Bitcoin Crypto is SURGING | BTC Climbs Towards $5000 | New Bitcoin Miners

[passwordnow]

I'm not a miner so I can't give that much additional info and an opinion about the factors for the incoming bitmain miners. But with PayPal making its first investment on blockchain. This made me wowed! I can't think of it that they are into it, a well known payment processor is starting to get into the technology behind cryptocurrencies that's solely created to be an alternative payment option with their business. I searched it and it's legit, it's on coindesk.

If I may get you right, you mean paypal too has already adopted the use of blockchain technology for their payment system? If this is real, I can bet that the whole cryptocurrency idea is just about to boom, do you know how many users of paypal we have, imagine all of the getting introduced to cryptocurrency, there will really be a boom.

I have always expected something extra ordinary to happen in the cryptocurrency space this year, more are coming to join the list, now we have these projects like Facebook, twitter, visa, Samsung already on board or coming on board, and now this great news of PayPal which I am yet to confirm myself.

Yes, I can imagine on how many users PayPal has but it isn't crypto that PayPal is adopting but blockchain. You can refer to these news:

https://www.coindesk.com/paypal-makes-its-first-ever-investment-in-a-blockchain-startup
https://decryptmedia.com/6285/paypal-cryptocurrency-blockchain-startup
https://blockonomi.com/paypal-blockchain-identity-investment/

More mines join in the bitcoin network means the difficulty of bitcoin will increase and that will create a strict competition between every miners. that makes the price of bitcoin will increase because to mine bitcoin will be so difficult.

Ohhh, that's informative. More miners, means tougher competition, higher demand and higher price.

[el kaka22]

I don't think we have to be surprised because we are seeing an increase in the price of bitcoin because this is the prediction I have been making since the beginning of the year, and I saw a lot of persons in this forum making same prediction. This is just a tip of the iceberg because we haven't begin the see the major bull run in the price of crypto which will begin to happen in the next few months, my guess is that it would happen in the third and fourth quarter of this year.

There are lots of reasons are being indicated for this rally and the one which seemed somewhat reliable is , a secret buyer who bought bitcoins for $100 millions and due to arbitrage trading prices are reflecting to all other exchanges which led up to $5400 in few exchanges. I guess the major resistances around $5k was tested and hence it may get passed easily in coming days with the rally toward $7k levels.

[kuverty]

Chartist are excited pulling the bulls out of the woods. Bitcoin crossed an important level which has many believing a change in sentiment is in order.