Jerry Brito persistently believes that the technology behind Bitcoin would dramatically change the economy. As a founding executive of Coin Center, a nonprofit organization, he has spent years for the advocacy that Bitcoin can help reshape the world. Just like Brito, more and more people believe in the capability of Bitcoin in reshaping the original flow of currency and payment transactions. Before this year ends, Bitcoin investors are talking in the corners of every Bitcoin forum about what is waiting for this cryptocurrency in the upcoming year.
Going back to the start of the year, Bitcoin only started at the price of $950. At the moment, its price has breached into more than $10000 after almost a year. Some people in every Bitcoin forum gladly celebrate in this increase of rate, while others think it’s something scary. In this article, you’ll get to know the most common questions in every Bitcoin forum as well as the common predictions for this cryptocurrency in the coming year. Even experts have their own views in the future of Bitcoin. Will it persistently rose or drastically drops in 2018? No one can tell, but for safe investment, it is best to check the basic ideas what lies ahead.
Bitcoin Forum Questions That Need Answers
There are five questions that earn popularity in every Bitcoin forum. Ever since Bitcoin has been used in payment transactions, up until today where even gambling sites adopt the use of cryptocurrency, it has been considered a survivor. Bigbook.ag is one of the casino/sports betting sites which adopt Bitcoin in wagering. This means, that if there’s any problem to be faced by this cryptocurrency in the coming year, gambling sites like Bigbook.ag will also suffer.
1. Will Bitcoin survive a possible crash in 2018?
In the previous years, Bitcoin price drops from 20% or more. There are even hackers who performed massive hack in 2014 and shut down Mt. Gox. Bitcoin crash still remains unpredictable even after years of study. Experts weren’t able to find any evidence on where the probability of crash was dependent. Most bitcoin forum is talking about these crashes in the later years and how would it make an impact this year. However, after those recorded BTC crashes, the cryptocurrency is still able to make it up to this year. Any time soon, Bitcoin may crash and the same question remains, but no one can tell whether this time will be different or not.
2. Will Wall Street join this year?
One of the big issues in some bitcoin forum is that Bitcoin has no regulatory road map compared to fiat currencies. This negative side of BTC has kept asset managers and big financial institutions from investing. However, there is hope to remove this hurdle, the Wall Street. Being the original home of New York Stock Exchange, Wall Street will likely to be the hope of BTC to get more investments.
Several brokers including the top 10 largest providers have recently confirmed that they will not clear the Bitcoin products immediately. Specifically, one broker mentioned that it be open-minded about cryptocurrencies “if only” they were properly controlled and regulated. Several people in popular bitcoin forum suggests that if Wall Street would lies on the side of BTC, such a significant impact on cryptocurrencies will be recorded in history because it is the trading hub of the world’s largest nations’ financial markets.
3. Will China do the same move?
Chinese regulators have cracked Bitcoin’s flow which resulted to its drop. Last September 4th, people participating in every bitcoin forum gets mad when the BTC world faced one of its great conspiracies when China’s central bank swept ban on ICO’s. This action led to the shuttering of local Bitcoin exchanges. The Chinese authorities labelled the use of BTC and other coin offerings as an “illegal” practice for fundraising. Furthermore, the authorities stated that the ICO funding has seriously disrupted the economic and financial order of the country. This year, the leverage as well as concerns about speculation could lead China to do it again.
4. Will Bitcoin possible become a true global currency?
Many people in every Bitcoin forum are talking on the possibility that Bitcoin will become a true global currency in the coming year. These BTC fans believe that this cryptocurrency will pave the way as MasterCard and Visa are used. However, it is still a big question which might happen at the end of BTC’s extreme price surge or up until its value has been stabilized.
5. Will another Cryptocurrency take the lead?
Due to the stiff competition between cryptocurrencies, there is a prediction that Ethereum coins will take the lead in the coming year. Every Bitcoin forum commentators are talking about this possible shift. Indeed, Bitcoin is the most valuable and oldest form of cryptocurrency, but the strong competition can lure its investors away.
Bitcoin to Dollar Price Predictions for 2018
Most people in every bitcoin forum talks about the status of bitcoin in each month of this year of the dog. Bitcoin price prediction for the first quarter of the year is expected to increase from 19.4% in January up to 48.0% in March. Most of the active people in every bitcoin forum gladly expect the positive outcome in the rise of bitcoin’s value for the first quarter of the year. The beginning price for January will start at 13642 dollars. It is expected to reach a maximum price of $17427 and a minimum price of $12861. The average for the first month will meet at $15054 and will end at $16287. Below is a complete table for expected bitcoin prices for the year 2018.
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What Experts Believe on the Future of Bitcoin
The year 2017 has been a successful year for Bitcoin. More and more people in every bitcoin forum are telling their success stories how this cryptocurrency made their year prosperous. Is Bitcoin here to stay or is it like a bubble that will soon “poof” in the air.
There is a prediction that before the end of this year, Bitcoin price will grow in triple rate. Bitcoin expert Marvin Dumont predicted that “Bitcoin can reach $60,000 by the end of 2018.” Upon hearing this prediction, most bitcoin forum heats up with ravaging questions on how to invest in the cryptocurrency. A few months ago, one bitcoin expert estimated up to $6,000 before 2017 ends, while another one have said that it would reach up to $10,000 by April this year.
Is 2018 The Year of Bitcoin Gambling?
Even though critics referred Bitcoin as a bubble that could burst at anyhow, many investors still get convinced to invest. It is undeniably that bitcoin forum talks about bitcoin gambling including the best and credible site to handle bitcoin games and casinos. Bigbook.ag is a trusted, safe and licensed Bitcoin gambling site that offers unwavering commitment to clients providing them best online gaming experience. Bigbook.ag takes pride in their unique products including the use of latest technological advances to produce user-friendly gaming interface. The site has been serving more than 140 countries worldwide.