Experts predict bitcoin could hit $50000
Naturally this leads to negative Bitcoin prediction, and the suggestion that investors will ultimately lose a lot of money if they are not extremely careful. Galvin suggests that the digital coin is open to manipulation, and that it is likely to decline in value in the foreseeable future. Galvin had previously issued a warning on Apple stock back in the s, but believes that this situation is far more serious. This is entirely speculation. It is this sort of Bitcoin prediction which has made the digital currency such a hot topic in , and this is set to continue into the New Year as well.
But another major player in the niche next year will be Ethereum, already established as a viable alternative to Bitcoin. Certainly, was a strong year for Ethereum as well, and this has led to some strong examples of Ethereum prediction for Ronald Chernesky, the CEO of cryptocurrency social network InvestFeed, believes that the cryptocurrency will continue to make gains next year. With the number of Ethereum transactions continuing to grow rapidly, it seems that the potential for this cryptocurrency contender is pretty high in However, many experts are sceptical about the potential of both Bitcoin and Ethereum, suggesting that the ongoing volatility and crippling government legislation could scupper the future of both digital currencies.
It is certainly the case that several countries have already legislated against cryptocurrency, and it can begin to seriously impact on the value of the payment method in the foreseeable future.
It is undoubtedly exciting times in the cryptocurrency niche, with supporters and detractors both believing that dramatic action is on the horizon.
Making a Bitcoin prediction at this time is undoubtedly fraught with danger, but those who have backed the cryptocurrency thus far have certainly been rewarded financially. The media is really trying to fool people on this one. Trying to shill and fud at the same time.
If you look at the chart on cryptocurrencies. You can pick your flavour really. Everything has become overpriced. Thanks for the comment! Personally, I've kinda lost faith in Bitcoin, but I think there are a few other currencies that will definitely shine in Still, there are a lot of extraneous factors that might affect the outcome.
Guess we gotta wait and see haha. This post has been upvoted from the communal account, minnowsupport , by Steven from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there. If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: Be sure to leave at least 50SP undelegated on your account.
Even though the price rises were massive, some experts it could be even bigger this year. Authors get paid when people like you upvote their post. Coins mentioned in post: