Bitcoin Price To Skyrocket: Expert Has 'no Doubt' Bitcoin Will Reach Over $100,000
CEO of Shopin Eran Eyal said he has no doubt bitcoin will reach a value of beyond $100,000 in the future. Mr Eyal said it is important to separate bitcoin from other types of cryptocurrencies such as ethereum or Ripple . He said each cryptocurrency has its own business model to differentiate from one another. Speaking on CNBC , Mr Eyal said: I have no doubt that bitcoin is going to reach well-beyond $100,000. Have a look at how it has climbed over the past. I think its important not to just look at it at this moment in time but also to look at it historically at what has happened around the world. Bitcoin is a new kind of money [Getty Images] Billionaire business mogul Warren Buffett warned bitcoin and other cryptocurrencies are certain to end badly. Mr Buffet said he is unsure when the cryptocurrencies bubble will burst but he is certain it will happen. He said: I know this. If I could buy long-term puts. If I could buy a five-year put on every one of the cryptocurrencies Id be glad to do it. But I would never short a dimes worth. I think whats going on will definitely come to a bad ending. Bitcoin investors are worried they will be unable to withdraw their cash after cyber-attacks have left some investors money stuck in the system. There are fears that some of those who have invested in the crypto-currency will struggle to get their cash out after Bitcoins value plummeted by 40 percent in a single month. BitConnect, a coin exchange server, announced that it was shutting down meaning all traders would need to withdraw their money. However, despite reassurances customers would be able to withdraw at a "recent exchange rate, those trying to retrieve their investment found they were unable to do so due to continuous cyber-attacks. News coming from the Davos world economi Continue reading >>
How High Will Ethereum Go?
How High Will Ethereum Go? Will Ethereum Reach the Price of Bitcoin? Ethereum has been one of the top-performing cryptocurrencies in the world since early 2017, some say the price per Ether is going to surpass Bitcoin by 2018/2019. The rise of Ether is still at its beginning. It is not anywhere close to its potential yet. What do you think? How high will Ethereum go? Will Ether reach the price of Bitcoin by 2018? Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. The opinions expressed in this article are the personal opinions of the author at the time of publication. Ethereum definitely has a huge potential to go beyond Bitcoin in terms of their market cap. The number of transaction on the Ethereum blockchain has spiked since the announcement on the Enterprise Ethereum Alliance (EEA) that connects Fortune 500 enterprises, startups, academics, and technology vendors with Ethereum subject matter experts. Institutions like Microsoft and JPMorgan have pledged their support to the development of Ethereum through the formation of the Enterprise Ethereum Alliance . The purpose of the alliance is to ensure the potential of Ethereum is realized across industries. The formation of the Enterprise Ethereum Alliance (EEA) in February helped spark Ethereums parabolic rise. The 116 EEA members include such giants as Toyota Motor Corp. (NYSE ADR: TM), JPMorgan Chase & Co. (NYSE: JPM), and Intel Corp. (Nasdaq: INTC). Although many organizations are invested in leveraging Ethereum to serve as a basis for privatized versions, the overarching goal is that one day, each institutions private networks will be connected to the global Ethereum blockchain. This will establish a new universal benchmark for information trans Continue reading >>
Bitcoin Predictions: The Price Of Bitcoin Will Reach $100,000 In 2018 E-money Chat
The price of bitcoin has been suffering a lot of changes in the past few months. After reaching a history high last year, the price of the famous cryptocurrency started to fall and then managed to gain more ground once again. Recently, the price of bitcoin suffered a major decrease, going below $10,000, but this does not mean that investors have lost their confidence in the cryptocurrency. In fact, one of the latest predictions related to bitcoin indicates that the price of the digital currency will go up to $100,000 in 2018. This prediction was made by a Saxo Bank analyst, who claimed that the price of bitcoin will keep on growing this year. Why will the price of bitcoin increase so much this year? Of course, the first question that pops to mind in this context is why will the price of bitcoin increase so much. Well, the analyst claimed that the high boost will be given by the interest that has come from institutional investors. The fact is that the cryptocurrency market seems to become more and more attractive to investors. The analyst, Kay Van-Petersen, has become quite well-known in the industry as he made an interesting prediction back in 2016 for the evolution of bitcoin for 2017. At that time, Van-Petersen claimed that the price of bitcoin will grow to $2,000 in 2017. Not only that it grew, but it also managed to by far pass this sum, which was considered exceptional given the 2016 value of bitcoin. Van-Petersen made all these predictions related to the price of bitcoin in an interview with CNBC. He claimed that before the end of the year, the price of bitcoin will be somewhere between $50,000 and $100,000. Van-Petersen seems to believe that the growth will be triggered by the futures contracts and by institutional investors who recently started to look into the Continue reading >>
Bitcoin Headed To $100,000 In 2018, Says Analyst Who Predicted Last Year's Price Rise
Bitcoin could hit $100,000 in 2018, an analyst who correctly predicted the cryptocurrency's rally at the start of last year told CNBC on Tuesday. Kay Van-Petersen, an analyst at Saxo Bank, added that other rival digital coins could also outperform. Van-Petersen forecast in December 2016 that bitcoin would reach $2,000 in 2017 . At the time, bitcoin was trading below $900, according to CoinDesk, a website that tracks the price of digital currencies on a number of different exchanges. Bitcoin blew past the $2,000 figure in May. Van-Petersen said Tuesday that bitcoin could hit between $50,000 and $100,000 in 2018. "First off, you could argue we have had a proper correction in bitcoin, it has had a 50 percent pull back at one point, which is healthy. But we have still not seen the full effect of the futures contracts," Van-Petersen said. The CME and Cboe both launched bitcoin futures trading contracts last year. The move was seen as a way to get more institutional investors involved in the cryptocurrency market and legitimize it. But trading got off to a light start . Van-Petersen said that more institutions will get on board over time, but it won't happen quickly. To reach $100,000, bitcoin would need to rally over 635 percent from Tuesday's highest price of $13,601.43, according to CoinDesk. Previously, Van-Petersen said that $100,000 could take ten years to hit . Also, bitcoin has been trading sideways since the start of the year. But the Saxo Bank analyst said that bitcoin tends to trade around a certain level then "re-rates". "I wouldn't be surprised if it's something we are seeing. It's kind of building a foundation, then will re-rate a bit higher." Bitcoin and other coins, including ethereum and ripple , saw a big sell-off on Tuesday , however. Still, Van-Petersen s Continue reading >>
Bitcoin & Ethereum Are Headed For $100,000 (but Thats Only Good News For Those Who Are In Today)
A year ago, it was as if the world had all but forgotten about Bitcoin. With the year-ago-to-date price of the virtual currency 77% lower than its May 27, 2017 closing price of $2086.71, it was only rival blockchain derivative Ethereum that was causing a stir. Ethereum, which debuted in August 2015, had notched up some 300% in gains since then and was being hailed as the next possible Bitcoin-style success story. But value networks are by nature expansive , and not just that, they overlap constantly with one another in terms of functionality, usability, focus and performance. So it wasnt long before Ethereums momentum generated waves all over the market. (For a special behind-the-scenes lookat Ethereum, go here .) In 2017 alone, Bitcoin has risen by118%, with about half those returns having been produced in the past calendar month period, while Ethereum is up 1950% in the Year-To-Date period, having gone up another 170% in the previous month. The recent gains representsome hefty windfalls, but it appears that the party may only just be warming up again for digital assets. Media pundits, once rather camera shy about professing anything other than a vague passing curiosity for all digital assets, have begun to reportthat Bitcoin may indeed actually reach as high as $10,000 before long . Others still maintain that $25,000 a Bitcoin is not impossible over the next 10 years. Those recent enthusiastic prophecies reflect the conclusion of a presentation I gave at the Meckler Media conference almost two years ago to the day, back when Bitcoin was in $300-territory (there is a YouTube video of that presentation here ). That presentation showed how by performing a series of calculations designed to interpret Bitcoins purchasing, speculative and investable value, the average 25-y Continue reading >>
Will Bitcoin Price Reach $100,000 This Year?
Will Bitcoin Price Reach $100,000 This Year? By Nathan Reiff | Updated January 23, 2018 10:30 AM EST Who is Garrett Camp, Uber Founder and Crypto Inventor? Bitcoin , ethereum, and other top cryptocurrencies have already been on a wild ride when it comes to value in 2018. The world's top digital currency by market capitalization fell early in the year and is now trading at just over $10,000 per coin, which still constitutes a significant markup over this time in 2017. (See also: Bitcoin Price Continues Slide .) While the major gains across the industry in late-December 2017 seem to have largely faded, there are some analysts who predict that cryptocurrencies could rise again over the months to come. The Danish firm Saxo Bank believes that a bitcoin priceof $100,000 may be possible in 2018. It has been right about seemingly outlandish predictions like this before. Saxo Bank made a wild prediction regarding the price of bitcoin in late 2016. At the time, the Danish company included in its list of "Outrageous Predictions" that bitcoin's price might triple in value over the course of 2017. As it turns out, that prediction came true and then some. Bitcoin soared from about $900 to more than $19,000 overthe course of 2017. Saxo Bank analyst Kay Van-Petersen told CNBC that she "wouldn't be surprised" to see bitcoin climb to somewhere between $50,000 and $100,000 this year. Van-Petersen points to the emerging price pattern of a major surge, followed by a plunge and plateau, then another major surge. Van-Petersen says bitcoin has been "building a foundation," and that the cryptocurrency will soon "re-rate a bit higher." In the "Outrageous Predictions" list for 2018, Saxo Bank suggested that bitcoin might peak at more than $60,000 per coin this year. That doesn't necessarily mean Continue reading >>
Ethereum Vs Bitcoin: Which One Is Likely To See A $100,000 Price In 10 Years?
I have been writing continuously about this the past few days on different blogs and yet I can't stress it enough. Ethereum is the future! Remember Myspace or AOL? They were the first but they did not stay to be the first. Sure, they created a lot of hype like Bitcoin but that was shortlived. You know what eventually replaced them? Yahoo, Hotmail and now Gmail has replaced them all to a greater extent. As for Myspace, it is completely out of the picture and replaced by Facebook now. What I'm trying to say is that it's a dog eat dog world. The new and the better overthrows the old, that's how it works. Speaking of which, I'm inclined to talk a bit about Bitcoin. So, it came into existence and has had its monopoly intact for all these years and we have seen its price shoot all the way to $2800+ and now analysts on CNBC and Bloomberg predict its price to reach at least $100,000 in the next 10 years. That sounds all sweet and good to me and we could eventually see a cryptocurrency reach that price range but what if it isn't Bitcoin? How likely is that? Well let me tell you how likely it is. First of all, Ethereum is not just a cryptocurrency, it's a whole new decentralized web that will host all these new applications and businesses we see emerging every coming day. Existing businesses and government institutions have also started adopting Ethereum. I believe Ethereum is a far advanced technology than Bitcoin. Ethereum transactions take seconds to complete whereas Bitcoin transactions might take 30-40 minutes or even longer depending on the confirmations. On top of that, Bitcoin is just a cryptocurrency, nothing more. So, even if we disagree with analysts about the $100,000 price predictions, it is safe to say that Ethereum will reach at least $1000 by the end of 2017. The Continue reading >>
What's The Predicted Worth Of Bitcoin, Litecoin And Ethereum Coins By 2020, 2025, 2030?
How much are Bitcoin Litecoin Ethereum coins predicted to be worth by 2020, 2025, 2030? No one can predict the future, so perhaps the best way to answer this question is with another impossible question, like this one from Jyri Mkinen, who identifies on Quora as being part of Blockchain Evolution. He said: How much money is in the world? This question, How much are Bitcoin, Litecoin and Ethereum coins predicted to be worth by 2020, 2025, 2030? originally appeared on Quora , the knowledge sharing network where compelling questions are answered by people with unique insights. Answers byBill C. Riemers, Brian Schuster,Jyri Mkinen, Charles Guinn, Geno Jones, George Tung, Puneet Gupta, Akli Le Coq, Vincent Bressler, Lance Jepsen, Wolfgang Beer and Shakthi Kumar. Bill C. Riemers, works at Red Hat (2006-present) At one point I computed (that) if the entire worlds economy was replaced with bitcoins, then each bitcoin would be worth about $2 million dollars in current dollars. However, the fallacy of this argument is even if you believe the e-currency will replace all normal currency, there is absolutely no reason to believe it will be bitcoins that rule the day. There are huge technical flaws with bitcoins. Same with Ethereum. Really the same can be said of most of the e-currencies Ive tried. Sure maybe the blockchain is reasonably secure. But every time there is a fork in the code, there is a potential new ecurrency. How would you ever know if you were holding the best one? And who wants to take a day to resync their blockchain wallets each time Windows does an unexpected update? The trades are corrupt, as are many of the users. Really what we have in e-currencies is evil and corrupt. Just as bad as the Federal Reserve. Well actually worse. For all the horrors of the Federal Continue reading >>
2017 Was Bitcoin's Year. 2018 Will Be Ethereum's
2017 Was Bitcoin's Year. 2018 Will Be Ethereum's Dec 27, 2017 at 12:45 UTC|UpdatedDec 27, 2017 at 20:58 UTC Jez San is CEO of FunFair Technologies, an ethereum-powered casinoplatform. A vocal supporter and critic of blockchain technologies, San wasalso a pioneer in real-time, 3D games. The following article is an exclusive contribution to CoinDesk's 2017 in Review series. As a long time investor in bitcoin and cryptocurrencies, 2017 has been remarkable. But it's important to remember, this is really just the beginning. Despite the valuations, major protocols remain deficient in delivering value to users. Bitcoin with it'shigh fees and slow transaction times is hardly suitable for payments - spending the same fee whether you buy a coffee or send $100,000 is a joke and thepromise of scaling solutions such as the Lightning Network hasn't been fulfilled. Suffice to say, its new positioning as a store of value is precarious, even if,judging by the huge uptick in bitcoin price, the store of value narrative is winning for now. While there's no shortage of old and new believers to keep the party going, along with plenty of developers working to create better, forked versions of bitcoin, I'm betting my chips on a more flexible alternative. The door is wide open for blockchains that use smart contracts , like ethereum, and I believe their potential market dwarfs that of "store of value" chains. Platforms like ethereum are an operating system for decentralized finance and commerce. Think of bitcoin as DOS and ethereum as Windows or Mac OS. There is nothing wrong with DOS. It came first and was an essential part of the computer's success. Us geeks grew up on DOS, but computers only went mainstream when Windows and Mac OS appeared.DOS is difficult to learn, tricky to program and fe Continue reading >>
Ethereum Price News: Will Cryptocurrency Ever Reach Wild Highs Of $100,000 Per Coin? | City & Business | Finance | Express.co.uk
Ripple price news: Why is ripple going down? Why is crypto falling? In that case, the market capitalisation would have the potential of reaching $100trillion (71trillion), leading us to believe the price of Ethereum might rise as high as $1,000,000 (716,870) per coin. However, the expert warned that price predictions should not be taken as gospel given the sporadic and often unpredictable nature of market prices. He went on: Given the sporadic and often unpredictable nature of cryptocurrency, many new traders turn to social media for answers. And its no wonder why: With the meteoric rise of cryptocurrency in the last two years, new investors are wondering if they can make massive returns and buy a castle in the San Francisco Bay Area. 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 People tend to take price predictions as gospel and make poor decisions based on even the most tempered recommendations. A big topic of cryptocurrency speculation at present is the future of Ethereum (ETH). Will Ethereum ever reach $10,000 (7,168.70)? My answer is simple: I dont know, and Im not going to tell you that it will. But what I will tell you is how to figure this out for yourself by understanding market capitalisation. Mr Schuster explained that market capitalisation refers to the total value of a cryptocurrency and not just to the single price of one coin. He went on to describe that the current supply of Ethereum is estimated at 97million tokens. The expert declared: Market capitalisation goes a step beyond price to give more context to the total value of a cryptocurrency. Youve likely heard that Ethereum is worth many billions of dollars depending on the day. "The way to Continue reading >>
Ether Will Reach $100,000+ And This Is How : Ethtrader
Welcome to /r/EthTrader | Foundation Tip Jar | Rules | Policy | Mod Logs | Vote Tracking | News Timeline | Education | Comments RECDAO is a meta-community that seeks to provide Ethereum-based tools for improving how we use Reddit. Pre-register and then register your Reddit username on the Ethereum blockchain, vote in the dao, and be awarded community tokens based on your karma in community subs. Please see the FAQ for more details. TECHNICAL ANALYSIS FUNDAMENTAL ANALYSIS DISCUSSIONS DAPP DISCUSSIONS NEWS DAPP NEWS SCAMS WARNINGS TOKEN WARNINGS SECURITY RELEASE DAPP RELEASE EXCHANGES ADOPTION DAPP ADOPTION SENTIMENT STRATEGY METRICS MINING EDUCATIONAL MEDIA LEGACY DAPP ERC20 TOKEN AUGUR ALTETH ALTCOINS COMEDY SUPPORT TOOL You can correct inaccurate link-flair assignments by typing "[AutoMod]" along with the flair name in a top-level comment, e.g. [AutoMod] DAPP-NEWS. All flair names are capitalized, e.g. use [AutoMod] EXCHANGE instead of [AutoMod] Exchange. Two word flairs require a hyphen in between them. Requires 100 comment karma and 1-month account age. If this feature doesn't work, please message the modmail . Continue reading >>
Bitcoins $100,000 Mark Is Achievable Heres Why
Bitcoins $100,000 Mark is Achievable Heres Why Jinia Shawdagor December 3, 2017 8:15 am 2017 has been a booming year for many cryptocurrencies and Bitcoin is the craziest one. The cryptocurrency hit a record high this year at above $10,000, bringing a lot of surprises to Bitcoin enthusiasts, prediction gurus, investors, and naysayers as well. But where does the cryptocurrency go after 2017? Predicting the future in any field is hard. And in the bitcoin and cryptocurrency ecosystem, it is even harder to predict what will happen the next day. In 2017 alone, Bitcoin has encountered a plethora of forecasters and predictors, each who gave their view on the price of Bitcoin at the end of the year and beyond. While many of them missed the point (they underestimated the cryptocurrency), others just did not know what they were actually talking about. Bitcoin is still young, its growing so fast into our society, and it will be with us for decades to come. Will these predictions be anything to go by? It looks like the data points to the right direction. Lets see what Bitcoin has for us in the next 3 years. The $100,000 Per Bitcoin Mark Will be Realized It was $1, then $1,000, and now above $10,000. The skyrocketing of the price of Bitcoin is disruptive, and 2017 has seen a crazy appreciation of the digital currency. The transaction volumes of Bitcoin to USD each day has increased more than 100 times since the beginning of 2017, and the trend isnt stopping anytime soon, telling the world that the cryptocurrency is going to hit record highs in the coming next 3 years and beyond. When John McAfee predicted that Bitcoin prices will hit $5,000 at the end of 2017, he was touted as being over-ambitious and predictive. But his $5,000 mark was surpassed by 50 percent. Seems he himself und Continue reading >>
Bitcoin 2018 Predictions: Cryptocurrency Could Hit $100,000 | Money
The values of Bitcoin, Ripple , and other cryptocurrencies have been crashing lately, but one analyst is predicting a huge rise ahead for Bitcoin—with a forecast for it to reach as high as $100,000 in 2018. For that to happen, each unit of Bitcoin, currently worth around $12,000, would have to increase by more than eight times its current value. That might seem highly unlikely. But the analyst predicting Bitcoin’s 2018 surge has been right before. Toward the end of 2016, the Danish firm Saxo Bank released its annual list of “Outrageous Predictions” for the year ahead. In it, the bank’s analysts said that Bitcoin could easily triple in value in 2017. That prediction came true by the spring of 2017. Bitcoin went on to increase from around $900 to $18,000 in the course of the year. Bitcoin has struggled since the end of 2017. It has plunged on more than one occasion , and its current value is down roughly one-third from its all-time high. Nonetheless, Saxo Bank analyst Kay Van-Petersen told CNBC on Tuesday that she “wouldn’t be surprised” if Bitcoin peaked between $50,000 and $100,000 this year. The pattern Van-Petersen has seen is for Bitcoin to surge in value, then plunge and plateau for a little while, before surging again. Right now, Bitcoin has been “kind of building a foundation,” Van-Petersen said, and soon it “will re-rate a bit higher.” Last month, Saxo Bank’s “Outrageous Predictions” for 2018 called for Bitcoin to peak above $60,000 this year. But the bank’s analysts also say that the Bitcoin bubble will ultimately pop before the year ends. “After its spectacular peak in 2018, Bitcoin crashes and limps into 2019,” the bank stated, with each unit of Bitcoin worth only around $1,000 one year from now. Bear in mind that while Sax Continue reading >>
Do You Think Ethereum Could Ever Reach The Same Price As Bitcoin?
Do you think Ethereum could ever reach the same price as Bitcoin? Bitcoin and Ethereum are two different creations. They do not focus on the same market applications or services. Bitcoin was primarily build to handle cash transactions (and may someday even be recognized as 'real money'), while Ethereum is a complex blockchain based contract mechanism. In my book Bitcoin is money, Ethereum is not. So market cap on Ethereum is not on their coin as much as on their blockchain solutions. I think that both have their place in the crypto world and dont have to compete. Bitcoin has secured its place as a great currency and is also capable of much more, and Ethereum is going down the road of smart contracts and dapps. Lets enjoy the road and cheer for both - stronger bitcoin benefits ethereum and vice versa. Ethereum has a full-fledged development team that supports the network and launch new protocols to improve it. They already experienced a hacker attack on theDAO which jeopardized the future life of the project, after the attack, by the way, if not in the know, there was a hard-fork in the network, and Ethereum Classic appeared. In spite of all this, ETH demonstrated a stunning growth over the past year ~ 55302% !!! The interest in this crypto-currency has been mainly due of the smart contract technology that first appeared on this blockchain, which in turn allowed ICO to be conducted and its token issued (by the way, I also recently issued a token by which active members of the community are rewarded). I believe in the Ethereum and believe in their team; I like their way of development. They act quickly and control the media - for all these resons Ethereum is hard to call decentralized, but in my opinion, it's for the best. For example, negotiations about the scalability Continue reading >>
Ethereum Is Doomed Why The Ether Cryptocurrency Will Fail In 2018
Ethereum is Doomed Why the Ether Cryptocurrency will Fail in 2018 Ethereum is Doomed Why the Ether Cryptocurrency will Fail in 2018 After languishing from May 2017 onwards at approximately $300 per token, Ethereum, the closest Bitcoin blockchain competitor is once again heading for a bull run. In the past 24-hours alone, over $1 billion has been traded over the Ethereum network. What is more, this has led to a $65 increase in the value of ETH tokens, with the current price sitting at $362 per coin. Naturally then, Ether cryptocurrency advocates are more than happy, especially in light of suggestions that ETH could soon test a new all-time price high of $420. The only problem is that anyone currently investing in ETH simply cant be in full control of their own mental faculties. Ethereum is Doomed ETH is in a Bubble & it Will Burst To understand why Ethereum is doomed, one only needs to look at how the Ethereum cryptocurrency as we know it came to exist in the first place. In June 2016, the original Ethereum blockchain suffered a catastrophic hack which saw millions of dollars in Ethereum tokens stolen by a presumed rogue insider. What is more, as reported by Coindesk later in October 2016, at least $100,000 associated with the then Ether hack was later successfully exchanged into Bitcoin. Where things get really startling, however, is when one looks at what happened with Ethereum (then Ether) immediately after the June Ether Bitcoin heist. ETH blockchain developers, after all, didnt overhaul the security of the blockchain, nor put in place new cybersecurity countermeasures. Instead, the then Ether community simply decided to fork the Ether blockchain and erase all record of the June hack from the new Ethereum blockchain which people know and use today. ETH Holders Need Continue reading >>