Are you following Bitcoin's course? At the beginning of December, the price of cryptography went up to 19.000 dollars, so the first investors now have thousands of portfolios, not to mention millions of dollars.
Of course, the question that concerns everyone else is: is it too late to invest in Bitcoin?
The price of a Bitcoin has reached nearly 20.000 dollars, which means that buying a single currency is almost inaccessible to most of us. But that does not mean that you can not buy a smaller amount. However, you should consider the following:
Bitcoin: Limited offer
The Bitcoins allegedly marketed are around 21 million coins. Of these 21 million currencies, about four million are already lost (deliberately destroyed, or stored on encrypted lost passwords, etc.).
Bitcoin creator Satoshi Nakamoto is said to have mined around 1 million Bitcoin before publishing the blockchain. There are also a lot of people who are known to own Bitcoin holdings and there will certainly be some governments with significant holdings.
According to investor Ronnie Moas, there are probably "around 3-5 million Bitcoin" in real circulation. This number is gradually increasing as miners "produce" more Bitcoin. But these are around 12,5 coins per block, while the vast majority are in the mining tanks or in the well-known mining pools.
Bitcoin is rare. Another factor to consider is the number of users. Between the 3 quarter of 2014 and the 3 quarter of 2017, the number of Blockchain users increased from 1,9 million to 14,7 million.
Given the huge leap observed in December, we may say that the total number of Bitcoin users will increase further.
This means that more and more users are trying to get less and less Bitcoins - and we all know what that means for the price of cryptocurrency.
More investors
The number of people investing in Bitcoin is constantly increasing. However, it is extremely difficult to have exact numbers. Some estimates link the number of users to the number of wallets. Using the webσελίδα bitinfocharts, we can see the distribution of Bitcoins per wallet address.
See the table below.
We can see that there are approximately 13,7 million wallets that hold fewer than 0,001 BTC and two that hold between 100.000 and 1.000.000. Besides these, the table shows that there are approximately 25 million active purses.
A more recent study by his University Cambridge [PDF] estimates that there are between 2,9 and 5,8 million active users using Bitcoin. The study also estimates that there are between 5,8 million and 11,5 million active wallets.
The biggest change, however, is the recent introduction oftreatment of Wall Street in the Bitcoin trading environment. The Chicago Board Options Exchange (CBOE) added Bitcoin to options trading on Sunday, December 10. The price of the cryptocurrency immediately went over 25%, causing a temporary halt in trading.
Bitcoin and Wall Street will bring a significant number of people to cryptic frequencies.
SMS Bitcoin
But it's not just Wall Street that has jumped on the Bitcoin train. There are several services that offer banking facilities with credit opportunities to those who cannot get financing. Several startups are trying to sell and trade Bitcoin via SMS. Why SMS? Of course because not everyone has access to Internet, while SMS is ubiquitous in every country.
SMS Bitcoin is targeted at the African continent as it is an untapped market. In this way, even residents of countries with repressive governments or social unrest gain opportunities in Bitcoin.
Stability
Bitcoin is incredibly unstable with upward trends. However, Wall Street's involvement will probably have a calming effect on Bitcoin's overall volatility.
Forecasts
What will be the price of Bitcoin in a year? $ 20.000? $ 50.000? More? Less; Much less; Here are five Bitcoin price predictions:
Saxo Bank: 60.000 dollars 2018, before dropping to 1.000 dollars before 2019
John McAfee: 1.000.000 dollars up to 2020
James Altucher: $ 1,000,000 by 2020
Οι δίδυμοι Winklevoss: 152.000 dollars, no date
Masterluc: from 40.000 to 110.000 dollars up to 2019
Forecasts show that Vitcoin will continue to grow for at least another year, or two. But who can be sure?
As it stands, Bitcoin is already a global one currency, with a current market cap of over $250 billion. It is expected to surpass $1 trillion before 2020.
Let's get the account:
Vitcoin generates a huge interest and has a huge market capitalization, but its worldwide adoption rates are still below the 1% of the population. The University of Cambridge study we saw earlier shows a maximum estimate of 11 million active wallets, but this only reaches 0,14 percent of the world's population.
We are in a period of global awareness for Vitcoin. The increase in media news about Vitcoin sensitizes the audience, greed and illusion. The price of Vitcoin seems to continue to rise until something happens and the fall will begin.
Can I invest?
I'm not an economist and so I can not give investment advice.
However, you can do your research. Do not believe what you are reading and do not invest money that you can not lose.
