Bitcoin Price Prediction For 2018: Possible $20000 Valuation

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But is this a bubble? Are the gains real? And are the bitcoin whales in for a sad Christmas? First we must understand what drives bitcoin price and, in particular, this boom. Bitcoin price forecast 2017 december common understanding for current growth leads us back to institutional investors preparing for the forthcoming BTC futures exchanges. The primary theory about the astonishing rally being put forward by investors on social media is that bitcoin will soon benefit from big institutional money injections via the introduction of the first BTC futures products.

This ability makes bitcoin far more palatable to big investors who are currently flooding the market to make profits if and when the bitcoin price falls. This group of enthusiasts bought and held bitcoin and will not sell it at any current price. More and more bitcoin fans are entering into this group and they are driving up demand increases. We see a bitcoin price forecast 2017 december thread between these points: All cryptocurrency movements are based on domain specific media and conversations between traders.

Bitcoin traders, it bitcoin price forecast 2017 december be said, are now akin to the jolly colonists selling stocks under buttonwood tree. That is all coming and at that point the market will harden itself against panics and booms.

Until then we enjoy rises and dips and volatility that puts most bitcoin dilettantes off their bitcoin price forecast 2017 december. Ultimately new and old users are testing the limits of a system that, for a decade, has been untested. The futures market will be a big driver in growth and bust over the next few months as institutional investors begin using the currency. Yes, to those who are betting big on BTC. Again, I cannot tell you whether to buy or sell but bitcoin price forecast 2017 december common expectation is that bitcoin raises to a set point and then fluctuates between a high and a low until the next run up.

Many expect foul play. Now that Bitcoin futures are available it is easy to buy into futures market first and then create a massive number of buys or sells of Bitcoin to ensure the price swings in favour of your futures contract. Is this a bubble? Many are disappointed in the moves, believing the rise is happening because of market manipulation.

But we must remember that the real value of a cryptocurrency is not driven by price but instead is driven by utility. While bitcoin may always be bitcoin price forecast 2017 december proverbial hidden pot of gold for early buyers the future of all cryptocurrencies is still being written. Just as, inno one could have predicted the prevalence and value of open source projects like Linux and Apache, no one can currently predict what bitcoin and other cryptocurrencies will do for us in the future.

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Bitcoin price prediction for next months and years. Current Bitcoin price equal to Previous day's price Bitcoin price prediction for August The price for beginning of August Dollars. The predicted maximum price and minimum Averaged price for month Bitcoin at the end , change for August The price for beginning of September Dollars.

Bitcoin at the end , change for September 6. Bitcoin price prediction for October The price for beginning of October Dollars. Bitcoin at the end , change for October The price for beginning of November Dollars. Bitcoin at the end , change for November Bitcoin price prediction for December The price for beginning of December Dollars. Bitcoin at the end , change for December The price for beginning of January Dollars.

Bitcoin at the end , change for January Bitcoin price prediction for February The price for beginning of February Dollars. Bitcoin at the end , change for February 0. The price for beginning of March Dollars. Bitcoin at the end , change for March Bitcoin price prediction for April The price for beginning of April Dollars. Bitcoin at the end , change for April 6. The price for beginning of May Dollars. Bitcoin at the end , change for May Bitcoin price prediction for June The price for beginning of June Dollars.

Bitcoin at the end , change for June 6. The price for beginning of July Dollars. Bitcoin at the end , change for July Bitcoin at the end , change for September Bitcoin at the end , change for November 8. Bitcoin at the end , change for February Bitcoin at the end , change for April Bitcoin at the end , change for June 2. All forecasts are updated on daily basis.

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