Bitcoin forecasts for 2016
The bitcoin industry is still early in its stages of development, which means that there is much to look forward in the future. The future of the bitcoin industry is bright for the year 2016, which is not surprising when considering the price of bitcoins has been skyrocketing quite quickly. In the past year, the price of the bitcoin went from $230 in September to over $480 by the early part of November. These numbers are impressive and it looks like this will continue to be the trend throughout 2016.
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After surging more than 75% so far this year, bitcoin prices could finish 2016 even higher, according to a panel of experts polled by CoinDesk. These market observers pointed to a range of factors when explaining their forecasts, including macroeconomic uncertainty, market dynamics and a currency war ignited by nations attempting to fix their exchange rates. Strong year for bitcoin. Starting 2016 at roughly $430, the world’s largest and most well-known digital currency has had a great year so far, breaking through $500 in May and then surpassing both $600 and $700 in June, according to the....
In fact, the projections for the price of the 2016 bitcoin reflects a fresh understanding of this digital currency and has drawn attention to the fact that the bitcoin will certainly play an important role in the world’s financial system in the coming years. The bitcoin industry is still in its infancy, which means that there is a lot to look forward to in the future. In 2016, the future of the bitcoin industry is bright, and that’s no very surprising, given the fact that the price of the bitcoin is quickly skyrocketing. In 2015, the price of the bitcoin soared from $230 to more than $480....
Bitcoin price seems poised for more declines, putting it on track towards testing a major support zone visible on the longer-term time frames. However, technical signals are looking mixed for now. At the moment, risk appetite appears to be waning once more, as the IMF recently decided to lower their global growth forecasts for 2016 and 2017. The institution highlighted the risks stemming from the slowdown in China and the slump in commodity prices, particularly to emerging economies. With that, the safe-haven US dollar is reigning supreme against most of its counterparts, particularly the....
There have already been dozens of 2016 prediction lists emanating from the broader bitcoin and blockchain community over the past several weeks, so I'll avoid contributing to the cacophony. After the abysmal results with my personal predictions for 2014–2015, I've finally learned to ask more questions and offer fewer forecasts, anyway. Instead of prognosticating, I'll offer 10 simple questions for the bitcoin and blockchain industry going into this year. The growth in bitcoin transaction volumes shows no sign of abating, and yet the 1MB block data limit is no closer to being raised than it....