It is now time to get back in the cryptocurrency market as volume of trade picks up in beginning of April 2019. Many cryptocurrencies have increased significantly in price and giving crypto traders a very health profit. Is it too late to get back into the game now? Could we make money with Bitcoin?
Experts are predicting it will go beyond $10,000. Some say it will go as high as $30,000 or $100,000. At this moment it is around $9,200.
As for me, I don’t believe it will go up to $100,000, but $30,000 is possible.
If we look back at the history of bitcoin, we can see that each time it dropped back and will go higher than the last time. Will history repeat itself?
What are the main reasons for bitcoin to rally?
Facebook announced that they will launch a new digital currency next year. When more businesses are interested in digital currencies and it will be good for bitcoin.
More exchanges are offering margin trading and also investment companies have included bitcoin as a product.
Some says because of uncertainly in the share market, investors are buying bitcoin as insurance.
The number of people who are newly investing in bitcoin has
increase significantly. It is just like
gold rush. It is a good time to get in,
but wait for the pull-back before you invest.
If you are new to bitcoin investing and don’t know where to buy bitcoin in Australia. I recommend a good and trustworthy website, click here to join.
Kucoins are issued by Kucoin Exchange – a digital exchange for trading cryptocurrency based in Hong Kong. They have a low trading fee. It is especially good for those who want to buy new coins, some of the coins are not traded in other exchanges.
They have a generous bonus system. 50% of the daily income is used to pay as bonus for people holding Kucoin. As the moment you can earn around 5% per year by holding Kucoin. The bonus is issued daily therefore you can compound your Kucoin holding. To generate a good passive income, you just need to stake a substantial amount of Kucoin.
You can also earn more bonuses by introducing other people to join their exchange. If you want to join, click here.
Benefits of Kucoin exchange:-
Low trading fee compare to other exchanges.
Trading competitions are held frequently to new coins entry to the market and lots of prices to won.
Generous bonus system.
Good website security to save-guard your assets from hackers.
Easy to use interface for trading and also transferring your coins in and out.
Every quarter, they have a coin burn to remove some Kucoins from the market.
At the moment, the Kucoin is trading at a bargain around $1.20. It went up to $20 at one time in 2018. Therefore, it is a good time to accumulate this coin if you want a passive income. There are further potential for gain when the price of Kucoin increases.
The other good news is volume of trade in Kucoin Exchange has been slowly increasing and that means, the value of Kucoin will increase with time.