Bitcoin, is, despite short-term losses, the best performing Asset in the year 2019. Anyone who has invested at the beginning of the year, all green Numbers in the Portfolio. And there is evidence that the increases still.
By Phillip Horch
9. October 2019BTC$8.518,25 4.38%part Facebook Twitter LinkedIn xing mail
there’s No question Who had won out in the end of June his money on the Bitcoin, is likely to have in the last few days, annoyed. Finally, the largest crypto-currency from the struggles of market capitalization back to the 8,000-US-Dollar-brand. From the year high of almost US $ 13,000 proud $ 5,000 are missing here. In the long run, Bitcoin is still the best performing Asset in the calendar year short – term Pumps in the case of Altcoins.
let us Remember: At the 1. January 2019, the state-of-the Bitcoin price at the time of 3.880 US Dollar. Who grabbed the crypto-currency into the Portfolio, was on 8. October 111 percent profit offers. To the high for the year of the 260 per cent – a Performance that is hard to beat were.
The price of Bitcoin in comparison
For comparison: The Gold price was at the 8. October 1,499 US dollars per fine ounce and reached in comparison to the beginning of the year, a Plus of 17 percent. Here, the increase is not so stunning. On the other hand, the Gold price is also less volatile. Since the year high of 1.552 US Dollar, the Gold price fell only by less than 3.4 percent.
Also on the stock market, a comparable Performance would not be so easily found. For example, the S&P Index recorded a rise of 18 percent for the year 2019. The equity index comprises the 500 largest publicly traded U.S. companies.
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the most important German stock index DAX can’t keep up with that. He climbed since the beginning of January to just under 13.5 percent.
In the case of optimism, whether of the comparatively good Performance of Bitcoin, you have to make a few concerns. Bitcoin is highly volatile – the price dropped since the high for the year 2019 up to 8. October 38,46 percent. Depending on the horizon of the crypto-currency can be a bad Investment – it is always on when to and off. (Here are some tips on the subject of Bitcoin Trading).
Positive signals from the Ecosystem
From the crypto environment, there are some signals that suggest that the Performance of the Bitcoin exchange rate could continue to increase. Above all, an Ecosystem is formed here, which is safe and regulated is. So also the authorisation of a Bitcoin ETF becomes increasingly more likely. This simplifies the entry of the main streams in the asset class BTC to a price increase would be the logical consequence.
Add to this the geopolitical tensions such as the trade war between the US and China join. In connection with the situation in the economic crisis, countries such as Venezuela or Zimbabwe currencies are emerging Crypto as safe-haven currencies. This can also be used in relation to the threat of a recession in the world economy as a portfolio addition.
the upcoming Halving in 2020, is commonly celebrated as a potential price driver. At least in the past, the Bitcoin price rose in terms of the Halving. Here the incentive structure of the crypto-currency comes in. So the reward for the Miner, so the “miners” in the BTC network is reduced, at regular intervals. As a result, the crypto-currency is rare. And, if the market allows, valuable.
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