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Is Ethereum Overvalued 2018

Bitcoin 2018: Prepare For Major Value Crashes

Bitcoin 2018: Prepare For Major Value Crashes

Bitcoin 2018: Prepare for Major Value Crashes Bitcoin 2018: Prepare for Major Value Crashes // -- Discuss and ask questions in our community on Workplace . For all the euphoria of the past 12 months, the path forward wont be easy, strategists warn. With bitcoin prices reaching unheard of levels, the fear of missing out is proving too strong to resist. In finance, herd mentality is rarely a viable (or even successful) long-term strategy. That was one of the key messages Wall Street analyst and founder of DataTrek Nick Colas conveyed last week when he argued that bitcoin would see wild fluctuations over the next 12 months. In his estimation, bitcoin can conceivably trade between $6,500 and $22,000 over the course of 2018. In the process, market participants can expect several crashes of 40% or more. Bottom line: bitcoin can rally to $22,000 and still be reasonably priced, or plummet to $6,500 and also be correctly valued, he told CNBC. We expect to see bitcoin trade for both prices in 2018. // -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- // Bitcoin is in the process of becoming a great alternative currency, says Bubba Trading strategist Todd Horwitz, but getting there will be a long and painful process. For holders of the digital currency, this means more dramatic falls in value. In an interview with Bloomberg , Horwitz said: I would think that the bitcoin price is a bit of a bubble and I think you will see some more dramatic falls. But anytime we see dramatic falls you also see dramatic rises as the buyers try to get back in. He added: I do believe the cryptocurrency space is here to stay and I think its going to be a great alternative currency thats going to be used. Continue reading >>

Trace Mayer: Bitcoin May Hit Significantly Overvalued $115k In 2018

Trace Mayer: Bitcoin May Hit Significantly Overvalued $115k In 2018

Bitcoin Knowledge host and notorious advocate Trace Meyer has suggested Bitcoin could hit $115,000 in 2018 after its correction ends. The latest in a cluster of buoyant forecasts for the Bitcoin price to surface in recent weeks, Meyer tipped fellow analyst Tone Vays for suggestions on what to expect over the next eleven-and-a-half months. $115,000, despite being a theoretical possibility based on previous behavioral cycles, would be very overvalued, Mayer adds. Current (Bitcoin) run very similar to Jan-Mar 2013 run ($7->$266->$90; $700-$20k->$9k) with backlogged new accounts, etc. then Silk Road catalyst (salable supply shock) for $100->$1,200. Mountain of (Wall Street) money lining up, he wrote in accompanying comments. Current #Bitcoin run very similar to Jan-Mar 2013 run ($7->$266->$90; $700-$20k->$9k) with backlogged new accounts, etc. then Silk Road catalyst (salable supply shock) for $100->$1,200. Mountain of #WallStreet money lining up. What are potential 2018 $BTC scenarios? @ToneVays ? pic.twitter.com/PqrinsGSFz Trace Mayer (@TraceMayer) January 17, 2018 Bitcoin is currently recovering from a 48-hour slide which saw prices dip the most since 2013s Mt. Gox implosion. Trading around $11,370 at press time, major exchanges had offered as little as $9402 per coin Wednesday, representing the lowest asks since late November. Mayers optimism meanwhile partly echoes that shared by mainstream news outlet Business Insider earlier this month. On the topic of Wall Street participation moving Bitcoin markets, the publication suggested this weeks bonus allocation would result in a buying spree seeing cash flow into both Bitcoin and major altcoins. If that extra investment would overvalue Bitcoin, Mayer suggests that a fair value would lie anywhere between $9500 and $14,340 m Continue reading >>

So You're Thinking About Investing In Bitcoin? Don't

So You're Thinking About Investing In Bitcoin? Don't

So you're thinking about investing in bitcoin? Don't So you're thinking about investing in bitcoin? Don't A collective insanity has sprouted around the new field of cryptocurrencies, causing an irrational gold rush. I know youre tempted, but dont be a fool Mr Money Mustache is a financial blogger. He retired at 30 by living frugally and consistently investing his paycheck Last modified on Mon 15 Jan 2018 13.57EST An investment is something that has intrinsic value, not speculative value.Photograph: Anadolu Agency/Getty Images Ive been watching this bitcoin situation for a few years, assuming it would just blow over. But a collective insanity has sprouted around the new field of cryptocurrencies, causing an irrational gold rush worldwide. It has gotten to the point where a large number of financial stories and questions in my inbox ask whether or not to invest in BitCoin. Lets start with the answer: no. You should not invest in Bitcoin. The reason why is that its not an investment; just as gold, tulip bulbs, Beanie Babies, and rare baseball cards are also not investments. These are all things that people have bought in the past, driving them to absurd prices, not because they did anything useful or produced money or had social value, but solely because people thought they could sell them on to someone else for more money in the future. When you make this kind of purchase which you should never do you are speculating. This is not a useful activity. Youre playing a psychological, win-lose battle against other humans with money as the sole objective. Even if you win money through dumb luck, you have lost time and energy, which means you have lost. Bitcoin and cryptocurrencies 'will come to bad end', says Warren Buffett Investing means buying an asset that actually creates Continue reading >>

Can Ethereum Reach $6000 By The End Of 2018? - Quora

Can Ethereum Reach $6000 By The End Of 2018? - Quora

Can Ethereum reach $6000 by the end of 2018? Over $20,000 in your IRA or 401k? Here's how to move to Bitcoin. Open a Bitcoin IRA now for massive growth potential on a tax-deferred basis. Get a free info guide now. First, I own ETH and other crypto-currencies. Crypto currencies market is growing fast and is highly unpredictable. However, some facts make me believe it could: Lets do maths: 1 ETH can be bought tight now for 470$. To reach 6k, you have to multiply this value by nearly 12.75x, an increase of over 1000%! Now lets go back 1 year before the increase since 11/27/16 is 5166%. I agree that the amount of money required to re iterate this performance is huge but Big money incoming: btc futures are starting on dec 11th, eth futures will follow, bringing big money as CONFIDENCE in cryptos is increasing. ETH, unless BTC, is most sophisticated and could takes the lead in case of unsolvable problems on BTC (Im thinking about scalability problems, on txn fees aspect, but also in power requirement to mine, where ETH is working on Proof of Stake, (currently 0.13% of global electricity - google uses 0.01 to 0.02%)). FEATURES are still in development and we can expect a fully working ETH in 3/5 years, which will dramatically increase its value. ADOPTION and also AWARENESS also, is still low. And use cases are still very rare in everydays life. This a room for growth. Consider yourself as a early adopter, for real. These are pro that make me believe its not impossible. BTC will reach 10k soon and started under a cent. This is hard to believe but this is whats happening here. Now the cons, because Im totally aware that it can drop at any time, and I can list a few reasons here: Most of the market today is pure SPECULATION, I know whales and its a 100% profit mentality. Money w Continue reading >>

Ethereum Alumni And Cardano Creator Predicts A Cryptocurrency Market Crash

Ethereum Alumni And Cardano Creator Predicts A Cryptocurrency Market Crash

Ethereum Alumni and Cardano Creator Predicts a Cryptocurrency Market Crash Join our community of 10 000 traders on Hacked.com for just $39 per month. The creator of cardano portends that the cryptocurrency markets will undergo a serious correction that will help weed out projects with poor fundamentals. The 2017 market run-up injected hundreds of billions of dollars worth of capital into the cryptocurrency ecosystem, but many industry observers believe that the rally has been indiscriminate and could trigger a crash as investors gradually recognize that many projects have poor fundamentals. My personal opinion is that were going to see a consolidation after a crash, ethereum co-founder Charles Hoskinson told CNBC in an interview Friday. Hoskinson served as chief executive of the ethereum project during its early stages in late 2013 and early 2014. At present, he heads blockchain research firm IOHK, which is best known for its development of Cardano , which currently ranks as the fifth-largest cryptocurrency by market cap. The developer said that he believes the sheer number of cryptocurrencies with poor fundamentals makes a crash inevitable, as many of these projects are wildly-overvalued and ultimately unsustainable. The latest punching bag for analysts who share this opinion has been Dentacoin , a self-described blockchain solution for the global dental industry that currently boasts a market cap of $1.5 billion. Whats going to occur is a lot of these ventures that dont have strong fundamentals, dont have good tech, or just unrealistic projects, they will eventually run into some major wall they cant quite overcome, Hoskinson said. They will fracture up and you will see a lot of them are certain to fail. This, however, could not be realized for some time, as many pro Continue reading >>

Bitcoin Eyes $15k In 2018, But Dont Ditch Forks: Interview With Ronnie Moas

Bitcoin Eyes $15k In 2018, But Dont Ditch Forks: Interview With Ronnie Moas

Bitcoin Eyes $15k in 2018, But Dont Ditch Forks: Interview With Ronnie Moas Investor Ronnie Moas shares his opinions on Bitcoins future, with a particular emphasis on the currencys many forks. Prolific stock picker Ronnie Moas has had success with Bitcoin price predictions this year. From $2000 to $5000 and $7500 - all of these have come true for the investor who was earlier than most in the financial realm to advocate for cryptocurrency propagation. Now, with an increasingly large number of subscribers eager to get his insight on whats next, Moas is delivering more surprising advice. Holding on to Bitcoin forks is among his recommendations for cryptocurrency success going forward, something which may well upset some of the more die-hard Bitcoin Core supporters. In an interview with Cointelegraph, Moas shared more about his perspective on prices, forks and Wall Streets entry into the market in the form of CME Groups futures trading next month. Cointelegraph: The investment community is still split regarding even Bitcoin's short-term price prospects. Where do you stand in regard to the next 6-12 months? How much optimism (or pessimism) is overkill? Ronnie Moas: In the next 6-12 months I expect that Bitcoin will make a push towards $15,000 (and possibly $20,000). I look at the Bitcoin price as Bitcoin plus Bitcoin Cash plus Bitcoin Gold by that calculation we [have already] hit $10,000 up from $2,570 when I recommended Bitcoin in early July. This is not a bubble and it is not irrational exuberance. Bitcoin is currently trading 80%-90% below where I think it's going in the next five years. If 1% of the $200 trillion currently in stocks, cash, gold and bonds [all overvalued] worldwide ends up in Bitcoin, then Bitcoin will hit $125,000. An argument can be made that Bitcoin Continue reading >>

Ethereum Trends: 2018 Predictions

Ethereum Trends: 2018 Predictions

In 2014, when then 20-year old Vitalik Buterin released the Ethereum blockchain, the crypto space was already rapidly filling up with different cryptocurrencies. Granted, most of them were mere Bitcoin spoofs but the market was slowly taking shape. Most developers seemed keen on improving on the perceived flaws in the Bitcoin protocol without offering much in the way of diversity. The ideas seemed to be the same, design a trustless payment processing cryptocurrency. The introduction of Ethereum changed all of that as the power of the blockchain was increased by several orders of magnitude. Where blockchain was hitherto confined to the payment processing arena, developers were now wiser to the fact that it could offer a lot more. From that time onwards, Ethereum has continued to grow considerably. To the casual observer, its achievements may seem small in comparison to the record-breaking Bitcoin. However, crypto enthusiasts and financial monitors know just how far the Ethereum cryptocurrency has come in such a short space of time. Ethereum has for the most parts maintained a hold on the number two position behind Bitcoin in terms of market cap. It is regarded as the most valuable Altcoin and is the basis for a great majority of the advancements in the crypto space. The focus of this article is to look at a few Ethereum price trend predictions for 2018. For all the many gains that Ethereum has enjoyed over the years, there is one benchmark that it wasnt able to attain until 2018. That benchmark was reaching the $1,000 market price milestone. Ethereum had a stellar year in 2017. It seemed for all intents and purposes that it had shaken off the turmoil of the DAO hack that occurred the previous years. In fact, many an expert had sounded the death knell for Ethereum. In th Continue reading >>

Top 5 Cryptocurrency Projects To Watch In March 2018

Top 5 Cryptocurrency Projects To Watch In March 2018

Top 5 Cryptocurrency Projects to Watch in March 2018 Ah, March. What a perfect opportunity to draw parallels between springtime flowers blooming and beautiful blockchain projects likewise blossoming and thriving. Well, maybe its not the best analogy, but you get the point. The crypto space is developing at a fever pace, and we aim to do the work of researching projects that are especially active so that you can get in on the excitement. Lets not waste any time. Without any further ado, here are 5 cryptocurrency projects that well be keeping a close eye on in March. Well get the obvious pick out of the way first. As many of you may already know, there will be a new cryptocurrency being airdropped to holders of Ethereum Classic (ETC) at block 5,500,000 which is estimated to occur on March 5, 2018. The new coin is called Callisto (CLO). The aim of the project is to incentivize users to hold coins, thus creating a decentralized store of value as a result. This is done through a concept called cold staking . The simple explanation of cold staking is that it is used to pay dividends to participants who hold coins without requiring them to do anything else. In other words, there is no voting requirement to earn the rewards, nor is there a requirement to run a node. Just hold and youll earn interest. With Ethereum being the dominant platform for dapp development, Ethereum Classics role is supposed to be more geared towards store of value. However, there is currently no incentive to hold ETC beyond pure speculation. Callisto will be a good experiment to see if cold staking is an effective strategy, in which case it could be employed by Ethereum Classic itself sometime down the line. If you were paying attention during some of the other notable hardforks and airdrops in the cryp Continue reading >>

With Cryptocurrency, Buy The Substance, Sell The Hype

With Cryptocurrency, Buy The Substance, Sell The Hype

With cryptocurrency, buy the substance, sell the hype Image Credit: Wit Olszewski / Shutterstock The prevailing wisdom for cryptocurrency founders is that you win through hype: talk like an infomercial, parade clownish speakers around conferences, and attack critics relentlessly for spreading FUD . That approach works; many aggressive entrants have muscled their way to the top of the charts with these tactics (you know who you are). But theres another approach thats less talked about and just as widely employed, one that cryptocurrency founders and investors need to pay attention to: anti-hype. Ethereum recently fell from second place to third place in market cap. That was big news, but outlets are covering it wrong. The story isnt that Ripple beat Ethereum, its that Ethereum is playing the anti-hype game. It would be trivial for Ethereum to flex its muscle and rally past Ripple, perhaps even past Bitcoin itself. They power almost every cryptocurrency in the world and their founder, Vitalik Buterin, is the closest thing to a blockchain figurehead. But instead of talking up Ethereum on TV or making blustery statements about how Ethereum will disrupt this or that, Buterin calls token sales overvalued, lambasts bad actors, and makes statements like these: *All* crypto communities, ethereum included, should heed these words of warning. Need to differentiate between getting hundreds of billions of dollars of digital paper wealth sloshing around and actually achieving something meaningful for society. Vitalik Buterin (@VitalikButerin) December 27, 2017 Then theres Litecoin founder Charlie Lee, who recently announced that he was liquidating all of his Litecoin holdings. That action sent the price of Litecoin into freefall as speculators no longer wanted to bet on a founder wh Continue reading >>

What Are Some Predictions For The Ethereum Price By 2018?

What Are Some Predictions For The Ethereum Price By 2018?

What are some predictions for the Ethereum price by 2018? I think there is a good chance Ethereum will be $500 by the beginning of 2018. Even though the price of Ethereum has already appreciated significantly in 2017, there is still significant upside from current levels. Rather than focusing on the price for now, lets look at the following charts: There were 38,730 transactions Ethereum blockchain on 1/1/2017 and there were 140,135 transactions on 5/17/2017. That is 262% growth in less than 6 months! While its foolish to extrapolate trends ad infinitum, its not hard to imagine that there could be another 200%-250% growth in transactions by the end of the year. Cryptocurrencies, like social networks, have extremely strong network effects. As the adoption of Ethereum continues to grow, its utility and value will grow exponentially. There is compelling evidence of this if we look at Bitcoin. On 5/16/2012 there were 14,892 transactions on the Bitcoin blockchain and 317,527 on 5/16/2017. That is a growth rate in transactions of 2,132% over the course of 5 years. Impressive right? Complete Bitcoin's Price Chart with Related Historical Events The price of bitcoin was $4.99 on 5/15/2012 and $1726.46 on 5/16/2017. During the same 5 year period, the price of bitcoin increased by 34,598%, outpacing transaction growth by a factor of 16.2. If you ignore the Mt.Gox manipulated price spike in 2013, you can repeat this exercise over any time frame and the result will be the same price increases exponentially relative to transaction growth. In fact, the price increases at slightly less than the rate in transaction growth squared. If we take the estimate of 2-2.5x growth in transactions by the end of the year and square it, we get 45.25x price appreciation. Applying that to the current Continue reading >>

Will Ethereum Be A Better Investment Than Bitcoin In 2018?

Will Ethereum Be A Better Investment Than Bitcoin In 2018?

Will Ethereum be a Better Investment Than Bitcoin in 2018? Ethereum has been off to an impressive start so far in 2018 having reached several new record highs and climbing over 13,000 percent since early 2017. Is 2018 the year of Ethereum? While 2017 was the year of Bitcoin, 2018 is shaping upin a big wayto be the year Ethereum takes off. Since January 1, the second-largest digital currency by market cap has increased by roughly 74.7 percentup from $755.76 to briefly $1,369.78 on Wednesday (January 10) before dipping back under and fluctuating between $1,299 and $1,320.68. Bitcoin, on the other hand, has been more volatile. On January 1, the cryptocurrency was valued at $14,112.20 and subsequently reached a year-to-date high of $17,627.40 on January 5, but has since dipped back down to $14,638.50 as of January 10. As a result, speculation has beencircling as to what a better investment is: Bitcoin, or Ethereum? With Ethereum consistently reaching new highs this week alone, David Mondrus, CEO of Trive said that the resilience Ethereum has shown while other cryptocurrencies are dropping is indicative that Ethereum is the next safe haven. Ethereum is [currently] known as the strongest, most resilient of the [cryptocurrency] networks, Mondrus explained in a phone interview with the Investing News Network (INN). Bitcoin has its scaling problems. Mondrus continued, stating that bitcoin has had a scaling issue for several years now and that the blocks currently have a 1 megabyte (MB) limit, which means that blocks on the bitcoin blockchain are only able to contain 1 MB of data. Ethereum has its scaling problems [as well], but in Ethereums case, the move towards a scalable solutionlike shardingis well underway, he said. Looking deeper into 2018, Mondrus said he expects Ethereu Continue reading >>

Ethereum Has Outpaced Its Rival Cryptocurrencies Since The Start Of 2018

Ethereum Has Outpaced Its Rival Cryptocurrencies Since The Start Of 2018

Ethereum has outpaced its rival cryptocurrencies since the start of 2018 Ethereum is the best performing major cryptocurrency so far in 2018. The second-largest coin by market cap has gained 46% since January 1, compared to the overall market's 15% drop. The global cryptocurrency market might have lost 15% - or $93 billion of value - since January 1, but not all coins have declined equally. Ethereum has fared well in 2018, avoiding the drastic selling that has left other coins in the red. The second-largest cryptocurrency by market cap is up more than 46% this year, according to Markets Insider data, far outpacing bitcoins 25% decline. XRP , the third-largest cryptocurrency, controlled largely by its creating company Ripple, is down more than 45% since January 1. Cryptocurrencies worth less than $1 billion haven't fared well either. The fourth-largest digital coin, bitcoin cash , has plunged 35.9% so far this year. 2018 has been marked by wild price movements, often over 10% in either direction, as fears of regulation in the US and abroad routinely wipe out billions of dollars in market value on any given day. Thats a near complete departure from 2017, a year in which prices seemed to move upward at a breakneck pace. "The state of cryptocurrency is incredibly strong," Andy Bromberg, CEO of CoinList, an ICO hosting platform, told Business Insider. "Looking far beyond the prices, we're seeing an increasing number of high-quality projects in the space, with experienced teams, impressive early technological breakthroughs, and rigorous legal structuring. "We expect to see this continue into 2018 as the industry matures and professionalizes -- a necessary step for it at this time." Continue reading >>

2020 Predicted Big Stock Market Crash; Not For Bitcoin Or Ethereum

2020 Predicted Big Stock Market Crash; Not For Bitcoin Or Ethereum

2020 Predicted Big Stock Market Crash; Not For Bitcoin or Ethereum What to buy when the stock market crashes? Bitcoin? Probably the best option of safe havens. How to cash in when the markets spiral downwards? Some experts have speculated that institutional investors could seek safe haven in the virtual currencies especially Bitcoin and Ethereum in the future. According to Fortune, the current bull market in stocks is the second-longest in history, having lasted 104 months so far. The longest bull market in history ended in 2000 after an impressive 113 month run. So the mathematics for many experts are very simple, as next one big crash in stock market is predicted to happen during the next couple of years. The stock markets inevitable turn is expected approximately by 2020?!? During the last nine years of rock bottom interest rates, have left overvaluation clearly evident in stocks, bonds and real estate, so even Blue chip stocks like Apple, Microsoft, and IBM are thought to be overvalued and are expected to plunge. As the saying goes in a crowded hall, the exit doors are small. Economist Andrew Smithers warns, U.S. stocks are now about 80% overvalued. Mark Faber, the prophetic Dr. Doom himself, recently told CNBC that investors are on the Titanic and stocks are about to endure a gut-wrenching drop that would rival the greatest crashes in stock market history. Jim Rogers, who founded the Quantum Fund with George Soros, went apocalyptic when he said, A $68 trillion Biblical collapse is poised to wipe out of their wealth millions of Americans. James Dale Davidson is the famed economist who correctly predicted the collapse of 1999 (2000 bubble burst) and 2007 (2008 bubble burst). And if Davidson calls for at least 50% market correction the predictions should be taken ext Continue reading >>

Ether Price To Head Towards $1,500 In 2018

Ether Price To Head Towards $1,500 In 2018

Ether Price to Head Towards $1,500 in 2018 by Dmitriy Gurkovskiyon Friday, December 22nd, 2017 12:08am UTC Leave a comment Currently trading at $825, Ether price is likely to be pushed straight away, breaking through $1,000 to as high as $1,500 in Q1 2018. It took Ether just a single week to reach the target we outlined on Dec 14, within the range of $820-$850, with the digital currency now trading at $825. Looks like, technically, the overall scenario has been confirmed, as an ascending trend gains momentum despite the latest correction. For now, one should watch the price moving around $815 in the short term (within a week), which is an important support level. Nonetheless, the market may push the price straight away, with the target being $925 quite near the very important level of $1,000. There also could be a negative scenario, with Ether falling to $815 and, if the support breakout occurs, it is likely to fall all the way to $685. In an even worse case, Ether may sink to $534, which is a trend line. However, the most likely story is that Ether will continue rising and gaining more market cap. Once it hits $1,000 and remains there, there will be many more Ether fans around. Still, a good liquidity rise may only occur in case Ether derivative (like those of Bitcoin) are announced. The investors do not like the story currently happening at CME, perhaps because Bitcoin looks overvalued now, with the growth rate over the last 10 weeks too high even for the most optimistic traders. Ether is a different story: theres no bubble about it, but there are some state-of-the-art technologies and, perhaps, an unlimited potential of those instead. Ether cost $8.04 on Jan 1, 2017, while the current price is $820.91, and this is stunning. The digital currency exploded in growth af Continue reading >>

Ethereum's Co-creator Predicts A

Ethereum's Co-creator Predicts A "flippening" With Bitcoin In 2018

Ethereum co-creator Steven Nerayoff says increased projects built on the cryptocurrency could trigger a "flippening" in 2018, in which ethereum overtakes bitcoin. "What you're seeing with ethereum is exponential increase in the number of projects there are billions of dollars being poured into the ecosystem right now maybe 10 times more projects this year than last year, which could easily lead to a doubling, probably a tripling in price by the end of the year," Nerayoff said Monday on CNBC's "Fast Money." While bitcoin was designed to function as a peer to peer electronic payment system, ethereum was designed for smart contracts that execute when specific conditions are met. Nerayoff, who helped craft token sales for the ethereum project, said businesses in an increasingly wide variety of industries are starting to take note of what value Ethereum's protocol could offer them. "You're seeing a tremendous amount of growth across a wide variety of industries. Fintech is actually the natural area, but now you're seeing it becoming increasingly more creative you find projects in the oil and gas industry, you're finding government using it in their applications, you're seeing it in gaming, all kinds of different areas," Nerayoff said. Beyond project building, Nerayoff said usage is increasing because ethereum can process transactions more quickly and cheaply than its rival. "People are actually using it for currency, as well," he said. "Lower transactional costs are increasing usage of the entire network, and that's increasing the network effects of it. There are more users, more projects being built on there and more programmers," he said. Despite his confidence, Nerayoff isn't discounting bitcoin and the interest in cryptocurrency it inspired in 2017. "The entire space is Continue reading >>

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