Looking at the charts, it doesn't look like it has quite happened just yet.
Although I would bet it has happened on other exchanges already.
The CME is set to launch their Bitcoin Futures Products tonight, so it will be interesting to see what kind of effect that has on prices.
My guess is that it doesn't do all that much, considering the last one didn't.
I've been impressed by the lack of BTC selling at every major milestone along the way. It doesn't even really look like it wants to sell off at $20k yet either.
yeah of course it will go to 25+ in january as of my prediction.
Yes, very interesting day. Thank you for posting.
Considering that as bitcoin grows we are observing in last days
I believe that using bitcoin as money will continue to became harder day by day. This is creating really big problem in bitcoin network (average fee for transation is over $20) and is giving a great chance to bitcoin’s competitors (for example, Litecoin and Bitcoin Cash).
So yes, Bitcoin is great by a price-based point of view.. But we have also to consider this significative trade-off that creates a systemic risk for bitcoin environment.
Am I wrong, or is Coinbase one of the biggest gateway for new users to enter into BTC market? This would explain, at least in part, the lack of sellers (that anyway is in last days is a "normal" thing for all exchanges...)
The rise comes as the Chicago Mercantile Exchange is poised to become the second exchange to offer Bitcoin futures. These will allow new institutional investors to speculate on the value of digital currency.
At the same time, the network seems to be a victim of its success. After having passed the 120,000 mark, the number of transactions waiting to be confirmed by minors was still very high, as were the costs associated with them. Figures that make it difficult to use Bitcoin for daily transactions, and that slow down its democratization.
But an answer to these problems could be made next year, with the arrival of the Lightning Network. This will be able to move transactions "outside the chain", to unclog the Bitcoin network.
It is incredible the growth bitcoin has had in so little time, and we have not seen anything yet.
Bitcoin is arguably the grandest display in history of dissatisfaction with the status quo - and each dollar exchanged is an act of rebellion and protest; the middle finger to every bank “too big to fail.”
When Central Banks start buying to the moon!https://www.coindesk.com/2018-year-central-banks-begin-buying-cryptocurrency/