Bitcoin is on everyone’s lips now, but it’s also experiencing a bit of a lull. The cryptocurrency has been rising steadily for months, but investors are tired of the hype and want something more interesting to invest in.
Bitcoin 2022 and Until Now
As we begin a new decade, cryptocurrencies are more popular than ever. It has drawn investors to soaring highs, and the media love a volatile market. Bitcoin has been around for ten years as of today. It’s an old concept now—but it remains one of the most successful cryptocurrencies on our planet because of its unique design and functionality.
Other digital currencies have emerged during this time. Still, it had less success than Bitcoin because it did not achieve a wide-scale adoption as it did during its early days when gaining any amount of currency was challenging.
However, some newer cryptocurrencies have seen more significant growth in recent years than before—and that’s likely because people are getting excited about them again!
BTC Price Action: A Historical View of Price Action
If your interest in Bitcoin and digital money has been growing, you should consider investing, and if you still need to figure out how to invest, continue reading this for help. There are two main investment options available for Bitcoin investors:
- Buy and hold.
- Day-trade.
Everyone has their reasons for investing, especially those who feel they need to join the trend.
One must consider investing in Bitcoin, as it has proven to be a trusted store of value, and Bitcoin is also considered a haven asset. The price of Bitcoin has fluctuated greatly over the past few years, which makes this a volatile investment but one with good long-term potential.
Will The Price Hit Bottom Or Bounce Back: Our Analytical View
It is essential to understand what Bitcoin is, how it works, and the history of cryptocurrency before we get into 2025-30.
Bitcoin is a cryptocurrency that was created as an alternative to fiat currencies, like the USD or EUR. Instead of using government-issued money, Bitcoin uses a peer-to-peer network where people can send money directly to each other without having to go through an intermediary.
Computers worldwide verify these transactions to be legitimate and secure, with no fees involved!
The first ever transaction occurred on January 3rd, 2009, when someone purchased two pizzas from Papa John’s with 10,000 BTC worth around $30.”
Bitcoin As A Savior In The Public Eye
Several factors pushed Bitcoin into the public eye and increased its value, such as growing interest from institutional investors, a surge of trading on online exchanges, and increasing use of crypto-based financial instruments like future contracts.
Institutional investors have been flocking to cryptocurrencies for several reasons, including their ability to offer higher returns than conventional investments and the fact that they don’t require any human intervention or oversight.
But perhaps most importantly, they understand how digital currencies work — which makes them more likely to invest in them than if you were selling your house or renting out an apartment building instead (both options require more than just sitting down at a desk with some paper).
This growing number of prominent institutional players has led many observers to predict that one day soon, we will see Bitcoin trade above $1 million per coin (a feat it has yet to accomplish).
These factors sent Bitcoin rocketing to $19,500 by mid-December 2017 before falling back down (to around $6,000) in early 2018 as institutional investors took their profits and moved on to other markets.
In December 2017, Bitcoin was trading at $19,500 and had risen to over $6,000 earlier in the year. However, it fell to around $6,000 by early 2018 as institutional investors took their profits and moved on to other markets.
The Perpetual Rise Of BTC
These factors sent Bitcoin rocketing to $19,500 by mid-December 2017 before falling back down (to around $6,000) in early 2018 as institutional investors took their profits and moved on to other markets.
Looking at these figures, you might assume that any significant rise in Bitcoin’s price would lead to another dramatic bubble and burst if things returned to normal. But this isn’t the case.
Bitcoin’s price has fallen in recent months – but it’s still up over 1,000 percent since last year. The currency is volatile and unpredictable; there’s no way of knowing what will happen next.
BTC Prediction: Price In The Long Shot
Bitcoin has been a darling of the press for years. Still, recently it’s fallen in favor — partly because it is relatively dull compared to newer cryptocurrencies and because its price has slumped compared to its 2017 peak.
Bitcoin has been around since 2009 and is the first cryptocurrency. It’s also the most popular cryptocurrency, with over $65 billion in market capitalization.
Bitcoin’s price was much higher in 2017 than today — when it peaked at nearly $20K per coin (at one point). Bitcoin has lost almost 90% of its value this year alone and currently sits at around half its peak value in 2017.
Since then, there have been several other cryptocurrencies created:
- Ethereum came first in 2015.
- Ripple followed with another currency called XRP.
- Litecoin came on top by being faster than Bitcoin and having lower transaction fees (the amount charged per transaction).
These newer coins have become more popular than their older counterparts because they offer better technologies, faster speeds, or both!
The future is uncertain. Bitcoin is not a safe investment and is not a currency or store of value. Bitcoin’s value fluctuated wildly over the past years (from less than $1 per coin in 2017 to above $20K by January 2020).
The bottom line: if you’re looking for short-term gains and don’t mind high-risk levels, then investing in cryptocurrency may be right up your alley—but we’d suggest taking things slow with an eye on long-term goals first!
The Bottom Line
It seems that Bitcoin has settled into a long-term price range and may not be worth your time or money. However, there are still plenty of reasons you should consider investing in digital currency — for instance, if you’re interested in diversifying your portfolio into something new or fun. If nothing else, the excitement around cryptos makes them an entertaining topic for conversation.
