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 >>
Price Analysis, Dec 06: Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Dash
Price Analysis, Dec 06: Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Dash Dash is in the treadline, Bitcoin Cash is losing it. See what else. The views and opinions expressed here are solely those of authors/contributors and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. When the price rallies unabated and seems to be able to reach the moon, we can be certain that a short-term top is around the corner. Can I pinpoint the top? No! Can the market continue higher and make me look like a fool? Yes, it certainly can! However, cashing in profits, especially after such a vertical run is a good strategy. I believe, it is time for Bitcoin investors to start booking partial profits on their investment positions. They will get ample opportunities to re-establish long positions at lower levels when the correction starts. The introduction of Bitcoin futures trading in just a few days will bring forth a number of short sellers who are likely to bet against the incessant rally. For the first time, the Bitcoin bulls will be face to face with the bears, who will have the tools to short sell the cryptocurrency. It is difficult to predict whether the short sellers will force price downwards leading to a long liquidation or the bulls will force a short squeeze from the bears. Considering the uncertainty, it is wise to reduce the risk. Lets see, when should one start selling the positions. Since the low of $5450.86, on November 12 , only one strategy has worked for Bitcoin, i.e., buy and hold. Traders who purchased at the lows are sitting on about 150% profits in less than a month. However, I never anticipated such a stellar rally. I kept waiting for the dip or a 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 Could 'easily' Reach $40,000 By The End Of 2018, Hedge Fund Legend Novogratz Says
Former Fortress hedge fund manager Michael Novogratz said Monday that bitcoin can multiply more than four times in roughly the next 13 months. "Bitcoin could be at $40,000 at the end of 2018. It easily could," Michael Novogratz said Monday on CNBC's " Fast Money ." " Ethereum , which I think just touched $500 or is getting close, could be triple where it is as well." Bitcoin was trading near $9,656 late Monday afternoon, after hitting a record high above $9,700 earlier in the day, according to CoinDesk. Ethereum hit a record high of $493.40 Monday, according to CoinMarketCap, and last traded near $482. The total market capitalization of all digital coins on CoinMarketCap hit $304 billion Monday. Novogratz said he expects that could increase by about six times to $2 trillion at the end of next year. Market capitalization of all digital coins (year to date change) "There's a big wave of money coming, not just here but all around the world," said Novogratz, formerly a macro hedge fund manager at Fortress Investment Group. He is planning to launch a $500 million digital assets fund through his new firm, Galaxy Investment Partners. Demand from Asia has contributed to bitcoin's gains. Japanese yen trading in bitcoin dominates trading volume at about 62 percent, according to CryptoCompare. U.S. dollar-bitcoin trading accounts for about 21 percent, and trading in South Korean won accounts for about 9 percent. "What's different about these coins than other commodities ... there is no supply response here," Novogratz said. "So it's a speculator's dream in that as buying happens there's no new supply response that comes up. So every price move gets exaggerated. It's going to get exaggerated on the way up. There will be 50 percent corrections. It will get exaggerated on the way do 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 >>
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 >>
Ethereum Price At All Time High On Billionaire's Prediction | Fortune
The Ethereum price broke $400 for only the second time in its history on Thursday, setting a new all time high early on Thanksgiving morning in the U.S. A rival cryptocurrency to Bitcoin, Ethereum rose as high as about $425 Thursday, a gain of more than 16% in a 24-hour period. Until then, the Ethereum price had for months hovered below its previous peak in June, when it had briefly surpassed $400 for the first time. The surge came as the billionaire cryptocurrency investor Mike Novogratz, a former hedge fund manager on Wall Street, reversed his bearish prediction on Ethereum. In June, shortly after Ethereum first hit $400, Novogratz had sold much of the cryptocurrency he owned, saying I think we may have put the highs in for the year in Ethereum, and youre going to slowly consolidate. Novogratzs call turned out to be prescient, and the Ethereum price did not revisit its earlier highsthat is, until this week, when the influential investor suddenly turned bullish again. Just in the last few days Ethereum has started to move, and I actually think its going to put a new high soon, Novogratz said in an interview on Bloomberg TV Tuesday. It took less than 48 hours for the Ethereum price to prove Novogratz right again. I think we end the year at close to $500 in Ethereum, he predicted, adding that the Bitcoin price, which reached as high as $8,300 this week, would hit $10,000 before 2017 comes to a close. Theres a lot of positive things happening in the Ethereum ecosystem, added Novogratz, who has recently begun raising money for his new cryptocurrency-focused hedge fund. The Ethereum price has already risen more than 50 times this year. To reach $500 before 2017 is out, Ethereum would need to rise another 25% from the $400 mark where it was trading early Thursday morningall Continue reading >>
Ethereum And Litecoin Reach New All-time Highs After Crazy Rally
It's a good day for someone who believes in cryptocurrencies that aren't Bitcoin. Don't get me wrong Bitcoin is doing just fine. At $17,459, it's grown more than 5 percent in the last 24 hours. But Ethereum and Litecoin, as well as numerous other cryptocurrencies, are doing even better. Ethereum rose 21 percent in the last 24 hours and is currently trading at $630, while Litecoin grew a whopping 83% in that same period and is trading at $327, according to CoinMarketCap . Both cryptocurrencies are trading at an all-time high right now. It appears that most promising cryptocurrencies are merely catching up with Bitcoin, which is taking a short break after an incredible rally throughout the year. But Litecoin and Ethereum each have their own reasons for growth. Litecoin, which is a lightweight, faster Bitcoin competitor, might be benefitting from a recently launched marketing campaign, announced last week by Litecoin founder Charlie Lee. We are starting to do a serious marketing push for Litecoin. This is just the beginning. Charlie Lee [LTC] (@SatoshiLite) December 6, 2017 Ethereum, which is more of a decentralized app platform than a cryptocurrency, might be rising on the wings of a recent statement by SEC chairman Jay Clayton . On Monday, Clayton laid down a sober and knowledgeable overview of initial coin offerings or ICOs. While a lot of his statement is an overview of the dangers in investing into these highly unregulated, risky endeavors, he clearly states that not all tokens distributed through ICOs are securities. "For example, a token that represents a participation interest in a book-of-the-month club may not implicate our securities laws, and may well be an efficient way for the clubs operators to fund the future acquisition of books and facilitate the distrib 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 >>
Can Ethereum Reach $3,000 By The End Of2018?
Blockchain Marketing Specialist (/ Subscribe (/ ICON ($42M) / MediBloc ($30M) / BOScoin ($12M) / :0 Can Ethereum Reach $3,000 by the End of2018? Yes for sure. It is very possible. In fact, this seems to be the most realistic scenario this figure is a good prediction to start with. Currently, the Ethereum tokens price is $746 the coin has demonstrated a rapid growth during the last few weeks given the general positive trend dominating the whole cryptocurrency market. Ether started this year at around $8.I mean 8 US dollars, can you believe that? Thats a 9200% return. For comparison, Bitcoin has generated a 1900% return at one point this year, and people were very impressed. For Ethereum, the return is astronomical. However, it doesnt necessarily mean that Ethereum will gain over 5000% or even over 1000% by the end of 2018. If we look at the current rate, we can see that Ethereum may double its price every few months. This is what has happened since June when Ethereum came back from a sudden crash in which it lost 99.99% of its price for a few seconds. That event actually hit Ethereums reputation and credibility, which stopped the sharp growth that was happening at that time. Ethereum briefly crashed from $319 to 10 cents in seconds on one exchange after multimillion dollar trade This digital currency briefly crashed from $319 to 10 cents in seconds on one exchange after multimillion-dollar trade So, if Ethereum would double its price every few months, which is happening right now, it can easily hit $3,000 by the end of the next year. It also depends on the general mood of the cryptocurrency market. If the whole crypto market grows, then Ethereum will reach that target for sure. However, if the governments and central banks will show opposition, the price might go down. 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 >>
Top 3 Ethereum Project Price Predictions For 2018
You might also like Litecoin Price Predictions 2018 I wrote this headline in June 2017, not sure if I should keep it when I will update the article next time. The price of an Ether should outperform that of a Bitcoin for the coming duration. What this means is that a dollar invested in Ether will return a higher ROI than investing the same dollar in Bitcoin. This indeed can be hard to believe in December 2017 when looking at Bitcoin price, but we all know that less than 4 weeks ago it was under $6,000. Most likely Bitcoin its being used by short term investors these days. In fact, the CEO of hedge fund Polychain Capital, Olaf Carlson-Wee, is of the opinion that the entire market capitalization of Ethereum will exceed that of Bitcoin by the end of this year. At least, thats his Ethereum price predictions for 2018. You can read here my BITCOIN PRICE Predictions for 2018 . There is plenty of evidence to support Olafs view. On the one hand, the previously mentioned 20-fold explosion of Ether in 4 months versus the 8.5 times growth of Bitcoin in a year and a half. Besides that, the fact that Bitcoin has lost almost half of its market share to Ethereum during the past four months. To put matters into perspective, four months ago, 90% of all money invested in cryptocurrency was invested into Bitcoin. Curiously, this number has dropped to somewhere around 45%. Conversely, Ethereums share of the total money invested has increased four times in size, making it approach the 30% area. Another indicator showing that Ether can overtake Bitcoin can be found by looking at whos backing each type of currency, as well as why they are backing said currency. Bitcoins focus on payment technology makes it popular with governments, such as Japans and Chinas governments. On the other hand, Eth Continue reading >>
Bitcoin, Ethereum, Bitcoin Cash, Ripple, Iota, Litecoin, Dash: Price Analysis, December 18
Bitcoin, Ethereum, Bitcoin Cash, Ripple, IOTA, Litecoin, Dash: Price Analysis, December 18 Thy cryptomarket is definitely heading to the moon, reaching $600 bln of total capitalization. The views and opinions expressed here are solely those of authors/contributors and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. Now, with Bitcoin futures trading on both the CBOE and the CME , Bitcoin has become available to the larger players with big pockets, which includes short sellers. It will be interesting to see what will happen with the cryptocurrency when the first bear attack. However, Ronnie Moas the founder of Standpoint Research has forecast Bitcoin to reach $300,000-$400,000 . He advocates investing into the cryptocurrency on every dip. On the other hand, UBS and ING have again warned that Bitcoin owners will lose their money. However, these calls by the large banks will have to be taken with a pinch of salt because they have been warning of a bubble from the start of the year and the digital currency is up about 19 times from there. Interestingly, the French Finance Minister wants to discuss Bitcoin at the next G20 summit in April 2018. A lot seems to be happening in the cryptocurrency universe. We are in for interesting times ahead. But first, lets see what does the picture look like for the next few days. In our previous analysis , we had suggested that the cryptocurrency will face resistance at the $20,000 mark and that is what happened. Yesterday, Bitcoin reached a high of $19,531.90, before cooling off to $17,900. We expect to see some volatility for the next couple of days. The uptrend and the momentum remain intact as long as the virtual curr Continue reading >>
Cryptocurrencies In 2018: What Can We Expect From Bitcoin And Ethereum?
Cryptocurrencies in 2018: what can we expect from Bitcoin and Ethereum? Icelands cheap energy has made it a hot spot for mining digital currencies such as bitcoin One of the hottest topics last year was the rise of cryptocurrencies, a form of digital money that can be stored without using a bank. Tech trends 2018: bitcoin, driverless cars and more The technology has gained popularity in recent years because in most cases cryptocurrencies are untraceable, The Daily Telegraph reports. This allows users to make purchases and investments anonymously. Theres only a finite amount of digital coins available. This has driven the value of some cryptocurrencies to five-figure sums. Here are some of the top virtual currencies of 2017 and how they might fare over the next 12 months: Bitcoin is currently the most valuable cryptocurrency on the market. Current prices for a single coin are priced at around 11,000, according to Coinranking . The cryptocurrency kicked off 2017 with a value of just 800 per coin before reaching its current highs. The coins substantial growth could continue this year, says Inverse, as some experts believe the digital coin could reach six-figure values. Thats because the digital currency is relatively scarce, with only 21 million coins available for people to purchase. But investor Jeremy Grantham says Bitcoin is currently experiencing a financial bubble and could plummet in value before the broad market peaks, reports CNBC . As one of the standout cryptocurrencies of the year so far, according to The Daily Telegraph , Ethereum passed the $1,000 (740) per coin mark in the first week of January. What sets it apart from Bitcoin is that Ethereums value is driven by its fast transaction speeds and hi-tech architecture, says Digital Trends ,while Bitcoins relat 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 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 >>