[Текст на српском] In the early morning hours of October 12th, 2017, Bitcoin savagely broke the $5000 limit. What can we expect in the future?
Bitcoin dominance reached 53% in the altcoin market and I could agree with the position of those experts who think that rise is a result of a two new hardfork expectation. People are hoarding Bitcoin expecting the same result as with Bitcoin Cash — that is, getting more of a free money as a result of forking. First fork will be around October 25th, and the other somewhere in November, so we can expect a substantial growth in that period. But what after that?
Although I do not consider myself an expert on cryptocurrencies, based on this little knowledge I've gathered, I can tell you one thing — do not worry about “bubble stories”. Bitcoin will continue to rise relative to fraudulent paper fiat currencies as long as there are fraudulent paper fiat currencies!
Do not forget, on January 1st 2016 Bitcoin was priced at $446, and on January 1st 2017 it was $970…
And as a reference, let’s see how is Bitcoin stands against the closest safe asset in a material world – Gold.
October 12th, 2017. 09:00 CET
Xe.com: BTC to Gold Ounce
1 BTC = 3.98619 oz
Xe.com: BTC to Gold Ounce
1 BTC = 3.98619 oz
I do wonder if these 'limits' are just in the mind, but then it's largely people doing the trading and we see certain numbers as significant. It's been quite a journey for Bitcoin recently, but it looks to be headed for new heights
Thank you very much for your support @steevc :)
My bet is 7000$ before 2018... let's see.
The market is exploring some saturation over the mining at the moment... so anything that brings joy to investors will be hyped somehow... plus, we are reaching an important bar... the 200 billion market cap on crypto... that might also be a positive factor.
I like safe bets @forykw. I'll be satisfied with any growth :)
Thanks for your support.
Likewise... Crypto is per si, just amazing. So, a value on it, its like diamonds on top of gold.
Scary stuff man...it's unstoppable!
As Patrick Byrne, CEO of overstock.com said: It's an extinction event @peter-parker
That WAS SAVAGE!! I watched it climb and not stop! It was STRONG. Seeing that, I wouldn't be surprised if it's $5600 over this next weekend.
I'm chomping at the bit! I'd wanted to buy at $4600 last week but everything takes time. Maybe it'll go back down for another investment.. though it's tough right now, not to dump a lifes savings on it and get it doubled by this summer!
Currently it is at $5100 and is still rising! Thanks for your support @vrrom.
I'm not sure how high Bitcoin will go. Could go to $100,000 in 4 years if it follows the trend.
Bitcoin has finally broken the resistance and its trading higher at 5100, and looks to be heading higher, no stopping it now , this is news for those who said it cant rise but will fall,
I was far too late in Bitcoin, but I feel sorry for today's naysayers @joendegz :)