Bitcoin: forecast for 2018
The Bitcoin’s price began to decline the previous night. As follows from the current data it lost in price 6.75% to $14,796.
The decrease was noted on the most popular exchanges. On Bitfinex the price of the crypto currency is now $14,376, on the GDAX - $14,510. The “bullish” trend continued for the whole day on December 28.
Forecast of the Bitcoin’s price from experts
Co-founder of the research company DataTrek Research Nick Colas said that the Bitcoin’s rate could rise to $22,000 or fall to $6,500 in the nearest days. At the same time, any attempts to forecast the situation on the cryptocurrency market are difficult to do.
Digital assets are very volatile because the cryptocurrency ecosystem depends on many factors. Particularly, their economic attractiveness depends on their usage goals, but the evaluation system has not yet been developed.
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I can agree with that forecast i would even say Bitcoin could raise to 30k or drop to 3k...anytime. Here is 1 reason why; Many new investors are entering the space and adoption is rapid however they can only buy a little at a time. So, as of now all cryptos are held in very few hands. This makes huge swings possible. Another reason is this tech is in its infancy and no one knows exactly where it will go or when it will really start or end. I could keep going.
Invest wisely and never invest what you cant afford to lose. Create a plan, set goals and a time frame then stick to it. I believe the crypto space will grow exponentially but finding the projects that will last and stand the test of time well that's anyone guess at this point.
Bitcoin is not suitable for reliable investment. It can both bring quick profits, and sudden losses ...
Well you have got me convinced. I'm bailing :)
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