People have been looking for information about their views on the future of bitcoins and whether or not they should be made a buying or selling instrument. The truth is that these are difficult to make any type of predictions about because nobody really knows where the price will end up. Nevertheless, there are a few things that you should keep in mind when trying to make a profitable price prediction.
First off, it is important to realize that there are no central authorities or regulators that control the process of the transaction or the makeup of bitcoins. They are governed by their own individual computers. What this means is that nobody can tell you for certain if the price of bitcoins will hit a certain level on December 13th, or if it will go even lower during the day of the crash. However, you can look at past evidence of when the currency has crashed and the patterns seem to indicate that the pattern will be repeated.
Nobody is quite sure exactly how many users will be added to the ledger at any given time. While some analysts project that sometime in the future there may be as many as eight trillion buyers, others believe that there could be as much as ten trillion dollars of activity on the marketplace. There are also several different types of entities that might be adding value to the marketplace including institutional investors and speculators. All of these people could potentially drive up the value of the digital currency.
When you are making your bitcoin predictions you will want to pay close attention to the activities of the major players in the market. Two of the most influential people right now are John Mcafee and charting expertcharting expert Emin Meshaf. Emin has long been an advisor to John Mcafee and has a strong prediction for the price of bitcoins in the future. If you do not pay close attention to what these two are saying then you could be missing out.
In his article “The bitcoin Phenomenon – Is it a Bubble Or Will it Burst?,” Emin predicted that there will be a period of high activity in the market that will drive the price up to all-time high levels. He claimed that the price will continue to rise until around the fourth week of December. At that point he stated that the market will likely crash after this period of high activity has passed. His all-time high prediction was nearly two times the current daily all-time high.
The same analysis can be applied to a breakdown of the bullish trend that has been occurring over the last year or so. If you look at the top twenty most active shares on the New York Stock Exchange today, you will see that a lot of traders have disappeared during this period. It is highly likely that a similar thing is happening with the bitcoin market as well. There are currently over one hundred thousand investors in this space alone. Of course, all of them could disappear at any moment but it is unlikely that the volume of activity will ever reach the one hundred thousand mark.
It is possible to make very accurate predictions about price movement in this space in mere minutes based on available information. A great example of this is the previous bubble between Apple and Microsoft. This was predicted to be a brief rally driven by some new products but in reality it took much longer than expected for the price to hit an all time high. The same thing is happening now with the crypto exchange. There are many factors including the global situation that is affecting all markets worldwide and the individual psychology of investors that are making the decisions that will determine how high or low the price will go before making their call.
Even though I am speculating about the future of the currency exchange I am not putting forth any kind of investment thesis in the buy or sell category. I am simply trying to make the case for why I believe that investors who have not been caught up in this activity should get onto the program as soon as possible. While I am not predicting a bull run here, I am stating that there is a high probability of a major reversal in the near future and that is primarily due to the institutional investors pushing the price higher than anyone has previously seen. I also believe the rise of the Litecoin to be influenced by the institutional investors as well.