What Determines the Price of 1 Bitcoin? - Investopedia
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Bitcoin - The Currency of the Internet
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If an influx of some $100 million moves the price of one Bitcoin with a $1000.........
I saw this on Zero Hedge: Oliver von Landsberg-Sadie, chief executive of London-based cryptocurrency firm BCB Group, said the move was likely triggered by an algorithmic order worth about $100 million spread across major exchanges - U.S.-based Coinbase and Kraken, and Luxembourg-based Bitstamp. "There has been a single order that has been algorithmically-managed across these three venues, of around 20,000 BTC,” he said. “If you look at the volumes on each of those three exchanges – there were in-concert, synchronized, units of volume of around 7,000 BTC in an hour”. So there was an influx of some $100 million that caused Bitcoin to rise $1000 a coin. Yes I guess it triggered some shorts to be covered etc.. But an influx of $100 million is just a small amount when looking at some budgets. Russia is roughly buying a million ounces of gold each month, that's more than one billion $. What if Russia decided to invest half of that money next month into Bitcoin... If it would only have the same effect of that $100 million influx Bitcoin would rise $5000 a coin. What if Russia would do that the coming 12 months? What if China decided to join after some months, what if they would double that amount. You can bet other countries wouldn't be just watching and see where the price would go to. Nor would the average investor and others. It will simply be a waterfall of countries, investors, companies and normal people who will blindly jump in and the absurd price movements would make December 2017 look like a minor spike on the charts. Wishful thinking, absurd, dreaming you say? Well guess what I was told halfway 2017 when I said I expected Bitcoin to be worth more than $10k within 5 years time. How could I know it would be double that prediction in only 6 months... It's simple math, if governments, pension funds, investors, etc will just be toe tipping into Bitcoin, the price movements will be so big that December 2017 will look like a warmup party. There will be so many spikes like today, and bigger, for such a long time it will be on every news outlet, in each newspaper, be talked about at every coffee machine, and here at reddit we will see people go crazy like never before. At this moment it's still a gamble if this will work out let alone when, so invest only what you are willing to loose. But once it gains momentum don't think you will have much time left to start learning about it, setup an account, start accumulating. I simply don't see any other escape from the devastating fiat ponzy we are in right now. It will be both the realization of the worthlessness of fiat combined with the insight that Bitcoin is different that will cause an unstoppable wealth transfer. When will you start to see it, start to believe in it, start to transfer your wealth into Bitcoin? At 10k, at 100k? Why don't you think out a plan, make up your mind about what would convince you Bitcoin isn't some scam? At what price level would you think it is safe to gamble/invest 1% of your wealth into it, when to invest 10% of your wealth in it? Would you be ready if the first pension fund announced it invested in it, or if a small country would admit it put some of it's reserves into it? Just think about it, make a plan, be ahead of the herds. The next ath will probably take the price to a level where an average family will have a very hard time to just get 1 Bitcoin, but could easily take it to levels it will just become impossible. Even if after that ath it would drop again with 70-80% it will very likely be way above the current price. And if you would go and explore above samples and realize how much money will be involved it's hard to imagine it will ever again reach current levels once those gates are opened. Compare it to what it would take to invest $5k right now. I try to explain I think it's a bigger risk to have no exposure at all than to miss out if Bitcoin would succeed. Don't go crazy with your exposure, but investing some money you can miss, to me that is more sound than dismissing Bitcoin all together. Don't just believe what i say, learn what Bitcoin is how it works, make sure you understand where you put your hard earned money into. But start learning today, you won't be able to go back in time.
Bitcoin Price (BTC USD): Get all information on the Bitcoin to US-Dollar Exchange Rate including Charts, News and Realtime Price. From there, the price of Bitcoin hit a more gradual decline. In mid-July 2014, Bitcoin was priced at about $600, which dropped to just $315 by early 2015. It remained stable over the summer before spiking in November up to $460. Bitcoin Price (BTC). Price chart, trade volume, market cap, and more. Discover new cryptocurrencies to add to your portfolio. Bitcoin and other currencies are a bit different from oranges in that they are what is called ‘homogeneous’ - one dollar is identical to another dollar, just as one Bitcoin is the same as another. Oranges on the other hand can vary in size and quality. All this means is that it’s easier to come up with a price of a currency or Bitcoin. $169.044.881.316: Current Circulation: 18.437.550 BTC: Total / Max Circulation: 21.000.000 BTC: Ranking Capitalization
Bitcoin Price Prediction $100,000 After 2021 $1,000,000 After 2025
A professional analysis of the current price and trend for Bitcoin / BTCUSD powered by AI. Hope you enjoyed this price analysis of Bitcoin / BTCUSD and subscribe to get fresh videos every day. Until the end of this week, prices may continue to decline. BCH / USD Yesterday the bears pierced the support 220.00 USD and set a daily low around 217.00 USD. Until the end of the day, the ... According to this model that predicts bitcoin price with 95% accuracy, it indicates that bitcoin price will reach $100,000 sometime after 2021 and $1,000,000 after 2025. In this video Dr ... In this video I give you my Bitcoin price prediction 2020 also I give you 6 reason why bitcoin can go up in the future. My Twitter https://twitter.com/JackEllis2345. Bitcoin ( BTC ) price begins a new week ranging north of $9,000 as it awaits cues from macro markets — what could be in store for the coming days? Cointelegraph takes a look at the major factors ...