Bitcoin Price Will Reach $10,000 in 6-10 Months: Billionaire Wall Street Mogul




Former Wall Street giant turned billionaire private investor Mike Novogratz would not be surprised to see bitcoin price hitting above $10,000 in early 2018.

Michael Novogratz, a retired Wall Street investor and noted cryptocurrency advocate who is starting a $500 million crypto hedge fund – with $150 million of his own money – was speaking to CNBC when he revealed he was an early investor in ‘bitcoin, ethereum and a lot of different ICOs.”

Asked to put an estimate on bitcoin’s value in the coming months and years, Novogratz prefaced his take by stating “the herd [is] coming”, referencing several institutional investors getting into bitcoin – a decentralized cryptocurrency traditionally popular with the everyday retail investor.

He went on to predict:

    “I’m pretty confident to say it’s going higher…It would not surprise me if in the next 6-10 months we are over $10,000.

Novogratz was asked if bitcoin’s value gains constituted a bubble, to which he replied in the affirmative while implying that isn’t necessarily a bad thing.

“Historically, manias or bubbles happen around things that fundamentally change the way we live. If it’s the railroad bubble or the internet bubble, it really changed the way we live,” he stated. “This blockchain revolution, this decentralized revolution, is going to change the way we live. We’ve gone from [it being] an experiment to implementing.”

He added:

    10 or 15 years from now, blockchain and decentralized systems will be everywhere. Yes, it’s a bubble, it’s going to be the great manias of all time…Bitcoin happens to the bellwether of this entire decentralized revolution. It’s the easiest way people can get exposure to it. Bitcoin probably runs the hardest. But things like Ethereum will be the public utility of this new space. We’ve split our bets and we’re betting on a lot of other ICOs as well.

Novogratz hasn’t been shy in making price predictions for cryptocurrencies. Earlier in June, the billionaire investor claimed the entire cryptocurrency marked cap could reach over $5 trillion in five years.


Source: https://www.cryptocoinsnews.com/bitcoin-price-scale-10000-6-10-months-billionaire-wall-street-investor/

39-Year Old Father-of-3 Sells Everything for Bitcoin, Waits for Boom Time

The price of bitcoin has experienced a roller coaster ride in 2017, but that hasn’t stopped one man from selling everything he owns, believing that the digital currency will make him rich.

The man in question is 39-year-old Didi Taihuttu. Speaking with the Business Insider, Taihuttu explained that this summer he and his wife made the decision to sell the family house, the car, a motorbike, electric bikes, clothing, shoes, and the children’s toys. Now he and his family live on a campsite in The Netherlands.

He explained the move by saying:

    People will say, ‘You’re crazy.’ But we are an adventurous family and are going to gamble for a moment to live minimalist lives. If you never take a risk, life is boring.

Prior to selling everything, he and his wife had returned from a nine-month world trip through Asia and Australia with their three daughters. He was also spurred on after losing his 61-year-old dad from cancer.

During their travels, Taihuttu encountered many people involved with bitcoin. However, while he claims to have first become involved with the digital currency in 2010, he said he lacks ‘experience in trading.’

That, however, hasn’t stopped him from jumping straight in at the deep end.

Taihuttu, along with a friend, initially set up a business to mint bitcoin, but when the coin’s value rose in 2013 they sold everything. In hindsight, Taihuttu realizes how much more he could have made if he’d held on to the coins.

    If I had known then that four years later it would have been 10 times more valuable, then of course I wouldn’t have sold everything. But then I thought: I have to make a profit.

It was shortly after when bitcoin’s value dropped that Taihuttu turned his attention to Dogecoin, which, at present, is currently ranked 55th on CoinMarketCap. With Dogecoin’s value rising Taihuttu realized that there was something going on in the market.

After selling their processions – they listed their home for 85 bitcoins, which is currently being negotiated with a buyer – they now live in a chalet on a campsite in The Netherlands. For now the family are embracing the minimalist lifestyle; however, Taihuttu hopes that by 2020 his wealth with bitcoin will be worth by three to four times as much.



Source: https://www.cryptocoinsnews.com/man-sells-everything-for-bitcoin-believes-it-will-make-him-rich/

Bitcoin Gamble: Man Sells Everything and Camps Out Waiting for Next Boom


Investing pros always say never to invest more than you can afford to lose, but 39-year-old Didi Taihuttu decided to go against the grain. He has sold everything he and his family own and stuck it all in Bitcoin. He is now living in a campsite on a small fortune in crypto waiting for it to reach the moon.

‘You’re crazy’

Taihuttu really has put his money where his mouth is in terms of his belief in Bitcoin as he sold not only his house and cars, but everything else, including electric bikes, motorbikes, clothes and shoes. Taihuttu even sold his children’s toys.

He’s now waiting it out at a campsite in Venlo, The Netherlands, expecting that Bitcoin will boom, making him substantially richer from the investment. Taihuttu said:

    "People will say, 'you're crazy.' But we are an adventurous family and are going to gamble for a moment to live minimalist lives. If you never take a risk, life is boring."

The Blockchain revolution

Taihuttu thinks that Bitcoin, cryptocurrencies, and the Blockchain technology they are based on will be the future and that they are revolutionizing money and banking. He said:

    "The Internet was a revolution for information. I think that Blockchain and Cryptocurrency are revolutionising the monetary system. In five years' time, everyone will say: 'We could have seen it coming.' I am responding to this change now."

Not the first time

Taihuttu has a history of major risk taking; this is not the first time he has sold it all and packed it in. In the summer of 2017 Taihuttu and his wife made the radical decision to sell everything in order to travel the world.

The couple has just returned from a nine month world trip through Asia and Australia with their three daughters. The Taihuttu's visits included Angkor Wat in Cambodia, swimming with dolphins near Brisbane and relaxing on the beach in Thailand.
Learning along the way

Taihuttu explains that it was on this trip that he started to hear more and more about cryptocurrencies, meeting people who were already invested in it and utilizing it to its fullest.

In Bali, he met a South African exchange trader who resigned after 17 years and went into crypto trading. And on the beach near Noosa in Queensland he spoke to someone from Dubai who was trading in Bitcoin. Taihuttu explains:

    "They are people who have a lot of experience in trading. That is what I am still lacking a little.”

Taihuttu himself has been "in the coins," as he says it, since 2010, when the currency was worth less than one euro.

    "I am an entrepreneur, so when I first heard about Bitcoin, I said: let's do this."



Source: https://cointelegraph.com/news/bitcoin-gamble-man-sells-everything-and-camps-out-waiting-for-next-boom

Bitcoin Price Slightly Corrects to $4,780 After Increasing by $530 in Three Days

After demonstrating a rapid surge in value in the past three days, the Bitcoin price has recorded a slight correction, decreasing from over $4,900 to $4,780.



Despite the correction, since October 8, within a span of three days, the Bitcoin price has increased from $4,450 to $4,780, sustaining strong upward momentum as a result of growing confidence from investors and traders over Bitcoin’s short and mid-term growth.

Possible Factors For Correction

The Bitcoin price has surged drastically over the past three days, from $4,450 to $4,980, recording a $530 increase. Normally, when the price of Bitcoin increases by over 10 percent, it tends to correct its short-term surge, providing a more stable platform to build momentum and achieve new highs.

In the upcoming days, the Bitcoin price will likely recover from its recent correction to above the $5,000 mark due to the upcoming SegWit2x hard fork in November.

Earlier this week, Bitcoin analyst and investor Tuur Demeester emphasized the decline in support of SegWit2x as a driving factor for the short-term price trend of Bitcoin. He noted that if more users, investors, the market, and businesses oppose the SegWit2x hard fork in November and the likelihood of the original Bitcoin blockchain remaining as the majority chain increases, the price of Bitcoin would likely surge in the short-term.

But, the rise in demand for Bitcoin can also be attributed to the hard fork execution of SegWit2x in November because in order for investors to obtain SegWit2x coins, which leading Bitcoin wallets and exchanges including Coinbase and Bitfinex will list as B2X, investors need to own Bitcoin prior to the SegWit2x fork.

While the replay protection implemented by the SegWit2x has been highly controversial–Jameson Lopp, the lead engineer for BitGo, went as far to describe it as a type of attack on Bitcoin–SegWit2x has implemented opt-in replay protection that would allow Bitcoin investors to be credited with SegWit2x coins or B2X tokens subsequent to the fork.

As Bitcoin developer and Paxos principal architect Jimmy Song explained:

“Segwit2x developers feel that they are going to be the majority chain after the hard fork. As such, they want all current wallets that exist in the Bitcoin ecosystem to be compatible with 2x and not require upgrades. That is, wallets and services won’t need to upgrade their software with opt-in replay protection. Their view is that strong replay protection would then cause a bigger split in the ecosystem than needs to be.”

In the short-term, the SegWit2x hard fork in November is beneficial for the price trend of Bitcoin because investors that either oppose or support the hard fork will still opt to purchase more Bitcoin for different reasons; investors that are confident the original Bitcoin blockchain would remain as the majority chain would invest in Bitcoin to hold the digital currency as it increases in value, while investors that are confident SegWit2x would evolve into a majority chain would also invest in Bitcoin to gain immediate access to SegWit2x coins after the fork.

Additionally, if the US, Japanese, and South Korean Bitcoin markets continue to demonstrate increase in demand for Bitcoin, and if the Russian government moves to licensing Bitcoin exchanges and regulating cryptocurrency trading activities as Russian President Vladimir Putin hinted this week, the price of Bitcoin could increase in the short-term.


Source: https://www.cryptocoinsnews.com/bitcoin-price-slightly-corrects-to-4780-after-increasing-by-530-in-three-days/

Bitcoin is so close to making a new record and it could be because it’s taking market share from its smaller cousins.

The largest cryptocurrency crossed $4,500 on Monday and is now hovering right below the $5,000 line. Behind the rally could be reports saying the Chinese government will ease recent regulations and that Goldman Sachs is exploring how it could help clients trade cryptocurrencies. Also, there’s yet another split -- a.k.a "hard fork" (or even two) -- looming, but that might be bullish as bitcoin rallied after the split into Bitcoin Cash earlier this year.



But it could also be that bitcoin is benefiting as investors are becoming wary of tokens sold in initial coin offerings -- maybe the Wu-Tang Coin, or Paris Hilton and Floyd Mayweather publicizing their ICO investments on social media was a bit much, and somebody losing $70,000 in one of those sales today adds to many other cautionary stories.

“There has been a rotation of money out of the lower-quality names and into bitcoin,” Ronnie Moas of Standpoint Research said in a message.

Bitcoin’s market capitalization as a percentage of all cryptocurrencies’ market cap of $155 billion has climbed to 52 percent, from a low of 38 percent in June, according to CoinMarketCap.



Source: https://www.bloomberg.com/news/articles/2017-10-11/bitcoin-re-taking-place-as-crypto-king-as-smaller-tokens-slide

Ultra-Rich Investor Trace Mayer Predicts Bitcoin Price Will Reach $27,395 in Just Four Months



Trace Mayer tweeted that he believes Bitcoin is currently undervalued, and that his target price for this coming February (only four months away) is $27,395 per Bitcoin. He bases this prediction on the steady increase of Bitcoin’s 200 day moving average. Mayer is extrapolating the rise of the 200 day moving average, assuming it will reach $5,767 by February. If this is the case, he asserts that a per-coin value of 4.75 times the moving average, or $27,395, would be a “fair” price.

    A good month of $BTC consolidation. 200 day moving average rising well. Next six months should be very interesting & fun. LedgerX! #NO2X 🚀 🐂 pic.twitter.com/Q1n3ns1myu
    — Trace Mayer (@TraceMayer) October 9, 2017

Who is he?

Trace Mayer, J.D., was one of the “first popular bloggers to publicly recommend Blockchain technology” according to his website. At the time, Mayer recommended that his followers purchase Bitcoin, the price per coin was just $0.25.

Like most Bitcoin early adopters, Mayer is extremely wealthy, having recently challenged Roger Ver to a 25,000 BTC wager. There are very few people in the world with enough juice to make $121 mln bets. In addition to his early adoption and recommendation of Bitcoin, Mayer provided seed money for Kraken, BitPay, and Armory.

On his website, Mayer describes himself as:

    “An entrepreneur, investor, journalist, monetary scientist and ardent defender of the freedom of speech. Trace Mayer holds degrees in accounting and law. He studied Austrian economics focusing on Murray Rothbard and Ludwig von Mises.”

Mayer has long been concerned with privacy and regulation, fearing that IRS action and AML/KYC laws could hamper growth and incentivize bad behavior.

Moving averages

Technical analysis is the art of trying to determine the future price movement of an asset based on its history. While many derisively claim that it’s merely a pseudoscience, others believe that technical analysis has its roots in human psychology. Analysts are clear to point out that their work is based on probability, thus it’s possible to say that the price will likely go up or down, but the unpredictability of the markets keeps it from being a certainty.

According to Investopedia, a moving average is:

    “A simple technical analysis tool that smooths out price data by creating a constantly updated average price...A moving average can help cut down the amount of ‘noise’ on a price chart...or act as support or resistance.”

The 200 day moving average that Mayer cites is simply the average price of Bitcoin over the last 200 days. Every day, the oldest day’s data is removed, the most recent day’s closing price is added, and the metric is recalculated. Because the 200 day moving average is weighted with such old price data, in a bull market it lags significantly behind the current price. The measure’s purpose is to show the general trend of price movement.

In Bitcoin’s case, the 200 day moving average continues to rise, indicating that we remain in a bull market (momentum is on the side of the bulls). Should the moving average falter, that would be a sign of weakness and possible reversal. The current price should remain within a certain range of the moving average. If the price goes too far above it, the gains are likely unsustainable.

Mayer is predicting that the 200 day moving average will continue to rise, and that Bitcoin will remain a reasonable level above the measure. Only time will tell if Mayer is right or wrong, but history certainly seems to be on his side. After all, I wouldn’t want to bet against a guy who has made at least $120 mln off Bitcoin’s growth.




Source: https://cointelegraph.com/news/ultra-rich-investor-trace-mayer-predicts-bitcoin-price-will-reach-27395-in-just-four-months

Laziness & Ignorance = Poverty!
Bitcoin may help reduce the world poverty but it will never kill all because some people can't even think for themselves to make anything good.
In order to wealthy you must have a plan - What you'll do today and what you'll do tomorrow... You have to work very hard for you to be successful.
Some people can't do that at all because they are very lazy or don't have the knowledge to. Tell me is bitcoin handing over free money to the people???

When I'm in desperate need of money I normally go and create video training/tutorials of something that a lot of people can't and sell it on the marketplace section of this community. Well, if you have no any other skill that you can create video course about, then you might think of joining a signature or bounty campaign where you get paid for your service here whether weekly or by the end of the ICO for bounty campaigns.

Wait till when? this is the question you should ask yourself. If we don't use bitcoin ourselves then who will? We must bitcoins first and show the world that we are using it - then the rest of the world will follow. Bitcoin is getting popular everyday because it has more features and advantages than fiat. Bitcoin gives freedom to the people because it puts people in control of their money while traditional banks tend to control everything.

Well, I think the best time to buy bitcoin is when people are panic and the price of bitcoin started dropping or when you know there is a price boost coming like right now - November's fork is changing everything. People are know buying bitcoin waiting for chain split to get Bitcoin Gold (BTG) for free. People know if they buy bitcoin now they will surely make profit after the fork when they sell their bitcoin Gold (BTG).

Bitcoin is here to stay my friend. No altcoin will kill bitcoin anytime soon.
People will forever trust bitcoin more than any altcoin out there because of it name, value, market cap, and benchmark.

Bitcoin help people get some extra income. When you don't have money to invest in bitcoin the only solution for is to invest your time and energy on this community in order to earn of coins whether through signature ads or bounty campaign, that's all you need. When you make some good amount of money then the best way to invest and make huge amount of profits is trading. Trading coins on exchanges might help you grow your life financially.  

If that is the case, I think the owners of original bitcoin (BTC) will get both BitcoinGold (BTG) and Segwit2x (B2X) for free after the hard fork of this November. Just like how people got Bitcoin Cash for free i guess... But isn't Segwit2x an upgrade to bitcoin core?

No country in the world than can kill bitcoin because it is decentralized, meaning it is the currency by the people for the people - if you know what I mean. Bitcoin will survive China and any other country that follow the same way of China. Bitcoin provide freedom to the people that is why people love it more than any currency out there. Bitcoin provide more privacy and security to the people, and with banks that is just a myth because banks gives no privacy, either freedom too. 

China cannot kill bitcoin for just banning cryptocurrency exchanges. it would take more than that to at least break bitcoin talk-less of destroying it.
Bitcoin now show the world what true decentralization means after China. Bitcoin is now fully recovered after all that happened with which, yet on the to set the new all-time high. I can't imagine how bitcoin price will be in the next 5-10 years, regardless of what other people are saying about bitcoin.  

Satoshi hide himself so many reasons for good, but I think the government know who is he by now because they must know, they have lot of great tools and very intelligent people working for them. Also for average people that are good, some of them know who the real satoshi is but they don't want share because of security seasons. this world is not as it might seems to be. you have to bury certain things in order to live peacefully if you invented something like bitcoin. 

Never mind Russia, with China itself we never had any serious effect on bitcoin and cryptocurrecy for long. Tell me now how do you think the Russia's actions will destroy bitcoin, huh? I think some people are just afraid and started thinking may be Russia's action will change the face of bitcoin which not going to happen. Bitcoin sets certain benchmark that no country in the world will destroy it because that's what true decentralization means e.g. China is the country with highest number of cryptocurrency investors - yet banned and bitcoin fully recovered like nothing happened in only less than 60 days. Russia too got nothing on bitcoin and all the rest of cryptocurrencies as well, trust me!

I think it is a good idea to use bitcoins for online games because bitcoin is a digital currency, fast and reliable. we must first treat bitcoin as a currency before the rest of the world will do the same. As you said it yourself, both video games and bitcoin share the same technology which is computer and internet. Now you see the connections yourself. I strongly advice you to use bitcoin for video gaming purposes whether making payments to play or receiving one, it is such a great idea.

Well for me, I personally take on bitcoin on social media sites such as Facebook, Twitter, Instagram and Pinterest. I'm connected to all my friends on social media, the ones that are close by and the ones that are living at the other side of the world. I spread words about bitcoin on how important it is to use bitcoin. Starting by what is bitcoin of course, how it works, and how to use bitcoins. Many of my friends, started asking me  immediately where to buy bitcoins and where to store bitcoins as well.   

Bitcoin Price Breaks $4,893 as Investors Lose Confidence in SegWit2x

Earlier today, on October 10, the Bitcoin price surpassed $4,893, demonstrating strong upward momentum and confidence from investors over the global Bitcoin market.



In a span of three days, since October 7, the Bitcoin price surged from $4,300 to $4,893, recording a staggering $593 increase in a relatively short period of time. But, most analysts have not expected the Bitcoin price to demonstrate such momentum and increase in demand from major markets such as Japan, the US, and South Korea, due to the SegWit2x hard fork scheduled for November.

SegWit2x: Businesses and Exchanges are Divided as Users Lose Confidence

This week, some of the largest Bitcoin wallet and cryptocurrency exchanges including Coinbase and Bitfinex have reaffirmed their stance on the upcoming SegWit2x hard fork. The Bitfinex development team revealed that it plans to utilize the moniker “B2X” to list the SegWit2x fork of Bitcoin upon the completion of its hard fork in November.

“We have elected to designate the Segwit2x fork as B2X, for now. The incumbent implementation will continue to trade as BTC even if the B2X chain has more hashing power. We are doing this for practical and operational reasons. Political considerations are irrelevant here. While we cannot change or re-assign ticker symbols, we can change the label or description associated with that ticker symbol. For the time being, BTC will continue to be labeled as ‘Bitcoin,’ and B2X will be labeled as ‘B2X,’” wrote the Bitfinex development team.

It is important to acknowledge the decision of Bitfinex and Coinbase to list the SegWit2x coin as B2X even if it has more hashing power upon its fork because investors and traders will likely remain on the legacy chain or the original Bitcoin blockchain. Bitfinex and Coinbase have taken the appropriate approach in allowing the market to decide which form of Bitcoin evolves into the majority chain. At the current stage, it is highly likely that the legacy chain will remain as the majority blockchain after the hard fork.

In November, the market, investors, and users will decide which Bitcoin blockchain will be referred to as “Bitcoin” and “BTC.” Under normal circumstances, in weeks and months ahead of a highly contentious hard fork like SegWit2x, the price of Bitcoin should struggle to recover beyond its previous highs and secure upward momentum. But, recently, it has been the exact opposite. The Bitcoin price has surpassed $4,893, quickly approaching its all-time high established prior to the ban on cryptocurrency exchanges by the Chinese government.

Market’s Confidence and Bitcoin Price Surge Demonstrates Lack of Support For SegWit2x

Despite the upcoming hard fork, the Bitcoin price is increasing at a rapid rate and trading activities in major regions such as Japan and the US are also growing exponentially. As Cryptocoinsnews previously reported, Bitcoin analyst and investor Tuur Demeester noted that the Bitcoin price has a chance of achieving the interim target of $5,000 if SegWit2x turns out to be a minority fork.

“The charts need to confirm, but if the Bitcoin 2X hard fork turns out to be a nothingburger, it could provide tailwinds for a rally and $5,000,” explained Demeester.

So far, the market has demonstrated that SegWit2x hard fork would likely turn out to be a “nothingburger,” as Demeester emphasized.


Source: https://www.cryptocoinsnews.com/bitcoin-price-breaks-4893-as-investors-lose-confidence-in-segwit2x/