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Bitcoin Hits A Multi-Week High, Comes Close To $17k

With a climb of around 11% in just one day, Bitcoin has come to its highest price since mid-December. At the time of writing, one Bitcoin is worth $16,794 and the total market cap is $281 billion.

Bitcoin’s performance in 2018 has been encouraging for many people who have watched the profits ebb in parallel with the surge happening with altcoins. The trend made a pause after weeks of bearish action in December – but shows that Bitcoin will again rise to new heights.

After the dip from $20,000 to around $13,000 last month, it seems that Bitcoin is again hitting the $20k mark and an all-time high. On social media, the opinions are divided and no one knows if the price of Bitcoin will rise again.

 

 

The optimism for well-known figures has remained unshaken. Despite the interest in Ripple over the past weeks, a few investors have sparked the popularity of Bitcoin and once again showed its true potential.

An online commentator of the crypto trends also scratched the surface of possibilities on Twitter, giving kudos to a theory that is circulating on Reddit regarding the current price movements in the Bitcoin and altcoin markets.

 

The post stirred a lot of discussion and made things even more interesting for Bitcoin. The big question is – will Bitcoin finally cross the $20k mark – and will that happen this month?

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Bitcoin News

Is Bitcoin’s Price Headed To $100 Or $100k: Economists & CEOs Have Their Say

‘Where is Bitcoin’s price headed to?’ is the question everyone seems to ask nowadays.

After coming close to $20,000 in December 2017 and starting 2018 in a relatively good fashion, February was hard for Bitcoin and most of the cryptocurrencies – sinking the largest cryptocurrency to less than $7,000 and the entire crypto market cap from $800 billion to less than $250 billion.

Currently, there are many predictions and scenarios. Below, we are analyzing and discussing the most popular ones – in order to estimate all the directions of Bitcoin’s price in the medium to long-term.

Scenario #1: Investors’ money will increase Bitcoin’s price

The first scenario was discussed by the CEO of an American Express-backed startup named Abra. In an interview with Business Insider, he predicted that big investors will drive the Bitcoin’s price to new gains in the long term.

Jan Brzezek, a CEO & co-founder at Crypto Finance AG (a regulated crypto fund) also had his say on the situation. He said:

“It was clearly a hype and FOMO [fear of missing out] was everywhere. But not from rational institutional investors, but retail investors chasing the quick money. There is no free lunch, so this correction was obvious for me. I even expected it earlier. Those investors burnt their fingers and are now too afraid to go back to this exciting new asset class and the expected institutional money has not flown in yet.”

On top of all this, the potential regulation of Bitcoin that is already happening in countries like Malta and Switzerland is likely going to make the price go up and up in the medium to long-term.

Scenario #2: A decade from now Bitcoin is more likely to be worth $100 than $100,000

Kenneth Rogoff, who is a Harvard economist, recently predicted that Bitcoin’s volatility is what makes the cryptocurrency potentially dangerous. On top of that, he pointed to the potential money laundering and tax evasion issues which according to him, may point the price of Bitcoin to $100 rather than $100,000 in a decade from now.

Rogoff also noted that the regulation is a big factor in his prediction – however – he clarified that only a global regulation could be effective in this case.

Scenario #3: Bitcoin’s price will follow a downward trend after the CME futures launch in December 2017

A lot of analysts believe that the sinking of Bitcoin is due to the CME futures launch that happened in December 2017. A popular cryptocurrency blogger wrote an article in which he predicted the Bitcoin’s price downward trend based on the assumption that gold and silver prices have been suppressed for the last seven years – similar to a lot of other commodities.

While bulls are certain that Bitcoin is rising in the long term, Harvard and Wall Street analysts are skeptical. In the end, the uncertainty is what makes everything more interesting – and unpredictable for Bitcoin, the largest cryptocurrency nowadays.

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‘What If I Invested $100 In Bitcoin In 2013?’

Admit it, you have asked yourself ‘what if I invested $100 in Bitcoin in 2013?’

Whether you got your answer or not, the truth is that taking a chance on Bitcoin early on would give you the best gains. And while 2013 is 5 years ago, it was still a time when Bitcoin was popular and when many people knew about it.

Plus, it goes without saying that putting a $100 bill aside in a digital currency won’t make (most of the people) poorer or richer. So, what would have happened if you have done that in 2013?

According to CoinMarketCap (the official cryptocurrency market cap website), the value of Bitcoins was volatile in 2013. That said, the price per Bitcoin (BTC) wasn’t the same all year round. For example, in May 2013, one Bitcoin had a price of $113, while in November it had a price of $230 and in December – a price of around $700.

(Answering ‘what if I invested $100 in Bitcoin in 2013?’)

  • So, if you invested $100 in Bitcoin in May 2013, you would have nearly $8,000 right now.
  • Similarly, if you invested $100 in Bitcoin in November, you would have around $4,000 right now.
  • Lastly, if you invested $100 in Bitcoin in late December, you would have close to $2,000 right now.

As you can see, investing in Bitcoin (BTC) early is important – and was the case for many years. However, it is worth noting that Bitcoin got up to $20,000 in December 2017 – to later on sink to $6,000 in February 2018.

Therefore, the general rule for buying Bitcoin is…

Only buy Bitcoin if you are ready to lose that money and can live with that fact. This is what the ‘investor mindset’ is all about and how you can afford to lose – or win big gains.

So, instead of asking yourself ‘what if I invested in Bitcoin in 2013?’, think about the following…

Are you ready to invest in Bitcoin now?

Let us know in the comments!

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Bitcoin Bingo 2018: The Best Places To Play & Reviews

Nowadays, bingo is one of the most underrated online casino games. At the same time, it is one of the most fun games to play. Bitcoin bingo has everything – meeting the growth of cryptocurrencies and blending it in with great gameplay, big jackpots, and great social aspect.

In times when online bingo is valued at more than $1 billion, it is time for Bitcoin to enter the game. So, what are the best places where you can play Bitcoin bingo?

We are reviewing them below.

Ignition Casino

First on our list is Ignition Casino, one of the biggest casino brands around here. The website accepts bitcoins and has made itself very popular in the industry – sitting among the most professional Bitcoin gambling sites at the moment. There are many popular bingo games including European bingo (90 balls) American bingo (35, 45 or 55 balls) and the speedy 30-ball bingo game.

FortuneJack

Next on the list is FortuneJack – a website which likes to call itself the largest bitcoin betting site. There are a lot of bonuses which can be worth as much as 1,777 in mBTC – but also 100% deposit bonuses worth up to 500 mBTC.

Bitbingo

Bitbingo is a great Bitcoin bingo website because of its focus on bingo games played exclusively with Bitcoin. There are lots of games in different types – and on occasion, the prices can rise as high as 3 mBTC per card. New players can get 200% on their first deposit and pocket 25% of their losses back.

mBit Casino

Last but not the least is mBit Casino – a Bitcoin bingo website which is among the leading Bitcoin casinos online. With over 900 bitcoin games, keno and lottery, there are Bingo Bonanza, Electro Bingo, Mayan Bingo, Pharaoh Bingo, Samba Bingo and lots of other games. There is a 110% deposit bonus up to a total of 1BTC at this website.

And the best part?

All of these sites make playing bingo with Bitcoins very easy – in the same way like you would use bitcoins at any other gambling site and casino.

Now, it’s time to play Bitcoin bingo – don’t you think?

 

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Bitcoin Climbs Back To $8,250 While Ethereum And ERC20 Outperform

The past few days were great for alternative cryptocurrencies (altcoins) and Ethereum, which have all outperformed Bitcoin. The valuation of the crypto market is right now at $348 billion and is moving closer to the $400 billion region.

While many would think that the extreme volatility and uncertainty will cause the altcoins to sink, the investors seem to turn out to the cryptocurrencies with the deepest liquidity and stability. The two major corrections in January and February (that sent the crypto market from $816 billion to $240 billion) are now history – and investors heavily lean towards Bitcoin as the safe haven asset.

Altcoins are in the spotlight over the past few weeks, recording strong gains against Bitcoin and moving differently from the leading cryptocurrency. This week, the ERC20 tokens such as Tron (TRX) and ICON (ICX) all performed well against Bitcoin and Ethereum. The increasing value of these tokens and the rising demand from investors in the global market for minor cryptocurrencies like these – show that investors started seeing their value and have become more confident in the market.

Bitcoin, on the other hand, is once again back to $8,250. Over the past 24 hours, the price has recorded a 3% increase and seems to be surging more than it is sinking (when viewed through a 3-week period).

Saxo Bank is one of the best examples for the investor behavior nowadays. The Danish investment bank that focuses on online trading has stated that it expects the inflow of institutional capital into the crypto market to lead to more surges in the price of the vast majority of cryptocurrencies. Their 2018 2nd quarter report reads:

“If there is a significant pullback in the equity markets, there will be an inflow of money into uncorrelated assets, or assets that lie outside the reach of the traditional financial system in which cryptocurrencies are a potential alternative. The inflow of institutional capital to the cryptocurrency market due to the increase in regulation and investor protection could lead cryptocurrencies to a positive quarter,”

As noted by Saxo Bank, the increase in demand for Bitcoin from institutional investors and retail traders is something that needs to be noted – and something that may set Bitcoin apart from the competition in the future.

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