Bitcoin Could Explode In October (In A Good Way)
October should be a very good month for bitcoin. Not only do we not have to worry about another hard fork from bitcoin gold yet but also China has announced it will be opening up two Chinese Bitcoin Exchanges when the legislation comes into effect October 1st. Both OKcoin and Huobi will be permitted to continue operation until the end of October.
This also leads one to believe that bitcoin exchanges will open under the legislation that is being passed which should bring in 10% or more money back into bitcoin from China.
Not only that but even when nearly everyone in China bailed on bitcoin the price of it rebounded to $4,200 which goes to show the world how much power and backing the crypto currency has.
To me this clearly paints a continued uptrend for the month of October.
Now November maybe another story as yet another hard fork is poised to take place.
Here is my take I wrote on it (using platform steemit): https://steemit.com/bitcoin/@greenman/all-cryptos-are-the-same-and-you-need-to-get-in-now-because-they-are-extremely-low-priced-for-the-invention-of-computational
good
While the China news kicked in and the price tanked, a lot of good news came out (property sales in different countries, Japanese company starts mining, ect.) I think we are really on a turning point where BTC goes mainstream and the current elite really begins to worry and tries to fight it.
Its going to have to overcome the scalability issue first if it wants to go mainstreem
Bitcoin has crossed its all-time high price. What do you estimate the Bitcoin price will be in 2020, and why do you think so?
I personally estimate that the price for a single bitcoin will be between $5,000 and $8,000 USD in 3 years
$20,000 to $50,000 would be my estimate for 2020
That is a very good number. I like your thinking.
I am going to peg BTC at $6K by year end.
I dont think the fork will slow it much.
Yep i going to the moon :)
Is this hard forking similar to printing fiat by powerful people in the industry?
bitcoin split in 15 nov 2017
You couldn't of said it any better.
I knew these hatred for bitcoin is going to be temporary. As more adoptions sets into the crypto-world, those banning are going to be playing catch up sooner than later. Thanks for sharing the post.
This will be LEGENDARY if we can really GPU mine BTCGOLD :) Lets go
Bitcoin is Coming Down again...