While the Bitcoin price prediction business concerns itself mostly with the long term, a technical analysis chart has produced startlingly accurate short-term forecasts that can help investors profit now.
Fibonacci charts, as it turns out, are ideal for an asset like Bitcoin, which has no fundamentals but a price that continues to set fresh all-time highs - "uncharted territory."
Here's why Fibonacci charts are a Bitcoin trader's best friend...
A new digital asset investing platform called Prism is designed to simplify the challenge of how to make money from cryptocurrencies.
A project of the ShapeShift digital asset exchange, Prism allows users to profit from price increases in cryptocurrencies without actually buying and holding them.
To find out more about how Prism works, we talked to ShapeShift CEO Erik Voorhees.
This will revolutionize how people invest in cryptocurrencies...
Even though a Bitcoin hard fork took place in August, two more are happening over the next month.
The Bitcoin Gold hard fork is happening today (Monday), while the SegWit2x hard fork is expected Nov. 18. Both will create new, alternative versions of Bitcoin. And anyone who owns Bitcoin already will automatically receive an equal amount of these forked coins for free.
But there are a lot of risks as well.
Here's what Bitcoin investors need to know about these hard forks...
Bitcoin rallied back from its biggest drop in a month yesterday, but that's not exactly why we're excited for it.
Right now, we're looking ahead to a really big event: the "hard fork" expected next week, on Oct. 25.
This move is going to create Bitcoin Gold, just like the last hard fork spawned Bitcoin Cash. The new crypto will "enter the wild" on Nov. 1.
But that's not what has us fired up. The hard fork speaks well of Bitcoin's durability, of course, but it remains to be seen whether its new "flavors" will be good investments.
Rather, we believe Bitcoin Gold is going to be like pure rocket fuel for one of our favorite stocks...
It's a textbook "10-bagger" that's given us more than 1,138% in peak gains since our (very) early "Buy" call back in June 2013.
Today, we're upgrading our call to "Screaming Buy," because our Cryptocurrency Expert, David Zeiler, has proof that this hard fork is likely to ignite a whole new round of gains in these shares.
And it could happen very quickly, too...
The Bitcoin price is rising mainly because of the two imminent hard forks that will create "free money" for anyone who owns some of the digital currency.
The price of Bitcoin hit an all-time high of $5,386.23, more than $300 above the previous high. The cryptocurrency is up 23% over the past week.
But stocking up ahead of the hard forks isn't the only reason for the rise in the Bitcoin price.
Plenty of other developments are also fueling this Bitcoin rally...
Billionaire Michael Novogratz made a bold Bitcoin price prediction on Oct. 10, 2017.
He believes the price of Bitcoin will reach $10,000.
Here's when he thinks it will happen...
The Bitcoin Gold hard fork is less than a month away, but it's already causing confusion.
It's separate from the Bitcoin Cash hard fork that happened Aug. 1. But like that hard fork, Bitcoin Gold will create another, distinct version of Bitcoin.
With so many hard forks in such a short span of time, even veteran Bitcoin users are struggling to make sense of all this.
So Money Morning contacted Bitcoin Gold's organizers for some answers.
Initial coin offerings (ICOs) have a new exchange to trade on, and it's one with a vital distinction. It's fully compliant with U.S. securities regulations.
This exchange, called tZero, is what's known as an "alternative trading system". It's been under construction for three years under the wing of Patrick Byrne's Overstock.com.
The tZero exchange was built to trade digitized version of stocks, but the ICO phenomenon gave it a new mission.
Here's why the tZero platform is such a game changer...
JPMorgan Chase & Co. CEO Jamie Dimon has made extraordinarily harsh statements about Bitcoin lately.
He's denounced the cryptocurrency as a "novelty" doomed to collapse. And he's not alone. Several other Wall Street moguls have publicly attacked Bitcoin and other cryptocurrencies in recent weeks.
But these "warnings" aren't for the benefit of investors. They serve a more devious purpose.
Here's why Wall Street can't stop trashing Bitcoin...
This month's Bitcoin price crash was just another bump in the road, but the mainstream media once gain botched the job when it came to explaining what happened and what it meant.
Many stories declared that the Bitcoin "bubble" had burst, and that China's moves to restrict Bitcoin trading and IPOs were "the beginning of the end."
But as the Bitcoin price rebounded over the weekend, it became clear these obituaries were premature.
Here's what the mainstream media missed...
The sting of Bitcoin taxes await many a cryptocurrency investor next spring.
The 250%-plus gains in the Bitcoin price in 2017, not to mention the 2,900% increase in the price of Ethereum, have left many cryptocurrency investors with impressive windfalls.
Those gains are taxable and the IRS knows it. Investors only have until Dec. 31 to mitigate their tax bite.
August was a great month for Money Morning's list of the best cryptocurrencies to invest in. On average, the group gained a stunning 71%.
That means $10,000 invested in this select group on Aug. 1 would have grown to $17,100 by Aug. 31. Only one of the 12 cryptocurrencies on this list fell. Two more than doubled.
Here's a detailed rundown of how each crypto fared...
It's becoming increasingly clear that Coinbase will be the first Bitcoin stock.
The cryptocurrency wallet and exchange company recently landed $100 million in Series D venture capital. That brings the total invested in Coinbase to $217.2 million - the most of any Bitcoin startup.
But that's not the only reason Coinbase is a near-lock to become the first Bitcoin IPO.
Here's why the company is almost certain to go public within the next couple of years...
Most Bitcoin charts tell you where the price of the cryptocurrency has been, but this Bitcoin price chart tells you where it's going.
And it's going higher - exponentially higher.
This chart makes a Bitcoin price prediction of $10,000 by December 2018, $20,000 by the fall of 2019, and an eye-watering $100,000 by mid-2021.
These aren't just wild, blue-sky guesses, either. It'll make perfect sense when you see it.
The chart plots the Bitcoin price from 2011 to the present using a logarithmic scale. Although it deviates from the mean often (and sometimes dramatically), the price of Bitcoin shows a pattern that will take it to $100,000 in just over four years.
Take a look - and get ready to buy...
When a respected Wall Street analyst makes a five-year Bitcoin price prediction of $55,000, it's clear that it's not too late to buy the cryptocurrency.
After all, Bitcoin is up 350% in 2017 alone. But Bitcoin is not your typical asset. It's more like the Internet in 1995. The biggest gains are yet to come.
Now that a long-skeptical Wall Street is getting on board, these forecasts seem all the more plausible.
Here's why the Bitcoin price could still see 1,000% gains from here...
