It's been few months, the market is still bearish. Bitcoin has been falling through the floor month on month breaking all major support levels. With some hot news geared up in the first week of July, Bitcoin could fall even more. However, this is all temporary, the big news is about to come after all the bearish trend washed out.
Facebook adaptation of Blockchain and signs of Coinbase Exchange Acquisition:
Coinbase has made some interesting moves within their company like the launch of Crypto based Charity fund - GiveCrypto.org.
While on the other hand Facebook lifts the ban on Crypto Ads, however the ban on ICO's continue. The ban on ICO's is good for the overall community as most of them turned out to be scams.
Additionally, one of the Coinbase board members is head of Facebook. Moreover, Mark Zuckerberg has formed a division of blockchain and invested a huge amount to adopt this technology. Blockchain is not only secure but also gives tremendous control and privacy to its users. Amid all the privacy concerns for its users, moving to blockchain technology could be a big relief for Facebook.
All these signalings towards a big acquisition we never thought of. Since the beginning, Zuck attitude has been either "you buy it(Whatsapp) or you destroy it(Snapchat)". It's quite obvious that when the regulations are calmed down, Facebook will see a right time to jump onto acquiring Coinbase Exchange.
Twitter CEO has been promoting Bitcoin since a very long time:
Jack Dorsey openly stated many times that Bitcoin will be the single largest currency of Internet in the next 10 years. That's not too far. By this time all the bitcoins will be out in circulation and Bitcoin price will already reach to moon.
Once criticised Institutional Investors, now bowed down to Blockchain:
Some of them include;
- Bill Gates
- Goldman Sachs
- JP Morgan
- Jack Ma
- Uber
The above are just few names, every company and CEO knows the potential of blockchain except the governments.
Apart form these, Internet is making a transition from Web 2.0 to Web 3.0. Almost, every company is adapting Blockchain technology. Video Streaming, Music, Banking, Insurance, Security, Data, etc. Blockchain has it's application in almost all the fields.
Introducing ETF's to Crypto:
This will be a huge move in Cryptosphere. ETF's will give more legitimacy to the industry and a lot of institutional money will be pumped there after. SEC is about to give a clearance on this and we should soon see some ground breaking news on Crypto ETF's.
Additionally, 82% of the Institutional Investors already think the Bitcoin price has tanked and time to jump into the game.
Few Billionaires debate between Blockchain and Bitcoin. They are in support of Blockchain but not Bitcoin. However, they will eventually come to a point where they realise Bitcoin exists as long as Blockchain exists.
Below is an estimated Bitcoin Price Prediction, gear up, its moon time:
Si Mark crée sa propre pièce de monnaie et que 2 milliards de personnes y vont, le bitcoin pourrait perdre sa domination.
Hey @jiohighfive Not able to understand the language but thanks for being part of this community.
i dont think facebook is going to buy coinbase. having the price explode is not going to be good as it will cause more panic later on as the price comes down sharply as well. we need a slow steady rise after the price adjusts to a certain range.
Your comment makes a lot of sense, we will see how things go between them.
Your comment makes a
Lot of sense, we will see how
Things go between them.
- bitpopsy
I'm a bot. I detect haiku.
Maybe, bits and pieces of good news won't help,it need something really big .This trend is continuously been following from the time it started dipping down from its $20000,every now and then some big hot-shot said something positive but it did not help the cause.
I agree with what you have mentioned, but according to a lot of trade analysts and also instiutional investors, bitcoin has already hit it's bottom. From this level, it's highly unlikely for the price to fall further. Additionally, we see some positive momentum the last few days, once it breaks the resistance of 6800 surpassing $7k, we should see the price hovering around $9000. Hope for the best, and am very bullish on current market conditions.
@bitpopsy Really good news about crypto currency are coming from different different places but even now i am thinking it will take time for bull run and according to my opinion it will start on august.Please share your opinion and please who will be reading my comment please share your opinion too.
Agree with you, it should either start at the end of July or first week of August. Let's hope for the best.
Zuckerburg laughed when Yahoo offered 1 Billion to buy facebook because they were massively undervaluing the company. Now look at Yahoo and look at facebook. Coinbase should not even think of giving in to the broken centralized system that Facebook has become. Wait a few years and Coinbase will be able to buy facebook, even though they won't want to.
Interesting thoughts, whatever you are saying is quite possible.
Interesting thoughts,
Whatever you are saying
Is quite possible.
- bitpopsy
I'm a bot. I detect haiku.
I think the fact that Facebook just reversed their ban on crypto related ads... AND Zuckerberg evidently having an interest in acquiring Coinbase is pretty telling that "something" is in the works.
That said... the one thing that makes me a little nervous is the idea that we're moving towards centralization here...
Interesting thoughts, agree with what you have said.
i agree
Zuckerberg having an interest in buying Coinbase is a myth. Look at the Independent and Economist articles that started this myth, there is no evidence in them to substantiate this claim. Yes facebook acquiring Coinbase would be good for the industry, but at this point its just wishful thinking and false news.
That will be fine , we are with patience , anytime we may experience bullish nature of Crypto market
Yeah, @pksur it's just the time scale.
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Didn't knew this. Thanks for notifying.
@bitpopsy bla...bla....blaaaa..bla......We have been hearing this for the past four months.
I understand your frustration, but patience is the key.
@bitpopsy Anyway, I have come in crypto for 3 4 years so I have to wait.
??
BTC bear trend seems over. price is now strong support zone 5400 to 5800 area. bullish reversal expecting soon.
Goddam right.
Its revival is destined and it will surely happen. Blockchain is great technology which created it .Good post friend!!!
Hey @ceatlove thanks for that.
heard that someone had put 93000 bitcoins on some exchange....
woud this affect bitcoin ???????
No, it shouldn't effect much of a long term trend. However, if the person buys massive amounts of alt coins with bitcoins, that would drop down the price of the alt coins. But, that's quite temporary, the price should automatically revert to normal within 48-72 hours of the trade execution.
Very informative content. But do you think that all were planned before like from last week or so we are hearing all the good news regarding crypto & as we see the bitcoin chart its also showing some bullish movement. So what's your thoughts on this @bitpopsy ?
We already touched bottom, only a little is left. We have a strong resistance @4200, but even if bitcoin plunges to that level, it will bounce back immediately. So, from this level chances of going down is low.
If Mark creates his own coin and 2 billion people go for it bicoin may lose its dominance.
Right, but people don't want to give that much power to one company. Am pretty sure crypto community can understand the value of decentralization and mark won't initiate the same.
well said
you have been upvoted please do the same follow me in and i will follow back
Returned you the favour. Followed.
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etf's and then china lifting the ban
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Great article, thanks a lot. Yes, the next big "bubble" upwards is on the horizon, sometime in the next 6 - 12 months. The price prediction chart is missing several 0's on the y-axis, though.
"By this time all the bitcoins will be out in circulation " I believe the last bitcoin won't be mined until about 2100, assuming the planet still supports life at that point. Sorry, I don't have a link for this but mining difficulty gets exponentially more difficult so as more coins get mined, and more people mine, the slower the coins get mined into existence. Good article.
Zuck is a gangster business man he will start his own exchange platform and kick coinbase out of business if they fail to sell it to him. His exchange will be massive with better expertise and it will easily knockoff coinbase.
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