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Experts Predict a Bright Future for Bitcoin and Other Cryptocurrencies

Via: ReleaseWire

Updated 2:50 PM CDT, Wed, April 25,2018

San Francisco, CA -- (ReleaseWire) -- 04/25/2018 -- For the last few months, Bitcoin has experienced a downward spiral after reaching unprecedented levels at the end of 2017. It is estimated that the cryptocurrency lost more than 7000 percent of its value in a span of two months. However, the cryptocurrency is picking up again and traders as well as experts predict that we will see its value soaring. The experts predict that the value will rise if the current trend of increased transactions is maintained. In the past week, Bitcoin has seen its price rise with the highest recorded increase being $1000 in less than twenty-four hours. "The price of Bitcoin is set to increase but this will only happen if the number of transactions which are carried out in the network increase," said one of the experts, exuding confidence.

The volatility will soon be over and the current rise in the value of the cryptocurrency is pointing in the right direction. People who hope to gain in the future should rush and buy it now as the upward trend seemed to have kicked in earnest," said the representative, who added that the gains which will be made out of this expected rise will be huge. "Cryptocurrency trade requires patience - people who rushed to sell their Bitcoin may regret when they find out that it is still strong, they should have held up their assets and waited for the market to stabilize. It now seems to be stabilizing, so the time to buy is now before it rises to the old levels," said the expert, encouraging Bitcoin and cryptocurrency enthusiasts to be patient and wait for the opportune time.

The experts believe a soar in the number of transaction will see the Bitcoin value go up. They observe that this is already happening - the number of transactions are up again after a bad period. They urged all those who believe in cryptocurrency and the confidence it brings in the financial market to offer fundamental support. It is only through such support that the transactions will increase further, they said, reckoning that the surge is already being experienced and the trend may only be continuing upward judging by the turn of events in the recent past. The experts urged cryptocurrency enthusiasts to seek positive and reliable information while dealing with Bitcoin and other currencies as there are people who are spreading falsehoods.

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