Home Services Investment - Financial Planning Ad ID: 1206009 Posted 71 month ago  in Chhattisgarh Classifieds 766 people saw this post
Predictions for Cryptocurrency in 2018!

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Investment - Financial Planning
Chhattisgarh
Raipur, Chhattisgarh, India
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Cryptocurrencies come across as very lucrative investment options. These high risk high return instruments are slated to become more popular in 2018 and here are the predictions for the same.

Cryptocurrency came into being in the year 2009 and has stayed around for almost a decade. The first five years of this form of currency most commonly called the ‘digital currency’ were slow but it held on to its ground steady. Starting 2014, there was much traction that was seen in the financial markets due to this new form of currency and its trading. This led to rise in the cryptocurrency indexes for some of the most popular ones like Bitcoin, Ether,  Indus Coin and Ripple. The ticker symbol for Bitcoin came to be as BTC.

2017 was a phenomenal year for cryptocurrency as a whole. The price of Bitcoin increased by a whopping 2000%. Translated into values, it means that Bitcoin started the year at $1000 in January and ended the year with a value of $19000 in December. Imagine the gains that the investors must have achieved due to this upswing.

There are cryptocurrency exchanges and data websites which are just a click away to provide you with the updates on the performance of your cryptocurrency. Reliable cryptocurrency exchanges like Indus Coin keep you ahead of the rest by providing all the information about the performance of the currency on their home page. The encrypted wallets and secure transactions are added advantages which actually outweigh any other frills that other exchanges provide.

With 2017 ending on a high note, here are the predictions for cryptocurrency for the year 2018:

1. ICOs to make the market more professional

ICO or Initial Coin Offerings were aplenty in the last two years. This trend itself signifies that the market is open to newer forms of cryptocurrency and investors are lapping it up. Considering that any new idea in the cryptocurrency market comes only through a bunch of developers with no Government backing, the risks are always high. In spite of that, the ICOs have worked well.

The year 2018 will see many experienced investors getting involved with this kind of funding. They will also bring in transparency into the systems due to the size of their investments. Looking at this trend, due diligence platforms like CoinList may also get associated with raising ICOs which will end up making the entire process extremely professional.

2. Institutional Capital will get involved

Goldman Sachs is a big brand that has accepted cryptocurrency and associated itself with it by announcing that they will set up a cryptocurrency trading desk by 2018. This has given confidence to other institutional investors also and two more notable brands, Dell and Amazon have jumped on to the bandwagon.

2018 will see a lot of more institutional capital coming in resulting in the launch of many crypto funds. Currently, out of the 100 odd crypto funds in the market, 84 were launched in the year 2017. These are all positive signs where capital will get involved with the digital currency and predictions indicate that soon there will be investment options available to the average investor like ETFs and mutual funds in the crypto currency format.

3. Regulations will come in place

Any large scale investment market or instrument does need regulation of some kind to secure the funds from hackers and Trojans, especially if the assets are intangible. 2018 will see countries regulating cryptocurrency markets and platforms and carrying out their due diligence before allowing trading of cryptocurrencies on online trading platforms.

China and South Korea came down heavily on cryptocurrency in the year 2017, thereby affecting its performance in the last quarter of the year. Check for jurisdictions in your country before investing heavily in this format. Chances are high that due to its success, most of the countries will not ban this format but create jurisdictions around it to prevent money laundering. This may lead to fall in prices and trading volumes in the interim, and hence before investing you need to ascertain if you are looking for short term or long term gains.

4. Ancillary platforms will bloom

Higher popularity means higher ancillary platforms to enable trading. There will be a surge of online cryptocurrency exchangers that will come up. There will be more apps that will vie for your attention and offer you performance pop-ups, trackers and customer support options to keep a track of your investments. This entire scenario means that there will be a higher investment in this format as compared to the earlier years.

5. Cryptocurrency gains will continue to be high

The cryptocurrency will be on an all time high in the next 2 years. Bitcoin will especially reap in the benefits as its mining cycle is due to get halved latest by 2020. Therefore, there will be a higher number of miners and mining pools that will get involved in mining this currency and make the most of it until 25 coins are getting mined per cycle.

From an overall perspective, this would mean that higher number of crypto currency will come in circulation. The prices are not expected to drop in the near future but with this higher number of coins will enable new investors to join the market. The transactions are also going to get simpler and investors will also be enabled to understand the dynamics of block chains.

Overall, the traction in the market with respect to the old and new crypto coins is favorable. There are online cryptocurrency calculators available that can give you a predictive analysis of your current investment over the time line you desire. Be a wise investor and do not ignore the past trends when you invest. The initial investment must be small and aimed at short term gains until you get a fair idea of the market dynamics. Also, go in for a reliable online crypto currency exchange like www.induscoin.info to keep your investments safe and growing.


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