As you know, Bitcoin has taken quite a hit this year. From it's peak of almost $20,000 in late December 2017, the Bitcoin performance has been as follows this year:
- January 2018 - $11,000
- February 2018 - $10,000
- March 2018 - $8,000
- April 2018 - $9,000
- May 2018 - $7,000
- June 2018 - $6,000
- Currently - $6,200
This overall downward trend since January is now what has gotten people talking. The slump in the value of cryptocurrencies in general and Bitcoin in particular has led to all sorts of analysis and predictions by "experts".
Some experts are making a case for a recovery in the price of digital currencies while others are painting a very gloomy picture.
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In one of today's big news on bitcoin, an expert says that he believes the future of the top-ranked cryptocurrency has three possible outcomes. NOAH SMITH of Bloomberg says that Bitcoin will either:
- replace fiat currencies all over the world,
- become a highly valuable commodity like gold,
- or continue to plummet in value becoming worthless in the process.
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Please read about this interesting piece at https://bitcoinist.com/bitcoin-will-end-up-in-one-of-three-ways-predicts-expert/ and form your own opinion. Happy read!!!
DISCLAIMER: This is not an investment advice. Do your own research before investing in anything.
WHEN BITCOIN GO BACK TO 9000
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Let's hope it goes back there soon. Even better, let's hope it goes back to the high standards of December 2017 soon enough.
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I don't think neither of the 3 will happen. IMO it will be used together with regular currency. Well, that's how it is already for the most part.
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You got a 8.06% upvote from @minnowvotes courtesy of @shakesthemix!
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Nice article. I found it interesting.
Talking about ICOs, after doing your own research, also finding good ICO projects can be profitable.
I want to share with you guys a new exciting project I have just discovered: RAWG.
Check out this great article from Entrepreneur, one of the most popular business-related magazines, which has spoken with RAWG founder, Gadji Makhtiev.
https://www.entrepreneur.com/article/316194
RAWG is a blockchain-based platform for gamers that was born last year in the heads of Gadji and RAWG CPO Alexey when they found out that their gaming website Kanobu attracted users for their gaming database.
The ICO will start in a short period and they are at the moment in pre-ICO phase. This is the site: https://token.rawg.io/. It's a video game discovery platform that converts your skills into goods and services (the site is already working, with more than 57,000 games in the database).
Have a look and get some information while doing your own research :)
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Thanks for your feedback. I will check out this site you are recommending and I will also give you feedback in due course.
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This post was resteemed by @steemvote and received a 99.99% Upvote. Send 0.5 SBD or STEEM to @steemvote
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report is perfect https://steemit.com/@a23b4d11f15m
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Thanks @a23b4d11f15m
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This post received a $0.063 (29.57%) upvote from @upvotewhale thanks to @shakesthemix! For more information, check out my profile!
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Thanks very much @upvotwhale
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Thanks for your support
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