What Will Happen to Bitcoin Rate in 2018?

Are we going to reveal a secret of Bitcoin’s rate in 2018? Of course we aren’t. Nobody knows that, and many different predictions even those that are based on market researches can not guarantee that things will happen one way or another. This is because of an extreme volatility of world’s first cryptocurrency.  

In July, 2010, when crypto-exchange Mt. Gox was opened, one BTC cost 7 cents. Early in 2013 it managed to reach $100, and in autumn increased up to $1000. Then it fell down and went back to this mark only in three years. 2017 became the year of Bitcoin, when the cryptocurrency increased significantly, reaching $20,000 in the last quarter. Today you will have to pay around $9.5 thousand for one BTC. So, as you can see, it’s not a big deal for Bitcoin to increase in 15 or 30 times, decrease in 5 or 10 times, go up and go down again. This is not what happens with US dollar or Euro, isn’t it? Bitcoin is not based on physical value and its price can be significantly affected by speculations and informational fuss. However, the general tendency of Bitcoin growth is clearly observed and its market capitalization has reached $159 billion.

Though it is not possible to predict how Bitcoin’s rate is going to change in 2018, one can determine different factors that may affect it. People use Bitcoin as a mean of payment more and more, and the number of network users increases. According to Metcalfe’s law, the value of a network is proportional to the square of the number of connected users. The increase of BTC transaction volume also has a positive impact.

On the other hand, alternative cryptocurrencies, first of all Ethereum, are getting more and more popular. Unlike Bitcoin, Ethereum is not just a peer-to-peer payment system, but a distributed software. Promising digital currencies with more available prices can attract more users and potentially affect the decrease of BTC rate.  Moreover, if some crucial jurisdictions for cryptocurrency market, such as the US, China, South Korea, Russia and Japan will continue to implement crypto-restriction policy, Bitcoin’s rate can decrease or even collapse, for example, in case major exchanges are closed or cryptocurrency operations are banned.

Blockchain Capital partner Spencer Bogart expects Bitcoin to do two times better than in December, 2017, costing $50,000 in 2018, reports Sunday Express. He believes that large institutional investors (banks, financial companies, investment funds, etc.) will join the cryptocurrency market and bring more money.

Irman Wasim, financial analyst at AMSYS Group, also has quite positive predictions. Talking to News BTC, he claimed that more money would come to Bitcoin in 2018 and it will become even more “mainstream”. According to him, BTC rate is likely to increase to $30-35 thousand in 2018, and than even to $100 thousand. Bobby Lee, CEO of China’s first Bitcoin exchange BTCC, thinks that the cryptocurrency rate will reach $1 million for a coin in the following years.

Is it possible? It’s difficult to say. One thing is clear – despite all ups and downs, Bitcoin demonstrates sustained tendency to increase. However, is the unbacked currency able to increase endlessly without become a bubble? Probably not. Anyway, let’s see how Bitcoin will surprise us this year.

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Cryptocurrency Prices Today, February 21: Is Cryptocurrency Declining Again?

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency Rate

According to the Coin360 online platform, Bitcoin (BTC) has lost 0.72% over the past 24 hours. The price at the time of writing is $3934 per coin.

Cryptocurrencies show a slight downward trend:

Bitcoin Cash lost 2.15% over the past 24 hours and now costs $140 per coin;

Ripple decreased by 2.21% and costs $0.32;

EOS added 1.77% and its price is $3.78;

Litecoin fell by 0.21% and its price is $48;

Cardano lost 4.29% and its value is $0.044;

Stellar decreased by 1.71% and costs $0.088;

IOTA added 2.48% and its cost is $0.31;

Dash minus 0.8% and its price is $85;

Monero has become cheaper by 1.8% and costs $50.

Over the past 24 hours, Ethereum remained stable, decreasing slightly from time to time. The course of the coin is $144.

The total market capitalization increased to $133 billion. Bitcoin accounts for 52% of the total. In monetary terms, this is $69 billion.

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Elon Musk: Bitcoin Is Good, But Not For Tesla

Elon Musk has recently made a statement showing his attitude towards cryptocurrency and financial world as a whole. He supports Bitcoin, yet, it will not bring good for Tesla.

Elon Musk is a well-known technology entrepreneur and engineer with a fortune of $22.8 billion, he projects, like SpaceX, Tesla, PayPal, cover different areas of live, meanwhile they are competing to other companies at a high level. Musk is also a socially active person, he likes to post tweets sharing his thoughts about what is happening in the world. Though, sometimes it may bring consequences, like it was in July last year, when the SEC sent a request to Tesla regarding tweets of Elon Musk.

Furthermore, he freely expresses his attitude towards cryptocurrency. Once he even claimed how many Bitcoins he actually possessed. The Twitter community blowed up every time when Musk speaks about cryptocurrency. For instance, in October 2018, Elon posted a tweet about his love for anime and offered a subscriber to buy Bitcoins.

Twitter even blocked his account for a certain period of time to make sure he was the author. So, this time the world has gone mad, when Musk expressed his feelings about financial system and Bitcoin, in particular,  in the podcast “On the Road to Full Autonomy With Elon Musk.”

“Paper money is going away. Crypto is a far better way to transfer value than pieces of paper, that’s for sure,” he said. “Bitcoin’s structure is brilliant but I don’t think it would be a good use of Tesla’s resources to get involved in crypto.”

Furthermore, Musk added that Bitcoin has its pros and cons, yet, what he is really concerned about is crypto mining, to create one Bitcoin, people use high-powered computers to solve a complex math problem.

“We’re really just trying to accelerate the advance of sustainable energy, and I think one of the down sides of crypto is that computationally it’s quite energy intensive. There had to be some kind of constraints on the creation of crypto. But it’s very energy intensive to create slightly incremental Bitcoin, at this point.”

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Cryptocurrency Prices Today, February 20: Bitcoin Is Growing Steadily

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency Rate

According to the Coin360 online platform, Bitcoin (BTC) added 1.1% over the past 24 hours. The price at the time of writing is $3958 per coin.

Cryptocurrencies are in a stable green zone:

Bitcoin Cash added 0.46% over the past 24 hours and costs $145 per coin;

Ripple increased by 0.53% and its cost is $0.33;

EOS raised by 12% and its price is $3.95;

Litecoin grew by 6.5% and its price is $50;

Cardano plus 1.8% and its cost is $0.046;

Stellar increased by 4.7% and costs $0.091;

IOTA added 1.7% and its value is $0.30;

Dash grew by 0.3% and its price is $87;

Monero became more expensive by 1.1% and costs $52.

Over the past 24 hours, Ethereum has lost 0.17%. The coin rate is $146 per coin.

The total market capitalization is $135 billion. Bitcoin’s share is 51.7% of the total. In monetary terms, this is $69 billion.

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Cryptocurrency Prices Today, February 19: EOS Has Increased By More Than 20%, BTC Approaches At $4000

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency Rate

According to the Coingecko online platform, Bitcoin (BTC) added 4.1% over the past 24 hours. The price at the time of writing is $3896 per coin.

Cryptocurrencies are growing rapidly:

Bitcoin Cash added 11% over the past 24 hours and costs $145 per coin;

Ripple increased by 8% and costs $0.33;

EOS raised by 21% and its price is $3.57;

Litecoin grew by 6% and its value is $47;

Cardano plus  7% and costs $0.046;

Stellar fell by  9% and its price is $0.087;

IOTA added 7% and its cost is $0.30;

Dash raised by  8% and its price is $87;

Monero became more expensive by 5% and costs $51.

Over the past 24 hours, Ethereum has added 5.6%. The coin rate is $146 per coin.

The total market capitalization is $132 billion. Bitcoin’s share is 51.8% of the total. In monetary terms, it is $68 billion.

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Cryptocurrency Rate Today, February 18: Bitcoin Overcame $3700, and Ethereum Is At $140

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency Rate

According to the Coingecko online platform, Bitcoin (BTC) added 2.8% in the past 24 hours. The price at the time of writing is $3747 per coin.

Cryptocurrencies moved to the green zone:

Bitcoin Cash added 6.49% over the past 24 hours and costs $130 per coin;

Ripple increased by 3.99% and costs $0.31;

EOS raised by 5.99% and its price is $3.01;

Litecoin became more expensive by 1.38% and its value is $44;

Cardano added 3.66% and its cost is $0.042;

Stellar lost 1.68% and costs $0.079;

IOTA added 1.84% and its value is $0.28;

Dash raised by 2.79% and its price is $81;

Monero became more expensive at 5.33% and costs $49.

Over the past 24 hours, Ethereum has added a record-high 12%. The coin rate is $140 per coin.

The total market capitalization is $126 billion. Bitcoin accounts for 52.1% of the total. In monetary terms, it is $65 billion.

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Cryptocurrency Prices Today, February 15: Cryptocurrencies “Stand Still”

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the online platform Coingecko, Bitcoin (BTC) remained stable over the past 24 hours. The price at the time of writing is $3604 per coin.

For the most part, cryptocurrencies did not change in price throughout the day:

Bitcoin Cash lost 0.99% over the past 24 hours and costs $121 per coin;

Ripple dropped by 0.03 and costs $0.30;

EOS added 2.3%, and its price is $2.85;

Litecoin grew by 0.18%, and its value is $42;

Cardano gained 0.27%, and its cost is $0.040;

Stellar added 2.66% and costs $0.078;

IOTA grew by 0.87%, and its cost is $0.27;

Dash lost 0.6, and its price is $79;

Monero fell by 0.06% and costs $47.

Over the past 24 hours, Ethereum remained stable. The exchange rate of the coin is $122.

The total market capitalization is $120 billion. Bitcoin accounts for 52.7% of the total volume. In monetary terms, it is $63 billion.

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