Remember the 'crazy' days when Bitcoin went up $100 per day? It was nothing compared to yesterday! Bitcoin climbed over $1,000 in 24 hours yesterday!
Should we be worried about fiat money as it is losing its value so fast?
Today in the news:
- Christine Lagarde, head of the International Monetary Fund (IMF), warned banks today: Cryptocurrencies Will Bring “Massive Disruptions”.
- Great news from Coinbase today: Coinbase announced it is rolling out instant purchases of bitcoin, ethereum and litecoin from U.S. bank accounts. Yet another reason why Bitcoin is surging.
Welcome to my Cryptocurrencies Market Overview for Friday, October 13, 2017.
24 Hour Change
7 Day Change
Month-to-Date Change
24 Hour Volume
Market Capitalization
Bitcoin Daily chart
Mind the RSI at 80.6...
Feel free to use and share my charts, but please mention me as the author.
Latest Crypto News - October 13, 2017
Bitcoin's Price Keeps Rising, But Is $6,000 in Reach?
Bitcoin hit a new record high of $5,856 on CoinDesk's Bitcoin Price Index this morning, but the question everyone will be asking is, can the rally continue?
Read more: coindesk.com
'Massive Disruption': IMF's Lagarde Says Cryptocurrencies Must Be Taken Seriously
Christine Lagarde, managing director of the international monetary fund (IMF), has warned that central banks and financial services need to pay closer attention to cryptocurrencies.
Read more: coindesk.com
Other sources:
One reason why bitcoin may be surging: You can now buy it instantly on one major US exchange
Bitcoin surged to a new high Friday, and a key announcement from digital currency exchange Coinbase could be a driving factor. Coinbase, a major U.S.-based digital currency exchange, said Thursday it is enabling investors to make instant purchases of up to $25,000 worth of bitcoin, ethereum and litecoin from U.S. bank accounts. Previously, customers using their bank accounts to buy the digital currencies had to wait several days to receive them.
Read more: cnbc.com
Other sources:
Bitcoin's market value is now larger than Goldman Sachs and Morgan Stanley
Bitcoin's market capitalization has surpassed major stocks such as Goldman Sachs and Morgan Stanley, after the cryptocurrency hit an all-time high on Friday.
Read more: cnbc.com
Stunning £17million west London mansion goes on sale - but sellers will only accept Bitcoin as payment
Buyers of a Notting Hill mansion going on sale this month for £17 million will have to pay in Bitcoin, in what is believed to be a first for London.
Read more: standard.co.uk
A Bitcoin Beginner’s Guide to Surviving the Bgold and SegWit2x Forks
This is an updated version of A Bitcoin Beginner's Guide to Surviving a Coin-Split specifically addressing issues associated with the upcoming Bitcoin Gold and SegWit2x forks.
Read more: bitcoinmagazine.com
History Repeated? Confidence High Ethereum Will Avoid Blockchain Split
Just days away from making one of its biggest-ever upgrades, confidence is high among ethereum supporters that the world's second-largest blockchain will avoid past mistakes and successfully navigate a coming change to its codebase, projected for Sunday night.
Read more: coindesk.com
PBOC Research Director Trashes Bitcoin and Talks Up State-Backed Cryptocurrency
On October 12th, an official from the People's Bank of China dismissed cryptocurrencies like bitcoin for supposedly lacking inherent value. Instead, Yao Qian propped up the potential of a state-backed digital currency. Qian, the Director of the Digital Currency Research Institute at China's Central Bank, was speaking at an event hosted by the International Telecommunications Union.
Read more: cryptovest.com
Litecoin Price on Course to Reach $60 Very Soon
As was to be expected, Bitcoin is not the only cryptocurrency noting some spectacular gains over the past 24 hours. The Litecoin price is also moving upward and seems to be on target to surpass $60 soon. This is a positive trend, considering how most altcoins tend to decrease in value when Bitcoin goes up. Solid momentum for the Litecoin price is in place, that much is evident.
Read more: themerkle.com
India Central Bank ‘In Process’ of Making Bitcoin Regulation, Withholds Details
India has refused to comment on its progress with cryptocurrency regulation, only appearing to confirm that official plans were “in progress.” Reports by local news outlet Economic Times quote Reserve Bank of India Deputy Governor NS Vishwanathan as making comments to the press at an event in Calcutta today. “I can’t comment on a policy that is still in the making,” he said.
Read more: cointelegraph.com
Miner support for SegWit2x hard fork falls below 80%...
This is me waiting for the Bitcoin price going under $4000 to buy...
very interesting what is happening. It only took breaking that resistance at $5,000.
The big question is; Where's the next resistance level and the next 20% or 30% pull back. Or are we done with those? (I doubt that)
I upvote all comments and replies on all of my posts to help my fellow Steemians earn Steemit rewards and gain more voting power. Consider doing the same.
6200 to 6400
Thanks, I agree with you as well.
I wonder what it will be in a year.? Time will tell.
nice post thanks...
follow me pls thanks..
https://steemit.com/gaming/@megavip/playing-games-in-90-s
and vote plss..
Voted and followed.
Thanks for doing the same.
FIAT is dying.
So fast. Ohhh.. DIE FIAT DIE
A great times are comin'
With this crazy sharp increases, I won't be shocked if it surpasses 7,000 three days from now. And I heard that amazon might start accepting bitcoins on October 2017. Is this gonna be it before bitcoin's price explodes to the tens of thousands?
Looking at a posdible 10k early next year.
My bad. Meant 2017
Even if correction takes place back to 5000, it is also good time to buy and hold more.
Hello brother @penguinpablo I have a feature request for steemnow. I was interested to hear your thoughts on the idea.
This is probably shitty to ask, but it is not for me. I have a friend who started steemit account month ago and I really want him to succeed and he really writes interesting blogs. He also have never written before and he just started, so I would like you to read his post and if you like it leave an upvote and comment. I think that someone like you could motivate him to write more. I also would like it to keep it a secret.
Link to his last post: https://steemit.com/writing/@thegreatavi/what-are-we-leaving-behind-taking-a-good-look-on-our-life
All top altcoins are down to BTC. Except BCC.
Nice
Well, screw Bitcoin. Its draining the capital from the crypto market, so everything else is going under. Like Steem, the second biggest looser in the past month. Am I supposed to be happy about that?
crypto currencies are popular now a days.i am happy with crypto currencies specially bitcoin.thanks for sharing this to people.
This post received a 4.15% upvote from @randowhale thanks to @penguinpablo! To learn more, check out @randowhale 101 - Everything You Need to Know!
I wonder how the people holding hudge amounts of bitcoin feel right now :))
Must be awesome, right? 😊
I don't know, but I can only assume that it is indeed awesome! I will wait for someone to confirm it
craig grant posted a while back that sometimes he just stares at his screen in wonder. It sounded so nice!
Funny picture at the end lol. I always seem to have mixed emotions when it soars like this. Part of me happy about the huge gains..the other sad about not being able to buy more :/
Thanks for your work. Have a good day 🙂.
That is the happiness after a long time.
Daily Content Creators will also be registered on SteemVoter! For more info please check the introduction post.
Help support Hand of Midas by upvoting this comment.
MonaCoin is batshit crazy, and their business plan is genuis, too.
They are already exploding and will become important very soon.
Love that photo at the end. Looks just like me. Wish coinbase would do the same for us Brits. All the exchanges suck.
Roll out EOS! come on @dan we need it now!
nice job!
You think there will be a correction soon of the bitcoin price ?
Crypto will nver die..the banks are stressed, at the time they think they also have to go in full the BTC will be 50.000 each..
I hope you want to consider to vote for me as witness. You could make my dream come true.. it's freen and you have 30 votes in total