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This is true, banks will never make us rich if saving, but banks can make rich if we borrow and we use for business or investment, by getting 15% bank interest per year then this is not profitable if we saving, whereas with business or our investment can earn profits up to hundreds of percent.
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I have gathered informations about bitcoin that might interest you and what’s going on in the other side of the market
Let’s see.
The bitcoin price is now up by approximately eight percent since the beginning of the week. At press time, the currency is trading for over $8,800, and $9,000 by Monday seems like a done deal granted bitcoin can keep up its current momentum.
Frank Cappelleri – executive director of institutional equities at Nomura Instinet – predicts that the currency is slated to go much higher, and will likely strike $9,173 in the coming days.
In addition, over 60 percent of analysts – according to a poll conducted by Tom Lee – feel that bitcoin could break $12,000 by the time summer rolls along.
“Large hedge funds have entered with deep pockets and strong hands,” says John Spallanzani, a portfolio manager at Miller Value Partners. “All positive signs.”
With all of these positive signs we can expect a good market gesture in the coming days.
And yet mining is once again looking profitable!
Summer is nearing to an end and I am still hoping for the 12000 USD rise. Although these positive signs are not that reliable, I think I have the wherewithal to earn more just by holding a lot of bitcoin for this year. All of my ICOs are gonna distribute this summer and I am planning to accumulate as many bitcoin as I can. Thanks for spreading this positive news to this forum!  Yes, we all hope that the beginning of summer the price could reach $ 12,000 and I'm optimistic it can happen even though the current price drops again to $ 9200, precisely when the price is cheap then becomes a good opportunity to get big profit by immediately buying. |
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The most sure reason is from the user, as we know that bitcoin embraces a decentralized system so it all depends on the user, when the user sells bitcoin then automatically the stock increases and the price goes down.
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Of course many reasons why many users want ETH beat bitcoin, and if compared the speed then it can be ascertained that ETH is faster than bitcoin, while from the security side then all ETH wallet equipped with private key so easy to control ETH.
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Yes, cryptocurrency will be forever volatile, this is because everything embraces decentralization so the price is purely market, but the thing that makes the price more stable is certainly the big marketcap will make the price more stable.
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When bitcoin prices can reach $ 10,000 then I'm sure that this has a big effect on the development of cryptocurrency, I'm sure that someday bitcoin prices become very expensive and for this year the price could reach $ 50,000.
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The fact that we feel right now is bitcoin is already a currency, this is because almost all the functions of currency can be replaced bitcoin, the thing that is still a lack of bitcoin is not able to be used for transactions directly like cash.
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Bitcoin was created in early 2009. Since then, we’ve seen its price increase from Bitcoins to the cent (circa March 2010), all the way up to $8,700+. One of the stories that illustrate this growth best is that of two pizzas, which were bought for 10,000 Bitcoins, on May 22, 2010, by a Florida developer by the name of Laszlo Hanyecz. Those 10,000 Bitcoins (at $8,700 per bitcoin) would be worth over 87 million US dollars today, pitted against the $40 or so they were worth then.
Is there any limit to this growth, and if so, where? While nobody knows for sure, there are plenty of anti-Bitcoiners who see the market as a bubble, ready to pop and have Bitcoin’s price fizzle back to mere cents, and plenty of pro-Bitcoiners, or Bitcoin evangelists, who see little hinderance in Bitcoin growing up to 200 times its current price. Here are seven of those Bitcoin evangelists, and what they think Bitcoin will go on to be worth.
Wences Casares – $1,000,000 (by 2027)
Wences Casares is an Argentinian technology entrepreneur living in the US. He is the founder and CEO of Xapo, a Bitcoin wallet startup, and a board member at PayPal, among various other roles. Casares says he first found interest in Bitcoin because of high financial volatility in Argentina’s native currency, the Peso. The tech giant bought his first Bitcoins in 2011.
Casares believes that Bitcoin will hit $1 million sometime before 2027, speaking at the Consensus 2017 conference in New York. Even better, he believes that Bitcoin could hit one million dollars in as few as 5 years, saying on May 23, 2017, that the milestone will be reached “in 5-10 years”.
Chamath Palihapitiya – $1,000,000 (by 2037)
Chamath Palihapitiya, the founder of Social Capital and co-owner of the Golden State Warriors, started investing in Bitcoin in 2012. In 2013, he mentioned that he owns Bitcoin in his hedge fund, general fund, private account, and at one point he owned 5% of all Bitcoin in circulation.
Palihapitiya has predicted Bitcoin price will reach $100,000 in the next 3-4 years and in the next 20 years, it will be worth $1 million. He explained his prediction as based on the evaluation of Bitcoin as a store of value just like gold.
He said, “This thing has the potential to be comparable to the value of gold…This is a fantastic hedge and store of value against autocratic regimes and banking infrastructure that we know is corrosive to how the world needs to work properly”
John Pfeffer – $700,000 (no date)
John Pfeffer, a partner at his London-based family office Pfeffer Capital, is not only betting on Bitcoin, but giving it a bold price target of $700,000—about 75 times the current Bitcoin price of nearly $9,500. Pfeffer said that Bitcoin is the first viable candidate to replace gold the world has ever seen.
His math works like this: First, he assumes that Bitcoin can logically replace all of the gold bullion currently held by private investors—in other words, the gold bars that people keep in a safe-deposit box or bury in their backyard, simply as a way to park their money in something more dependable than paper. “Bitcoin is vastly easier to store and secure,” Pfeffer said.
As per Pfeffer, the current value of all privately held gold bullion is about $1.6 trillion. Assuming there will be 18 million Bitcoins in circulation by the time the cryptocurrency fully replaces gold bullion, the implied value of a Bitcoin would then be $90,000. This is Pfeffer’s most conservative scenario, which he gives 8% odds of coming to fruition. Pfeffer has even higher hopes for Bitcoin — that it could eventually be to central banks what traditional foreign reserve currencies are today.
John McAfee – $500,000 (by 2020)
John McAfee is the founder of McAfee Associates which launched first commercial antivirus software in the late 1980s. He recently founded MGT Capital, a company that mines various cryptocurrencies in and outside the United States. John got involved with Bitcoin because according to him it will eventually become ‘the standard for the world.’
McAfee recently made waves in the cryptocurrency world after claiming that each unit of Bitcoin would be worth half a million dollars by 2020. He did not stop there. He went on to predict that Bitcoin could even reach as much as $2.6 million in the same time frame. There is no way of knowing whether McAfee did this to get attention or if he actually means it. Only time will tell.
Jeremy Liew – $500,000 (by 2030)
Jeremy Liew is a partner at Lightspeed Venture Partners, famed as the first investor in the social media app Snapchat. Liew’s other investments include the multimedia company Beme, the listing service VarageSale, and the hardware wallet LedgerX. His net worth is estimated at north of $2 billion.
In an exchange with Business Insider, Liew said that the Bitcoin price can “realistically” reach $500,000 by 2030. Liew’s prediction was backed by Peter Smith, the CEO, and co-founder of Blockchain — the world’s most popular Bitcoin wallet. The estimate was made on May 4, 2017.
Mark Yusko – $400,000 (no date)
Mark Yusko, the billionaire investor and founder of Morgan Creek Capital defended his prediction that Bitcoin will be worth $400,000 in the long term. Yusko’s now-famous prediction made headlines because of its grandiose scale.
“It’s just math. It is gold equivalent…there are about 20 mln Bitcoin available today. Gold today is about $8 tln. That gives you $400,000. And that doesn’t include use cases that relate to currency.” Yusko said.
He also pointed out that the asset is striking fear into the hearts of bankers precisely because Bitcoin eliminates the need for banks. When transactions are verified on a Blockchain, banks become obsolete.
Roger Ver – $250,000 (no date)
Roger Ver is an early investor in Bitcoin and its related startups. Born in the US and now with citizenship in Saint Kitts and Nevis, Ver started his business career with a computer parts business, MemoryDealers.com. By early 2011, Ver had begun investing in Bitcoin, now with a portfolio including startups like Bitinstant, Ripple, Blockchain, Bitpay, and Kraken. He is sometimes nicknamed the “Bitcoin Jesus”.
In an interview Jeff Berwick, for The Dollar Vigilante blog, Roger Ver said in October 2015 that Bitcoin “could very easily be worth $2,500, or $25,000 per Bitcoin, or even $250,000 per Bitcoin”. Ver’s estimate is based on the principles of supply and demand, which he believes creates great potential for Bitcoin as a store of value.
Kay Van-Petersen – $100,000 (by 2027)
Kay Van-Petersen is an analyst at Saxo Bank, a Danish investment bank which specializes in online trading and investment. Based out of Singapore and with an MSc in Applied Economics & Finance from Copenhagen Business School, Van-Petersen is an active Twitter user with no fear of speculating on tough topics like the prices of cryptocurrencies.
Van-Petersen believes that Bitcoin will rise to $100,000 per unit by 2027, according to a feature by CNBC news published on May 31, 2017. As the man who successfully predicted Bitcoin’s flow up to $2,000 by 2017, Kay Van-Petersen’s most recent estimate, perhaps a little optimistic, suggests that Bitcoin would then account for 10% of the volume in the foreign exchange market.
Tom Lee – $91,000 (by 2020)
Tom Lee, co-founder of the market strategy firm Fundstrat Global Advisors and a well-known bitcoin bull, sees bitcoin’s price “easily double” in 2018. Lee initially set his bitcoin price target for $11,500 for mid-2018, and then increased it to $20,000 as the cryptocurrency’s intrinsic value had increased over the last few months due to the growth of new bitcoin wallets, according to him.
Tom Lee recently went a bit further stating that Bitcoin’s price will reach $91,000 by March 2020, basing his prediction on a chart that shows Bitcoin’s (BTC) performances after past market dips. Lee and Fundstrat used an average of the percentage gained in price after each dip to arrive at the 2020 figure.
Writing and analysis is very complete and reasonable, I really hope that the price of bitcoin according to John McAfee's analysis - $ 500,000 (by 2020) and hopefully this can happen, but certainly with the record that this year's price could reach $ 50,000. |
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If we compare the price of course I prefer bitcoin, bitcoin price can rise hundreds or even thousands of percent per year while the gold price only rose not more than 20% per year, but for security reasons then I will share my money for gold and bitcoin.
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True and no need to doubt that bitcoin investment is a very profitable thing, this is because bitcoin prices will rise and skyrocket in a short time so if we invest bitcoin will make money increase significantly.
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I think this is a good idea for introducing bitcoin in high school, I hope it applies around the world because the development of bitcoin can not be stopped and it seems that more and more countries are legalizing bitcoin.
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I hope that bitcoin prices continue to rise and the end of this year could reach at least $ 50k so what I'm targeting is buying a new Honda sports car I can realize, and now I just focus to buy.
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I think bitcoin is not the biggest bubble of all time, in fact many people feel a huge benefit because bitcoin, we can transact easily and because people feel the great benefits are then they keep in large amounts that affect the price.
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I think bitcoin is better than banks because with bitcoin we have full access and control, I do not like to waste time waiting in line so I hope that someday the transaction system is like bitcoin.
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People who do not know about bitcoin they will say bitcoin is bubble, I think bitcoin is a future transaction system so if we know in detail then we will get profit because we are prepared early.
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I think the idea of taking courses to learn about bitcoin is a good thing, we have to understand that many things we should understand in bitcoin and if we learn it ourselves then it takes a long time, even when I read a 500 sheet book that talks about bitcoin then I'm hard understand that taking courses is a great solution.
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Of course every chance can happen, I'm sure that $ 50000 price can be achieved this year so I keep buying and keep, and the proof we can see now that the price is close to $ 10000 and I'm sure before the end of April the price will reach $ 10000.
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