Bitcoin value chart euro 1000
Although the value of Bitcoin has receded slightly since reaching this peak, the price of the cryptocurrency has still increased stratospherically since the turn of the year. It is this sort of price increase which has polarized opinions on the future of the digital currency, and made any Bitcoin price prediction for fraught with danger.
There is are those that are very much in the positive camp with regard to the future of Bitcoin, and those who believe that it will inevitably crash and burn in the near future. One possible issue that could impact on any Bitcoin price prediction for is government legislation. And the picture in Europe could provide a clue to the future legislative direction in the US. European governments are currently pushing for regulation of Bitcoin and the general altcoin sector , following the unbelievable escalation in the price of Bitcoin.
In particular, the fact that Bitcoin is strongly linked with nefarious activity conducted by money launderers, drug traffickers and terrorists is of concern. French Finance Minister Bruno Le Maire has recently spoken on the subject, with the prominent individual indicating that the powerful G20 group will discuss the topic in the foreseeable future. The Italian government has indicated its similar willingness to open discussions on regulation, while there have been moves by the European Commission to deliver new legislation that would impact on the cryptocurrency.
This sort of scepticism from some of the most influential countries in the world is obviously bearish for Bitcoin. And this European perspective follows hot on the heels of similar activity in countries such as India and China. One of the big plus points for Bitcoin going forward is the entry of the cryptocurrency into the futures marketplace.
This will undoubtedly have a massive impact on the growth potential of the digital payment system, and could lead to a massive upside, even given the massive inflation in value that the currency has already enjoyed. And other analysts have also offered hope for Bitcoin investors. One of the biggest Bitcoin bulls, Ronnie Moas, believes that the meteoric much of the cryptocurrency will continue into a six-figure value in the coming years.
The opinion of Moas is based on the limited supply of Bitcoin, meaning that the cryptocurrency can potentially escalate massively in value in a short period of time simply due to supply and demand issues. Yet several major voices within the investment community have also poured scorn on the potential of Bitcoin, suggesting that the cryptocurrency is in a sizeable and dangerous bubble.
While the credibility of these opinions should not be discounted, it should also be noted that the cryptocurrency can it be considered a threat to some of these established individuals.
Ultimately, Bitcoin price prediction for is extremely difficult. Any entity that increases nearly fold in value in less than 12 months can reasonably be described as being in a bubble. And Bitcoin could encounter several problems in the near future, with legislative and technological issues both particularly threatening.
However, the arguments made by Moas, and the welcoming of Bitcoin into the mainstream investment fold, bode well for what has undoubtedly been one of the most dramatic investments stories of this or any other year.
Hi Would the costs be the same using capital bank? And I would like to buy 1 bitcoin! But can only invest 1st??? Hey James; do you mean Capitec bank? Note that there is no fee for incoming deposit from any local South African rand bank account.
You simply make a deposit I recommend starting small: Remember, you can just buy a small fraction. Is this practice legal in Johanessburg? Usually the receiving bank or the sending bank, or both will charge a fee between 15 and 20 USD, no matter how much you send. More info on US bank charges on NerdWallet. Once you have an investment in Bitcoins can they be exchanged in another currency other than the original one that purchased the Bitcoins originally?
Can a third party deposit Rands in my Bitcoin account and earn bitcoins? To answer your two questions: You will need to have a verified account with a platform that supports those currencies. Hey Bradly, if you have a South African bank account and South African citizen or resident you can sign up for a free account with Luno. You can then deposit your Bitcoin to Luno and sell it for rand. You can then withdraw the rand to your South African bank account. If not, what is the link and how between the different exchanges to then follow the same trend.
The price in South Africa, for instance, could move up while it moves down in another place. This does, in fact, happen sometime. It could be due to something external political event in South Africa, making people worried to hold their local currency and they want to buy Bitcoin instead, which should push the price up here, but not elsewhere.
Hi There I live in SA with a foreign passport and work permit, but my citizenship is not on the supported countries of Luno. Can i still register to buy bitcoin through Luno? Just your feel on this. The price goes up, the price goes down.
Be aware of the risks, start small and learn as much as you can. You can get an estimate on the price here: Note that the price of Bitcoin and Ether change, based on supply and demand, there is no constant estimate, it will technically always change. Here is some guidance on how buying with the Luno wallet works: Learn as much as you can, first. How does luno calculate the price of bitcoin? Is it based on a 7 day average, because bitcoin does not always reflect the current price or trend so it hard to keep up how they calculate their current price.
People who are selling Bitcoin are the supply side, people who want to buy Bitcoin are the demand side. What would you do if it was your money? Invest slowly, responsibly, consistently and over a longer time range. Your sidebar area is currently empty. Hurry up and add some widgets. This is how you get the price of apples in rand. Introducing arbitrage You may see that the price of Bitcoin on one exchange may be different than the price on another and the enterprising reader may want to gain from this price difference.
This process of buying on one market and selling on another is called arbitrage. In summary So, long story short: I hope this was useful? Hey Carl, thanks for reading! Just to clarify two points: