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 >>
Do You Think Ethereum Could Ever Reach The Same Price As Bitcoin? Eth The New Leader ???
Cryptocurrency lovers often ask this question and some are even sure that Ethereum will most certainly reach that price where Bitcoin is. However, there are more things that you need to know before making such a wild guess. Bitcoin and Ethereum are two different creations. They do not focus on the same market applications or services. Both are way apart in terms of the purpose they were created for. Bitcoin primary goal is to serve as a decentralized currency while Ethereum is meant to provide a platform for dapps and smart contracts. 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. Bitcoin has one advantage that no other currency can have it or will have it and that is, the first ever cryptocurrency. Ethereum will have to share its market with other platforms such as NEO and more specialized platforms like Stratis, QTUM, Komodo etc. Another and very important point is that Ethereum will somehow never be stable. Companies will issue ICOs and then dump in the market (like they did before). So, this somehow give you a signal that people are not interested in Ethereum CURRENCY itself but want to build their success upon Ethereum and raise funds. As a result, those who are genuinely interested in the currency itself gets hurt. For example, ETH for the first time touched the $400 landmark on Jun 12 and then ICOs started dumping. Its been 4 months it hasnt even came close to that target. I know that Bitcoin has suffered even longer but those were the infancy days. People are now aware of Cryptos and what they can actually do. And that all bring us to a point, will a Restaurant, Coffee shop etc. ever accept Ethereum as regular mode of Payment, knowing that 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 >>
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 >>
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 >>
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 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 >>
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 >>
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 >>
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 >>
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 >>
With Ethereum And Bitcoin Reaching All-time Highs, Hacking Attacks Will Increase
With Ethereum and Bitcoin Reaching All-Time Highs, Hacking Attacks Will Increase The market valuation of bitcoin and Ethereum have reached new all-time highs, and investors including billionaire hedge fund legend Mike Novogratz believe the two cryptocurrencies could at least triple in value by the end of 2018. Amidst strong rallies and price surges, hackers often tend to target centralized exchanges and trading platforms to search for vulnerabilities within the platforms. Hackers target wallet archives and files such as Copy.dat, wallet.dat, wallet.dat.1, wallet.dat.zip, wallet.tar, wallet.tar.gz, wallet.zip, wallet_backup.dat, wallet_backup.dat.1, wallet_backup.dat.zip, wallet_backup.zip, to potentially steal private keys and user funds. Given that the average bitcoin price exceeded $11,000 this week, security researcher and expert Didier Stevens noted that hackers are more likely to target bitcoin platforms at this phase in which the market is highly confident and optimistic in the short to mid-term growth trend of bitcoin. Ive seen a couple of such requests a couple of years ago, but its the first time I see that many. The first time I observed this was late 2013, in the middle of the first big BTC (bitcoin) price rally, said Stevens. For cryptocurrency investors, it is essential that they take security into consideration and are always in possession and control of their private keys. Cryptocurrency exchanges, apart from decentralized applications and peer-to-peer exchange protocols are custodial platforms. Hence, private keys of wallets and user funds are managed by a central entity. The centralization of funds leaves bitcoin and Ether stored on exchanges which are vulnerable to hacking attempts. Bitfinex and Bithumb, two of the largest cryptocurrency exchanges by 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 >>
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 >>
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 >>