Bitcoin Forum

After Bitcoin reached a new all-time high in the evening of Wednesday, November 22, we can see a little pullback as the BTC price at the moment is slightly over $8,200. The fall is highly insignificant compared to the previous upward leaps. Besides, the buying pressure in the market does not decrease with the price growth.

After CME Group’s announcement, a huge number of investors turned their attention to Bitcoin, and many of them have already invested their funds in the cryptocurrency. According to Bitfury vice chairman George Kikvadze, “out of 30 investors he has met, 12 are in the process of investing in bitcoin, 10 plan to invest in bitcoin in the short-term, and eight remain undecided.”

The bullish trend seems overwhelming. With large-scale investors entering the market, the price is expected to grow even more by the end of the year. As reported by CNBC, Tom Lee, a Wall Street strategist, and co-founder of Fundstrat Global Advisors, anticipates the price will hit $11,500 in mid-2018.

The full article: https://coinidol.com/btc-price-bulls-overcoming-as-new-investors-join-market/

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I have been in this game for a long time now.  I don't see any concrete reason to disbelieve in the "astronomical" future of BTC.  Its a great sign that the real money players are starting to funnel funds into BTC.  The real players are those sitting in the background counting their coins from the "early days".  Its still not too late to join in now because the future looks bright.

From my point of view we are still in the very early adopter phase. When I talk to my colleagues and friends, no one is currently invested in Bitcoin. I do receive more and more inquiries though on how it works, what to watch out for etc. It is difficult to estimate how many people have joined the blockchain revolution, but I believe it is still less than 1% of the world population. Popular exchanges see new registrations soar month on month, I estimate 2018-2020 to be extremely bullish. 10,000 USD by the end of the year, I can’t even imagine where we are headed in 2018.

It is great that established institutions are starting to invest in bitcoin as well. Since bitcoin's value is basically only tied to the trust people place in the currency, it is great in my opinion that such players are entering the market: it is bound to help reduce the number of people who are undecided when it comes to cryptocurrencies.

At such a rate, people will start borrowing loans from banks to buy bitcoins. I am confident that large investors will lead to even the largest investor, once convinced that it is profitable and safe, many still shield his pyramid

Bitcoin Price: A Fall After Almost Beating The All-Time High

Despite the overall bullish trend, we may still see small pullbacks in the price of Bitcoin.

In the early morning of Friday, November 24, the CoinMarketCap chart showed us that BTC has almost reached its all-time high price of $8,300. However, shortly after that, we have seen a pullback to around $8,200.

Wall Street wolves are closely watching its rises and falls, sometimes still sceptical about it, but the mere fact that Wall Street considers Bitcoin can be called a victory. Wait till we see CME Group’s project at work.

As long as no catastrophe strikes the market, we might see the bullish trend in the market strengthening. According to Andrei Popescu, Vision-Driven Entrepreneur, Crypto and Blockchain Technology Investor/Evangelist, CEO of COSS VENTURES and Co-Founder of COSS.IO, “the key levels for heads up are $8,450 for the long side, as for the short side, it can be $8,100 and $7,900.”

The full article: https://coinidol.com/bitcoin-price-fall-after-almost-beating-all-time-high/

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I just hope people aren't deciding to invest after reading articles like this one. It can be right because Bitcoin is unpredictable and has been growing for so long that it might as well go up again, but the analysts have been expecting a correction for days. We just had something that looked like a double top but the price just doesn't want to go down.

Yeah, I know one other person who has anything in bitcoin and I’ve been telling people about it since fall 2010. Just one.  I do get asked, “do you think it is too late?”  I always say something like, it depends on what your return expectations are.