Bitcoin Headed To $100,000 In 2018, Says Analyst Who Predicted Last Year's Price Rise - Bitcoin
Bitcoin headed to $100,000 in 2018, says analyst who predicted last year's price rise He didn't predict the price rise. Just put a very conservative price tag on it.Predicting the 20 000 rise would have been something. Just click log on your chart with monthly candles. Lol these are the people trading bitcoin. Were hopeless you guys. The majority of people in the actual stock market have 0 understanding how the stock market works, so im calm. Thats not true lol if they have no idea how the market works, theyll have someone pick their stocks or invest in conservative index funds. People on this sub dont understand how markets work in general, I swear theres gonna be a top comment blaming (((the Jews))) for the next crash. In my own experience a lot of people buy stocks based on feeling not real data. Or they listen to stuff like Jim Cramer and think they are smart investors. Not every is rational and do index funds. Either way, the vast majority of the money in the market is managed by professionals who research this shit (along with their bots). You're literally talking about the lowest common denominator. That has to make up at least 40% of any market cap, including Indexes/ETF's and Dead/Lost Stock. There's the middleweights who include the DT's (day-traders), hedges, private long-holders / equity stakeholders. Then you have the 10% at the top who definitely have inside information who stagger out their buy/sell plan years in advance because the SEC only requires you to publish basic P/L's as far as I'm concerned. Also, rational =/= index funds... It's like saying all those people who bought into index funds pre-08 that enjoyed the success of a Housing Futures ETF up until that point were rational. You guys are so dumb. Bitcoin isn't a stock. It's not on the stock ma Continue reading >>
80% Of All Bitcoins Will Be Mined By 2018
80% of all Bitcoins Will Be Mined by 2018 What? Butwe thought there is going to be anunlimited supply of Bitcoins? Thats the kind of response I get when I mention about Bitcoin numbers to people. First off, you need to know there is a limited supply of Bitcoin that will ever be mined which is21 million ONLY, to be exact! The last Bitcoin will be mined in the year 2140. But, according to the rate Bitcoins are being mined today, with the increase of hashpower using someof the worlds most powerful Bitcoin mining machines , AND with an increase inbitcoin miners that have joined in mining scene, we may see this 80% rate hit even sooner than 2018. According to a recent release from Bitcoin.com and data shared by Blockchain.info ,Bitcoins mining distribution has changed quite a bit since the early days. Over the past five years, it shows there are now more mining pools than ever. More recently, an assortment of smaller mining pools have entered the game. Charts show roughly 20 different mining factions command the hashrate distribution in 2017. In January of 2018, 80% of all 21 million BTC will be mined and brought into circulation. A significant milestone that should not be overlooked by any means. China mines the most bitcoins and therefore ends up exporting the most bitcoins. Electricity in China is very cheap and has allowed Chinese Bitcoin miners to gain a very large percentage of Bitcoins hash power. Its rumored that some Chinese power companies point their excess energy towards Bitcoin mining facilities so that no energy goes to waste. China is home to many of the top Bitcoin mining companies: F2Pool , AntPool , BTCC , and BW. Its estimated that these mining pools own somewhere around 60% of Bitcoins hash power, meaning they mine about 60% of all new bitcoins. Georgia Continue reading >>
What's Next For Bitcoin?
Sizing up Bitcoin is a tall order. Even as the price of one bitcoin soared above $10,000, a debate raged over what, exactly, Bitcoin is: A digital store of value, a revolutionary payment platform, or the promise of a completely new, blockchain-based financial system. The truth is that Bitcoin is all of those things, but whether it'll succeed as all three or any of them remains to be seen. SEE ALSO: Ladies and gentlemen, one bitcoin is now worth $10,000 Bitcoin's price increased tenfold in 2017 and moved into the media mainstream. But for all the headlines and Bitcoin billionaires , the underlying technology mostly stood still. A significant (and highly controversial) upgrade of its software fell through . And the earlier, minor upgrade still isn't widely used yet . The most important problem these upgrades were supposed to fix bitcoin's biggest problemthat it's escalating popularity had exposed an underlying issue with Bitcoin's distributed database. The issue limited just how much Bitcoin could process at any one time, making the network congested and transactions expensive (not to mention power-hungry ). Put simply, while Bitcoin has exploded in value and popularity, the base technology has remained stagnant. And that casts a shadow on its future right when competition among cryptocurrencies is on fire. With this issue unresolved, Bitcoin lately hasn't evolved in the direction its founder (or founders we don't know his identity) Satoshi Nakamoto had originally envisioned for Bitcoin to become a peer-to-peer digital cash payments system. Sure, you can use Bitcoins for payments, but with transaction fees going through the roof and Bitcoin's price constantly rising, it's just not a very good way to pay for things online. No wonder big online retailers such as Amazon are Continue reading >>
5 Step Bitcoin Mining Calculator 2017 - Will You Profit?
There are many factors that affect your mining profitability. Two of the main factors that influence your profitability are: the Bitcoin price and the total network hash rate. The Bitcoin network hash rate is growing at a rate of 0.4527678% per day. This means if you buy 50 TH/s of mining hardware your total share of the network will go DOWN every day compared to the total network hash rate. Our calculator assumes the 0.4527678% daily increase in network hash rate that has been the average daily increase over the past 6 months. Without factoring in this growth, most Bitcoin mining calculators show results that appear MUCH, MUCH more profitable than reality. Even though the network hash rate will cause your share of the network hash power to go down, the Bitcoin price can help make up some of these losses. The Bitcoin price is rising at a slightly lesser 0.3403% per day over the past year. We suggest you enter a custom Bitcoin price into our calculator based on what you expect the average price to be over the next year. Since our calculator only projects one year out, we assume the block reward to be 12.5. We also use the current Bitcoin price in our calculations, but you can change the Bitcoin price to anything you'd like to get better data. Continue reading >>
Bitcoin Difficulty Increase What's Going On ?
Bitcoin Difficulty Increase what's going on ? I just checked the difficulty and it seems to increase a lot lately. At this rate and if the price doesn't increase an s9 will not be much profitable by the summer.... I'm struggling whether I should invest in a dozen of S9 but things are not so motivating now compare to sept/oct when i first look into it. More miners turning on (we had a period of tiny difficulty increase a bit ago), and miners switching from BCH to BTC as BTC has become more profitable than Cash again. Most people buying miners now are hoping that price will go up and make their purchase of a miner worthwhile. Dangerous game as price stays stable but difficulty continues to skyrocket. I just checked the difficulty and it seems to increase a lot lately. At this rate and if the price doesn't increase an s9 will not be much profitable by the summer.... I'm struggling whether I should invest in a dozen of S9 but things are not so motivating now compare to sept/oct when i first look into it. Well you can not project difficulty beyond 4-6 weeks. and the diff can rip 20% 2 in a row or do a -1% and then a 2% It all boils down to how much risk will you take. Myself I moved into gpus much stronger then asics. but I have about 70 gpus mostly all nvidia 1080tis. I felt gpus are less risk then asics. I mine alt coins with ... I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions. There will be another ramp up in difficulty as well since Bitmain, Avalon, Halong, and Ebang all have new miners coming out in the next few months. That being said, considering the s7 is still profitable even at high power costs, saying that the s9 will not be profitable in a few months seems pretty silly. And again, you CANNOT forecast profits in this i 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 >>
Is Ethereum Mining Profitable In 2018?
In this article we will try to figure out the profitability of Ethereum mining As the price of Ethereum isaround $1000 you may be wondering to yourself whether its worthwhile to mine ETH. Like Bitcoin, Ethereum is a proof-of-work coin that uses miners to confirm network transactions. The profitability of mining varies from person to person and changes over time usually becoming less profitable as the coin matures. In this article we will try to figure out the profitability of Ethereum mining. There are three important factors to consider: In a word, your mining rig needs to solve a mathematical algorithm to mine Ethereum. The mining difficulty of the network is a measurement of how difficult this algorithm is to solve. The higher the difficulty, the less Ethereum you receive for each unit of energy the GPU on your mining rig expends. As more miners join the network the difficulty increases. The Ethereum mining difficulty had been steadily increasing since the beginning of December with 1,500TH to ~2,500H. EtherscanEthereum Block Difficulty Growth Chart The daily block rewards of ETH have hardly changed since December and it is currently ~20.339 ETH. The hashrate is the speed in which your mining rig can solve the mathematical algorithm needed to validate a transaction. Miners with a high hashrate usually come with a high price tag, but they also typically use more electricity as they operate which could further drive your costs up. Average hashrate of ethereum network has increased since December from ~125492GH/s to ~203394GH/s, which is the highest rate of all time at the moment. Etherscan Ethereum Network HashRate Growth Rate Each mining rig works at a different level of efficiency and uses a variable amount of electricity. On the low end, miners typically draw ~100 Continue reading >>
An Introduction To Vertcoin: The Peoples Coin
Share on Facebook Share on Twitter Share on Google+ Share on LinkedIn One of the coins that has received an increasing amount of community attention over the past several months is Vertcoin an impressive platform from a technical perspective. It combines the features of Bitcoin and Litecoin such as the Lightning Network, Atomic Swaps,and Segregated Witness while also delivering privacy functionality such as Stealth Addresses. The Vertcoin team is a non-profit organization comprised entirely of volunteers. Upon its conception, there was no premine or initial coin offering in order to ensure the fairest distribution of tokens to its users. Launched in January 2014. Vertcoin is an open and decentralized currency built on blockchain technology. Vertcoin is known as the peoples coin for good reason and aims to be mined by anyone, profitably. It accomplishes this by being ASIC-resistant which, in turn, means that GPUs and CPUs are most effective at mining the currency. ASIC stands for application specific integrated circuit, and are used often in cryptocurrency mining. Typically, ASICs provide an enormous hash power increase over CPUs and GPUs, as they can be designed for a very specific task. For example, Bitcoin and Dash mining are completely dominated by centralized ASIC mining operations in locations with cheap electricity, such as China. The most powerful Bitcoin ASIC, the Antminer S9 , provides 13.5 TH/S on the current Bitcoin difficulty. Most high-end mining GPUs will barely break 40 MH/S on Bitcoin. Lets figure out how big of a difference that is. 1 GH/s is 1,000,000,000 hashes per second. 1 TH/s is 1,000,000,000,000 hashes per second. 1 PH/s is 1,000,000,000,000,000 hashes per second. 13.5 TH/S is 13.5 trillion hashes a second. The Antminer S9 will provide around 33 Continue reading >>
Bitcoin Difficulty Chart | Bitcoin Difficulty Prediction
Bitcoin difficulty is an estimate about how difficult it is to mine (find) a new bitcoin block. Bitcoin mining has two main purposes. One is adding transactions to the bitcoin block chain. The other purpose is to create new bitcoins. The total number of bitcoins that will ever be mined is limited to 21 million. Moreover, the bitcoin protocol determines a time horizon over which the bitcoins will be created. This is done to limit the supply of bitcoins . A new block is mined every 10 minutes. The number of bitcoins in one block is currently BTC 25 and is halved every 210,000 blocks or approximately every four years. If everybody could easily mine new bitcoins, inflation would be the result. Bitcoin difficulty exists to ensure a limited bitcoin supply. This does not mean there could be no inflation for bitcoin. Activities like bitcoin lending can increase the bitcoin money supply. But the main underlying driver of money supply remains the monetary base which is represented by the number of mined bitcoins. Therefore bitcoin difficulty is important to maintain the bitcoin purchasing power . Bitcoin mining gets more difficult with an increasing computing power in the network. The protocol always makes sure the pre-defined trajectory of bitcoin creation is kept. The computing power is measured in hashes per second. To understand what that means, the process of mining needs to be explained in further detail. When a computer mines bitcoins, it tries to calculate a hash which is the block's header. The hash starts with a certain number of zeros. The number of zeros is defined by the target. The target is a 256-bit number and is therefore extremely long. All bitcoin clients know the target. It gets more difficult to mine bitcoins, the more leading zeros the hash has got. At the Continue reading >>
Bitcoin Difficulty Prediction 2018
Bitcoin Difficulty Prediction for 2018 Anything Crypto This video explains what factors could effect Bitcoin difficulty in 2018, listing several things that could cause the difficulty to go up significantly. Bitcoin difficulty in 2018: www.any... Bitcoin Difficulty Predictions that are Wrong (December 2017) Anything Crypto This guide goes through charts/websites displaying Bitcoin difficulty that are wrong, and explains where you can get the correct value from. Bitcoin difficulty in 2018: www.anythingcrypto.... Hashflare Bitcoin Mining | Mining Difficulty - Profitable in the Future? Jay Crypto Updated Hashflare Strategy: "How to Turn $400 into $200000 Mining Bitcoin" ru-clip.com/video/0iEcMn9M6qg/.html --~-- Hashflare Bitcoin Mining | Mining Difficulty - Profitable in the... Bitcoin Mining Difficulty - Don't believe the hype The Crypto Lark Bitcoin mining difficulty is a real drag, but it is not what you think. Get 3% off on Genesis Mining - nBiS6j Join Hashflare and start mining Bitcoin, Dash, and Ethereum hashflare.io/r/... Risks of Reinvesting Bitcoin on HashFlare Anything Crypto This video goes through risks when reinvesting mined Bitcoin on HashFlare. We go through: - Effect of affiliate program - Underestimating difficulty changes - Contract price changes - Withdrawal... Mining Difficulty and Analysis Cryptocurrency Investments Genesis Mining: www.genesis-mining.com/a/715619 Discount Code: 6EFDl3 Follow me on Steemit: steemit.com/@crypto-investor -------------------- In this video I share some analysis... Antminer S9 Still Profitable?? 18% Increase in Bitcoin Mining Difficulty JMS Vlogs So is the Antminer S9 still profitable for Bitcoin mining with the 18% increase in the Bitcoin mining difficulty? Binance for Crypto Trading: www.binance.com/?ref=19559826 Antmine Continue reading >>
Bitcoin: What Does 2018 Hold In Store?
By Rakesh Sharma | January 6, 2018 6:30 PM EST How Coinfloor's Bitcoin Futures Differ from CME, CBOE The cryptocurrency graduated from outsider status to becoming part of mainstream conversation as its volatile price trajectory, scandals, and promise crafted an exciting growth story. By the end of 2017, bitcoin futures had begun trading at prominent exchanges, such as CME and CBOE , and governments around the world were considering regulation for the cryptocurrency. If bitcoins enthusiasts are to be believed, 2018 will be another stellar year. To make their point, they cite price predictions by experts and analysts. But it is difficult to take those predictions at face value. This is because bitcoin is unlike other fiat currencies. In addition to the economics of supply and demand, technological innovations and government regulation also play a significant role in determining its price movements. With those caveats in mind, here is a brief list of factors that might influence its price in the coming year. High transaction fees regularly cropped up as a countervailing narrative to bitcoins growth story in 2017. The SegWit hard fork, which increased the size of blocks on bitcoins blockchain, was expected to speed up numbers of transactions and lower their fees. Out of the 156 companies that have signed up for activating SegWit since its inception, only 17 have implemented it so far. Per recent statistics , SegWit constitutes only 10% of all bitcoin transactions. Their reasons are a complex set: from the difficulty of implementing security and technology upgrades for the hard fork to the fact that SegWit is relatively untested within bitcoins ecosystem. In the meanwhile, the backlog of transactions and fees on bitcoins blockchain continue to climb. Bitcoins core developme Continue reading >>
Bitcoin 2018 Price Projection Using Monte Carlo Random Walks: ~50,000 Usd
Bitcoin 2018 Price Projection Using Monte Carlo Random Walks: ~50,000 USD Using the Monte Carlo statistical projection method, combined with what are known as random walks, Xoel Lpez Barata developed some pretty fun bitcoin price scenarios for the end of this year. His projections are compelling because he follows data, revealing the difficulty being able to accurately prophesize much about the worlds most popular cryptocurrencys path. Also read: Tezos Swiss Foundation Concept is Old, Inflexible and Stupid Xoel Lpez Barata recently published a pretty great thought experiment. Mr. Barata ran a simulated price projection for all of this year, attempting to figure out just where bitcoin will end in 2018. It is my opinion and not investment advice, he urges. And its always good to remind readers past performance is no indication of future returns, as life seems to always have other plans. Mr. Barata used whats known as a Monte Carlo method. The nerdiest among us will really enjoy following his inputs on Github . He uses daily returns, price variants, but doesnt assume a normal distribution and instead notes extreme events have a higher probability of happening. The Monte Carlo method is usually attributed to a WWII Greek-American scientist Nicholas Metropolis. Nicholas Metropolis worked with Robert Oppenheimer, Enrico Fermi, and Edward Teller at Los Alamos. There, he delivered a paper said to have simulated liquid numerically. Bitcoin is often compared to water in its resiliency, though is completely unrelated here. Named for its loose relationship to the gambling icon Monte Carlo, the algorithms rely upon random sampling, and appear to have been initially used in mechanical engineering applications. In finance, however, we assume that the future behavior of the price of a Continue reading >>
Litecoin Price Today & Litecoin Predictions 2018: Is There A Potential For Litecoin Price To Reach Bitcoin Price? How High Can Litecoin Go? Litecoin Price Predictions Today Cryptocurrency News Analysis
Litecoin price today & Litecoin predictions 2018: Is there a potential for Litecoin price to reach Bitcoin price? How high can Litecoin go? Litecoin Price Predictions Today Cryptocurrency News Analysis Litecoin is becoming more and more important with new developments. The interest for litecoin has risen with LitePay and it is going up and up. But how high can Litecoin go? Litecoin: Could Litecoin reach the same high as Bitcoin? LITECOIN is soaring in price, up 46 percent since the beginning of this week. But could the cryptocurrency reach the same high as rival bitcoin? At the time of writing this article Litecoin price was $230.39 according to coinmarketcap. Often thought of as the little brother to bitcoin, Litecoin is enjoying a sharp spike in price right now, increasing by 112.27 percent from its February 6 low of $106.94, according to CoinDesk. After surging 30 percent in one day on Wednesday, the digital currency is currently valued at $224.52 and is the worlds fifth most valuable digital currency by market capitalisation. In contrast, bitcoin remains the market leader at $10,129 with the highest market cap at $170 billion. Could Litecoin reach the same high as bitcoin? Michael LaVered of cryptocurrency news site Oracle Times says Litecoin could potentially overtake in bitcoin in price as the latter is having difficulty scaling to the level needed for general commerce with high fees and longer transaction times. He wrote today: The litecoin could be the solution. Litecoin combines all of the benefits of Bitcoin, but with shorter transaction times and lower fees. It has been on the forefront of bitcoin innovations, implementing SegWit [soft fork change in Bitcoin] early last year and now offering the possibility of lightning network and atomic swaps. No-one knows Continue reading >>
Here's The Fundamental Bitcoin Valuation Metric That Determines The Cryptocurrency's Price Moves
Here's The Fundamental Bitcoin Valuation Metric That Determines The Cryptocurrency's Price Moves I've been a full-time Bitcoin writer and researcher since early 2014. Opinions expressed by Forbes Contributors are their own. Note: This piece is a sort-of follow up to Comparing Bitcoin and Other Cryptocurrencies by 'Market Cap' Can Be Very Misleading . You may want to read that post before this one. With each passing day, there is more agreement among investors worldwide that the invention of Bitcoin has led to the creation of a new asset class. The Federal Reserve Bank of St. Louis even indicated as much in an article last week . Whether the price will continue to rise in the aftermath of historic gains in 2017 is still up for debate, but there seems to be a stronger understanding that this cryptoasset will not simply vanish out of thin air one day. Having said that, there are still plenty of gold bugs and Nobel-prize winning economists who still dont understand the value proposition of Bitcoin ( I tried to explain it to the gold bugs here ). With the creation of a new asset class comes the difficulty of assessing the fundamental, underlying value of these assets. While earnings reports can be used to calculate theoretically fairvaluationsof traditional stocks, no suchdata exists for Bitcoin. A number of different theories for valuing bitcoin and other cryptoassets have popped up over the past few years, but those who dare make price predictions based on some sort of traditional valuation analysis usually end up with egg on their face. Kyle Torpey (@kyletorpey) December 5, 2017 Of course, there is one theory that has been around for a number of years now that has been mostly overlooked. It is the theory that long-term holders have the biggest impact on the Bitcoin price Continue reading >>
Expected Bitcoin Difficulty In 2018
There are lots of videos and articles on what Bitcoin difficulty is, and lots of charts on how it's changed over the past couple of years. But this isn't really helpful if you're thinking about investing in cloud mining, or maybe even buying your own mining rig. This guide has our thoughts on what will effect Bitcoin difficulty over 2018. We posted a guide on Genesis Mining profitability for September 2017, and in this we assumed that each time Bitcoin mining difficulty doubles - the value of it also doubles. This guide explains why. So let's start by looking at how Bitcoin difficulty has changed every 4 months for the past 3 years: *Values taken from: Looking at the Blockchain chart above for the past 2 years, it definitely looks exponential; e.g. it doubles at the same rate every 4 months. But the figures for the past 3 years don't do that. In 2015 it took around 11 months for the difficulty to double, in early 2016 around 6 months, in late 2016 around 8 months - and then in 2017 between 5-6 months. What we're suggesting is that the rate the Bitcoin difficulty is increasing is not fixed. Right now, in September 2017, Bitcoin is very popular, with thousands of new investors and miners every day. So a sudden increase in difficulty would seem to make sense - as there are lots more transactions being sent, and lots more people mining it. The drop in difficulty in August 2017 is a good identifier for this, where because lots of miners moved over to Bitcoin Cash (as it was more profitable at the time), transactions were taking longer to process - and so the difficulty was decreased. If you were a miner running a large setup, and Bitcoin mining were to no longer be profitable, then you'd likely start mining something else that was. This would decrease the difficulty for eve Continue reading >>