Let me basically answer this question, Will Bitcoin Price Continue to Rise this Year?

Yes, I think so, there’re very stable indications that show bitcoin price will grow massively beyond the end of the year.

5 reasons Bitcoin Price Continue to Rise and may continue so

This article doesn’t intend to provide an investment advice, and we expressly disclaim any liability, including in respect of direct, indirect or consequential loss or damage.

• 1. Bitcoin gold standard is yet to be affected by the strength of other digital currencies

Bitcoin was the first cryptocurrency in the world and is therefore considered a digital gold standard. This in turn makes it the safest and most efficiant investment in the digital currency space, especially during world’s socio-economic challenges, tensions between USA and China, Iran and even Venezuela which has given cryptocurrencies a huge boost.

So while, Binanace coin, Binance coin was the first cryptocurrency to surpass its Jan 2018 ATH,  Ethereum too has been riding the wave in recent months, With JPMorgan Chase’s blockchain team  developing a privacy feature for ethereum-based blockchains,  it is still not as worth as much as Bitcoin. Furthermore, some exchanges will only take your bitcoins for ether; in contrast, you can buy bitcoins with your credit card and PayPal, among other payments methods, on most cryptocurrency exchanges on the internet.

Bitcoin’s gains this year have made even the mainstream financial media sit up and take note. However, it still sits languishing just outside the top five in our table. Which just goes to show what an incredible time it’s been for the crypto-market. Although this is just the start. According to some, we may be in for a 2-3 year bull market.

Also, bitcoin is by far the single most accepted cryptocurrency in the world, which makes it the reserve currency of the cryptocurrency space. It is like a U.S. dollar of this market, and when a new cryptocurrency is issued in the so called ICO (Initial Coin Offering) — which is the IPO (Initial Public Offering) for cryptocurrencies — you typically need bitcoins to buy in.

• 2. Economic Uncertainties Favorable to Cryptocurrencies

We live in the age of global uncertainty which works in Bitcoin’s favor.

For instance, Venezuela has relied on crypto to salvage their ailing economy which has been on free fall due to massive US sanctions,  we’ve seen also some Argentineans buying bitcoins to protect their savings against high inflation or the possibility that their government could confiscate savings accounts despite loans received from IMF

Something similar has happened during the 2012-2013 Cypriot financial crisis when bitcoin purchases in Cyprus rose due to fears that savings accounts would be confiscated or taxed and the possibilities of finding a way to circumvent sanctions by nations like India, Russia, Turkey, China and even Iraq for buying from Iran could play a huge factor too.

Explaining Bitcoin & It’s Internal Workings In Simple Terms

Both situations caused the surge in bitcoin’s price, and the same would continue to linger with the high BREXIT uncertainty, May’s resignation and a resounding Hard brexit, obviously, the British Pound will be down and this goes so well for bitcoin and others too

Now add terrorism to the mix and you get a vivid picture that more often than not plays to bitcoin’s favor — it, and perhaps the entire cryptocurrency market, will appreciate on pretty much any bad news. read this article on dark money

• 3. Bitcoin is a limited commodity

One of the Reasons Bitcoin Price Continue to Rise is that Bitcoin rewards miners with 12.5 bitcoins per block (approximately every ten minutes) until mid-2020. After that, miners will earn 6.25 bitcoins per block for 4 years until next halving, which will continue until 2110-40, when 21 million bitcoins will have been issued. As far as we know, there won’t be any other bitcoins issued afterwards, making Bitcoins more valuable with the day.

In comparison, many other cryptocurrencies like BCH, ETH, DASH even Tezos are improving on their reward mechanisms , While that could potentially make them more useful for other things, their wide availability also makes Bitcoin more valuable (since it will have a limited supply).

• 4. Major firms have started embracing Bitcoin

Bitcoin is not only for geeks, with many corporations today accepting Bitcoin payments. Some of them include Microsoft, Dell, Expedia, TigerDirect, Sacramento Kings, Newegg, Overstock.com, Time Inc, and many others. In addition, we have some of the world’s biggest banks looking to take advantage of Bitcoin and its underlying technology (blockchain).

In a 2013 report, Bank of America Merrill Lynch stated that it believes bitcoin can “become a major means of payment for e-commerce and may emerge as a serious competitor to traditional money-transfer providers.” Then in June 2014, the first bank that converts deposits in currencies instantly to bitcoin without any fees was opened in Boston.

This practice have been wide spread in recent

Blockchain, Mining, Platforms And Security

• 5. The Effect of Protagonists and Antagonists

Finally, we have end users like you and me who are afraid of missing out on the entire cryptocurrency ride. Collectively we help Bitcoin appreciate in value in the long run. In the short term, speculators are ruling the day causing cryptocurrencies to go up and down, on a daily basis. helping  Bitcoin Price Continue to Rise in bullish manner

Nevertheless, the fear of missing out is a strong driving force. The cryptocurrency market is still in its early days, and many folks are looking to get into it. Whether they want to make easy money, diversify their portfolio or just play in this new market — they help Bitcoin and other cryptocurrencies advance forward.

Conclusion – Bitcoin price will continue to rise

It is our firm belief that the best days are ahead of Bitcoin. It is just getting started and like any novelty — it will need some time before it gets widely accepted by vendors all around the world. Meanwhile, Bitcoin has a solid foundation and has thus far managed to keep up with speculators. Its price went up and down, but in the long run we expect it to keep growing.

You should, however, know that buying bitcoins is a two edge sword investment, and as any investment — it comes with a risk. Whether you’re up to buy in is totally up to you.