Bitcoin: How High Can Bitcoin's Price Go In 2018? | Fortune
Had Jerry Britos daughter waited longer to emerge, she might have been someone else entirely. In November, as Brito paced the hospital for 23 hours while his wife was in the delivery room, he floated an alternative name for the baby: Ten Thousand. The founding executive director of the nonprofit Coin Center, Brito had spent years advocating for Bitcoin , arguing that the cryptocurrency, and the technology underpinning it, would dramatically change our economy , reshaping the world into which were all born. Now Brito was on the cusp of realizing two long-held dreams. Even as his wife went into labor a few days after Thanksgiving, Bitcoin was taking off as well. Worth $950 at the start of the year, its price breached $9,000 while Brito waited in the maternity ward. This explained why his daughter was taking her time, he began saying: This baby does not want to be born in a world where Bitcoin is not $10,000. Alas, the price was only $9,600 when Britos daughter arrived early Nov. 27; the parents went with a different name. But Bitcoin broke $10,000 the following night. And in the newborns first 10 days on earth, it more than doubled again, grazing $20,000. In all, Bitcoin has seen a roughly 20-fold rise since the beginning of 2017, outshining virtually every conventional investment. For true believers, the soaring rise rewarded a deep-seated faith. Its always been kind of obvious to me that this technology is as profoundly revolutionary as the Internet was and is, Brito says. But Bitcoins spike also represented the revolutions next phase. Less prescient investors, fearing theyd miss the opportunity of a lifetime, had jumped into the currency, spurring a frenzy. If Bitcoin is successful, the opportunity I have, my son will not have, and definitively, my sons son will not h Continue reading >>
Where's Bitcoin Price Heading Next -- $1k Or $30k?
Where's Bitcoin Price Heading Next -- $1K Or $30K? The game isnt over for Bitcoin yet. And neither is its price volatility, which divides cryptocurrency experts on where Bitcoin price is heading next. On one side is the bullish camp, which argues that Bitcoin is still in an uptrend, betting that it will eventually reach $30,000. Marshall Taplits, chief strategy officer for NYNJA, is one of them. Speculation on price is always difficult," says Taplits. However, the trend for Bitcoin is clear - UP, going to about $20,000 USD from zero in 10 years. Each time Bitcoin corrects, the media wrenches. However, anyone who has been watching crypto currency since the beginning knows to bet on $30,000. Daniel Worsley, chief operating officer of LocalCoinSwap, is another Bitcoin bull. There is no other network that has been as battle tested as the Bitcoin blockchain, says Worsley. It has resisted serious adversaries, and coordinated attacks designed to disrupt its functioning. It has survived all assaults. It wouldn't surprise me at all to see the price above $20,000 USD this year. Especially given the amount of negative press which is now priced in, and investor expectation of another bull run, it will only take a couple of positive developments to set off the train. On the other side is the bearish camp, which argues that Bitcoin is a mania that sooner or later will come to an end, the way every mania ends: falling demand in the face of rising supply (in this case from competing coins). And when these conditions are met, Bitcoin prices could be driven back to $1000. Thats according to some estimates which set the fundamental value of Bitcoin at $1,142. Still, it may take quite some time before the price of Bitcoin reaches its fundamental value, even in a rational world. Rationalit Continue reading >>
Bitcoin Price News: What Is The Price Of Bitcoin? Is Btc Going Up?
While the ever-present threat of regulation looms over the market, bitcoin can continue to flourish. The European Parliament voted for tighter regulation against the potential use of cryptocurrencies in money-laundering and the funding of terrorism last week, supporting a previous bill to force exchanges to register. The vote is just the beginningina potential series of clamp-downs from major economies who are fearful of crypto-potential. South Korea, China and even the US Securities and Exchange Commission (SEC) are all setting tighter rules on initial coin offering (ICO) issuers to stem the dangers. Compare crypto currencies (Ripple, Bitcoin, Ethereum, LiteCoin) on value, market cap and supply for the past year LiteCoin is going down with the market dip But regulation troubles are not slowing down the rise, as analysts predict a further surge. Garrick Hillman,cofounderof crypto data and research firm, Mosaic.io , said: "Bitcoin's price has shown resilience multiples times this year when it has dropped below $7k, even in the wake of negative events such as Indias recent ban on banks engaging in cryptocurrency-related activity, Mt Gox trustee sales, and tax-related selling. Positive drivers include reports that major financial institutions, such as Barclays, are getting more serious about entering the crypto space. Other industry experts are pointing towards the various ways institutional investors are finding to gauge crypto risk. Tom Lee of Fundstrat Global Advisors told CNBC: "We believe the 'winter' is ending for Bitcoin, as the crypto to fiat pressures from tax day subside, and as headline risks seem to be fading." Pointing to the CoinsharesCrypto ETF - a leading indicator for bitcoin prices - he said: "We believe large institutional investors globally use this ET Continue reading >>
Where Is Bitcoin Price Going? Experts Predict 'crazy Gains For Cryptocurrency Despite Volatile Markets
Where is bitcoin price going? Experts predict 'crazy gains for cryptocurrency despite volatile markets 'Believe it, its happening,' says renowned investor. 'Its going to be awesome.' Bitcoins recent value surge has led to a flurry of price predictions from experts and analysts, with some suggesting crazy gains for the cryptocurrency in 2018 and beyond. One of the most ambitious forecasts came from billionaire investor Tim Draper, who made his fortune through early investments in internet companies like Twitter and Skype. Mr Draper correctly predicted in 2014 that bitcoins price would rise from $300 to $10,000. Im thinking $250,000 a bitcoin by 2022, Mr Draper told a crowd gathered outside Draper University in California. Believe it, its going to happen. Theyre going to think youre crazy but believe it, its happening, its going to be awesome. $250,000 by 2022, you heard it here first, its going to happen. Ethereum, ripple and other cryptocurrency values surge with bitcoin Bitcoins price at the time of writing is hovering around $8,000, according to CoinMarketCap, down from nearly $20,000 in late 2017. The latest price comes after a dramatic surge on 12 April that saw bitcoin's value jump more than $1,000 in less than an hour. This price trajectory is also anticipated by other analysts, who believe the significant price increases in April could trigger a bull phase in the market, meaning optimistic investors will drive up the value. Bitcoin deflationary characteristics are an indication that in the long run, the market is bullish, Rodrigo Marques, CEO of cryptocurrency investment platform Atlas Quantum, told The Independent. We believe the price could be set to go up and have the potential to reach December 2017 levels again. The price of bitcoin experienced unprecedente Continue reading >>
A 30% Drop In 5 Dayswhere Will Bitcoin Price Go From Here?
A 30% Drop in 5 daysWhere Will Bitcoin Price Go from Here? JakeTheCryptoKing March 10, 2018 7:00 am When financial markets are analyzed Bitcoin price is generally considered the newest and highest risk instrument in the space. BTC even has options and futures traders puzzled with its significant price fluctuations. This week BTC has fallen more than 30% since its high, but why? December saw Bitcoin approach $20,000. January saw a correction of epic proportions concluding in February when BTC dipped under $6,000. February through the beginning of March saw Bitcoin price climb and eventually trend north more heavily following the Chinese New Year. That was until this week where Bitcoin along with almost every altcoin has suffered a significant punishing. However, with FUD comes a major drop in prices providing opportunities all across the market. What causes a collapse in prices in the crypto space more than anything else? FUD! The crypto space is susceptible to FUD to a degree that is unprecedented in most marketplaces. Entire populations move money in and out of crypto based on mainstream news sharing select stories. This week was no different with rumors circulating that Binance was possibly hacked, although they have repeatedly stated all funds are safe. The U.S. government and the SEC publicly stated , They Are Watching, companies holding ICOs. One of the largest exchanges in the world possibly having been hacked coupled with the SEC reiterating their involvement in the crypto space caused significant panic this week. However, with panic comethe perfect buying opportunities. This was a week filled with FUD regarding the future of crypto which is precisely what those purchasing enormous quantities want happening as they stock up. Bitcoin is the leader in the crypto s Continue reading >>
Bitcoin Price - Latest Updates: Cryptocurrency Surges Towards $10,000
Bitcoin price - latest updates: Cryptocurrency surges towards $10,000 The value of the digital currency has shifted wildly over recent weeks. This article is being regularly updated with the latest changes The value of bitcoin has seen significant gains over the last week, following a period of relative stability hoveringabove $9,000. If it continues its good form, it could break above $10,000 in the coming days. The volatile cryptocurrencys price has shiftedwildly eversince mid-December - whenit hit a record high of more than $19,850 (14,214)- with frequent heavy drops and speedy recoveries. Its priceplummet back to earth in January and February, as governments and central banks around the worldraised the spectre of future regulation. Bitcoins value plummeted again shortly before Christmas, dropping by almost $2,000 (1,449) in just an hour at one point, and almost slipping below the $11,000 mark (7,970). It then bounced back, before tumbling again in mid-January, recovering again, and plummeting at the start of February before levelling out for the rest of the month. March saw bitcoin's price drop below $10,000, reachinga low of $6,500 before rebounding above $7,000. Aside from the looming prospect of regulation, aseries of high-profile thefts have also had a hand in the sudden rapid dips in value bitcoin and its rivals have experienced - the most recent of which was a failed raid on the Binancecryptocurrency exchange . Google's announcement that it would ban cryptocurrency advertising from its pages from June on the grounds that it considers it "deceptive content" was also a major blow to the sector. Recent goings-on have demonstrated just how quickly things can change for investors. It is worth $9,675as of Fridaymorning, up from around $6,500 in early April, accordi Continue reading >>
Bitcoin Price: Reasons For Fall On March 9 - Business Insider
A vertical stack of three evenly spaced horizontal lines. * Copyright 2018 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Bitcoin down 5% on Friday to a one month low. Analysts say the dip is caused by fears of regulation, rumours of an exchange hack, and news of a big seller in the market. LONDON Bitcoin is slumping on Friday, down by 5% in early morning trade to trade at a one month low. Analysts say that the slump is being caused by a string of bad headlines for the sector this week that have dented investor sentiment. "Our take on this is that the new investors in the space don't have enough time to analyse what's happening," analysts for the London Block Exchange write in its daily market report on Friday. "The amount of fake or misleading information reported over the past few days, as discussed in yesterday's report, made the 'regulation meets Mt. Gox dump and Binance pump' narrative far too scary. So much so, in fact, that even the more dedicated (but less sophisticated) traders believe it." Charles Hayter, the CEO of CryptoCompare, told BI: "It's the usual fears on regulation in the US after ICO subpoenas and exchanges coming under fire, as well as the Binance issues. These are purely behavioural markets and there are huge switches between strong bullish sentiment and fear and panic." Here are the three main fears driving down the price: Regulators around the world have been ramping up supervision of the cryptocurrency space this week, with Japanese regulators suspending two cryptocurrency exchanges and the US Securities and Exchange Commission telling crypto exchanges they must register with it . The SEC earlier this month issued a wave of subpoenas to crypto companies. Ken Odeluga, a market analys Continue reading >>
Where Will Bitcoin Prices Go From Here?
Bulls say blockchain will reach the masses, while bears say it's over-extended puffery. Who's right? The meteoric rise of Bitcoin, Ethereum, and the burst of Initial Coin Offerings (ICOs) was one of the biggest financial stories of 2017. Suddenly "cryptorich" investors and founders heralded cryptocurrency as the next wave of technological innovation and the markets reflected the new-found optimism. But after a rough few months, Bitcoin is down roughly 60% since its all-time high in December, despite a surge on Thursday . A few hundred billion has been axed from the total market capitalization of Bitcoin and other cryptocurrencies as more and more investors -- wary of regulatory uncertainty, tax season, and the fallout from Mt. Gox's bankruptcy -- get out . As the latest negative factors get priced in, what's next? According to Bitcoin bulls, the buzz around blockchain still hasn't reached mainstream consumers or investors. While only 54% of Americans invest in the market in any form, only 8% have put money into crypto assets, which means the market still hasn't reached beyond the early innovators and a small number of early adopters. "Since consumers demand that payments are made very fast, the key for adoption is a seamless integration with what they are used to at the checkout," said Steven Hatzakis, Global Director of Research, Forex and Crypto at ForexBrokers.com. That's starting to happen now. Companies including Overstock.com, Expedia, and Microsoft accept Bitcoin payments. Crypto-based payment processors BitPay and Coinbase offer integrations available for Shopify e-commerce stores, as does Square, which began offering Bitcoin payments last year. According to the bulls, the real innovation -- one that will help push cryptocurrencies and assets over the chasm and Continue reading >>
Why Is Bitcoin's Price Going Up Or Down? | Finder.com
Bitcoin Price Drop News: Why Is Bitcoin Going Down? Btc Falling Today
Bitcoin price drop news: Why is bitcoin going down? BTC falling today Bitcoin price drop news: Why is bitcoin going down? BTC falling today BITCOIN prices tumbled today as the US Justice Department opens a criminal probe on price manipulation. The cryptocurrency could plummet below $7,000 as pressure to introduce regulation builds. Why is bitcoin going down? Bitcoin price drop news: Why is bitcoin going down? BTC falling today Bitcoin prices are dropping today amid a price manipulation scandal. The cryptocurrency fell more than 1 percent today to trade at $7,539, as of 6.30pm BST. BTC took a hit with news the US Justice Department would be launching a criminal investigation probe into price manipulation. The cryptocurrency market has lived under the shadow of regulation since its inception, but the latest development could force the market closer to regulation. The rest of the market seems to be fairing well against BTC, with Ethereum trading at $588. Ripple rose 4.79 percent to trade at $0.625, while Litecoin rose to trade at $122. Crypto investor explains why he STILL thinks bitcoin will hit $25,000 Despite its positive results in the previous few weeks, bitcoin is taking a hit amid a price manipulation scandal. The US Justice Department suspects traders are now manipulating BTC prices, an illegal practice in regular markets. The cryptocurrency world is regularly suspected of facilitating nefarious deeds, beginning its journey to popularity as an anonymous currency to trade for drugs and paraphernalia on the Deep Web. However, the cryptocurrency market may now be moving to more white-collar crimes as a criminal investigation is launched. Bitcoin prices have fallen by $8,000 in the last year The Justice Department is focussing on certain tricks that can influence pric Continue reading >>
Heres Why Bitcoins Price Has Been Going Down: New Study Explains
A respected blockchain and data research firm, Chainalysis, has released a report titled The Great Bitcoin Price Dip: Its Causes and a Way Forward explaining the reasons behind the great dip in Bitcoins price. The report gives two major reasons behind the recent price dip, Regulatory news driving trading volumes and a peak of positive sentiment pushing price; and a lack of fundamentals resulting in herding behavior across increasingly correlated exchanges and cryptocurrencies.The report tries to explain that investors are like a bunch of herd animals driven by emotions, and when one of the flock gets spooked, the others also get spooked. Many cryptonomists have been spending sleepless nights trying to determine a fair value for 1 BTC. The report by Chainalysis has acknowledged this in their report, saying that the cryptocurrency market is still struggling to establish itself on a level with other conventional markets, where investors can easily contextualize price and volume fluctuations. Traditional markets have an established set of market fundamentals that help investors understand and contextualize price and volume fluctuations. The cryptocurrency world is still figuring out the correct fundamentals to use in situations of massive price volatility, The report says that Bitcoin trading is very sensitive to regulatory news, and that prices are driven by sentiments. Chainalysis shows Bitcoins trajectory in 2017 to explain its point. Bitcoin is susceptible to regulatory news as it experienced a major sell-off after news that China was planning to ban it. It did, however, make a full recovery within a short span. The report also suggests that a market correction had to occur to curb the growing Bitcoin mania that was witnessed in the latter half of 2017. According to th Continue reading >>
7 Answers - Why Is The Bitcoin Price Going Down? - Quora
As what others have pointed out, the recent drops were caused by the Chinese ICO ban and rumors of shutting down the exchanges in the country. Not only that, values of other cryptocurrencies such as Ethereum and Ripple have also plunged. However, if you zoom out the Bitcoin value over a year, most currencies have surged this year. Look at the chart below, Bitcoin's $5,000 peak on Saturday compares to less than $1,000 at the start of the year. Although there are many other cryptocurrencies such as Ethereum , Litecoin , Siacoin , and Stratis , Bitcoin still remains one of the most watched and speculated currencies of all time. Bitcoin has been one of the most amazing currencies to watch in the history of mankind. Back in 2016, a report from Saxo Bank claims the price of Bitcoin could hit more than $2,000 in 2017. When the report was published, Bitcoin was trading at $750 and it hit $2,000 in May 2017. In May 2017, the same analyst predicted that Bitcoin could hit $100,000 in 10 years time. Of course, the prediction was made based on a rough estimation. However, we all know that cryptocurrencies are going to survive for a very long time, especially Bitcoin. The recent drops seems to have been caused by the following: China - China has been making waves on the market this last week with several big announcement (with more rumored to come), mainly a universal ban on ICOs as well as a making all exchanges illegal except for one (OKCoin). As a result, Bitcoin and all other coins experienced significant drops. JPMorgan - As youve probably heard, the CEO of JPMorgan, Jamie Dimon, publicly called Bitcoin a fraud this week. This had an immediate impact on the price of Bitcoin which was already on the downturn after the Chinese storm. Something tells me JPMorgan have a good reason Continue reading >>
Bitcoin Price Hits $11,000 For The First Time Since January
A visual representation of the digital Cryptocurrency, Bitcoin on October 24, 2017 in London, England. Bitcoin broke through the $11,000 mark over the weekend for the first time since the end of January as its price continues to slowly rise following a violent sell-off at the start of the month. The price of the cryptocurrency went as high as $11,279.18 on Sunday, its most elevated level since January 30, according to CoinDesk's bitcoin price index, which tracks prices from four major cryptocurrency exchanges. On Monday, bitcoin was trading below $11,000, at $10,789, at around 9:30 a.m. London time (4:30 a.m. ET). Bitcoin's price has been slowly climbing higher after a massive sell-off in early February, which was triggered by fears over tighter regulation, rumors of price manipulation in the market, and a hack on cryptocurrency exchange Coincheck that saw over $500 million stolen . Bitcoin is up over 80 percent since it bottomed at $5.947.40 on February 6. In South Korea, a key market for bitcoin, there were fears that an outright ban on cryptocurrency trading could come into effect. But as new measures were implemented , they were less strict than investors thought, and many sounded a positive note. Earlier this month, chairman of the Commodity Futures Trading Commission (CFTC), Christopher Giancarlo, and the chairman of the Securities and Exchange Commission (SEC), Jay Clayton, gave a testimony in front of the Senate Banking Committee on cryptocurrencies. They struck a positive tone, with Giancarlo saying that regulators should have a "thoughtful and balance response, and not a dismissive one." This has also helped to alleviate fears of tighter regulation. Bullishness appears to be returning to the cryptocurrency markets, with both ripple and ethereum also off their Continue reading >>
Bitcoin Price Predictions 2018: How High Can Bitcoin Price Go In 2018? Up To $1 Million Or Down To $100? (in-depth Analysis)
Bitcoin Price Predictions 2018: How high can Bitcoin price go in 2018? Up to $1 million or down to $100? (In-Depth Analysis) Bitcoin Price Predictions 2018: How high can Bitcoin price go in 2018? Up to $1 million or down to $100? (In-Depth Analysis) Bitcoin prices in 2018 have been marked by volatility which has made bitcoin price prediction in short-term a bit of a challenge, even for the experienced analysts. As at the time of writing, the price of Bitcoin took a dip from 10k to under 8k following news that search engine giants, Google will ban crypto-related ads . So far, 2018 has presented its own surprises though not a dramatic as the rollercoaster we say in 2017. Salih Sarikaya (@SalihSarikaya) June 6, 2018 History generally has a way of repeating itself but bitcoin has a lot of history which makes it an equal challenge predicting which history will be repeated. It takes more than a study of past trends to get predictions spot-on this time and so we ended this article by highlighting certain area expert analysts were looking at. Analysts, enthusiast, and industry figures have very diverging opinions and bitcoin price predictions for both long and short-term. Optimism is still high in many quartersreports of a new survey among British financials suggest a wide majority will buy more coins in hope of price resurgence later this year. As we delve into whos saying what and why, heres a heads-up. Expect a lot more price fluctuations in the interim. Its going to be a bumpy ride getting to wherever Bitcoin is headed by the years end. Surely, Bitcoin is headed up John McAfee John McAfee, Bitcoin supporter and founder of the popular McAfee antivirus software, is being very positive about Bitcoin. He predicted that Bitcoin price will hit $1 million by 2020 following last y Continue reading >>
Bitcoin Price Prediction: Will Bitcoin Crash Or Rise?
So, youve heard about Bitcoin and you want to invest Youre not the only one! Bitcoin has been one of the best investments you could have made in the last 5 years. People are still using it to make a lot of money, in many different ways. In this guide, I will teach you the history of Bitcoin, the future of Bitcoin and how to understand what goes into a Bitcoin price prediction. We will look at predictions for different years, including this year the Bitcoin price prediction 2018. I will answer the questions that are on everybodys minds, like Will Bitcoin crash? and Why is Bitcoin rising?. Understanding how to predict and invest is the first step to building a successful portfolio. However, with all investments, there are risks involved. So, you should always speak to a financial advisor before making any major decisions. Note: Your portfolio is your investments. For example, if you were to invest in Bitcoin, Ethereum and Litecoin, then those coins are in your portfolio. As you are reading this guide, you must have heard of Bitcoin. Bitcoin is the worlds first digital currency and it has been very popular over the last year! A lot of people have made large profits by buying Bitcoin for a low price and then selling it for a high price. Bitcoin is a currency, just like US Dollars, Japanese Yen or British Pounds. It can be bought, sold and exchanged for goods and services. When you go to the shops, you can either use paper money to buy items, or you can pay using your bank card. Whenever you use your bank card to make a payment, the money is taken from bank account balance. Bitcoin is very similar to that, except you are unable to receive it in its paper note form (like U.S Dollars). It is a peer-to-peer currency, meaning that there are no banks involved. All Bitcoin transa Continue reading >>