The ongoing bear trend in the crypto market has led to a downward spiral in the prices of cryptocurrencies. In such a scenario, it is only natural to wonder if Bitcoin will be a good investment in 2019.While there are many cryptocurrencies that can surpass Bitcoin, yet one mustn’t forget that the world’s pioneering digital currency, Bitcoin, still has the largest share of market capitalization.
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The first step to get started trading bitcoin is choosing a reliable platform. When starting out with bitcoin trading, we recommend that you opt for a user-friendly, regulated broker such as eToro, especially for U.S. traders. eToro is a highly regulated broker with 6 million users worldwide. Their social trading platform allows beginners to learn from, and copy successful bitcoin traders as well as share trading tips and strategies.
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Another type of Bitcoin investors are the people who do loads of research, read all of the available predictions on how to make money with cryptocurrency and spend weeks analyzing data and statistics. These people tend to have a very specific time frame in mind – most of the time, they are looking to invest short-term and just need to know when to do it. Also, these investments tend to be smaller when compared to the long-term ones – after all, people invest having done a ton of research beforehand, but if their investment fails, they could just move on to the next time frame.
The short answer is that no one can really predict what will happen to the price of Bitcoin. However, some traders have identified certain patterns, methods, and rules that allow them to make a profit in the long run. No one exclusively makes profitable trades, but here’s the idea: At the end of the day, you should see a positive balance, even though you suffered some losses along the way.
According to a Cointelegraph report, 95% of bitcoin traders fail. This is largely because many of them thought that they can easily make money by trading bitcoin. However, this is not the case. In fact, the cryptocurrency market is deemed as one of the most difficult markets for beginners. The high volatility of the market also mostly doesn’t help newbie traders.
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