What do you think is it a good time to buy bitcoin and how to get bitcoin?. This is a good week as compare to last week for bitcoin as well as for whole crypto market. Bitcoin price increased against last week but btc price plunging between $8,000 to $9,000. Traders and holders are waiting for bitcoin price up and investors for further bitcoin price drop to en-cash profit.
Market is stabled after a long time and no FUD arrived. Bitcoin is expected to meet $9,500 this week. However the bitcoin dominance is dropped to 34% which means billion of USD converting to alt coins. Ethereum is also compared with Bitcoin by experts. Experts believe that it will be traded between $2,000 to $3,000 by mid of the 2018. At the end it can cross $5,000 if market survives with or without FUD or bad news.
Ethereum is also expected as Cryptocurrency of the year 2018 due to powerful blockchain technology. Ethereum can push bitcoin backward but not right now. This week bitcoin high price is expected around $9,500 and bitcoin low price expected to be $7,500.However most of the experts believes bitcoin price prediction 2018 as more then $40,000. Showing both points to make Investors and holders extra vigilance. Trading in cryptocurrency required extra vigilance and strong decisions.
Where To Buy Bitcoin
Bitcoin price today average is $8,750 according to coinmarketcap which is good sign for this week. Again some bad news from Korea going viral. The Bank of Thailand (BOT) issued a circular on Monday asking “Banks and financial institutions not to get involved in cryptocurrency transactions for fear of possible problems from the unregulated trading,” Korean banks are banned from allowing clients to buy cryptocurrency with credit cards. Siam Commercial Bank is working on future payment system through Ripple between Japan and Thailand.
The Dubai Multi Commodities Center (DMCC) is the largest free economic zone in the U.A.E., with zero percent personal and corporate income tax. DMCC has started issuing licenses to firms trading cryptocurrencies. The first license has been issued to a gold trader that has recently started offering cryptocurrency services.
Right after the Ethereum, Ripple is also a big challenge for bitcoin future. Ripple is accepted by the big brands and every month the multinational companies announcing for ripple platform. Ripple has a faster transaction system and low fees which is an excellent feature. Bitcoin is charging high fees and taking time during transaction. Sometimes it takes more then 1 and 2 hour.
Bitcoin Price Will Up or Down
That is why the financial network of the world, banks and Exchanges are discouraging bitcoin and accepting ripple throughout the world. But the king is king, bitcoin has its own features and said to be Gold 2.0 which will be at the top. Current condition of crypto market cannot allow another controversies or banning news.
This is right time to buy some of bitcoin and keep focusing on market trend and set stop loss.
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