Experts Growth Predict on Cryptocurrency Exchange and Bitcoin Price

The Bitcoin price will always remain a topic of significant debate, as there are those who feel the cryptocurrency is undervalued, whereas others predict stagnation or even a decline. Several Bitcoin experts weighed in with their thoughts recently, and there are some interesting responses, to say the least.

The Bitcoin Price Throughout 2016 and 2017

There have been some spectacular Bitcoin price predictions in the past, and even though the value per BTC has gone up significantly from 2010, there is still a lot of room for growth. At the same time, it is all but impossible to predict where the Bitcoin price will end up at, as there are so many different factors to take into account.

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Bitcoin Exchange and Cost Of Mining Production

Bitcoin price is trading lower today after forming another rounded wave top. Analysis considers mining production costs and the historical relationship of market price to this fundamental metric.

Bitcoin mining price has continued rolling over a rounded top. As outlined in yesterday’s analysis post, downside support 

may be found at the local rising trendline near $440. If price bounces at this level then the market may resume the 

journey toward resistance at $470. Continuing decline below support opens up $400 and potentially $370, we’ll 

need to ascertain the degree of the next declining wave to better measure the decline’s depth.

The pivots for trade are $470 to the upside and short below $440.

Mining Production Cost

For better insight into long-term bitcoin price, and its relation to block reward halving events, we consider the cost of production of Bitcoin 

mining.

When calculating the cost of mining production, several variables come into play, namely, capital costs such as 

ASIC equipment expenditure and infrastructure, as well as, operational costs such as electricity, cooling, etc. 

Geographical location influences costs because different locations have differing rates for power, have different 

climates and variable internet connectivity.

Read More @ https://www.cryptocoinsnews.com/bitcoin-price-cost-mining-production/

Centralized Bitcoin: Localbitcoin Exchange/Trading

The Centralized Bitcoin exchanges seem to coordinate their prices across continental divides. One goes down – they all go down. The question is why the public tolerates their scam. If they were useful or desirable, they’d 

consider the very people who sustain the Bitcoin network, namely Bitcoin miners who, below $400, likely operate 

at a loss. Exchange clients and miners get whatever is happening in the busiest exchange. The bitcoinexchanges arbitrage-bots equalize prices between one another. Miners – you’re the backbone of this innovation. Cryptomonkeys – you think you’re trading – but your centralized exchange rides you bare-back.

Centralized Exchanges Counting the Days

Central Bank, Central Government, Central Exchange. I’ve been stomping their foot in this column for a while now without any response. Of course, the centralized exchanges Bitstamp, BitFinex, BTC-e, BTC-China, Huobi, etc. Won’t respond – they have no retort. They’re hoping no-one will notice, and suckers will just keep depositing bitcoins in their vulnerable, corruptible coffers. Proof-of-solvency. Proof-of-reserve. Proof-of-existence. Proof-of-brain-bamboozle.

Read More @ https://www.cryptocoinsnews.com/bitcoin-price-manipulation-centralized-exchanges-seems-coordinated