Is Bitcoin on Its Way to $5000, and Should You Invest or Stay Away from Bitcoin?

Is Bitcoin on Its Way to $5000, and Should You Invest or Stay Away from Bitcoin?

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The blue chip brokerage house Fidelity has allowed its customers to create their own Bitcoin accounts, further accelerating Bitcoin’s bull run. The price of the digital currency hit the $4000-mark this week following the anointment by the mainstream media of the currency as a new asset class. Other Bitcoin projections Other industry players and experts are predicting a brighter future for Bitcoin. According to an analyst from Standpoint Research, the price of the virtual currency can reach the $5,000-mark by 2018. These rosy predictions about Bitcoin create the question on whether ordinary investors should invest part of their savings, or even their retirement accounts, into the cryptocurrency. Why invest or not to invest in Bitcoin To help the ordinary investors in deciding whether they will invest their hard-earned money into the digital currency, here are three reasons to invest or not to invest in the cryptocurrency. Three reasons to invest in Bitcoin It’s gaining mainstream credibility as industry players consider it as the new gold – Bitcoin has many of the same qualities of gold, whose value is not controlled by governments. Many investors and finance industry experts are serious about the promise of Bitcoin – A large number of mainstream investors and entrepreneurs already consider Bitcoin and other cryptocurrencies as a legitimate …

Hedge Funds Tied to Cryptocurrencies Exploding, Over 70 in Pipeline

Hedge Funds Tied to Cryptocurrencies Exploding, Over 70 in Pipeline

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SMART INVESTMENT “Hedge funds with crypto exposure “exploding,” tweets economist and investor Tuur Demeester. According to his quoting a related article, over 70 such funds are now being in the pipeline. The linked article includes a comment by Arthur Bell manager Corey McLaughlin who says: “I’ve been in the hedge fund space since 1998, and I’ve never seen anything like it in volume of launches in a particular area. It’s just crazy.” The market will likely continue to call for increasing numbers as the funds continue to outperform other market spaces. Best and the brightest Hedge funds are always in the market for the best, brightest and fastest ways to make money, regardless of the field. The market for hedge funds is constantly shifting, as investment vehicles change direction and move with the financial times. Recent increases in the prices of cryptocurrencies have led to attention being focused on the hedge funds that had crypto holdings. Such funds were relative outliers until the market for Bitcoin and others began booming earlier this year. New funds everywhere With the massive rise in values, hedge fund managers are seeing the need for new funds that link to cryptocurrencies and the public is calling for such funds. A recent revealed …

Bitcoin Bubble Debate Escalates as Traditionalists Clash with Bullish Believers

Bitcoin Bubble Debate Escalates as Traditionalists Clash with Bullish Believers

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A fresh growth spurt for Bitcoin has seen traditional investors once again surface to comment that the digital currency bubble is on the verge of bursting. But those involved are bullish and optimistic that the real growth has not even begun yet. It is not only the growth of Bitcoin, which has been unprecedented this year alone but the birth of altcoins and the ease in which money is seemingly created from nothing through ICOs. Bitcoin’s fork, and the creating of Bitcoin Cash is another ‘bubble-warning,’ apparently. A year of growth Bitcoin, and cryptocurrencies in general, have staggered many with the way in which they have grown in 2017 alone. A new high of $3,500 was achieved earlier this month when Bitcoin succeeded beyond its Aug. 1 ‘Independance day.’ This growth has also seen a host of other altcoins and their value dragged up with the original cryptocurrency. These altcoins have come from the creation of highly popular ICOs, which have seen record falls almost weekly as one outdoes another. At the start of 2017, the total value – or market cap – of all cryptocurrencies in existence was about $17.5 bln, with Bitcoin making up almost 90 percent of that, according to CoinMarketCap. It is now around …

Despite the FUD, SEC-Compliant ICOs are Just Around The Corner

Despite the FUD, SEC-Compliant ICOs are Just Around The Corner

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Summary: The cryptocurrency space had an eventful July. Not only did the Bitcoin network prepare for the Bitcoin Cash hard fork, but the SEC also released a scathing report on ICO token sales. Given the uncertainty that lies ahead for ICOs, legal experts and compliance firms are quickly gearing up to protect both investors and creators of ICOs. Cointelegraph keeps you up to date with the latest and most important regulatory news in digital currencies. Thin red line Potential ICO investors and those planning token sales were rocked earlier this month when the SEC issued a report on July 25. The SEC report offered a scathing indictment of ICOs, ruling that the vast majority of “initial coin offerings” were actually securities offerings dressed up under a thin veil. We at Cointelegraph are in touch with some of the leading legal experts in the digital currency space, but there are not yet any clear guidelines for what the SEC might require in the future. Many planned are ICOs are still going ahead, but some are considering excluding US residents. This is not an ideal solution, however, as it seriously limits the amount of capital that such offerings might raise. Ultimately, compliance costs are going …

Five Reasons Why Bitcoin-is Here-to Stay

Five Reasons Why Bitcoin-is Here-to Stay

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A major issue hindering Bitcoin is uncertainty about its future. The debate is over whether Bitcoin will be a successful long run innovation or fizzle out like so many prior innovations. It is possible to make a relatively accurate prediction about the future of Bitcoin by analyzing five factors successfully used by technology adoption experts for decades: relative advantage, compatibility with other innovations, experience through trialability, complexity and observability. These factors, derived from the classic work of innovation diffusion theorist Everett Rogers, when combined with features unique to Bitcoin, suggest that Bitcoin is here to stay.. Relative advantage Relative advantage in the field of innovation is defined as the improvements of a product as compared to its predecessors. Improvements include, but are not limited to, economic or social advantages measured in time, convenience, satisfaction or monetary benefits. Specific examples could be better service, consolidation of multiple functions into one tool, empowerment of users, improved interface, increased productivity, reduced user effort, saving money, saving space or storage and saving time. A major advantage Bitcoin has over other payment systems is that Bitcoin has a decentralized ledger. A decentralized ledger means that a single party is no longer in control of the records of previous transactions. …

Explosive Price Surge: $100 Bitcoin Bought in 2010 Now Worth $75 Mln

Explosive Price Surge: $100 Bitcoin Bought in 2010 Now Worth $75 Mln

admin 2017, Bitcoin Awareness, Bitcoin Market Capitalization, Bitcoin News, Bitcoin Predictions for 2017, Bitcoin Price, Bitcoin Price Index, Bitcoin Trading Platforms, CoinGreed, Data Analysis, Exchanges, In the News, Investments, Trending News 0 Comments

Earlier this week, CNBC, one of the few mainstream media outlets that have been offering extensive coverage on Bitcoin over the past few months, revealed that $100 worth of Bitcoin purchased in 2010 is now worth $75 mln. In a relatively short span of seven years, Bitcoin price surged from around $0.003 to a staggering $2,389. That is a 796,000x return as an investment. In fact, today, on May 24, Bitcoin price hit a new all-time high at $2,392 and is continuously demonstrating a rising demand from both casual and institutional investors. Bitcoin price hits new all-time high again for the second time this week at $2,392. Important to note, China made a strong comeback. pic.twitter.com/S8mceNDTqM — Joseph Young (@iamjosephyoung) May 24, 2017 The majority of mainstream media analysts suggest that Bitcoin price is completely speculative in the sense that investors are purchasing Bitcoin solely expecting a massive return in value. However, as Coingreed previously reported, prominent investors including GoldSilver.com founder Mike Maloney are encouraging investors to hold Bitcoin as a mandatory asset to hedge against inevitable global economic uncertainty and financial instability, not just as a large return investment. Bitcoin as digital currency and digital cash On the contrary, …