Cointelegraph asks its readers: What do you think the Bitcoin price will be in 2016? It’s getting fun again…if you’re into Bitcoin and roller coasters that is. The price has awoken from its year long lull and is looking bullish as Wedbush Securities has just raised its 12-month projection for the price of bitcoin from its previous June estimate of US$400 to US$600 over the next year. Now many are wondering if we will see a repeat of the infamous price run of late 2013. “2013 was the year investors started to invest volume in bitcoin and was the highest …
Cointelegraph once again reached out to a handful of crypto entrepreneurs regarding their experiences of starting a business in the cryptocurrency industry. In a follow-up to our previous article on “5 Don’ts for Bitcoin Startups,” here are the next six caveats that will help startups get off the ground in this volatile landscape. 1. Don’t Ignore Demand The most fundamental thing to consider when starting a business is to know whether your product or service is actually needed or whether it will be in demand sometime in the near future. This includes analyzing the market, knowing your target audience, and …