View: 537
Want create site? Find Free WordPress Themes and plugins.

Saxo Bank forecasts that the bitcoin cost will take off above $60,000 in 2018 before crashing more than 98 percent to its essential production cost’ of $1,000.”

 

The Danish investment bank issued this conjecture in its yearly “Over the top Predictions” publication that implies to recognize “highly unlikely events with overlooked potential.”

 

“The ascent of Bitcoin and different cryptocurrencies has been a standout amongst the most fabulous marvels of financial markets in recent years,” two Saxo experts wrote. “Bitcoin will keep on rising – and ascend high – during the most part of 2018 but Russia and China will together architect a crash.”

 

The bank predicts that fueled by delayed bullishness over the approach of Bitcoin derivatives, the bitcoin cost will rise around 400 percent from its present level to crest above $60,000 — bringing its market cap to $1 trillion.

 

However, Saxo cautions, bitcoin’s transient climb will be squared with by the rate of its downfall. Worried about capital flight, China and Russia will release a multi-pronged strike on the decentralized digital money ecosystem to “move the concentration away from Bitcoin”. In addition to creating their own, state-supported cryptographic forms of money, the two governments will boycott mining, referring to environmental concerns while in reality, their approach is keeping a check on domestic monetary policy.

 

Bitcoin fans won’t surrender without a battle, but the bank predicts that state-run digital forms of money will prove to work better as payment frameworks, putting a conclusion to the two-year crypto fever and causing the bitcoin cost to lurch down to $1,000.

 

“The smoother working of the state-run conventions for actual payments and value dependability, and additionally the substantial hand of state intervention, drives a diminishing interest for all digital forms of money and totally sidelines the Bitcoin and crypto phenomenon from a price speculation angle even as the innovative guarantee of the blockchain jogs on,” Saxo concludes. “After its peak in 2018, Bitcoin crashes and limps into 2019 at around $1,000.

 

Keep in mind, these expectations are fairly whimsical — the bank intentionally comes up with improbable situations. However, Saxo foretold “gigantic increases for bitcoin” in last year’s release, although the bank’s “ludicrous” forecast that bitcoin would ascend as high as $2,100 has ended up being shockingly conservative.

Did you find apk for android? You can find new Free Android Games and apps.

One thought on “Bitcoin On The Verge Of Hitting $60,000 And Then A Huge Crash In 2018 – Predicts Saxo Bank

  1. The best place to trade HealthyWorm with HealthyWorm is on knockcrypto! Trade it here:

Leave a Reply

Type Comments Here

Your email address will not be published.

3 × one =

Share Your Toughts

View: 404

How to Protect Your Privacy and Bitcoin Security Online?

Want create site? Find Free WordPress Themes and plugins.

Bitcoin Security Online

In today’s world, maintaining online privacy and security has become quite a big deal. Despite all the technological advancements, the hackers are still able to find ways to breach the security of internet users – especially those involved in Bitcoin transactions.

Since Bitcoin is the most valuable form of digital currency out there, hackers particularly target those who prefer to store their wealth in the digital realm.

But it’s not only hackers that are stealing your data. Government and non-state actors also spy on your personal information. But don’t worry, there are many steps that one can take to secure his online privacy and the Bitcoin security.

First, we will talk about how to protect your privacy online.

How to Protect Your Bitcoin Online:

Online Bitcoin Security:

Web Browsers That Are Privacy-Centric:

There are very few browsers that put user privacy on top of their priority list. Brave browser, Mozilla’s Firefox and Tor browser are few to name.

Here is a brief idea as to how each of these browsers works:

Brave browser:

  • Blocks ads
  • Blocks tracking applications
  • Uses bitcoins incentives to give users a better experience

Mozilla’s Firefox:

Mozilla Firefox is a great tool if you want extensions that focus on security and confidentiality of a user.

Tor Browser:

One of the top-notch browsers that provide complete anonymity to its users. Some highlights of Tor browser include:

  • Hides IP
  • Obscures the proxies
  • Allows users to surf websites that are not indexed on traditional browsers like Google Chrome.

Use a VPN:

A Virtual Private Network (VPN) changes a user’s IP address and server location. Moreover, they provide re-routing and encryption which provide the users with complete anonymity. As a result, third parties are unable to track the location and interfere with the privacy of a user.

Use Email/Messaging Services That Provide End to End Encryption:

Use privacy-focused email services such as Tutanota, Protonmail, etc. as they provide end to end encryption. These services are extremely useful to communicate with other users without giving away your personal details.

You can also read our guide on the safest Bitcoin wallets to ensure the safety of your Bitcoin assets.

How to Protect Your Bitcoin Online?

Following are the ways that can help you keep your bitcoin safe from a security threat.

Multi-Signature Transactions:

The system requires more than one person and keys to authorize a Bitcoin transaction. It’s a digital signature scheme and protects the cryptocurrency from being spent without informing all the signers.

Cold Storage:

The system involves storing your assets offline. Cold storage helps to keep your bitcoins away from intruders. The cold storage techniques can store online wallets, offline wallets, paper wallets and other forms of protected media.

Backing Up the Information:

Most the privacy and security-focused services use passwords, PINs and secret phrases to gain access. Backing up these details so they won’t be lost is a good idea.

Learn how to backup Bitcoin wallet and other related information here.

Make copies of your security codes, PINs, password and store them in secure, offline location. If you don’t backup the information and, unfortunately, lose your wallet – there is no way to recover the lost assets.

Did you find apk for android? You can find new Free Android Games and apps.
View: 449

How To Use Tor Browser On iPhone?

Want create site? Find Free WordPress Themes and plugins.

This brief guide teaches you how to use Tor-enabled internet browser on your iPhone device to put a stop to ad services, ISP, or cookies tracking your online activities.

Tor prevents these entities from tracking your use by encrypting the route to your iPhone’s IP address through different servers all across the world. This ultimately makes it virtually impossible for anyone to track your IP address without advanced knowledge or software.

Remember that there are several sites on Tor that do not show up during usual browsing. Some of the sites may contain harmful or illicit content. Visit them at your own discretion.

Steps Involved In Using Tor on iPhone:

  1. Go to App Store
  2. Tap Search
  3. In the search bar, type Tor
  4. Choose a Tor-enabled browser
  5. Tap Get
  6. Tap Install
  7. Open the Application
  8. Tap Connect to Tor
  9. Start browsing

Related: A beginner’s guide to Tor Browser

Did you find apk for android? You can find new Free Android Games and apps.
View: 545

Bitcoin vs Litecoin – Which One is Better?

Want create site? Find Free WordPress Themes and plugins.

The hype of cryptocurrencies has increased dramatically over the past few years. Especially after the introduction of Bitcoin, back in 2009.

Bitcoin is the most popular cryptocurrency. The currency has ruled the crypto world undisputedly for many years. Even now, Bitcoin sits on top of the crypto pile. However, it is not the only king in the jungle anymore. The leading cryptocurrency is now facing a growing competition from other cryptocurrencies, Litecoin being one of the closest rivals of Bitcoin.

In this article, we have discussed the major differences between Bitcoin and Litecoin. Hopefully, you will be able to get a good idea about both the cryptocurrencies after reading this.

Litecoin:

Litecoin is one of the many names that received a lot of positive responses from the market.  It was launched in 2011 by its creator Charles Gee – with the aim of becoming the “silver” to Bitcoin’s “gold”. Like Bitcoin, Litecoin is also generated by mining. The motivation behind its creation was to improve upon Bitcoin.

Bitcoin:

In 2009, Satoshi Nakamoto launched Bitcoin as the world’s first cryptocurrency. It has no central authority and anyone can access it from anywhere. Bitcoins are ‘mined’, using computing power in a global network and are used to buy things electronically.

Bitcoin vs Litecoin

What is The Difference Between Bitcoin and Litecoin?

There isn’t just one, but many differences between Bitcoin and Litecoin. The major differences are as follows:

  • There are more litecoins available in the market, i.e. 84 million than bitcoins as Bitcoin will never exceed the limit of 21 million.
  • Due to the limit of bitcoins available, it is of much higher value as compared to Litecoin.
  • Litecoin has a much faster speed of transaction; only 2.5 minutes, unlike Bitcoin which takes around 10 minutes right now.
  • Both employ different algorithms, Bitcoin uses the longstanding SHA-256 algorithm, unlike Litecoin which makes use of a new algorithm known as Scrypt.
  • Another major difference is that Litecoin is a cheaper option for miners than Bitcoin. The former only requires a normal computer and an internet connection to begin mining, whereas the latter requires maximum computing power which is out-of-reach for an everyday user.
  • Bitcoin is relatively slow in confirming transactions, while Litecoin accepts a higher number of transactions due to its higher volume of blocks.

So, What to Choose – Bitcoin or Litecoin?

We know that both the cryptocurrencies have their own set of pros and cons. They even have several resemblances. No doubt, they are both accepted very positively all across the globe. However, the final choice is yours.

Good Luck!

Did you find apk for android? You can find new Free Android Games and apps.
View: 415

Bitcoin Is Worth More Than Gold – But Way Behind In Stability

Want create site? Find Free WordPress Themes and plugins.

Ever since its creation, Bitcoin has had its ups and downs in terms of both survival and price stability. However, as of late, the currency has been on the rocket-ship ride; going past $4000 mark for the first time last week.

Some investors view Bitcoin as something which can be compared to gold, and rightly so. Because just like gold, Bitcoin is not governed by any government or a central authority. One of the advantages of Bitcoin’s autonomy is that it makes Bitcoin insulated to any financial or economic crisis in a country. On the other hand, the fiat of that country can’t really cope with the crisis and more often tends to take a nosedive.

In fact, Bitcoin can benefit from the uncertainty and crisis, just like gold does. A recent example is Donald Trump winning presidential elections as both gold and Bitcoin surged 3% and 4% respectively in the aftermath.

Some investors are also relating the latest spike in Bitcoin to the potential war between North Korea and USA over NK’s nuclear problem.

Regardless of all the similarities, there is still one noteworthy difference between gold and Bitcoin: Gold is substantially more stable and the graph below shows it all:

The graph comprises of the data taken from Onvista and Coindesk. So, if you are looking to make a safe investment, Gold is still the way to go.

News Credit: BusinessInsider

Did you find apk for android? You can find new Free Android Games and apps.
View: 417

Can Bitcoin be compared to Dot-Com Bubble?

Want create site? Find Free WordPress Themes and plugins.

Many people ask that what actually is bitcoin, an investment or a dot com bubble? Many of us may not have forgotten the dotcom bubble which took place in the 2000.

What is the Dotcom Bubble?

The dot com bubble also known as the dot-com bust was a period that occurred from 1997 to 2001. It was in fact an era when the use of Internet fastly grew in terms of various businesses. At that time a lot of internet-based business companies were founded. Such companies were commonly referred to as dot-coms. Unfortunately, a great number of such companies failed with a total loss of all their assets e.g.; companies like Pets.com and Webvan, were a complete failure facing an ultimate shut down. Some stronger companies had to face a decline in their stocks such as Cisco and Qualcomm. These companies lost a large portion of their market share but somehow survived. Even some companies such as eBay and Amazon.com recovered and later on surpassed their lost stock level.

dot com bubble

Future of Bitcoin according to Morgan Stanley

Morgan Stanley is a famous financial firm providing investment banking, wealth management services and securities etc. Recently the performance graph of Bitcoin was strongly criticized by the senior members of Morgan Stanley, some of them even compared it to the dot-com era.

Sheena Shah, a market strategist from Morgan Stanley presented a research report and, in that report, she showed a lot of disappointment with regard to the future of bitcoin. According to Sheena Shah, there are a number of similarities between the tech-laden dot-com era and the rise in price ratio of Bitcoin. Even an accurate comparison was made with that of Nasdaq which took place in 2000.

Sheena Shah stated that the Bitcoin price weakness had a great resemblance with the Nasdaq in 2000.

Basis of Morgan Stanley’s analysis

The bearish market trends faced by bitcoins during the past few years are the basis of the above-mentioned strategy. Bitcoin has faced four major bearish markets since its debut in 2009. Each of these bearish market trends lasted for an average of five months. During those periods the price of bitcoin dropped from 30% to 90%. All that period was like a worst nightmare for the investors.

Even the worst downfall was of 70% at the end of 2017. According to some analysts, the current bearish market trend could proceed further. No doubt, it will be an alarming situation for the investors of bitcoin and all the the other major forms of cryptocurrency.

Sheena Shah also showed her concern about the trading volume of bitcoins which had a great similarity with that of the Nasdaq.

Did you find apk for android? You can find new Free Android Games and apps.