New Prediction Says That Bitcoin Could Hit $50,000 In 2018

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Bitcoin prediction is undoubtedly proving particularly challenging, owing to the fluctuating nature of the cryptocurrency. But the performance of Bitcoin in has been nothing short of sensational, following its massive increase in value.

Ethereum is the next cab off the rank, considered the second largest cryptocurrency in the world, and one with huge potential for growth.

So what do experts make of the future direction of Bitcoin and Ethereum? Certainly some experts make the Bitcoin prediction that the cryptocurrency has huge potential for further growth in the coming years. Those who are enthusiastic about the concept of the digital payment system believe that it will inevitably reach new heights due to its finite nature.

Only 21 billion Bitcoins can ever be produced, and this figure is rapidly approaching. This prompted Mike Dumont, a senior editor for Bitcoin.

This would be an approximate four-fold increase based on the current value. Meanwhile, many observing the rapid rise in value believe that this is nothing more than a bubble. 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 Experts predict bitcoin could hit $50000 stock back in the s, but believes that this situation is far more serious. This is entirely speculation.

Experts predict bitcoin could hit $50000 is this sort of Bitcoin prediction which has made the digital currency such a hot topic inand 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 experts predict bitcoin could hit $50000 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 experts predict bitcoin could hit $50000.

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 experts predict bitcoin could hit $50000 Bitcoin prediction at this time is undoubtedly fraught with danger, but those who have backed the cryptocurrency thus far have certainly been rewarded financially.

Bubble warning Meanwhile, many observing the rapid rise in value believe that this is nothing more than a bubble. Market scepticism 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. Q1 13F Filings — Quick Snapshot. Search News On ValueWalk.

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Can Bitcoin recover from the recent market crash and go on a bull run greater than last year? According to a report by CNBC , there is a high chance that this will happen. The recent cryptocurrency sell-off came after massive price rises for many coins last year.

Other major cryptocurrencies like Ethereum and Ripple rose over 8, percent and 32, percent respectively. What do you guys think?

Is a crypto moonshot possible? Or will the prices never recover from January's crash? It would certainly be nice if cryptos went on a bull run like Reading old predictions, however, makes it seem like it might have become too big too quickly.

The correction, while brutal, is probably healthy. I totally agree with you. In fact, I wrote this other article about how the crash is good as most exchanges are struggling to keep up with the increasing volume that is being traded every day.

I guess too much too soon is never good aye? I am a robot. I just upvoted you! I found similar content that readers might be interested in: I've seen this news like yesterday. 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: Now the question is "Is this going to burst? Thank you so much for the support!