It is good idea to invest in bitcoin for a long term, but the way bitcoin value was growing recently i don't think that is what matters. If you look at the recent bitcoin growth in November - bitcoin value grows with about 100% in just only one month which is November 2017. Bitcoin is currently growing in lightening speed for which no one can predict what will happen tomorrow. Therefore, whenever you fell like cashing out because you've made enough profit go ahead and do so and if you want to make more you can keep holding your bitcoins.  

The easiest way to make bitcoin is by selling digital product through marketplace section on this community.
If you have no skills or idea on how to make digital product, then you should try joining signature or bounty campaign.

John McAfee Bullish on Bitcoin Price Reaching $1 Million by 2020

Cybersecurity pioneer and eclectic personality John McAfee raised his 2020 bitcoin price target to $1 million, and his bet will undoubtedly leave even the most ardent bitcoin skeptic praying that he’s right.

McAfee, who joined MGT Capital Investments as chief cybersecurity visionary right as the firm was making its transition into the blockchain space, tweeted that he will eat his d**k if the bitcoin price does not reach $1 million by the end of 2020.

    "When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong. pic.twitter.com/WVx3E71nyD

    — John McAfee (@officialmcafee) November 29, 2017

The former Libertarian presidential candidate and onetime fugitive had previously predicted that the bitcoin price would end the decade at $500,000 — and had made the same promise — but he stated that this forecast was predicated on the assumption that bitcoin would rise to $5,000 during 2017.

However, bitcoin has vastly outperformed that prediction, and just this week it rose past $11,000 during a period of intense volatility. Consequently, McAfee feels confident that bitcoin will reach $1 million during the same period — confident enough to bet his manhood on it.

However, Vinny Lingham, CEO of Civic, raised an important question: “BTC or BCH?” In recent months, McAfee has emerged as a strong supporter of bitcoin cash, and he has stated that he believes BTC and BCH will ultimately fight a war for the “Bitcoin” name. However, McAfee — as he often does — declined to give a direct answer. “Stop it now. Use your head,” he retorted, adding that “Bitcoin can reach a million and still not be dominant. Did all of you get hit in the head as a child?”

Craig Wright, however, posited that McAfee was referring to the combined value of bitcoin and its forks. “Bitcoin from John is BTC + BCH. I think people are missing this,” he said.

At the time of writing, the bitcoin price was trading at $9,250 on Bitfinex following a steep decline from Wednesday’s high of $11,441. It is unclear whether this is a temporary retrace or the beginning of a new bear cycle. Either way, given the graphic nature of McAfee’s bitcoin bet, it is likely that even the most vociferous bitcoin skeptics now harbor a secret hope that the so-called “speculative bubble” will expand to $1 million — at least temporarily — before it pops.


Source: https://www.cryptocoinsnews.com/john-mcafees-1-million-bitcoin-price-bet-leaves-even-the-most-ardent-bitcoin-opponents-praying-that-hes-right/

$51 Billion CME to Enable Bitcoin Futures Trading by December 18

CME Group, the $51 billion US-based financial institution and the world’s largest options exchange, is set to finalize the integration of its bitcoin futures exchange by December 17, and open bitcoin futures for trading by December 18.


CME Receives Approval From CFTC

In an official announcement, Terry Duffy, CME Group Chairman and CEO, revealed the company has received the approval from the US Commodities and Futures Trading Commission (CFTC) to list bitcoin futures and provide infrastructure around bitcoin options, derivatives, and futures contracts.

In the first few weeks of operation, traders on CME’s bitcoin futures exchange will be limited to initiating trades with an initial margin of 35 percent. Various risk management tools have been implemented onto CME’s bitcoin futures trading platform, given that it is a strictly regulated exchange overseen by the CFTC.

Duffy stated:

“Though we have worked through a lengthy, comprehensive process with the CFTC to get to this point, we recognize bitcoin is a new, uncharted market that will continue to evolve, requiring continued collaboration with the Commission and our clients going forward. At launch, our new Bitcoin futures contract will be subject to a variety of risk management tools, including an initial margin of 35 percent, position and intraday price limits, and a number of other risk and credit controls that CME Group offers on all of its products.”

The CME bitcoin futures platform rely on the CME CF Bitcoin Reference Rate (BRR) to obtain the global average price of bitcoin based on Bitstamp, GDAX, itBit and Kraken. These four cryptocurrency exchanges are well-regulated within the US and Europe, and are fully compliant with the regulatory frameworks established by respective governments within the two regions.


CME’s Impact on Bitcoin’s Mid-Term Growth

On November 14, CCN reported that the UK-based $100 billion hedge fund Man Group has announced its official plans to invest in bitcoin and commit to the bitcoin market upon the completion of CME’s bitcoin futures exchange launch.

Man Group CEO Luke Ellis told Reuters:

   “Conceptually digital currencies are an interesting thing. It’s not part of our investment universe today – it could be. If there is a CME future on bitcoin, it would be.”

Large-scale hedge funds with a market valuation of over $10 billion typically have a minimum investment threshold in the range of $300 to $500 million. Hence, if large-scale hedge funds like Man Group invest in the bitcoin market, tens of billions of dollars in institutional money will flow into bitcoin, increasing liquidity of the digital currency.

Ellis and executives of other major hedge funds such as Fidelity Investments, a US-based investment firm with $3.23 trillion assets under management, have expressed optimism in regards to the decentralized structure of bitcoin and its transparent nature which enables it to operate as a robust store of value and a fair monetary system.

“There is a big difference between a digital currency and a traditional currency…Traditional ones are supported by governments who have armies and tax men that can make people follow their rules, and digital ones don‘t. But that doesn’t invalidate digital currencies at all,” said Ellis.

As large sums of institutional money flow into the bitcoin market and companies within the traditional finance sector continues to adopt bitcoin, in the mid to long-term, the mainstream adoption of bitcoin will inevitably surge at an exponential rate. 


Source: https://www.cryptocoinsnews.com/51-billion-cme-enable-bitcoin-futures-trading-december-18/

Billionaire Investor Carl Icahn Weights in on Bitcoin: “Seems Like a Bubble”

Recently, bitcoin hit a new all-time high above $11,000 before its price corrected, and subsequently started clawing back to $10,000. At press time, according to data from CoinMarketCap, bitcoin is back above $11,000, trading at $11,179. The cryptocurrency’s advances, as well as its intense volatility, led various prominent Wall Street personalities to weight in on the cryptocurrency, including business magnate and investor Carl Icahn.

While speaking to CNBC, Icahn, the founder of Icahn Enterprises, recently admitted that he doesn’t understand much about bitcoin, and added that to him it “seems like a bubble,” specifically reminding him of a bubble involving swampland in Mississippi.

After stressing that he “just doesn’t get” the enthusiasm behind bitcoin and other cryptocurrencies, he compared it to the 18th-century land bubble, stating:

    “If you read history books about all these bubbles, like in Mississippi — where John Law went around selling all this land in Mississippi that was sort of worthless and the French were going crazy giving him all this money. And then one night it all blew up … to me, this is what this is.”

The famous Mississippi Bubble, brought by Scottish adventurer and economist John Law, essentially consisted of him being granted authority to open up a company to manage trade in the French’s territorial claims near the Mississippi River. To fund the venture he issued paper shares to investors, who under the “lure of gold and silver” eagerly bought these shares, leading to a 1,900% increase in under a year, according to historian Jon Moen at the University of Mississippi.

Per Moen, many turned into millionaires at the time, but things went south when people realized much of the lands were just worthless swamps. Icahn’s comparison suggests that same thing will happen to bitcoin, which is up over 1,000% year-to-date, once people no longer see value in it.

What it neglects, however, is that the cryptocurrency’s growth has been accompanied by a surge in its adoption, popularity and userbase. Coinbase, the largest U.S.-based cryptocurrency exchange, added 100,00 new users in a single day last month.

Icahn added:

    “I got to tell you honestly, I don’t understand it. I’m the last guy — I just don’t get it. I just stay out of something if I don’t understand it.”

Recently other prominent financial big shots bashed the cryptocurrency as well. Goldman Sachs CEO Lloyd Blankfein recently derided the cryptocurrency as a “vehicle to perpetrate fraud,” while Nobel Prize-winning economist Joseph Stiglitz claimed that bitcoin “ought to be outlawed.”


Source: https://www.cryptocoinsnews.com/billionaire-investor-carl-icahn-weights-bitcoin-seems-like-bubble/

$11,874: Bitcoin Price Achieves New All-Time High, But It is Only the Beginning

Earlier today, on December 3, the bitcoin price achieved a new all-time high at $11,874, for the third time this week, after its full recovery from the previous major price correction.

Analyst: Bitcoin’s $10,000 Doesn’t Reflect its True Value

Miguel Cuneta, the co-founder at Satoshi Citadel, a major cryptocurrency-focused investment firm in the Philippines which operates some of the country’s largest bitcoin brokerates and remittance apps such as BuyBitcoin and Rebit, stated that the $10,000 hype was generated by the media earlier this month. Moments after the bitcoin price surpassed $11,000, it dropped to $9,000, and almost immediately after, the mainstream media was eager to publish a series of articles on the next bitcoin crash.

“News outlets haven’t even had 24 hours to let the ‘10k’ news simmer and it already went up to $11,500. By the time they published the ‘11K’ piece, it already dropped to $9,000. As soon as they entered the last word on their ‘Bitcoin is crashing!’ article, it’s back at $11,000 per BTC,” wrote Cuneta.

With the price of bitcoin nearly at $12,000, bitcoin is now the world’s sixth most valuable circulating currency in the world, within eight years since its launch in 2009. Hence, while the majority of mainstream media outlets and analysts in the traditional finance sector are fixated on the short-term price trend of bitcoin, Cuneta explained that bitcoin will likely become much larger than most can imagine, as it goes about separating money and state.

“So, we could be watching one of the biggest financial bubbles in history unfold with this cryptocurrency mania. Yet on the other side of the coin, there is also the non-trivial possibility that we are witnessing something remarkable happening before our very eyes — the return of the separation of cash and state,” Cuneta noted.

Currently, bitcoin is a robust store of value and an alternative to traditional assets like gold. But, with efficient scaling and widespread adoption, in the upcoming years, bitcoin will likely compete against reserve currencies and government-issued money.
Long-Term Future Beyond $12,000

Bitcoin has surpassed the $11,000 mark and is expected to surpass $12,000 within December, given the entrance of institutional investors and tens of billions of dollars in capital. As institutional money flows into the bitcoin market through bitcoin futures, the $165 billion market cap of bitcoin will increase rapidly, providing more liquidity.

The network effect of bitcoin and the dominance of the cryptocurrency will continue to attract more investors in the global finance market to bitcoin. As Cuneta added:

“Over one third of a trillion dollars. That’s the total amount of cryptocurrencies in the world. $165 Billion belongs to Bitcoin alone, which just shows how dominant network effects can be. Because of Bitcoin technology, the power to create money was granted to every human being on earth and taken away from kings, oligarchs, and governments.”

For this particular reason, several respected investors within the cryptocurrency space have expressed their optimism towards bitcoin price reaching $45,000 by the end of 2018, achieving a $1 trillion market cap.


Source: https://www.cryptocoinsnews.com/11874-bitcoin-price-achieves-new-time-high-beginning/

Investing means buying and holding bitcoin waiting for the time for bitcoin to add more value and sell for profit.
Trading means trading your bitcoins for profitable altcoins; with trading you don't depend on bitcoin alone but other altcoins too.

The best time to invest in bitcoin is the time when there is a bitcoin price dip usually during market correction.
When there is a market correction the value of bitcoin tend to go down and that is the best for people to invest and make profit later.

Well, it is proven now that bitcoin is now more profitable than saving money in the bank, or investing real estate or gold.
Bitcoin value is growing in lightening speed as it gained over 1,000% increase in value this year alone 2017.
Can't wait to see how value of bitcoin will grow next year 2018 - I know the value of bitcoin will grow even much higher.

Let me explain you what is bitcoin the kids way:
Bitcoin is digital currency that is fast, secure, decentralized, and acceptable worldwide.
Bitcoin network is peer-to-peer similar to bittorrent, the network operates on thousands of nodes across the globe owned by individuals.  

There are few ways to make bitcoin transaction completely anonymous. The first one is using the bitcoin mixer service; it mixes many bitcoin transactions at once and eliminate the transaction metadata footprint. The second one is bitcoin mining when you mined bitcoin it is completely anonymous it up to you to use it wisely. The last one is exchanging your bitcoin with Dash on exchange platform and after a day or two, change back to your bitcoin and use different wallet address to make a transaction (No fully anonymous, sometimes).

Planning to buy more bitcoins tomorrow Monday, bro! Bitcoin is currently selling around $12,000 and there is no sign of slowing down.
Lots of rich dudes, wall street guys, and top hedge fund investors are now into bitcoin, because of that i see no sign of correction anytime soon!

Yes, Coinbase is a good bitcoin and litecoin wallet that many people are using more especially if you are from U.S and U.K.
But if you want to save your bitcoin in the most secure way away from hackers or anyone, you might try offline wallet such as Ledger or Trezor wallet.

Me too, started using my bitcoins few years back and I was throwing it everywhere i saw bitcoin is accepted here more especially on the online gaming portals. I then moved to buying things with my bitcoins such as digital course, physical products via purse.io, and mining contracts. I guess that was in the fast, now is time to buy more bitcoins, hold them and be serious too because bitcoins are no more piece of coins to play with, bitcoin is now a real deal! 

Banks are fraud no doubt, they are suppose to be extinct many years ago i don't know why there are still operating up to now. Perhaps, the masses still don't understand what the true meaning of word freedom means. Whenever you put your money into bank you have no privacy, no security to stop bank from touching your money, and freedom at all to use your money the way you want or even send money anywhere. In fact, even if you can send money to another country the guy receiving will not receive on time, plus huge international transfer charges by bank... what a SCAM???  

No one knows exactly for how long bitcoin is going to survive.
Is bitcoin going to live for the next 100 years or it will survive forever.
Only time will tell, and the people that live long enough can witness that.

US Senate Moves to Criminalize Non-Disclosure of Cryptocurrency Ownership



The US Senate Judiciary Committee is currently tackling bill S.1241 that aims to criminalize the intentional concealment of ownership or control of a financial account. The bill also would amend the definition of ‘financial account’ and ‘financial institution’ to include digital currencies and digital exchanges, respectively. According to ranking committee member Senator Dianne Feinstein, the proposed bill is needed to modernize existing AML laws.
Changing definitions

The bill would amend the definition of ‘financial institution,’ in Section 53412(a) of title 31, United States Code, to include:

    “An issuer, redeemer, or cashier of prepaid access devices, digital currency, or any digital exchanger or tumbler of digital currency.”

If passed, the bill would likely have far-reaching effects for users of digital currencies both in the US and abroad.
Industry opinions

Several industry commentators have issued their opinions on the proposed law. Tone Vays claimed that he expects a confrontation between the Bitcoin team, including the holders and users, and the US government.

    “It’s bad…I think it’s gonna end in a very confrontational way between Bitcoin—even Bitcoin holders and users—and the US Government.”

In his testimony during the hearing, John A. Cassara claimed that the issue of virtual currencies is interesting:

    “Senator, I’m just glad I had my career when I did because I don’t know what I’d do trying to follow the money when it comes to digital currencies, it’s extremely, extremely challenging…I think if you look at the metrics, the metrics suggest today [that] digital currencies are a small fraction of the threat that we face. That’s not to say it’s gonna be the case in 5-10 years from now. We’re right at a crossroads, and it’s going to be very, very interesting to see what goes forward.”

Earlier reports also indicate that the White House is actively monitoring cryptocurrencies which could only mean more attempts to regulate the world’s first successful decentralized monetary system. With the growing involvement of Wall Street and the ever escalating media attention, it is not surprising that governments are stepping up their attempts to regulate digital currency.

Source: https://cointelegraph.com/news/us-senate-moves-to-criminalize-non-disclosure-of-cryptocurrency-ownership

LOL The question is simple; does USD suit Islam or not? If USD suit islam so does BTC, and if not, then Muslims should stop using both of them. The only difference between USD and BTC is USD is physical while BTC is digital... I don't know why religions figures always want to interfere in something that they never understand and end up given their followers bad motivations and leave them stranded without any proper solution.

USV’s Albert Wenger: Cryptocurrency as a Whole Will Be Worth Trillions of Dollars

Following bitcoin’s historic march to $10,000 and subsequent volatility, covered by CCN, various prominent Wall Street executives have been weighing in on bitcoin and the cryptocurrency ecosystem in general, showing they aren’t too fond of it. Nobel Prize-Winning economist Joseph Stiglitz recently stated that bitcoin should be “outlawed,” while Goldman Sachs CEO Lloyd Blankfein apparently soured on bitcoin as he stated that it’s a “vehicle to perpetrate fraud.”

However, Union Square Ventures (USV) partner Albert Wenger recently shared his views on the cryptocurrency ecosystem, and made it clear that he feels its current $300 billion market cap is just the beginning of the journey.

While speaking to CNBC, Wenger stated that “a bubble is only something you can ever figure out in hindsight,” and added that he finds it instructive to look at Amazon’s stock chart. The e-commerce giant’s chart, Wenger continued, looks like a “massive upward-sloping curve,” but when we zoom in on it, we can see that in the beginning there was a run-up and big drop-off. To him, the cryptocurrency’s chart will, in the future, be a “very massive run-up.”

As such, it’s possible that the current run-up turns out to be “a blip on that chart.” To him, since the cryptocurrency ecosystem has grown to where it is today, there’s definitely a way for it to do down as well, but there’s also a path for it to reach trillions of dollars. He notably stated:

    “And there’s definitely also a path to the future where cryptocurrency as a whole will be worth trillions of dollars. So I believe that there’s a good change cryptocurrencies taken together as a bucket will be worth trillions of dollars.”

Wenger added that he believes we’re still far from that, and that there will be set backs along the way. When asked if he believed cryptocurrencies were going through an “Amazon moment,” he clarified that they’re going through an “exuberant moment.”

Regarding whether or not there’s a bubble, he stated that “at some point there’s a reset,” adding that using the word bubble implies it’s about to pop, something Wenger believes may or may not happen.

To Wenger, all this irrational exuberance is a good thing for cryptocurrencies in the long run, as it brings investors and entrepreneurs to the space. Since cryptocurrencies are still a novelty, he added, we still need to try new things to see what works.

Earlier this year, USV’s co-founder Fred Wilson dismissed potential bitcoin crash predictions, and explained the optimal cryptocurrency holdings for investors, according to their comfort levels.


Source: https://www.cryptocoinsnews.com/usvs-albert-wenger-cryptocurrency-as-a-whole-will-be-worth-trillions-of-dollars/

Nobel Laureate Economist Predicts a Bitcoin Crash “Won’t Go to Zero, It Will Just Come Down”

As covered by CCN, Nobel prize-winning economist Joseph Stiglitz recently stated that bitcoin should be outlawed during a Bloomberg television interview. Just one day after, another Nobel laureate, Robert J. Shiller, shared his view on bitcoin: that it will crash in an event similar to the U.S. stock market crash that preceded the great depression.

While Joseph Stiglitz believes the cryptocurrency should be outlawed because it “doesn’t serve any socially useful function” and that its popularity comes from the “potential for circumvention, lack of oversight,” Robert J. Shiller compared attraction to bitcoin to the narrative of a “mystery movie” that draws in people who wish to outsmart the system.

Notably, Yale economist Robert J. Shiller received the Nobel Prize in Economics for his work in “Trendspotting in asset markets,” in 2013. The economist’s popularity is partly derived from his prediction of both the dot-com and the housing bubble, as he published books titled “Irrational Exuberance” detailing these crashes.

At a conference in Vilnius, Lithuania this week, he stated:

    “Bitcoin, it’s just absolutely exciting ( …) You’re fast. You’re smart. You’ve figured out nobody else understands. You’re with it. And bitcoin has this anti-government, anti-regulation feel. It’s such a wonderful story. If it were only true.”

Shiller went on to add that he doesn’t know where the cryptocurrency is going to stop, but compared it to the stock market in the 1920s. Per his words, it’s going to go way up, but we “will reach a 1929 eventually.” He added that the cryptocurrency will crash but “won’t go to zero, it just will come down.”

His comments, just like those of Joseph Stiglitz, come at a time in which bitcoin hit a new all-time high above $11,400, and then quickly declined to $9,200 before starting to recover. At press time, one bitcoin is trading at $9,959, according to data from CoinMarketCap.

Interestingly, Stiglitz’s opinion on bitcoin, or at least cryptocurrencies, seems to have shifted, as when he spoke at the World Economic Forum’s Annual Meeting in Davos, Switzerland, the economist stated that the U.S. should phase out fiat currency to move toward the use of digital currencies. Shiller, on the other hand, has back in 2014 stated that the cryptocurrency is a bubble, an “amazing example of a bubble.”

Despite Shiller’s past predictions of the dot-com and housing bubbles, his claims on bitcoin don’t seem to, so far, be supported by any kind of data. Taking that into account, the only thing we can for now be sure about, is that both Nobel laureates, Shiller and Stiglitz, aren’t fans of the cryptocurrency.


Source: https://www.cryptocoinsnews.com/nobel-laureate-economist-predicts-bitcoin-crash-wont-go-to-zero-it-will-just-come-down/