BchainTalk Forum - Community for Blockchain Believers

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

Latest topics
» Social Media Race for Decentralization
Today at 4:33 am by Vladdirescu

» VIB Token Listed On Bittrex, Viberate Enhances Relationship With Charlie Shrem
Yesterday at 8:18 pm by Vladdirescu

» Self-Sovereign Identity Leader, SelfKey, Announces Public Token Pre-Sale
Yesterday at 4:23 pm by Vladdirescu

» Cointed Token ICO – starts in less than 24 hours
Yesterday at 2:00 am by Vladdirescu

» Cryptocurrency and Blockchain to Provide West Africa with Efficiency
Yesterday at 12:33 am by Vladdirescu

» Financial Solutions And Crypto Debit Card Provider Etherecash Launches ICO
Wed Dec 13, 2017 11:34 pm by Vladdirescu

» Coinfirm Partners with TokenMarket to Bring Effective Anti-Money Laundering Process to ICOs
Wed Dec 13, 2017 10:49 pm by Vladdirescu

» Bitcoin Price: A Decline After Another All-Time High
Wed Dec 13, 2017 9:50 pm by Vladdirescu

» Is Blockchain the Solution to the Global Education Gap?
Wed Dec 13, 2017 6:19 pm by Vladdirescu

» FinTab: The Accounting System for Cryptocurrency Portfolios
Tue Dec 12, 2017 11:41 pm by Vladdirescu

» The Tokenization Phenomenon: New Digital Assets Are Earning Investors Billions
Tue Dec 12, 2017 8:21 pm by Vladdirescu

» Is DAG to Overcome Blockchain?
Tue Dec 12, 2017 6:19 pm by Vladdirescu

» Hamster Marketplace Announces Token Sale for Its Blockchain-Based Retail Platform
Tue Dec 12, 2017 5:19 pm by Vladdirescu

» The First Blockchain Platform that Allows to Earn on Scientific Works
Tue Dec 12, 2017 4:46 am by Vladdirescu

» The Dollar Vigilante Becomes Experty Ambassador
Tue Dec 12, 2017 3:54 am by Vladdirescu

» 18+ Content on the Blockchain: the Okoin System Launches ICO
Tue Dec 12, 2017 3:19 am by Vladdirescu

» Bitcoin Price: Hitting $17,000 After CBOE’s Futures Launch
Tue Dec 12, 2017 12:20 am by Vladdirescu

» CRYCASH Forms Partnership with Video Game Behemoth CRYTEK, Launches Token Sale to Introduce Gamers to Cryptocurrency
Mon Dec 11, 2017 7:41 pm by Vladdirescu

» The Blockchain Explained to Web Developers
Sun Dec 10, 2017 10:07 pm by blockchainjobz

» Skychain: Blockchain-Based Data Marketplace and AI Marketplace
Sun Dec 10, 2017 3:53 am by Vladdirescu


Bitcoin is a Bubble. But It Won’t Burst For Long - Akke Svenson, Rahakott CEO

View previous topic View next topic Go down

Bitcoin is a Bubble. But It Won’t Burst For Long - Akke Svenson, Rahakott CEO

Post by Vladdirescu on Wed Nov 29, 2017 10:35 pm

On Monday, November 27, Bitcoin has gone too far, touching another all-time high at $9,640. And it looks like it’s not the end.

Greed and Rush

Cryptocurrency has gained more than 870% during the year, and now the key question – whom or what can stop the process? Bitcoin’s sharp move higher only supports the speculative demand for the asset, despite the growing speculations on the nearing bubble burst.

The fear of missing out is driving the mass desire to buy cryptocurrency. Those who didn’t believe in Bitcoin at first sight are gradually changing their opinion. And those who saw their friends earning good money on the cryptorush want to jump aboard the leaving train and join the market en masse.

Consensus Omnium

The constantly popping up news confirming the cryptocurrency’s status at well-recognized marketplaces is an additional driver of people’s interest.

For example, СМE Group, the largest North American derivatives marketplace, offering the widest range of futures and options products and uniting commodity exchanges of Chicago and New York, has recently announced plans to launch Bitcoin futures. It is practically the acknowledgement of crypto assets potential by behemoths of the market.

Besides, there are interesting data on crypto assets global expansion. Bitcoin is already an official means of payment in Japan. Moreover, the number of companies accepting cryptocurrency as payment has grown by 12% during the period from August to October!

https://coinidol.com/bitcoin-is-bubble/


Vladdirescu

Posts : 328
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