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What the hell just happened just now when BTC prices went up $1000?
$30b just came into the market suddenly.
Can anyone give me a reasonable explanation for these CANDLES!!!!
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I would say its almost impossible for bitcoin to go back below $5000 for that matter.
Sharks and huge investors are eyeing bitcoin already and they will just snap it up the moment it hits a low threshold (ATL in 200 days)
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Bitcoin is the only way to have quick transactions globally and is a common store of value for everyone such as gold in physical world
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Absolutely it is still a good time to buy Crypto esp since the market prices are low atm. Think of it as "half priced discounted BTC"
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Long term investing definitely is superior because you can guarantee gains and make the most out of the rise of cryptocurrencies once stability occurs.
I expect 5- 10 years time everyone will use Crypto for money and thats when prices have stabilised so much already.
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I think India is one of the largest opportunities for Crypto to grow in...
It will also allow people to use their money through the digital space and while they travel.
It will be hard to see this adoption if the government is clamping down on it
however there are some exchanges like Bit India who are disrupting the space.
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Oneday Cryptocurrencies will be a better form of asset class than money itself.
That is why you should invest more than 5% of your total assets. Because everything else in the economy is currently in a big bubble. including Housing Markets
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Lightning network Bitcoin is here to dominate. Already Bitcoin transaction speeds have drastically improved ...3000 unconfirmed transactions compared to 300-400k just three months ago
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Since Jan and Feb of this year. U have been given a great gift by the gods to buy Bitcoin at a very very low price. Once this year matures we will see the crypto craze hit all time levels. Prepare yourself for the next 13% of the population ...and the early adoption phase
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Banks ought to be scared considering what blockchain and crypto does to them. We no longer need banks. In the future we can borrow money through crypto and pay for everything using crypto
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http://astrohacker.com/ahc/bitcoin-is-the-economic-singularity/After reading this, the scale of black market and digital economies and the effect Bitcoin will have on them I am pretty certain we are going to be very wealthy men -- even with a sum as small as 10 Bitcoins. It's just so hard to believe. We are only in the beginning storms with these significant rallies from 10 to 20 dollars. I will not be surprised to see prices from hundreds to thousands in the coming months. The world just isn't going to be the same and we have been blessed as the pioneers. What are you going to do with your Bitcoin wealth once your coins hit upwards of $10,000 a pop? Its funny when i read this quote and Bitcoin was selling from $10-20 dollars. Yes you're right. You truly are the global elite now... and very wealthy because of buying Bitcoin back then. Sigh i wish i had bought some |
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Buy Onions now while theyre cheap everyone. Not going to get such good prices ever again for the rest of the year! I can guarantee that.
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It's not really greedy people. You need to understand that the price is actually what PEOPLE are willing to buy BTC for.
The reason it hasnt reached 100k yet is because the use case is not as much but its like a self fulfilling prophecy. The more people who want higher prices, the more they buy at current prices, the more current prices go up based on simple demand and supply. And as a result the more applications and attention BTC gets, thereby bringing in new waves of people at every iteration of the positive feedback loop.
It's not about greed as much as how people think. Right now BTC is not even touching mass market investment. Once the 13% starts buying BTC like its no tomorrow. We will see the true price changes and even then they are not buying for greed as much as buying into the money of the future.
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Bitcoin is entering the third innings of its historical rise to global acceptance.
It's attractive to everyone know because it is basically the new money
However it is still in its infancy compared to where it should be if it replaced all global money and assets.
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Its neither, bitcoin is supposed to change the global paradigm of stored value.
A commodity is a resource that can be sold and bought for expected gains/loss in the future.
A currency is a transactional tool for goods and services and is a store of wealth, albeit fixed.
Since Bitcoin is still in its growing pre-pubescent stages, its temperamental and subject to wild price swings. However if you look at every exchange, it always has BTC as a medium to buy alt currencies, in a sense it is already being used as a currency.
As for a commodity, we view it as one, and temporarily it is being treated like one, but in reality it is not. Oneday will be $1million a piece, its price will vary about 1-2% p.a. and people will use it as the fundamental store of wealth in a new digital economy.
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Bitcoin put in the right hands will allow the concentration of power in those who are worthy. Those who see the best in humanity and strives to turn the most corrupt, the most evil and the worst of mankind into people who care for fellow man and are willing to sacrifice to improve the lives of others.
Bitcoin is a restructuring of the global elite, and with that power, the new elite have a choice on whether to improve the world or make it even worse from how it is now.
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Peoples gotta stop worrying about how how the Market cap is and whether Bitcoin is dominating or not. If bitcoin does well all cryptocurrencies do well. It's as simple as that  |
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My prediction is that Bitcoin will move up but while it moves up smaller alts will move up at a much faster rate. Bitcoin will continue to be the yardstick for most crypto currencies and will continue to be like the USD of real world currencies.
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