Bitcoin and the whole cryptocurrency market is very volatile, to say the least. When bitcoin went up by 1,400% in 2017, there a massive influx of new investors looking to join the wave of trading digital assets. Everything was going great until the red month of December arrived, and people saw their holding slashed by

Bitcoin and the whole cryptocurrency market is very volatile, to say the least. When bitcoin went up by 1,400% in 2017, there a massive influx of new investors looking to join the wave of trading digital assets. Everything was going great until the red month of December arrived, and people saw their holding slashed by 80% as bitcoin went from $20,000 to $6,000 in a span of two months. The market has been stabilizing ever since and yet traders are optimistic about the future.

As the cryptocurrency market still recovers from the last price recession, The composite investor sentiment index in April scored 83.9/100 meaning investors are bullish about the future. Results came from a recent survey conducted by the Huobi Academy of Blockchain Application to over 2,000 cryptocurrency traders. There was a 17% MoM due to a higher understanding of the cryptocurrency in the regulation world.

How traders see the market is next month according to the cryptocurrency sentiment report

50% of traders are substantially optimistic about a bullish market 30% remain slightly optimistic. These are good news for day traders looking to cash in their crypto investment during the dip.

Summer has been historically the beginning of a bullish cryptocurrency market.

Nasdaq CEO Adena Friedman has expressed optimism that blockchain, the technology underpinning cryptocurrencies such as bitcoin, will play a key role in the economy. She also expressed interest in bitcoin for Nasdaq future.

“We see technology as a relentless change agent and our job is to embrace that change, to bring it to the industry, and make it so that our industry continues to be a very successful industry in the next decade or even beyond that,” Friedman tells CNN’s Poppy Harlow in the latest episode of Boss Files.

How traders see the market is in the next six month according to the cryptocurrency sentiment report

As the market matures in six months and more countries find the correct regulations for their citizens, 71% of investors remain substantially optimistic in their favorite cryptocurrencies to rise. Only 5% remain bearish about bitcoins future.

More hedge funds, financial institutions, and VCs try their hand at cryptocurrency as they become more familiar with the market. This can bring a tremendous amount of capital in.

Projects will start releasing their work bringing a more certain future about their roadmap. This will create trust in the market, and investors will take out their holdings from low-performance projects.

How traders see the market in 2019 and beyond according to the cryptocurrency sentiment report

Who knows what the market holds for us in one year. Yet cryptocurrency investors are feeling very confident about the market. 90% to be exact feel the market will increase, while 84% feel the market will substantially increase. Only 3% of surveyors are feeling pessimistic towards the future.

Countries start adopting friendlier cryptocurrency regulations giving the opportunity for average investors the piece of mind to trade in peace.

Scalability issues are being resolved for major cryptocurrencies to handle faster and more transaction. (Lighting Network for Bitcoin, Casper for Ethereum, DPOS for EOS).

Investment legend Michael Novogratz, the $3.2 bln investor and former manager of the multi-billion dollar investment firm Fortress, recently stated that the cryptocurrency market will be worth $5 trillion by 2022. (CoinTeleGraph)

It will be much easier to buy in cryptocurrency as startups facilitate its purchase. LATAM Blockchain Group is creating a network of cryptocurrency ATMs in South America to facilitate the purchase into digital assets with cash. Coinbase, Lumit Blockchain, and major FIAT to Cryptocurrency exchanges will start to accept other digital assets aside from bitcoin, ethereum, and litecoin.

The understanding of cryptocurrency and blockchain will see higher demand as time passes by.

We don’t know what to expect for bitcoin and cryptocurrencies. The market will remain volatile as maturity happens but will stabilize in a near future. All data was taken from the Huobi Academy of Blockchain Application.

Disclaimer- this is not an investment advice, please do your own due diligence and research before investing into cryptocurrencies which have the tendency of being volatile.