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Will Bitcoin Crash Again 2017

Bitcoin Predictions For 2017

Bitcoin Predictions For 2017

Bitcoin (BTC), the world's largest and most widely used cryptocurrency , has only been around for a handful of years - since 2009. 2016 proved to be a good year for the digital currency, more than doubling over the course of the year from around $400 to just under $1,000. Some analysts predict that 2017 will be another banner year, while others are more skeptical and calling this recent rise a bubble that is waiting to burst. (See also: Bitcoin's Price History ) In 2015, Bitcoin had risen modestly, from $313 to $431, a 37% rise, kicking off a year of steady growth throughout 2016. In last year's Investopedia article looking at how 2016 would shape up, many predictions proved to be correct: increased demand did come from China as capital controls did tighten and regulators continued to devalue the Yuan systematically. However, predictions that venture capital (VC) investment would rise fell a bit flat: bitcoin-related companies raised nearly $500 million in total in 2015, but only around $350 million in 2016. (Look back at: The Outlook for Bitcoin in 2016 ) 2016 also saw relative price stability in Bitcoin, as its price rose steadily and with lower volatility than had been experienced in the past, and it also gained wider acceptance and legitimacy as a means of payment. Plagued by negative image problems surrounding its use for illegal or illicit transactions such as for drugs and money laundering, a 2016 research paper showed that the transactions occurring on the Bitcoin network became more and more legitimized with far less suspect activity as the Bitcoin economy has grown and matured. 2016 also saw the second so-called halving of the Bitcoin block reward, the number of bitcoins found in each block. Set to automatically reduce by 50% approximately every four years, i Continue reading >>

Yes, Bitcoin Crashed. But Another Big Cryptocurrency Is Pushing Record Highs Again

Yes, Bitcoin Crashed. But Another Big Cryptocurrency Is Pushing Record Highs Again

Yes, Bitcoin Crashed. But Another Big Cryptocurrency Is Pushing Record Highs Again The most well-known digital currency soared in 2017 before falling back a bit, but a lesser known, more powerful crypto is still flying. Eric Mack writes about what's coming next in science, technology, and other areas of innovation. He's reported from around the world for NPR, CBS News, Wired, AOL, and many others since the turn of the century. He's also a speaker, a radio producer, a podcaster, an author, a husband, a father, and a charter school co-founder. He feels physically weak when he's away from the Rocky Mountains. What a crazy ride 2017 was for anyone holding some bitcoin . Around November, I finally located the fraction of one that I had forgotten about sometime in mid-2014 and watched as the cryptocurrency's value nearly hit $20,000 in December before dropping by nearly half to its current (still remarkable) price. Bitcoin and many other so called " alt-coins" like Ripple , Bitcoin Cash, and hundreds of other digital currencies (ranging from potentially revolutionary to scammycash grabs) underwent a painful price correction in January following dizzying exponential growth in 2017. Many of these cryptocurrenciesare still worth several times what they were a year ago, despite being down roughly 40 to 70 percent from their highest prices in many cases. But the second-largest cryptocurrency, measured by total market cap, has been defying the trend of the last month and is once again approaching a record high price while most others languish and stumble side to side. Ethereum' s ether token was trading for over $1,200 on the Coinbase exchange Sunday, coming within striking distance of the all-time high of $1,338 set last month. Meanwhile, bitcoin's price has tumbled all the way b Continue reading >>

Ask Hn: Will Bitcoin Price Collapse Again In 2017? | Hacker News

Ask Hn: Will Bitcoin Price Collapse Again In 2017? | Hacker News

Ask HN: Will Bitcoin price collapse again in 2017? not this time. Think of all of the buyers - people wanting bitcoin. Now think of who is selling at this price - I don't see a compelling reason to sell. More buyers and not enough sellers = price goes up. "It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower" - William O'Neil What you really want to know is whether to buy now or not and there is no answer for that. But as others pointed out, bitcoin & cia is no longer a crazy idea from Internet. It is now a deeply studied idea that has been around for quite a long time, so people started to trust in it, and after all, this is mainly a matter of confidence. As Bitcoin price increases, there will most likely be attempts at achieving virtual heist of exchanges. Usually the Bitcoin price goes down right after a big one. If exchanges are not maintaining good security practices, it will happen sooner than later. Since the value is based on confidence and it is not backed by anything ... who knows? Same sentence applies to fiat currency too although there is so much interest in keeping those stable that they are unlikely to tank. If something (a commodity) has limited supply and there is non-zero demand => it has a value. Demand for fiat currencies is at least generated by legal tender laws (you need it to pay taxes). Demand for bitcoin is at least generated by the need to publish some information in a global immutable distributed censorship-proof table. Those two sources of demand are the fundamental ones (I would say intrinsic). There definitely are more. Some demand is for example generated by "store of value" function or "medium of exchange" function. These functions emerge as secondary Continue reading >>

Bitcoin Price: Will Bitcoin Crash Today? Bitcoin Price Plummets Has The Bubble Burst?

Bitcoin Price: Will Bitcoin Crash Today? Bitcoin Price Plummets Has The Bubble Burst?

BITCOIN price LIVE: Cryptocurrency CRUMBLES before Christmas Mr Khalaf said: Its a very volatile asset so its movement upward has been very sharp over the course of the year. But equally the falls that we have seen on a daily basis and weekly basis have been pretty sharp as well. Will it continue to fall? Who knows really. He said that he has absolutely no idea whether the currency will continue to crash or if it will go up again today or in coming weeks. There are ongoing concerns about the high volatility of the cryptocurrency with critics warning that bitcoin could be a bubble about to burst. Bitcoin price: Will bitcoin crash today? Price of bitcoin plummets - Has the bubble burst? Neil Wilson, senior market analyst at ETX Capital, said: "Has the bubble finally popped? It's hard to see the bell tolling just yet. "Large price swings have become so normal that it's hard to decide - we can easily see this market bounce back in very short order. "Whilst there have been some hacks, public infighting in the mining community, lots of rumoured forks and regulatory pressure building on some fronts, this is likely to be a simple bout of risk-off selling as investors rebalance towards year-end. "It looks like it's time to cash in the gains and spend the winnings on a bumper Christmas." JPMorgan Chase head Jamie Dimon is one of Bitcoin's harshest critics Bitcoin s latest price drop comes after a recent boost due to the launch of bitcoin futures on two exchanges, giving investors exposure to the bitcoin market. US cryptocurrency trading platform Coinbase announced on Tuesday evening that it would start to allow users to buy and sell bitcoin cash. On Wednesday Brian Armstrong, co-founder and CEO at Coinbase, said it was investigating whether its employees used insider knowledge t Continue reading >>

Bitcoin Price Crash 2017: What Caused $1,000 Price Drop In November? | Inverse

Bitcoin Price Crash 2017: What Caused $1,000 Price Drop In November? | Inverse

The revolution will not be televised. It'll be sent to your inbox by us. Bitcoin suffered a major price drop on Friday, with arguments over how to upgrade the cryptocurrency leading to buyers playing off against each other to try and profit. On the Bitstamp exchange, bitcoin dropped to $6,800 at 7 a.m. Eastern time, before settling a few minutes later at a price of $6,870. Its a sudden drop for a cryptocurrency that only just marked an all-time high, reaching $7,888 on Wednesday. Bitcoin cash , on the other hand, surged up 35 percent to reach $850. This is a cryptocurrency that split off, or forked, from the existing bitcoin on August 1, the culmination of two years worth of arguments about the future of the currency. Bitcoins block size is only around one megabyte, which means that transactions are relatively slow. Among other changes, bitcoin cash ups the block size to eight megabytes. You can see people playing back and forth between bitcoin and bitcoin cash trading depending on where they think near-term catalysts may be, Chris Burniske, author of Cryptoassets: The Innovative Investors Guide to Bitcoin and Beyond, told CNBC . See also: This Teen Quit School and Made a Million on Bitcoin Investors see potential cryptocurrency splits as a way of boosting their investment, as they receive some of the new coin in the process. Following a split, theres the possibility that prices rise as investors feel confident once the dust settles. Bitcoin was potentially on the verge of such a dramatic change, called SegWit2X. If it went ahead, next Friday would have forked bitcoins blockchain again, with the new version supporting block sizes of two megabytes. A plan called BIP 91 was hailed as a solution that would have maintained compatibility and stopped two parallel currencies Continue reading >>

Three Reasons To Fear The Coming Crash In Bitcoins - Marketwatch

Three Reasons To Fear The Coming Crash In Bitcoins - Marketwatch

Also read: 4 reasons bitcoin still isnt mainstream If you were lucky enough, or smart enough, to load up on some bitcoins early, you will be feeling a lot wealthier heading into the summer. On Monday, the value of bitcoin BTCUSD, +0.44% raced up close to $2,200, an all-time high. By Wednesday it was soaring over $2,400. If you had put $1,000 in the electronic currency in 2010, it would be worth an extraordinary $38 million ( up from $35 million on Monday and compared to $2,500 if you had put it into the S&P 500 SPX, +0.85% ). Not many people were ever going to be that quick off the mark, but if you had loaded up on a few when the price last crashed in 2014 you would have almost quadrupled your money. In the last month alone, the price has risen by 87%, and there is little sign of it stopping there. There are plenty of solid reasons why bitcoins are going up in price. It is growing in importance, along with other cryptocurrencies, as more and more companies accept it as a means of payment, and as regulators start to accept it as a legitimate investment. It may well start to break out of a small techno world, and become a mainstream asset, like the dollar, or equities, gold or bonds. Even so, 87% in a month is not a normal price movement. In reality, no one really needs to spend time debating whether its a bubble or not. It is just obvious. The interesting question is what will be the consequences of that, and how much damage it might do when it bursts. On one level, the answer might be not much. For all the hype and hoopla around electronic currencies, they are not yet a huge financial deal. There are 16 million bitcoins out there , and they currently have a combined value of $35 billion. Okay, so that might be $40 billion or even $50 billion by the time you get around Continue reading >>

The Chance Of A Bitcoin Crash Is Greater Than 80% - Marketwatch

The Chance Of A Bitcoin Crash Is Greater Than 80% - Marketwatch

Theres a greater-than-80% chance that bitcoin will soon crash. To be sure, mine is not the first column to suggest that a bitcoin BTCUSD, -0.26% crash is imminent, especially as bitcoins price tops $10,000. But you may not realize just how high the probability of a crash has become. The reason I am able to estimate a crashs probability is a recent study of what has happened on prior occasions when an assets price has skyrocketed . Bitcoins extraordinary price run-up far exceeds the threshold for when a crash becomes nearly certain. This study, titled Bubbles for Fama , was published earlier this year by the National Bureau of Economic Research. Its authors are Robin Greenwood, a finance and banking professor at Harvard Business School and chair of its Behavioral Finance and Financial Stability project; Andrei Shleifer, an economics professor at Harvard University; and Yang You, a Ph.D. candidate at that institution. The researchers defined a bubble as a sharp price run-up over a two-year followed by at least a 40% drop over the subsequent two years. When the price run-up is 100% or more, they found the probability of a crash becomes 50%. When focusing on price run-ups of at least 150%, that probability becomes 80%. As price run-ups become even bigger, a crash becomes nearly certain. (See chart.) To put those thresholds in context, consider that bitcoins runup over the last two years is nearly 2,500%. Thats more than 10 times greater than the threshold the researchers found was associated with a near certain subsequent crash. To be sure, the authors focused on the stock market in their study, not crypto-currencies. But I nevertheless am confident that their conclusions apply to bitcoin too, since they analyzed nearly a centurys worth of historical data, both in the U.S. Continue reading >>

2017 Bitcoin Price Forecast Summary

2017 Bitcoin Price Forecast Summary

2017 Bitcoin Price Forecast: Will Bitcoin crash? How CryptoKitties affect Ethereum price? Ethereum and Bitcoin analysis While many expected Bitcoin crash in 2017, in our private cryptocurrency investment club 2017 Bitcoin Price Forecast was set to surpass $2650. Now the question is will Bitcoin crash again? 25 May, AtoZForex Of course Bitcoin involves risk, however its current reward opportunity attract more and more novice investors. Like everything else, Bitcoin prices are also driven by supply and demand. When there is too much Bitcoin demand, while Bitcoin supply is limited, the price of Bitcoin will ultimately rise. Indeed, this was the reasoning in the first part of our 2017 Bitcoin Price forecast. Buy Bitcoin to sell! Why Bitcoin Price keeps on increasing? Simple reasons Why Bitcoin price rise? Reason 1: There are limits on how many bitcoins can ever exist. Meanwhile, there are more and more people trying to get some Bitcoins. Economics 101: Constant supply + increasing demand = higher prices Why Bitcoin price rise? Reason 2: Mining Bitcoin (See: Top 10 Bitcoin Miners ) becomes harder and harder, less new supply in the market Why Bitcoin price rise? Reason 3: It is the only payment solution without a third party involved. As the world becomes more and more tracked and traced, more people look into privacy. Especially, financial privacy. Most important part is that, there are more and more countries where bitcoin is legal . Weve used double analytic method in our 2017 Bitcoin price forecast. You probably are wondering what is double analytic method, right? Double analytic method is based on supply & demand + technical outlook. Thus based on 2017 bitcoin price forecast we have looked into where does the Bitcoin demand come from, the volume involved and of course t Continue reading >>

Bitcoin's Crash Could Be Epic -- Here's The Price One Firm Sees

Bitcoin's Crash Could Be Epic -- Here's The Price One Firm Sees

Bitcoin's Crash Could Be Epic -- Here's the Price One Firm Sees One prominent investment firm predicts Bitcoin prices will rise, a lot. Bitcoin prices have already reached $4,400 , reaching that level on August 14, before sliding back down to its current level of $4,137. Some analysts say growth remains in the forecast for Bitcoin. In fact, Goldman Sachs technology strategist Sheba Jafari, who predicted the cryptocurrency would crest $3,900 in June, now says Bitcoin is headed to $4,800 by the end of the year, before a "massive correction" occurs, sending prices plummeting down to $2,200. That's quite a scenario, but given the high rise of Bitcoin, and its unregulated market model, Jafari may well be right again. Does This Move in Gold Signal End of the World Type Stuff? "It's very possible that Bitcoin will exceed the $4,800 forecast by year end," says Edward Anderson, chief sales officer at London-based FxPro. "Usage is increasing and supply is limited, which will most likely force prices higher. However, with the cryptocurrency exchanges being unregulated, there is always a concern around market abuse and consequences such as flash crashes." "The underlying trend suggests higher price levels but traders are wary that the bull run could end at a moment's notice," Anderson adds. Other investment specialists say that , while the price of Bitcoin has been predicted to rise to $4,800 by end of the year, the value of Bitcoin goes beyond simple fiat value. "In that regard, I think they're aiming too low [with Bitcoin price estimates]," says Gavin Marshall, the founder of Sharebit, a blockchain-based app that enables users to register, manage, track and transfer shares in both legal and informal entities. Simplistically, Bitcoin's market value is a result of supply and deman Continue reading >>

Bitcoin Crashes To Below $6,000 - But You Can Still Make Money From It

Bitcoin Crashes To Below $6,000 - But You Can Still Make Money From It

Bitcoin crashes to below $6,000 - but you can still make money from it In the past week Bitcoin has lost $4,000 - and is now worth less than a third of it's peak price in December. But given the cyber-currency is still up 500% in a year, is this just the beginning of the fall? Could not subscribe, try again laterInvalid Email Ten years ago Bitcoin didn't exist. Five years ago they cost $12 each. 12 months ago they were almost $1,000 and just six weeks ago they were worth almost $20,000 each. Since December's high Bitcoin's price has dropped by more than two thirds - losing more than $13,000 in value - in the past week alone $4,000 has been wiped from the price according to figures from Coinbase . That's a fall of 24% in a day, 40% in a week and more than 60% in the past month, according to Coinbase figures. In the past 24 hours the price even dipped to below $6,000. That means it lost more money yesterday than it took five years to add to its worth. At the time of writing the price is $6,085 - that's the lowest since Ovtober last year. But is this the beginning of the end for the cryptocurrency or just a blip on its ascent? The beginning of the end or the end of the beginning? The good news for people who believe in the future of Bitcoin is that this is a pretty classic price drop for the cryptocurrency. When traditional shares or currencies rise over time, there are points where people who've bought them to make money sell some of their holding. It's called profit taking and tends to happen at key price levels. Bitcoins have risen in price astronomically this year (Image: Reuters) Two months ago Bitcoin broke through $10,000 (7,421) and the people looking to cash in some of their growth took money out. The price fell for a bit as a result, then surged on again to$18,0 Continue reading >>

Bitcoin: Is It A Bubble Waiting To Burst Or A Good Investment?

Bitcoin: Is It A Bubble Waiting To Burst Or A Good Investment?

Bitcoin: is it a bubble waiting to burst or a good investment? Disciples of the cryptocurrency plan to hold on for dear life but traditional finance is getting twitchy Bitcoin has risen 900% in value in 2017.Photograph: Dado Ruvic/Reuters Bitcoin: is it a bubble waiting to burst or a good investment? Disciples of the cryptocurrency plan to hold on for dear life but traditional finance is getting twitchy Last modified on Monday 11 December 2017 05.29EST Bitcoin is the fastest-growing asset in the world this year, but the virtual currency does not appear to have many users in Londons tech district. It has been more than a month since bitcoin was used to buy a flat white or craft beer sold at the Old Shoreditch Station, according to the hospitality manager at the east London bar. What is bitcoin and is it a bad investment? Bitcoin is the first, and the biggest, "cryptocurrency" a decentralised tradable digital asset. Whether it's a bad investment is the big question . Bitcoin can only be used as a medium of exchange and in practice has been far more important for the dark economy than it has for most legitimate uses. The lack of any central authority makes bitcoin remarkably resilient to censorship, corruption or regulation. That means it has attracted a range of backers, from libertarian monetarists who enjoy the idea of a currency with no inflation and no central bank, to drug dealers who like the fact that it's hard (but not impossible) to trace a bitcoin transaction back to a physical person. Louis Chauvin admits he cannot find the iPad that is used by staff for processing bitcoin payments, as he resumes serving customers queueing to pay with their contactless bank cards. Although the establishment sits in the capitals buzzing tech hub, and is advertised online as one Continue reading >>

Bitcoin Price Falls Again After Worst Daily Crash In Months | Fortune

Bitcoin Price Falls Again After Worst Daily Crash In Months | Fortune

Read More: Frances Newly-Appointed Monsieur Bitcoin Is a Notable Cryptocurrency Skeptic At its lows on Tuesday , bitcoin had fallen 25% in the session, its biggest daily decline in four months. It was a far cry from its peak close to $20,000 in December, when the virtual currency had risen nearly 2000% over the year. Bitcoin has plummeted before. Marc Singer, an adviser at Singer Xenos in Miami, noted bitcoin fell 93% in value over a five-month period in 2011. The last time bitcoin more than halved in value was from November 2014 to January 2015. Tuesdays decline followed reports that South Koreas finance minister had said banning trading in cryptocurrencies was still an option and that the government plans a set of measures to clamp down on the irrational cryptocurrency investment craze. Separately, a senior Chinese central banker said authorities should ban centralized trading of virtual currencies as well as individuals and businesses that provide related services. Bitcoin is deciding whether this is the moment to crash and burn, said Steven Englander, head of strategy at New York-based Rafiki Capital. My conjecture is that cryptocurrency holders are trying to decide whether to abandon bitcoin because its limitations mean it will be superseded by better products or bet that it can thrive despite them. Cryptocurrencies enjoyed a bumper year in 2017 as mainstream investors entered the market and as an explosion in so-called initial coin offerings (ICOs) digital, token-based fundraising rounds drove demand. While many observers say the recent falls show that the bubble has burst, those backing the nascent markets say that regulation is welcomed and wild price swings to be expected. The volatility of bitcoin and other crypto currencies is an expected, and important, par Continue reading >>

5 Burning Questions For Bitcoin Investors In 2018

5 Burning Questions For Bitcoin Investors In 2018

5 Burning Questions for Bitcoin Investors in 2018 Even investors who wouldnt dare buy Bitcoin wonder how long its bull run will last . The answers to these questions could determine when the party ends. The lack of a regulatory road map has kept big financial institutions and asset managers from investing in cryptocurrencies. But new products are removing those hurdles , and bulls believe Bitcoins value could grow by many more multiples as Wall Street joins the fray. Price drops of 20% or more have been routine for Bitcoin, and some have hurt more than others. After then-dominant exchange Mt. Gox was shut down by a massive hack in 2014, investors wariness about security kept prices in bear-market territory for two years. A comparably huge crisis could scare casual investors away. Chinese regulators have cracked down on Bitcoin before, and concerns about speculation and leverage could lead them to do so againsidelining some of the assets most avid traders. Bitcoin is the oldest and most valuable cryptocurrency, but a crop of nimble competitors , including Ethereum and Bitcoin Cash, could lure investors away. 5. Will Bitcoin Gain Traction as a Currency? Many Bitcoin fans believe it will become a true global currency, one that you could spend on sandwiches or scarves the same way youd use Visa or MasterCard today. Few people envision that happening soon, but if and when it did, it might be the end of Bitcoins huge price surge; for the digital coin to be useful as a currency, its value would have to stabilize. A version of this post appears as a sidebar in the article How High Can Bitcoins Price Go in 2018? in the Jan. 1, 2018 issue of Fortune. Continue reading >>

7 Things That Could Make Bitcoin Crash To $1,000 Or Less

7 Things That Could Make Bitcoin Crash To $1,000 Or Less

7 Things That Could Make Bitcoin Crash to $1,000 or Less Bitcoin seems to do nothing but get more valuable, but it could certainly go the other way. Bitcoin is up by roughly 1,800% in 2017 as of this writing, and experts have projected that it could reach as high as $1 million. However, that's just one side of the argument. Any responsible investor needs to consider both ends of the realm of possibilities -- in this case, it's certainly possible for bitcoin to go much higher if things go well, but there are several reasons it could come crashing down, so let's take a look at some of them. Also, keep in mind that a $1,000 bitcoin value was seen as high not too long ago. In fact, bitcoin's rise has been so rapid that the digital currency could crash to $1,000 and still be higher for 2017. And under any of these circumstances, or a combination of them, it's not inconceivable for bitcoin to give back its gains and then some. Bitcoin's price has gone nearly straight up for much of 2017, so it's fair to say that there are quite a few people out there sitting on some major profits. At the end of the day, bitcoin's price is governed by the same basic dynamic that determines the price of almost everything else: supply and demand. It's also fair to assume that at some point, people who bought bitcoin a while ago are going to start taking some profits. If a significant amount of bitcoins starts to be sold, to the point where the supply on the market exceeds demand, it could put significant downward pressure on the price of bitcoin until equilibrium is achieved. 2. Speculators lose interest (or run out of money) The other side of the supply and demand equation is the speculators that is, the people who are buying bitcoin in the hopes the digital currency will be worth more in the Continue reading >>

Bitcoin Price Charts Show Trouble Ahead - Business Insider

Bitcoin Price Charts Show Trouble Ahead - Business Insider

A Bitcoin sign is seen in a window in Toronto Thomson Reuters Let me be clear: I do not trade bitcoin, but I do write about it often. Before going into journalism, I spent my days trading. I learned a lot about technical analysis during that time, and right now, technical analysis spells huge trouble ahead for the cryptocurrency. Let's recap what hasbeen going on in the bitcoin market so far this year. Bitcoin rallied 120% in 2016 and has been the top-performing currency in each of the last two years. It opened 2017 by gaining 20% in the first week before crashing 35% on news that China was going to consider clamping down on trading. Since then, bitcoin has ripped higher by more than 50% even in the face of several pieces of bad news. First, China's biggest bitcoin exchanges said they were going to start charging a 0.2% fee on all transactions (previously there was no fee). This was significant as nearly 100% of bitcoin's trading volume takes places on China's exchanges. Then, China's biggest exchanges said they were going to block withdrawals from trading accounts. It put in a record high of $1,327 a coin on March 10 as traders piled in ahead of the US Securities and Exchange Commission's ruling on the Winklevoss twins' bitcoin exchange-traded fund (ETF). The SEC denied the ETF. There are two more SEC rulings on the way, the next being on March 30. Neither one is expected to pass. That ruling sent bitcoin crashing 16% lower, but again it was ultimately resilient in the face of bad news. Pricessnapped back up in overnight trade and ended the following session above the previous day's opening price. All of those ups and downs, though, have left the cryptocurrency in a precarious position. Take a look at a bitcoin chart: The chart pattern appears to be putting in a class Continue reading >>

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