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Unless trading on exchanges or seeking volatility returns from Bitconnect, why would we want a $5k BTC right now? Won't that make BTC harder to accumulate for the long haul with lower mining returns/higher costs? Fiat value should ideally be less important at this phase of adoption if we believe in the what cryptos will be for society over time, no? Just get as many as we can as cheaply as possible if we're looking to hold...
But you need to be real confident it won't be eclipsed by better tech (more applicable to HODLers rather than traders). Fact is: first and best are not necessarily synonymous.
It's all about the brand name, people all over the world know bitcoin. Thats all that matters the masses and third world countries that will adopt it don't care about better tech... as long as it works.
This is not true across the board. Once upon a time there were social networking/media sites called MySpace and Digg that had both market dominance and brand recognition.
those are web apps... not really a good comparison, Crypto functions more like Stock Shares.. which can also lose consumer confidence.. and if bitcoin loses confidence .. all coins will be fucked for a long time.
It actually might reach that level soon. I believe it should correct though after it reaches that level since the next major Fibonacci level is at around that price point.
Who knows but i'm hoping it will chill out a bit and let the altcoins catch up!
Wouldn't be surprised if it goes into a downtrend in the near future... at least to retrace these huge gains
Very short maybe few weeks but everybody waits for tehnical corrections to 3500 but ot will be for a few hours maybe he went from 2700 to 4000 in 2 days that's little too insane if you agree i am 70% in bitcoin for now waiting for correction to put the rest of 30% fiat currency
I didn't know you could do live on steemit. I know it's an unpopular opinion but I don't think bitcoin will reach 5000 in 2017. And it's also due for a big correction, likely in the next 2 weeks. We will see!
@trevonjb, Another amazing video. You're doing a fantastic job by keeping the beginners like me updated about BITCOINS and other crypto currencies. Keep it up bro. Resteemed.
This post has been ranked within the top 10 most undervalued posts in the second half of Aug 13. We estimate that this post is undervalued by $78.17 as compared to a scenario in which every voter had an equal say.
Yesterday's news of Goldman Sachs investing in Bitcoin seems to imply that the whole (fiat) financial sector has it's eyes on the crypto market. On one hand this supports the idea that the $5,000 benchmark will be reached soon, however, I can't help thinking that the kind of money (/quantity) that any one of the big banks has, could easily create extreme fluctuations of e.g. the Bitcoin value. It is just a bit uncanny.
Last year when Mr Bill gates prodicution the very soon IBTC value will more then the 10000 USD that time lot of people was surpriesed but now specially last quarter of this year shows that the Bitcoin can be increse value like built sppeed no buddy know it cross 5000 usd mark may be in next 24 hours.
It will....and then the bitcoin bubble will burst, because it's slow as hell. Dash will be the crypto king.
This post received a 4.9% upvote from @randowhale thanks to @ericwoelk! For more information, click here!
Unless trading on exchanges or seeking volatility returns from Bitconnect, why would we want a $5k BTC right now? Won't that make BTC harder to accumulate for the long haul with lower mining returns/higher costs? Fiat value should ideally be less important at this phase of adoption if we believe in the what cryptos will be for society over time, no? Just get as many as we can as cheaply as possible if we're looking to hold...
November.
This post received a 5.0% upvote from @randowhale thanks to @surprisebit! For more information, click here!
21 million total supply - millions of lost coins / 7 billion people. You just need 1 be apart of the future 1%.
But you need to be real confident it won't be eclipsed by better tech (more applicable to HODLers rather than traders). Fact is: first and best are not necessarily synonymous.
It's all about the brand name, people all over the world know bitcoin. Thats all that matters the masses and third world countries that will adopt it don't care about better tech... as long as it works.
This is not true across the board. Once upon a time there were social networking/media sites called MySpace and Digg that had both market dominance and brand recognition.
those are web apps... not really a good comparison, Crypto functions more like Stock Shares.. which can also lose consumer confidence.. and if bitcoin loses confidence .. all coins will be fucked for a long time.
It will definitely reach that price level. If you combine the prices of BTC and BCH, you can say it has hit around that price point a few times.
It actually might reach that level soon. I believe it should correct though after it reaches that level since the next major Fibonacci level is at around that price point.
That's a no brainer
https://steemit.com/bitconnect/@kayaman/bitcoin-investing-sites-that-are-trying-to-scam-you-and-are-succeeding
Check out my article where I explain why I believe that Bitconnect and its clone sites are scams!
Hi Trevon, unfortunately your video is blocked, because of copyright about LittleBabyBurn...
This week! maybe I should work for J.P Morgan since the dude that said bitcoin could be $55,000 by 2020 apparently gets a headline and I don't lol
soon please, very soon :)
Who knows but i'm hoping it will chill out a bit and let the altcoins catch up!
Wouldn't be surprised if it goes into a downtrend in the near future... at least to retrace these huge gains
That's true. I have few in my profile but I am positive on Litecoin. Chances for good return awaits.
By October Bitcoin will reach 5K if all goes well
We can't Imagine and we can't analyze Bitcoin, So let's see in the future and if you believe that it will go-up then Buy it FAST
You making hella money on your posts my guy. I rem seeing you when you first joined up!
only time will tell
Very short maybe few weeks but everybody waits for tehnical corrections to 3500 but ot will be for a few hours maybe he went from 2700 to 4000 in 2 days that's little too insane if you agree i am 70% in bitcoin for now waiting for correction to put the rest of 30% fiat currency
It may reach before the end of this month...Nothing can stop it now!
Or a lot quicker, if it has another runup like the other day...
no sleep until 5000!
Nice .. It's a shame we did not invest more in Bitcoin. Anyway, I'll invest in Litecoin anyway. What do you think it would be worth?
by the end of november
may be after a year
pretty soon.
Great show, as always.
next 2 month's for sure as I said in the live video :)
I didn't know you could do live on steemit. I know it's an unpopular opinion but I don't think bitcoin will reach 5000 in 2017. And it's also due for a big correction, likely in the next 2 weeks. We will see!
Bitcoin went from 3k to 4k Extremely fast, even with the split of bitcoin cash, if it stays like it'll hit 5k sometime in September
Before you say Jack Robinson :)
Bitcoin should be 5,000 + by the end of this year:) Someone said it will be 25,000 per coin by 2020. Only time will tell.
I think they will reach 5,000 in a couple of weeks, at the latest, in a month.
@trevonjb, Another amazing video. You're doing a fantastic job by keeping the beginners like me updated about BITCOINS and other crypto currencies. Keep it up bro. Resteemed.
soon!
BTCC CEO Lee Pegs Bitcoin Price Between $5,000 and $11,000 by 2020
I mean the way it's moving now I say it may hit 5000 by the end of the week.
great blog, upvoted
It will reach it by the end of September at least.
It seems like we're going to get there pretty quickly Tre, was cool hanging out on live today, I gotta go back to work tomorrow :(
Tomorrow !
I Hope....
Won't Happen But It Will Be Cool
By the looks of it i feel by the end of the month i can't see it taking any longer
March 2018!
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Isn't it crazy that first segwit block may be on Aug 21st? I am shocked at price now so I am not a good predictor.
Yesterday's news of Goldman Sachs investing in Bitcoin seems to imply that the whole (fiat) financial sector has it's eyes on the crypto market. On one hand this supports the idea that the $5,000 benchmark will be reached soon, however, I can't help thinking that the kind of money (/quantity) that any one of the big banks has, could easily create extreme fluctuations of e.g. the Bitcoin value. It is just a bit uncanny.
Outrageous growth for sure! 1000% in a year?
.
bitcoin ,very nice, i like the it post thanks,
follow me , and resteem
Where is Bitcoin flying? to moon.
https://steemit.com/bitcoin/@myego13/bitcoin-unstoppable-2017813t4179229z
Soon it will be $5000. but it will fall down again to aprox 3400$ because its looks like overprice.
Last year when Mr Bill gates prodicution the very soon IBTC value will more then the 10000 USD that time lot of people was surpriesed but now specially last quarter of this year shows that the Bitcoin can be increse value like built sppeed no buddy know it cross 5000 usd mark may be in next 24 hours.
in this month i think