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BITCOIN PRICE: 4,449.60     HIGH: 4,761.00     LOW: 4,048.58

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Tag: prediction

U.S. Households Could Owe $25 Billion in Unpaid Crypto Taxes

Category: Altcoins, Bitcoin, Business, Ethereum, Finance, News, Regulation

U.S. Households Could Owe $25 Billion in Unpaid Crypto Taxes

In the last few months, there has been a significant increase in the attention being paid by tax agencies around the world to the cryptocurrency market. In 2017, the price of bitcoin and many other crypto species rose tremendously leading to renewed interest in the market and the potential tax implications. Similarly, in the United States, the IRS has been…

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Back of the Envelope Calculation Values Bitcoin at $29,000

Category: Bitcoin, Commentary, Finance, News

Back of the Envelope Calculation Values Bitcoin at $29,000

A recent back of the envelope calculation ended up valuing bitcoin at $ 29,000. Initially, the computation model calculated a ballpark figure of the virtual currency at $16,000. A more comprehensive approach supplied the $29,000 estimate. A back of the envelope prediction is an informal calculation that uses estimates to attain a figure. It is better than guessing but less…

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South Korean Researchers Predict Bitcoin Price Using Forum Data

Category: Bitcoin, Commentary, Finance, News

South Korean Researchers Predict Bitcoin Price Using Forum Data

An open access, peer-reviewed research paper published on May 12, 2017, by researchers from Korea University and Kangnam University in South Korea has explained a method for predicting the fluctuation in the bitcoin price and transactions based on user opinions posted on online forums. The paper, entitled “When Bitcoin encounters information in an online forum: Using text mining to analyze…

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