The first main reason BTC keep rising due to the steady growth of its user base. More people will get introduced to it and more demand of btc will be there in the market due to which prices will rise.
simple market dynamics: because the supply is fixed but demand is increasing.The world’s populations are slowly discovering a sobering fact: that they’ve been fleeced for years by their governments through the process of currency devaluation. bitcoin is increasingly bringing that fact to the public consciousness and as people come to understand this, the obvious and inevitable choice is that they abandon their currencies in favour of a vehicle that doesn’t defraud them.of course, as more money chases the fixed supply of bitcoin available, the price goes up. another way of looking at this is that the faster people adopt bitcoin, the more they accelerate the demise of their own currencies.
Second, There will be only 21 million bitcoins produced ever; and the last Bitcoin will come about in the year 2140. So Bitcoin is designed in such a way that it’s value always keeps increasing. Bitcoin value is estimated to reach 3500$ or higher by the end of this year.
There are very less chances of btc going down since it’s anonymity and the recent ransomware attack. The demand is in bitcoin. Consumer are increasingly realizing the promise and value of the Blockchain innovation in most industries. As the markets become more confident in smart contracting etc applications, cryptocurrencies become a more common and more widely used means of facilitating transactions in the new Blockchain / sharing economy.
So, how can we grab the bitcoin ?
Many people from around the world, start grabbing bitcoin as much as possible, it’s on high but the speculation is beyond normal person imagination, one square life living person can’t afford to buy one bitcoin after 1-3 year, this is not my word . Here is some Bitcoin price prediction 2017 talk from experts.
- “In terms of price this year, I think it will go up to $3,500. As it becomes more pervasive and more generally accepted, I think you’ll see rapid growth in adoption,” Adam Davies, an Altus Consulting consultant, told CNBC.
- “I do expect a 2 -3x price growth overall in 2017 for the USD/BTC pair. This may result in Bitcoin prices in other currencies being up 4 -7x, but I think it’s fair to say that USD/BTC pairing is what we should use as the benchmark,” Vinny Lingham, Co-founder & CEO of Civic.com, said in a blog post near the end of 2016 when the Bitcoin price was over $1200.
- Daniel Masters, the co-founder of Global Advisors’ bitcoin hedge fund, predicts that the Bitcoin price may go as high as $4,400 in 2017. He attributes this to more interest from China, as well as more companies accepting it as a payment option.
- “As the major currencies of the world start to tumble in 2017, the flight to quality will lead most investors back into the safety of gold. Some return-hungry ones will seek to exploit market inefficiencies and digital assets like bitcoin will draw a large enough segment of these investors, pushing bitcoin to double its current market cap,” says Coindesk’s Ajit Tripathi. “It seems safe to say a bitcoin price of $4,000 or more is likely.”
In my opinion, the safest and easiest way to earn Bitcoins are Buying and holding, trading and mining
The most easiest way to accomplish bitcoin is Buying. Simply many people buy the bitcoin from the sites and hold it for futures investment.
is through . In short, this means that you see an opportunity to buy an asset in one place for a certain price and sell it immediately at another place for a higher price. It is important that you know you can sell the asset immediately at a certain price. If this does not hold, then we are talking of speculation – or gambling if you prefer.The safest way to make
Bitcoin is the process by which new Bitcoins are generated.
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