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When the market realizes that Bitcoins readily available provide is even less than the mined coins in circulation and that it will never reach the total source that can be mined, scarcity will drive the cost much higher.As of early 2018, this infographic from Nicholas Rapp of Fortune illustrates the breakdown of the current Bitcoin source and also the article is a good read featuring a new study of missing Bitcoins:According to new study from Chainalysis, an electronic forensics firm that studies the bitcoin blockchain, 3.79 million bitcoins are gone for great based on a high estimateand 2.78 million based on a low one.

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Therefore, this factor will play a positive role for the longer term.Factor # 3 Lightening NetworkBitcoins lightening network, though advancing, is still in Beta. More and more nodes are running Bitcoins lightening network to create Bitcoin transactions quicker and the prices significantly lower. Once all of the technical challenges depended and the network entirely functional, Bitcoin price will significantly benefit as Bitcoins intrinsic worth will increase.Bitcoin Price Could Reach 50,000 USD in 2019 Based on the Price ChartBitcoin cost has the potential to achieve 50,000 USD in 2019 But for that to happen in a price standpoint, we need to see the following:Bitcoin cost has to 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 charts are Fantastic for cryptocurrencies in general since their movements are fast and the prices are volatile so a log graph is the best to value the movement and tune off volatility and noise.   TOP CRYPTOCURRENCIES TO BUY: Which top crypto tips are flashing a BUY signal now Which to prevent top notch guidance on the best way to play the grand bull market in crypto from InvestingHaven's research group, only for $2 per week.  Crypto & Blockchain investing service >.

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

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One of Bloomberg's column said that there is a probability that FUD(Fear, Uncertainty and Doubt) might loom over crypto space in 2019, in which Barry Ritholtz called the prediction by specialists wrong and absurd. Inspite of the too, analysts and enthusiasts maintained their hopes . Mike Novogratz said expressly he thinks there is going to be large adaption in 2019,2020 because he thinks there'll be more participation from people in the blockchain space.Now that 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 that the bitcoins can be converted into dollars on behalf of the tax office.

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

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Bitcoin is the most popular cryptocurrency, dominating the crypto space with its blockchain technology and its lack. Bitcoin was made in 2009 from the pseudonym Satoshi Nakamoto, that could be an individual or a group of people. It works on a peer to peer network, where no intermediaries are involved.

It is gaining adoption and some people have started using BTCs in real time, like buying a Lamborghini or even buying a mansion. It's simple in addition to advanced. Once you understand the technology behind it, you will definitely embrace the beauty of the digital currency.

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

Since the market is experiencing volatile conditions, we must back up the prediction with the market specialists, who have been the mind find this 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 past years prediction of $7000 that was well surpassed.

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