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When the market realizes that Bitcoins available provide is even less than the mined coins in circulation and that it will never get to the entire supply which can be mined, scarcity will drive the price much higher.As of early 2018, this infographic from Nicholas Rapp of Fortune exemplifies the breakdown of the current Bitcoin supply and also the article is a fantastic read featuring a new study of lost Bitcoins:According to new research from Chainalysis, an electronic forensics firm that studies the bitcoin blockchain, 3.79 million bitcoins are already gone for great based on a high estimateand 2.78 million based on a reduced one.

 

 

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Thus, this factor will play a positive role for the longer term.Factor # 3 Lightening NetworkBitcoins lightening network, although advancing, is still in Beta. More and more nodes are now running Bitcoins lightening network to make Bitcoin transactions faster and the prices significantly lower. Once all of the technical challenges settled and the network entirely functional, Bitcoin cost will significantly benefit as Bitcoins intrinsic worth will increase.Bitcoin Price May Reach 50,000 USD in 2019 Based on the Price ChartBitcoin price has the potential to reach 50,000 USD in 2019 But for that to happen from a cost perspective, we need to see the following:Bitcoin cost must Cross Above 8500 USD and quicklyBitcoin should remain above the 5000 to 5500 USD support.

Note that the chart below is a log graph, these graphs are great for cryptocurrencies in general since their moves are fast and the prices are volatile so a log chart is the best to value the movement and tune off volatility and noise.   TOP CRYPTOCURRENCIES TO BUY: What top crypto tips are flashing a BUY signal now Which to prevent Top notch guidance on how best to play the grand bull market in crypto out of InvestingHaven's research team, only for $2 per week.  Crypto & Blockchain investing service >.

The last month of 2018 has started and BTC remains on its downtrend. The main reason what the crypto people are pointing out to is not getting a green light from the SEC regarding the BTC ETF. However, 2019 is exactly what the crypto enthusiasts are looking ahead. Even NASDAQ, the second largest stock exchange in the world has also pledged to launch Bitcoin futures in the first half of 2019.

 

 

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One of Bloomberg's column stated that there is a probability that FUD(Fear, Uncertainty and Doubt) might loom over crypto space in 2019, where Barry Ritholtz predicted the prediction from specialists wrong and absurd. Inspite of the too, analysts and enthusiasts maintained their hopes . Mike Novogratz said explicitly that he believes there is going to be big adaption in 2019,2020 as he thinks there will be participation from folks in the blockchain space.Now the state government of Ohio has announced that it is going to accept tax payments in BTC wherein the government has partnered with Bitpay to make this happen conveniently so the bitcoins can be converted into dollars on behalf of the taxation office.

BlockTower Capital, the main force in the crypto kingdom made a wager on Bitcoin a year ago recently made a bullish statement on Bitcoin's cost. Michael Bucella, a partner at BlockTower mentioned the recent dry spell running in crypto distance and volatility may be the current scenario that's pulling it down however, the distress cycle might come to an end very soon as the institutional players have expressed their ardent interest in purchasing cryptocurrencies. .

 

 

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Bitcoin is the most popular cryptocurrency, dominating the crypto area with its blockchain technology and its scarcity. Bitcoin was made in 2009 by the pseudonym Satoshi Nakamoto, that could be an individual or recommended you read a group of individuals. It works on a peer to peer network, in which no intermediaries are involved.

It is gaining adoption and a number of people have begun using BTCs in real time, like buying a Lamborghini or buying a mansion. It's simple as well as advanced. Once you understand the technology behind it, you will definitely embrace the beauty of this digital currency.

 

 

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Bitcoin costs are fluctuating. It's trading at $3909.89 from the all-time of $20000. The ever-fluctuating Bitcoin made many involved in the price forecast of Bitcoin.

Since the marketplace is experiencing explosive conditions, we should back up the prediction with the market experts, who have been the mind and heart of their cryptocurrency marketplace.

John McAfee, the founder of the popular McAfee software and an ardent Bitcoin follower predicted that Bitcoin will strike $1 million by 2020 following last years prediction of $7000 which was nicely surpassed.

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