It is not the first month that we have been seeing how Bitcoin and other cryptocurrencies are losing their strength. Even though that many analysts promised that the rates will be back up by the end of 2018. As a result, everyone made a mistake with the forecasts — experienced traders, digital asset market experts, and trusted financial leaders.
Co-founder of Fundstrat Global Investors and trusted financial analyst, Tom Lee predicted that at the end of 2018, Bitcoin would meet a mark of $25,000. Later, at the end of November, he lowered the mark down to $15,000. With all due respect to Tom now we can state the fact that this steep turn is unlikely to happen. In an interview for CNBC, Tom Lee commented on his unsuccessful predictions, saying that lowering the price of bitcoin lower than a psychological mark of 6,000 “was the cause of a new wave of pessimism.” In his opinion, the fair price of digital gold should be 2.5 times more, than the cost of mining it. And that it’s necessary to build on self-sufficiency “- the level at which the cost of mining Bitcoin corresponds to its trading rate. Back im the yewar of 2017 Roni Moas, Head of investment company Standpoint Research promised that by the end of 2018 the rate of Bitcoin will be at $ 50,000. Many other analysts of the cryptocurrency market also made their predictions, and all of them where looking good, and the Bitcoin price was supposed to go up.
So, what to do during a prolonged downtrend — buy, sell or just wait for better times? There are several options that are out there, one of the best ones for example, is to invest in promising Crypt-ON platform being developed as a solution to many problems of modern financial markets.
All you need is to purchase i-Point tokens.
The link for registration is: https://crypt-on.io/
