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When the market realizes that Bitcoins available provide is even less than the mined coins in circulation and it will never get to the total source that can be mined, lack will drive the price much higher.As of premature 2018, this infographic from Nicholas Rapp of Fortune illustrates the breakdown of the current Bitcoin supply and the guide is a good read featuring a new study of missing Bitcoins:According to new study from Chainalysis, a digital forensics firm that studies the bitcoin blockchain, 3.79 million bitcoins are already gone for good based on a top estimateand 2.78 million based on a reduced one.

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Thus, this factor will play a favorable role for the longer term.Factor # 3 Lightening NetworkBitcoins lightening network, although advancing, is still in Beta. More and more nodes are now running Bitcoins lightening network to make Bitcoin transactions faster and the fees significantly lower. Once all the technical challenges depended and the network entirely functional, Bitcoin cost will significantly benefit as Bitcoins intrinsic value will increase.Bitcoin Price Could Reach 50,000 USD in 2019 Based on the purchase price ChartBitcoin price has the potential to reach 50,000 USD in 2019 But for it to happen in a cost standpoint, we need to see the following:Bitcoin price has to Cross Above 8500 USD and quicklyBitcoin should remain above the 5000 to 5500 USD support.

Note that the graph below is a log chart, these graphs are great for cryptocurrencies in general since their movements are fast and the prices are volatile so a log graph is the very best to value the movement and tune off volatility and noise.   TOP CRYPTOCURRENCIES TO BUY: What top crypto tips are flashing a BUY signal now Which to prevent Top notch guidance on the best way best to play with the grand bull market in crypto out of InvestingHaven's research team, only for $2 per week.  Crypto & Blockchain investing service >.

The previous month of 2018 has begun and BTC remains on its downtrend. The main reason what the crypto folks are pointing out to is not getting a green light from the SEC regarding the BTC ETF. But, 2019 is what the crypto enthusiasts are looking forward to. Even NASDAQ, the second largest stock exchange in the world has also vowed to launch Bitcoin futures in the first half of 2019.

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One of Bloomberg's column stated there is a possibility that FUD(Fear, Uncertainty and Doubt) might loom over crypto space in 2019, in which Barry Ritholtz predicted the prediction from experts wrong and absurd. Inspite of that also, analysts and enthusiasts kept their hopes . Mike Novogratz said explicitly that he thinks there is going to be big adaption in 2019,2020 because he thinks there will be participation from people in the blockchain space.Now the state government of Ohio has announced that it's going to accept tax payments in BTC wherein the government has partnered with Bitpay to make this happen conveniently so the bitcoins can be converted into dollars on behalf of their tax office.

BlockTower Capital, the main force in the crypto kingdom made a wager on Bitcoin a year ago recently made a bullish statement on Bitcoin's cost. Michael Bucella, a partner at BlockTower mentioned the recent dry spell running in crypto space and volatility may be the current scenario that is pulling it down but the distress cycle might come to an end very soon as the institutional players have expressed their ardent interest in purchasing cryptocurrencies. .

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Bitcoin is the most popular cryptocurrency, dominating the crypto area with its blockchain technology and its lack. Bitcoin was created in 2009 from the pseudonym Satoshi Nakamoto, that could be an individual or a group of individuals. It works on a peer to peer network, in which no official website intermediaries are involved.

It's gaining adoption and some people have begun using BTCs in real time, like buying a Lamborghini or buying a mansion. It's easy as well as advanced. Once you understand the technology behind it, you will definitely adopt the beauty of this digital currency.

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Bitcoin prices are fluctuating. It's trading at $3909.89 from its all time of $20000. The ever-fluctuating Bitcoin made many involved in the price prediction of Bitcoin.

Since the market is experiencing explosive conditions, we should back up the prediction with the market specialists, who've been the mind and center of the cryptocurrency marketplace.

John McAfee, the founder of the popular McAfee software and an ardent Bitcoin follower predicted that Bitcoin will strike $1 million by 2020 following past years prediction of $7000 that was nicely surpassed.

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