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Author Topic: Bitcoin reaches 10,000$ price: market economy is now much stronger  (Read 231 times)
roboadvisorcoin
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November 27, 2017, 02:14:05 PM
 #1

The crypto currency market continues to produces new records with total capitalization that has exceeded $ 300 billion.
 
It will only be a bubble, like the famous Dutch tulips, but some less fanciful reflection a phenomenon of this magnitude deserves it. Bitcoin, the queen of crypto currencies, is about to exceed the $ 10,000 value threshold, while initiatives that accept crypto as a payment system grow worldwide.
 
 Being a retail market, it is unfortunate that today, tens of millions of people in the world have crypto currencies. For these people a growing part of their wealth each day is influenced by the price trends of the various crypts.
In order to try to understand why it is not just a speculative bubble, we need to get into the crypto operation mechanism.
 
Identify specific categories that highlight strengths and innovation. Cryptos are non-paper coins issued in a decentralized but totally transparent and competing way. Compared to a traditional currency there is no central authority that decides how and how to issue it and how to influence its price. Drivers driving the price of cryptos are the demand and the offer, as well as quantify the utility that a single crypto offers to those who hold it. While traditional coins are one of the last expressions of a planned economy within a decentralized capitalism and increasingly relying on consumer micro decisions, crypto currencies are the most technologically advanced response to embody the institutional dimension of an economy market driven. Centralized planning of traditional coins towards the decentralized production and exchange of cryptos.
This is the object of the controversy today in a world in which the power of individuals is increasing with regard to the ability to plan from the top of the states. Obviously in democratic regimes. The crypto then represent an evolution of the species with regard to the breed of bankers.

Recently, Jamie Dimon, number one of JPMorgan Chase, said people who buy Bitcoin are stupid. Dimon belongs to the class of shark bankers, those selected by financial capitalism in the pre-crypto currency season to be super-efficient in shedding a prey.
The shark is an animal with a low intelligence but a high operational ability to accomplish its missions. In a complex ecosystem, where strength counts less and capacity to elaborate much more, the shark is destined to succumb to the smell of smarter breeds.
This is explained why with the Bitcoins a new breed of bankers will emerge, which we could define as dolphins: with a much higher intelligence rate than other species and with a high degree of adaptation to a totally decentralized market.
 
Even evolution from shark bankers to dolphin bankers is a positive aspect that must be recognized in crypto currencies.
 
And if in the future there will be less bail-in bankers and less Ponzi scheme in circulation we should thank crypto currencies.

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November 27, 2017, 02:23:12 PM
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Bitcoin, altcoin and blockchain, no one is tulip foam forever! forever and always!
Jamie Dimon said JP Morgan Chase refused bitcoin, the result broke out by the media JP Morgan Chase also bitcoin business, how ridiculous.
Bitcoin's vertex is definitely not just 10000 US dollars, I think its unit price may eventually be as high as 1 million US dollars, this is not impossible!
PS: But now because bitcoin is too expensive, I am now more willing to put money into the altcoin and ICO markets. Grin

roboadvisorcoin
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November 27, 2017, 02:30:43 PM
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Bitcoin, altcoin and blockchain, no one is tulip foam forever! forever and always!
Jamie Dimon said JP Morgan Chase refused bitcoin, the result broke out by the media JP Morgan Chase also bitcoin business, how ridiculous.
Bitcoin's vertex is definitely not just 10000 US dollars, I think its unit price may eventually be as high as 1 million US dollars, this is not impossible!
PS: But now because bitcoin is too expensive, I am now more willing to put money into the altcoin and ICO markets. Grin
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November 27, 2017, 02:42:43 PM
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You know the "Dutch tulips" bubble is just a myth.... right. There are no financial data backing up those claims that it actually happened. A lot of

people use that to compare compare what is happening with Bitcoin, but they are wrong. There has never been a financial instrument like Bitcoin

before, so we cannot compare it to fiat currencies or any other commodity that are trade freely on a open market.  Grin

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Monartis
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November 27, 2017, 02:45:26 PM
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The reality may be none of us know which way Bitcoin is heading, but the potential applications for Bitcoin technology are such that this (the technology) is surely likely to stay and to develop in new areas.
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November 27, 2017, 04:13:23 PM
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tens of millions of people in the world have crypto currencies.
Do you have a source to back up this claim? There are just over 20 million Bitcoin addresses with a balance, most of them have less than 0.001BTC (source), and many people own more than one address. That makes it impossible for tens of millions of people to own Bitcoin, and it makes it very unlikely that many people own cryptocurrencies other than Bitcoin.

I'm mainly surprised Bitcoin has reached such a high price with so little users! Now imagine the possibilities if Bitcoin would scale to allow more transactions, and hundreds of millions of people start using it!

You know the "Dutch tulips" bubble is just a myth.... right. There are no financial data backing up those claims that it actually happened.
Wiki: Tulip mania:
Quote
"It is generally considered the first recorded speculative bubble"

steadyrice
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November 27, 2017, 04:27:44 PM
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The reality may be none of us know which way Bitcoin is heading, but the potential applications for Bitcoin technology are such that this (the technology) is surely likely to stay and to develop in new areas.

This is what I've been telling to people who are comparing bitcoin to the dot com bubble. The dot com bubble happened because back then people were thinking internet = free money, which it obviously wasn't, so the bubble had to burst. But the technology behind it stayed, and good dot com companies prospered because it was good technology and it is the backbone of pretty much everything we do right now.

The same applies to bitcoin, or the blockchain technology, to be more precise. Altcoins may disappear, even bitcoin itself may disappear in the future, but the blockchain technology is here to stay.

AtheistAKASaneBrain
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November 27, 2017, 04:34:46 PM
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The reality may be none of us know which way Bitcoin is heading, but the potential applications for Bitcoin technology are such that this (the technology) is surely likely to stay and to develop in new areas.

This is what I've been telling to people who are comparing bitcoin to the dot com bubble. The dot com bubble happened because back then people were thinking internet = free money, which it obviously wasn't, so the bubble had to burst. But the technology behind it stayed, and good dot com companies prospered because it was good technology and it is the backbone of pretty much everything we do right now.

The same applies to bitcoin, or the blockchain technology, to be more precise. Altcoins may disappear, even bitcoin itself may disappear in the future, but the blockchain technology is here to stay.

I don't get this notion of how "even bitcoin could disappear, but blockchain technology is here to stay".

Blockchain technology IS bitcoin, nothing else. If bitcoin fails, blockchain fails. The good news are: bitcoin will not fail. I have been here since the early days, I have seen conmen trying to sell smoke and mirrors of all kinds, promising the "new bitcoin" that never arrives. It is clear that at this point nobody is going to come up with a better implementation of the blockchain than bitcoin itself, because the alternatives are just small modifications not relevant enough to destroy the ongoing network effect of bitcoin by starting from scratch on an empty blockchain. It would need to be a whole new iteration of technology that is not even a blockchain (and no, IOTA and co don't cut it).
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November 27, 2017, 04:36:34 PM
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I will not say we are in bubble right now but I will not put anything more in any of the crypto right now as all looks quite scary. I think the one who are still buying bitcoin will loss so much in next few weeks, $1k to $10k in just a year  Huh Shocked I don't think such rise can be stable one, we might soon get some bad news which will crash whole crypto market.
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November 27, 2017, 04:41:00 PM
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Saxo Bank strategist Kay Van-Petersen predicted that Bitcoin's price would soon exceed $ 10,000. Deutsche Bank strategist Ulrich Stephan wanted investors to stay away from Bitcoin. Two different dialogue are they giving speech to make our mind in complexity?
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November 27, 2017, 04:45:26 PM
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I will not say we are in bubble right now but I will not put anything more in any of the crypto right now as all looks quite scary. I think the one who are still buying bitcoin will loss so much in next few weeks, $1k to $10k in just a year  Huh Shocked I don't think such rise can be stable one, we might soon get some bad news which will crash whole crypto market.
well it's important to follow forecasts and trends

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