Many people are tech enthusiasts and want to earn a massive amount of money in a short duration of time. Cryptocurrency is the best place for such type of investors since from last few months many people started investing in various kinds of cryptocurrencies, but everyone’s favorite one is Bitcoin. After getting a substantial hit from investors bitcoins, prices went down by more than 80% from last few months, but if we look into its price history of last few days, cryptocurrencies are in the stable position because its price is stood at $3500. Now some analysts are still positive about bitcoins future prices but a majority of them are not, and that’s why according to a recent report published by one of the largest traders of cryptocurrencies The Crypto Dog has said prices of Bitcoin would soon start to fall when it will reach its peak point. The renowned trader told that he is not going to be surprised to see if prices of Bitcoin fell below $1800 because according to him that’s where it’s heading.
However, this is not the first time when some retail investors have predicted that much worse situation of Bitcoin. Because in 2012 many analysts predicted that prices of Bitcoin will fall below $1200 which is still a surprising thing for many Bitcoin investors. However, so far Bitcoin has seen its worse phase because if we look into data, the value of bitcoin has decreased by more than eighty percent from last one year, so there’s a low probability that its prices are again going to fall by more than fifty percent. Institutional investors are hoping to see a competent regulating authority after which they might enter into the crypto market also. Many big stock exchanges are improving their way of doing business, and it will hardly happen that such investors will leave stable stock markets to trade into cryptocurrencies.
