[2017-12-07] $40K On The Horizon

[CryptoBry]

$40k may be on the horizon for next year, but Bitcoin investors still need to act with caution. Crypto enthusiasts couldn’t contain their excitement when their favorite virtual currency reached, and passed, the $10k mark.  This is just another record-breaking highlight in Bitcoin’s phenomenal year, which saw the price of the currency increase by over 900%.

From it’s humble beginnings at just $1k at the start of 2017, it continues to grow, even exceeding the $11k mark at times.  This level of growth is a temptation that investors around the world cannot ignore.  Google Trend shows that the term ‘buy bitcoin with credit card’ has become increasingly popular on the search engine.  In fact, on an interest scale of 1 to 100, the term is nearing the end mark.

On the 26th of November, as Bitcoin was within touching distance of $10k, popular trading platform Coinbase, had a total of 13.3 million users.  Just two months ago, they had 10.6 million.

The Source is here!

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[warrior333]

The growing popularity pushes the price of bitcoin up. This does not mean that bitcoin is a bubble or pyramid. It seems to me that most ordinary bitcoin users share the ideas of a free economy on the Internet. No one can know when to stop bitcoin. But I'm sure that after a period of stabilization of bitcoin prices will start to develop trade. Then bitcoin will get a second life.

[Taki]

News about bitcoin and it's price are on the top of the news today. My Lord, it is changing every hour and if I would have at least 1 BTC I would spend all my day in front of the computer and would make really good money on trading! I am super exited and can't comment anything else besides that.
It is just the beginning and as many people say the demand will raise and it simply may lead bitcoin to 40000$ and higher.

[Happy Miner]

Why is the price of 40000 taken as a benchmark? With such a high growth rate, we can see this price already at the end of December 2017. I think this is quite real, although a month ago it seemed incredible. In 2018, bitcoin can cost more than 100,000. Why not, if it has doubled in 3 weeks?

[TheKeyLongThumbI]

$40k? That is very reachable  but too low for the coming year of 2018. Every big names that is on money-related fields are expecting $50k-$100k so that $40k wouldn't be a problem for bitcoin at all.

[Rahar02]

$40,000 by the end of 2018? It's still a long way to go, and there are too many predictions about bitcoin in the future.
Bitcoin can reach $100,000 in 2018 if there are no any significant obstacles such as government regulations against bitcoin.
The biggest obstacle is the government, or specifically bankers who lobbying central authority to ban cryptocurrency.
Even though Bitcoin has gained some support in the financial industry thanks to CME and Nasdaq, banking institutions are still not convinced.

Such as happened in Bulgaria where bankers have cracked down and shut down the accounts of exchanges and Deutsche bank issued market briefing and stated bitcoin will crash in 2018, Banks is the natural enemy of bitcoin.

[bitcoinisbest]

$40k? That is very reachable  but too low for the coming year of 2018. Every big names that is on money-related fields are expecting $50k-$100k so that $40k wouldn't be a problem for bitcoin at all.

One thing which needs to be remembered is that the base is getting bigger so it would not be that easy to double in a year that easily as it has happened in this year . For example from 8k to 16k it went up by 8k . But from 16 to 32 it would be 16k difference which itself would be double of 8k . So yes the rise will happen but will it be this big rise like 2017 seems to be a question .

[BitCoinKeeper]

$40,000 by the end of 2018? It's still a long way to go, and there are too many predictions about bitcoin in the future.
Bitcoin can reach $100,000 in 2018 if there are no any significant obstacles such as government regulations against bitcoin.
The biggest obstacle is the government, or specifically bankers who lobbying central authority to ban cryptocurrency.
Even though Bitcoin has gained some support in the financial industry thanks to CME and Nasdaq, banking institutions are still not convinced.

Such as happened in Bulgaria where bankers have cracked down and shut down the accounts of exchanges and Deutsche bank issued market briefing and stated bitcoin will crash in 2018, Banks is the natural enemy of bitcoin.

Without a doubt, when Banks are giving 0.01% on investments accounts...and BTCitcoin is giving 900% it is not rocket science.