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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.
The author of the controversial bitcoin stock-to-flow (S2F) price model said that at current prices the S2F model is “perfectly on track.” S2F shows the price could hit around $30,000 by the ... Bitcoin Price (BTC). Price chart, trade volume, market cap, and more. Discover new cryptocurrencies to add to your portfolio. Up 5%: Bitcoin Sees Biggest Single-Day Price Gain for 2 Months Omkar Godbole Sep 25, 2020 Bitcoin is eyeing a bull revival above the psychological resistance of $11,000, but a strengthening dollar ... Bitcoin price loses one third of its value in 24 hours, dropping below $14,000. 5 February 2018 $6,200 Bitcoin's price drops 50 percent in 16 days, falling below $7,000. 31 October 2018 $6,300 On the 10 year anniversary of Bitcoin, price holds steady above $6,000 during a period of historically low volatility. 14 November 2018 $5,590 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.
Realistic Bitcoin Price Prediction by the end of 2020 and ...
Time-lapse of Bitcoin's price from 2012 -5/10/2020 on Bitstamp. Song: "Marl1 - Tsewer Beta" Incredible BITCOIN Price Movement 2009 to 2017 ..what will be his next step...? More Information https://www.cryptooos.com/ Buy Bitcoin(Lambo) here https://c... bitcoin is finally breakout from the long lasting down trend channel. Could this be a new begging in bitcoins price? I will address this question in this vid... 1. May 2010 In 2010, Laszlo Hanyecz agreed to pay 10,000 bitcoins for two pizzas. It was the most expensive pizza in history. 2. Jul 2010 Mt. Gox,was responsible for more than 70% of bitcoin ... Tim Draper predicts the price of bitcoin after the halving! - Duration: 49:17. Crypto Finder 281,763 views. 49:17. Anton Kreil Annihilates Retail Brokers and "Trading Educators" - Duration: 2:02:39.