Bitcoin Prediction for 2018 In India
In India when there is one side the RBI has declared clamp down of cryptocurrency. Still the craze of cryptocurrency trading is on flow. In April the rise in price of cryptocurrencies is shown. By seeing the rise in price it is easily predicted that the craze for cryptocurrency among people will remain same. It is not only about a few price predictions about Bitcoin for 2018 but also about the number of cryptocurrency enthusiast who uses bitcoin not only as payment option but also for services.
Different experts are giving different prediction about Bitcoin. As the volatility is the nature of virtual currency. Some people currently worried about the RBI decision and volatile nature of Bitcoin. For long term investment and hodling there is no need to fear from volatility at all.
Currently the price of Bitcoin is INR 6,16,408.98 and it is predicted that there will be fivefold increase in the price and it will reach the highest price of INR 3,000,000. But for short term it may be challenge.
Even some crypto enthusiast are keeping themselves away from the boom. But some are just hodling their coins to review the market trend whether it will keep growing or not.
Currently it dipped by INR 10,000.But it is expected that it will not see the bottom once the regulatory hurdles remove and surely the value of the cryptocurrencies will increase more than earlier.
“BTC has accelerated much faster than my model assumptions. I now predict Bitcoin at $1 million by the end of 2020. I will still eat my d**k if wrong” — John McAfee
Outer factors also play an important role in price of Bitcoin. The clampdown is the main factor behind the dipping of price. So before engaging into the rumors you must need to read thoroughly about then concept of Bitcoin and block chain if you are new to crypto world.
It is also expected that government will give relaxation to crypto traders but by regulating the laws for cryptocurrencies.
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