Bitcoin Analysts Compete For The Highest Price Forecast
Bloomberg the Company & Its Products Bloomberg Anywhere Remote LoginBloomberg Anywhere Login Bloomberg Terminal Demo Request Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Bitcoin Analysts Compete for the Highest Price Forecast Bank of America, Goldman, Morgan Stanley paying more attention Cryptocurrency has surged since development hurdle overcome Level39's Brabyn Says Bitcoin Is in a Bubble Even the skeptics cant avoid weighing in onbitcoin. It seems like everyone is coming up with a price forecast these days, with some of the biggest banks including Goldman Sachs Group Inc. jumping into the action, while speculators to long-time investors are also making their bets. The consensus is that the biggest cryptocurrency will face some resistance around $4,500 to $4,800 and correct, to then continue rallying. How high? Pantera Capital Managements Paul Veradittakit, Tom Lee at Fundstrat Global Advisors and John Spallanzani at GFI Group Inc. see it going to $6,000 by year-end, while Ronnie Moas at Standpoint Research says it will keep rising to $7,500 in 2018. Bitcoin has been on a tear this year, more than tripling in value as it crossed the $4,000 mark and touched a record $4,477 last week. Its since retreated about 7 percent from the high as investors took profit and assessed whether the rally had gone too far. Growing adoption and institutional investor interest, agreement on a mechanism to speed up transactions and regulatory steps t Continue reading >>
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 >>
What Are Your Predictions For Bitcoin As Of August 2017 All The Way To The End Of The Year?
What are your predictions for Bitcoin as of August 2017 all the way to the end of the year? Now that the hard fork has been successfully completed, and Bitcoin is back on the rise (currently @ ~$3,272 USD for 1 Bitcoin), it is safe to say that it will continue the rise/correction pattern that it has historically followed, given nothing goes horribly wrong. Obviously there will always be hurdles, as weve seen in the past, but Bitcoin has held up strong. Saying Bitcoin will go as high as $9,000 USD by the end of the year isnt realistic. A more reasonable expectation is for it to hold up its current $3,000+ USD price, probably capping somewhere between $4,000-$5,000 USD. The cryptocurrency to really keep an eye on now is Ethereum. Recent events and market uncertainty have left it grossly undervalued (currently @ ~$248 USD for 1 Ether), despite the fact that it now processes as many transactions per second as Bitcoin  and is superior from a technological standpoint. I would be surprised if it didnt at least hit $500 USD by end of year, though I wouldnt be surprised if it surpassed $1000 USD, given how undervalued it currently is. Either way, this is a very exciting time in the world of cryptocurrencies! Im sure my fellow Computer Scientists are all geeking out over this right now. Bitcoin is at all time high. After the recent fork, people expected it to fail and many people sold their Bitcoins but unfortunately for them it didnt work out according to their plans. Theres no other major changes scheduled for Bitcoin this year(so far), it is very much stable. Bitcoin has arose interest among people of all class, because Bitcoin is limited (16M in the market, maybe less after the fork). High demand, low supply will only point to price rise. People arent investing because th Continue reading >>
Bitcoin Price Prediction For 2017, 2018, 2019, 2020 And 2021 - Long Forecast
Bitcoin Price Prediction For 2017, 2018, 2019, 2020 And 2021 Bitcoin price equal to 16448 dollars a coin. Today's range: $15734 - $17269. The previous day close: $16334. The change was +114, +0.70%. Inverse rate: USD to BTC. Bitcoin Price Prediction For 2017, 2018, 2019, 2020 And 2021 Bitcoin price prediction for December 2017. In the beginning price at 9878 Dollars. Maximum price $24881, minimum price $9424. The average for the month $16859. Bitcoin price forecast at the end of the month $23253, change for December 135.4%. BTC to USD predictions for January 2018. In the beginning price at 23253 Dollars. Maximum price $28861, minimum price $23253. The average for the month $25585. Bitcoin price forecast at the end of the month $26973, change for January 16.0%. Bitcoin price prediction for February 2018. In the beginning price at 26973 Dollars. Maximum price $33479, minimum price $26973. The average for the month $29679. Bitcoin price forecast at the end of the month $31289, change for February 16.0%. In the beginning price at 31289 Dollars. Maximum price $38836, minimum price $31289. The average for the month $34427. Bitcoin price forecast at the end of the month $36295, change for March 16.0%. Bitcoin price prediction for April 2018. In the beginning price at 36295 Dollars. Maximum price $36295, minimum price $31241. The average for the month $34356. Bitcoin price forecast at the end of the month $33593, change for April -7.4%. Bitcoin Gold Price Prediction 2018, 2019-2021. In the beginning price at 33593 Dollars. Maximum price $41696, minimum price $33593. The average for the month $36963. Bitcoin price forecast at the end of the month $38968, change for May 16.0%. In the beginning price at 38968 Dollars. Maximum price $48367, minimum price $38968. The average for th Continue reading >>
Bitcoin Price Prediction 2017 Bit-media
Bitcoin News Today and the top story is that Goldman Sachs is informing its big money clients that its getting harder for institutional investors to ignore the cryptocurrency market. The total market cap for cryptocurrency has grown to more than $120 billion. Bitcoin has grown more than 200 percent this year and by $1000 in the past month. Fidelity users can now track their Bitcoin and cryptocurrency investments alongside more traditional assets.The R&D and innovation unit of Fidelity Investments is partnering with Coinbase Cryptocurrency Exchange, to make the feature Continue reading >>
Bitcoin Price Prediction - Is It Too Late To Buy At $4000+ Record Price?
Is It Too Late To Invest In Bitcoin At $4000+ Record Price? Bitcoin Cash Wasnt Such a Bad Thing and there is no certain thing such as bitcoin price prediction but is there any case for buying the crypto after the massive price rise? Although investors braced for impact when Bitcoin split on August 1 , it turns out they neednt have worried so much. The Bitcoin vs. Bitcoin Cash face-off ignited a rally that took BTC prices from $2,600 to over $4,000 in just a handful of weeks. Ruskies, Sanctions, And Bitcoin Coincidence? But is that the end of it? Bitcoin wandered as far as $4,477 last week before reverting to $3,929.24, sonaturallyinvestors are unsure how to proceed. These are uncharted waters. Its tempting to sell Bitcoin and head for the exits, but what if the price continues to soar? Therein lies the difficulty, dear reader. In investing, questions that start with "when" are harder to answer than ones that start with "what." Some traders, like George Soros for instance, need to experience a physical symptom before executing their trade. Sorosfamously made a billionaire-dollar bet because his back was hurting, which is not a strategy I would encourage anyone else to try. Other investors spend months researching a trade, mapping out all the probabilities and double-checking their favorite metrics. Whatever your style, the endgame is always the same:Buy low, sell high.That is the prism through which all investment decisions must shine. So ask yourself:At$4,000, does the Bitcoin price have unexplored upside potential? Can it double to $8,000 or is this the pinnacle of Bitcoins historic run? Only after answering these questions should you make your decision . Bitcoin Price Prediction - Does BTC Have More Room to the Upside? There are convincing arguments on both sides of Continue reading >>
Bitcoin Price Weekly Anlaysis (21st Of August, 2017)
Bitcoin Price Weekly Anlaysis (21st of August, 2017) Bitcoin price continued surging during the first half of last weeks trading sessions, to record a new historical high of $4,500 last Thursday, before the bears have taken over the reins of the market pulling price downwards to $3,904 on Saturday. The BTCUSD 24 hour trading volume exceeded $373 million on Thursday, as per data from blockchain.info . The decline in bitcoin price was associated with a sharp rise in the 24 hour trading volume, which reflects weakening of the bullish wave that has been dominating the market since the beginning of the month, as speculators and traders are closing their long positions to collect their profits. So, where can we expect bitcoin price to be heading during the upcoming week? Downwards Price Correction Is Prominent On the 4 Hour BTCUSD Chart: Lets take a look at the 4 hour BTCUSD chart from Bitfinex, while executing the Williams Alligator indicator, the MACD indicator and the Klinger Volume Oscillator (KVO) (look at the below chart). We can notice the following: We can now plot a Fibonacci retracement that extends between the low recorded on the 15th of July ($1,831.3) and the high recorded on the 17th of August ($4,500). As shown on the above chart, the 23.6% Fib retracement, which corresponds to the $3,870.2 price level, represents a strong support level that prevented further price drop several times during last weeks trading sessions, as evidenced by the long downwards shadows of the candlesticks near this price level. As such, we expect bitcoin price to drop towards this level, before the markets bulls could be able to take the upper hand again. The 24 hour BTCUSD trading volume has been higher than $200 million since last May, as shown on the below chart from blockchain.inf Continue reading >>
Bitcoin Predictions Paul Mcneal Medium
Over the years since 2013 (the year I first started to seriously pay attention to Bitcoin) there have been many and I mean MANY predictions of what will happen with the Crypto Currency. Id like to start a running blog on these predictions to see what actually pans out. If you follow me and this post you will be updated and if you find one I dont have I will add it. Lets see what time will tell us! Think about this: While there are roughly 35 million millionaires in the world, there will only ever be a maximum of 21 million Bitcoins. Thats right there will never be enough Bitcoins in existence for every millionaire in the world to own even a single one. David Dinkins, CoinTelegraph Bubbles: Did the Bubble already pop ? Will there be more bubbles or are we in the making of another now? How high can this go before we see another significant pull back? Seems the $10,000 level would be it? Continue reading >>
Bitcoin Price Prediction For 2017
Last updated on January 2nd, 2017 at 10:38 pm The following article represents the opinion of its author and does not constitute as investment advice. Bitcoin is a very volatile currency and youre putting your capital at risk when investing in it (just like any other investment). 2017 will be upon us soon enough, so it should come as no surprise that many bitcoin experts are looking ahead to the upcoming year. Given that bitcoin has built in features to encourage its price to rise over time, and given the growing acceptance of both non-government currencies and digital currencies, there are plenty of reasons to be optimistic. Understanding the anti-inflationary features of bitcoin is essential to understanding its price. Bitcoins price back in May weighed in at only about $450. In the run up to the new supply for mined blocks being cut in half bitcoins price began to rise, breaking the $750 mark in mid June. Bitcoins price has declined a bit since, but is still about $600, far higher than it was earlier this year. The Bitcoin reward for mining wont be halved until early July in 2020. Regardless, the bitcoins price will likely continue to trend up through 2017. This doesnt mean that bitcoin wont suffer setbacks, but the overall trend line will likely point up through 2017. Bitcoin Use Likely To Increase Dramatically in 2017 Juniper Research, a respected research firm, predicts that bitcoin transactions will triple in 2017, reaching $92 billion dollars. Juniper notes several factors that should encourage the increased adoption of bitcoin in 2016 and through 2017, including the fragility of the Chinese economy, the Brexit vote and on-going issues in Europe, including high unemployment and bad public finances, and numerous other issues. As national governments continue to Continue reading >>
Bitcoin Price Stays Above $4,000 - Will It Continue To Rise Or Will The 'bubble' Burst?
Bitcoin price stays above $4,000 - will it continue to rise or will the 'bubble' burst? Bitcoin price latest: Will it continue to rise?Credit:Bloomberg Bitcoin prices spiked to a record-breaking high of $4,500 this month , but will the value of the cryptocurrency continue to rise? The price of the digital currency, which is commonly associated with criminal activity such as drug dealing and cyber crime, has been trading at $4,264 today - a price which is has remained close to over the past few weeks. However, it did slumpback to just below $4,000 after a wave of record highs on Tuesday , a little reminder to investors about the digital currencys volatility. But what does the future hold for bitcoin? The unregulated nature of the currency makes it hard to predict if its price will continue to rise or if the bubble will burst. Register or log in to view this and other Technology Intelligence articles. It's free and easy to do. Access brilliant stories, features and analysis Sign up to our exclusive Technology Intelligence daily newsletter Become part of our ambitious new Tech networking community Continue reading >>
Bitcoin Price Heading To $6,000 By But Brace For Volatility, Experts Say
Bitcoin could rally nearly 40 percent to hit $6,000 before the end of the year but investors should brace for more volatility, according to industry experts. The cryptocurrency was trading around $4,333 on Tuesday. The third quarter has been one of the most eventful in bitcoin's history. It is up over 74 percent in the September quarter, with a shifting landscape in regulation and developments in the underlying technology taking place in the last three months. Here's what has happened so far and what experts think is coming next. Bitcoin faced record-high transaction times due to congestion on the network. To solve that, the amount of data that could be processed in one transaction needed to increase. But the community was divided on how to solve this. This resulted in a "fork" earlier this year that split bitcoin in two. Bitcoin remained, but a new crytocurrency called bitcoin cash was created . On the core bitcoin network, an upgrade known as SegWit2X was implemented, which would help increase the transaction speed. The full back story can be read here . Bitcoin's market cap is about 10 times that of bitcoin cash. Since it started trading at the beginning of August, bitcoin cash has risen to nearly $900 before falling to current levels of around $402, according to Coinmarketcap.com . China was once the dominant driver of the bitcoin price. But regulators in the country have been cracking down on the cryptocurrency, banning so-called initial coin offerings (ICOs) where companies raise money through cryptocurrencies. China's major bitcoin exchanges OKCoin, Huobi and BTCChina have halted trading for customers on the mainland. At the start of the quarter, Chinese yuan accounted for around 17 percent of bitcoin trade globally, according to industry website CryptoCompare . Continue reading >>
Bitcoin Price Prediction For 2017, 2018 And 2019
2017/08/24. Bitcoin price prediction for next months and years. Current Bitcoin price equal to 4224.99 Dollars per 1 Bitcoin. Day's range 4151.48-4242.73. Previous day's price 4164.00, change 1,46%. Bitcoin price prediction for August 2017. The price for beginning of August 2861 Dollars. The predicted maximum price 4468 and minimum 2650. Averaged price for month 3528. Bitcoin at the end 4133, change for August 44.46%. BTC to USD prediction for September 2017. The price for beginning of September 4133 Dollars. The predicted maximum price 4719 and minimum 4101. Averaged price for month 4341. Bitcoin at the end 4410, change for September 6.70%. Bitcoin price prediction for October 2017. The price for beginning of October 4410 Dollars. The predicted maximum price 5474 and minimum 4410. Averaged price for month 4853. Bitcoin at the end 5116, change for October 16.01%. The price for beginning of November 5116 Dollars. The predicted maximum price 6350 and minimum 5116. Averaged price for month 5629. Bitcoin at the end 5935, change for November 16.01%. Bitcoin price prediction for December 2017. The price for beginning of December 5935 Dollars. The predicted maximum price 5935 and minimum 4957. Averaged price for month 5539. Bitcoin at the end 5330, change for December -10.19%. The price for beginning of January 5330 Dollars. The predicted maximum price 6616 and minimum 5330. Averaged price for month 5865. Bitcoin at the end 6183, change for January 16.00%. Bitcoin price prediction for February 2018. The price for beginning of February 6183 Dollars. The predicted maximum price 6622 and minimum 5756. Averaged price for month 6188. Bitcoin at the end 6189, change for February 0.10%. The price for beginning of March 6189 Dollars. The predicted maximum price 7682 and minimum 6189. Continue reading >>
Bitcoin Price Prediction August 2017
Bitcoin has been the hot topic of the year. Beginning January 1st, 2017, Bitcoin was just a bit above $960 per BTC, according to coinmarketcap.com (when you narrow the graph), and it has since soared to over $4,300 just by August 15th, 2017! Thats roughly a 4.5x increase in only 7 1/2 months! Early Bitcoin investors must be going crazy about now, if they werent already several months ago. And thats not all, Bitcoins history at the beginning, started as being practically worthless. Then there was the historic moment on May 22nd, 2010, when 2 pizzas worth about $25 dollars were purchased with 10,000 BTCs! Those same digital tokens would be worth over $43,000,000 US dollars today, only about 7 years later! Its had many drops and rises, but the short history of this young, pioneering, cryptocurrency, has been up (ok, with a long slouch in the middle). More details about its bumpy ride can be read at 99bitcoins.com . Lets take a look at what experts and layman alike are predicting for this digital currency, dubbed digital gold in a metaphorical sense of course (were the real digital gold) Even with rising prices, its been a wild ride, with millions of dollars being made and lost as the price goes up and down. At least as close as last month, July, there was still (and probably still is) concern that Bitcoin may be in a Bubble. According to an article by Fortune.com , on the 11th of July, 2017, BlackRocks top economists think that Bitcoin and Ethereum look like a bubble. BlackRock is a $5 trillion dollar asset manager, so theyre no foreigners to charts and statistics. And we all know what happened with the Housing Bubble. According to the article: Richard Turnill, BlackRocks global chief investment strategist, waded into what he called dangerous territory. I look at blockcha Continue reading >>
Get Ready. Renowned Bitcoin Trader Says The Currency Will Hit $15,000 In 2017.
Get Ready. Renowned Bitcoin Trader Says the Currency Will Hit $15,000 in 2017. A bitcoin trader with a reputation for accurate predictions now claims the cryptocurrency will be worth $15,000 before the end of 2017. Masterluc expects the value to continue to increase until 2019, at which point it will top out somewhere between $40,000 and $110,000. Late last week, the price of bitcoin rose beyond $3,500 , and it currently sits slightly above$4,200 . While some are skeptical of this steady increase in value , according to an expert observer,itwont be endingany time soon. Veteran trader masterluc predicts that bitcoin will be worth $15,000 before the end of the year. He believe the cryptocurrencys current bull run will then continue into 2019, at which point its price will top out somewhere between $40,000 and $110,000. Masterluc has historically been adept at predicting bitcoins future value. He was able to accurately predict in March 2013 that the crypto would enter into a bear market in November 2013, and then in May 2015, he made a prediction that proved to be just slightly off point,missing the start of the cryptos current surge by just two months. Masterluc isnt the only pundit expectingbitcoin to go from strength to strength. Earlier this month, Goldman Sachs analyst Sheba Jafari predicted that the currency could reach $4,800 , having previously forecast a highof $3,691 as recently as July. Bitcoin is on a roll at the moment, and predicting when this run will start to drop off is no easy task. Masterluc has a history of being right in his predictions, and many experts agree that the uptick will continue for at least a little while longer, which could have some major ramifications for traditional currency . Disclosure: Several members of the Futurism team, including Continue reading >>
Bitcoin Price Prediction Until August 2019
We believe that a combination of price analysis and fundamental analysis is the most appropriate way to come up with a legitimate Bitcoin prediction. The price for the beginning of October 4334 Dollars. The predicted maximum price 4478 and minimum 3892. Average price for month 4222. Bitcoin at the end 4185, change for October -3.44%. The price for the beginning of November 4185 Dollars. The predicted maximum price 5195 and minimum 4185. Average price for month 4605. Bitcoin at the end 4855, change for November 16.01%. Fundamentally, the bitcoin usage data look great: usage of bitcoins keeps on increasing, and that is exactly what it fundamentally is all about. Because of the fact that bitcoin is a form of money, the widening acceptance of bitcoin is the most fundamentaldata point to consider. Continue reading >>