A healthy correction is sometimes needed to see another push in the price. Since $7500 has been hit and the next logical step is now $10000. It gonna be another historic one for bitcoin if we are going to hit it. But as of now, the price is back to $7300 after a roller coaster ride of $7500 earlier. But rest assured that we can get to $10000 sooner than we all expected.

I'm not surprised on the price of bitcoin because I know its achievable, what amazes me is how the rate this price is achieved. Its very fast and this pump, I don't know where the money is coming from. That's why is so unbelievable, marketcap is $200B. And at the rate of the increased price, maybe after the segwit2x, a price correction is needed so that we can really see the true value of bitcoin. Now it is really overvalued because of the pump. Let see though how things will go after the fork. If indeed a correction is needed for this rapid price increase.

Here is reasons that I can think of:

[1] Anticipation of Segwit2x in November 16.
[2] CME news
[3] Amazon rumor that they are going to accept bitcoin as mode of payment.

So this fresh of positive news really bring investors to get bitcoin and invest on it because the price can go to the moon later. And the more positive news, the more bitcoin price picks up. But just remember that we can't always go up, sometimes a healthy correction is needed. Just enjoy this massive bull run before it hits the break.

Correct, legit and worth a try is different. I think most of us have been gone claiming faucets before, specially when you are a newbie. But later when we gained experience and found other means to earn bitcoin, we moved out from faucet claiming because its a total waste of our time, and the effort you put just to earn a measly dollar is not worth it. Its not even can pay with your electricity bill getting 3 cents a day. It can gave you a good learning experience at the beginning, then shift to other methods later like signature campaigns and trading.

Go for it, just choose coins like ETH, LTC, XRP and XEM to name a few. Once this bitcoin pump burst traders will go back trading once again in the altcoin section. Its just irresistible not to go to bitcoin now because of the anticipation of Segwit2x. But once is done, those altcoins traders will dump it and go back to altcoin. So better get altcoins today when they are really in dip and this is the perfect opportunity to get them while they are very cheap and at a discount price. I already made my moved a few days ago and continue to buy in dips.

I totally agree with him that bitcoin today is for making money and its really based on purely speculation. But I don't think that its a bubble, and let say his argument is true, when it burst I think people will still buy bitcoin as used it as we may see it. So there is nothing to be afraid of. People has been pouring cash on the market to earn money. And its also a good investment of most of us. And as much as they call it a bubble that is waiting to be burst, people will still buy because FOMO is real and that bitcoin will hear to stay, bubble or not.

No really don't know. But if the rate of increase price continues then we may hit it. However, we don't run on a parabolic line, somewhere we may see a price correction that will pull the price down. We all love to see bitcoin touch $10000, but personally its not gonna be hit this year. Chances are in the early months of 2018, maybe you can touch it.


I have the same though. We are probably around $8000-$9000 at the end of the year. It will take a lot of money from new investors to really push $10000 this year. But whatever the price at the end of the year its gonna be huge and we should all celebrate New Year with a bang, thanks to bitcoin.

I don't know if SEC will approved bitcoin, they have already denied its petition, although they allow another review but I haven't seen any results yet.

I think no one can really dismissed what bitcoin has accomplished already. Its not turning heads and I'm sure that Wall Street personalities are secretly investing on it. Governments around the world is trying to ban it, but with no success. In matter of years bitcoin will leapfrog and no one can really doubt it, not even bankers or Wall Streets.

Its not comparable to 2013 in my opinion. This year alone bitcoin has risen to 700% alone, because of several factors, and one of it was Japan, in 2013 we don't have a full backing of a country, but today is kinda different. Maybe what we are seeing will somewhat put to a halt later, but with a nation backing it up, it will not crash as supposed to 2013. Its normal to see some minor corrections, but I don't see it crashing similar to 2013. And as long as investors has faith and trust in the ecosystem, it will continue to exist and grow despite experiencing price correction along the way.

1. Bitcoin
2. ETH
3. Monero

Obviously bitcoin is the best choice because the price is really taking up today. ETH because its of of the many stable altcoins, it may experience dumps along the way, but I believed that it will remain as the #1 altcoins for now. Monero, because people are finding it a good investment and this coins are very good specially if you really wants anonymity. Another coin in my radar is ETC, I think it will be pump before the end of the year.

My thoughts is that the rising price is due to Segwit2x. But after it, we may see the price going down again. But I do believed that maybe a stable price of $6500 can be seen after the dust have been settled. And then the price can pick up once more heading to $10000 at the end of the year. And as long as there are no news that will hugely impacted the price in the next months of so, I think the target price can be achieved. We all just wished that new bumps will occur so that we can see a bull run coming Christmas season.

And we don't want our money based on chances here. At least with trading, you have a high chance because you only put your money that you think you will give you a good yields. While in gambling, eventhough you think you are winning already, a sudden change of luck with their the tide against you. Plus as you gained experience in trading, the more chances that you are going to get a least a profit for your every investments.

Yes 2017 is the year when bitcoin gain popularity and the emerging millennials and previous generations has found bitcoin to be good for investments. Although there are problems that we have faced, bitcoin still rises. And its like watching a soap opera, lots of drama in the beginning, specially the debate on the scalability early this year, but its all part of our past now. Now the future looks bright heading for 2018. But we won't forgot how bitcoin manages and emerges in 2017.

There are already some who is offering their services like shirts to be payed in bitcoin. Just go search in our forum. However, as much as we like it to be accepted, it is still not the case so far. So the only options is to convert our bitcoins to our local fiat. Even bitcoin friendly countries haven't had a store that accepts bitcoin except for Japan.

We may have to wait for a couple of years before we can finally see bitcoin as universal payment. But for now that options seems so bleak, specially with the increasing price of today.

Oh well this is a welcoming news if indeed it is true. I think this is a great move since there are a lot of exchange or foreign students who are studying in most Asia region because the tuition is very cheap in there but the education standards are very high. I also hope that foreign students will take advantage of this kind of payment method, they don't need to bring USD or Euro in them, just a simple scan of their QR and they are done.

Yup and the only one that they can fool is themselves. They will tell others that they are on a winning roll however, if you look at it they are on the negatives. I have seen a lot of them already, claiming to be always the victor but its the other way  around. And as far as getting rid of gambling? Its impossible because its also ingrained to everyone. Its how you control yourself not to be addicted to it.

Yes mate, I can't really believed that we can go this far and we are still in 2017. Started this year with less than $1000 now its more than $6000, what can you still ask for bitcoin?

I'm also glad that I really go back into my bitcoin activity like trading, otherwise I will still looking ways to find extra money in online world. And so bitcoin is really a life saver and a blessing and we are still in its infancy stage. Maybe in 2-3 years, the price can also be doubled or tripled, making some of us millionaires then. So just keep on buying and holding on our bitcoins. 

I don't think that the article is correct, bitcoin has already been adopted in Japan and has been expanding eversince, what are you still expecting then? The problem is with the tourist, they don't know what bitcoin is so of course they will used their credit cards to pay and buy things in Japan. There are literally thousands of stores already accepting bitcoin as payment, there is no need for "expanding" it there.

Thanks for the heads up to the community.

Although I'm not a Xapo account holder, I think is becoming a common event now that there are a lot of phishing attempt or even a hack attempt that involves crypto so its really hard to protect ourselves from such attack. Use our common sense but sometimes its really hard to distinguished a attack from a legit email from exchanges. So I can only advise to be very careful and not to click on any links that we see specially in our email.

Younger Americans appear to be more interested in cryptocurrencies compared to other age groups.

That's according to the latest survey published by digital student loan servicer LendEDU, which asked roughly 1,000 U.S. citizens about ether and Ripple's XRP token at the end of October. The questions ranged from whether people had heard of ether and XRP to if they would invest in the cryptocurrencies.

According to the survey, 31.6 percent of respondents have heard of ethereum (with 18.2 percent planning to invest in it) while 22.2 percent have heard of XRP (with 14.8 percent intending to purchase some).

After breaking the results down by age, the data shows that roughly a third of respondents between the ages of 18 and 44 planned to invest in ether, while another third did not. The final third was uncertain.

A far smaller portion of adults aged 45 and up planned to invest in ethereum, with between 89–98 percent of respondents saying they were either not going to invest or were unsure.

The results of the research closely match LendEDU's previous survey, which instead took a focus on bitcoin. In that survey, the majority of respondents who had heard of bitcoin were also in the younger age ranges, while older respondents indicated less awareness of the cryptocurrency.

The latest survey also looked at initial coin offerings (ICOs), finding that roughly a quarter of respondents had heard of the blockchain funding model, while 75.1 percent had not. However, there was some uncertainty around the status of ICOs among even those who had heard of them.

https://www.coindesk.com/new-survey-confirms-younger-users-more-interested-in-crypto/