The Bitcoin price rises to $50,000 in 2018 – A positive news flash away

Bitcoin recovered from a fast downtrend with a $5,800 low. The Bitmex CEO expects the most popular crypto currency to rise sharply in 2018.

Bitcoin profit rise of $600 within 5 hours

On Friday evening, Bitcoin profit experienced an unexpected rise in volume, allowing the Bitcoin profit to quickly recover from the $5,800 level. Bitcoin fell below $5,800 on Thursday and many expect further declines. Ran Neu Ner, host of CNBC Africa’s Crypto Trader Show, predicts a low of $5350 in the coming weeks. However, the recent rally catapulted Bitcoin towards $6,400 an ounce in a matter of hours.

Although one likes to see such a price rise, many had wondered what was the decisive reason. Looking at the news portals, there was no “big news” to justify such a pump. Some felt that this was due to the expiration of futures contracts. Many in the crypto community are still uncertain about Bitcoin’s future. Most are wondering what level Bitcoin could reach in 2018.

CEO of BitMEX about Bitcoin code:

Get up! High! High! Arthur Hayes, CEO of BitMEX*, the popular leveraged trading exchange, is still looking at the $50,000 per Bitcoin code in 2018. Read more on: Hayes, a former traditional asset manager and graduate of Wharton, has made a name for himself in the crypto currency industry. He recently made an appearance on CNBC Fast Money. During the show, Hayes stressed that despite the recent downtrend, Bitcoin could still reach new highs.

“Well, I think something that rises to $20,000 in a year can have a correction to about $6,000.”

During the interview, he clarified that Bitcoin is only “a positive regulatory decision away, possibly by a SEC-approved ETF, to reach the $20,000 or even $50,000 by the end of the year”.

While one would currently only dream of such values, leading analysts seem to agree that Bitcoin will reach new highs in 2018. Tom Lee of Fundstrat predicts a new high at $25,000 and also stresses that Bitcoin only needs ten days to reach new highs. Hayes has a similar view, stressing that the time span for strong price movements will be shortened.

“From 2013 to 2015, we went from $1,200 to $200. In the years 2015 to 2017 we reached 200 to 20,000 dollars. Well, we have already seen this kind of movement. I think the time span will shorten because you have a lot more people in the market who have invested capital and resources to trade this asset class.”

Increased liquidity and high interest rates were other factors that led Hayes to believe that “the time between an aggressive bear market and an aggressive bull market will shorten”. We are curious to see how the Bitcoin price will move, especially from the fourth quarter of 2018 onwards.

Bitcoin and Crypto Exchanges charge more for listing than NASDAQ

The world’s largest stock markets, such as the New York Stock Exchange (NYSE) and the Nasdaq, charge companies $225,000 to $300,000 for IPOs and an annual fee of $70,000. Bitcoin exchanges charge $500,000 to $1 million to list digital assets, which is a much simpler process than listing shares.

Crypto currency exchanges are good for the Bitcoin revolution

On the crypto currency market, ICOs are considered a gold mine for the Bitcoin revolution. High liquidity through the public market means that start-ups can raise millions to billions of dollars without having to restrict the sale of their tokens to authorised investors.

But the tokens also have to be traded on stock exchanges. A listing fee is required for a blockchain project to initiate a token sale and release the digital asset. Trading platforms often take a fee between $500,000 and $1 million, while others take payments in the form of tokens.

In an interview with Business Insider, Michael Jackson, a partner at New York venture capital firm Mangrove Partners, revealed that he had previously led an ICO project. When he tried to float his token on the stock exchange, he was asked to pay listing fees ranging from $50,000 to $1 million, depending on the size and liquidity of the exchange.

Based on the current structure of the crypto currency market, Jackson said that stock exchanges have significant influence on the market and projects are desperately trying to introduce their tokens to satisfy investors and generate large price gains.

“Basically, there are a lot of people who want to list their coins. The stock markets are where the liquidity is – where the money is – where the power is. Investors hope to make money with it. They have to be able to trade it, and many [ICOs] promise their investors what is somehow dangerous.”

Problem with the Bitcoin trader

The problem with the current structure of the Bitcoin trader market, as Binance CEO Changpeng Zhao stressed, is that both investors and blockchain projects seek massive short-term profits that benefit early investors and unload the tokens onto investors entering the project via public exchanges which is reported here:

To gain liquidity, projects are willing to pay a fee of more than $100 million, as in the case of Ripple to Coinbase, creating a bubble-like ecosystem in the token market.

Oliver Bussmann, the former CIO of UBS, who currently runs a consulting firm, explained that most ICOs are willing to pay several million dollars in fees to be listed on major exchanges such as Binance and Bithumb, typically resulting in two to five times the value of the token in the short term.

“If you’re preparing for an ICO, you need to prepare for a listing.” It is important to have access to liquidity. This means that the larger the exchange, the more effort and expense it takes to be listed.”

Counterfeit volumes for market manipulation
Roy Huang, co-founder of Fresco Network, the world’s first blockchain art asset network, recently announced that a top 30 crypto exchange has offered Fresco to use bots to generate fake volumes to artificially inflate the crypto currency.

Request Network – trading network of the future?

The Request Network is a decentralized peer-to-peer network, which as a payment system wants to declare war on other payment services like PayPal. It uses the new blockchain technologies for this purpose. Payments should become cheaper and more transparent with the crypto currency.

Request Network – What is

The Request Network Coin is an Ethereum based token. Read more about it here The main task of the token is to be incurred as a fee for payments over the network. The more complex the payments, the higher the fees could be. The fee for transactions should be between 0.05% and 0.5%. Parts of these fees paid to the network are to be burned, simply destroyed. How many depends on the amount currently circulating in the network. The crypto currency is therefore deflationary and should increase in value over time.

So you have to hold some REQ tokens on the Request Network Wallet to be able to make payments on the network. However, the token does not have to be the actual currency used in the payment process. In the course of the network development it is planned to add different crypto currencies, first of all Bitcoins and Ether, to the request network. Fiat currencies are also to be added. At the same time, the REQ coin is also to serve as an intermediate currency if different currencies are to be exchanged with each other.

The network is called “Request Network” because the payments are to be handled via a simple system of requests. The request for payment is sent via the blockchain without a third-party provider. The buyer can confirm the payment with a simple click. This system can also be used for online trading, billing from business to business or even the Internet of Things.

The advantage of this system is that the payer does not have to disclose any customer data. This is because the payer responds to the request from the person who wants to be paid. With standard payment services, it is rather the other way round. In addition, the blockchain eliminates the third-party provider who would also earn money with the payment, since it is a direct peer-to-peer exchange. Companies will be able to track and store invoices and payments on the blockchain. This will ensure transparency. The development team is also aiming for the REQ token to be used by governments and NGOs for everyday payments.

Request Network and the Ethereum code?

Basically, the network is a layer on the Ethereum code block chain. The platform itself consists of three layers: The core sits on the Ethereum blockchain, which is why in the future payments should also be possible with any ERC20 token. The core regulates the simplest types of payments. The “Extensions” layer takes care of advanced types of payments, which can include taxes, advances, deposits and more.

Developers can create new extensions for this layer to allow more types of payments. The last layer is the “Application” layer, which acts on the outside. Third-party programs can use it to communicate with the Reqest Network, carry information into the physical world, or interact with invoices.

The team consists of a total of 6 members. Gilles Fedak is one of the founders of and a consultant to the team. The team previously worked on Moneytis, a global money transfer platform. Actually, Moneytis had a monthly growth rate of 20%. However, the team preferred the Request Network development. While working on Moneytis, the team found that most of the money transfers were invoices, so they wanted to redirect to a platform that was better suited to paying invoices.

Reqest Network was founded by Christophe Lassuyt and Etienne Tatur. Lassuyt was a Finance Director at various companies in Switzerland, the USA, France and China. He is the speaker of the Paris Fintech Forum. Tatur created his first blockchain project, also known as Moneytis. He is the speaker of the International Money Transfer Conference in Miami, Blockchain France and Visa Europe. Chief developer is Vincent Rolland, who first worked on Moneytis.

To date, partnerships have been established with 0x and the Kyber network to enable cross-currency payments. In the future, the technologies Civic and Aragon will be used.