Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Sunday, 10 December 16:11 (GMT -05:00)



Foreign exchange market

Bitcoin to Grow by 30% More in 12 Months, Experts Predict


By mid 2018, Bitcoin is may reach $6000 per 1BTC. This is what Tom Lee, who is the founder of Fundstat, thinks on the matter. According to the respected analyst, the chances of Bitcoin reaching this $6K threshold is pretty high right now. Yet, he assumes that this will not be the limit and the world’s first cryptocurrency will break about the $6K threshold some time later.

 

 

 

 
While other experts question his prediction, Mr. Lee assumes that this will become possible thanks to a number of factors. First of all, it’s about the speed of at which information is spreading over the Internet these days. Over time, more and more Internet users will be convinced that Bitcoin is a really good alternative when it comes to savings or payment means.
 
Going Bullish
 
The analyst thinks that by 2022, the cost of the “digital gold” (as he names it) may reach as much as $25 000 per 1BTC! Wow, that’s a brave prediction! It’s interesting to note that his prediction about the future of Bitcoin is not the most optimistic one out there. According to Dennis Porto, a Harvard academician and a Bitcoin investor, expects 1BTC to cost as much as $100 000 somewhere around the year of 2021. He back his prediction by the supposition that Bitcoin’s trend is subject to Moore’s law. To be more specific, the scientist explains that ever since Bitcoin came into existence, it has been doubling up in value every 8 months or so. Being subject to Moore’s law is seen by the scientist as the key reason why the trend is going up exponentially.
 

 

For those of you who don’t know, initially Moore’s law relates to the amount of transistors in the system. While being interviewed by Business Insider, Mr. Porto explained that this law could be applied to any digital technology. So, his calculations predict how trend is going to develop over the next few years.

Bitcoin-price.png

According to his calculations, if the same market tendency persists over the next few years, by February 2021 the price will already have reached $100K. Mr. Porto assumes that the very fact of Bitcoin being subject to Moore’s law has created exceptional investment opportunities for everyone willing to invest their money profitably.
 
By the way, Tomas Lee assumes that more and more institutional investors from all over the world are getting increasingly interested in Bitcoin, which is another major reason why Bitcoin is likely to go up in value over time. On top of that, digital currencies are being introduced to the conventional finance world.
 
Take New York-based firm LedgerX as an example. The company is already offering their clients an exclusive opportunity – the opportunity to trade Bitcoin derivatives.
The founder of Fundstrat is convinced that central banks all over the world will have to change their minds about digital currency when Bitcoin’s market cap reaches $500 billion somewhere in the near future. This is backed by Metcalfe’s law, which reads that “the value of a telecommunications network is proportional to the square of the number of connected users of the system”. He expects the number of Bitcoin users to grow by 50% by 2018.
 
Still, the analyst recommends that traders should be cautious when making short-term trades. The thing is that Bitcoin is currently overbought, which may cause volatility hikes further down the road.
 
Optimal Price to Buy Bitcoin
 

 

According to CNBC analysts, the most optimal price to start Loading up on Bitcoins is somewhere around $3600. This is the price recommended for buying Bitcoins since this is the expected bottom for the forthcoming market retracement.

Image_1.png

According to Brian Kelly, who is the host of “Fast Money”, the price of Bitcoin follows the so-called ABC pattern.  According to Coinmarketcap, Bitcoin set the previous high at $4478 and then retraced back to $4000.  The next retracement is going to bring the price down to $3600. Mr. Kelly told the audience that he was still holding the Bitcoin trade and was going to buy some more around $3600.
 
Are Bitcoin Forecasts Reliable?
 
According to Masterforex-V Academy, Bitcoin forecasts are getting more and more diverse. The thing is, it’s getting harder for various experts to predict Bitcoin’s behavior. On the one hand, institutional investors have been joining the market over the last few months, not to mention the confirmation of SegWit. On the other hand, Bitcoin Cash may have a negative impact on Bitcoin, especially as the former has gained more than 75% since being launched.
 

 

Anyway, some of the most respected cryptocurrency analysts are confirming their forecasts and expecting Bitcoin to skyrocket to somewhere from $5000 to $500 000. However, we still recommend you against blindly investing in any asset, especially when it comes to ICOs. Before joining another ICO, think twice and double-check everything to make sure that you know what you are really doing.

 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

Masterforex-V Expo Names Best Forex Broker for Beginners in November 2017

Each forex broker is unique to some extent. Most of them choose to specialize in a certain kind services. Practice shows that novice traders who are just getting their feet wet in forex usually lack the required expertise to follow the right track and therefore make the same mistake. The thing is that they have some artificial knowledge about forex brokers and the services they offer. Therefore, their choice is usually random or dictated by some trivial things. In other words, it’s not well thought out.

Publication date: 10 December 07:50 AM

40% of Bitcoin Is Owned by 1000 Users

According to Bloomberg, with reference to Aaron Brown form AQR Capital Management, 40% of Bitcoin is owned by roughly a thousand users around the globe. The expert says that those “whales” may exchange information and coordinate their efforts to move the BTC exchange rate in any direction they want.

Publication date: 10 December 03:26 AM

Bitcoin Exchange Rate Exceeds $18K

The world's first cryptocurrency set another all-time high after exceeding the $18K threshold. The other day, Bitcoin reached the highest point to date at 18328,9 USD/BTC, which was confirmed by Сoinmarketcap. At that point, the market cap exceeded 306 billion dollars. It’s interesting to note that the world’s first and most expensive digital currency managed to gain 25% in 24 hours.

Publication date: 09 December 09:43 AM

Bitcoin Goes Higher and Higher

Bitcoin has been extremely volatile and setting new all-time highs one after another over the last few weeks. It’s getting harder and harder to track the BTC exchange rate since the price ups and downs are frequent and rapid. What’s the reason behind this roller coaster?

Publication date: 04 December 06:52 AM

Bitcoin and other Altcoins – Currencies or Commodities?

The cryptocurrency phenomenon has been the most discussed to topic related to financial markets this year. International experts have been discussing the essence and prospects of digital currencies.

 
Publication date: 30 November 12:09 PM

Bitcoin Reached $11K and Dropped by $2K Instantly

On November 29th, Bitcoin beat another threshold. This time, the world’s largest cryptocurrency exceeded the $10K threshold and set another all-time high at 11377 USD/BTC, only to crash by 20% at a time down to 9290 USD/BTC, Coindesk reports. All of that happened within a couple of hours.

Publication date: 30 November 09:42 AM

Bitcoin Has Easily Broken Above $10K, Setting New All-Time High

Overnight, Bitcoin set a new all-time high by exceeding a major psychological level – $10000! This unprecedented event took place on South Korean exchange Bithumb. For the first time in history, the BTC exchange rate reached 10223 USD/BTC. It was a sharp increase in the Asian demand for Bitcoin that backed this rally to the new all-time high. It’s interesting to note that Bitcoin has gained 18% over the last 48 hours!

Publication date: 28 November 06:22 AM

Aggregate Cryptocurrency Market Cap Exceeds $300 Billion

Yesterday, on November 27th, the aggregate market capitalization of all cryptocurrencies altogether exceeded $300 billion for the first time in history.

Publication date: 28 November 06:03 AM

Bitcoin Goes Over $9000

Over the weekend, Bitcoin reached two psychological thresholds. On Saturday, November 25th, the world’s first and largest cryptocurrency gained $280 per 1BTC at a time and reached 8700 USD/BTC. On Sunday, November 26th, Bitcoin gained $400 per 1BTC at a time broke 9000 USD/BTC, thereby setting another all-time high, even though the exchange rate retraced back shortly after the record.

Publication date: 27 November 03:58 AM

Alpari Cashback Paid Clients Over $6 Million in 3 Years

There are tons of various forex bonuses, promos and loyalty programs out there. Alpari Cashback, a loyalty program by Alpari broker, is especially popular with millions of international traders. Alpari, is one of the largest forex brokers in the world, with nearly 2 decades of expertise and spotless reputation.

Publication date: 26 November 02:52 PM