Lately, we have seen too many memes for the term HOLD. People found it interesting, and thus they started using the term as a pun, but it has a vast meaning in the digital coin. In 2017, we saw Bitcoin adding too many cheers and chuckles on investors’ faces as they could see the price hike and then break the records. Thanks to the heady run-up, we see the Bitcoin price that helped many coin lovers go down the line. Later in 2018, we saw the gloomy picture. The price of digital coins went down, reducing by 50 percent compared to 2017. We see Bitcoin is now known for its wild fluctuations in terms of volatility and price; too many investors are now coming ahead in anxiety with less money. If BTC acts like stock, the price movement can add serious concerns. We will check the bear and bull case to help you understand holding the coin. Visit for more information on bitcoin trading.
Bear Case of BTC
There are many factors you need to check while working on the current price of BTC. For many starters, you can find a good steady stream of scandals and hacks coming from the ecosystem of digital coins. It has given the currency a good reputation and added the venue for many more criminal activities. One of the key examples, in this case, comes from a Japan-based exchange known as CoinCheck. The exchange helped hackers to make not less than 500 M USD of digital coins. As a result, the price for BTC came down along with other digital coins in the market. Introducing BTC Futures helped in reducing the volatility factor. Several financial experts and regulators worldwide seemed to add some pressure with the help of slamming Bitcoin in public domains.
We have seen the stance of many more governments feel wary regarding bringing down Bitcoin under the legal fold. We have seen many e-commerce platforms now joining Bitcoin bears at the later stage. They added some limitations as the coins fell in the market. We have also seen top groups like Google, Facebook, Twitter, and others blocking the ads and even payments. Also, the positive news regarding Bitcoin and other digital coins was seen with a negative approach. Like the transaction fees with Bitcoin, fees were seen coming up as a deterrent to mass adoption. However, we have seen a decline of the coins in a big way. Many more are seen lighting up the network and acting as a thing in the market.
Bull Case for BTC
The primary bull case for coins like BTC is based on attributes like patience. It also helps in adding the action to the earlier digital coins action that works like a proof of price and the bitcoin going on a higher side. Also, many more essential elements keep on adding to this theory. We have top analysts and researchers supporting the idea of holding Bitcoin. As per them, market timing plays a vital role in it, and it discourages even the idea of investment. If you find an investor missing the opportunity to put money every year, the yearly return on it will go down in a big way. In a nutshell, we see holding the coins comes out to be an opportunity to miss out on the best day in investment. However, with the same logic, investors will lose money for the following years if they calculate the return in the same way.
As per the recent actions by central banks and government banks, we see them taking some commanding position linked to digital coins in the coming future. They are talking about bringing new BTC ETFs that can help introduce liquidity in the coin ecosystem. There are several technical developments taking place within the network of Bitcoin, and it is now going with a brighter future. We can see too many nodes that accept the network and add too many platforms like Coinbase, also starting the technology game.
Wrapping up
We can see the bulls to be the views about the price of Bitcoin that can predict about it as per the earlier trends in the market. However, the bears are about the increase in negative emotions moving around the scams with the original digital coins that further make sense to the selling of BTC.