Bitcoin Recovers $3,500 As Weiss Ratings Reveals This Is The Best Time To Invest

Bitcoin Recovers $3,500 As Weiss Ratings Reveals This Is The Best Time To Invest
фото показано с : nulltx.com

2018-12-13 03:08

Bitcoin has recovered its $3,500 support level after seeing slight losses to trade just above $3,400. In the past 24 hours, the currency has gained a modest 1.76 percent to trade at $3,500 on most major markets. On Bitfinex, the currency was trading at $3,538 at press time. Most of the other cryptos have seen green as well, with EOS leading the charge at 7.3 percent. The Ethereum competitor has regained the lead over Bitcoin Cash, jumping to the sixth position.

The current battered market provides the best opportunity to get into the market. This is according to leading ratings provider, Weiss Ratings in its latest research on the crypto market. According to the firm, investors underestimate the potential of the technology behind cryptos in the long term. The ratings also come just after Google revealed that Bitcoin was the most searched keyword in the ‘What is’ category in 2018.

The Market Is Still Unstable

Stability is something we took for granted in the three months before mid-November. However, since then, the industry has been earnestly waiting for the market to find some sort of stability. Looking at the current market, this may not happen this year.

In the past 24 hours, the crypto king has risen from just under $3,400 to reclaim the $3,500 level. This level doesn’t look stable yet and could crumble, especially given Bitcoin’s inability to maintain upward momentum past this level. The daily trading volume hasn’t been promising either. Since the week began, the volume is yet to hit $5 billion, down from $6.9 million registered on Friday.

The Best Time to Invest

It’s been one of the most popular debate topics: is it the best time to buy the dip? Many analysts have suggested that it might not yet be as the market could tank even further. One of them is Vinny Lingham, the founder and CEO of Civic. Langham believes the current risks don’t justify the expected gains.

However, a rating firm disagrees. According to Weiss Ratings, this is the best time to invest. The Jupiter, Florida-based firm stated:

The recent price decline in crypto has proved that people overestimate the potential for technology short term and underestimate it long term. We believe that the cryptoassets will revolutionize financial services — for those who play the long game

Analysts at Weiss recently looked at the anticipated triggers of a bull run in the crypto market. Led by elite DLT engineer Bruce Ng, the firm came up with the launching of Bakkt as the biggest trigger to an expected bull run next year.

Bakkt will launch in January and could bring in the elusive institutional investors. While these investors have been suspected to be doing business in over-the-counter markets, Bakkt would make the process transparent creating more faith in the market.

Bruce wrote:

In the long term, however, the outlook is much clearer: Projects like Bakkt could greatly enhance the liquidity, stability and overall size of crypto, helping to create a multitrillion-dollar global marketplace unlike any we’ve seen before.

Bitcoin Tops 2018 Google Search

‘What is Bitcoin?’ This is a question that has seemingly plagued many. According to Google, more people were curious about Bitcoin on the ‘What is’ section than any other term in 2018. In the ‘How to’ section, how to buy ripple was fourth, perhaps underlining the rising prominence of the world’s most valuable altcoin.

Overall, the world cup was the most searched term, predictably so. Hurricane Florence, Mac Miller, election results and Meghan Markle also made it into the list of the top ten.

 

 

The post Bitcoin Recovers $3,500 As Weiss Ratings Reveals This Is The Best Time To Invest appeared first on NullTX.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Safe Trade Coin (XSTC) на Currencies.ru

$ 9.68E-5 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $9.68E-5 - H: $9.68E-5
Капитализация $31.642k Rank 99999
Цена в час новости $ 0.0001055 (-8.25%)

500 time bitcoin invest most trade currency

500 time → Результатов: 126


Morgan Creek повторит пари Уоррена Баффета, поставив $1 млн на криптовалюты

В 2007 году глава Berkshire Hathaway и легендарный инвестор Уоррен Баффет поставил $1 млн на то, что фондовый индекс S&P 500 превзойдет динамику группы из пяти хедж-фондов на протяжении 10 лет. Теперь венчурная фирма Morgan Creek решила поставить такую же сумму на то, что криптовалюты превзойдут S&P 500 за аналогичный период. Attention crypto critics….time to […]

2018-12-7 21:37


Фото:

What Is Cryptocurrency? “Jeopardy!” Features Entire Category on Crypto

Is cryptocurrency becoming more mainstream? It could be if one of America’s most prominent game shows features an entire category devoted to it. The November 29, 2018, episode of “Jeopardy!” — which has been on the air since 1964 — offered five unique questions centered around cryptocurrencies and their technology to test out its contestants’ knowledge on the subject: The results reveal that they did indeed know their fair share.

2018-12-1 22:18


Фото:

Bitcoin Price Analysis: Wait and See Where Recent Signs of Strength Lead

This week realized a big gain as bitcoin enjoyed a 25% rally from its local bottom before topping out around $4,400. Support currently appears to be established in the mid-$3,000s as the market remains indecisive over its next move:Figure 1: BTC-USD, Daily Candles, Current Support LevelFigure 1 shows the relevance of the current support level as it represents a previous support level that was never properly retested during last year’s parabolic bull market.

2018-11-30 01:45


Фото:

Bitcoin Price To Hit $3,500 Before Making A Comeback To $5,000: Analyst

There is never a shortage of advice on investing in cryptocurrencies, and with the market crashing hard recently, many investors are seeking the advice more than ever. While some experts have indicated that it may be the most opportune time to get into crypto, others have warned that it could go down even further before […] The post Bitcoin Price To Hit $3,500 Before Making A Comeback To $5,000: Analyst appeared first on NullTX.

2018-11-22 00:37


Encrybit ICO

- ENCRYBIT THE RESEARCH BASED CRYPTOCURRENCY EXCHANGE Encrybit made history moments creating massive surveys in cryptocurrency market with 12k+ responses from traders among 167 countries. Encrybit exchange is thought of traders where we are merging their demands in reality developing the secured and featured enriched trading platform that does not want to compromise the emotions of traders.

2018-11-14 19:41


Фото:

Bitcoin Price Watch: Currency May Be Down, But It’s Still an Unstoppable Force

At press time, the father of cryptocurrency is back down in the $6,300 range. This is about $200 lower than where it has stood over the past couple of days. The currency made headlines after it rose back up to $6,500 following word that the Securities and Exchange Commission (SEC) was closing the public commentary […] The post Bitcoin Price Watch: Currency May Be Down, But It’s Still an Unstoppable Force appeared first on NullTX.

2018-11-10 00:16


Cryptocurrency Markets Find Stability as US Elects Multiple Pro-Crypto Politicians

The cryptocurrency markets have found stability following a period of large gains, with Bitcoin trading steadily in the $6,500 region and altcoins trading sideways. The stability comes after an important mid-term election cycle in the United States, in which multiple pro-crypto and pro-blockchain politicians were elected into public offices.

2018-11-8 21:30


Фото:

Bitcoin Price Watch: Currency Slightly Up, but Is Interest Subsiding?

At press time, the father of cryptocurrency is back up in the $6,400 range after falling to just over $6,300 during our previous price coverage. As mentioned before, the currency has seemingly found a comfortable spot between $6,300 and $6,500 and hasn’t moved from here for several weeks minus a few small jumps and falls […] The post Bitcoin Price Watch: Currency Slightly Up, but Is Interest Subsiding? appeared first on NullTX.

2018-10-24 20:21


You can now buy Elon Musk’s ‘Not A Flamethrower’ with Bitcoin

There’s something fitting about an Elon Musk business accepting Bitcoin, because, you know, they’re about as stable as each other. I’m here all week. That’s right, you can now buy the Boring Company’s Not A Flamethrower (from here on out, referred to as just a flamethrower) with not only Bitcoin, but a range of other cryptocurrencies.

2018-10-18 16:40