Skip to main content

What Is The Most Profitable Way To Make Money With Bitcoin?

  What Is The Most Profitable Way To Make Money With Bitcoin? Even after a decade of ups and downs and the unidentified Satoshi Nakamoto, Bitcoin remains at the top of the charts. To be more accurate, Bitcoin is the largest cryptocurrency in the world. So, the response to a question such as is it still possible to make money with bitcoin is a resounding yes: Bitcoin is a viable source of revenue. Since you seem to be on solid ground at this stage, the next logical question is – What is the best way to make money with Bitcoin?, put in another way, what is the most profitable way to make money with bitcoin? There are various options, with Bitcoin mining, trading, investing, affiliate earnings, and micro earnings being the most common. However, there is no one-size-fits-all solution to making money with Bitcoin. The amount of money you earn is determined by your risk perception and the system you use. This write-up will go into seven of the most profitable ways to make money with Bitc...
Post a Comment

Crypto Bull Tom Lee Doubles Bitcoin Price Target to $11,500






Strategist says failed fork cleared room for coming surge
Call comes after Novogratz sees coin at $10,000 by January

The bitcoin bulls are charging.

A day after hedge fund manager Mike Novogratz said the cryptocurrency will end the year at $10,000, Fundstrat’s Thomas Lee doubled his price target to $11,500 by the middle of 2018 -- a 40 percent gain from current levels.

Lee, who heads research at Fundstrat, said a 10 percent pullback earlier this month triggered by the controversial cancellation of an upgrade to bitcoin’s underlying software has set the stage for the coming surge.

The November slump “cleaned up weak hands,” Lee wrote Wednesday in a note to clients that almost doubled his last forecast.

The strategist had warned earlier in the month that bitcoin’s rally to $7,000 from $3,500 raised the likelihood for a short-term pullback.

“We no longer feel caution is warranted,” he said.

Bitcoin rose 1.2 percent to $8,230.12 as of 11:05 a.m. in New York, about $100 short of its all-time high set Tuesday after Novogratz’s comments. 

The most popular cryptocurrency has surged more than sevenfold since December, surpassing $8,000 for the first time this week.

The ride to records hasn’t been straight up for the virtual asset, with three separate slumps of more than 25 percent all giving way to subsequent rallies this year.


“We recommend steady buying of Bitcoin at these levels,” Lee said in the Wednesday report. Fundstrat also boosted its price target for the Bitcoin Investment Trust, an over-the-counter security that offers investors exposure to bitcoin. Lee predicts it will trade at $1,300 by mid-2018, up from his prior target of $800.

Source:    Bloomborg
Labels:

Comments

Post a Comment

Popular posts from this blog

Please Invest Responsibly - An Important Message From The Coinbase Team

We at Coinbase couldn’t be more excited by the explosion of interest in digital currencies.  The last few weeks has seen an unprecedented increase in the price of digital currencies.  More people are engaging with our platform than ever and that bodes well for the future of the digital currency.  At the same time, it does create extreme volatility and stress on our systems.  We take this very seriously and wanted to share some important thoughts. We’re continuing to invest heavily to scale our platform Over the course of this year we have invested significant resources to increase trading capacity on our platform and maintain availability of our service.  We have increased the size of our support team by 640% and launched  phone support  in September.  We have also invested heavily in our infrastructure and have increased the number of transactions we are processing during peak hours by over 40x. ...
Post a Comment
Read more

Are You Still Involved In Daily Commuting?

Just imagine how congested this road is? just imagine how the drivers and passengers will turn out when they eventually arrive at their destinations? - sweaty, smelly, tired and fagged out Are you still willing to continue this way? Something new is in the horizon (actually not so new, been around for 8 years now) but its value recently hit the roof and it has thus attracted attention and if it has not attracted your own attention, then you are really on the dark side of things. It's time for you to look on the brighter side of things and behold BITCOIN Now if you’ve been following bitcoin over the last few years you’ll have noticed the price going up. A lot of speculation too. It’s going to keep going up. and then it will hit its plateau and be unreachable I must admit when I first heard about bitcoin I didn’t really understand what it was all about but then I went into research and learnt quite a lot about it. Bit...
Post a Comment
Read more

What Are Digital Currencies?

Digital currencies are precisely what they sound like: currencies kept and transferred electronically. They are an internet based medium of exchange or currency distinct from physical coins and banknotes, but allows for borderless transfer-of-ownership and instantaneous transactions. Real digital currencies date back to 1990s. The first digital currency was E-gold, created in 1996 and backed by gold. Liberty Reserve was another digital currency that was founded in 2006; the currency allowed users to convert euros or dollars to Liberty Reserve Euros or Dollars, and exchange them freely with one another at a fee of 1%. Both services were believed to be used for money laundering. Consequently, they were inevitably shut down by many governments such as the USA. Emerging in 2005, QQ coins and Q coins were used on Tencent QQ’s messaging platform as a kind of commodity-based digital currency. In China, Q coins were so effective that they were believed to ...
Post a Comment
Read more