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I think it is difficult to predict the price of bitcoin. High volatility of the price does not guarantee the accuracy predictions. The analysis is based more on speculation. Besides, there is a lot of hype around bitcoin which doesn't make forecasting easier.
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As of present, i dont think the price of Bitcoin is able to return to $20,000, because of the sharp drop in Bitcoin prices that has put confidence into investors, this will probably take a long time to recover. However, I think in middle of 2018 may be close to $20,000 price would be reached again.
I agree with you. It will be difficult to get back to the level of 20k $. It may take some time. I do not think the price will grow as fast as last year. At the end of the year maybe it will be around 20-25k $. |
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Yes bitcoin will effect in the economy system of the country specially on the financial aspect of the people who are engage with it. The growth of population of bitcoin users who tries their journey to somehow make their lives change with the help of bitcoin. As people do have earning a big effect to the economy because they can now buy all the commodities they need in their daily lives, poverty lessen and unemployed people are given a chance to make money by doing bitcoin.
Can you tell me how unemployed or poor people should buy Bitcoin? For the money they do not have? The fact that the bitcoin community is growing has a very small impact on the economy. These are investments in bitcoin not in the economic system. |
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It is too difficult to predict anything about decentralized cryptocurrency like bitcoin. Its peer to peer exchange system, autonomous nature making it more and more volatile day by day. One month ago when bitcoin was in upward rally, many experts have predicted many figures. According to them bitcoin price was expected to cross $40000 mark by the end of 2018. But due to some unexpected developments like ban from Korea and regulation indications from Japan has restricted bitcoin`s growth a bit. If thing will not imorove in future it will be difficult for bitcoin currency to cross even $20000 mark.
Yes I agree with you. Economic experts often change their mind about the price. It's hard to predict in what direction the price will go. There is a lot of hype around Bitcoin. I think it will be around 20k $. |
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I don't think it's a good idea. The popularity of the cryptocurrency due to the fact that people totally do not trust the government and banks that are part of the existing financial system. What will be different cryptocurrency which would release banks from Fiat? Nothing. So I think that any impact on the market of public cryptocurrencies to be able to.
Right. The basis of cryptocurrencies is decentralization and anonymity. If the bank releases its own currency, will it have total control over its blockchain? |
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It will not happen. It may fall below 10k $ as recently, but a drop to the level of $ 1,800 seems very unlikely. The price increase is more possible. |
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They are certainly afraid of the growing popularity of cryptocurrencies. They're a threat to them because they earn less money. In addition, more and more people become independent from banks through cryptocurrencies.
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I don't think bitcoin will replace gold. These are two completely different things. Gold is difficult to compare with bitcoin. Bitcoin price is higher than gold, but people probably still have more confidence in gold.
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In recent years, bitcoin buyers have made a lot of money. Especially those who bought at the beginning. And because the price increases, probably rich people will come.
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If you have enough money & think about invest your money It is a good way. But it is a virtual currency. It can boost & down for certain time.
Bitcoin is a good investment. Buying and holding for a long time will give very good profits. However, you must remember that the price varies considerably and you can lose. |
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In my opinion, it's worth keeping currency, although the market has been fluctuating recently. Soon everything should go back to the previous levels. In the long term, you can definitely count on big profits.
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Not only Bitcoin is a good idea for investments but also other cryptocurrencies. If you invest wisely you can make a very good profit in the long terminie. This is better than keeping money in banks.
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For me if bitcoin had a stable price, it will be much popular.
Well for me i dont really think that if bitcoin had a stable price is it will be more popular because if btc price is we will be stable it will not have a chance to pump its value really high. With a stable price of bitcoin, there may be more places where you can pay with cryptocurrencies. This can increase the popularity of btc and not just price pumping. |
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You can invest in a currency that suits you better. Although it will be safer to divide the money between both eth and btc currencies. This will minimize possible losses.
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Same here @Sharted. I used to think more than 100k before 2018 ends, but the price isn't behaving the same way as before. I don't know if it's related to the futures or what, but it seems to be stabilizing on some way.
I think the price will not rise as high as 100k $. It seems more likely that around 20k $ for the next few months. |
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I would choose to invest in both currencies. Bitcoin is more profitable, but the price fluctuates and there are higher transaction fees. I think 30-35% in btc and the rest in eth. |
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I have just read that the promotional campaign is for the time being temporary and is available only through the KFC website for online orders. The company is also considering the possibility of adding other cryptocurrencies to the promotion. And that's good news.
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Just imagine selling your $259,900 house for 43BTC and 2 Months in street.
and after just 2 months sell 43BTC for $498198.
Again buying the previous also you will be in profit of $472298.
would you try this technique.
I don't think that selling a house for bitcoin investments is a good idea. It's very risky. What will happen if it fails? You do not have a home and you stay on the street. |
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It depends on what categories to consider. If someone trades bitcoin, it's a currency for him and a source of profit. Someone who is holding bitcoin and is happy to have it's an asset for him, such as antiques.
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For now, it is a lot of hype around these messages. The price does not drop very much. If there is panic sale of btc it will be a good opportunity to buy.
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