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Author Topic: [2019-06-25] Bitcoin Trades Above $11,000 & Targets $15k  (Read 100 times)
MarinaTrif
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June 25, 2019, 04:26:26 PM
 #1

The Bitcoin price has gained significant traction since the beginning of June. Since yesterday, the coin has registered a weighty growth in value and is almost hitting the $13,000 resistance level. Almost the entire cryptocurrency market is following suit, but there are still some coins that are not trading in green. Total market cap has significantly gained by over $10 billion.

Bitcoin (BTC) being the original cryptocurrency is still seen as a dominant token in the entire market with around 60% dominance and is still increasing higher. If BTC maintains this trajectory, it will reach its historical price of $20k that happened way back in December 2017. It just needs to double its efforts.   

https://coinidol.com/bitcoin-targets-15k/
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June 25, 2019, 05:41:59 PM
 #2

The Bitcoin price has gained significant traction since the beginning of June. Since yesterday, the coin has registered a weighty growth in value and is almost hitting the $13,000 resistance level. Almost the entire cryptocurrency market is following suit, but there are still some coins that are not trading in green. Total market cap has significantly gained by over $10 billion.

Bitcoin (BTC) being the original cryptocurrency is still seen as a dominant token in the entire market with around 60% dominance and is still increasing higher. If BTC maintains this trajectory, it will reach its historical price of $20k that happened way back in December 2017. It just needs to double its efforts.   

https://coinidol.com/bitcoin-targets-15k/

It is really impressive to see it growing like that.
However, I don't think that it will nearly be traded around 15k if altcoins won't follow this upward trend. It would struggle to keep the market at that level if wealth won't be spread among more assets.

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June 25, 2019, 10:20:49 PM
 #3

The Bitcoin price has gained significant traction since the beginning of June. Since yesterday, the coin has registered a weighty growth in value and is almost hitting the $13,000 resistance level. Almost the entire cryptocurrency market is following suit, but there are still some coins that are not trading in green. Total market cap has significantly gained by over $10 billion.

Bitcoin (BTC) being the original cryptocurrency is still seen as a dominant token in the entire market with around 60% dominance and is still increasing higher. If BTC maintains this trajectory, it will reach its historical price of $20k that happened way back in December 2017. It just needs to double its efforts.   

https://coinidol.com/bitcoin-targets-15k/

It is really impressive to see it growing like that.
However, I don't think that it will nearly be traded around 15k if altcoins won't follow this upward trend. It would struggle to keep the market at that level if wealth won't be spread among more assets.

Tops maybe $13.5k? Again, I feel a bit scared when we see another dramatic rise similar in 2017. Although investors are smarter now, but you can't take away the possibility that a massive dump will follow after reaching $20k at least for this year.

Would rather see BTC dominance like 50-55% and let some alts grow as well. At least the market is healthy right now, so let's see how it goes.

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rodel caling
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June 25, 2019, 11:27:50 PM
 #4

It's so very exciting and So far the resistance of bitcoin continues stroger so not possible to reach 15,000$ mark to hit the all the high. At this time bitcoin is nrearly hit at 12,000$ The latest price of bitcoin in coin market cap is 11,600.

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June 26, 2019, 02:17:36 PM
 #5

Generally, the overall winner of today is Energi which has over 44.6% price gains, according to the data from coinmarketcap.

Wut? Energi? Why not Quanta Utility Token(+61%) or Gold Bits Coin (+104%) then? I mean, as long as you are mentioning shitcoins, why stop on Energi? Smiley

But seriously, what I can't understand is that why Peter Schiff, an "American libertarian" as Wikipedia describes him, is so against Bitcoin? Maybe someone knows a story behind this hate?

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June 26, 2019, 04:23:49 PM
 #6

The Bitcoin price has gained significant traction since the beginning of June. Since yesterday, the coin has registered a weighty growth in value and is almost hitting the $13,000 resistance level.

Bitcoin Price Hits 17-Month High Above $12.9K




the price touched the $13000

Almost the entire cryptocurrency market is following suit, but there are still some coins that are not trading in green.

the altcoins are falling a lot in relation to bitcoin

ETH = 0.027 btc ( is a very low price considering that ETH already had the price of 0.10 btc )

Bitcoin (BTC) being the original cryptocurrency is still seen as a dominant token in the entire market with around 60% dominance and is still increasing higher.

this was already expected, altcoins has proven to be a scheme to enrich only its creators and does not have much use in the real world


If BTC maintains this trajectory, it will reach its historical price of $20k that happened way back in December 2017. It just needs to double its efforts.

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June 26, 2019, 06:39:40 PM
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 #7

Generally, the overall winner of today is Energi which has over 44.6% price gains, according to the data from coinmarketcap.

Wut? Energi? Why not Quanta Utility Token(+61%) or Gold Bits Coin (+104%) then? I mean, as long as you are mentioning shitcoins, why stop on Energi? Smiley

But seriously, what I can't understand is that why Peter Schiff, an "American libertarian" as Wikipedia describes him, is so against Bitcoin? Maybe someone knows a story behind this hate?


Schiff has been right about many things in the past and still is.  But his blind spot seems to be bitcoin.  Either he doesn't understand bitcoin and the advantages it brings (seems likely) or he didn't understand in the past and now does but can't bring himself to admit he was wrong. 

Personally, I tend to think the later - he didn't understand and now is so dug in he can't reverse and admit he was wrong.

I am not at all scared about the rise (to respond to someone else above).  There has been fear at every milestone. 

Dollar parity, people were scared, saying it wouldn't last and would be down to $0.60 very soon.  Ditto $5, then $10, then $30, then $100, then $1000 (the first time) etc.  Every single time people claim it is "a bubble" and is a Ponzi scheme, and a scam etc.  If it is a bubble etc, it is an awfully long one. 

The key has been since at least July 2010 to buy and hold (at that point it was really just to mine and hold).  Anyone who has done that for just about every period has been well rewarded except perhaps (so far) from Dec 2017 until now.  But that is close.



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June 26, 2019, 06:58:22 PM
 #8

Hi. A great effort and effort must be made to reach the historical price in the market. This is done by overcoming all obstacles that prevent this and by continuing work and preventing the impact of the surrounding conditions on this.

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June 27, 2019, 03:59:15 PM
 #9

~
Schiff has been right about many things in the past and still is.  But his blind spot seems to be bitcoin.  Either he doesn't understand bitcoin and the advantages it brings (seems likely) or he didn't understand in the past and now does but can't bring himself to admit he was wrong. 

Personally, I tend to think the later - he didn't understand and now is so dug in he can't reverse and admit he was wrong.

I am not at all scared about the rise (to respond to someone else above).  There has been fear at every milestone. 

Dollar parity, people were scared, saying it wouldn't last and would be down to $0.60 very soon.  Ditto $5, then $10, then $30, then $100, then $1000 (the first time) etc.  Every single time people claim it is "a bubble" and is a Ponzi scheme, and a scam etc.  If it is a bubble etc, it is an awfully long one. 

The key has been since at least July 2010 to buy and hold (at that point it was really just to mine and hold).  Anyone who has done that for just about every period has been well rewarded except perhaps (so far) from Dec 2017 until now.  But that is close.

If something was happening many times during the past 10 years(I mean surpassing its previous ATH)
it is a bit illogical to think that it won't happen again, so I agree with you on that.

Regarding Peter Schiff, after some research I came to conclusion that he is such a big fan of gold he simply can't bear the fact that some people value Bitcoin more than gold in terms of investment. Imo he's wrong, because gold, despite the latest rising, is still costs 23% less than in June 2011, while BTC has gained over 1,000,000% since then.

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June 28, 2019, 10:55:47 AM
 #10

Schiff has been right about many things in the past and still is.  But his blind spot seems to be bitcoin.  Either he doesn't understand bitcoin and the advantages it brings (seems likely) or he didn't understand in the past and now does but can't bring himself to admit he was wrong. 

Personally, I tend to think the later - he didn't understand and now is so dug in he can't reverse and admit he was wrong.

I do like Peter because we're basically fighting against the same 'enemy', and our goals to have sound money take over are identical too.

I think the main problem here is that after so many years of Gold not having any competition, there finally is Bitcoin that has no problems taking over the store of value and sound money aspect. He started trashing Bitcoin when it was worth less than $100 and look where we are right now. He has his investments to protect, his fund that holds billions in Gold, derivatives, stocks, etc.

Even if Bitcoin reaches $100,000 you'll see Peter rehash the same non arguments. Who knows, Peter might even be a paid Gold shill at the end of the day. It must be a bitter pill to swallow for the Gold industry seeing Bitcoin take over this rapidly while Gold hasn't done much in the last 5-6 years.

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