The reason for a stable growth of Bitcoin

From mining to hoarding 

It is believed that the Bitcoin price will become less volatile within the next several months. But there has to be a reason for this, right?

I have done some research on the subject, and here is what I suppose will happen to the industry.

Since each day mining becomes less and less profitable, due to the rising difficulty of mining, as well as a technological limit of hardware (the new hardware is obviously a flop) — people will stop investing in mining hardware, and will concentrate more on the coins themselves.

This will definitely result in a more stable growth of the Bitcoin price, and even the Chinese market will not be able to influence the price greatly, like it did in early January.

Also, we need to consider the fact that only about 2-3% of the coins are actually used to pay for goods and services, while others see Bitcoin as a long-term investment, and prefer to hoard them, until the price will go up.

So, to sum up — it is the right time to buy some Bitcoins, while they are still on the low of $450 per coin. This will give you an edge, when the price goes up. And of course, if you really would like to truly contribute to the Bitcoin economy — be sure to spend some coins, not only store them.

And naturally, I keep reminding everyone: please do not invest more money than you can afford to lose, as cryptocurrency are a high-risk, high-return type of deal.

Yours Truly,

Jeffrey Smith