Millennial Investors Will Drive Bitcoin Price Growth in 2019

Published on: 11 February 2019 Last Updated on: 24 February 2020

Even though the vast majority of price predictions for Bitcoin in 2018 were way off the mark, commentators continue to push their forecasts for Bitcoin in 2019. There is the number of cryptocurrency price predictions out there, and many different factors driving them.

Should you listen to them? Always take price predictions with a grain of salt. As an investor, you have to make your own decisions. One of the soundest investment decisions you can make is to never invest money you can’t afford to lose, especially in more speculative investments like cryptocurrency. However, the price gains that you could enjoy are enormous.

Millennial Investors Will Drive Bitcoin Price Growth in 2019:

How Did Past Predictions Turn Out?

At the end of 2017, there was virtually no limit on Bitcoin price predictions. Some pundits claimed that Bitcoin prices would reach $100,000 or higher, and some pretty colorful language has been used to express confidence in Bitcoin going as high half-a-million dollars in 5 years. Unfortunately, past bullish sentiments didn’t come to pass.

On the other hand, many are now seeing 2018 as the correction that had to happen for prices could bounce back. With the Nasdaq, the second largest stock exchange in the world, vowing to launch a Bitcoin futures exchange, the cryptocurrency is far from dead.

Who’s Driving Bitcoin Investment?

The short answer: millennials. Millennial investors know that the factors driving economic growth today aren’t the same as when their parents were saving for their retirements. Millennials want to invest differently than the way their parents have.

Millennials are more open than their parents to growing wealth through digital currencies, and it’s through them that products like Bitcoin will reach widespread acceptance as an investment vehicle.

2019 Bitcoin Price Predictions:

The real question is, what are the experts predicting for 2019? Depending on who you ask, predictions range from prices hovering near $3,500 to more optimistic predictions that prices will near $10,000 by the end of the year. More optimistic price predictions are grounded in upcoming developments such as the Bakkt futures market and growing interest from institutional investors. Mutual funds getting involved in Bitcoin futures will make a major difference for speculative investors hungry for a new commodity to sink their teeth into.

But there are going to be two essential indices that you should keep on eye on:

1) Will cryptocurrencies start to move in different directions? To date, cryptocurrencies have generally moved in tandem, with Bitcoin leading wider market movements.

2) How will stock markets move? There’s a convincing argument to be made that Bitcoin already resembles gold in a number of ways, and gold has a historic pattern of rising prices when stock markets. If the S&P drops, will Bitcoin follow suit?

Buy Bitcoin Now:

If the 2018 Bitcoin price correction has been good for anything, it’s providing a window of opportunity for new investors. If you want to buy Bitcoin, check out Bitbuy or another cryptocurrency exchange offering low fees and fast ways to buy Bitcoin.

A reliable cryptocurrency exchange is your gateway into the world of Bitcoin. If you’re ready to grow your wealth with a new type of commodity, buy Bitcoin today.

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How The NFT Market Is Developing In 2021

Investors and developers believe in the prospects of NFT. Venture capital and crypto funds became interested in the sector in early 2018. So, the company Dapper Labs (developer of CryptoKitties) in 2017 first raised $12 million in funding, in 2018 another $15 million, and in 2019 another $11.2 million. Game studios Rare Bits and Lucid Sight raised $6 million each, and Immutable (developer of Gods Unchained) received $15 million in funding in September 2019, Mythical Games — $19 million, and the OpenSea marketplace — $2 million. It is difficult to calculate the exact volume of the NFT market. Non-exchangeable tokens are not traded on conventional crypto exchanges — instead, they are bought or sold mainly for ETH on specialized platforms, fan sites, or inside computer games. The largest NFT platforms: Opensea, Nifty Gateway, Knownorigin, Makersplace, Super rare. According to the NonFungible website, the total sales of the ten most popular NFT projects amounted to more than $109.5 million, of which more than $1.8 million was received only in the last 7 days. As you can see, the NTF market is still quite small. But more importantly, its volume is steadily growing. NFT games are brilliantly ruling over the gaming world. You can find some of the best NFT games on this site including lightnite, illuvium, my defi pet, and lost relics According to the calculations of the publication Decrypt, the volume of trading in the NFT market for the summer of 2020 increased by 57%, which led to an increase in the value of the industry to about $100 million. According to Dune Analytics, monthly sales in the NFT sector exceeded $ 1-3 million in the summer alone, reaching a peak of $6 million in September of this year. However, according to the art platform SuperRare, only in October they sold digital works worth more than $4.34 million. Lot's of numbers here. To learn about NFTs, follow the FAQ NFTs: Everything You Need to Know About NFTs. NFT can Create a billion-dollar Market and Popularize Blockchain: NFT is a promising sector for the development of the crypto market with hundreds of millions of potential users: sports, pop culture, computer games, and art lovers who are willing to pay for their hobbies. Therefore, startups that bet on this direction have something to compete for. Most likely, it is for these markets that we will soon see sharp competition. But it is not worth waiting for the triumphant boom of the market of non-interchangeable tokens. Such tokens have long been known to the players of the crypto market, but have not yet received a truly mass application. So far, the belief in NFTs among their developers and investors is stronger than the need for them among crypto users. So, for example, to become popular among hundreds of millions of gamers, gaming cryptopredmetry in the NFT format must be integrated into the most popular video games. But it is not profitable for their developers, because they can lose a significant part of their income. Sports and music fans, art aficionados and collectors are also only looking at NFT for now. Those, although they belong to only one owner, do not allow you to interact with the underlying asset physically — and without this, the same digital picture is not much different from the reproduction. Another difficulty is technical. Tokens on Ethereum are too dependent on their network, which is not yet suitable for mass use. That is why the same CryptoKitties game switched to the new Flow blockchain in May 2020. However, after the beginning of the upgrade of Ethereum to the 2.0 state, the scaling problem should gradually disappear. Will the NFT be used outside of digital art? Hard to answer. 2mcuchfoffee also researched the topic and come up with the paper. In any case, it is great that NFT startups understand all the difficulties and do not give up trying to create a new market, explore ways to use the technology, and monetize it. If the enthusiastic expectations about this market come true, his works will hit the jackpot. But to do this, it is necessary to conduct "explanatory work" and clearly prove to a wide audience the advantages of NFT. Read Also: Everything You Must Know About Bitcoin Circuit: Legal or Scam Exciting Facts About Cryptocurrency And Crypto Wallets Best Crypto Trading Bots of 2020: You are Unaware

A Detailed Guide to Cashless Car Insurance Policy

As a responsible car owner, you must take the utmost care to ensure that you follow all traffic and safety rules. Wearing a seat belt, obeying the traffic laws, maintaining adequate distance between two vehicles, and driving within the speed limit are some of the safety measures. However, even if you follow all rules, there is always a fear of accidents because of numerous vehicles, reckless drivers, and other third-party issues. An accident can cause significant damage to your vehicle, which may result in huge financial expenses. Hence, in such contingencies, an insurance policy for cars can provide much-needed financial aid. Moreover, it is mandatory to have car insurance in India. If you drive your car without an active car insurance policy, you will be charged a penalty or even imprisoned in certain cases. Car insurance covers medical expenses, property damage, and even third parties. Compulsory third-party insurance covers the owner or driver of the vehicle against claims for personal injuries caused to other people in a road accident. Car owners can obtain a CTP green slip quote from a reputable insurance provider nearby or online in areas where this insurance is mandatory. There are different kinds of insurance products available in the market. One of the most popular insurance policies is a cashless car insurance plan. A cashless policy can save you from spending hard cash while extending the requisite financial coverage. Below is a detailed guide to cashless car insurance: What is a cashless car insurance policy? A cashless policy allows you to get your car repaired without making any cash payment. The expense of repairs is borne by the cashless car insurance policy, unlike a general insurance plan where you are liable to pay for expenses and then file for reimbursement. A cashless car insurance plan will include a network of garages where you can get your car fixed without paying any money. This is also inclusive of online 3rd party car insurance. What does the cashless car insurance policy cover? A cashless insurance cover allows you to get your car refurbished without paying any money. The payment is directly settled by the insurer and is included as a part of your insurance contract. However, the policy excludes deductibles and depreciation, which are explained below. Deductibles: It is the amount that you have to pay while raising a claim. For instance, if you are filing a claim of 20,000 and the deductible is Rs. 2,000. Then, the insurer shall make the payment of Rs. 8,000 subject to other terms and conditions. There are two types of deductibles, compulsory and voluntary. Both are decided at the time of buying the policy. A compulsory deductible is mandatory, and you are required to pay your component of the final amount at the time of claim. Whereas, a voluntary deductible is what you agree to pay, in addition to the compulsory deductible. Depreciation: The value of an asset decreases over time due to the use, wear, and tear or obsolesce. Depreciation is the reduction in the value of the car or any of its parts. The insurer deducts the value of depreciation before releasing the payment. Depreciation is calculated according to the life of the asset at the rates listed by the Insurance Regulatory and Development Authority of India (IRDAI). What is an authorized garage? An authorized garage forms a part of a network of workshops that have entered into an agreement with the insurance company. Workshops meeting predetermined selection criteria get added to the list of the authorized workshops. They offer cashless repair services for insurance policyholders. The repairs are undertaken by trained mechanics who maintain transparency in the pricing. Moreover, the workshop issues the initial estimate of repair expenses, which is reasonably accurate. What are the benefits of a cashless policy? The key advantage of a cashless policy is that the insurance company settles the cost of damages directly with the authorized garage. You need not incur expenses before raising the claim. Hence, there is no financial stress to arrange funds for repair. A good insurance company will have a large network of authorized garages across the country, which further makes the cashless claim process smoother. How to buy a cashless car insurance policy? You can purchase a cashless plan by visiting the nearest branch office of your chosen insurance company. The documentation process is simple and quick, but you would need to go to the branch in-person. Alternatively, you can buy insurance online. Online car insurance India brings in more transparency and convenience in the entire process. Moreover, in the current pandemic situation, the IRDA has abolished the need for submitting the documents or application form in hard copies. The insurer can share the policy document on your registered e-mail ID or mobile number, which shall be treated as a valid physical document. Overall, given the number of rising accidents today, a comprehensive car insurance policy has become more of a necessity than a choice. If you fear the cumbersome claim process and want an easy way out, buy cashless car insurance online at the convenience of your home. The policy protects your vehicle and also assures your hassle-free settlement at all times. Read Also: 10 Reasons to Purchase a Used Car Get Fast Access to Car Title Loan during Bad Times Why You Need Classic Car Insurance? Get Cheap Car Insurance For Young Drivers

5 Tactics to Improve Your Credit Score This Year

Inflation is up, money is tight, and your credit score is in the gutter. What a way to start the year! Instead of wallowing in self-pity, it’s time to finally do something about your unfortunate credit score. This January, kick-off an improvement plan to improve your credit score by the time the clock strikes midnight on Dec. 31. 5 Lucrative Ways Improve Your Credit Score: 1. Know What You’re Working With You can’t fix a problem you can’t see. If you’ve been avoiding checking your credit score for fear of what you’ll find, get over yourself. Now is the time to set aside your pride and review the damage. Your credit score impacts nearly every financial move you make. Working to improve it now, before you consider shopping for a major purchase, can make your life easier. Pull up your free annual credit report to review the data that’s been reported to the credit bureaus. If you’ve got missed payments, high credit utilization, or too many accounts, take note. Then consider your overall score. Anything under 700 should be seen as an opportunity to improve. Now you’re ready to create your action plan. 2. Take Action Daily You can make measured improvements on your credit score just by being mindful of your daily actions. If you struggle with overspending, pause before you swipe your card. Consider whether the purchase you’re about to make meets your goals and if you’ve got the money to repay the balance. If the answer to either is no, resist the urge to buy. Instead, save up for want-based purchases so you can treat yourself without sacrificing financial security. In an e-commerce age, you probably can’t eliminate plastic from your purchasing repertoire entirely, but you can be smarter about it. Familiarize yourself with different payment options like a credit builder card. These cards are secured by a funds transfer or initial deposit. Every time you pay your bill, your good payment history is reported to the credit bureaus. Over time, this great track record can improve your score. 3. Get Your Budget on Point The way you spend often dictates how well you can keep up with the demands of your bills. While everyone has core expenses across housing, food, and transportation, it’s essential to manage one’s variable expenses. Sit down with the last two months of your spending history to identify budget busters and trends you’d like to address. If dining out is a sore spot for your budget, create a system to help you indulge with purpose. Set a dollar amount that you can spend without dipping into cash reserves dedicated for other expenses. Think about why you like to spend in this category and whether there’s another way to fill your cup. If your real desire is to spend time with friends, pivot to hosting a small potluck dinner once a month. Adjust your spending toward this event, and you just may find you like the results better than gathering at restaurants. 4. Dispute Inaccuracies Your comprehensive credit report may be telling lies about you. If your careful review identifies inaccuracies in your report, it’s in your best interest to dispute them. Late payments are one of the biggest dings on your credit report. If you’re a reliable payer, it’s only fair to fix any errors in your report. First, reach out to the company reporting the information to the bureaus to dispute your account status. Then report the error to the credit reporting bureaus. You’ll need to include a dispute form and documentation supporting your case. This process can take months to resolve, so stay the course on other credit-boosting activities while you wait. Inaccurate reports happen, so it’s important to review your credit report regularly so you can quickly address them. 5. Attack the Two Most Impactful Credit Factors Put your energy into the most impactful parts of your credit score: on-time payments and credit utilization. Your payment history drives 35% of your credit score. If you have a history of late payments, you’re killing your score. Catch up on missed payments and create a system to help you manage your bills. Set up autopay for your core bills (rent/mortgage, utilities, insurance, etc.) so you can ensure that your obligations are covered. The second most impactful area of your financial behavior is credit utilization, which makes up 30% of your score. Credit utilization — the percentage of your available credit that you’re using at any given time — signifies how well you manage money. Work to keep your utilization below 30% to earn a good mark from the credit bureaus. If you can, request a credit limit increase to improve that percentage, but resist the urge to tap into it. Consider making payments toward your balance as you make changes to keep your utilization low. Creating the Accountability to Stay on Track Any goal is more achievable when you breathe life into it. So create a vision board of your credit score goals and post it where you can see it daily. Talk about your plan with your friends and family to create an accountability team for your new credit-building habits. Monitor your progress regularly and course-correct if you need to. The more you interact with your plan and assess your behavior, the more likely you are to be successful. Who knows? After a year of hard work, sacrifice, and intentional effort, your score could even climb from poor to exceptional. Read Also: Revolving Debt Vs Installment Debt – Which Impacts your Credit Score Why Would I Need A Business Credit Report? No Credit Rating Check Lendings Online split Second Authorization 5 Credit Card Perks that are Noteworthy How a Smart Guy Gets an Amazing Commercial Lease with Bad Credit

Millennial Investors Will Drive Bitcoin Price Growth in 2019

Millennial Investors Will Drive Bitcoin Price Growth in 2019:

How Did Past Predictions Turn Out?

Who’s Driving Bitcoin Investment?

2019 Bitcoin Price Predictions:

Buy Bitcoin Now:

The Importance Of Saving: The Bedrock of a Bright Financial Future

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Content Rally

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

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Related

How The NFT Market Is Developing In 2021

A Detailed Guide to Cashless Car Insurance Policy

5 Tactics to Improve Your Credit Score This Year

Millennial Investors Will Drive Bitcoin Price Growth in 2019

Millennial Investors Will Drive Bitcoin Price Growth in 2019:

How Did Past Predictions Turn Out?

Who’s Driving Bitcoin Investment?

2019 Bitcoin Price Predictions:

Buy Bitcoin Now:

Share this Article

The Importance Of Saving: The Bedrock of a Bright Financial Future

Glenn Sandler (CPA) of G.I. Tax Service: What to Do If You Can’t Pay Your Taxes

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

Leave a Reply

Popular

Follow Us

Recent

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