A lot of people still automatically think of the 2018 Bitcoin (well, cryptocurrency) crash when the word Bitcoin is mentioned. The crash was a milestone in the long history of cryptocurrency, and it is a milestone that people will continue to remember for years to come.
Since that crash, however, the entire cryptocurrency landscape has changed. Bitcoin is more stable as a currency. The market is maturing, and we now have more investors returning to the cryptocurrency landscape than ever before.
So, is it really okay to invest in Bitcoin again? How safe is it to put your money in Bitcoin nowadays? That is what we are going to find out in this article.
A Maturing Market
Bitcoin reached its new high for 2019 not too long ago, surging to $5,600 from around $5,200 in less than 24 hours. We’re looking at an exciting time for Bitcoin, especially with more companies accepting this cryptocurrency as a payment method.
However, we must also point out that surges like this don’t happen often on the market; not anymore. There are jumps and plenty of opportunities to make money on the Bitcoin market, but the whole landscape is less volatile and more mature.
This is a great combo for investors. A mature market can be analyzed and understood. You can study the Bitcoin market and figure out its characteristics as a way to invest better in the market. You can even use technical indicators (and fundamental analysis) to help you.
The maturing market is attracting more investors too, so you know the market cap is growing. When there is growth, there are opportunities for investors like you.
More Tools in Your Arsenal
The growing market also comes with an added bonus: more instruments to use. As a Bitcoin investor, you have complete control over every part of your trading or investing experience. You can choose the exchange you like the most, find your news and information from mainstream sources, and completely tailor the way you approach the market based on the kind of investor you are.
You can, for example, find up to the minute prices from Coins.live. You can also register for an account and start managing your portfolio on the platform. Not only will you benefit from real-time prices of virtually every cryptocurrency on the market, you also have access to ICOs and other investment opportunities.
The same can be said for how you trade. You can use mobile apps to trade on the go, or have a deliberate two-screen setup for expanding your view of the market whenever you trade from home or the office. There is an endless array of tools for analysis, sources of news and market updates, and instruments that will help you be more successful when investing in Bitcoin.
The growing number of companies now accepting Bitcoin, and the changes happening on the market itself, are great, but they are nothing without improvement to the blockchain network supporting Bitcoin. Fortunately, there have been a lot of improvements indeed.
As more users turn to Bitcoin, there are more nodes in the blockchain network, which means the entire network grows bigger and more reliable. Transactions can now be processed in a timely manner without bottlenecks and disruption. This is important if you are an investor, since fast transactions are critical to the quick execution of investment decisions.
The combination of the factors we covered in this article are exactly why Bitcoin is now one of the hottest investment instruments on the market. Add the fact that both the stock market and the forex market are now being disrupted by economic decisions and external factors, and we can expect to see Bitcoin on the rise again soon.