Bitcoin Price Ignition

Bitcoin Price Ignition
The market has re-ignited after the uncertainty of UASF BIP148 has been somewhat resolved & the start of BIP91, BIP141 and SEGWIT.
The miners have locked in BIP91 and it looks like SEGWIT will activate in the next few weeks. The pressure of the User Activated Soft Fork is 'forcing' a path forward one way or another. In summary the signalling from the miners in the last two days has strengthened the Bitcoin price. SEGWIT2X hardfork is on the horizon 18th November and there are so many things that may happen we will just have to wait.
There is a great video by Jimmy Song, Ivan on Tech & Michael from Box Mining that explains the above click here to watch the video on YouTube

The price has neared the last market peak and it looks like it may cross the $3000 USD price very soon, possibly before 1st August in a price run before the uncertainty of implementation. 

Initially I had projected a $3000 price by the December 2017, but it looks like it will happen any day now if only for another spike. However the importance of crossing this margin cannot be overstated as this will add legitimacy and publicity that will lead to more adoption. The only brakes at the moment are it's scaling growth pains but this will be resolved soon withing the next few weeks. That will lead to a new price floor and the next cyclic jump... 
Till $3000 USD.... happy Bitcoin-ing.





Comments

Post a Comment

Popular posts from this blog

Bitcoin and Blockchain Terminology, PPING, FOMO, FUD, KYC etc

Image
Bitcoin and Blockchain Terminology You may have noticed that I like to refer to this market as Digital Assets instead of crypto currencies, why? Well I have an aversion to the term crypto currencies on three levels (the fact that blockchain and the mathematical cryptographic algorithms that maintain the platforms is no the point); Firstly, the media or fake news apply a negative connotation to the term. This plays into the narrative of all the stakeholders that are threatened by Bitcoin and the blockchain,    Secondly, not all blockchain technology is currency based. For example platforms like Etherium are smart contract/ platform based, Iconomi is a token based asset that is backed by Digital Asset Arrays, in the blockchain market place & Thirdly, the "crypto" aspect of the market, the "anonymity" of the user is questionable in many of these digital assets as the blockchain of many is able to be viewed (like Bitcoins Public Ledger) and the linking of
Read more

Bitcoin Price.....What's going on?

Image
Bitcoin Price.....What's going on? If you have been following Bitcoin recently, you would have seen the price rise dramatically. So what's with that? Well There are a couple of reasons that should be considered. Firstly there has been recent exposure in the media, in Australia on the news (SBS), radio has mentioned it, In the US, CNBC has covered it, the sitcom; Big Bang Theory... The result is as more people find out about it, adoption increases. From a retail point of view (being full time shop & ATM operator) I have a unique point of view, it's not just speculation and technical analysis of charts.. I see everyday people coming in to the shop here and ringing me on the phone. I can confirm, interest in Bitcoin is building & everyday people are getting in. The price rise is partially due to this new money coming in. Another consideration that has been floated is that there may be manipulation with Tether USDT, there have been claims that Bitfinex & Teth
Read more

Bitcoin here it comes, price rise & fork..

Image
Bitcoin here it comes. Here we go again on the next rise, to where? If we follow the history of Bitcoin, we will see that we are riding what looks like a next wave of adoption and value absorption. The price is hitting $6643AUD ($5191USD) and looks strong at the moment, with a $600+ increase in the last day. this is a significant amount overnight. Look back on past price spikes and consolidations, it looks like this next surge will push over $6000 USD soon with a pull back before November with the coming contentious hard fork. Who knows though there might be a bull run all the way through to the contentious hard fork right? The market is fantastically volatile and that is the attraction to the digital asset space 20% spikes overnight, exponential growth curves and some catastrophic pump and dump project/ scams. There is so much contention in this technology space as rival development projects jocky for market share and dominance. The exciting thing about this space is that it is
Read more