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Can Bitcoin reach and go over $50'000 in 2018?!
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More like 80k. it went from 2k-20k in 2017. 10 fold increase. The high for this year could be near 80k. Maybe higher from more interest than previous years. Or the bear cycle may continue. But as long as we are saying "IF" the sky is the limit.
Help out with a small donation please BTC wallet. Not trying to bring up a sob story but my grandma is very ill 86 years old and had kidney stones. A little donations help. She needs surgery. A little donation goes a long way.
One more problem is that Bcash is centralized. It was created and marketed by Roger Ver, the truth is that if Roger Ver dies, Bcash will go to nearly zero.
If Vitalik dies, Ethereum will tank as well. Same for a lot of these teams. On the other hand, if a BITCOIN developer dies, BITCOIN continues all the same unscathed. BITCOIN is the most decentralized coin in that sense. And so I say GO....BITCOIN....GO . The king of crypto currency .
So my question is this. Why are people still using BTC despite scalability issues and very high trans fees bro? I just can’t wrap my head around it. Feel like BTC is a crypto giant I still can’t understand, it’s to “high” for my noob knowledge.
MJ ENERGY the last bitcoin is predicted to be mined on 2040. As long as there’s belief there and people are holding, not panic selling I think we have a great future. Now as to say will bitcoin be number 1 forever who knows, maybe another currency will take over but I know crypto currency is the future
CryptoErks Good out look however say they reach the total supply cap of BTC at 21 Million, regardless that no more is being produced the value of it is not based on that alone it’s based upon how many people are holding it.
Based on (very limited) supply vs. (very high) demand, Bitcoin should have no reason not to hit $100,000 in 2018. Considering it went up 22x in 2017, $100,000 price per Bitcoin in 2018 would be a (conservative) 5x from where it is today. Factor in more mass adoption, Bitcoin ETFs in first quarter of 2018, implementation of Lightning Network and Rootstock (Layer 2 solutions to scaling and smart contracts on the Bitcoin blockchain) and it could easily surpass $100,000 in 2018.
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With less than 2 percent of the population into Bitcoin, but world wide demand increasing exponentially. I think 100,000 by then of next year is not really that crazy an idea. I know how it sounds, but just run the percentages. World Wide demand will be huge. 5 million BTC being actually traded. Seems to me this points to $50,000 BTC by June. And that's only at 5 percent demand. If 2 percent engagement is $20,000, before CBO and CME, what does Publicly Traded ETFs and 5 percent look like?!!
I agree. I would suggest your 2% of population estimate is generous. I believe any valuation estimates below the moon are just being conservative and afraid to sound crazy. This either crashes and burns are goes on a very aggressive long term bull run consistent with what we've seen since summer of 2017
suhail ahmad - they have been saying that since Bitcoin hit $10, $100, $1,000, $5,000, $10,000. They’ve been proven wrong each time. And will continue to be. Buy and HODL. Best path to wealth prosperity.
Roadman Shaq - wouldn’t touch XRP. 70% of the tokens are owned by insiders(bankers) who will dump their coins at some point and the price will crash. XRP is s centralized bankers coin masquerading as a crypto.
if crappy bitcoin goes to $50.000, I trust neo, dash, eth, and omise will go to $1.000.000 in the very near future. If btc is a store of value, then what should we say about Dash that went from $8 to $760(100x) in less that a year? Even bitconnect, that is considered a scam by many, outperformed btc. It went from $0.8 to $400(500x) in less than year! BTC is nothing but hype right now. It could be very well go to the number you mentioned, but i see it crashing hard in the very near future coz there are much better alternatives in the market right now.
Omar Touzani - Bitcoin has outperformed every single altcoin, Stock, Precious metals, etc in the last 5 years. And it will continue to be the engine of this new financial ecosystem. There is only ONE Bitcoin. It would behoove you to educate yourself as to WHY Bitcoin is unique: https://youtu.be/xkBpUL1VDKU
Wall Street is going to lose big because experts say they will try to short it. But it has to drop for a short to work. They will make a mistake shorting when it's parabolic and they'll have to continually cover their shorts with other trades. Wall Street allowing their customers to buy in through ETF portfolios is actually going to allow bitcoin to reach the masses and reach $50-100k easily.
Yep, When you generally need BTC to purchase any other crypto? Add in institutional BTC IRA's ect. Hard to imagine we haven't seen anything yet. Think of the volume yet to come. How can it not drive prices up?
JCredible86 ....exactly! people always talk about adoption, yet many fail to realize, that btc is the only crypto already fully adopted as a store of wealth, not even value. the supply/damand ratio is going to skyrocket btc to stages we cant imagine yet.
Hey man, I have a question, since we have been going up on a parabolic stated for the past few weeks, when would we see a correction and how low can it go ? I really want to buy some at a cheaper price lol.
It's not going to stop! Even if you wait for a correction it will never go as low as you wanting to get it in now. It's $16k now, it might drop to $14k and fly back up to $20k. If you had the chance at $12k then you should've stocked up.
The miners are interested in finding a nonce which will create a hash with certain characteristics. Lastly, they have to find a random value that they included in the header, which makes the computed hash over that header a value below a particular target. In other words, they do not have to agree to change the protocol. Though there are a few gold diggers attempting to fill their pockets and certain projects that aren`t viable and shouldn`t be encouraged in any way. For users running a complete node, it is a fairly painless procedure to upgrade the software to the newest version. The process of locating a new block to extend the blockchain is known as mining. Proof-of-Work systems utilize cryptographic hashing algorithms to create the action of mining a block a complicated computation. Our software is totally incompatible with altcoins. Changes and modifications to how that it works need to be approved by consensus and every CPU gets a vote. To start with, it`s essential to realize that hardware wallet users control entirely their private keys. Whether you`re bullish or bearish on Bitcoin Gold, you ought not lose your coins as a result of careless mistakes! On the 1 hand, it may result in making a coin that solves all the pending issues. There`s no currency or digital asset named Bitcoin Core. Bitcoin Cash increases the range of transactions that may be processed per block. You could send any quantity of money, any place in the Earth, almost at no cost. You`ve made some great money already on the market, but you want more. For a wealthy individual, BTC`s price premium may be viewed as a plus. For someone without lots of money, BCH`s low price may look like a great deal for Bitcoin. If you have some concerns about the worth of Bitcoin after all forks, you need to be ready for a drop. The distinction is that not all of these suffer the chain split. The primary problem is Bitcoin imposes a hard limit on the magnitude of a block, the location where transaction information becomes stored. The end result is many straightforward wallets, called SPV wallets and very commonly found on your phone, will be quite confused about which chain is Bitcoin. In Bitcoin, the most important reason is known as the network effect.