It took 8 days for BTC to go from 5000 to 6000 USD!steemCreated with Sketch.

in #bitcoin6 years ago (edited)

Hello friends,

As you might know by now BTC hit 6000 USD today for a short while. As always hitting new 1000 level is pretty significant but what is even more significant is the time frame of reaching that level.

There is actually one twitter user that has done some interesting comparison from the early days of BTC until now.

Screenshot-2017-10-20 🏴‍☠️Jack🏴‍☠️ ( jackfru1t) Twitter.png

It seems like we are entering a new stage of BTC price speed development where 1000 USD movements in either direction won't be that significant. It will be very interesting to see what happens in 2018 as this year was truly phenomenal not only for BTC but for the whole industry. I personally believe that we have not seen anything crazy yet. Once the hedge funds, institutional investors and governements start buying into BTC then we will see the real FOMO! I hope you are all benefiting from the cryptocurrency phenomena as this really is the new wealth buidling tool.

PS: I have also just realized - 100 billion USD BTC marekt cap! That is another huge milestone!


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Tomas
CEO & Founder of CGH

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Nice working out! Didnt really look at it from this point of view but looks good! The price hike surely has somthing to do with the hardfork again. Then it may drop a little. Hopefully higher/low

This is very interesting. If $1,000 movements are becoming commonplace, then Bitcoin has reached the price territory where most goldbugs thought gold would be someday. Really an incredible development. Could it be? Could bitcoin become the new global standard for storing value? I guess we will find out during the next financial crisis - which seem to happen every ten years by the way, so we are definitely due for one.

Lurking around the corner, crisis of massive proportions never seen before...... Let's see how the crypto reacts to that!

I believe the "big boys" are currently wanting in on the action, as returns on bitcoin is far higher than many stocks on the stock exchange. We could see Bitcoin go to even higher heights at the end of this year :)

@czechglobalhosts,
"I have also just realized - 100 billion USD BTC marekt cap! That is another huge milestone!"
ust imagine what kind of power this coin contains! And I wish one day STEEM will show strong compete against BTC too! Thanks for sharing such great information with us!

Cheers~

Hopefully STEEM will start performing better once all the FOMO clears out.

@czechglobalhosts,
Yeah I have the same wish! ICO ban from several countries made those legitimate currencies strong! So, hope STEEM will do it's best in 2018!

Got to love that!

Looking forward to even greater things from Bitcoin.

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I also think we will win.

at this pace bitcoin has a big chance of even reaching 10.000 at the end of the year even though 8.000 is more likekly but it moves extremly fast which is difficult to be accurate.

Road to 7k!

Thanks for your support man!

very good information comrade, do you think in comrade end of 2017 BTC up to 10000 UBD ..

Thats amazing ! We are living in wonderful times to witness this occurring. Long Live Crypto !

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