What are the economic and political dynamics that can positively drive bitcoin price to and above the critical price of USD20,000? Is this possible before the end of the first quarter of 2018?
I do not think it's possible to reach 20k $ by the end of Q1. The price is growing, but for now it is a slow increase. The price can not touch 12k $. Maybe at the end of the year will be 20k $. |
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It's quite possible that it will happen. Bitcoin is gaining more and more popularity and covers almost all countries in the world. I hope that bitcoin will be worth 40 times more in the next few years.
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I do not think $ 50k was possible to achieve this year. All time high was in December and since then the price has not even approached this level. If the price will rise, it can reach the area around the last ath. Within a year or two $ 50k is possible to achieve.
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You can do some research in altcoins. With this amount, you'll certainly find coins with great potential for future profits like neo, iota or eth. If you earn, you can buy more by increasing your capital.
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Bitcoin can reach 50k $ but I think it will not happen this year. If the price reaches the level of 20K $, it will be very good.
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I remembered watching a video about bitcoins and the simple information that a beginner can understand. It says that bitcoin only has the maximum of 21 million bitcoins and 17 or 18 million has been mined.
What would happen if the very last block were mined? Will the value of bitcoin finally be stabilized?
Once all of them are minned, the price should be more stable. More resistant to large variations as now, because all bitcoins will be on the market. The price may increase due to high demand and lower supply. |
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At the moment, eth is the best solution for business applications. Most projects are based on eth. He has so much confidence among investors that he can not be a failure.
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Is bitcoin better? So far for sure. It was the beginning of cryptocurrency, people have the most confidence in btc, it is the most recognizable. If someone wants to invest in cryptocurrencies then most likely it will start with bitcoin.
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Friends!
Could you please tell me which alternative coins backed by smth real can you advice?
I do not know what you meant by writing 'stable'. Price, the possibility of investment without a big risk? There is no stability on the cryptocurrency market. The first ten of the market cap gives a sense of stability. |
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There is a good chance of reaching 20k $, but it will take more time than a few weeks. It may take months. The price will probably not grow as sharply as at the end of last year.
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Bitcoin climbed back above $10,000 Thursday for the first time in two weeks and some analysts see the psychologically key level as a trigger for new buyers to come into the market.
Perhaps this price will attract new buyers. I think, however, that they will be much more cautious in buying than before the December correction. |
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If there ever is such a situation, it certainly will not be a big deal. Banks will probably adapt to the existing situation and will still find a way to earn money.
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let it be bitcoin slow rising, precisely I hope the price rise not too fast as last December, but I hope the price will never drop below $ 5000, I think the ideal price this year is $ 10k- $ 15k, then the year 2019 range at $25k-35k.
It also seems to me that it is better how the price will grow slower but constantly. It probably is better than a very rapid increase and then the fall as fast as it did in December. |
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I don't have a plan of what to do as the price reaches $ 20k. A good idea is to hold or sell parts and invest in altcoins. But before the price grows to 20k $, it's time to think about it.
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Technically, a bubble as applied to cryptocurrency is about its market price. Since bitcoin has risen drastically to 20,000$ last year, other people refer to it as a bubble that may burst (plunge down) its value anytime soon.
A similar situation took place on the stock exchange recently, where prices fell strongly. Then nobody called it a bubble. It is convenient to use this term for cryptocurrencies and to scare people. |
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700 $ is possible to achieve. Just do not know what disaster would have happened, so that the price fell so low. At this moment, it's hard to imagine.
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I think that the moment has no chance of reaching 100k $. People lost too much on the last correction. Now it takes time to make up for the loss and rebuild confidence in Bitcoin.
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With such large fluctuations the price is hardly anything anticipated. I think that the price of about 20k $ at the end of the year is quite a reasonable prediction.
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The specificity of bitcoin is a large price fluctuation. It seems to me that rapid increases and sharp drops do not affect the market well. Slower and stable growth would not lead to such market breakdowns as now.
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