Bitcoin is still more alive than many think

Bitcoin has not been in its prime for a long time. 2018 was a lousy year for cryptocurrencies overall, especially after hitting all-time highs in late 2017. While 2019 isn't exactly off to a particularly good start, either. Therefore, it can be seen how many investors, miners or companies leave the sector, now that profitability is minimal in it. But this is a positive thing.

Bitcoin is still more alive than many think

There are still many users and investors who believe in the cryptocurrency market. There is still a future, so he still has a lot of life left. More than most investors think.

Bitcoin continues to have potential

In fact, many of these people view the drop in Bitcoin's price as a logical correction from the market. Especially after the exodus of users who were alone in this market to obtain benefits, but who had no interest in this technology. Therefore, it is categorically denied that the cryptocurrency market is dying. On the contrary, there is still a lot of potential in it.

You can see a change in user behavior. In addition to a new type of investor, they are institutional investors. In 2017, when prices were at their highs, inexperienced investors bought Bitcoin or other cryptocurrencies. Now that prices have come down, that's when serious investors enter the market. It is now when institutions show interest in the cryptocurrency market, in addition to giving some exclusive services for this market.

An important aspect is that experienced investors always think about the long term. So they know that things can change, in addition to seeing the potential. In addition, Bitcoin prices in 2019, however low, are still much higher than the lows they reached about five years ago.

Bitcoin and the future

The future of cryptocurrencies is open to many possibilities. So investors must have positive feelings about this. Especially since technology, development, adoption or possible uses in real life is something that interests these investors much more, in addition to being the center where the potential of cryptocurrencies lies.

In addition, many important things are happening in this market today. New standards are introduced to Bitcoin software, in addition to solutions like Lightning. The key in this market would have to be the way in which the market or financial system can be democratized. The world is moving in a direction that makes it difficult for banks to ask for excessive fees for their services. And paying fines is no longer the way to escape criminal action.

That is why, despite the drop in prices, the Bitcoin market continues to grow. There are more investors and units in circulation than a year ago. In addition, new types of investors are being added. Technology is also advancing at a good pace, which allows for many changes to be made to help it improve and grow.

So those who thought the Bitcoin market was dead are wrong. There is still potential to develop and exploit. So this 2019 may be able to see the progress in this market. We certainly look forward to seeing what changes there will be this year.

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