Bitcoin Price Fluctuation In 2015 And A Forecast For 2016
The year 2015 has ended and investors can now calculate the result of their investment activities. What has Bitcoin brought to us last year? On the first day on the year 2015, January 01, 2015, the price of Bitcoin moved to the level of $313, which is 59.35% less than a year before that, on January 01, 2014, when the price was $770. During the first two weeks of 2015 the price of Bitcoin dropped sharply to $177. The price then rose gradually to $250 in September and had moved to another top of $300 by the end of October. The maximum price in 2015 we saw in December 2015, when the Bitcoin....
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Bank of Thailand’s officials say that using cryptocurrency as a means of payment is not illegal. However, they added that users “must be able to accept the risks,” including price fluctuation.
Using Crypto to Pay for Goods and Services Is Not Illegal in Thailand
Sakkapop Panyanukul, senior director at the Bank of Thailand (BOT)’s Monetary Policy Department, clarified the central bank’s cryptocurrency stance this week.
He explained that the Bank of Thailand is currently discussing how to regulate cryptocurrency with the Thai....
Bitcoin Price shows no clear direction and may wander sideways before making a move in the new year. Bitcoin Price Analysis. Time of analysis: 10h00 UTC. Christmas Season. Jim Frederickson had successfully forecast a price low of $305 (Bitstamp) on 18 December. His forecast included a remark that the Bitcoin price chart is unlikely to launch straight into a rally and that a subsequent break below $300 may witness another sell-off. With no definitive indications in the chart, the matter of Bitcoin price direction remains unclear in the short-term and we may have to wait for the end of the....
"Should I or should I not invest in bitcoins?" A question that bothers us all, especially when the price is going higher. The Bitcoin price has not exactly been the poster child for stability, however, and potential investors in Bitcoin have been skeptical about spending money on the sector, especially when there is frequent fluctuation in its value. It is not possible to control the price fluctuation, but one can definitely consider a few positive factors that may help them decide whether it is worth investing in bitcoins or not. When it comes to Bitcoin, there are a few hard truths which....
I have been asked both publicly and privately to speculate as to when and where the price will bottom. Speculation of that nature is risky, because it is so very easy to get the forecast wrong. Unfortunately, the nature of the internet audience is such that even if the forecast pans out, trolls will say it was a "lucky guess," or otherwise find a reason to minimize that success. On the other hand, if the forecast proves to be mistaken, the mistake will be loudly heralded as proof positive that the analyst knows nothing at all. However, there is a place in price-time which is increasingly....
Bitcoin price reacted little to the Fed’s confirmation of additional rates increases during 2016. Half the market is passively accumulating via limit orders placed just below price, the other half is actively selling at market. In their announcement yesterday, the Federal Open Market Committee retained the target range for the federal funds rate at between 0.25% and 0.5%. The average of policy makers’ new “dot-plots” projects a rate of 0.875% by the end of 2016. The implication is that the Fed will enact two 0.25% rates increases during 2016. The US dollar weakened across the board, on the....