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Title: bitcoin reaches new record highs Post by: CarlosRiv on December 03, 2017, 09:26:38 PM This morning, the price of bitcoin rose to 11,400.8 USD on the Hong Kong exchange Bitfinex. This marks a new all-time high for bitcoin and an increase in its price by a factor of more than 10 since the beginning of 2017.
Many experts claim that this growth is the result of reduced hype surrounding the US dollar. They believe that this is more a case of the dollar depreciating than the price of bitcoin rising. Crypto-analysts claim that the US Federal Reserve has printed so much money in the last 10 – 20 years that not even the regulator actually knows how much USD is in circulation around the globe. At the end of 2008, the Fed announced they had opted for a “printing press” cure to the crisis as the first round of the regulator’s asset-purchasing program got underway. No one knows the current value of the M3 money supply in the US. Some members of Congress are long-time critics of the Fed and blame the regulator for turning the dollar into a bubble with no real backing. I agree with this assessment. If you look at the Federal Reserve’s economic projections over the last 5- 6 years, you’ll find that they almost always miss the mark. It’s important to understand that the Fed’s main role is to regulate money supply (by forming monetary policy) to support economic growth (low unemployment and 2% annual inflation). The question is how can the money supply be efficiently controlled when the Fed itself doesn’t know how much money is in circulation (as I’ve stated above, this relates to the M3 money supply)? This is exactly why the Fed’s economic forecasts have been off for the last 10 years as well as why they’ve been unable to adequately conduct monetary policy. In other words, the Fed has become less efficient at its job and the supply of dollars has slipped form their control. Crypto-analysts claim that during the next US crisis, not only will global investors shift towards cryptocurrencies (i.e. the dollar will lose its status as a safe haven and become a high-risk, unreliable asset), but American citizens will also look to exchange their dollars for crypto, bringing about a total collapse of the US dollar. Crypto-analysts claim that with the collapse of the dollar, bitcoin will cost somewhere between 1 and 5 million USD. At the time of writing this review, bitcoin is trading at 11,400.8 USD with a market cap of 162.22bn USD. Source: https://alpari.com/en/analytics/reviews/cryptocurrencies/23222_27112017/ Title: Re: bitcoin reaches new record highs Post by: capt.khannaa@gmail.com on December 04, 2017, 09:34:19 PM I think bitcoin became the most popular cryptocurrency because it was the first ever cryptocurrency to be established and the others were just inspired by this establishment of bitcoin. Also when entering into the cryptocurrency world, the first you will encounter will be bitcoin. It is already used in worldwide transactions and plays many functions that makes it more popular into the society especially to the people
Title: Re: bitcoin reaches new record highs Post by: cluend on December 05, 2017, 11:56:18 AM This morning, the price of bitcoin rose to 11,400.8 USD on the Hong Kong exchange Bitfinex. This marks a new all-time high for bitcoin and an increase in its price by a factor of more than 10 since the beginning of 2017. Many experts claim that this growth is the result of reduced hype surrounding the US dollar. They believe that this is more a case of the dollar depreciating than the price of bitcoin rising. Crypto-analysts claim that the US Federal Reserve has printed so much money in the last 10 – 20 years that not even the regulator actually knows how much USD is in circulation around the globe. At the end of 2008, the Fed announced they had opted for a “printing press” cure to the crisis as the first round of the regulator’s asset-purchasing program got underway. No one knows the current value of the M3 money supply in the US. Some members of Congress are long-time critics of the Fed and blame the regulator for turning the dollar into a bubble with no real backing. I agree with this assessment. If you look at the Federal Reserve’s economic projections over the last 5- 6 years, you’ll find that they almost always miss the mark. It’s important to understand that the Fed’s main role is to regulate money supply (by forming monetary policy) to support economic growth (low unemployment and 2% annual inflation). The question is how can the money supply be efficiently controlled when the Fed itself doesn’t know how much money is in circulation (as I’ve stated above, this relates to the M3 money supply)? This is exactly why the Fed’s economic forecasts have been off for the last 10 years as well as why they’ve been unable to adequately conduct monetary policy. In other words, the Fed has become less efficient at its job and the supply of dollars has slipped form their control. Crypto-analysts claim that during the next US crisis, not only will global investors shift towards cryptocurrencies (i.e. the dollar will lose its status as a safe haven and become a high-risk, unreliable asset), but American citizens will also look to exchange their dollars for crypto, bringing about a total collapse of the US dollar. Crypto-analysts claim that with the collapse of the dollar, bitcoin will cost somewhere between 1 and 5 million USD. At the time of writing this review, bitcoin is trading at 11,400.8 USD with a market cap of 162.22bn USD. Source: https://alpari.com/en/analytics/reviews/cryptocurrencies/23222_27112017/ Hong Kong , Tokyo and other Asia country have high demand and most bitcoin users from that countries [check what happen after 2x and how they spam bitcoin network] price will keep pumping Title: Re: bitcoin reaches new record highs Post by: joinfree on December 05, 2017, 10:19:38 PM I dont know why the price in Hong Kong and in other countries the price is always very cheap, or super high, it is a very weird thing.
Maybe the supply and the demand in there is much more active than in the order countries like the ones in where we live on. But it will keep increasing, but we touched a new all time high today, in all the exchanges, not just in the ones from hong kong. The price touched $12,000, not $11,400 just like you are saying, this is going to be huge mate. When it will drop? no one knows yet. Title: Re: bitcoin reaches new record highs Post by: magneto on December 05, 2017, 10:28:10 PM This morning, the price of bitcoin rose to 11,400.8 USD on the Hong Kong exchange Bitfinex. This marks a new all-time high for bitcoin and an increase in its price by a factor of more than 10 since the beginning of 2017. Many experts claim that this growth is the result of reduced hype surrounding the US dollar. They believe that this is more a case of the dollar depreciating than the price of bitcoin rising. Crypto-analysts claim that the US Federal Reserve has printed so much money in the last 10 – 20 years that not even the regulator actually knows how much USD is in circulation around the globe. At the end of 2008, the Fed announced they had opted for a “printing press” cure to the crisis as the first round of the regulator’s asset-purchasing program got underway. No one knows the current value of the M3 money supply in the US. Some members of Congress are long-time critics of the Fed and blame the regulator for turning the dollar into a bubble with no real backing. I agree with this assessment. If you look at the Federal Reserve’s economic projections over the last 5- 6 years, you’ll find that they almost always miss the mark. It’s important to understand that the Fed’s main role is to regulate money supply (by forming monetary policy) to support economic growth (low unemployment and 2% annual inflation). The question is how can the money supply be efficiently controlled when the Fed itself doesn’t know how much money is in circulation (as I’ve stated above, this relates to the M3 money supply)? This is exactly why the Fed’s economic forecasts have been off for the last 10 years as well as why they’ve been unable to adequately conduct monetary policy. In other words, the Fed has become less efficient at its job and the supply of dollars has slipped form their control. Crypto-analysts claim that during the next US crisis, not only will global investors shift towards cryptocurrencies (i.e. the dollar will lose its status as a safe haven and become a high-risk, unreliable asset), but American citizens will also look to exchange their dollars for crypto, bringing about a total collapse of the US dollar. Crypto-analysts claim that with the collapse of the dollar, bitcoin will cost somewhere between 1 and 5 million USD. At the time of writing this review, bitcoin is trading at 11,400.8 USD with a market cap of 162.22bn USD. Source: https://alpari.com/en/analytics/reviews/cryptocurrencies/23222_27112017/ We've now just hit the 200 billion mark for bitcointalk capitalisation. This 200 billion mark not a long while ago represented the entire cryptocurrency market capitalisation and it's really good to see bitcointalk gain back ground from shitcoins. I expect records to continue to tumble until at least the end of the year. Thing is though the markets are crazy right now. We have absolutely no idea if it's going to fall down any time, and if yes, when this is. |