Crypto currency became a byword throughout 2017 yesterday. The price of the king of the crypto currency: Bitcoin continues to skyrocket.
Beginning of August, Bitcoin set a new record: for the first time, the price of 1 Bitcoin is more expensive than 1 ounce of gold. It was equivalent to US $ 4 thousands, or about Rp55-56 million.
Looking more backward, the achievement is more bombastic. In 2012 then, the price of 1 BTC (unit Bitcoin) is about US $ 15, now? The price is more than US $ 15 thousand, was predicted to touch US $ 60 thousand in 2018.
Observers are divided, some consider this to be good: as an advance, others consider the trend to be short-lived. Commonly referred to as Bitcoin Bubble-a commodity price state soared to form a bubble, which is feared to break at any time.
"Call it 'bubble' if you like, but can you really get away from crypto currency?" Said market analysis expert Naeem Aslam, opening his writing in Forbes about the prediction of the fate of crypto currency in 2018.
Aslam who claims to have crypto currency such as Ether, Ripple, Bitcoin estimates that during 2018, investment in crypto currency will remain a trend and will not harm at all. He himself did not deny that the worries about the bubble make sense. "Seeing this number makes you think that no more (incident) this is a bubble, because the growth of this great is indeed unprecedented," Aslam wrote.
But for him, the most important question of the condition is: can you still make money while you still think it's a bubble? "The outspoken answer: if you are able to survive to lose some money that will not change your life, then bet," he said.
Aslam's intention, if the average income of Americans aged 20-64 years is US $ 27 thousand to 50 thousand per year, then investing US $ 100 alone will not interfere financially.
In Aslam's calculations, while looking at the development of crypto currency over the past year, investing $ 100 in Ripple in January 2018 will cost US $ 35,259 in December. Even investing in crypto currency that is not too high priced MaidSafeCoin, will still generate $ 948 at the end of the year.
"If an investor dares to plant US $ 100 on the 10 highest crypto valuations valued, the total profit of a year earned up to US $ 64,707," Aslam added.
Still from Forbes report, Kenneth Rapoza, other crypto currency observers also saw a bright future for these digital money investment investors. He sees Etherum, NEO, and Ripple are examples of other crypto currencies considered to have ever stretched.
Etherum for example, is not too popular like Bitcoin in its early presence. In the first 18 months the exchange rate of 1 ETH is only about 10 US dollars. New in March then rose slowly, and peaked with the value of US $ 395 equivalent in June 2017, although again fell to US $ 155 in July.
However, since it first came out in 2015, the Ether value - the Ethereum currency design - rose to 2,300 percent by mid-second quarter-2017. Now, in the first 24 hours of January, the total value of traded Ether coins is worth up to US $ 3 billion.
Total market capitalization of Ether reached US $ 84.12 billion. "Which means, the Russian-developed blockchain technology is now worth about $ 15 billion more than Brazil's controlled oil company, Petrobras. A company with more than 60 years of experience in the oil and gas market, "said Rapoza.
The current market capitalization of Petrobras is about US $ 71 billion with assets worth real money, unlike Ether.
Bitcoin 2018 price estimate according to experts is different, but all said that the price will continue to rise. Well in your own opinion how, about the price of Bitcoin will rise or fall in 2018?
Bitcoin prices peaked on December 18 after CME Group Inc. debuting on Bitcoin, seen by some traders will encourage short positions. Although accompanied by a decline, the rapid rise in Bitcoin is considered not to be over. Bitcoin price is even estimated to reach US $ 60,000 this year.
"I think we'll see Bitcoin (up) at $ 60,000, but we're also likely to see Bitcoin (down) touching US $ 5,000," said Julian Hosp, co-founder and president of cryptocurrency TenX, as quoted by CNBC.
Some observers and governments have warned of the dangers of investing in cryptocurrency. According to them, the movement of Bitcoin tends to fall because it does not have a factor underlying their value.
"For experts who have been in the market (cyptocurrency), this is actually a good blow," Hosp told CNBC 'Squawk Box'.
According to him, industry players have predicted a decline in the price of Bitcoin, given its dangerous increase in value over the past few months.
