BchainTalk Forum - Community for Blockchain Believers

Join like-minded people in a collaborative culture to share & learn.

Latest topics
» Interacting Through Decentralization: Sociall, The Blockchain Social Media Platform To End All Others
Today at 3:22 am by Vladdirescu

» Blockchain Gaming Innovators Chimaera Announce TGE Beginning 23 March 2018
Today at 2:33 am by Vladdirescu

» Physical Bitcoin Debit Cards Are Coming Back to Europe
Yesterday at 7:25 pm by Vladdirescu

» Databroker DAO Launch Pre-Sale and Announce IOT Sensor Data Marketplace, Scheduled March 19th 2018
Yesterday at 6:56 pm by Vladdirescu

» MedCredits Partner With Civic In the First Blockchain Backed Physician Registry
Yesterday at 4:14 am by Vladdirescu

» Huawei is Planning to Design a Smartphone Able to Run Blockchain Apps
Yesterday at 12:21 am by Vladdirescu

» Task Force in the UK Will Study Framework for Potential Cryptocurrency Regulations
Fri Mar 23, 2018 11:40 pm by Vladdirescu

» Regulators to Close Binance in Japan. Binance Moving to EU
Fri Mar 23, 2018 10:41 pm by Vladdirescu

» Blockchain Company Lympo Reveals Plans to Distribute Shares to Token Holders
Fri Mar 23, 2018 9:30 pm by Vladdirescu

» Qurrex, the World’s First Hybrid Cryptocurrency Exchange, is Changing the Decentralization Game
Fri Mar 23, 2018 3:49 pm by Vladdirescu

» Thaler, Property-Backed Stable Coin, to Power $5b Blockchain-based Investment Fund
Fri Mar 23, 2018 3:13 pm by Vladdirescu

» Snowden Revealed a Secret Document Showing How NSA Tracked Bitcoin Users
Thu Mar 22, 2018 9:45 pm by Vladdirescu

» FSB Chair Says Cryptocurrencies Don’t Pose Risk to the Global Financial Market
Thu Mar 22, 2018 9:24 pm by Vladdirescu

» Venezuelan Cryptocurrency Petro Banned by Trump Executive Order
Thu Mar 22, 2018 9:05 pm by Vladdirescu

» Essentia Gives Users Full Control to Their Data, ICO Starts 15.04
Thu Mar 22, 2018 8:28 pm by Vladdirescu

» Intimate ICO Launches Sex Industry Token, 7 Days Until Pre-Sale Ends
Wed Mar 21, 2018 8:58 pm by Vladdirescu

» Crowd for Angels ICO Progressing Ahead of Schedule
Wed Mar 21, 2018 4:39 pm by Vladdirescu

» Market.space Announces Partnership with Web Shield to Secure the Decentralized Cloud
Wed Mar 21, 2018 3:53 pm by Vladdirescu

» Dreams On a Smart Contract
Wed Mar 21, 2018 4:50 am by Vladdirescu

» Twitter May Ban Cryptocurrency Ads, Following Facebook and Google’s Lead
Wed Mar 21, 2018 3:35 am by Vladdirescu

Bitcoin Price is Exceeding All Expectations: It’s Over $11,000 Now

View previous topic View next topic Go down

Bitcoin Price is Exceeding All Expectations: It’s Over $11,000 Now

Post by Vladdirescu on Wed Nov 29, 2017 9:38 pm

It seems the market has gone mad. Bitcoin is surging further, reaching all-time highs every day. However, despite such an overwhelmingly bullish uptrend, there are high chances of a significant correction.

As of Wednesday, November 29, Bitcoin is traded at a rate of over $11,000. In the morning, CoinMarketCap showed the price at $11,082. The uptrend exceeded all expectations, having hit the $11,000 threshold far earlier than was anticipated.

Some experts anticipate an even more significant bullish trend. Billionaire hedge fund legend and former Fortress executive, Mike Novogratz, thinks BTC will hit as much as $40,000 by mid-2018 due to a large number of institutional investors entering the market. He stated on CNBC’s Fast Money:

“There’s a big wave of money coming, not just here but all around the world. What’s different about these coins than other commodities … there is no supply response here. So it’s a speculator’s dream in that as buying happens there’s no new supply response that comes up. So every price move gets exaggerated. It’s going to get exaggerated on the way up. There will be 50 percent corrections. It will get exaggerated on the way down.”



Posts : 526
Reputation : 1
Join date : 2017-04-21

View user profile

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

Permissions in this forum:
You cannot reply to topics in this forum