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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 reach the total source that can be mined, lack will drive the price much higher.As of early 2018, this infographic from Nicholas Rapp of Fortune illustrates the breakdown of the current Bitcoin source and the article is a good read featuring a new study of missing Bitcoins:According to new research from Chainalysis, a digital forensics company that studies the bitcoin blockchain, 3.79 million bitcoins are already gone for great based on a high estimateand 2.78 million based on a low one.

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Therefore, this variable will play a positive role for the longer term.Factor # 3 Lightening NetworkBitcoins lightening network, although advancing, is still in Beta. More and more nodes are running Bitcoins lightening network to create Bitcoin transactions faster and the prices significantly lower. Once all the technical challenges settled and the network entirely functional, Bitcoin price will significantly benefit as Bitcoins intrinsic worth will increase.Bitcoin Price May Reach 50,000 USD in 2019 Based on the Price ChartBitcoin cost has the potential to reach 50,000 USD in 2019 But for it to happen in a price standpoint, we need to find 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 graph, these charts are Fantastic for cryptocurrencies in general because their movements are fast and the prices are volatile so a log graph is the best to appreciate the movement and tune off volatility and noise.   TOP CRYPTOCURRENCIES TO BUY: What best crypto hints are flashing a BUY signal now Which to avoid Top notch guidance on the best way best to play the grand bull market in crypto from InvestingHaven's research team, only for $2 per week.  Crypto & Blockchain investing service >.

The last month of 2018 has started and BTC is still on its downtrend. The main reason precisely what the crypto people are pointing out to is not getting a green light in the SEC regarding the BTC ETF. However, 2019 is exactly what the crypto enthusiasts are looking forward to. Even NASDAQ, the second largest stock exchange in the world has also pledged to launch Bitcoin futures in the first half of 2019.

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

BlockTower Capital, the main force in the crypto kingdom made a wager on Bitcoin annually past recently made a bullish statement on Bitcoin's cost. Michael Bucella, a partner at BlockTower mentioned that the recent dry spell running in crypto space and volatility might be the current scenario that is pulling it down however, the distress cycle may come to an end quite soon as the institutional players have voiced 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 scarcity. Bitcoin was created in 2009 from the pseudonym Satoshi Nakamoto, that might be an individual or a group of people. It works on a peer to peer network, where no intermediaries are involved.

It is gaining adoption and a number of people have begun using BTCs in real time, like buying a Lamborghini or buying a mansion. It is 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 is trading at $3909.89 from the all-time of 20000. The ever-fluctuating Bitcoin made many involved in the purchase price forecast of Bitcoin.

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

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

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