Bitcoin is a digital currency created in 2009. It follows the ideas set out in a white paper by the mysterious Satoshi Nakamoto, whose true identity has yet to be verified. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government issued currencies.
On the graph above I fitted the price charts with lines from two cycles ago (purple) and one cycle ago (blue) and added them to the end of the BTC price chart. This gives us a possible future band for BTC price. The light orange area between and around the two historical scenarios is where the price will likely end up in the future. If this prediction chart at the top of the page holds up by June 2014 we will see BTC to crawl back to the $400-600 range and we will see a price rally around July with the price going up all the way to over $5,000 by August or September. This may seem unreal Today, but Today's $500 seemed unreal a year ago too. The chart also suggests that prices can go up to the $8,000 range. I think the price will not go beyond $5,000 this year but I could be too conservative.
Short version: Buy now, sell in October for a x10 profit. Long version: Buy now, sell 2017-2020 for a x1000 profit. Sound unrealistic? Lets look at whats actually happened so far with Bitcoin:
May 2010 one Bitcoin was: $0.05
May 2012 one Bitcoin was: $5
August 2012 one Bitcoin was: $15
May 2013 one Bitcoin was: $200
December 2013 one Bitcoin was: $1,000
2015: $5,000? (Bitcoin growing faster than ever similar to the internet in 1994)
2017: $50,000? (Bitcoin will open up for the developing world)
2020: $700,000? (Worldwide Bitcoin adoption)
We've seen at least 4 big steps in the increase of BTC price so far. At each step after a relative calm period of about 6-8 month the price went up several fold drastically within 1-3 months and later dropped to about half of the peak and about double of the original calm period.
On the second chart we can see that the exponential adoption growth rate chart is correlated to BTC price charts. We can also assume that adoption of Bitcoin will only grow in the foreseeable future because related services are growing rapidly making Bitcoin more convenient and beneficial to use every month. Bitcoin is really starting to take off now and the huge number of investments made in startups in the last few months will show results in the next 24-48 months.
It is clear that there is still a lot of room for Bitcoin to grow as we are still in the early stages of the Bitcoin life cycle. We currently have about 150,000 bitcoin addresses used daily. It is estimated there are about 2 million Bitcoin users worldwide. That's appr. 0.02% of the world population. If we assume that in the next 12 month only 10% of population is technically capable of using Bitcoin it leaves us with 700M people. If we assume that only 10% of that potential pool of people will be ideologically open to use Bitcoin, that still leaves 70 million (1%) people in the world. Let's further reduce the number of people by 70% to account for kids and people who have no savings of any kind at all. That still leaves appr. 20,000,000 people who will may start using Bitcoin in the near future. That's a 10 fold increase in adoption rate compared to where we stand Today. Therefore we're still looking at expected further exponential growth of adoption in the near future which is normal for a new technology at its initial stages of adoption.
So, is it time to invest into bitcoins? I certainly think so, but Bitcoin is still in early stages of its development. It's technically in Beta at version 0.9 and it has been stated by many experts as being at the same stage the internet was at in 1994. If you buy bitcoins only spend as much as you can afford to lose. I can personally say that I have invested over $2500 in Bitcoin so far.
If you are interested in investing in Bitcoin the website I use and recommend is Etoro. Unlike many companies they wont take a commission when you buy your Bitcoins. You can also get $120 bonus cash on this website when you sign up via our link below and make a deposit of $100 or more.
Steps To Get Started
Step 1: Clear your browser cookies. This is done just to be sure you join through us, if you don't join through us the bonus will not work.
Step 2: Go to this link and create a free account, after this click on "Fund Your Account" at the top right corner and deposit at least $100 ( That will get you the $20 bonus plus an additional $50 first deposit bonus) (Again it is important to use this link as this is how you will get the bonus): http://etoro.tw/1mUNBcw
Step 4: Choose any trader to copy and click on the "Copy" button (Find your traders in the "People" tab). Click on "Have a Gift Card?". Enter the Gift Code "eToroCopy2014" and submit. Connect your account to Facebook.
Step 5: The first $20 bonus will be invested straight away in an apple stock, close this immediately. The first $50 bonus will be in your account balance after you deposit. The second $50 bonus will be invested in the trader you copied, uncopy him immediately. That's $120 in bonus money to invest with! Invest your $220 in Bitcoin stock ($100 deposit + $120 in bonuses). Watch your Bitcoin multiply by x1000 or possibly more over the next few years.
$220 x 1000 = $220,000 by 2020
We will see how far off I was with this analysis this coming Christmas. But If you do what I have stated the very worst and unlikely scenario is that you lose your $100, the best and likely scenario is that you will have around $220,000 in the next 5 years or maybe less. Surely that's worth a risk?
Don't take my word for it, watch the videos below. Some of the best investors like Marc Andreesson (Founder of Netscape and director of Facebook), the Winklevoss twins, Bill Gates (Co-founder of Microsoft), Max Keiser and many more financial geniuses have backed Bitcoin strongly and invested a lot of money in it.
If you have any questions just leave a comment at the bottom of this page and I will get back to you within hours.
CREATE A FREE ACCOUNT AND INVEST IN BITCOIN HERE: http://etoro.tw/1mUNBcw
On the graph above I fitted the price charts with lines from two cycles ago (purple) and one cycle ago (blue) and added them to the end of the BTC price chart. This gives us a possible future band for BTC price. The light orange area between and around the two historical scenarios is where the price will likely end up in the future. If this prediction chart at the top of the page holds up by June 2014 we will see BTC to crawl back to the $400-600 range and we will see a price rally around July with the price going up all the way to over $5,000 by August or September. This may seem unreal Today, but Today's $500 seemed unreal a year ago too. The chart also suggests that prices can go up to the $8,000 range. I think the price will not go beyond $5,000 this year but I could be too conservative.
Short version: Buy now, sell in October for a x10 profit. Long version: Buy now, sell 2017-2020 for a x1000 profit. Sound unrealistic? Lets look at whats actually happened so far with Bitcoin:
May 2010 one Bitcoin was: $0.05
May 2012 one Bitcoin was: $5
August 2012 one Bitcoin was: $15
May 2013 one Bitcoin was: $200
December 2013 one Bitcoin was: $1,000
2015: $5,000? (Bitcoin growing faster than ever similar to the internet in 1994)
2017: $50,000? (Bitcoin will open up for the developing world)
2020: $700,000? (Worldwide Bitcoin adoption)
We've seen at least 4 big steps in the increase of BTC price so far. At each step after a relative calm period of about 6-8 month the price went up several fold drastically within 1-3 months and later dropped to about half of the peak and about double of the original calm period.
On the second chart we can see that the exponential adoption growth rate chart is correlated to BTC price charts. We can also assume that adoption of Bitcoin will only grow in the foreseeable future because related services are growing rapidly making Bitcoin more convenient and beneficial to use every month. Bitcoin is really starting to take off now and the huge number of investments made in startups in the last few months will show results in the next 24-48 months.
It is clear that there is still a lot of room for Bitcoin to grow as we are still in the early stages of the Bitcoin life cycle. We currently have about 150,000 bitcoin addresses used daily. It is estimated there are about 2 million Bitcoin users worldwide. That's appr. 0.02% of the world population. If we assume that in the next 12 month only 10% of population is technically capable of using Bitcoin it leaves us with 700M people. If we assume that only 10% of that potential pool of people will be ideologically open to use Bitcoin, that still leaves 70 million (1%) people in the world. Let's further reduce the number of people by 70% to account for kids and people who have no savings of any kind at all. That still leaves appr. 20,000,000 people who will may start using Bitcoin in the near future. That's a 10 fold increase in adoption rate compared to where we stand Today. Therefore we're still looking at expected further exponential growth of adoption in the near future which is normal for a new technology at its initial stages of adoption.
So, is it time to invest into bitcoins? I certainly think so, but Bitcoin is still in early stages of its development. It's technically in Beta at version 0.9 and it has been stated by many experts as being at the same stage the internet was at in 1994. If you buy bitcoins only spend as much as you can afford to lose. I can personally say that I have invested over $2500 in Bitcoin so far.
If you are interested in investing in Bitcoin the website I use and recommend is Etoro. Unlike many companies they wont take a commission when you buy your Bitcoins. You can also get $120 bonus cash on this website when you sign up via our link below and make a deposit of $100 or more.
Steps To Get Started
Step 1: Clear your browser cookies. This is done just to be sure you join through us, if you don't join through us the bonus will not work.
Step 2: Go to this link and create a free account, after this click on "Fund Your Account" at the top right corner and deposit at least $100 ( That will get you the $20 bonus plus an additional $50 first deposit bonus) (Again it is important to use this link as this is how you will get the bonus): http://etoro.tw/1mUNBcw
Step 4: Choose any trader to copy and click on the "Copy" button (Find your traders in the "People" tab). Click on "Have a Gift Card?". Enter the Gift Code "eToroCopy2014" and submit. Connect your account to Facebook.
Step 5: The first $20 bonus will be invested straight away in an apple stock, close this immediately. The first $50 bonus will be in your account balance after you deposit. The second $50 bonus will be invested in the trader you copied, uncopy him immediately. That's $120 in bonus money to invest with! Invest your $220 in Bitcoin stock ($100 deposit + $120 in bonuses). Watch your Bitcoin multiply by x1000 or possibly more over the next few years.
$220 x 1000 = $220,000 by 2020
We will see how far off I was with this analysis this coming Christmas. But If you do what I have stated the very worst and unlikely scenario is that you lose your $100, the best and likely scenario is that you will have around $220,000 in the next 5 years or maybe less. Surely that's worth a risk?
Don't take my word for it, watch the videos below. Some of the best investors like Marc Andreesson (Founder of Netscape and director of Facebook), the Winklevoss twins, Bill Gates (Co-founder of Microsoft), Max Keiser and many more financial geniuses have backed Bitcoin strongly and invested a lot of money in it.
If you have any questions just leave a comment at the bottom of this page and I will get back to you within hours.
CREATE A FREE ACCOUNT AND INVEST IN BITCOIN HERE: http://etoro.tw/1mUNBcw