Bitcoin investing is considered to be a high risk investment, meaning while you have the potential to make massive gains, you also have the potential to incur massive losses. However, with the massive skyrocket of bitcoin prices this December, many wonder if now is the time to sell their assets. Financial advisors disagree on the future course of bitcoin, and banks are both making moves to blacklist and alternatively legitimise it. More and more vendors are beginning to accept bitcoin directly, and brokerages are starting to offer POS methods to instantly turn your bitcoin into cash, at vendors that don’t yet accept it. With the world at odds about the future of bitcoin, here are some considerations before deciding to pull out of Bitcoin

Nasdaq, CME, and Cboe, is About to List Bitcoin Futures

When To Pull Out Of Bitcoin Wallet

When listed, this move may cause an initial massive drop in prices, but should help stabilise bitcoin volatility. This move by some of the biggest markets will also further legitimise bitcoin as a commodity or currency. By listing bitcoin futures on markets, it also become accessible to average investors. Of course, this move risks bitcoin being bought up by the small percentage of investors with the highest buying power, which would destroy the cryptocurrency’s de-centralised schema, and lead to the majority of bitcoin end users to move to another cryptocurrency.

Bitcoin Exchange Traded Funds are Coming

Commodity ETFs are already considered to be a low fee option, with commodities generally sold only to pay fees, and cover expenses. As bitcoin needs no physical transfer, assuming that the market stabilises and continues to grow, the lower amount of expenses than other commodities could make it a wise investment. Sweden’s bitcoin ETF is already bigger than almost 80% of any American ETF.

Is the Stablecoin Tether (USDT) really covered by enough reserves? This question has been hanging like a sword of Damocles over the crypto space for a long time. But this could soon be finally clear.Not only the central banks let the money printing machines run at full speed in 2020. Tether Limited, publisher of the stablecoin Tether, also created more USDT tokens than ever before. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. September 18, 2019, 10:00 AM. Giving a shock to investors who wish for SEC approval to a bitcoin ETF, CBOE BZX Exchange withdrew its VanEck/SolidX bitcoin ETF proposal on Sep 13.

Bitcoin Listed Recently at Over 19k per Coin

Bitcoin is volatile, and can both gain and drop thousands of dollars in value, in a single day. Though it’s at record highs right now, market, bank, and investor analysist worry that this is another bubble period, where everyone is trying to buy up what they can, before it hits Nasdaq. This artificial cost inflation may lead to a significant crash in the near future, as interest wanes. Since it is currently being bought with the goal of holding it, bitcoin friendly vendors are seeing less transfers, which may hurt the cryptocurrency in the long run.

Conclusion

When To Take Money Out Of Bitcoin

When bitcoin first started, years ago, it was practically worthless, and advisors had no inkling that it would reach $1,000, let alone $10,000. However, its unregulated nature, volatility, and continual exploitation by hackers and thieves ensure that bitcoin remains a high-risk investment. While bitcoin may be at a record high currently if this is indeed a bubble period and bitcoin crashes, many stand to lose their life saving or incur tremendous losses. Furthermore, if a small percentage of the population is to buy bitcoin and refuse to sell, they can efficiently kill bitcoin, by preventing it from reaching end users and vendors. Alternatively, the fact that more and more vendors are taking steps to accept bitcoin as a primary payment method is encouraging – and opens the door for other cryptocurrencies to gain more steam.