Bitcoin Price update and prediction for next 3 months
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.
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