Today Block 519996 was mined, which set BTC supply to 17 million! Exactly 4 millions more to be mined.
MtGox moved 16 000 BTC and BCH today. People are scared of dump on both chains, yet it was said by team selling coins that deals will be done OTC to not let market manipulation like the first time.
We see price spike above 9000 right now and BitMex longs are looking good.
Pantera Capital CEO said today on CNBC that $40 Trillion Cryptocurrency Market Cap is ‘Definitely Possible’. For reminder its a cryptocurrency hedge fund that runs since 7 years (!).
On the other hand Dominik Zynis, co-founder of Wings (decentralized ICO forecast platform - http://wings.ai - check it) predicts we may dump to 2k again based on history of BTC ATHs and ATLs - Typically bitcoin has declined 80 to 90 percent after reaching new highs before starting the next wave He sees it as just a temp drop before next rally to 30k that may happen later this year.
Markets
Notice how much USDT which is not real USD is used here to pump the price.
Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips! |
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Great post.
THIS IS SCARY WHEN YOU SAY BTC ONLY HAVE 4 MILLION LEFT TO MINE AND WE ALL KNOW IT WILL NOT COMPLETELY MINE IN OUR LIFETIME.
THE SCARCITY WILL DRIVE THE PRICE TO THE ROOF.
SOONER OR LATER SATOSHI WILL BE WORTH A LOT MORE THAN WE THINK.
YOU SEE I DID NOT SAY BITCOIN CAUSE THE PRICE COULD BE SO HIGH IT WILL BE SCARY.
Keep on steemin'
An OTC deal would be a huge positive for the market. Get that out of our minds for good lol
Bitcoin is energetically and computationally inefficient.
Had it not been the case, it would have been quite a catch at current prices.
But there already are more efficient alternatives which are inflation resistant as well.
STEEM is not inflation resistant, but in countries with inflation rate higher than STEEM's, even STEEM can be used as a hedge against inflation, and fact is its price rose.
I do not recommend to buy STEEM, I just wrote about it because it crossed my mind after I started to write.
I predict we will remember bitcoin and we will remember etherium but they will not be The Cryptocurrency in the near future. Remember my words, I am spot on in my humble opinion.
hey you upped yourself !!
Hey who said I don't. What you were doing was not just upvoting yourself. If you still don't get, which you had stated previously you did, I can't help you. Please educate yourself at @spaminator and @steemcleaners for goodness sake if you wish to avoid being flagged by others.
i was just kidding with you! haha
i always try to do correct way in steemit i never did spam to any one i hate it
but there was a problem that i really i didnt know, if you just did tell to me i listen surely and don’t do anythin wrong! it doesn’t need to report to a bad bot! if you want learn something to someone its better to tell them, if they say no no no you report to bot, we are here to help eachother not hurt eachother, goodluck
All of the prediction headlines predict crashes or booms. You never see an "expert" predict that Bitcoin will have moderate growth.
Finally some great news are here. I have already trade long on bitmex. I have also read somewhere that bitcoin might reach $700000 this year. What do you think ?
I think that amount is hopeful
It is possible if you are to use the price movement of the previous years. However, the more mature an asset is, the lower the volatility; therefore, I think it is unlikely for a rise like that.
Great post!
Thanks for tasting the eden!
great news. i wish all the cryptotraders good luck.
very good information ....
A drop to $2k would be insane! We already saw a decline from $20k to $5k which shook the crypto community. I thought this last winter crypto ice age would be the last one before we saw more ATHs, but I guess we can never be too sure.
A great news!
Truly remarkable supply growth when compared to the M1 money supply - M1 often grows as much in a year as BTC will for the infinite future.
Coins mentioned in post:
Buena noticia! gracias informarnos.
Interesting post.
What will happen if all 21 block was mined?
thanks in advance.
This is crazy making all crypto-market going nuts i made a small post about it also.
https://steemit.com/bitcoin/@ychaudrys/crypto-market-returning-while-btc-supply-is-going-down
I have a question. I am not knowledgeable in everything blockchain so if this question is stupid, let me know.
So what happens when the last Bitcoin is mined? The blockchain will still need to be processes for the transactions, so what will they reward those that are processing those transactions on the blockchain? Just curious how that will work.
Once I had this question too when you do not know much about crypto.
First it will not happen in our lifetime.
Some 120 years away
No worries.
link
Keep on steemin'
Thank you for the info. I helps me greatly.
wow great writing
Hi @kingscrown i have resteemed your nice post.
The Mt. Gox situation scares me because they have a tonne of Bitcoin. So much so, that I don't buy the claim they'll only sell over the counter. It would be really difficult to sell that much Bitcoin OTC. And who is to say if they do sell it that way the person who buys it just doesn't sell it on an exchange after buying it?
what you think bitcoin will reaches 21m ? In 2020?
Thanks for the important update! @kingscrown
You're on the @abusereports naughty list! Bad Steemian!
16,000 btc is such a small amount in relative terms but t gets such big publicity because of where they are and which account is moving them.
As long as bitcoin developers keep on working to lower the fees and improve transaction speeds, then no problem. This is the biggest thing holding mass adoption back
No the biggest thing holding it back is honestly regulations. They suck but if you want market adoption that is what it is going to take to tap into large sums of money talking 80 trillion dollars worth
Regulations are a huge part and if we are hoping to get to $80 trillion market cap then they will definitely be addressed. But let’s be honest, btc is slow and expensive. There are lots of coins that are cheaper and faster and yet 1/100th the market cap. Btc miners/developers need to stop squabbling over spinning off new coins and work on making it more efficient
Well they are. Segwit bech32 gives bitcoin 2.2 scaling which is not much. It would give bitcoin 7 tps. Batching(like it or not most bitcoins sent are from exchanges)combines many payment into 1 lowering the transaction stress. LN is bitcoin ultimate goal. Which is being, worked on along with sidechain such as rsk and liquid. Don't get me wrong i don't mind bitcoin cash and the bigger block theory. What i believe is that their is a limit to big blocks. I and many others would like max 10mb blocks. What I do have about bitcoin cash is that their marketing. Ok fine call bitcoin bitcoin core(which isn't true bitcoin cash forked off but fine 😠) bc after all they say bitcoin split in two. Bitcoin cash and Bitcoin Core(which is false by the way but fine 😐). But please don't promote bitcoin cash as Bitcoin(BCH). That is not ok.
And also many altcoins would be stressed out like bitcoin is. Steem and bitshares are one of the few that can handle TXs. But it has increasing supply, and is not bitcoin. And also bitcoin is innovating.. Just testing the tech out and/or not being added quick enough.
Yeah there is a long way to go for all of these coins in the space. I would love to see steem try and get into the store of value field instead of just a social currency, I think the price would sky rocket