[Bitcoin Price] New breakout
The bitcoin price has made a new breakout above $4400. On Luno.com the price is above R61500.00 in South Africa!
The Chart Guys think this is a very bullish move and Tone Vays seen bitcoin break new all time highs above $5000.
The Chart Guys
.
Tone Vays
.
I think we will see $5000 soon. Do you?
Please comment below with your thoughts. I upvote all comments.
Please give us an Upvote if you think this info was helpful. It will help my online business a lot and I hope to return the favour in the near future.
Thank you. :)
PS. Hot tip 1, Remember don't upvote this post if older than 7 days, you are wasting your voting power!
PPS. Hot tip 2, when buying upvotes, do it on day 6, but 12 hours before 7 days run out.
PPS. Hot Tip 3, I upvote all comments below.
Thank you for your support.
Regards
Colin Brazendale
Email: [email protected]
Facebook: https://www.facebook.com/colinbrazendalesinternet/
Youtube: https://www.youtube.com/user/czb1972/
More information about me:
I am a successful bitcoin cloud miner and affiliate of Genesis Mining. I have been mining for the last 16 months. I am in profit and doubled my bitcoin in this time. So I highly recommend Genesis Mining to earn bitcoin and make money online.
Genesis Mining is the only true 100% passive income opportunity online and offline. Let me help you get started.
Join Genesis Mining here: https://www.genesis-mining.com
Here is the promo code to get 3% discount: QqNvn3
How to get started with bitcoin cloud mining: http://www.miningbitcoin.co.za
Chart guys are cool I like them. Interesting how the volatility of the Rand and btc combine. But they should have a self regulating effect on the rand price of btc. Why, because btc and rand are both seen as risky assets. So if there is a flight to safety (if nk does something stupid) people will move out of btc and out of the rand. so dollar price of btc will go down and rand will get weaker.
this is a simple explanation. could also have exacerbating effect on each other. How? Well, if there is risk appetite and high optimism, as is the case now in general with Trump in the White House (all time highs of the Dow Jones), then what happens? First of all cc's like btc price will increase a lot. But also rand may get weaker or at least not get that much stronger as you would expect (inflow into emerging markets). The reason I saw that is because big global pension funds like calpers (California govt pension fund) will in that case withdraw rands in favour of more risky high yield assets. South Africa used to be the go to destination for emerging market destined money because it is liquid and was always volatile so they could play with it a little. also it would count as an emerging market in foreign pension fund regulation but is arguably not really an emerging market because its financial sector is so sophisticated. but that is changing now. debt downgrades from the ratings agency has got us at or near junk status. not only the govt debt but also the state owned enterprises debt.
Luckily the rand has gotten less volatile recently because of increased foreign exchange regulation. So the big guys in the world even big investment banks in New York can't just manipulate our currency for their own benefit.
Bitcoin price has just past $5100. To buy Bitcoin now is a more expensive than last week, but if you want to move your money from Rands to Steem, it is at a week low. I use this website: https://www.coingecko.com/en/price_charts/steem/zar/30_days
So if you want to buy steem, now is a very good time even if you have to buy Bitcoin first and the exchange to Steem.
Thanks for the info!
@mrainp420 has voted on behalf of @minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond. To be Resteemed to 4k+ followers and upvoted heavier send 0.25SBD to @minnowpond with your posts url as the memo
Thank you @minnowpond
You have collected your daily Power Up! This post received an upvote worth of 2.14$.
Learn how to Power Up Smart here!
Thank you @minnowpowerup