​Bitcoin won’t grow up in 2018

​Bitcoin won’t grow up in 2018
Aug 6, 2018 by Rico Wise

Experts of cryptocurrency do not recommend expecting a high increase of the Bitcoin price graph to the end of the 2018. Although there were cool-off periods, still they noticed a lot of downsides of the BTC price. The main reason of such situation is that the demand of retail was sluggish and a lot of institutions hesitated to take actions with this cryptocurrency. Also investors experienced a bottom of the Bitcoin price which was 5 700 dollars. Experts say that it is a risky thing – to make long-term prospects as to the increase of Bitcoin price graph. They make an example of 2018 year, when the price of BTC was expected to be 20 000, and example of August 2015 when the price was only 200 dollars. They consider it to be a historic move that can appear once again any time.

Experts also are presenting various outlooks of current situation on the trade market and forecasts as for behavior of main coins. They say that 2018 will be a year of shakeouts. Such forecast is explained by the development of lemon market in altcoins. Also some new regulations were taken; and now they are making a great impact on the digital assets market. Also the situation with miners changed a bit. A lot of miners had no possibility to update their machines and they faced a fall-down of the profits.