Lunar Will Take Bitcoin to the Moon...
And other digital currencies will enjoy the ride. Coinbase is about to launch the first licensed exchange in the US. This exchange will not only allow US funds to be brought into the scene openly, but it will guard US investors from hackers ultimately bringing in a lot of the people who are still sitting on the fence. It still amazes me how many people say, "Bitcoin? Isn't that illegal or something?" I mean, seriously, one in every five people I talk to face to face about cryptocurrencies says that.
That is really sad. It shows just how good the powers that be are at propagating false information. Coinbase's new exchange, thought to be called "Lunar " has the blessing of over 50% of the United States, including New York. New York has done more damage to Bitcoin's adoption in this country than any other entity.
This is a really monumental day. With Bitcoin's US adoption looming just hours away, we are likely to see some pretty huge pops in Bitcoin prices. Sure, these will be short term, but I really believe that the hype of the US people is unlike the hype of the world. When the US gets excited about something, they really get excited. So, I don't think these ups are going to go away soon. I think we are going to see an overall rise in Bitcoin prices. As the coin gains mainstream adoption in the US, we are going to see demand increase dramatically.
However, as we all know, Bitcoin is naturally disinflationary. In fact, it's probably the only thing that will genuinely tell the US people, "No, you can not have more of me, no matter how much you pay." That fact alone will be enough to drive the hysteria. The people of the United States can not STAND shortages of any kind.
Bitcoin will not be the only coin to enjoy a healthy pop in popularity. This rise of prices in Bitcoin and Bitcoin cash will herald a golden age of Alt-Currency trading. With regulatory agencies approving of digital currencies, it's only a matter of time before "Isn't that illegal?" becomes, "It would be a crime to miss out." Once digital currencies are shown to be as profitable (and even more so than they have been) to the American people with the blessing of state governments, people, I promise you....
Bitcoin will go to the moon and the alts will definitely enjoy the ride.
Then again, that's just my2btcents.
Image Source: today-news.com/img/article/805/30_main.jpg
Source: https://www.bitcoingg.com/coinbases-lunar-becomes-first-us-regulated-bitcoin-exchange/
thanks for vote share
I like your phrase "drive the hysteria." Considering the phenomenal growth of cryptocurrencies this year (well, the past 5 years), it's surprising that cryptocurrencies are not yet shooting to the moon.
But the infrastructure keeps on being developed, the space keeps expanding, and cryptocurrencies are increasingly being adopted. Soon, almost everybody will be taking about bitcoin, and nobody will continue to believe that it is illegal. They will know it's for real.
Well, New York shut down the first exchange floor for Bitcoin. The "Bit License" really threatened to do some damage in this country, but in reality... There is no choice... We can all hold hands and work together, or we can all just work together. I really don't think there is much chance of anyone actually stopping Bitcoin. And the folks that DO try and stop it? They just look foolish. Digital currencies are a better way. They will see it one way or another : ). Besides, no hard feelings... Everyone knew they would come around eventually : ). I'm just glad to see US adoption gaining so much momentum. It would be a big blow to Bitcoin in general if the US just shut it down completely... somehow.
I think BTC is about to do something special as well. I'd like to see it go to the moon...maybe give me a few days to get all the coin I seek before things take off.
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