Bitcoin Receiving Increased Investors Confidence and More Investment Coming to Cryptocurrecny Market
Bitcoin is continuously breaking its all-time high records lately. So analysts are expecting to see new movement of BTC in cryptocurrency market. Investments into Bitcoin and cryptocurrency are pouring in and general increase in investors' confidence is being seen.
Ronnie Moas, who is the founder of Standpoint Research, is very optimistic and hopeful about Bitcoin's price rising in future.
Homepage of Ronnie's website.
According to his analysis Bitcoin, will rise up $14000 in 2018.
Ronnie set a $50,000 target price for 2027.
On the other hand, Novogratz, the creator of Galaxy Investment Partners will invest $500 million crypto fund in the blockchain capacity. According to him, investors have been looking into cryptocurrecy.
Mainstream institutional investors are about six to eight months from adopting bitcoin. ~ Mike Novogratz
Around the globe, Bitcoin traded around $8300 today but Korean exchanges were trading at 5 percent premium rate. In South Korean markets, Bitcoin is still being traded at the cost of $8500 with $300 premium fee. South Korean bitcoin exchanges have managed to sell Bitcoin even at a high premium during powerful bitcoin rallies.
What does this increasing investors' confidence and more investment coming in Bitcoin mean to the cryptocurrency market? Share your thoughts.
I heard of the Wall Street move in on Bitcoin and cryptocurrency. Since only 21 million Bitcoins can be available at max, investors know that the demand will increase the price.
I see this as a positive sign for all cryptocurrencies, especially the ones with good technology, community and real world use cases behind them. Steem included of course.
Bro @ilyastarar thanks for your comment. The market capitalization indicates in some manner that the BTC currency is now too big to rise , by a measure of its own self, it will most likely Pump up as Bitcoin will be featured regularly in the Remittance World, a sure sign of its success would be the World Bank reporting remittance figures on the Bitcoin platform. Bitcoin is processing many transactions per second that could also take other technologies on top that support high-volume payments. so it means Bitcoin could both process many transactions per second as well as be a store of value like gold.
Bitcoin should stick to being the currency medium for all other currencies and leave the job of acting as a payment for goods to other more efficient technologies. It was the first, but the core developers are strangling it with a desire to keep its legacy functionality ergo we have all these splits..
We also have some theorizing that smart money is beginning to move out and onto Bitcoin Cash. A point of interest is to see what the miners are doing.. https://www.coindesk.com/confusion-euphoria-bitcoin-cash-30-billion-2000/
@pawsdog Why do the critics of Bitcoin seem to have this expectation that all things should be perfect now or else the technology is ridiculous and has no future. Why do they think ithis way? Probably because we are born into this world surrounded by tools that have already gone through the process of adoption. The globally weighted average-high Bitcoin prices are going higher.Every day, the news gets more favorable toward developments in bitcoin cryptocurrency. So keep on hoping the best
Pawsdog point is completely valid. BTC has major governance issues - which suggest future technical improvements are going to be intermittent at best, and may not happen at all if the community gets completely locked.
That is just a fact. It is also a fact that there are many alt coins that are already technically superior to BTC and with better governance will continue to get better very quickly.
BTC may survive as a long term store of value, so called digital gold.
BTC has no chance to become a global payment system at this point. It is too slow, to technically outdated, and with poor governance has no chance to fix itself fast enough to stay relevant as a payment system
I agree
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I didnt know much about bitcoins i think it is possible to approach $50,000 target price for 2027.because of its continous breaking records ..
Thanks lot for your comment @funnystuff. Here I want to say that the world's largest futures exchange plans to launch bitcoin futures by the end of the year, potentially allowing traders to avail too much from this cryptocurrency.
Bitcoin has retraced in the last few days, despite initially rising to a record high of $8400 so its approach to high would continuously go up
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There will soon come a time that it needs to be addressed: Cryptocurrency and taxes https://steemit.com/bitcoin/@xsid/the-problem-of-cryptocurrency-and-taxation
@xsid I think if we hold Bitcoins as a capital asset, we must treat them as property for tax purposes. General tax principles applicable to property transactions apply but those are not too much
In the article, I'm looking a little further into the future - what will happen to taxes when cryptocurrency IS money, and fiat...isn't?
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bitcoin is most online bank i like
Good matching, bitcoin is like a bank having more and more value and giving more and more profit to its users. thanks for your views @kayes12345
its a great news bro thanks for updating about bitcoin
Its my pleasure to share current updates about bitcoin for my dearest nearest steemit fellows. so keep on enjoying my posts about BTC@iwant
1 bitcoin is equal to 8264
Ahan good news best wishes @ahsan047
thanks dear
Indeed, Bitcoin is rocking and going to the moon soon :-) . Great post. Upvoted and following u as always.
Regards Nainaz
#thealliance
in the Bitcoin world, all bitcoin users are going to have the golden opportunity to watch in real time further progress of this currency. Thanks for your kind comment @nainaztengra