Welcome Fellow Steemians! First I will give my analysis of Bitcoin for the last couple of weeks, but if you would like to skip to the contest just scroll to the bottom and don't forget to upvote, follow, and resteem!
I have been predicting the price of Bitcoin pretty well for the last few weeks, but now that task lies with you! Whoever has the closest guess of what Bitcoin's price will be as the US stock market closes tomorrow will receive 0.001BTC courtesy of me, ! I will be launching a crypto predictions site very soon that will include my own thoughts and predictions along with the community consensus and I would greatly appreciate a follow to stay updated on that drop!
As I predicted in my Friday 10-06-2017 prediction, my Enjin Coin Review and my recent article on the Mainstream Media turning bullish on Bitcoin, the price of Bitcoin has been on the steady and strong on the rise. The only foreseen threat of this extremely bullish run would be the Bitcoin Gold split, but after my research I have deemed that event to be essentially non-existent to the Bitcoin/crypto world.
If the Bitcoin Gold split is having any effect at all, I would say that it would be helping the recent boost of Bitcoin's price. This is possibly the case considering there are many uninformed people thinking that will be a Bitcoin Cash 2.0 where they can literally cash in on free digital cash. That would also explain why most of the alt coins suffered during Bitcoin's bull run. I think a lot of people cashed out of their ICO/alt holdings for a few days to try to get more free crypto or to try and trade on the speculation.
I don't think there is much left to speculate with Bitcoin at this point unless it is whether or not they will finally be able to scale their system to where single confirmations don't routinely take 20-30 minutes, hours, or sometimes never.
I still believe that Bitcoin will be the king of the blockchain for at least another year or so, but Ethereum is tailing close behind with it's smart contract ability, ease of development, and massive amount of companies/cryptos building their platform on the Ethereum network.
A very good portion of Bitcoin and crytpo speculators still don't understand that significance or importance of the Blockchain, and I think Bitcoin and Ethereum will continue to skyrocket in the long run over the next couple of years as more and more people understand the technology, and more and more Fortune 500 companies jump on the space ship to the moon!
The Contest Details are Here
It has been an exciting few months for crypto, and there is no telling what the future will hold. Make sure to follow me and leave a comment with your guess on the price of Bitcoin at the NYSE close(10-13-17 4PM EST). Make your guess to the nearest cent and double check someone else has not duplicated your guess before you comment. You may edit your guess all the way up until 2:30PM EST. Entries will be no longer valid and I will take an inventory of all of the entries at that time.
I would normally give you my prediction, but I am clueless on this one as I could see many scenarios playing out. Let's leave the guessing up to you! Good luck and please make sure to follow me as well.
To the moon,