Bitcoin Price update and prediction for next 3 months

CryptoGuru Level X³

November 2, 2016, 5:38 pm

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The world of crypto currency is becoming more popular day by day. More vendors are accepting Bitcoin and other crypto currencies. People are seeing the value of Bitcoin and are investing at a rapid rate. The question i always get is "Bitcoin still profitable" or the other one is "where do you see Bitcoin in few years or months". Im going to explain both today and give my prediction.

The question if Bitcoin being profitable is kind of a dumb question. The market cap is closing in on 12 billion which surpasses twitter. The market cap was half of that 2 years ago. Trading is probably the most profitable way to make money, the fees are as low as %2 per trade. Bitcoin was 600 few weeks ago and now its over 720 and looks like its reaching up towards 750. Mining is struggling rite now but its still profitable. Do you see value in Bitcoin? Is this something you would invest into?

My prediction for the next three months is positive for sure. I predict that in the next 3 months Bitcoin will be just under or just over 1000 per coin and holding steady over a grand. What are the basis or my predictions? Lets take a look at a few things that are happening in the next 3 months. November 15th we have a scheduled scaling code being applied to the block chain causing the value to go up. The Yuan is still steady falling, as well as the Venezuelan Bolivar. This is causing people to buy which makes the price go up. The halving happened in July and we have yet to see a real big effect happen and i think we will see it happen in February or March.

If you like reading about Bitcoin please make sure to like the topic!

As always thank you for reading please don't forget to follow me and like the topic.

https://listingdock.com/user/jkeyz2

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Lynne

Great stuff Jkeyz2 so now is the time to invest? I am so seriously considering this as soon as I can get a little bit of finances together to do so. I am quite excited about it actually and I want to get my husband to manage it for me since he has traded before.

I have seen how the value of Bitcoin has increased by over $100 in the last few weeks and that is just incredible. It has me sitting up and taking notes so thank you, without all your posts I would not have paid any attention.

10 years ago

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CryptoGuru

If you can grab it for less than 700 i would say yes but that window is closing fast. I am going to write another topic today about the Chinese government cracking down on Bitcoin and how that has hurt the price. It sucks for some but its a great investment opportunity for the rest. I am so happy that i was able to help you realize that Bitcoin is something that needs attention. I wish you the best on your investment and i know you will do well especially if you continue to follow me. You husband will find that these markets are super predictable and its easy to make money. If you guys need step by step help im always on BTC-e.com trading and giving advice. You also have me on Skype and i can advise you guys trade by trade so you can make the exact moves i make and replicate the earnings. I currently have 2 people i am helping one from Sri Lanka and one from Canada. I would love to take you guys on because in a few months im going to ask everyone i have helped to write a review for me. Thanks Lynne!

10 years ago

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Cristian

Don't forget the US elections happening next week. If Trump wins the markets will definitely react in a big way and when the world markets react bitcoin will also get changes, probably positive ones, but who knows I'm not really an expert. It would be great to inform yourself about each presidential nominee's view on bitcoin and cryptocurrencies as a whole.

As far as I know Hillary is all about digital currencies and stuff like this, don't know much about Trump though.

10 years ago

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CryptoGuru

This is a very interesting point and im glad that you brought it up. The election here in the US has already affected the price of Bitcoin and will continue to do so. We have very little impact when it comes to Bitcoin though. China is the big fish and anything they do will greatly decide the price up or down. Good exmaple of this is the recent rumor that they are cracking down on the over seas trading of Bitcoin. The price went from 730 to 685. The Chinese government has not yet confirmed this information. When it comes to the candidates and Bitcoin i don't think either of them want a currency that is not controlled by governments to prosper. Whatever they say now is just for votes and what they do after they are elected will be how they really feel. I think the depreciation of the US dollar will cause the price to surge but the election will not do much. I could be wrong though im also not an expert just a well informed trader and miner. I think no matter what happens people all over the world are seeing the value of Bitcoin and other crypto currencies. That means that we may see a change from fiat to digital currency in the next 10-20 years Bitcoin could become the next world currency. When you have a currency that value only goes up as the world currency it spreads wealth. We will see what happens for sure i will keep you guys updated.

10 years ago

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Corzhens

Any commodity for that matter will have a fluctuating value when it is in the free market. Even the gasoline in the world market has a fluctuating price simply because the value is dictated by the law of supply and demand. But with the pseudo currency which is actually a digital commodity that is not tangible, we do not know what entity is producing it that is why we cannot trust it completely.

8 years ago

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Seoclerks

Bitcoin Price update and prediction for next 3 months

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