I will disclose. However, this growing demand is not being met by the industry, which has yet to provide the institutional grade, traditional investment vehicles required to bring bitcoin to a new class of investor—who expect reliability, responsibility, and professionalism from their financial service providers and fund managers.
You will be surprised by knowing that there is also some cryptocurrency exist which has working no team or their price is totally manipulated by whales(traders or group of traders having a very large amount of money) and they exist just for fun and these have millions of market cap like Dogecoin.
So, if you look at a $100 billion market cap today, now last week it might have been more like 200, so it's actually a buying opportunity, we think that there's a potential appreciation of 30 to 40 times because you look at the gold market today, it's a $7 trillion market.
The final year of the decade has been a volatile one for cryptocurrency and blockchain, encompassing wild swings in the price of the original digital token Bitcoin and the first major step for big tech into the sector with the announcement of Facebook Inc 's ( NASDAQ:FB ) Libra cryptocurrency.
The adoption rates are continuing to be quite steady, and adoption rates heavily correlate to the price, so therefore, unless for some reason people just simply stop continuing to adopt Bitcoin, we should see $200,000 per Bitcoin by 1st January 2020 at the latest.
Another risk is knowledge in the market as success in trading "Contract for differences" depends on background, dedication, desire and motivation; an example of why it is central knowing the market and knowing how the price rate increase and decrease are the EURUSD and the USDCHF; the two currency pairs often move in reverse direction; if the EURUSD is increasing is the USDCHF often decreasing and if the EURUSD is decreasing is the USDCHF often increasing.
The second reason is, in my view, that BTC is indeed the lighthouse currency in an increasingly complex non-fiat ecosystem: Think security tokens and stablecoins hitting the markets, they will be pegged to their respective underlyings, so BTC as an independent,” liquid, popular and noncorrelated cryptocurrency will actually gain in appeal, also because of the stability of the blockchain behind” Bitcoin.
Before going further, it is important to say that the Bitcoin price will make a further fall in the short term as a key support line has recently been broken, and unless the price is held by a concentration of buyers further down the price curve, the price may touch close to $6,500 in the short term if the $7,000 support line is broken, make a rebound into the $7,500 and $8,000 price zone and then head back above $10,000 over the medium term.