Bitcoin is a global craze, even those who do not know about blockchain technology also buy it.

Because more and more people are buying it at such a fast rate, it is impossible to determine the real value of the currency.

When the price of something fluctuates 20-30% a day then obviously it's unstable and you can lose money in the blink of an eye. With such "crazy" fluctuations in the short term, Bitcoin is gambling, not investment, Sabatier said.

The Bitcoin price will surely surpass $ 20,000

Independent analyst Ronnie Moas, the founder of research firm Standpoint Research, and one who has previously forecasted Bitcoin's price increase, said it would probably cross the $ 20,000 mark and hold the momentum. Increase until reaching the 6-digit level.

At the time of the forecast, Bitcoin prices have risen about 500% since Moas made a recommendation to purchase the virtual currency in early July.

He said that Bitcoin prices have increased 500% since the date of forecast and Bitcoin's peak price will fall to $ 300,000 to $ 400,000.

His bold forecast is based on the limited supply of Bitcoin at VND21 million. Increasing demand from buyers will push up Bitcoin prices.

Extremely low transaction costs: There are no transactional intermediaries, only transaction processing fees, but it is not worth much.
Environmental protection: No chemicals or paper. The Bitcoin computer processing system consumes less electricity than the current financial system.
Ecommerce Potential: All bitcoin transactions are completely anonymous and can not be reversed, so for salespeople they can be assured of fraud.

Not many users: The fact is that people, especially those who do not grow as much as Vietnam, are accustomed to using currencies, gold and silver. And they do not know much about electronic money. Along with that many well-known papers have negative posts about this currency (I will explain later) so people are very cautious and have many worries when using bitcoin.

5 or 10 years is not a road, it probably goes 5 or 10 years
Bitcoin prices are likely to exceed $ 100,000 over the next 10 years, up nearly 36 times from the recent peak of $ 2,780. That's from analyst Kay Van-Petersen, who predicted exactly the momentum of this virtual currency this year.

In December of the same year, Saxo Bank (Denmark) published its annual report called "Outrageous Predictions." One of the predictions is that the bitcoin price will reach $ 2,000 in 2017. By the time the report was released, bitcoin traded at $ 754. Five months later, bitcoin reached $ 2,000 on May 20, 1977, an increase of 165%.

Now, the prediction is that Kay Van-Petersen is looking at the long term and thinks bitcoin will continue to appreciate.

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Congratulations to all of you who captured btc by the end of 2017 and succeeded, all is your choice and decision, congratulations, i will also try my best as a match!Good luck for you