The media has made most people believe that bitcoin as a digital currency is about to collapse. Other financial experts who are against bitcoin have even gone further to bring what is known as bitcoin price prediction suggesting that there is no value in BCHAC Fork. But for the average investors, it is important not to be fooled by these price predictions. This is because the price predictions are based on bursting bubble of the digital currency. This is the time when its prices rose to over 8,000% in 2013 but plummeted to 85% in mid-January 2015. Plotting this on a chart will show a sharp decline which financial experts are using to suggest its downfall.
The truth is that critics of this software-based payment system have misinterpreted what the charts are actually saying. It is true there was a downtrend about the money, but what individuals are failing to understand is that now that the currency has passed its own bubble, it’s currently going towards its true value. With any new service or product on the market, it will begin from being a expensive product to your speculative investment. Its prices will soar inside a few years but when folks start cashing out to the product, the product will begin crashing and over a month, its prices will start to return. This is also the case with bitcoin investment.
After each bubble burst, prices constantly start to return towards a long-term trend, that’s the true value. This is just what happened throughout the housing bubble burst of 2005 in USA whereby the costs were 80 percent and by 2008, the prices came down to 40 percent. An individual ought to invest in bitcoin because it offers great value. As it is a digital money, bitcoin can transmit an investor’s money between two parties without even using their bank accounts and may also buy online products using the money.