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url 2019-02-08 05:26
Bitcoin price prediction 2025

Bitcoin price prediction 2025


As envisioned by Tim Draper, Bitcoin will hit a cool $250k by 2022. Tim Draper, a billionaire venture capitalist scored big as an early banker of Skype and Baidu. He had predicted the Bitcoin price to hit $10000 by 2018 and by November 28, 2017 his prediction had become to pass. Mike Novogratz a former hedge fund manager, who had also predicted that the Bitcoin price could hit $10000 by 2018, has invested his own $150 million and plans to raise even more from outside sources mainly from wealthy individuals, families and fellow hedge fund managers. His investment is informed by his sheer belief that Bitcoin is set to increase by 2022, sharing the same prediction as Draper.


Reviews on the potentiality of bitcoin


There other pro-bitcoiners who hold the same theory as Draper. One such people are the famous Bitcoin billionaires Winklevoss Twins who believe that Bitcoin has a potential of thirty to forty times increase to that of its current value. They project their prediction of Bitcoin’s future market cap at over $5 trillion this is in comparison to the $7 trillion global gold market which they believe Bitcoin will greatly disrupt. They hold that Gold is scarce while Bitcoin is fixed; they also believe that it is because of its portability and divisibility that will make it stand out as compared to Gold.


Where Bitcoin prices will be in the next few years


Trace Mayer is another pro-bitcoin who believes that Bitcoin will increase by a relative price of 4.75. Mayer, an entrepreneur, investor, journalist, and a monetary scientist, is basing his prediction on a 200-day moving average. He says that by taking the 200-day moving average in four months it will be worth over $27000. Master Luc an anonymous Bitcoin trader known to give impressive predictions sees Bitcoin reaching between 40,000 and 110000 US dollars sometime before 2019.


Thomas Glucksmann says the cryptocurrency will increase because of the regulation, the introduction of institutional capital and the advancement in technology such as in Lighting Network. Glucksmann, the head of APAC business at Gatecoin adds that a possible element in Market growth going forward could be a release of a penny cryptocurrency based ETF, similar to when BTC’s price shot up to $16,800 in Dec. 2017 after the CBOE’s futures launch. Ronnie Moas, founder and director of research at Standpoint projects Bitcoin to reach a price of $50,000 by late 2020. He projects that the market cap of all cryptocurrencies will increase to a cool $2 trillion from its current $150 billion within the next ten years.


If you want to know more about crypto information click –  blockchain penny stocks | best bitcoin cash wallet

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review 2018-12-19 09:20
How to mine Litecoin

How to mine Litecoin | Best Litecoin Miner


Mining coins have become one of the favorite ways for many hobbyists who want to earn digital currency and increase their assets by mining cryptocurrencies. Although mining needs an understanding of complex algorithms, it has still garnered favoritism among many people. Here you will learn a few tips to mine Litecoin


 What is Litecoin mining?

We need specialized computers and hardware for mining Litecoin which serves two main purposes:

1) It verifies transactions and secures the network.

2) New Litecoins are paid as a reward to the miners

Litecoin uses a distributed ledger known as a blockchain, just like Bitcoin. Thousands of miners manage the ledger with their computing power to verify transactions and secure the network.

In short, miners are given with complex mathematical equations that can only be solved using computers. By solving these puzzles, the miners can verify blocks of Litecoin transactions and as a reward for their hard work done to solve these puzzles, they receive LTC.


How do I mine Litecoin?

Assess the pros and cons of each of the three mining methods i.e.

  • Solo mining, where you don’t need to share mining rewards with anyone else. However, it has a disadvantage that you’ll need to pay for the electricity required to run the equipment, and you may also go for long periods of time without gaining any block rewards
  • Joining a mining pool where these mining collectives allow you to join hands with other miners and put your combined computing power to work on mining the Litecoins
  • Using a cloud mining service where it allows you to lease Litecoin mining equipment for a set period of time.

After you’ve decided which method is the right for you to mine Litecoin, You can follow the below steps and instructions on how you can start mining Litecoin.

  1. Litecoin mining at home
  • Create a Litecoin wallet first
  • Make sure you’ve set up a private wallet where you can securely store your LTC, before you start mining.
  • Choose your hardware to be used. You can compare the hardware options available for mining Litecoin, for example, you can see whether you will be setting up a rig with multiple GPUs or investing in an ASIC miner?
  • Also, remember to consider the cost of the power and the adequate ventilation when you are organizing your setup
  • Your hardware will most likely come with a pre-installed mining software while installing the software if you’re using an ASIC miner. If you’re mining using a graphics card, then you will also need to download and install free mining software. In this case, choose and download from a trusted website.
  • After following the instructions in your software package, start mining.
  • Store any LTC you earn in a secure wallet and remember to monitor the performance of your equipment and the price of best litecoin miner regularly to make sure that your mining remains profitable.
Source: www.cryptonewstoday.org/how-to-mine-litecoin
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