Take Bitcoin Price Predictions with a Grain of Salt
Bitcoin price predictions are fun exercises, but you should take them with a grain of salt. Bitcoin price predictions are a staple topic of discussion in the cryptocurrency community. However, it is important to remember that although speculating about the Bitcoin price is fun, it is far from an exact science. Bitcoin Price Predictions. Bitcoin price predictions are immensely popular. A quick Google search for the term yields 377,000 results, an astounding number for a technology that gained mainstream recognition less than a year ago. Their soaring popularity stems from the fact that....
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Bitcoin has undergone a healthy rise over the last few weeks. Spiking to about $745, many questioned whether the digital currency was on the verge of hitting the $800 mark, which seemed relatively likely at the time considering bitcoin’s ongoing ascension. Sadly, things didn’t quite turn out that way. Following rumors of newfound bitcoin regulation in China, the price ultimately fell to around $705 at press time, causing many investors and crypto-enthusiasts to panic. The price is now beginning what appears to be another gradual jump to the top, currently sitting at the $709 mark, but a....
The virtual currency Bitcoin is currently celebrating a suspicious comeback. On Wednesday, November 4, it surged 25% and has reached the $500 mark for the first time since summer 2014. Just two months ago, the currency has been valued at about $200. During the last three days, the currency has appreciated by 40%. In October, it has gone up almost 70%. Such a fast price increase is most likely not sustainable and indicates a bubble. Investors should watch out. China’s capital restrictions cause capital flight; European regulators made Bitcoin trade more attractive by imposing....