Bitcoin again on the rise, will we see a new ATH this year???
It seems to me that we are on track where we left early january. The People Bank of China tried to manipulate the price (my opinion) by excelling 1 news item over a period of several days.
With the currency markets being very insecure and the big media attention bitcoin got just 1 month ago (when hitting 1k) i got a feelings more and more investors (Wallstreet, private equitity firms etc.) will jump on the bitcoin train.
Kim Dotcom sees bitcoin hitting 2000 USD and becoming mainstream. and I quote: "MU2 and Bitcache will take #Bitcoin mainstream. I expect Bitcoin to hit the $2000 mark within 2 years."
Bitcache purports to be a blockchain-powered method of attaching Bitcoin microtransactions to file transfers. Other endeavors have sought to intertwine the two in the past, with last year’s release of Joystream, a torrent client which pays users for sharing files in an effort to stabilize the distribution of files. Joystream works by creating a market for consumer bandwidth. Conversely, Bitcache will underpin the second version of Megaupload. The general purpose of Bitcache will be to attach a value to every file download as well as protect user privacy through encryption.Dotcom has been alluding to his ability to boost Bitcoin for quite some time. Last February, CCN reported on Dotcom saying that Mega, his encrypted file-sharing service which overtly protects user privacy but is more receptive to takedown notices, would “give Bitcoin a boost.” This statement came on the heels of various payment processors choosing not to work with Mega.
Source: https://www.cryptocoinsnews.com/kim-dotcom-sees-bitcoin-hitting-2000/
Today's volume is already on over 150 million USD, and the money is (again) coming out of china as you can see in this graph:
Well I don't expect it going mainstream not before 2020, nor getting to 2000, but reach in a new ATH at the end of this year may be possible. What do you guys think?
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Easily ATH and pretty soon. Will it hold with community engaged in scaling debate dysfunction and spreading FUD? It's amazing that it is doing this well IMO.
Predictions: If SegWit fails and BU forks BTC, we're fucked for a good while. If Both scaling schemes fail and Bitcoin ETF's are denied by SEC, sell off likely, but probably not "2 years in the desert" like Mt Gox. If SegWit goes live and ETF also, well, Moon rockets engaged. Of course, that would bring lots of govt attention. Now way we're landing on moon without a drama and nail biting edge-of-seat action.
True. Problem is there are too many big ego's if you ask me.
Blocks size need to go up to continue go up else the usability of BTC fails.
ETF is not a thing I consider mandatory at the moment. Segwit however is.
The 'blocks are too full' yet miners will make empty or scant blocks. I understand 'promises' were made at Asian conference... but ASICBOOST puts a new light on things. Even w/o that revelation, I think smart design must put efficiency before size. To do otherwise is painting oneself into an eventual very tight corner.
The segwit operation is the only thing that can stop the bitcoin rise. I do hope we finally get a acceptable solution for miners, tradeers and users.
I think coordinated govt crackdown could drive cryptocurrencies underground, with a big reset on price. Not a permanent 'solution' though. I'm sure other attacks are possible too. But this is a new invention and you can't kill an idea who's time has come.
Reading your first sentence, are you saying SegWit will hurt Bitcoin?