Many were hopeful that Bitcoin would make it to $10 000 by the end of the year.
Well it's just blown past that milestone like it was parked.
What? besides speculation and hype is driving this massive rise in price? It could be plain old manipulation but it could also simply be that there are some really good underlying fundamentals.
Could it be that non-crypto investors are cottoning on to the fact that it is a great hedge against existing currencies, economies and governments? that are overburdens with debt and derivatives?
There are more high net worth individuals in the world than there are Bitcoin. Even among only the super wealthy they would not be able to own a single bitcoin each. They might want too because it doesn't take a rocket scientist to realize that owning some bitcoin can protect you from a number of financial shocks. It definitely needs to be in everyone's portfolio.
Like the start of the internet was developed by the US military to survive nuclear war and destruction of cities, bitcoin can survive the collapse of fiat currencies, governments, states and economies due to its globally distributed nature.
I am sure that Bitcoin will always survive and nothing is going to change much.
The genie is out the bottle
Please don
t be so naive.Understandthe blockchain technology and realise where thecontrollersof Bitcoin could be its own downfall. Blockchain is the technology and Bitcoin is an app on that technology. At the moment, the FIAT Currencies ($, £, EURO etc.) are hyper-inflating in relation to Bitcoin. But as the transaction fees and delay in transaction times continue to rise and increase (without being addressed/ combatted) then Bitcoincannotbe accessed or affordable to mainstream (for one reason or another).I see the only weakness regarding digital currency is access to electricity and American electrical grid is fragile and centralized...we need a diversified decentrized hardened electrical grid electrical grid!
Totally agree! One good CME or EMP will be the end of cryptocurrencies and blockchain. We need to harden (Faraday cages) and move to micro-grid installations for local communities, large organizations and especially data center!
#helpmegrow
A really good EMP or the like and we are all back in the stone age.
The possible collapse of fiat currency markets is one of the big reasons I got into cryptocurrencies.
Now, if only I could raise the funds to buy even 1 Bitcoin - it hit $11,100 this morning. I believe it will go to $12,000 before Friday.
We will have to wait and see.
I am with Bitcoin, but i think it will be stable and will come down one day, because unless it is stable we won't be able to use it as a currency for daily transactions.
It also need to be less power hungry
it will go $14 000 by the end of the year.
We hope.
I firstly want to start off by saying Thank you for the great content. I am a early adopter and long term holder of BTC and recently moved a great percentage of my portfolio and profits back into BTC and will be keeping it this way . No matter what happens in the market I believe that the community behind bitcoin is Great and loyal and will continue to overcome future obstacles. I truly believe that the long term holds will get the best pay out of it all !
The next biiiiggg obstacle is mining power consumption and that never ending arms race.
No disagreement there , you’re 100% right about that .
Yes bro i think you right.
bitcoin ...... hu hu
Greetings, good publication, very interesting. I wait for your comments in my publications to be able to improve and do quality things. Thank you.
You have a really nice post! Yes BTC breaks all rules :) Now his growing up like are racket!
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STOPBitcoin is certainly making the FIAT Currencies ($, £, EURO etc.) hyper-inflate in relation to it. But, if the transaction costs and delay in transaction times of Bitcoin continue to go up and increase, then only the rich will be eligible to use it.
bitcoin is