Bitcoin Breaking Record Highs! Full Analysis and Breakdown
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In This Episode:
Bitcoin BREAKS RECORD HIGH! All Cryptocurrencies Have Gone PARABOLIC!
Bitcoin has crossed over $2,000 to hit its ALL-TIME RECORD HIGH!
Throughout 2017, the price of Bitcoin has been steadily rising without any downward pressure. There has been attention towards other newer digital currencies and technologies which are currently in their infancy but could very well expand in popularity.
Just a few short years ago, Bitcoin didn't even exist, now it has become so pervasive globally.
Look at this chart which indicates the particular data points along this rise in the past several months.
ETF
There have been those who have tried to create an ETF based on Bitcoin. One is the Winklevoss twins.
This would create a massive rush towards Bitcoin as it could be easily traded by those less savvy. It would also become more "mainstream". So far, these attempts have been shut down by the SEC. It's not over yet.
Safe-Haven
What has come as a surprise to many is that Bitcoin has been seen as a safe-haven. With political uncertainty on the rise, there has been a direct correlation with the price of Bitcoin.
Cryptocurrencies
Other digital currencies have been created and have added to the total cryptocurrency market cap.
This chart indicates how rapidly this has happened.
Many have called for the prices of Bitcoin to continue to reach new highs, with no end in sight. Others have suggested this is just a fad and will ultimately leave many people suffering from this generation’s Tulip Mania.
What do you think?
Hey there MGPS its me Pei Cheng Choo from your Youtube universe glad to see you here. Followed and Upvoted. Please don't forget to...
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As you pointed out, David, cryptocurrencies are in their infancy. I made an experiment asking 100 people in Europe: 1) What is Bitcoin? 2) Have you ever heard about Blockchain? 3) Does "Ethereum" tell you anything? You might guess the answer... - only 5 % of the asked have ever heard about Bitcoin in form of the usual MSM narrative: money of drug dealers, pedos, gambling, untrustworthy, etc.
I'm sure there will be pullbacks in price what's needed in every healthy growing market on its ways to prosper in time BUT meanwhile the technology is developing in such a speed we can't even image. The working process' is getting faster, straighter, cheaper, securer and more stabil. In my opinion Bitcoin will be the Digital Gold as a safe haven; the game changer of social life - that "Oscar winning "role will be played by Ethereum; also to mention is Litecoin (fast transactions), Monero (privacy), Digibyte (5 different hashes) and maybe steemit - "to kick youtube, facebook and twitter right in the ass!" Great work, Dave, hold on...
PDF if someone wants to download the latest EEA announcement: https://entethalliance.org/enterprise-ethereum-alliance-release-05-19-2017.pdf
Greetings World!