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an increase in the price of Bitcoin cash (BCH) was pumped/fake.
so that you find price increase fast in short time, a correction back from 2,000$ to 1,100$.
now price normally pumps/dump in a range 1,000$ to 2,000$ it is Normally(maybe because the increase of bitcoin make many invest in BTC more than BCH).
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Most of the users only know a few number of Altcoins (more than 10,000) and I think many only know names of your top 30 Altcoins.
BCH & ETH may reduce the number of Altcoins in future (many will invest in BTC or use BCH & ETH as Altcoins ).
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So the worldwide hype machine kicks in, money floods in, go to 20, 30, 40 K corrects back to 15 or 25K, or do you think we will see a deep correction soon back to say 7000 or something?
Long term I am 100K to 1 M all the way but interested to know your thoughts.
bitcoin price starts increasing from 2015 till today (Less than 500 days) which many bubbles take it before a huge crash. Price will increase with a small correction. we will wait until first 500 days end after that bitcoin will be either bubble or future money. example (Mortgage Crisis) |
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I don’t even hold that much bitcoin, but I keep on checking the price of BTC, and it is so so so close to $10k!
I am excited to see what happens at this price - I have a feeling a lot will change! Some for good, some not so good!
What does everyone think will happen when $10k is hit?
This is a huge bump, price increase more than 2,500$ in a week. Today it is more than 10,500$ no one thinks Bitcoin price will break 10,000$ By the end of 2017 till Satoshi himself. No one will know what will happens in future maybe 10,000$ is so cheap. |
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I am worried about losing my bitcoins on my computer, so I made .dat file and save it on my computer (safe place ).
1) if I made other copy of a wallet.dat file can use copy file to recover the lost bitcoins?
2) if number 1 right How can save my wallet and backup using one .dat file?
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"Bitcoin could be at $40,000 at the end of 2018. It easily could," Michael Novogratz says on CNBC's "Fast Money."
"Ethereum, which I think just touched $500 or is getting close, could be triple where it is as well," adds Novogratz, formerly a macro hedge fund manager at Fortress Investment Group.
But Novogratz doesn't recommend retail investors put any more than 1 to 3 percent of their net worth in cryptocurrencies, or wealthier investors to put more than 5 to 10 percent.
Soucre https://www.cnbc.com/2017/11/27/bitcoin-could-easily-reach-40000-by-the-end-of-2018-novogratz.html |
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The main reason is price people only interested in Bitcoin because the price of bitcoin increase fast that make many new people invest in bitcoin.
about your other ask the number of bitcoin less than 21 Million Because some users Hold bitcoins, lost wallets and die people make the number of bitcoin less than 21 Million.
about trading many use them bitcoin and hold other, POS all this make there and many bitcoins trading daily (500k BTC)
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ETH price Now is 477$. So we need about 500$ in less than 3 months (So hard to reach it).
in 2018 ETH price will bump because POS and need about 6-7 month to bump a lot (1,000$).
so price at 2018 may be 7,00$ and Yes invest in ETH is better and will gain a lot
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Banking institutions, law enforcement agencies, business leaders, Governments and many others call Bitcoin ‘illegal.’
But then - Why is the use of Bitcoin increasing?
why law enforcement agencies, business leaders, Governments and many others call Bitcoin ‘illegal.’ ?? because Bitcoin out of control, P2P, no ID needed, Global coin, can use it in Dark/Deep net, No one can track you [*] and Hackers use it (Darky use). But when upload your ID and some information can use bitcoin "legally" (get prepaid visa, verify PayPal, direct exchange from bank,....etc ) |
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Technical Indicators SignalsThe 100 SMA is above the longer-term 200 SMA to indicate that the path of least resistance is to the upside. The short-term moving average also lines up with the ascending trend line, adding to its strength as a floor around $8400. Stochastic has been indicating overbought conditions for quite some time, and so has RSI. This means that buyers are already feeling exhausted from the climb and might be looking to book profits soon. However, bitcoin price action at the start of this week suggests that more investors are rushing to reopen their positions after paring risk ahead of the Thanksgiving holidays. Market FactorsDollar weakness has carried on for the past few days as traders continued to adjust positions to account for the downbeat inflation outlook shared by Yellen and most FOMC policymakers. Read more http://www.newsbtc.com/2017/11/27/bitcoin-price-technical-analysis-11-27-2017-thanksgiving-rally-puts-10000-sight/ |
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it is first-time price increase without correction/crash.
price rise from 8,000$ to 9,300$ and keep increasing (more than 1,300)
maybe black Friday effect in price and next week can break 10,000 fast
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it only needs 1 day after your post to reach 9,000$ bitcoin increase fast (about 1,000$ in on day).
a crash is so hard in these month.
an increase can be fast (only need 1 day).
it is easy to get 10,000$ by the end of 2017.
my Speculation is 2/10/2017
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Bitcoin has officially hit the $9,000 mark today, as the massive user adoption from hedge funds, soon-to-be-released futures markets and further increases in the number of users.
Ironically, many on the /r/BitcoinMarkets subreddit expected the price to drop over the Thanksgiving weekend, in part due to US banks being closed. However, over the past week the price had shown strength, consolidating in the low $8,000s. Twice the price briefly dipped into the $7,800 range, but those dips were rapidly bought.
Apparently people didn’t merely take advantage of Black Friday to buy TVs and electronics, but also stocked up on Bitcoin. The price began trending up yesterday as the market began adding volume, and today broke the next major psychological hurdle of $9,000.
More to come?
Thought many mainstream finance pundits regard Bitcoin as a bubble, the market has not shown any signs of a so-called “blow off top,” meaning a sudden and major reversal is unlikely at the moment. Bubble cycles often end with a massive spike in prices that’s almost immediately followed by an even larger sell-off.
The next major hurdle, and arguably the largest psychological barrier of all, is $10,000. However, that may not be as hard to breach as one might think, considering that the combined price of Bitcoin and Bitcoin Cash already well exceeds $10,000. That is to say, anybody who owned Bitcoin prior to August 1 and didn’t sell their Bitcoin Cash is already enjoying prices in excess of the next major target.
Analysts such as the normally bearish Tom Lee, founder of Fundstrat, are turning bullish. Lee recently indicated that his near term price projection is $14,000. He explains away the brief dip that followed the cancellation of SegWit2x as a shaking out of weak hands. At press time, Bitcoin’s price on the GDAX exchange was $9,085. Source https://cointelegraph.com/news/bitcoin-crushes-9000-on-growing-signs-of-mainstream-adoption-wall-street-interest- |
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Bitcoin climbs more than 6 percent to a record high of $8,725.13, according to CoinDesk.
The largest bitcoin exchange in the U.S., Coinbase, added about 100,000 accounts around Thursday's Thanksgiving holiday, to a total of 13.1 million Friday, data shows.
The gains come ahead of the expected launch of bitcoin futures in the second week of December by the world's largest futures exchange, CME.
The digital currency climbed above $8,700 to a record high Saturday following increased investor interest around the U.S. Thanksgiving holiday and Black Friday shopping.
Bitcoin rose more than 6 percent to a record high of $8,725.13, according to CoinDesk, trading around $8,674 midday on Saturday. Another digital currency, ethereum, also hit an all-time high of $485.18, according to CoinMarketCap.
"The move appears to be retail driven," said Brian Kelly, a CNBC contributor and CEO of BKCM, which runs a digital assets strategy.
The largest bitcoin exchange in the U.S., Coinbase, added about 100,000 accounts between Wednesday and Friday — just around Thursday's Thanksgiving holiday — to a total of 13.1 million. That's according to public data available on Coinbase's website and historical records compiled by Alistair Milne, co-founder and chief investment officer of Altana Digital Currency Fund. Coinbase had about 4.9 million users last November, Milne's data showed.
Read more https://www.cnbc.com/2017/11/25/bitcoin-tops-8700-to-record-high-as-coinbase-adds-100000-users.html |
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total number of bitcoin less than 16 Million,
1) Most users only buy bitcoin and hold it.
2) many users collect many bitcoins and lost them wallet/password.
3) died users (no one can get them BTC).
all this make daily trading less than 1 Million (550$ BTC)
you can say total number now is 10 million
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yes, price keep increase more than 300$ so it is easy to break 9,000$ today or tomorrow. maybe this increase because India regulates Bitcoin. anyway, bitcoin does not need a reason to increase so let enjoy with free money. |
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I started trading without plan,realistic goal so that lost a lot of money.
so just hold bitcoins at 4/2017 and now I gain a lot of money.
so that hold is better and trading altcoin is risky but can fast money if success (check BCH )
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invest only with extra money which not worry if you lost it .
Economy say 30% is good invest for your extra money
200$ is not huge amount if you lost it so buy bitcoin and BCH and Buy/sell them when price up/down will gain fast
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bitcoin cash (BCH) start to proof it place as best alt for bitcoin and kicking ETH so hard .
less than 4 month and price increase more than 1000$ and now break 1,600$ not know what special with BCH but price talk and price make any one invest in it
so that goodbye for ETH and welcome BCH
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