The past year is an important year for bitcoin. Although someone does not know exactly what the digital currency is, he must have heard the magic word, bitcoin, at least once or twice. It exists everywhere: in newspapers, on the radio, on the Internet. This is not unusual: in the eleven months of 2017, this digital currency has grown 20-fold (from USD 900 per 1 coin to USD 20,000). The increase in demand pushes its price higher and higher as more and more people gather in the crypto-exchange to gain unexpected profit. But, suddenly, in just one week from December 12 to December 17, bitcoin lost more than 45% in value. The enormous collapse proves that strategies based on "buy only" approach do not always benefit traders and investors: it can also bring disaster So, what will happen to Bitcoin in 2018? Does the merchant fit in or sell it? Or just waive the virtual coin as something too unstable?
"It should be noted," said John Gordon, a leading analyst in NordFX's brokerage firm, "that when the bitcoin fell, many other cryptic currencies continued to grow, indicating that cryptic investors were reluctant to leave the blockchain market and to choose depending on the situation, changing from bitcoin to any other coin, and vice versa. There is no one willing to leave the opportunity to receive hundreds and thousands of profits. Therefore, one should not anticipate a flow of funds out of the crypto market to the forex market or stock market. The remaining question is one of the coins to be should be considered for investment in 2018. Will bitcoin continue to maintain its main position, or will it be replaced by another crypto currency, for example, Ethereum? "
"Due to the slow growth of commissions and transactions, bitcoin is no longer needed as a payment method, according to Jez San, developer and CEO of FunFair Technologies. He argues bitcoin is an unmitigated investment opportunity, even though it gave a stunning decision in the year San believes it's outdated and looks like a DOS operating system, while Ethereum is like Windows or Mac OS: this is why developers create thousands of apps in it, suggesting Ethereum has a bright future. "
Peter Tchir's macro expert is also skeptical of bitcoin: in an interview with Forbes, he said the current bitcoin movement is such an overdue asset that has been over-sold, suggesting that consumer interest in it is diminishing.
However, the possibility of this decline is temporary, and demand will continue. So, according to Harris's survey, only two percent of Americans have bitcoin, but 19 percent say they plan to buy it in the next few years. This marks a tenfold increase in the market.
"It is possible for a cryptic currency bubble to reach USD 10 trillion, and this is 20 times more than today," said Mike Novogratz, a millionaire who has invested one-third of its wealth in the cryptic currency, in an interview with Fortune.
"We have analyzed the expert opinions on the future of bitcoin," said John Gordon from NordFX, "and if we try to identify the similarities between them, the conclusions are: experts do not deny bitcoin fall, expect 4,500-10,000 dollars per coin is minimum However, this fall, if so, will only be temporary. Predictions in general are optimistic: in 2018 this currency may grow to 50,000-100,000 dollars.
These figures look interesting, but if you consider that this cryptic currency starts at $ 15,000 there is no reason to talk about any twenty-fold increase in its value, as in the past year. Raise will be simpler: 3-5, or 6 times. But nevertheless, these are several times the rate of investment gains in stocks or traditional currencies. "
Spencer Bogart, an expert commenting on the Daily Express, stated USD 50,000 as a target. He, along with Julian Hosp, the founder of TenX's cryptographic company announced a figure of 60,000 USD in CNBC, agreed with John Gordon's assessment. John McAfee, a renowned anti-virus provider also believes prices may rise above USD 100,000 per bitcoin.
"The much simpler forecast comes from WalletInvestor," said John Gordon, "according to their experts, Bitcoin will rise to around $ 28,000 (85% increase) in 2018, Ethereum will reach USD 1,940 (60% increase), and Litecoin USD 405 (up 60%), though with such forecasts, crypto traders and investors can have their profits more often with the help of leverage, which our company is willing to offer. NordFX is able to credit its customers transactions up to 1000 times their own capital, So, to buy 1 bitcoin at current prices, investors only need to have a couple of dozen dollars in their account. The offer is very unique in the market. The account opening also takes just a minute or two, after which the customer can Transact for both buying and selling cryptic currency. Selling cryptic currency is very important also because it is decent you take advantage if the cryptographic currency collapses. Last December proved this scenario was not an impossible one, though with many optimistic predictions.
