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Bitcoin Price Prediction

Top 4 Bitcoin Price Predictions For 2018

Top 4 Bitcoin Price Predictions For 2018

Related: Top 9 Bitcoin Trading Boots in 2018 Given the way Bitcoins price has skyrocketed over the past year, it is very difficult to discern the fundamentals that can help us figure out its inherent value. As a matter of fact, when I started researching this article, the price of a single Bitcoin was around $12,000,2 days and halfan article later, the price of the same Bitcoin stand at $17,500 $ and now when I am updating this article the price is $9,482. Furthermore, the way Bitcoin has been breaking through all previous expectations has rendered any attempt at using technical analysis to make Bitcoin price predictions for 2018 irrelevant. Nevertheless, there are a few factors that should affect the cryptocurrencys price going forward: 1. Rate of adoption:Metcalfes law states that the value of a network increases as the number of users on said network increases, and this is somewhat applicable to Bitcoin as well. 2. Underlying technology:Although Bitcoin is built on Blockchain technology, it is somewhat inferior from a technological perspective to other cryptocurrencies built on the same platform. 3. The appearance of other competing cryptocurrencies:With more and more digital coins surfacing on the scene, the argument for using Bitcoin as a means of transactions is becoming less justifiable. 4. The use of futures:Creating a futures market for trading Bitcoins will have a profound effect on the young currency. 5. Regulation:Regulation is inevitable; however, its effects are uncertain, rendering any Bitcoin predictions suspect at best. Bearing all of this in mind, lets take a look at the top 4 Bitcoin price predictions for 2018: 1. Bitcoins Price Will Surpass the $100,000 Mark by Mid-2018 Originally, the dominant Bitcoin price prediction was that Bitcoin would reach t Continue reading >>

Bitcoin Price Prediction: Will Bitcoin Crash Or Rise?

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 >>

Bitcoin Price Prediction For Today: $9200 As Key Value To Regain Composure

Bitcoin Price Prediction For Today: $9200 As Key Value To Regain Composure

Bitcoin Price Prediction for today: $9200 as key value to regain composure Despite some turning pattern formation and a possible scenario favorable to the bulls, price confirmation is still needed for Bitcoin bulls Key support level to watch is at $7390 as the last barrier before February's lows at $6000 I remember well the night of March 9th 2009. The US stock indices had been falling non-stopfor weeks and panic had taken over the markets. But that night we witnessed one of the biggest market interventions in history. S&P500 was around 650 and President Obama stepped up. During his live speech, committing to bring back calm to the markets, everything stopped. Nobody was trading, everyone in the markets listening to the POTUS. After he finished his speech, everything had changed. We started to see in our Times&Sales window multiplebuy orders in the SPY (an ETF for S&P500), big orders for more than 500k units, around $350 milion per order. There were many and very well placed. Word out there had the Fed itself entering the market, "the hand of God". We already what happend afterwards. The Fed doesn't intervene in the Crypto sphere , neither do it the big banks. There is no hand of God. We are not about to see gigantic buy orders to intimidate bears. This is a much more transparent market, free from manipulations, but also much more fragile. I'm telling this story just to put some perspective on a possible bullish turn. If you are expecting such a move, some price action that ends the bearish run in Cryptos and propells the prices way up, it's probably not going to happen. Bitcoin is trading around $8400 after trying and failing to break above the 50-EMA. Below there, support can be found around $8100 at first, followed by $7950, $7590 and $7390 at last. Doors to more ag Continue reading >>

Bitcoin Prediction: Up To $26207.850! - Btc/usd Forecast, Long-term & Short-term Price Prognosis

Bitcoin Prediction: Up To $26207.850! - Btc/usd Forecast, Long-term & Short-term Price Prognosis

Bitcoin Price: Almost $10 000 Now What's Next? As to the possible Bitcoin price change in the future Mark Dukas shared his opinion with Coinidol: From a technical analyst view Bitcoin's mid-term price support on the 720 min chart (2 bars per day) is currently at $7 431.00. New resistance is now $9 721 and price support sits at $5 555.00. Look for another small push down before prices takes off through $10 000 USD. Be sure to check out volume moving the price to see the legs this next move has. A mind-blowing number came out of the Coinbase camp: 33 000 new users every day are signing up. The amount of Bitcoin mined per day: 1 800. Math and numbers don't lie. Look for $10 000 plus and cryptocurrency market cap as a whole to reach half a trillion dollars in 2018. The full article: Term Box:Best Bitcoin forecast,Bitcoin price prediction,Bitcoin coin forecast,Bitcoin finance tips,Bitcoin cryptocurrency prediction,BTC analyst report,Bitcoin price predictions 2018,BTC currency forecast,Bitcoin forecast tomorrow,Bitcoin technical analysis,Bitcoin coin future price,BTC projections,Bitcoin market prognosis,Bitcoin expected price. Question Box:How Bitcoin cryptocurrency price increase?Will Bitcoin price go up?Will BTC price fall?Will Bitcoin price drop?Will Bitcoin price rise?Is BTC price going up?Is BTC a profitable investment?Is Bitcoin price going to drop?When Bitcoin price will fall?When Bitcoin price will go down?When BTC price drop? * Our predictions are made by Machine Learning & Ai , and shouldn't been used for financial decisions. We can't guarantee any profit. Continue reading >>

Bitcoin Price Predictions 2018: Expert Says Cryptocurrency Could Be Valued At $30,000 By End Of Year

Bitcoin Price Predictions 2018: Expert Says Cryptocurrency Could Be Valued At $30,000 By End Of Year

Bitcoin Price Predictions 2018: Expert Says Cryptocurrency Could Be Valued At $30,000 By End of Year Bitcoin could be set for a dramatic rise in value by the end of 2018, founder and chairman of investment firm LDJ Capital, David Drake has predicted. Speaking on the future of the cryptocurrency after the First G20 Meeting of Finance Ministers and Central Bank Governors of 2018 , he told Bloomberg that it had been a cold winter. By year end, however, he said bitcoin's pricecould reach$30,000. Cryptocurrencies were high on the G20 agenda, but ministers did not agree on what Bloomberg called a uniform clampdown on the currency. Bitcoin mining is pictured at BitFarms in Sain Hyacinthe, Quebec, on March 19, 2018. Bitcoin is a decentralized digital currency that works on blockchain technology without a central bank or single administrator. Lars Hagberg/AFP/Getty Images Id say this year is a cryptocurrency Wall Street time and we think cryptocurrency on the bitcoin will be worth $30,000 at the year endit is limited, Drake said. As of 1:05 p.m. EDT March 25, bitcoin's price is around $8,500. See all of the best photos of the week in these slideshows Reports of bitcoin millionaires flooded in as cryptocurrency newbies rushed to get in on the action. Some governments, skeptical of the decentralized digital currency, have put legal restrictions on bitcoin. As well as the G20 meeting, Drake reacted to recent comments made by Twitter and Square CEO Jack Dorsey to U.K. publication The Times . Dorsey predicted bitcoin would overcome problems like scaling and eventually become more important than even the dollar. The world ultimately will have a single currency, the internet will have a single currency. I personally believe that it will be bitcoin, he said. "This would happen over the Continue reading >>

Bitcoin Price Prediction: A Push From Lightning Network May Double Btc In Price

Bitcoin Price Prediction: A Push From Lightning Network May Double Btc In Price

Home Cryptocurrency Bitcoin Bitcoin Price Prediction: A Push from Lightning Network May Double BTC in Price Bitcoin Price Prediction: A Push from Lightning Network May Double BTC in Price Palwasha Saaim B.Sc Profit Confidential 2018-03-16T11:41:25Z 2018-03-16 11:41:25 Bitcoin price prediction bitcoin lightning network lightning network release bitcoin ln lightning network daemon lnd lightning labs bitcoin news lightning labs elizabeth stark The highly anticipated Lightning Network upgrade is finally out. Here are some reasons why we believe that this upgrade will lift BTC prices and bring them in line with our Bitcoin price prediction for 2018. Bitcoin [caption id="attachment_123637" align="alignleft" width="300"] The anxiously-awaited "Lightning Network" (LN) upgrade is finally out. It marks a major inflection point for Bitcoin. Three days ago, we anticipated its release, calling it a game changer for Bitcoin. We stand by our Bitcoin price prediction, which suggests that Bitcoin prices could nearly double from here.Let me put it in plain English for you why the Lightning Network is a huge deal for Bitcoin.The Lightning Network is to Bitcoin what HTTP is to the world wide web. It is the framework over which the future of blockchain will be built.As Bitcoiners have realized over time, the original blockchain concept of Satoshi Nakamoto had scalability limitations. As the network grew, Bitcoins core technology could not keep up with demand. The growing volume of transactions clogged its network, leading to sky-high fees and longer-than-viable wait times.And hence, Bitcoin ended up losing its utility as "digital money." It became "digital gold"something valuable but not truly fungible.The Lightning Network is the silver bullet that solves all these problems. It helps Bitc Continue reading >>

Bitcoin Price Today Usd Latest Price Chart Analysis And Bitcoin Price Prediction 2018 Tue Mar 27

Bitcoin Price Today Usd Latest Price Chart Analysis And Bitcoin Price Prediction 2018 Tue Mar 27

John McAfee (@officialmcafee) November 29, 2017 Bitcoin Price Prediction Tracker portal,Bircoin.top, did the maths and explain that Bitcoin needs to grow daily at 0.4840957034310259%per day.to meet McAfees prediction. Currently, Bitcoin is around $ 8,207 compared to $7,171. Cool right? However, to hit McAfees target, BTC would end the year just over $29k. BTC has accelerated much faster than my model assumptions. I now predict Bitcoin at $1 million by the end of 2020. I will still eat my d**k if wrong John McAfee Apart from the economics behind the limited supply of Bitcoin, his prediction considered the factors like the increased adoption of Bitcoin and blockchain as well as a total cryptocurrencysmarket cap around $162 billion which gives large room for growth. Expect stability only after 10 years Kristjan Dekleva (Hedge) The Swiss-based financial expert will have us brace up for a decade of turbulence before any hope for a stable bitcoin. This he suggests will coincide with a general acceptance of Bitcoin even in hard-stance China. This though, not as a fiat replacement but a viable alternative. In my opinion, it will be at least 10 years before we see stability. Kristjan Dekleva (Hedge) The finance expert at cryptocurrency project Hedge sees Bitcoin investments as all-too-similar to the DotCom bubble of the 90s. So Mr. Dekleva, what are we having for supper in 2018? In the short-term, falls have been driven by emotion and in many cases disinformation a small rumor can have a big impactDemand is driven by market speculation, but the absence of institutional investors means the market is unstable. Instability it is. Next stop is the prestigious Harvard. Bitcoin to shrink to $100 Kenneth Rogoff (Harvard Prof & ex IMF chief) Known for his disparaging remarks against Bi Continue reading >>

Bitcoin Price: Cryptocurrency Dips, But Expert Predicts $30,000 This Year | Inverse

Bitcoin Price: Cryptocurrency Dips, But Expert Predicts $30,000 This Year | Inverse

Filed Under Blockchain , Cryptocurrency , John McAfee , Social Networks & Twitter Bitcoin has been on a gradual decline, but one expert sees it as the calm before a huge rally. The worlds largest cryptocurrency dropped to reach close to the $8,000 mark for one token on Monday, around three months after it enjoyed peaks of over $17,000 following a series of ad rule changes from social networks. Analysis suggests bitcoin could be in store to reach peaks of $30,000 before the end of the year. The intervention comes at a cold time for Bitcoin, which has spent most of March wavering around the $9,000 mark. David Drake, chairman and founder of investment firm LDJ Captial, told Bloomberg last week that the underlying blockchain technology could resolve a lot of issues, citing KodakCoin as an example. Drake predicts over the coming year more firms will get on board, and with Wall Street also showing interest, Bitcoin will rally to the $30,000 mark. However, responding to Twitter CEO Jack Dorseys prediction that the internet will have a single currency, Drake saw hundreds as more likely. Were giving away $3,000 of high-tech travel gear in this prize package . You could win a VR headset, Beats wireless headphones, and much more. Click here to enter ! The revolution will not be televised. It'll be sent to your inbox by us. Drake also voiced support for the recent spate of advertising crackdowns, citing it as a legitimizing force in the industry. Facebook announced a ban on cryptocurrency ads at the end of January, while similar announcements from Google and Twitter over March coincided with a price stabilization below the $10,000 mark. Despite a low price coinciding with rule changes, Drake isnt the only analyst positive about the effects. Trevor Gerszt, CEO of crypto investment Continue reading >>

Using Cboe Bitcoin Futures To Predict Underlying Bitcoin Price Direction

Using Cboe Bitcoin Futures To Predict Underlying Bitcoin Price Direction

Using CBOE Bitcoin Futures To Predict Underlying Bitcoin Price Direction Long only, growth at reasonable price, arbitrage, short-term horizon A regression coefficient of 0.85 demonstrates a strong correlation between Bitcoin futures and underlying Bitcoin pricing. Increasingly bullish positions taken on by investors in Bitcoin futures since inception suggests an optimistic stance that Bitcoin prices will rise. Due to an uncertain regulatory environment surrounding cryptocurrency, shifting global policy can undermine future price speculation garnered through the bull/bear ratio. By Zhuoqi Gao , Robert Annis , and Xin Jiang Editor's note: Seeking Alpha is proud to welcome Zhuoqi Gao as a new contributor. It's easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to the SA PRO archive. Click here to find out more Due to increasingly bullish positions being taken in Bitcoin futures, we believe investors have speculated an end to the Bitcoin price decline, and we should see an increase in Bitcoin pricing going forward. In recent months, there has been considerable public interest, discussion, and speculation over the cryptocurrency market and what the future holds for it. Arguably, sitting at the forefront of these conversations is Bitcoin. Bitcoin is a digital currency or, as it's better-known, cryptocurrency which was created in 2009. It was originally established by Satoshi Nakamoto , a programmer whose identity is still unknown to this day. The characteristics of the cryptocurrency are unlike any traditional fiat currency such as the dollar, euro, or yen which have created value through their individual governing entities. Rather, Bitcoin is not backed by any country's central bank or governmen Continue reading >>

Bitcoin Price Prediction

Bitcoin Price Prediction

Bitcoin price stood at 16684 dollars a coin. Today's range: $16024 - $16941. Yesterday's close: $16287. The change: +397, +2.44%. Inverse rate: USD to BTC. Bitcoin Price Prediction For Tomorrow, Week And Month. Bitcoin price prediction on Friday, December, 15: minimum price $14675, maximum $16885 and at the end of the day price 15780 dollars a coin. BTC to USD predictions on Monday, December, 18: minimum price $15137, maximum $17415 and at the end of the day price 16276 dollars a coin. Bitcoin price prediction on Tuesday, December, 19: minimum price $16459, maximum $18937 and at the end of the day price 17698 dollars a coin. BTC to USD predictions on Wednesday, December, 20: minimum price $17604, maximum $20254 and at the end of the day price 18929 dollars a coin. In 1 week Bitcoin price prediction on Thursday, December, 21: minimum price $15903, maximum $18297 and at the end of the day price 17100 dollars a coin. BTC to USD predictions on Friday, December, 22: minimum price $14792, maximum $17018 and at the end of the day price 15905 dollars a coin. Bitcoin price prediction on Monday, December, 25: minimum price $17159, maximum $19742 and at the end of the day price 18450 dollars a coin. BTC to USD predictions on Tuesday, December, 26: minimum price $19904, maximum $22900 and at the end of the day price 21402 dollars a coin. Bitcoin price prediction on Wednesday, December, 27: minimum price $20305, maximum $23361 and at the end of the day price 21833 dollars a coin. Bitcoin Cash Price Prediction For 2018, 2019, 2020 And 2021. In 2 weeks BTC to USD predictions on Thursday, December, 28: minimum price $20912, maximum $24060 and at the end of the day price 22486 dollars a coin. Bitcoin price prediction on Friday, December, 29: minimum price $21625, maximum $24881 and at Continue reading >>

Bitcoin Price Prediction For 2017, 2018, 2019, 2020 And 2021 - Long Forecast

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: One Of The Worlds Largest Stock Exchanges Launching Bitcoin Brokerage Services

Bitcoin Price Prediction: One Of The Worlds Largest Stock Exchanges Launching Bitcoin Brokerage Services

Home Cryptocurrency Bitcoin Bitcoin Price Prediction: One of the Worlds Largest Stock Exchanges Launching Bitcoin Brokerage Services Bitcoin Price Prediction: One of the Worlds Largest Stock Exchanges Launching Bitcoin Brokerage Services Palwasha Saaim B.Sc Profit Confidential 2018-03-26T10:25:39Z 2018-03-26 10:25:39 bitcoin price prediction bitcoin canada canada tmx cryptocurrency tmx cryptocurrency tmx bitcoin tmx shorcan crypto bitcoin news bitcoin price bitcoin regulations Canada sets a new precedent as its stock exchange becomes the first in the world to begin offering Bitcoin brokerage services. This marks a major breakthrough for Bitcoin as it earns the status of a legitimate investment class in the country. As a result, we reiterate our bullish Bitcoin price prediction. Bitcoin [caption id="attachment_122075" align="alignleft" width="300"] Canada is about to set a big precedent for the world. The countrys stock exchange will soon become the first in the world to begin offering cryptocurrency brokerage services to its clients.The holding company of Canadas Toronto Stock Exchange (TSE), which is the ninth-largest stock exchange in the world, is launching a trading platform for cryptocurrencies, starting with Bitcoin and Ethereum. This marks a major breakthrough for cryptocurrencies.Read it to mean that Bitcoin has just been institutionalized as an asset class in Canada. Its the first time ever that Bitcoin may trade on the same platform as other traditional assets.The TMX Group, which operates the Toronto Stock Exchange, TSX Venture Exchange, Montral Exchange, Canadian Derivatives Clearing Corporation, and a number of other securities trading platforms in Canada, also owns a digital currency-focused subsidiary, Shorcan Digital Currency Group (DCN).Shorcan DCN has Continue reading >>

17-19 March Bitcoin Price Prediction: What Next?

17-19 March Bitcoin Price Prediction: What Next?

17-19 March Bitcoin price prediction - BTCUSD technical outlook 25-27 March Bitcoin price prediction - BTCUSD technical outlook Bitcoin continues downside, now heading below $8000. Will price drop below $6000 February low? The following looks at 17-19 March Bitcoin price prediction based on Elliott wave theory. 17 March, AtoZForex Just like we monitored the Bitcoin boom, we are also monitoring the crash or should I call it a correction? This correction is probably the deepest so far and it has taken more time than the past ones. With Elliott wave theory, we monitored Bitcoin advancing from $5500 to $20000 in the second half of year 2017. We were also one of the technicians who called for price correcting after peaking close to $20000. Just that price has gone deeper than our initial expectation. The initial expectation was that price was correcting to $8000-9000 to complete the 4th wave but it has even touched a bit below $6000. We have also been able to see how effective the Elliott wave theory is, in measuring the extent a trend or correction could go by analyzing the internal waves. There was a time this month, when many believed price would rally back above $11800 top and head toward $15000. We also expected this possibility but the internal wave structure suggested otherwise and we issued a warning in this update . The last update showed the continuation of the bearish move back to the $7000 zone. The following chart was used in the last update. BTCUSD Elliott wave analysis, M30 (click to zoom) With the breakout below $8789, there is a very strong likelihood of price dropping further to $7000 or its neighborhood. If this move happens, there will be an update to look at the long term wave 2 from a bigger wave degree. Anything can happen in the market but you have t Continue reading >>

Bitcoin Price Predictions

Bitcoin Price Predictions

Sign up to receive bitcoin daily We find the top 3 crypto stories and deliver them to your inbox each morning. Bitcoin was created in early 2009. Since then, weve seen its price increase from Bitcoins to the cent (circa March 2010), all the way up to $8,700+. One of the stories that illustrate this growth best is that of two pizzas, which were bought for 10,000 Bitcoins, on May 22, 2010, by a Florida developer by the name of Laszlo Hanyecz. Those 10,000 Bitcoins (at $8,700 per bitcoin) would be worth over 87 million US dollars today, pitted against the $40 or so they were worth then. Is there any limit to this growth, and if so, where? While nobody knows for sure, there are plenty of anti-Bitcoiners who see the market as a bubble, ready to pop and have Bitcoins price fizzle back to mere cents, and plenty of pro-Bitcoiners, or Bitcoin evangelists, who see little hinderance in Bitcoin growing up to 200 times its current price. Here are seven of those Bitcoin evangelists, and what they think Bitcoin will go on to be worth. Wences Casares is an Argentinian technology entrepreneur living in the US. He is the founder and CEO of Xapo, a Bitcoin wallet startup, and a board member at PayPal, among various other roles. Casares says he first found interest in Bitcoin because of high financial volatility in Argentinas native currency, the Peso. The tech giant bought his first Bitcoins in 2011. Casares believes that Bitcoin will hit $1 million sometime before 2027, speaking at the Consensus 2017 conference in New York. Even better, he believes that Bitcoin could hit one million dollars in as few as 5 years, saying onMay 23, 2017, that the milestone will be reached in 5-10 years. John McAfee is the founder of McAfee Associates which launched first commercial antivirus software in th Continue reading >>

25+ Answers - What Is The Bitcoin Price Prediction For 2017, 2018, 2019 And 2020? - Quora

25+ Answers - What Is The Bitcoin Price Prediction For 2017, 2018, 2019 And 2020? - Quora

What is the bitcoin price prediction for 2017, 2018, 2019 and 2020? Originally Answered: What could be the value of Bitcoin in 2018? If i could accurately predict financial markets I wouldnt be writing answers on Quora, as opposed to managing the billions of dollars given to me by investors for my future seeing eyes. So Take all this with a large grain of salt. at its current stage in life Bitcoin has a long way to go before it dies or shoots up to the thousands of dollars. I think we can safely believe Bitcoin is going to drop back down from its high ask $900-$1000 just as it did in 2013. However I dont think the drop will hurt holders of the coin as much as it did back then. If you look at this chart youll see that the amount of trades a day has sky-rocketed in the past 2 years. This alone tells me that it wont hit $300 levels again from 210718 or at the very least stay at $300 levels for more than a week. So far there have been no new groundbreaking innovations to create more desire for the coin other than hedging against economic crisis. Despite what lovers of the coin say, Bitcoins prices are still influenced by Darknet markets like Alphabet and Agora. None of us know whether the demand for drugs and other illicit items will rise or slow down in the next couple of years, however we do know it will always exist which means there will always be a demand for Bitcoin unless a better financial substitute for fiat cash comes along. Back to the point of economic crisis. Just like gold, Bitcoin is most valuable when other investments arent or at least dont appear to be. As a hedge youll have to ask yourself Will the economy face unexpected events big enough to warrant mass purchases of Bitcoin and other precious commodities? Some say Donald Trump is an erratic person who Continue reading >>

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