The Bitcoin Trading Graph: What’s the State of Crypto Halfway into 2019?
Bitcoin and Cryptocurrency are the buzzwords of this decade. And if you’re not investing yet…you might want to? We aren’t here to give straight up investing advice.
If we did, we could be liable (and we don’t want that) but if you do want to invest in Bitcoin, make sure you check Bitcoin trading graph statuses often.
Want to know what the status is, as of right now? Read below.
A Bubble, Burst
May 31st was a day of panic in Bitcoin land. It had a 19 billion dollar market drop, which is pretty impressive. Yet, that doesn’t mean the Bitcoin market is dead.
Though that’s a big number, it’s just an 11% drop. High? Yes. Unheard of? No.
If anything, the May 31st crisis is just an entrance for those wanting to invest to get in on the deal. That’s the market rule, get in while things are low and sell when they’re high.
Immediately after the drop, Bitcoin regained most of its value, only losing $1000 in price overall. We see it starting to rise again, at the time of this article.
The Bitcoin trading graph has always had its ups and downs, here’s how we know it’s going to rise again (below).
How Is Bitcoin Growing with the Times?
Back when Bitcoin first came out, we thought it was a way around banks and the fees associated with them. However, the US and global governments shut that down, quickly branding them as property – and therefore controllable (and taxable) by the government.
Now, in 2019, we’re seeing big companies invest in Bitcoin, or at least start to. Major corporations like Fidelity and Etrade are getting into the market.
We’re also seeing a bigger interest from the public after it went down when the government declared it property.
We’re even seeing CEO’s and other big names in the Crypto industry becoming more optimistic about the BTC trends.
Cameron Winklevoss, in a tweet on the 30th of May, said: “The Bitcoin rocketship is fueling up, make sure to book your seat!”. In the rest of the tweet, he was saying how we underestimate the technology of bitcoin, even though we talk about going to mars often.
Or send people to space for millions of dollars, if you’re Elon Musk.
In the overnight panic of May 30/31st, Eric Voorhees, of Shapeshift tweeted that bubbles in the market are common. But, he said that Bitcoin is different, in that it rebounded from a burst and re-hit an all-time high.
The tweet read “Tulips never re-emerged to hit new ATH’s. Bitcoin does it every couple of years. Anyone equating the two needs to explain this discrepancy.” (5/30/2019).
If you want to get on this bubble/rocket ship, learn how to buy Bitcoin online.
How to Invest in Bitcoin
If you want to invest in Bitcoin, you’ll need to decide how much money to put in. As a rule, you should never invest more than 10% of your money in one thing.
Then you’ll need to find a Bitcoin wallet site that you like. It’ll hold your Bitcoin safely and show you an up-to-date Bitcoin trading graph.
Remember that investing in anything is a risk, so treat it like you would any other investment.