Countdown: Seventy Two Days Remain until the Bitcoin HalvingMar 1, 2020, 5:55PM
Traders eagerly await the BTC halving to see whether it will have the same effect that the last halving had on the price of BTC.
Bitcoin is no doubt the best known and hugely spread cryptocurrency at the moment. It allows its users to do pretty much anything (but now everywhere though): purchase goods and services, use a virtual currency, and ensure that your transaction will be safely operated thanks to a special encryption system. This coin keeps growing each year and attracting more and more attention to it. That is one of the reasons why the price of Bitcoin is so volatile. Over the span of 2019, it managed to change from around $7,000 level in January to above and below $10,000 by the end of the year.
However, as a halving of Bitcoin is just around the corner, many are convinced that the price will soar again. The third ‘reward era’ will come right after it and people can’t wait for it to finally happen. This year, analysts believe that Bitcoin price will skyrocket like never before, meaning that it should exceed the rate of $19,783 that was reached back in December 2017.
That is why automated trading platforms, like Bitcoin Era can come in handy in the foreseeable future. As the standards of the living upgrade, so do the ways of doing business. These types of platforms allow users to purchase Bitcoin directly by just registering on the website without any specific complications. Usually, once the e-wallet is created on the platform, a user will receive a personalized alphanumeric string to be communicated in order to perform the credit.
The beauty of websites like the Bitcoin Era is that people can not only earn from the digital crypto-currency market, they can also invest in it. That is pretty much where the name of this particular website stems from - those kinds of platforms have initiated a beginning of a new era of trading Bitcoins replacing an archaic way of doing that.
Of course, there are also other ways to trade and exchange Bitcoin. For instance, the Libra method which appeared quite recently on the market keeps attracting new users. It is similar to Bitcoin Era and is already famous for the smartest one among other crypto-trading software. The software, like many others, claims to help its users to make money in crypto markets through the capitalization on the latest trends in digital trading markets.
Regarding the predictions of experts on the upcoming halving of the crypto, many of them keep claiming that the current bearish market will last three times longer than the one from 2014. Back then, the phase lasted for almost 13 months starting in December 2013 and ending in January 2015. Therefore, if the predictions are actually true, we might expect the overall bullish reversal somewhere in the first quarter of 2021.
Namely, Galaxy Digital, Mike Novogratz, strongly opines that Bitcoin can easily reach and even exceed the all-time high of $20,000 by May. At the same time, CEO of ADVFN, Europe’s leading stocks and shares website, Clem Chambers, agrees that Bitcoin halving is very likely to produce a “very clear bull market” for prices. Moreover, he added that as Bitcoin is currently growing in price, it is possible that the halving will support this trend.
Disclaimer: information contained herein is provided without considering your personal circumstances, therefore should not be construed as financial advice, investment recommendation or an offer of, or solicitation for, any transactions in cryptocurrencies.