Bitcoin really is going mainstream now as the trend of the bullrun continues to surge. We can't deny that Bitcoin is gaining ground in the business world and invites the attention of those world's biggest names in business like the JP morgan whose CEO Jamie Dimon famously called Bitcoin a fraud is considering offering Bitcoin to clients and CME is preparing to introduce bitcoin futures.
Despite the criticism from Dimon, the company’s finance chief Marianne Lake said last month the firm is “open-minded” to the potential uses for digital currencies so long as they are appropriately regulated.
Source
Just recently, Europe is already launching their first Bitcoin mutual fund and now is being introduced into the market.
French asset management firm Tobam is planning to launch Europe's first bitcoin mutual fund as interest in the cryptocurrency continues to grow.
Tobam, which had $9 billion in assets under management as of September, plans to launch an unregulated alternative investment fund that will allow institutional investors to gain exposure to bitcoin.
Source
A Swissquote Bank offering an exchange-traded products between Bitcoin and Fiat currency. They are now engaging in cryptocurrency specifically Bitcoin.
Swissquote Bank, an online banking service, has launched a bitcoin exchange-traded certificate that it claims will curb the cryptocurrency's volatility.
The Bitcoin Active Certificate works by moving investor's holdings between bitcoin and U.S. dollars with the help of a machine learning algorithm that forecasts short-term market movements using technical indicators, buy/sell pressure and analysis of social media sentiment.
Source
These are the few huge businesses that gave-way to the cryptocurrency to rule in the market and for sure it will not stop there, many big institution and firms will follow and join the bandwagon. Bitcoin is really growing so fast and it penetrates even to us minnow investor. No one wants to miss out on an asset that's rallied more than 900% just this year.
Just a week ago we were celebrating Bitcoin rise above ten thousand dollars and today it reaches as mush as eleven thousand dollar landmark. The hotter Bitcoin gets into the market, the faster it invites attention to the mainstream investors and to those in the wall street big business man who have very deep pocket to ride in on the Bitcoin mania. Big financial markets are starting to take notice of Bitcoin and now it's going to reach astronomical highs and 2018 is right around the corner. We should invest our precious bitcoin wisely to maximize the profit.
If someone is saying his investment in Bitcoin grew up x1000 times, do not think this will also happen to yours. Do you really believe in $10 mln bitcoin?
In your life time?
Really?
P.S.
I am still bulish on BTC. Many years
There is no cure for Bitcoin Fever. Of course, who would want a cure.
you donate me 3 sbd? please
i will give you my 100% strength upvote
While I agree BTC is moving up quickly, we must not allow bull fever to place blinders on common sense....
https://steemit.com/bitcoin/@pawsdog/12-3-2017-the-market-view-and-trading-outlook
@pawsdog
Hmmm, I think it will hit 15k by the end of the year. View my previous analysis where i predicted bacon will hit 12.5k!
https://steemit.com/bitcoin/@cryptofrombed/bitcoin-hits-11-200-what-s-next
yes , need to invest more...
bitcoin is my best earning site..thanks for sharing bitcoin content..
Bitcoin is the most popular currency now. So the bitcoin rate will increase further.
really super news
Yeah its true I'm now preparing my next move of investment for next year and expect bitcoin rise to 13k:)
hopefully, the rise of bitcoin will continue. But the experts said that it will reach as much as $30k before 2018 ends :)
I am not an expert, however I agree with such forecast because he repeats my own forecast. But recently the explosive growth of bitcoin has puzzled me and now I he think will grow to $30 000 by March, 2018.
Yeah, I'd say it's time for a correction at some point in the near future. Such a huge run-up...people are bound to take profits. Several people. Can't go exponential forever.
Not saying Bitcoin's not a good long-term investment. But let's not be shocked if/when the price falls precipitously (and temporarily) before too long.
To maximize its profit, we should know how to "play" in the field. The very common "buy low, sell high rule" is very effective in this arena. When the bitcoin drops, then start buying bitcoin and sell it when the price goes up. :)
Certainly you are correct. Except I prefer to buy (preferably at lower prices) and hold.
I find it amusing, though, how people get euphoric at short-term gains, then panic over the inevitable correction.
"OMG the stock market lost 10% today!"
"Did you sell?"
"No."
"Then why do you care? Doesn't affect you - but probably you should buy."
"Uh...never thought of that."
People are silly. :)
Absolutely agree with yah, Bitcoin bullrun has a trend. There will be correction everytime it hits the ceiling. Following this trend and using the buy low - sell high method, we can maximize the profit.
Nice post sir
It appears bitcoin is here to stay come what may It offers best investment opportunities to those who knows the rules
Bitcoin is very difficult to shut down, i think its second to impossible. But of course, im open with the possibilities since technology is advancing day by day. My next article will discuss about the factors that will make bitcoin to shut down, ill post it tomorrow.
Good post sir.
And good information thanks for sharing
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Nice, I know you care about others
Flying under the radar, but worth noticing:
https://steemit.com/cryptocurrency/@xsid/civic-token-flying-under-the-radar
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ALL HAIL BITCOIN
thanks a for sharing..best of luck..
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Bitcoin is the most popular cryptocurrency in market now.All the time it's value higher and higher.Due to limited supply it's now too expensive for us.
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There are cryptocurrency and bitcoin is related to each other, I have no idea about this matter, can I say a little bit?
Here's hoping that as the adoption grows so will the price! There's really no telling how far it will go! 30k ? 100k ? 500k??? TO THE MOON BABY :)
RSI levels are too damn high to take a safe long position on Bitcoin right now (although there is still room for the price to go up to a RSI level around 95. A major correction, likely going to 7000 euros (sorry, I am not working with dollars) or even to 6500 euros will probably happen soon. The price will find strong supports at those levels and only when it breaks through 6500 there will be a real mess. I am expecting the price to return to a bullish movement from those support levels though.
Hi friend this is lastest news.