Today we'll be discussing what the bitcoin could moon or what exactly we need to see for the press to quote unquote moon or rise exponentially in the near future. so what exactly am I talking about well I'll explain that in more detail but first I just wanna say drop this article upvote if you like it follow and share for more content. so the bitcoin is going to fourteen thousand dollars polls say that's the tape missed call Tim draper thinks you could go to two hundred thousand dollars by twenty twenty two others in the market like Forbes columnist and London's think market strategist ninety mass llama think fifty thousand dollars by December is doable they mostly say it is because of news of exchange traded funds getting closer to getting green lit by the securities and exchange commission. They also select nundinal favorable regulations that constrain actual property investors expect the top cryptos could be professional with investor protections no dissimilar than food colouring futures and forex. And those regulations give investment advisors with fiduciary responsibility to a client in impetus to put money to work in the crypto once the court is regulated as a security. when institutional investors follow in the footsteps of high net worth individuals and hedge funds or in crypto. Then the market goes to the moon that is basically what needs to happen so go ahead and reiterate that once again once big point is regulated as a security one elementary investors maintain in the footsteps of proud pure estimable individuals and guard stock already in crypto. Then the worth goes to the Moonto put it in crypto called vernacular and I really don't like this person refers to crypto currencies as a cult but nonetheless it is in the article. when mood in airports soon as Harvard and the Ford Foundation decided that a quarter percent allocation to pick pointed other top ten points is plausible that's what you already have professors looking at how to value crypto.
He's like a traditional security says Burgoyne skeptic indicating an asset management stretches Philip are right ski. we read the poems in Boston on a fall like day in June in squatters complaining about the weather impassioned debate on the bitcoin kept us warm. I'm not convinced the conventional becomes a leading global currency. He tells me and I'm not convinced that institutional money is going into it but they are requiring about it that is for sure on Tuesday the securities and exchange commission postponed its decision on directly on stupid point. ETF the Massachusetts based company known for its double leveraged ETFs. we'll have to wait until September for a decision something is in the water though San Francisco based bit wise asset management wants to serve directions wake. They filed with the SEC on Tuesday the Wall Street journal reported Sistani capital in Newport beach crypto twist vestment solid late carriage a survey one millennium US adults concerning attitudes toward crypto currencies the recital will be published in a few weeks but one of the take ways is that eighty eight percent of all. when you also said they will buy critter because they think it is a good investment eighty eight percent that is a very large percentage of an overall demographic team will generation is the biggest generation in the work force. According to pew research they're also the largest generation since the baby boomers. I'd say that there is little to no appetite for customer stamps into digital property true now attempt Michael Chang management director of the strategic advisory family at once extend office in from a Switzerland the crypto value conference. And once again I'm probably put your in these names but anyway saying is like many others and finance. you'll Jeffries to do a deep dive into the unknown of crypto land when your bank like Geoffrey's. you have responsibilities to your clients. if you want crypto you have to go to the specialist firms like Penn territory storage management. which is now investing in it through a separate fund a lot of these guys have money in the big ten points now he said Europe is all over the world.
Switzerland in particular the doctorate there is higher than it is in Europe with roughly one in one thousand people owning a bitcoin. when used to be immeasurable in market size but it is now about one percent of the gold market a traditional hedge against currency and one percent of the multi trillion dollar gold market is not a small thing says Nicholas Nickles. Jim because CEO and chairman of the coin sweeps a regulated cryptocurrency broker in Zagora suit Switzerland the combined turnover for big points weeds. And its first year of operation was less than ten million dollars now they claim to do that pulled the day their average turnover in the fourth quarter twenty seventeen one for going in all time high of twenty grand was seven hundred and fifty billion dollars a month. so in other words and to kind of wrap this up if you be too long if people tell you the crypto currencies. And pick one and other rights are not being pursued by institutional investors they absolutely one hundred percent art and this even points. we is having such a large operational base is really a good indication that a lot of people with a lot of money are getting into the cryptocurrency space. Anyway folks that is my opinion backed up with the opinion of the pros let me know all of you think on the comments section below as always I'm looking for all of you have to say.
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Bitcoin touch very near to moon
May be
Yes , I hope....
Hope so dear
What if... dare I say it... No... no one will like it... What if BTC gets replaced?? Of all the craziness who would dare say such a thing.
who would dare?? ME!!
So many altcoins perform the currency function and have better transactions speeds, fees, and scalability...
Bitcoin is gold you say? Even Charlie Lee claims this and calls his litecoin silver, why would he say this? Cause he wants to remain in the silver position. That's why.
It's gold, it has value, it can't be replaced, the supply is limited yah de yah de yah de...
Well guess what!!! It can be replaced, other coins perform the same function but better!! Are they as secure, maybe not. But they are secure enough to never be hacked so why does that matter.
Is gold that is super difficult to mine more valuable then gold lying on the ground? NO TIS NOT!! MINING FEES DO NOT = VALUE.
#ice.dragon Bro your English is excellent but please, explain in simple word
Obviously not that excellent as you could not understand, but I will and sorry. I was ranting.
My point simply: Bitcoin began as a currency a way to buy something from one person using digital money. It was able to do this because at the beginning the fees were negligible. As time has moved on and the value of Bitcoin has increased so have the fees and transaction times.
Transaction fees because the network can only handle so many transactions at once. So if there are 10 people a minute using Bitcoin to buy stuff we are fine, but if there are millions of people we are not. Likewise as Bitcoins price increases so do the fees. If a Bitcoin rises in price to $1 million then the fees per transaction will increase at the same rate. This is partly why people call it "gold" because it can no longer feasibly be used as a currency but more as something that just has value. And to me it just having value is not enough. Gold is actually limited no one could create more gold, you and I could just copy paste the Bitcoin and create Bitcoin 2 and it would be the exact same for all intents and purposes. Except it would have less value because it would be on a different network. We in no way could create more gold, if we could though that gold would join the same network, the world, and be equal in value to all other gold out there.
This is why the lightning network was created, to solve this issue. The issue of high fees and slow transaction times, it can take up to 30 minutes to process a single transaction which is useless if you want to use Bitcoin at a store. But the lightning network has problems too, some being it makes the coin no longer decentralized while on the network, someone is going to have control which goes against what crypto stands for. The other being as more people use this network fees will have to increase as well, not as much as Bitcoin but still fees. And finally the lighting network is more susceptible to theft and hacking which is Bitcoins main feature security. I am not a tech guy but will post some articles I found relevant on the Lightning Network below.
All that being said litecoin is better than Bitcoin but worse than other altcoins. There are altcoins that are faster, have lower fees, and require much less energy (another factor in the cost Bitcoin takes.)
Some people claim that Bitcoin has value because it costs money to mine it, whereas I do not believe that something costing money means it has value. I could work all day with a pick axe along with 100 people and never find any gold. It would cost us time and effort but the rocks we came out with would not have the value of gold, but the value of rocks.
I guess that is the point I was trying to make I hope this helped and was understandable. And also this is my personal opinion and I am by no means an expert on investing or technology, it is just what I see.
https://www.investopedia.com/tech/bitcoin-lightning-network-problems/
https://medium.com/@jonaldfyookball/mathematical-proof-that-the-lightning-network-cannot-be-a-decentralized-bitcoin-scaling-solution-1b8147650800
https://thenextweb.com/hardfork/2018/06/26/lighting-network-transactions/
True
ya, hope so I will reach to moon soon.
Waiting for bull run