Oct 08, · October 8, Bitcoin Price Prediction Since early September, the bitcoin price has increased gradually from $ to $, while nearly reached to $ resistance level twice but could not exceed. To give you an idea, up until the end of , a Bitcoin price prediction of $2, had seemed absurdly high. But today, price targets for are being raised to five-digit figures, with some. Dec 25, · Bitcoin Price Prediction for Read full article. Colin First. December 25, , AM. Bitcoin prices have soared to the skies over Author: Colin First.
Prediction for 2018 bitcoin priceBitcoin Price Prediction For How Much Will It Increase / Fall?
Furthermore, the cost of trading futures is quite low, whereas an increasing rate of adoption and a stagnant underlying technology have been driving the cost of transacting via Bitcoin up. Over and above, futures are pivotal in the process of price discovery, which means that they can help Bitcoin gain some price stability. However, a futures market could also mean that there will be some downward pressure on the price of Bitcoin. This stands to reason as a futures market will make it easier for large institutional investors to short sell Bitcoin, and take bets on both sides of the table.
It remains to be seen which effect will dominate the other. Despite there being plenty of optimism surrounding Bitcoin, there are some who are concerned that this is all a speculative bubble. Simply put, a network will become useless if all the members in it are hoarding the currency and not interacting with one another. Another critical variable to put into the mix is regulation. This might come as a surprise to some, particularly due to the fact that cryptocurrencies are decentralized and impervious to direct manipulation, but governments still have the ability to regulate the usage of cryptocurrencies indirectly.
The simplest case in point is how the price of Bitcoin plummeted when China banned all coin exchanges within its borders. For instance, through banning companies from accepting cryptocurrencies as payment or from importing blockchain related technology such as Application Specific Integrated Circuits , governments can make cryptocurrencies nearly inaccessible, hence dropping their utility and their price.
Some might argue that Bitcoin is a global currency, yet the fact that the U. The future of Bitcoin is anything but certain and making Bitcoin price predictions for is akin to trying to discern the weather three months from now. Nevertheless, given the way things have been going, it is reasonable to assume that, at least for the short term, the price of Bitcoin should continue to rise and reach new heights. Moreover, this year, Bitcoin has been witness to one of the nastiest feuds concerning its future, which ended in a sort of stalemate.
Over and above, the introduction of a Bitcoin futures market should be very interesting , and it is yet to be seen how this will affect the nascent technology. With all that said, we are interested in knowing what you think. Or, are you of the opinion that this is all a bubble? Please let us know, leave a comment below, and feel free to ask us any questions you might have.
Smart money is the Alt coins and token which will be used to pay for services. For instance DENT will be used to pay for phone data in any country via an app that is hitting the market Dec That token is selling for 3 cents now but someday will sell for 5, 10, 20 dollars or more per token which will buy you 50 gigs of data. Bitcoin is a speculation tool that serves the interests of those who can sell to the next buyer for a profit. Eventually, it will collapse, but for now, there are far more people willing to buy it every day than there is an increase in the supply of coins which should position it for a tipping point to move sharply higher again soon.
Who is to say that ownership of a line of code is of any lesser value than a block of yellow metal in a safe?
As far as I understand- neither can be forged unless someone discovers the secret of alchemy , both can be stolen and both can be status symbols. As someone mentioned above. ETH and BTC will enjoy a decent year of growth, I feel will be a year that regulations might come to suck some of the chaos out. You can buy linden dollar via paypal and flip em to btc at virwox.
The way forward for cryptocurrencies is to implement KYC data in every transaction. In that way governments and lawenforcement agencies can keep track on who is doing transactions.. Anonymity is not going to be accepted as a core value of a crypto, on the contrary… only those with sufficient trackable data in the blockchain or ledger will be allowed to exist….
The recent discoverry of childporn data in the BitCoin blockchain will make its value go down faster then many would wish for…. I fear that John McAfee will have to get ready for eat his …. I am a newbie hence this drop is a great chance for me ti by in at half price, its a no brainer as it reached 25k at one point.
Crypto is here to stay and Bitcoin is mother coin, its never going to go away so many bitcoin arms are ushered in and KFC, Boost juice janine ellis stood in Sydney business seminar and told the group they are introducing bitcoin next year in their shops and said McDonald is the same, they want to be the first in the market and have this month offered 4 bitcoins as a prize for their weekly raffles.
I believe bitcoins will go up to 50k by the end of the year as more people adopt. For once, bitcoin seminars are held in sydney and i am sure the rest of the world. If I can do it so can everybody. Korean house sales amount goes to bitcoin market Transfer of funds due to transfer tax imposed on April 2, Actually it is very realistic. How many times has total market cap increased in ? You know very well that it was more then 20 times when we consider beginning of the year and the high of the year.
Most people really do not understand that it was just a beginning and that we are still in bull market. We were whole in yearly bull market and from the months point of view we have also not enterde bear market — we just had a correction.
As per weekly view — there was an correction and then sideways. So only in daily frame we were for few periods in bear market. People do not understand that the rise in were shock for many and then many bad news for Bitcoin came. Also many people were shorting this for some reasons. So the correction was very big. But the market is a complicated living creature. To be able fairly predict you have to apply many skills from maths, physics, economy and psychology, and you have to have a gift.
Now ETFs are going to be aproved. Historically this means price will rise, actually big rise. Look what ETF has done with gold. Current market capitalisation of Bitcoin is around billions. That is very small. Total market capitalisation of stock market is around 65 trillions. With Bitcoin growing over years incredibly it si much more better device for storing your finances then the Fiat or Gold. You do not need to have most of your money in bank. That is very old fashioned. Bitcoin is on incredible rise and it will devour all other cryptocurencies as they are no competion for Bitcoin.
So with coming stock market crash. I believe that in price will reach at least it may well be 1 million. Current stock market is overvalued at least by one third.
There will be big market crash starting from November till Some may tell that it has even started though there is of course no crash yet, just forming. So I would not be really surprised by BTC being for 1 million in That is very realistic.
Actually I consider any prediction for Bitcoin which goes below 25 at the end of as being completely unrealistic. Log into your account. Sign up. Password recovery. Recover your password. Forgot your password? Get help.
Create an account. Stock Market All Snap Stock. Bitcoin Security: Safety First. How to Find the Right Car? Cryptocurrency News Today Bitcoin. Bitcoin BTC. This is part three of a multi-part series on Seth Klarman, value investor and manager of Boston-based Baupost Group. Part one can be found here and part two can be found here. To ensure you do not miss the rest of the series sign up for our free newsletter.
In part two of this series Read More. One possible issue that could impact on any Bitcoin price prediction for is government legislation. And the picture in Europe could provide a clue to the future legislative direction in the US.
European governments are currently pushing for regulation of Bitcoin and the general altcoin sector , following the unbelievable escalation in the price of Bitcoin. In particular, the fact that Bitcoin is strongly linked with nefarious activity conducted by money launderers, drug traffickers and terrorists is of concern.
French Finance Minister Bruno Le Maire has recently spoken on the subject, with the prominent individual indicating that the powerful G20 group will discuss the topic in the foreseeable future.
The Italian government has indicated its similar willingness to open discussions on regulation, while there have been moves by the European Commission to deliver new legislation that would impact on the cryptocurrency. This sort of scepticism from some of the most influential countries in the world is obviously bearish for Bitcoin.
And this European perspective follows hot on the heels of similar activity in countries such as India and China. One of the big plus points for Bitcoin going forward is the entry of the cryptocurrency into the futures marketplace.
This will undoubtedly have a massive impact on the growth potential of the digital payment system, and could lead to a massive upside, even given the massive inflation in value that the currency has already enjoyed. And other analysts have also offered hope for Bitcoin investors.
One of the biggest Bitcoin bulls, Ronnie Moas, believes that the meteoric much of the cryptocurrency will continue into a six-figure value in the coming years. The opinion of Moas is based on the limited supply of Bitcoin, meaning that the cryptocurrency can potentially escalate massively in value in a short period of time simply due to supply and demand issues.