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8 Bitcoin predictions not as expected

8 Bitcoin predictions not as expected

They have said a lot for 2018: 8 Bitcoins prediction not to date

Crypto money and leading analysts in the traditional financial market were very hopeful for Bitcoin’s 2018 voyage, but things didn’t go as they expected.

Crypto money and leading analysts from the traditional financial world have made a lot of predictions for Bitcoin’s 2018 tour. The majority of these estimates were that the leader would break the $ 20,000 record of crypto money. As of today, we have entered the last two months of the year and so far none of these predictions have been realized. Here are some of them:

Julian Hosp: $ 60,000

Julian Hosp, co-founder of TenX, said that the leading crypto money would drop $ 5,000 in 2018 and succeeded. In 2018, the price of Bitcoin almost fell to  level. Hosp, however, seems to have been unsuccessful in the upward trend. Hosp told CNBC during a RISE technology conference in July that he believed Bitcoin could reach $ 60,000 in 2018.

Phillip Nunn: $ 60,000

The investment company The Blackmore Group and the CEO of Wealth Group, Phillip Nunn, suggested in January that Bitcoin will fall to $ 6,000 in 2018 and then increase to $ 60,000. Nunn succeeded in her first guess but seems to be unable to achieve the same success in her second guess.

Kay-Van Petersen: $ 50,000

Kay-Van Petersen, an analyst at Saxo Bank, one of Denmark’s largest banks, said in January that Bitcoin will be between $ 50,000 – $ 100,000 in 2018. In December 2016, Petersen correctly predicted that the number one crypto money would reach $ 20,000 in 2017, but his next forecast was hard to succeed.

Arthur Hayes: $ 50,000

Arthur Hayes, founder and CEO of BitMEX, one of the largest Bitcoin exchanges in the world, predicted that by the end of 2018, Bitcoin would reach $ 50,000 by the end of the year. In June, Hayes said this prediction was still behind. However, in a few days ago, Hayes claimed that the crypto-bear market could last 18 more months.

Jeet Singh: $ 50,000

Portfolio manager Jeet Singh spoke to Russia Today at the World Economic Forum in Davos, Switzerland, and suggested that Bitcoin could definitely see $ 50,000 in 2018.

Jesse Powell: $ 1,000,000,000

Jesse Powell, CEO of Kraken, said in a statement he made to CNBC in February that the crypto money market would reach $ 1 trillion in 2018, although it did not directly estimate a Bitcoin-related price. The market currently stands at a level of $ 200 billion. A 500% increase is needed for Powell to realize this prediction.

Mike Arrington: $ 25,000

Mike Arrington, the founder of XRP Capital and TechCrunch, told CNBC in July that Bitcoin will reach $ 25,000 in 2018.

Thomas Lee: $ 22,000

Wall Street’s largest Bitcoin bull, Thomas Lee, Bitcoin for the 2018 estimate of $ 20,000 frequently repeated. The analyst withdrew this forecast to $ 22,000 in July, but Bitcoin is still far behind.

An American man guilty of uncontrolled Bitcoin selling

An American man guilty of uncontrolled Bitcoin selling

An American man guilty of uncontrolled money sending, confessed before the federal judges.

The US Department of Justice issued a press release yesterday, explaining in detail how Jacob Burrell Campos sold over $ 1,000 millions of dollars in Bitcoin to over 1,000 customers in the US.

Burrell Campos ran its operations from January 2015 to April 2016 through Localbitcoins.com.

According to the press release, the American crypto block was using Localbitcoins.com to attract customers. In the second stage, he was using a regulated US-based exchange where his account was suspended due to trading on behalf of his customers.

Also, between March 2015 and April 2017, Bitcoin bought $ 3.2 million from a different stock market based in Hong Kong.

Burrell Campos was committing a 5% commission on all transactions.

As a result, their activities violated US Treasury Department regulations.

The US also confessed to the court that it has not implemented anti-money laundering (AML) and customer identification (KYC) policies. He was subsequently fined over $ 800,000 in fines and five years’ imprisonment.

A user paid 1.73 BTC transaction fee

A user paid 1.73 BTC transaction fee

 

According to the CoinMarketCap, Bitcoin, the leading crypto currency in terms of market volume, was highly criticized, especially in 2017, with high transaction fees to users. In December 2017, when Bitcoin and other crypto currencies were on the rise and everyone wanted to sell or buy BTC, the intensity in the network caused serious delays and users who wanted to do their job quickly overlooked the high transaction fees.

However, especially after the second half of 2018 and after such technologies as the Lightning Network, the transaction fees in the Bitcoin network have decreased significantly. Even recently, a user made $ 194 million Bitcoin with a processing fee of only $ 0.10 and found himself on many news sites.

On October 28, the opposite of the above incident took place and the user at block 547,654 paid a transaction fee of 1.73 BTC to complete the transaction quickly.

Nouriel Roubini, who was recently known as an economist who knew the crisis of 2008, also referred to the transaction fees in the Bitcoin network and emphasized that they were much higher than the nominal money and the banks. Although it is not known by whom the transaction is done, it would not be wrong to assume that the person is either truly unfortunate, or BTC rich enough not to worry about it.

Dan Morehead: Buy 1 Bitcoin get  1 Bitcoin free!

Dan Morehead: Buy 1 Bitcoin get 1 Bitcoin free!

Dan Morehead, CEO of the investment company Pantera Capital, said in a panel that he agreed, “One Bitcoin is free for a Bitcoin.”

Dan Morehead, CEO of investment company Pantera Capital, discussed the latest state of Bitcoin and other developments in the crypto money market. In a debate with Cripto currency analyst Ran NeuNer, he said that October looks very different than when Bitcoin pushed and exceeded $ 19,000 barriers.

Morehead said that the Bitcoin world and other crypto currencies are decades-long concepts. Now one of the most important factors is to look to the future, he said.

Morehead, investors long-term approach to enter this area, in the short term should not expect immediate earnings, he added.

NeuNer asked Morehead whether the doubts about the crypto money market were caused by people’s loss of money.

What is strange is that Morehead was sure that these market movements were not new. According to him, these movements were seen before, but the amount of change was different. He also added that the Bitcoin market is more crazy than other markets.

The CEO also said:

Alıp As in other crypto-money markets, people in the Bitcoin market need to take the low-to-high concept of selling. We calculated the percentage of inputs and spikes. We stated that investors need to calmly observe the market and should avoid FUD (uncertainty, fear and doubt). Ilar

One Bitcoin is free for 1 Bitcoin, ”Morehead said, following a drop in prices. He also added that the investor sentiment was controlled by the FOMO (fear of opportunity) demon, which forced the people to enter the market when the prices were too high.

Finally, Morehead talked about the benefits of tokens that are used in everyday life, and they are always one of the most powerful financial instruments. He also found that Bitcoin was also useful and that the values ​​of the crypto money depend on the areas of use. He ended the discussion saying he hoped the number of people interested in the crypto money market would reach 500 million in the next few years.

29,999 Btc transfer fee 0.1$😀

A previous Bitcoin user made only $ 0.1 a transaction that cost tens of thousands of dollars in banks. The user, who is not known who is in the transaction, can send the total value of about $ 200 million to 29,999 BTC from one account to another and paid 0.1 dollars for the transaction.

An opposing expression to crypto coins, such as Bitcoin and Ethereum, is expensive to perform. However, this $ 200 million payment in the Bitcoin block chain reveals the potential of consensus currencies to significantly optimize cross-border payments.

$ 1 million bank cost exceeds $ 10,000

Transferwise is a UK-based multi-billion-dollar company that eliminates hidden fees in bank transfers. The company allows users to make small and large payments from their bank accounts at significantly lower rates than others on the traditional system.

However, even more than $ 1 million in transferwise money transfer to make the transaction fee is over $ 7,500 is spent. Considering that this fee is well above $ 1 million, the traditional system requires tens of thousands of dollars to perform this process.

Crypto coins can eliminate the offshore banking market

With the scaling of public block chain networks, crypto coins will be able to realize small payments with higher efficiency.

However, in the medium term, it is likely that the crypto coins will be widely accepted by investors and companies in the offshore banking market of $ 30 trillion.

what is Bitcoin

Wozniak support for Bitcoin

 

Apple co-founder Steve Wozniak said that Bitcoin had many different aspects to any technology product and announced it was participating in a crypto currency start-up.

Speaking at the chain-chain event Chainxchange, Wozniak said that crypto-currencies technology had the same effect as when the internet first emerged, and that he wanted to learn the technology in question, so he joined a crypto-currency startup.

After Wozniak’s statements, Bitcoin, the determinant of the crypto-currency market, increased 4.01 percent to $ 6,692 in the last 24 hours, accounting for 53.0 percent of the market with a market volume of US $ 115 billion 271 million.

Among the top 10 crypto currencies of the market with a total of 1,865 crypto currencies, Tether declined by 0.11 percent in the last 24 hours, while the 83 percent increased by 31.31 percent and the highest increase in Cortex by 77.3 percent.

As a result of the developments, the market volume increased by 3.8 percent to $ 217 billion 500 million in the last 24 hours.

The 24-hour trading volume on the market was calculated to be 12 billion 171 million dollars , while the highest volume changes in the first 10 crypto currencies;

– Bitcoin 4.01 percent

– Ethereum 1.00 percent

– Ripple 2.48 percent

– Bitcoin Cash 3.78 percent

– 4.12 percent of EOS

– Stellar 4.25 percent

– Litecoin 4.01 percent

– Cardano 1.51 percent

– Monero increases 0.94 percent

– Tether dropped 0.11 percent.

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