Tag: Bitcoin price

All bitcoin price related articles are found here. Educative, informative and written clearly.

  • The Bitcoin price may rise towards $8,000 next week?

    The Bitcoin price may rise towards $8,000 next week?

    The Bitcoin price may rise towards $8,000 next week
    Bitcoin rose above $7.402 and market cap moved upward by +0.89% to $137.68 billion

    The Bitcoin price may rise further since it has continued being above the level of $7,000. That is important not from psychological only. Over the weekend, it traded between the $7.100 and $7.200 and by now has grown to reach a bit over $7.402 according to the Coindesk and at the moment of writing,

    The weekend began with cryptocurrencies retracing, but it ended with a rally. Bitcoin (+4.5%), Bitcoin Cash (+4.14%), Ethereum (3.7%), and Litecoin(+4.73%) were the best among the top ten cryptos.

    That caused crypto analysts to be hopeful about the short-term price action of Bitcoin. One of them suggests a price range to which Bitcoin may rise this week.

    @CryptoMichNL wrote:

    “Currently at potential local resistance. Wouldn’t be surprised with the continuation of ranging for the coming days, before we make another push to $7,800-8,000 resistances later next week.”

    Today ( December 23) followed by another tweet:

    Last week, the famous investor and BTC bull Tim Draper had stood by his previous forecast about Bitcoin popping $250,000 by the end of 2022 or by early 2023.

    And CNBC’s crypto expert Brian Kelly said that technically this price action is possible and described how it could befall.

    Brian Kelly said:

    “It sounds bizarre but it wouldn’t be out of the realm of what Bitcoin has done in the past.”

    Kelly showed a chart of Bitcoin price movements since 2013 and pointed out that since then Bitcoin price has been moving within a rising channel. The top of that channel, Kelly says, is right about $200,000 – $250,000.

    As for the fundamentals that could lead to this price leap, Brian Kelly calculated that by late 2022 or early 2023, Bitcoin could take half of the market share from all the world’s gold and by that time the market cap of Bitcoin should be almost $4,5 trillion.

     

    If that arises, Kelly said, Tim Draper’s prediction “isn’t too far out of whack.”

    The Bitcoin market cap moved upward by +0.89% to $137.68 billion and trading volume is at $27.23 billion.

    Bitcoin dominance increased lightly and is now 68.65%.

    Bitcoin has broken the sideways movement after the bullish impulse that made last December 18. The price moved up from $7,150 to exceed the $7,650 value but fall again to $7.402.

    This $500 movement was the confirmation of the trend reversal that was expecting. Will the move proceed until it touches the upper descending trendline at $7,800? We’ll see.

  • Bitcoin dominance rate – Why some are concerned?

    Bitcoin dominance rate – Why some are concerned?

    Bitcoin dominance rate - Why some are concerned?
    Why this question about the Bitcoin dominance rate now?

    By Guy Avtalyon

    The bitcoin dominance rate is a very important indicator of crypto market preferences. It is the measure of how Bitcoin is important in the crypto world. To know the Bitcoin dominance rate observe its market cap as a percentage of the entire market cap for all cryptos. The traders and investors pay a lot of attention to it.

    Okay, it isn’t shocking news that Bitcoin is dominant. Everyone knows that. It is here for a long time, it was the first, it has attention like a rock-star.

    So, why this question about the Bitcoin dominance rate now? The alarms are a turned-on because of Bitcoin’s current climbing.

    In the crypto markets, it covers about 70% of the market cap as a whole. The same level was seen in April 2017.
    So, there we have a concern on the scene!

    Some are afraid that this is a sign that the bull run is close. That will accelerate bitcoin’s dominance to over 90%. The existence of any other crypto would be doubtful. That high dominance rate would destroy the others.

    The altcoins are on the edge of return, think others. Or no-return, the opponents are kidding. As always, when it comes to data interpretation you can see and hear literally everything and anything. But to be serious, the bitcoin dominance rate may show us many things. Even the increase isn’t always good news.

    Why increasing dominance rate isn’t good news? 

    Well, Bitcoin’s dominance rate is not an independent measure. It is related to momentum, inclination, confidence. In one word – popularity. Bitcoin is the most popular cryptocurrency without a doubt.

     

    The price of Bitcoin is the measure of its reputation. On the other hand, dominance is related to bitcoin’s relationship to other cryptos. There is one trick: the dominance may increase when the price is going down and vice versa. To repeat, it isn’t an absolute measure.

    Bitcoin’s high dominance

    It could be a double sword.

    Bitcoin is an extremely volatile asset and risky this attribute often led investors to less risky assets and, can we say, safer. But, on the other hand, thanks to its popularity the whole sector of crypto assets may benefit if there are more investors in Bitcoin.

    This new increasing Bitcoin dominance is proof that investors’ sentiment that this crypto is relatively safe to invest in.  The sentiment indicator is just a current opinion, be careful with that.

    How can you be sure the trend will continue? With what energy? What sentiments do is give power, to push things to go further, to build a chain of very convinced investors and traders who are buying bitcoin. 

    The added importance is market trust, particularly at the initial steps of institutional engagement.

    Big traditional funds are not worried about the relative value of one token related to another. Their consideration is their portfolio. They will decide what is better to invest in, crypto, or some other asset. Having that in mind, it is more likely they will invest in Bitcoin if they want to have crypto in their portfolios. 

    Why is that?

    Bitcoin has the liquidity, active derivatives market and is registered in most jurisdictions. With the rising dominance rate, Bitcoin has the opportunity to boost investors’ trust in the overall crypto market. 

    But nothing would last forever.

    Prior run-ups in the dominance rate were followed with a change altogether with investors’ attention to new choices. That is a calculation. When market leaders grow extremely, wise investors take profits and re-invest in other winning assets. The last bull market noticed bitcoin’s dominance decline from above 85% to under 40%. This time it is something else.

    How? During the previous bull market, we had plenty of new tokens. Where are they now? They are not exciting anymore? No, they are not existing anymore.

    Moreover, the interest of institutional investors with a focus on bitcoin will launch bitcoin’s dominance to jump even more.

    Stay tuned and keep your eye on what is happening behind the stage. Traders-Paradise has a fantastic example of how to MONETIZE BITCOIN

  • Bitcoin price, Trump or How Do You Understand All of This

    Bitcoin price, Trump or How Do You Understand All of This

    3 min read

    Bitcoin price

    Bitcoin has been growing of the new week after a drowsy weekend. The Chairman of the Federal Reserve revealed the chance of Bitcoin becoming the globally dominant currency. Hence, the current reserve assets could be worthless, admitted Fed.

    Let’s see first how Bitcoin performed in the past days. The Bitcoin price showed bullish signs this past week. But why now seems all of that real energy has vanished once again. What can we expect in the following days?

    Take the quiz at the end!!!

    Bitcoin made a drastic turnaround from where it was six months ago. At that time the prices pined around $3,500. But enthusiasm over broader mainstream approval has increased the hum about cryptocurrencies. The result was: the prices have the flight.

    John McAfee made a bet on July 17th, 2017: One single Bitcoin would be worth $ 500,000.00 in three years. Later he made some corrections and foretold $ 1 million by the end of 2020.

    Is that prediction really reasonable?

    Bitcoin price is about $11,300. To gain $1 million by the end of 2020, BTC should have a permanent-growth rate of almost $ 0,5 per day starting from the price level $2, 250 how much it was in 2017. on McAfee’s date of prediction.

    Yes, Bitcoin price so often changes the value so the 0,5% doesn’t sound too much. The charm of exponential increase.

    Bitcoin is limited. There is 21 Million BTC. Period. You see, we have more millionaires on this planet. There are not enough Bitcoins for each of them.

    The principle of how Bitcoin rise is simple.

    The more people are buying it, the price is higher.

    The market capitalization of bitcoin is still small. Of course, if we make a comparison to the stock market or gold for example.

    There is no need to buy one Bitcoin as a whole. You can buy a part of a bitcoin, so-called bits. And what will happen? The more people are buying, the price will grow more.

    There is no need to buy one Bitcoin as a whole.

    You can buy a part of a bitcoin, so-called bits. And what will happen? The more people are buying, the price will grow more. Moreover,  the popular fiat banking system is too complicated and you will find that bitcoin is a lot more practical. The price will jump again.

    Bitcoin against the politicians

    U.S. President Donald Trump on Thursday said he’s “not a fan” of cryptocurrencies. Moreover, he recommended that Facebook may need a banking license if the company wants to launch Libra. Sic!

    May any president have an influence on crypto?

    Well, Bitcoin doesn’t care about their opinions.

    Anyway, Mr. Trump tweeted:

    The bitcoin price rose after Trump said he is not a fan of it.

    Take the quiz at the end of the post!!!

    … and about Facebook’s Libra

    In the past 24 hours, the price of Bitcoin rose 7,9%.

    The other cryptocurrencies recorded even higher increases. Ethereum rose nearly 8% and Monero more than 13%.

    And BTC against the dollar marked changes that should cause the upsets. According to CoinDesk: it touched an unusual of $12,033.74 and a low of $11,142.79. Who won’t be worried?

    Bitcoin did not respect Trump’s anti-crypto comments.

    We saw the last trading! After Trump’s tweets, the BTC price was higher for 1% in one day, the price was $11,447.

    Even more, crypto doesn’t care about the Fed’s opinion. 

    Federal Reserve Chair Jerome Powell talked largely about Facebook’s Libra. 

    Powell accented that before proceeding, Facebook needs to address “serious concerns” in regards to “privacy, money laundering, consumer protection, and financial stability.”

    Same old words!

    The bottom line

    What we can say about the future of Bitcoin price is that there are some chances to drop below $11,000. The crypto market is well-known as volatile. But it can rise to $16,000 also to the end of July.

    This old guy is smarter than we think and no one should underestimate a possibility to surprise us. Moreover, many traders expect exactly that. The price to go up.

     

     

  • Bitcoin rose and hit One-Year High

    Bitcoin rose and hit One-Year High

    2 min read

    Bitcoin rose and hit over $9,000.  This is its highest since May 2018.

    This new high is perhaps caused by Facebook’s reveals to launch its crypto. Such an event added more optimism and confidence about the future of cryptocurrencies in general because it showed that digital money is going to be adopted by big companies.

    The biggest cryptocurrency climbed as much as 9.4%. Other crypto coins also rose: Litecoin for 4.4% and Ethereum for 4%.

    Cryptocurrencies price chart

    Let’s stay with Bitcoin.

    Bitcoin rose more than 130% in 2019  and has almost doubled in value. How did it happen?

    The big companies like Facebook expanded or revealed that have plans, to their offering of cryptocurrency services.

    It seems that Facebook’s plan to launch a digital currency is pushing people toward Bitcoin.

    June 18th is tomorrow ( the date that Facebook planned to reveal more details about new digital asset) and we will have full public information. Previously, Facebook announced the plan to release a white paper for “Libra” or “Globalcoin”. This should be on June 18th as they said.

    FOMO effect

    Jeremy Allaire, the chief executive of Circle, tweeted the launch of Libra (whitepaper) will be a “massive inflection point in the global adoption of cryptocurrency.”

    This entrepreneur said that by June 21st, he  expects for Bitcoin to be valued at $10,000, “marking [the] start of Crypto Summer.”

    Yes, $10,000 is a fine number, but many see it as a pivotal level for the Bitcoin price.

    When Bitcoin rose to this level, and that time isn’t so far, FOMO will favor the crypto market.

    Bitcoin chart

    If you can recall the time when BTC went over $4,500 you know what we are talking about. This means that the price of Bitcoin and other cryptos will go higher, more above $10,000 and they will do it very fast.

    For proponents, this is great news and event worth waiting for. There are so many emotions in the game. Just try to read everything on Twitter. Bitcoiners will be glad to see the opponents frustrated and to see FOMO from those who celebrated when BTC dropped about 90 %.

    What will they feel about those who believed that Bitcoin is dead forever?

    The Wall Street analysts stated that once $10,000 is broken trough, there will be a “fast and furious” progress to $20,000. Taking that new value as the new position, it looks more obvious that Bitcoin can double the price in the following several months.

    The price of $40,000 sounds pretty good, don’t you think?

    Some have a different opinion

    However, there are some that deny this pleasant emotion about Libra and bright influence on Bitcoin.

    Peter Schiff, investor, and libertarian-leaning economist speculated that Facebook’s Libra project will be “bad news” for Bitcoin.

    This famous cryptocurrency critic, who claims that BTC has no intrinsic value and thus is not better than hard gold (Schiff is a prominent gold investor), calculates that Libra will be much stabler, cheaper, and more easy-to-use than Bitcoin.

    And yes, that is exactly what Facebook promised about Libra,

    low fees, fast transfer and a level of stability not seen with Bitcoin.

    Behind this promise is the idea that the new cryptocurrency will be secured with traditional currencies and other ‘steady’ assets.

    The bottom line

    All is math. Bitcoin was $2,634 on June 16, 2017. Say you bought some BTC at that time. Now, you have an almost tripled return after 2 years. Bad investment? Never dare to say that. Sudden and fast ups and downs, yes. That’s the nature of Bitcoin and any other cryptocurrency.

    And speaking about Bitcoin’s future, as Nelson Mandela said: “It always seems impossible until is done.”

    risk disclosure

  • Bitcoin Price Prediction for 2019

    Bitcoin Price Prediction for 2019

    Bitcoin Price Prediction for 2019
    Bitcoin price prediction can be a very tricky job. The market is volatile and Bitcoin itself is a real roller coaster.

    By Guy Avtalyon

    What is the Bitcoin price prediction for 2019? What can we expect? Can we expect a new bull run? Will the BTC price stabilize? Are we in for another bear year? Will Bitcoin crash or rise?

    So many questions. Many experts and influencers have shared their price predictions for Bitcoin in 2019.

    Most of you know of the famous Bitcoin price prediction of John McAfee. He said he will eat his dick on national television if BTC not hits $1 million by the end of 2020.

    Now, McAfee didn’t give a price target for 2019, but based on his 2020 prediction Bitcoin needs to be worth just over $170,000 on December 31, 2019, to be on track to hit the $1 million mark a year later.

    Well, it’s time to be serious.

    Seriously, how far can Bitcoin price actually go? No one knows where the price is going to go. These sorts of price movements are common in the volatile world of cryptocurrencies.

    But, 2019 is what the crypto fans are looking forward to. The NASDAQ has also vowed to launch Bitcoin futures in the first half of 2019.

    One of Bloomberg’s column stated that there is a probability that FUD(Fear, Uncertainty, and Doubt) might loom over crypto space in 2019.

    Also, analysts and enthusiasts kept their hopes high. Mike Novogratz said explicitly that he believes there is going to be big adaption in 2019, 2020 as he thinks there will be more contributions from people in the blockchain world.

    After the state government of Ohio has announced that it is going to accept tax payments in BTC it sounds possible. The government has partnered with Bitpay to make this happen conveniently.  So it is possible now the bitcoins can be converted into dollars on behalf of the tax office. The adoption rate going higher and higher.

    Market Prediction For Bitcoin Price

    The market is experiencing volatile conditions. Let’s take a look at the prediction with the market experts. They have been the mind of the cryptocurrency market. Let’s take a look at the famous Bitcoin predictions:

    John McAfee, the founder of the popular McAfee software and a bright Bitcoin follower predicted that Bitcoin will hit $1 million by 2020.

    Sam Doctor and Tom Lee Bitcoin Price Prediction

    Tom Lee, ex-Chief Equity Strategist JP Morgan, and Co-founder and head of research of Fundstrat, believes BTC would grow.

    He is counting on more institutional investors taking on Bitcoin and a steady increase in the Bitcoin user base. Lee explained the current fall in the price of bitcoin by referring to the recent plunge in the price of tech stocks, like Amazon, Apple, and Facebook. He thinks that increased institutional fortunes would help turn BTC’s future around very soon.

    Tom Lee said that the BTC fair value is much higher than the current price. The current fair value is somewhere between $13,800 and $14,800 which he believes might increase and reach $150,000 per coin. As soon as bitcoin wallets account for seven percent of 4.5 billion Visa holders.

    Sam Doctor, an analyst from Fundstrat along with Lee predicted that by 2019, BTC might reach nothing less than $36,000, with the probability of $64,000 at the maximum and $20,000 at its lowest.

    Sonny Singh Bitcoin price prediction

    In a recent interview for Bloomberg, Sonny Singh, the chief commercial officer at Bitpay commented on why it is okay not to panic looking at the current market condition.

    Singh, who is a Bitcoin maximalist, called Bitcoin an “800-pound gorilla, as it has access to the most notable “network effect” of all decentralized networks. He is assertive of the fact that there is a high possibility that BTC might reach $15,000- $20,000 by Thanksgiving, 2019. He was explaining that the probability of a crypto ETF and an influx of funding for startups is high on the cards.

    Ronnie Moas Bitcoin price prediction

    Ronnie Moas is a cryptocurrency analyst. He predicted that BTC might reach $28,000 by 2019. Also, he believes the demand for BTC would increase with its decreasing supply. And he claims that by 2019, the adoption rate would increase. Hence, people would demand more of it. But remember, BTC is not unlimited in supply.

    Anthony Pompliano Bitcoin price prediction

    Anthony Pompliano, founder of Morgan Creek said that “Bitcoin isn’t going anywhere:”

    Pomp tweeted that BTC might go as low as $3000, after which it will continue being bullish starting from 2019. He declared that there is no reason to freak out on the declining price as Bitcoin’s fundamentals are becoming stronger.

    Traders Paradise Bitcoin price prediction

    Bitcoin has been experiencing fluctuations over time. But Traders Paradise strongly believes that Bitcoin will soar up. We have to remind you that Bitcoin’s price falls when Bitcoins being used for illegal purposes. And Bitcoin experienced so many troubles like hacking and stealings. Also, you have to know that Bitcoin is still the market leader.

    NASDAQ is launching BTC’s future, that too at the very beginning of 2019. So, Bitcoin’s price might reach greatly increase by the end of 2019. Hence, this year could have a good prospect and development for Bitcoin.

    This year will be bullish for Bitcoin. More people will start believing in the technology behind Bitcoin. It is very possible for Bitcoin to tripled price by the middle of 2019.

    There is some logical explanation, the more the trading, the more the price.

    We all know there can be only 21 million Bitcoins mined, out of which 17 million has been mined already. That means only 4 million to be mine. That will make its value more. Besides that, more and more countries have shown willingness to integrate Bitcoin and other cryptocurrencies into their financial systems. The governments and the central banks will embrace the digital currencies. Hence, the demand should be more.

    Truth is that regulated markets can function freely and securely.

    Bitcoin prices in 2019 will be marked by volatility which has made bitcoin price prediction in short-term a bit of a challenge, even for experienced analysts. So far, 2018 has presented its own surprises though not a dramatic as the rollercoaster it was in 2017.

    By the end of the year 2019, the Bitcoin price could reach five-digits value. That means that the 2018 bearish trend ends and shifts to the bullish trend.

    Traders Paradise’s prediction is that the cryptocurrency market will experience a certain optimism in 2020. Not only Bitcoin, but all the major cryptocurrencies will also experience an upward shift.

    By 2023, Bitcoin will be used more often by more people. The real-time use case will be increased. That will make it even more powerful.

  • Bitcoin price fall – new yearly lows

    Bitcoin price fall – new yearly lows

    2 min read

    Anniversary to Bitcoin!

    Bitcoin price fall again. ‘Bitcoin Black Friday is a one-day event that brings together bitcoin merchants and bitcoin users.

    Merchants simply list their bitcoin exclusive deals, and users can check out all the deals in one place. This year, we’re focused on quality merchants that care about the bitcoin community states the Bitcoin Black Friday website. It says it will publish all the best deals from merchants on Friday, 23 November. 

    Bitcoin price fall by around $2,000 over the last week. It marks the big losses in this year for the world’s leading cryptocurrency.

    The falling price of bitcoin in past days has led to some cryptocurrency analysts joking that bitcoin has gone on sale. Just in time for Black Friday.

    But it is an opportunity for savvy investors. They understand that digital currencies are the future of money. They will be capitalizing on the lower prices in order to build their portfolios and shore-up their positions

    “Prices might fall further over the next few days, but we can expect a long-term upward trajectory for the crypto sector”, said Nigel Green, founder, and CEO of financial services firm deVere Group.

    The future of Bitcoin

    The cryptocurrency market has slowed over the past few months. However, Robert Sluymer and Tom Lee, both from market analysis firm, Fundstrat, also believe that this will change very shortly.

    Tom Lee is one of the most prominent cryptocurrency bulls out in the space right now. We all can see him on mainstream media sources covering topics related to the cryptocurrency industry.

    On Wednesday, Lee doubled down on his $25,000 prediction. He didn’t sound skeptical in his belief one bit.

    He noted: ‘The fully loaded cost of (to mine) Bitcoin next year, is going to be like $14,000, reflecting the difficulty’.

    Why he is holding strong on this prediction?

    He believes that traditional institutions, like banks, will begin to stack as they see “lucrative” business opportunities arise. Lee also believes that the regulatory climate around cryptocurrencies will only improve as cryptocurrencies reach higher levels of institutional and retail adoption.

    Robert Sluymer, also from Fundstrat, sees bitcoin bottoming.

    Sluymer pointed out the series of higher lows which the price of Bitcoin should hold at if the market stays in a bearish state.

    ‘We think Bitcoin is starting to bottom off some very key support around $7,000 and we think it’s going to start a recovery process here.’

    He repeated that he believes that Bitcoin is about to “challenge its downtrend,” with Bitcoin’s price movement possibly turning to the upside if it breaks through the current downtrend levels.

    Bitcoin price is sitting at quite a low level.

    And it is similar to the levels seen before previous temporary movements to the upside seen earlier this year.

    Truth is that what we need is to see is the bitcoin actually breakout and move through the key levels. Sluymer noted that one of these key levels is at $7800, with Bitcoin struggling to surpass that level.

    Over the past days, Bitcoin’s range had tightened up and seemed like another wild move will take place. We are not quite sure in which direction. From one side, the market is eager and deserves a correction back to the $5K+ area. But on the other hand, there is still a lot of panic selling, and Bitcoin look like has to go lower.

    Some bitcoin exchanges are even offering bitcoin giveaways in an effort to entice people to their platforms.

    Crash but still hope

    Bitcoin has experienced five major corrections to date, and the recent bear market of 2018 is the smallest major correction to date.

    As seen in a table shared by a renowned trader and technical analyst Peter Brandt, bitcoin price fall of 79.7 percent in the past eleven months as its price declined from $19,500 to $4,035.

    Bitcoin price fall - new yearly lows
    In 2011, 2013, and 2015, Bitcoin recorded drops in the range of 82.6 percent to 94.3 percent, declining by 85.3 percent on average. For BTC to record an 85 percent loss from its all-time high, it would have to drop to $2,950. But, there still is strong support at the $4,000 support level. Even if BTC drops to $2,950, an 85 percent drop from its all-time high is only the average loss BTC recorded in the past four major corrections.

    The 79% decline in the price of bitcoin from $19,500 is mainly caused by a lack of liquidity in Bitcoin markets. Trading giant Susquehanna executive Bart Smith noted that there are no viable investment vehicles for a regular retail trader. That means it is still difficult to invest in the cryptocurrency market.

    The short-term price trend of cryptocurrencies does not accurately portray the last eleven months of positive developments in the cryptocurrency sector. For that reason, high profile investors like billionaire Tim Draper, Mike Novogratz, and Susquehanna executive Bart Smith are optimistic in the long-term trend of Bitcoin.

    It is too early to confirm that the cryptocurrency market has achieved a bottom and that bitcoin has stabilized in the low price range of $4,000 to $4,500.

    Depending on the short-term price trend of bitcoin throughout November, could trigger an accumulation period throughout the first quarter of 2019.

    Risk Disclosure (read carefully!)

  • Why Bitcoin Has Jumped?

    Why Bitcoin Has Jumped?

    1 min read

    Why Bitcoin Has Jumped?

    On Monday morning Bitcoin has jumped almost 10%. The world’s largest cryptocurrency is back above $6,500. Last week, Bitcoin value seemed to be heading below psychological, $6,000 mark.

    According to CoinDesk data Bitcoin jumped from $6,222 earlier today, October 15, to early highs of $6,732, adding almost $10 billion to bitcoin’s market capitalization in a few minutes. On some exchanges, the bitcoin price went up to over $7,200. 

    According to the same source, the sudden rise in the bitcoin price this morning was signaled by a sell-off of the dollar-linked tether digital coin, the only cryptocurrency which was down today. Bitcoin jumped to $7,200 on Bitfinex, Kraken, Binance, and OKEx, which are all platforms that support USDT. At the same time, Bitcoin moved above $6,700 on non-tether-enabled platforms.

    To understand the nature of Bitcoin READ THIS: MONETIZING BITCOIN – THE TECHNOLOGY BEHIND BITCOIN AND ITS USES 

    How are they related?

    Traders sell tether to buy other cryptocurrencies and a flood of tether sellers pushed down the tether price and boost the bitcoin price if traders are moving their money in that direction. The tether was down by some 3%.

    Tether’s tokens are designed for stability and its price is usually close to the U.S. dollar price because Tether Limited, the company that issues the tokens, says each one is backed by a dollar in its bank accounts. But this proclamation is not independently verified.

    Allegedly, tether’s tokens are designed for stability and its price is usually close to the U.S. dollar price because Tether Limited, the company that issues the tokens, says each one is backed by a dollar in its bank accounts. But this proclamation is not independently verified.

    According to CoinMarketCap, the tether is the second most traded digital currencies after bitcoin.

    Bitcoin’s price jump pushed up the other cryptocurrencies on the market. Ethereum price and the ripple (XRP) price both recorded around double-digit percentage gains.

    This kind of short, keen changes in the bitcoin price is often an effect of trading bots who initiate a buy or sell order, then others follow. That activity causes a domino effect on the price. The same effect may be caused by whales, large holders of a cryptocurrency or some other asset, when they buy or sell a big enough lump at under or above the current market price.

    This activity causes the market price of the asset to suddenly move to sale, often causing devastation for exchange operators.

    Can this rise in the bitcoin price be a sign of Nasdaq’s return to form? Some market observers say yes. Nasdaq last week dropped towards the end of the week.

    Whoever started this run against $USDT was a very large market participant. Isn’t it very strange that both, Bitcoin and tether, break out at the same time?

    Or the point is to show that the stablecoin couldn’t keep its peg. Anyway, it is the top story of the day.

    In other words, time will show. And the time is on the side of Bitcoin.

    UPDATE (17/6/2019): Bitcoin rose and hit One-Year High

    Risk Disclosure (read carefully!)

  • Bitcoin price – is it going to stay that low?

    Bitcoin price – is it going to stay that low?

    1 min read

    Bitcoin price

    Bitcoin price may jump or drop. I don’t know. Who knows? Anyone who knows has to get up and say the answer loud and clear. Is Bitcoin going to stay that low? Gosh!

    There are millions of predictions about this, but they’re often predicated on fake analysis, tricky intuition and genuine nonsense. Right now there are thousands of analysts investigate data asking themselves that question via many other questions that might help them.

    Bitcoin price in July 2017 was $ 2500, the expected price for July 2018 should be in the range of $6000–15000, this means it won’t go below the last year price.

    Here are some causes of why it’s difficult to predict:

    * there’s practically no information on the demographics of Bitcoin buyers. They have a different stratum of experience or they are reacting emotionally to their money fluctuations.

    * Negative news around Bitcoin can investors spiteful, primarily if journalists and financial analysts quote disinformation as their motive for drawing a conclusion.

    But there’s a handful of reasons why it might go up. Keep in your mind any of these events can happen randomly: More investors could start accepting Bitcoin as payment, another cryptocurrency could overtake Bitcoin, a sharp price decrease for almost any amount, a sharp price increase for almost any amount.

    Bitcoin price can jump or drop

    Last week, Bitcoin slipped to its lowest level since November, under $6,000. Traders attributed that to CME futures contracts expiring and generally, clouded interest from new buyers. The world’s biggest and first cryptocurrency has struggled from that lack of enthusiasm, and prices have dropped, according to CoinDesk, 52 percent since January.

    You should read THIS too: Why you should not invest in bitcoin under any circumstances

    So, what is the prediction of how Bitcoin will go?

    It is always good to look into other appropriate factors, not only history and numbers, and ask the question on what is holding Bitcoin back at the moment.

    There are increasingly positive voices coming out in favor of Bitcoin. Question is will it actually increase in value significantly until the end of this year or whether it will remain around these levels. Other cryptocurrencies have been consistently rising in the past couple of weeks. That’s why many of the enthusiasts are actually predicting higher peaks as well as newer peaks for the cryptocurrencies.

    Does it mean that  Bitcoin price can be worth more than $100k in 2018?

    Well, Tim Draper predicted Bitcoin would be $250,000 by 2022. When asked during an April Bitcoin debate how the digital currency compared to his early investments in Tesla, Hotmail, and Skype, Draper said Bitcoin will be “bigger than all of those combined” and “bigger than the internet.”

    But, it looks this year will not be a particularly good year for Bitcoin holders. It’s value having fallen for $13,400 at the beginning of January. Just two weeks before that, it was worth more than $19,200.

    Probably, yes. That is the answer to the question will Bitcoin rise in July 2018. And the contrary answer to the question ”is it going to stay that low” is NO. Though it is hard to say by how much Bitcoin is going to boost.
    What do you think? Share with us your opinion.

    Risk Disclosure (read carefully!)