As BitCoin Soars Back to 2900$ USD, Non Premium Cryptos Are Rocketing?!? What Are You're Thoughts As To Why?
Anyone who has been following Bitcoin has seen the price ping pong for the last four or five days from around 1910 u.s. dollars all the way to today's high of about 2900 with no end in sight. As markets in Korea, China and Europe all seem to be having a similar thoughts for what the price of Bitcoin should be across all exchanges, leaves me thinking with my experience as a Trader that a $4,000 plus bitcoin price tag is a lot closer than most people think. As speculation for the August first Fork with respect to bitcoin draws to an end it appears as though at least today the market is pushing forward as the price continues to climb even at this moment.
I also find it remarkable that in light of how fast Bitcoin is rising that there are still cryptocurrency markets that have some good action considering all the prime alternative currency markets have taken a pretty big hit today with STR and ETH taking pretty significant losses as STEEM held very well and if it wasn't for the fact Bitcoin is rising so quickly in price it would be a lot more obvious to Traders that today cryptos got tossed around.
What are your thoughts for the sudden BTC rocket ship ride? I would love to hear your feedback as to what you think is driving today's current bitcoin rage.
(I just updated the post so the price reflects 2900 rather than2790 USD which the price was when I wrote post not too long ago)
The price has risen quickly.
This has 100% to do with BIP91 solving the scaling debate. Bitcoin right now will suck up dominance from the market for a while but eventually profits will flow in to the alts. New ATH's are coming soon. This scaling debate has been looming for a year. Now that we know there is no fork and no chain split the price can really get extreme. Buckle up and just hold bitcoin its about to get crazy! Look at the support for BIP91 unbelievable!!!! Rockets now
https://www.xbt.eu/
I appreciate the link as well as feedback I'll check it out soon as I get back home cheers
The real question is why are you still using Poloniex over Bittrex?? LOL :p
I can't wait for the centralize exchanges where we can trade directly from our own wallets you know what I mean?
BIP91 about to get approval. 10 blocks away! Could see 3k bitcoin by tomorrow.
It's actually very exciting I think traders want to see that price in the next few hours right?
Yeah....although we did just bounce back down from 2950...let's see if bitcoin makes another run at it.
I would wait until all this segwit thing is over...after that:
It's about to be over in less than 2 hours! That's why we are going up today.
I see the price coming back down under 2000 personally
You may be right....cryptos love volatility.
Loving the gif :D
You folks may find it useful:
I hope it trickles down into the rest of the alt coins.
If the past is any indication of the future it looks like cryptos are about to get a cash injection
Bitcoin was oversold on the daily and with Goldman publicly pumping it, could see it blast through 3,000 by either tomorrow or next week
i think 3000$ will be hit TODAY, as to how investor react, its bubbling right now and it doesn't stop
It's close right now actually, might be today
Looks like we might see in the next hour!
It looks like the prices is crashing as we speak