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I'm by no means an expert on bitcoin, but I feel as though many people on this sub are way to confident in the future price of bitcoin. Now I'm not saying that this is the case for everyone, but for a decent amount of people who post here this seems to be the case. (To me at least). If you're posting in a sub with over 1m users that you're 100% certain bitcoin will hit an ATH in the next year, or that in 5 few years 12k for a bitcoin will seem like nothing, you may be enticing people to make bad investments. Secondly, some of these bullish posts/comments seem to have no solid basis. Of course there are comments, which do get liked quite a lot, that say: "Don't invest what you can't lose!" But the comments/posts that are extremely bullish far outweigh these comments in my experience. If I'm a noob and see many highly liked comments that say bitcoin will hit 100k in next five years or bitcoin will hit 1 million, and only one or two that say only invest what you can loose, I might be inclined to ignore the latter comment(s). Especially if I have not invested before. Now to the second point. I have noticed that a lot of people here are using price action of the past as 'evidence' for future price action. I am by no means an expert investor, but I believe and have read that while this can be an indication, it is not at all solid proof for future price action. For all we know bitcoin could stay at around 12k for the next 2 years. I want to be clear: I'm not critical of the confidence people have in bitcoin I am critical of those who post/comment that bitcoin will hit certain high prices with no solid evidence. Finally, I want to say that I'm a big fan of bitcoin! I do think that the price of bitcoin will increase a fair amount in the next few years. However, I'm not sure of this and so I'm not investing my life savings! (Or maybe I should, what if bitcoin hits 1 million in the next five years? 🤔)
[ CryptoCurrency ] The price of Bitcoin has now stayed above $10,000 for the second longest time in its history
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The supply of bitcoin is strictly limited!! Just never mind that BTC miners are now holding "inventory", because there isn't enough actual-dollar market demand to sell the freshly mined coins at the price they need to
Bitcoin’s Market Cap is Now Bigger than Bank of America After BTC Price Hit $12K
Bitcoin has just surged to $12,000, breaking resistance, with another $6 billion entering the cryptocurrency market just recently. Bitcoin is currently up 60 percent on the year, while other cryptocurrencies outperformed the world’s largest cryptocurrency with over 80 percent gains across the board.
08-10 15:45 - 'Chain link is now the 6th largest crypto by market cap @ $4.8 billion with a price of $14. Its a total scam tho!! The developers (team) hold 80% of all the coins and they were pre mined. Chain link (being an ERC 20 toke...' by /u/WocketMan0351 removed from /r/Bitcoin within 100-110min
''' Chain link is now the 6th largest crypto by market cap @ $4.8 billion with a price of $14. Its a total scam tho!! The developers (team) hold 80% of all the coins and they were pre mined. Chain link (being an ERC 20 token) uses eth for gas prices and to make API calls which are insanely high right now. Unless you pay over $6-$7 in eth for “gas” or transaction fees, your tx isn’t going thru for weeks. It’s not surprising that Chainlink now has a market cap of $5 billion, because BCH and BSV are right around there to, both of which are total scams of a bitcoin hard fork and are 100% centralized garbage. Tether, another ERC-20 token also has a market cap of $10 billion and its $1 tokens are back by actual dollars as much as USD are backed by gold....it’s a scam but it’s used by lots of crypto traders. XRP.....3rd largest coin by market cap @ $13 billion. Totally centralized shitcoin that was premined and held by the company ripple. It’s absolute garbage. What does XRP do that bitcoin can’t? Why use a centralized coin like that? Bottom line, there is not demand for other crypto’s like there is for bitcoin. Go to any store that accepts crypto (very few) and tell how many stores will accept something other than bitcoin. They won’t. These other coins are fast and cool at face value, but what’s happening under the hood isn’t really any different than the digital currencies that happened before bitcoin. These centralized projects can be squashed, attacked, and shut down by anyone with enough computing power or the govt. bitcoin cannot. That’s what makes bitcoin revolutionary. It worked because no one thought it would, and now it’s so insanely large it’s pretty much too big to fail and it will ALWAYS dominate its ecosystem until something JUST AS REVOLUTIONARY as bitcoin was comes along. Until then, bitcoin will continue to be #1. If I need to be corrected, or someone has something else to add, please do. Criticize me. ''' Context Link Go1dfish undelete link unreddit undelete link Author: WocketMan0351
For now, he’s pegging his short-term bitcoin price target at $15,000. That’s a reasonable figure, to be sure, especially with BTC’s parabolic price performance in Q3 and Q4 2017. Beyond that, though, Keiser has his eye set on the impressive $100,000 BTC price milestone. About Bitcoin. Bitcoin price today is $10,595.82 USD with a 24-hour trading volume of $50,556,435,247 USD. Bitcoin is down 1.36% in the last 24 hours. The current CoinMarketCap ranking is #1, with a market cap of $196,126,817,695 USD. Coin price went from just over $16 to now over $28, as larger coins like Bitcoin (BTC-USD) and Ethereum (ETH-USD) remained flat. A lot of positive developments have also taken place on the Binance ... Bitcoin Price (BTC USD): Get all information on the Bitcoin to US-Dollar Exchange Rate including Charts, News and Realtime Price. ... (The reward right now is 12.5 bitcoins.) As a result, the ... Meanwhile, as bitcoin began its rally past $11,000, the bitcoin options market was signalling just 7% probability of the price returning to its all-time high of $20,000 per bitcoin, data from ...
BITCOIN BULLISH? Bitcoin Now Buys 600 Barrels of Crude Oil as Prices Fall Below Zero
🚨 Get started buying cryptos ($50 bonus after signup) https://platinum.crypto.com/r/pyw45xp454 ENTER CODE pyw45xp454 🌌 TA Tips and Strategies condensed into ... THIS INDICATOR SHOWS THAT BITCOIN IS RIGHT NOW in 2020 GOING PARABOLIC TO THIS EXACT PRICE!! ... Tim Draper predicts the price of bitcoin after the halving! - Duration: 49:17. Crypto Finder ... Will #Bitcoin continue its parabolic trend and put in the best Q4 ever or are we due for a major correction? $BTC India & Iraq premiums, more $100k price tar... BITCOIN TODAY: In this video, I'll go through the Bitcoin news today & I'll make a Bitcoin price analysis. The Bitcoin price is currently falling, and I will... Bitcoin breaks the floor, now what? The price of bitcoin broke key structural support a few days after breaking its uptrend line. So what could this mean? We...