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Forecasts for bitcoins 2018. The cryptocurrency market has slowed in recent days, with Bitcoin maintaining price levels at around $ 7,000. However, Robert Sluymer and Tom Lee, both of the market analysis firm Fundstrat, believe that this will change very soon.
Tom Lee Reaffirms his prediction of $ 25,000, this time on Bloomberg
Tom Lee is by far one of the most important cryptocurrant bulls in space at this time, with regular appearances on mainstream media sources covering related topics to the cryptocurrency industry.
Wednesday, Tom doubled his prediction of $ 25,000 and did not waver a little.
One of the reasons he is so strong in this prediction is that he believes that traditional institutions, like banks, will begin to accumulate in space when "lucrative" business opportunities arise. Lee also believes that the regulatory climate around cryptocurrencies will only improve with cryptocurrencies that will reach higher levels of institutional and retail adoption.
In addition, Lee mentioned a Bitcoin indicator that seems rather passionate to use, the cost of extracting a Bitcoin. [19659002] He noted:
The cost fully charged (for my) Bitcoin next year, will be $ 14,000, as evidence of the difficulty "
He has continually noted that Bitcoin has held dear my price, which means that Bitcoin will increase to meet the cost of mining when necessary.
Robert Sluymer, also from Fundstrat, sees Bitcoin Bottoming
Down on the street in the CNBC broadcasting hall, Sluymer pointed to the series of lows higher that the price of Bitcoin should hold to if the market remains in a bearish state
As Sluymer said last week on another CNBC segment:
We think that Bitcoin is starting to base a very important support around $ 7,000 and we think
He repeated yesterday's transmission that he believes Bitcoin is going to "challenge his downward trend", with the price movement of Bitcoin that could turn upwards if it breaks the assets These downward levels [19659002] In addition, he also pointed out that Bitcoin's RSI was sitting at a fairly low level, similar to the levels seen before previous temporary upward movements seen at the start of this year.
Sluymer said:
The setup is there but what we have to see is that the token unlocks and goes through some very important levels.
Sluymer also noted that one of these key levels is $ 7800, which Bitcoin almost tried last week, but without success, with Bitcoin struggling to break that level.
The market analyst said specifically: "$ 7800 level, and he needs to surpass that level to confirm that you're actually getting a" turnaround "
However, like many ana lysts , Sluymer has something to say about the unlikely eventuality of a scenario "the worst gets worse". He said that if Bitcoin does not maintain price levels at $ 7350 and $ 7000, we could see further steps towards the downside.
But Sluymer still shared the upside feeling with his colleague, Tom Lee, saying:
If you're short we think you should be very careful and reduce your short exposure. I think that if you're trying to be long it's here that you start adding here to your long exposure
Today we will shed light on the Bitcoin 2018 predictions.
Bitcoin Price Today
SEE ALSO: [19659026] Bitcoin Price Forecasting 2018: How high can the price of Bitcoin go in 2018? Up to $ 1 million or up to $ 100? (In-depth analysis)
Bitcoin Forecast 2018:
https://twitter.com/SalihSarikaya/status/1004462280820420608
According to a Bitcoin investor, Tom Lee Bitcoin plans to reach nearly $ 25,000 by the end of 2018. He also believes that it will rise to $ 125,000 by 2022. These numbers are quite bullish. According to a report by Fundstrat Global Advisors, the recovery in Bitcoin will also be quite fierce. Furthermore, most experts believe that by the end of July there will be a complete recovery. After that, Bitcoin will again be able to reach even the new highs. This is why many investors think that it will be able to reach new highs constantly during the second half of the year .
According to Lee, Bitcoin will be used much more predominantly during the 2 nd half of the year. Also the acceptance of Bitcoin will continue to grow. He also added that once Bitcoin has crossed the highest, the movement will return. If this happens, you can be sure that it will be able to create new coherent highs.
Blue-chip between cryptocurrencies:
He also believes that Bitcoin and Ethereum are actually the blue chips among cryptocurrencies. This is why investors should think about investing in both, Bitcoin and Ethereum.
When you are invested for a longer period of time, you can be sure that the yield that you will be able to get will be huge as well. This is why many investors are actually confused if they should invest at current levels or if they should avoid investing at current levels.
One thing is certain that Bitcoin is gaining much pre-eminence in the last days. Furthermore, it seems that the momentum is coming back too. If indeed, it is able to recover momentum, it will be able to increase much faster. Furthermore, awareness of Bitcoin and cryptocurrencies also increases constantly. This is another reason why investors will be able to easily get a good return on Bitcoin over the next few years.
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Bitcoin price forecast 2018: How high can the price of Bitcoin go up in 2018? Up to $ 1 million or up to $ 100? (In-depth analysis)
Bitcoin prices in 2018 were marked by the volatility that made bitcoin prices forecast in the short term a bit of a challenge, even for experienced analysts. At the time of writing this article, the price of Bitcoin has declined from 10k to less than 8k following the news that the giants of search engines Google will ban cryptographic announcements . So far, 2018 has presented its surprises though not as dramatic as the roller coaster we say in 2017.
History generally has a way of repeating itself, but the bitcoin has a lot of history that makes it a challenge equal to predict what the repeated story will be. It takes a lot more than a study of past trends to get timely predictions and so we ended this article by highlighting some area experts who were watching.
Analysts, enthusiasts and industry figures have very divergent views and bitcoin prices both long and short-term predictions. Optimism is still high in many quarters – reports from a new survey of UK financials suggest that a large majority will buy more coins in hopes of a resumption of prices by the end of the year.
As we delve into who is saying what and why, here is a su. Expect many more price fluctuations in the meantime. It will be a bumpy ride to get anywhere Bitcoin is in the lead by the end of the year.
Surely, Bitcoin is directed – John McAfee
John McAfee, Bitcoin advocate and founder of the famous McAfee antivirus software, is making a lot of positive on Bitcoin. He predicted that the price of Bitcoin will reach $ 1 million by 2020 after last year's forecast of $ 7,000 that was exceeded.
When I predicted Bitcoin at $ 500,000 by the end of 2020, it used a model that included $ 5,000 at the end of 2017. BTC accelerated much faster than my assumptions about the model. Now I'm preaching Bircoin for $ 1 million by the end of 2020. I'll still eat my dick if I'm wrong. pic.twitter.com/WVx3E71nyD
– John McAfee (@officialmcafee) 29 November 2017
The Bitcoin Price Prediction Tracker portal, Bircoin.top, did the calculations and explained that Bitcoin needs to grow every day at 0.4840957034310259% per day to meet McAfee forecasts. Currently, Bitcoin is around $ 8,207 compared to $ 7,171. Cool, right? However, to achieve the goal of McAfee, BTC would have closed the year just over $ 29k.
[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””] "The BTC accelerated much faster than the assumptions of my model.Now I foresee Bitcoin to $ 1 million by the end of 2020. I will still keep my d ** k if wrong" – John McAfee [/perfectpullquote]
In addition to the economy behind the limited supply of Bitcoin, its forecast considered factors such as the increase in the adoption of Bitcoin and blockchain and the total capitalization of a cryptocurrency of about 162 billion dollars which gives ample room for growth.
Expect stability only after 10 years – Kristjan Dekleva (Hedge)
The Swiss- A financial expert based there will give us courage for a decade of turbulence before any hope for a stable bitcoin. This suggests that it will coincide with a general acceptance of Bitcoin even in difficult China. This, however, not as a fiat replacement but as a valid alternative
[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””] "In my opinion, it will take at least 10 years to see stability". – Kristjan Dekleva (Hedge) [/perfectpullquote] Finance expert at the cryptocurrency project Hedge sees the investment in Bitcoin as too similar to the DotCom bubble of the years & # 90;
So Mr. Dekleva, what do we have for dinner in 2018?
[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””] "In the short term, the falls were driven by emotion and in many cases by misinformation – a small voice can have a great impact … The question is guided by the market speculation, but the absence of institutional investors means that the market is unstable. [/perfectpullquote]
Instability it is .The next stage is the prestigious Harvard
Bitcoin will shrink to $ 100 – Kenneth Rogoff (Harvard Prof and former head of the IMF)
Known for his disparaging remarks against Bitcoin, former chief economist at the International Monetary Fund (IMF) Kenneth Rogoff poured icy water on Bitcoin's hopes of bringing it to the moon. [19659002] [perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””] "I think Bitcoin will be worth a small part of what it is now if we're going out in 10 years from now … I would see $ 100 as much more likely than $ 100,000. " – Kenneth Rogoff [/perfectpullquote] Rogoff's prediction is based on his long-held belief that governments will rise up against anonymous virtual currencies such as Bitcoin.The government regulations, according to Rogoff, will make the Bitcoin bubble burst, but a pioneer Bitcoin on Wall Street thinks along very different lines.
Bitcoin to reach $ 25k in 2018 – Tom Lee (partner Snr. Fundstrat; former head JP Morgan)
Bitcoin's popular programmer Tom Lee expects Bitcoin it reaches $ 25,000 by mid-2018, more than double its price of about $ 10,000 in January when the forecast was originally formulated.
[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””] "We expect the major bitcoins to be low to be $ 9,000. , and we would be aggressive buyers around that level, " – Tom Lee [/perfectpullquote] Although Bitcoin went under the Lee base of $ 9,000 (close to $ 6,000), it bounced back to $ 11,000 in March. It's a similar tour to what we saw last year for Bitcoin to reach this goal. To make this happen, Lee counts on a larger number of institutional investors taking on Bitcoin and a steady increase in the Bitcoin user base. Lee's goal could be half of the vote according to the cryptocurrencies
Volatile Bitcoin to touch $ 50,000 – Jeet Singh (portfolio manager of cryptocurrencies)
Speaking in January at the World Economic Forum in Davos, expert manager of cryptocurrency funds, Jeet Singh predicted that the price of Bitcoin will reach $ 50,000. He warned of strong price fluctuations that he believes are normal for a Bitcoin market that is still maturing.
[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””] Bitcoin could definitely see $ 50,000 in 2018 … We will probably go through a period of suffering of volatility around the time of the next benchmark of $ 10,000 of Bitcoin. " – Jeet Singh [/perfectpullquote] Just like Lee, Singh expects Bitcoin to be adopted not only in the black market but in institutions and entire countries, but if 50k seems too optimistic, how about 100k from" Nostradamus of Markets " ?
Bitcoin is the future, Fiat has passed – (Tim Draper, Venture Capitalist)
In 2014 with bitcoin for only $ 413, popular VC, Tim Draper predicted bitcoin to reach $ 10,000 in three years. It came a month sooner than expected to earn a reputation among cryptography fans, although he did not categorically expect a $ 100k Bitcoin in 2018, he said he expected Bitcoin to continue its growth in an interview with Bloomberg Last year, Tim Draper made successful bets with Tesla, Skype and Twitter in the past
Assuming that this growth takes place at the same rate as the 3-year trip up to $ 10k, we are ready for six figures. It's exactly that that tests Draper of Bitcoin perspectives. Now on someone who understands a lot about the bitcoin foundation.
Bitcoin will reach $ 40,000 – Llew Claasen (executive director, Bitcoin Foundation)
Last month, Llew Classen made a bold statement to reassure the believers of Bitcoin that the cryptocurrency is active on the right track, in particular, in track to reach the score of $ 40,000. Although his view of some altcoin supporters has not been very encouraging, he made it clear that as something new, the cryptocurrency will be as risky as it is exciting.
Bitcoin will exceed $ 43K by December 2018 – (Finder.com survey)
Finder.com sought opinions on 13 cryptocurrency experts and concluded that the price of Bitcoin would have seen a 300% growth land at $ 43,000 by the end of the year. The site has also predicted Bitcoin to more than $ 14k by March 1
[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””] "While we saw the top 10 coins plunge 24% last month, our poll shows that panelists expect this to be a obstacle in the coins are destined to recover. "- Jon Ostler, UK CEO, finder.com [/perfectpullquote]
Ostler noted that the forecasts were not thrown into the stone as they can be easily influenced by" external factors as regulations, laws and banking systems "
One day Bitcoin will arrive at $ 320,000 – Cameron Winklevoss (co-founder, Gemini)
One of the famous Winkelvoss twins, Cameron Winklevoss recently said that he could easily see the price of BTC increase by 40% a day. Maybe this year? Not likely The twin said that he and his brother were taking a longer perspective, 10 to 20 years.
[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””] "Bitcoin is currently fixed in the supply, so it is better than poor … it is equivalent to better gold across the board.We think that, regardless of price moves in recent weeks, it is still a resource very underrated. "- Winklevoss [/perfectpullquote] The fourth richest investor in cryptocurrencies has weighed the bitcoin against gold and has issued a resounding verdict. "We believe that the bitcoin upsets the gold" .
Bitcoin will reach $ 1 million – Bobby Lee (CEO BTCC Exchange)
Bobby Lee, CEO of Bitcoin's first Chinese exchange speaking at the London Blockchain The week is over with his prediction. Lee said bitcoin will exceed $ 1 million but unlike McAfee, he could see it happen in 20 years.
[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””] "Bitcoin, I think it will get $ 1 million per bitcoin … Right now it's 10,000, it will go to 100,000 and then to 200,000, 500,000." – Bobby Lee [/perfectpullquote] [19659022] IN SUMMARY
A good number of analysts have also had their opinion even if very few would have been attracted in real forecasts. We have observed a general tendency in their evaluations.
Expect price fluctuations:
At this stage, bitcoins and cryptocurrencies will be strongly influenced by speculation. Even small developments in governments, traditional prices will probably affect prices. Most say that fluctuations are normal and do not affect long-term prospects
Long-term prospects
Experts would prefer to make predictions over a longer period. It is more common to have bitcoin price forecasts for 2020 or a 10 to 20 year perspective. While current reality may suggest a bit of sadness, it is worth remembering that the heights reached last year have come amid similar corrections along the way. It is only the 1st quarter of the year.
Bitcoin will be the standard for virtual currencies.
Although bitcoin may have a limited use case, it has been tampered with to remain the king of all cryptocurrencies. It will not be about "which altcoin will exceed bitcoin" rather than how they will impress on their special use cases. It is a fact that the technology behind bitcoin is less sophisticated than many other projects such as ethereum.
Bitcoin as a store of value
Gradually, bitcoin is seen more as a store of value than a real currency being compared to gold and other assets. Bitcoin was originally designed as an alternative currency to cash out the unbanked. Most decision-making bodies and financial experts, however, see Bitcoin more as a store of value, a resource rather than a means of transaction.
Many Altcoins will suffer
Part of the process that will lead to the general acceptance of cryptocurrencies will include a cleanup of "useless" cryptocurrencies. A good number of the 2,000 coins will naturally go as their value becomes useless: some, only a fraction of a cent. Brad Garlinghouse, CEO of Ripple and Llew Claasen of Bitcoin Foundation are among those who raise this alarm.
Economics of Scarcity
The limited supply of bitcoin, a fixed supply of 21 million BTC, will play a role in its price; if not now, in the future.
External factors will play a significant role
Many observers believe that the external factors that influence the adoption of bitcoins will ultimately determine the price in the short term. For example, the creation and development of futures markets should tilt the price in both ways.
There are still concerns for bitcoins used for illicit purposes
Because of the anonymity of Bitcoin transactions, it has been used to conduct illegal activities that give Bitcoin a bad overall picture. This image, according to analysts, will influence its adoption and, ultimately, its future prospects.
Finally, caution in putting at risk the savings of a lifetime
The investments in the crypt are new and super-risky. Remember the ethereum founder who claims that the criptos are so risky that the premiums could actually drop to zero. Well, that does not seem practical but the message was clear. Do not invest the savings of a lifetime in bitcoins or cryptocurrencies in general. Just as John Draper noted, you still need to buy things in fiat. So although bitcoin is worth much more in the future, it is advisable to invest as much as one can afford to lose.
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