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Bitcoin Price Prediction 2018 In India

Bitcoin Price Drops Below $8,000: Over $60 Billion Wiped Off Cryptocurrencies

Bitcoin Price Drops Below $8,000: Over $60 Billion Wiped Off Cryptocurrencies

Bitcoin fell below $8,000 for the third time in four days on Monday amid a broader sell-off in cryptocurrencies that has seen over $60 billion of valued erased from the market in 24 hours. The price of bitcoin traded as low as $7,178.65 on Monday and sat below the $8,000 mark for most of the morning's trade, according to CoinDesk. It's the lowest price for bitcoin since November 16. CoinDesk's bitcoin price index tracks prices from digital currency exchanges Bitstamp, Coinbase, itBit and Bitfinex. On Friday, bitcoin fell below $8,000 for the first time since November 24. It then rose above $9,000 over the weekend before falling below $8,000 on Sunday. It was not only bitcoin that fell either. Other major virtual currencies, including ethereum and ripple , fell sharply in the last 24 hours. The market capitalization or value of the entire cryptocurrency market fell to around $350 billion around 11:23 a.m., ET, Monday, according to data from CoinMarketCap.com. This was a drop of around $67.7 billion in 24 hours. The digital currency world has been plagued by a string of worrying headlines. Tougher regulation has been a key factor weighing on price. On Monday, Financial News, a publication closely affiliated with the People's Bank of China, reported that the central bank will block all platforms related to cryptocurrency trading and the issuance of so-called initial coin offerings (ICOs) . Previously it had stamped out domestic cryptocurrency exchanges but it extended its crackdown to foreign platforms too. "In the future, any related (platform) will be closed as soon as it is found. At the same time, further regulatory measures will be taken with the future development of the situation," the Financial News reported. India's Finance Minister Arun Jaitley said last week th Continue reading >>

Bitcoin: Will Ambanis Jiocoin Work? Analysts Predict 85% Crash In Bitcoin In 2018 - The Economic Times

Bitcoin: Will Ambanis Jiocoin Work? Analysts Predict 85% Crash In Bitcoin In 2018 - The Economic Times

Will Ambanis JioCoin work? Analysts predict 85% crash in bitcoin in 2018 The cryptocurrency market has remained under pressure this week, as prices of digital currencies, including bitcoin (BTC) and ripple, tumbled nearly 20 per cent between January 5 and 12 amid talks that South Korea was mulling a trading ban on digital currencies Some analysts feel such an action by Seoul may push other nations to consider similar moves. A Wall Street consultancy on Thursday predicted a major crash in the cryptocurrency market this year. After significant testing, we calculated the price of BTC 1 to be $1,780, businessinsider.com quoted from a Quinlan & Associates report. On Thursday, media reports said Indian billionaire Mukesh Ambanis telecom venture Reliance Jio may launch its own cryptocurrency, JioCoin , shortly. Ambanis new bet, a Mint report claimed, is the mandate of a 50-member team working on blockchain technology, which is being helmed by Ambani's elder son Akash. Businessinsider said the 156-page report of Quinlan & Associates argued that bitcoins current price near $14,000 was far above what it is worth as both an investment asset, akin to gold , and a payment mechanism. As an asset, we valued bitcoin using a cost of production approach and a store of value approach, resulting in values of $2,161 and $687, respectively. To value BTC as a currency, we estimated its utilisation for both legal , retail transactions payments, as well as payments in the black market. After significant testing, we calculated the price of BTC 1 to be $1,780, said the report. If the digital currency were to fall to this level, it would plunge a massive 85 per cent in the coming 12 months. Bitcoin prices soared from under $1,000 to almost $14,000 during calendar 2017, and ethereum jumped from ab Continue reading >>

My Predictions Of Bitcoin Price In India In 2018

My Predictions Of Bitcoin Price In India In 2018

My predictions of bitcoin price in india in 2018 KONIOS.com | The World's Most Secure Cash & Crypto Platform PRE-ICO | LIVE AIRDROP | LIVE ICO | May 1st nothing is 100% sure.. still I tried to figure out the possibilities.. these are by analysing the patterns. The slight slow increase is due to regular pattern style and dip in march is a stretegic outcome adopted by international traders.. however... this will not be correct... i m just providing the flow pattern.. figures may be different. Do you really think are esteemed govt. Wont bother when bitcoin would fly around to 50lacs? They are going to ban it much sooner than that or may be are going to take some regulatory steps regarding it which will reduce its capacity to show such an increase. Negative as well as postive external factors are excluded.. ... as well as previous such events can also impact the i think the above quoted rates are exorbitant, there is very nominal chances that these rates fly at such exorbitant prices, bcz with growing prices there is more risk involved with bitcoins, bcz people get more into the ecosystem of bitcoins and the government cannot tolerate that when people start devaluing the government currency, government simply ban all the transactions of bitcoins Once we have enough services that accept bitcoin or altcoins as a form of payment, it is only then that cryptos will become uncontrollable. Right now people only see it as a means of investment and the weak point of this system are the fiat to btc exchanges. Promotion of services accepting crypto for payment is a must. Quote from: sandy14350 on December 10, 2017, 10:36:39 AM i think the above quoted rates are exorbitant, there is very nominal chances that these rates fly at such exorbitant prices, bcz with growing prices there is m Continue reading >>

Bitcoin Price Prediction: New Markets To Take Btc Prices Past $15,000?

Bitcoin Price Prediction: New Markets To Take Btc Prices Past $15,000?

Home Cryptocurrency Bitcoin Bitcoin Price Prediction: New Markets to Take BTC Prices Past $15,000? Bitcoin Price Prediction: New Markets to Take BTC Prices Past $15,000? Palwasha Saaim B.Sc Profit Confidential 2018-02-20T08:18:56Z 2018-02-20 08:18:56 bitcoin markets bitcoin price prediction bitcoin russia bitcoin africa bitcoin india narendra modi blockchain bitcoin south africa bitcoin new markets btc price Bitcoin is creeping into new markets like Russia, Africa, and India, where growing demand for this cryptocurrency may add to liquidity and put a floor under BTC prices. Our Bitcoin price prediction is bullish as we see new markets cultivating stability in Bitcoin prices. Bitcoin [caption id="attachment_113495" align="alignleft" width="300"] Cryptocurrency markets are finally recovering from the massive price slump of early February. The Bitcoin price made a robust advance over the weekend to cross $11,000 for the first time after the crash.Even though prices are finally reversing their course, the crash remains fresh in our memories. The precipitous drop investors faced was no less than bungee jumping from the Eiffel Tower. The setback scared investors out of their wits.In hindsight, we learned a simple lesson the hard way. That is, government policies drive investor sentiments in the crypto space, which in turn drive crypto prices.Case in point; investors of the "decentralized" Bitcoin are largely "centralized" in four countriesthe U.S., South Korea, China, and Japanwhere governments have been pulling the strings on crypto prices from behind the curtains. To gauge their influence, simply take note of the fact that a sheer rumor of a crypto ban in South Korea was enough to spark a massive sell-off.So, following the crash, weve been on the lookout for new markets fo 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 >>

Best 2018 Bitcoin Price Predictions: Btc/usd Projections From $8,073 To $89,750

Best 2018 Bitcoin Price Predictions: Btc/usd Projections From $8,073 To $89,750

2017 has been the year that has taken Bitcoin to phenomenon status, finally spreading across the financial board and leaving the exclusivity of the geek/tech universe. 2017 has been the year where those who bet on Bitcoin in the very early stages finally got rewarded with extraordinary returns for their bold confidence in the main cryptocurrency. Since the start of the year, BTC/USD has surged more than 1900%! Yeah, thats not a typo. These incredible figures have inevitably tagged Bitcoin as a bubble, with some analysts even mentioning it as the potential new Armageddon that might sink the world economy into another global crisis. And while a big correction isntoutside the realm of possibilities and the bubble mindset is indeed attached to the current Bitcoin market, BTC is far away from being a risk to the global financial system. The main cryptocurrency doesnt have enough market cap, it is a quite compartmental market, its deleveraged and lacks any associated debt. Thats the current situation, and that, of course, could change. During December 2017, the first headlines about Bitcoin being used as collateral in debt transactions have begun crossing the wires. December 2017 has seen the launch of the first two Bitcoin futures markets. FXStreet does offer for free the Bitcoin Future feed from Chicago Mercantile Exchange (CME). We still are yet to see which implications the openings of these derivative markets have on the Bitcoin price during the next months. The main one may be giving access to institutional investors. The kind of investor, such as investment funds, banks or hedge funds, among others, that could not act in a completely deregulated market as the Bitcoin spot. Moreover, the birth of Bitcoin futures will allow to develop a sell-side market in the main cryp Continue reading >>

Bitcoin Price Prediction For 2018: Possible $20000 Valuation

Bitcoin Price Prediction For 2018: Possible $20000 Valuation

Bitcoin Price Prediction For 2018: Possible $20000 Valuation Dec 18, 2017 UPDATE As the worlds first and biggest cryptocurrency continues to grow, making a Bitcoin price prediction for 2018 is certainly a massive challenge. With Bitcoin having reached a new all-time high of $19,783 in recent trading, the astonishing ascent of the digital payment method seemingly knows no bounds. Although the value of Bitcoin has receded slightly since reaching this peak, the price of the cryptocurrency has still increased stratospherically since the turn of the year. Back when 2017 dawned, Bitcoin was worth a mere $1,000, meaning that its value has increased by an incredible 1,800 percent in the calendar year. It is this sort of price increase which has polarized opinions on the future of the digital currency, and made any Bitcoin price prediction for 2018 fraught with danger. There is are those that are very much in the positive camp with regard to the future of Bitcoin, and those who believe that it will inevitably crash and burn in the near future. One possible issue that could impact on any Bitcoin price prediction for 2018 is government legislation. While the United States federal government doesnt really have an official position on the cryptocurrency, other administrations have taken specific action. And the picture in Europe could provide a clue to the future legislative direction in the US. European governments are currently pushing for regulation of Bitcoin and the general altcoin sector , following the unbelievable escalation in the price of Bitcoin. In particular, the fact that Bitcoin is strongly linked with nefarious activity conducted by money launderers, drug traffickers and terrorists is of concern. French Finance Minister Bruno Le Maire has recently spoken on the subj Continue reading >>

If One Buy Bitcoin In March 2018 Of 20,000 Inr, What Will Its Price In March 2020?

If One Buy Bitcoin In March 2018 Of 20,000 Inr, What Will Its Price In March 2020?

Bitcoin can be unpredictable, but everything goes as expected, it might cross 50000 dollars also. If in some case it does not grow dont worry you will not loose your 20k, you will definitely get some profits. Remark: The answer is based on the material from Invite-Only community of Crypto-Investors. You can grab your invitation in my PROFILE. I look at all these predictions....and I understand how much they are useless ... Cryptocurrency is an absolutely undefined area. There are a lot of events unknown to us that can completely erase all forecasts. Events, as experience shows, are almost always extraordinary. They can be either favorable or not favorable. But no one waits for them... no one adds up ... but they will always appear... You can see everything now: hacking of exchanges, regulation, bans, forks... Look at the weather forecasts for the week ... how often do they come true? Although metrology is a science... There are many factors that they can not take into account, and therefore they do not come true often. It is enough to change the direction of the wind... and the weather forecast can be changed. The market is a crowd of madmen. Especially the digital assets market. Learn how to minimize the risk of irreversible loss. Learn how to maximize the chances of a sustainable profit. Learn how to develop your own effective investment policy. This and much more. You will find out in the community of crypto investors, the entrance is by invitation only. 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: Will 2018 Be The Worst Year Yet For Cryptocurrency?

Bitcoin Price Prediction: Will 2018 Be The Worst Year Yet For Cryptocurrency?

Bitcoin on the high street - is Britain ready? EXCLUSIVE SURVEY "Pretend like bitcoin is a goat. Now it's adorable... and you want to pick it up and you want to pet it. But you can't because it's not there, it doesn't exist except for on that Internet right there, just like bitcoin is digital currency." Will 2018 be the worst year yet for cryptocurrency? Dennis de Jong, managing director of UFX, says he believes cryptocurrencies remain strong and will not plummet for good in 2018. He told Express.co.uk: It may not capture the headlines like the volatility of bitcoin has in recent months, but theres been considerable advances in the underlying technology of the blockchain. Bitcoin price prediction: What will happen to cryptocurrency in 2018? Many industries are already live with, or in the process of testing, blockchain use cases that have potentially huge knock-ons for data management and security advancements. The relationship between crypto usage and investment in the space underpins bitcoins value to an extent, and for this reason I cant see it going anywhere soon." But as central banks attempt to kickstart regulation - Citibank India being the latest financial authority this week to ban cryptocurrency payments on debit or credit card - some investors believe the market slump could be an indicator of an overall crash in all financial markets. Bleakley Financial Group CIO Peter Boockvar said: If bitcoin resumes its decline here, I think that equity investors should pay attention. Bitcoin price: Will it turn a corner in 2018? 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 It's a sign that maybe risk aversion is creeping into the markets again, he told CNBC's " Continue reading >>

Bitcoin Price Prediction For 2018, 2019, 2020 And 2021

Bitcoin Price Prediction For 2018, 2019, 2020 And 2021

Bitcoin Cash Price Prediction For 2018, 2019, 2020 And 2021 In India. In 2 weeks BTC to INR prediction on Thursday, December, 28: price 1448825 Rupees, maximum 1550243, minimum 1347407. Bitcoin price prediction on Friday, December, 29: price 1497089 Rupees, maximum 1601885, minimum 1392293. BTC to INR prediction on Monday, January, 1: price 1490323 Rupees, maximum 1594646, minimum 1386000. Bitcoin price prediction on Tuesday, January, 2: price 1644405 Rupees, maximum 1759513, minimum 1529297. BTC to INR prediction on Wednesday, January, 3: price 1623059 Rupees, maximum 1736673, minimum 1509445. In 3 weeks Bitcoin price prediction on Thursday, January, 4: price 1629151 Rupees, maximum 1743192, minimum 1515110. BTC to INR prediction on Friday, January, 5: price 1671484 Rupees, maximum 1788488, minimum 1554480. Bitcoin price prediction on Monday, January, 8: price 1689395 Rupees, maximum 1807653, minimum 1571137. BTC to INR prediction on Tuesday, January, 9: price 1833179 Rupees, maximum 1961502, minimum 1704856. Bitcoin price prediction on Wednesday, January, 10: price 1965822 Rupees, maximum 2103430, minimum 1828214. In 4 weeks BTC to INR prediction on Thursday, January, 11: price 2013370 Rupees, maximum 2154306, minimum 1872434. Bitcoin price prediction on Friday, January, 12: price 1953073 Rupees, maximum 2089788, minimum 1816358. BTC to INR prediction on Monday, January, 15: price 1970171 Rupees, maximum 2108083, minimum 1832259. Bitcoin Price Prediction For 2017, 2018, 2019, 2020 And 2021 In India Bitcoin price prediction for December 2017. In the beginning price at 636918 Rupees. Maximum price 1601885 Rs, while minimum price 605190. The averaged price 1085271 Rs. Bitcoin price forecast at the end of the month 1497089, change for December 135.1%. BTC to INR predicti Continue reading >>

Bitcoin Price Prediction 2018, 2019, 2020, 2025, 2050 Year | Btc

Bitcoin Price Prediction 2018, 2019, 2020, 2025, 2050 Year | Btc

jio | December 12, 2017 | Cryptocurrency | No Comments Bitcoin crosses reach all time highest price by crossing 17000 USD with this December biggest month of 2017 for cryptocurrency world and many top prediction turning out to be true as more than 5 cryptocurrency hiked their prices with 1000% growth rate now there are some rumors about Bitcoin prices there are some bubble created from cryptocurrency to attract investor as we know number of investor increases then price of coin per rate will automatically increases but because of bitcoin passed all time high which result many investor staying away from investing and another reason fluctuation with btc price is between 14K $ to 17$ which showing changes per hour by 50$ and per day changes by nearly 1K$ and ethereum also showing 55% growth from last month after being stable for two month and then IOTA entered coin who doing well from last month with nearly 1006% growth ratio. Note: above figure set with same growth rate of 2016 to 2017 which is nearly 1450% but after 2020 there is chances of Bitcoin reaches its Bitcoin Supply which result mining will stopped and to invest money investor has to wait for long time and also pay more amount than initial year and there is slow fluctuation and growth rate in Bitcoin price so after 2020 year Bitcoin started growing with steady growth ration which will get less attention from investor and that time other cryptocurrency will take over which are currently into top 20 position in highest market cap. Bitcoin on 2018 will cross 20,000 USD mark till end of January month then price set on above table will be possible till mid of 2018 year and at the end Bitcoin will cross all time high and create new record with 1,00,000$ and become first cryptocurrency to reach this milestone as this Continue reading >>

Is It Safe To Buy Bitcoin Of Worth Inr 1 Lakh Using Zebpay, India? How Much Profit Can I Expect Around June 2018?

Is It Safe To Buy Bitcoin Of Worth Inr 1 Lakh Using Zebpay, India? How Much Profit Can I Expect Around June 2018?

Is it safe to buy bitcoin of worth INR 1 lakh using Zebpay, India? How much profit can I expect around June 2018? Zebpay is a pretty secure exchange for any sort of transactions. Although, answering to your question of profits, BTC has given some great gains in the current year. As BTC enters into the mainstream, the prices are expected to rise. But it's a deregulated market and one must keep that in mind. There is potential of earning multi folds but you got to also understand the risks pertaining to it. Bitcoin Supply is limted to 21 Million and 12.5 is issued every 10 Minutes. Every Second price of bitcoin changes and it is difficult to predict or identify the pattern or reason of fluctuations but it is based on golden concept of demand and supply. Yes it is safe to buy INR 1 Lakh of bitcoin on platform Zebpay but bitcoin Digital crypto currency is very risky and involves pure risk start with small amount and then proceed. Profit depends on price and your buy and sell orders. But if situation remains or to be positive then definitely Rs 20000 in three days. Greed takes away everything | BE HUNGRY BUT DON'T BE GREEDY. Bitcoin investments are subject to market risks. Analyse the conditions carefully before investing. Regarding ZEBPAY - I would say dont go for it as rates are very high. Go for CoinSecure instead. The rates are lower than ZebPay and experience is like that of a real time trading. BITCOIN started in 2009 at rate of flat $0. Yes you heard it right. Ignoring the previous fantasies of Bitcoin coming to current year of Bitcoin 2017. From month of January from $1150 to [email protected] $11000 bitcoin gave returns of 10x. If you wish to earn very high-high profits and want to take highest risk you can invest. Remember to stay away from long terms (6 to 8 years) as it Continue reading >>

Bitcoin Price Prediction For 2017 And 2018

Bitcoin Price Prediction For 2017 And 2018

Bitcoin in Dollars Prediction For 2017, 2018-2020. Bitcoin Price Prediction For Tomorrow, Week And Month. 25.10 Wednesday 407086 427440 386732 26.10 Thursday 405861 426154 385568 01.11 Wednesday 422089 443193 400985 02.11 Thursday 427920 449316 406524 08.11 Wednesday 446636 468968 424304 09.11 Thursday 437703 459588 415818 15.11 Wednesday 432286 453900 410672 16.11 Thursday 440932 462979 418885 22.11 Wednesday 442566 464694 420438 23.11 Thursday 442582 464711 420453 Bitcoin price prediction on Tuesday, October, 24: exchange rate 399104 Rupees, maximum 419059 Rs, minimum 379149 Rs. BTC to INR prediction on Wednesday, October, 25: exchange rate 407086 Rupees, maximum 427440 Rs, minimum 386732 Rs. Bitcoin price prediction on Thursday, October, 26: exchange rate 405861 Rupees, maximum 426154 Rs, minimum 385568 Rs. BTC to INR prediction on Friday, October, 27: exchange rate 397744 Rupees, maximum 417631 Rs, minimum 377857 Rs. In 1 week Bitcoin price prediction on Monday, October, 30: exchange rate 405699 Rupees, maximum 425984 Rs, minimum 385414 Rs. BTC to INR prediction on Tuesday, October, 31: exchange rate 413813 Rupees, maximum 434504 Rs, minimum 393122 Rs. Bitcoin price prediction on Wednesday, November, 1: exchange rate 422089 Rupees, maximum 443193 Rs, minimum 400985 Rs. BTC to INR prediction on Thursday, November, 2: exchange rate 427920 Rupees, maximum 449316 Rs, minimum 406524 Rs. Bitcoin price prediction on Friday, November, 3: exchange rate 423876 Rupees, maximum 445070 Rs, minimum 402682 Rs. In 2 weeks BTC to INR prediction on Monday, November, 6: exchange rate 432354 Rupees, maximum 453972 Rs, minimum 410736 Rs. Bitcoin price prediction on Tuesday, November, 7: exchange rate 437878 Rupees, maximum 459772 Rs, minimum 415984 Rs. BTC to INR prediction on Wednesda Continue reading >>

Bitcoin Price To Reach $60,000 Before Crashing To $1,000 In 2018 Is Saxo Banks Outrageous Prediction

Bitcoin Price To Reach $60,000 Before Crashing To $1,000 In 2018 Is Saxo Banks Outrageous Prediction

Bitcoin Price to Reach $60,000 Before Crashing to $1,000 in 2018 is Saxo Banks Outrageous Prediction Join our community of 10 000 traders on Hacked.com for just $39 per month. Bitcoin is thrown to the wolves, the headline reads, punctuating the tail end of Saxo Banks prediction that the bitcoin price will soar above $60,000 in 2018 before crashing more than 98 percent to its fundamental production cost of $1,000. The Danish investment bank issued this forecast in its annual Outrageous Predictions publication that purports to identify highly unlikely events with underappreciated potential. The rise of Bitcoin and other cryptocurrencies has been one of the most spectacular phenomena of financial markets in recent years, two Saxo analysts write. Bitcoin will continue to rise and rise high during most of 2018 but Russia and China will together engineer a crash. The bank predicts that fueled by prolonged bullishness over the advent of bitcoin derivatives, the bitcoin price will rise approximately 400 percent from its current level to peak above $60,000 bringing its market cap to $1 trillion. However, Saxo warns, bitcoins meteoric ascent will be equaled by the rate of its demise. Concerned about capital flight, China and Russia will unleash a multi-pronged assault on the decentralized cryptocurrency ecosystem to shift the focus away from Bitcoin. In addition to creating their own, state-backed cryptocurrencies , the two governments will ban mining, citing environmental concerns even though their true priority is keeping a handle on domestic monetary policy. Bitcoin diehards will not give up without a fight, but the bank predicts that state-run cryptocurrencies will prove to function better as actual payment systems, putting an end to the two-year crypto craze and causing the Continue reading >>

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