Bitcoin is ready for a magical wave
Bitcoin Price and Future predictions And Mining facts
Bitcoin is a virtual currency which is produced through mining,The price of Bitcoin is depended on basics of supply and demand. How ever we know 85% of Bitcoin has been Mined already.
if you talk about profit ability we can see block mining profit is reduced already compare to past.Mining Bitcoin may b a loss for many miners.But some companies are using solor energy or other alt market coins to mine then convert into Bitcoin.
Current Mining Situation
In the stats you can see calculation of profit through mining
The Result is in Loss
According to these stats mining of Bitcoin is About to End.So halving may appear in 2020 and History told us many time,when ever bitcoin has been forked or Profitability halved.Bitcoin almost doubled to its price during these events.
On going situation is good sign for Bitcoin Future.But not a every thing we can say long lasting,we should also care about fundamental situations.Right now alt market is getting stronger and stronger and many investors coming back to market for searching of profit.Bitcoin moved up from 6500$ test level to 8300$ 1 Month high.
What Next ?
The future of Bitcoin is Bright. we can expect a bullish trend is about to begin.Btc has broken sell wall and now it may move toward 10,000 Resistance Level. and after that upwards movement of last year 2017 we can test to next ATH in upcoming december 2018 .. Investors are carving for bitcoin again to invest in Alt market and we can see Bitcoin dominance is decreasing daily.So this shows that this is the season of Alt market. But when people want to double their money they need to buy Bitcoin first to convert into Alt market and Buying and Selling of Alt Market will increase demand of Bitcoin and as i told Supply is already so much reduced.
So i can see if Bitcoin get some correction it may drop to 7600$ max down and can go up to 9300$ with in next week.
But if you ask me do you wanna buy bitcoin ?
I will say No at the moment because i am already holding massive bitcoin and Will buy bitcoin again when i confirm the real breakout So next week is important for the decision of price.If new breakout appear it can boost the price to at least 10 to 20k in 2018.
Probably won’t make its real move into June. That’s when a lot of legislation will be voted on.
I don't know about the future of Bitcoin. I believe Bitcoin was fantastic in terms of it making a scaffold for the future of currency, however, I do not believe that it is a good currency and heres why.
Bitcoin is extremely volatile, therefore it will never be a good medium for being used as an actual currency. You will never walk into a shop, and buy something using Bitcoin. Because is to volatile for people to spend it. People are seeing it as an investment, something that will increase in price and therefore make money for the investors, rather than a currency.
Don't get me wrong, I think Bitcoin is/was great, however, it was great at being an idea/scaffold, but it wasn't great at being currency.
Great post! Upvoted...
The idea behind it is great and still has a huge potential, but instead of building useful business solutions for it, there is this gamification where people prefer to gamble for a marginal profit. So, yeah, crypto will die and it will be us who killed it.
Crypto won't die, it is only just beginning! There are plenty of other crypto's which are much more stable than Bitcoin. There are even ones coming out that will be backed by gold!
Bitcoin will eventually fade away, and will be itself that killed itself. However, it has planted a seed of possibilities, and that in itself is a great accomplishment!
I hope so. Soon BTC will go for bullish trend after being in bearish line for months.
Ibtotallu agree with you that bitcoin is about to have a bullish trend. As a matter of Fact some universities receive payment in btc. Also the world cup coming up in June is also a good sign because gambling is going tp push it up as some sites will be gambling with bitcoin... Nice post all the same. I think no one should go into mining now
You got a 13.77% upvote from @postpromoter courtesy of @lays!
Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
Thanks @lays for sharing these authentic analysis and I am glad to see the future of Bitcoin and Bitcoin will make impulsive move in future.
At the current moment, the coin keeps the dynamics of movement in the local uptrend, however, such a long upward movement, as we know, can not do without corrections. Technical indicators indicate a possible continuation of growth, in which case we will open positions according to the entry points provided earlier.
The future of bitcoin is unpredictable because of its deflationary nature. Although it's determined by demand and supply in market , I believe in next few years it's going to grow to an unimaginable height
If 80% of btc has already been mined, I think the future of btc may be replaced by another coin stronger than it.
That was my thoughts.
Thanks for sharing. I love the knowledge on cryptocurerrencies
This post, with over $50.00 in bidbot payouts, has received votes from the following:
postpromoter payout in the amount of $77 USD.
buildawhale payout in the amount of $12 USD.
smartsteem payout in the amount of $11 USD.
appreciator payout in the amount of $8 USD.
rocky1 payout in the amount of $7 USD.
upme payout in the amount of $7 USD.
lays payout in the amount of $5 USD.
booster payout in the amount of $3 USD.
For a total calculated bidbot upvote value in the amount of $131 USD.
This information is being presented in the interest of transparency on our platform @lays and is by no means a judgement of your work.