The World of Cryptocurrency - Bitcoin Saga
Bitcoin has rallied so much this year that the traditional money managers are getting more worried about the digital currencies rise. Bank of America's survey just this month of December found that 32% of money managers said bitcoin is the most crowded trade in the business sector - meaning that it's so popular that it could reverse just as quickly as it rallied more than 1,700%+ this year. There are other signs that the Bitcoin mania is getting way ahead of itself. Some market analysts said that this kind of mania could only exist because the whole financial market is in this state of high confidence. This confidence in all these markets is encouraging more people to buy which lays the foundation for why we could have fake cryptocurrency mania that we've seen especially in the last couple months. There were ICO's that were launching and collecting money from unsuspected investors and they were gone right after their coin launching.
Bitcoin is gaining unprecedented popularity penetrating from the huge businesses in the wall street to the minnows who were craving for a dime. Governments and banks alike were shaken with this bitcoin mania and they were devising ways on how to regulate this virtual currency. It spread throughout the continent like gangrene and its market cap rises so fast in a span of just a few years. Bitcoin also is one of the most searched in google surpassing the US President Trump. This is a historic feat of bitcoin and we are part of it.
Im very excited for the coming days on what will be our future as one of the investor & trader of this currency. :)
You got a 8.61% upvote from @postpromoter courtesy of @elizahfhaye!
The post that you posted about Bitcoin contains many important information about this, which is very helpful for me. Through this post I learned something new. Thank you so much for sharing this great news about Bitcoin with us.
thanks buddy, keep on steeming :)
yes you are right 2017 is the year of crypto currency and undoubtedly Bit Coin is the winner by long margin. All the best to Bitcoin holder for next year 2018. nice info Keep sharing @elizahfhaye
2018 is just in the corner and im so excited what and where is the next stop of bitcoin's bull run :)
yes 2017 is so great for BTC. progressing like a rocket. started from 1,000 USD and now at that time at $ 16,714 USD great going. All the best for 2018.
agree with yah dude :)
it's so nice of you. you are giving good info about cryptocurrency in your post. keep sharing @elizahfhaye
Hey @elizahfhaye
Bitcoin ruled 2017 and many are hopeful it's going to set new records in 2018.
Since yesterday it's been hard time for Bitcoin investors. Bitcoin dropped drastically and not rising.
Let's hope for the best.
yup, bitcoin drops almost 20% last week but that is always the case when bitcoin rise-up, there is a correction along the way. But after that, it will rise again surpassing its previous highest mark. :)
i like this topic.
Thanks 😄
keep sharing@elizahfhaye
Sure 😄
Some say that mania can only because the market is in a state of confidence
@elizahfhaye
Thats usually happened in any market. 😊
The post that you posted about Bitcoin contains numerous vital data about this, which is extremely useful for me. Through this post I discovered some new information.This post upvoted and resteemed..
Thanks and keep learning
@elizahfhyes - I believe there's a good chance that bitcoin migh have one last rally in 2017 and end at 25k before the year is out..
yup, there is still 10 days to surge til 25k$ :)
hopefully :)
Bitcoin is really chasing other cryptos, 2018 will really be a year to behold in the crytocurrency world.
2018 is party time in bitcoin holders, lol :)