Coinbase is #1 Dowload on Apple — and people want to HODL Bitcoin to $100,000 (survey)
Source:https://9to5mac.com/2017/12/12/holding-strong-as-the-1-app-in-the-app-store-coinbase-makes-it-easier-to-signup-from-your-iphone/
https://news.bitcoin.com/survey-says-bitcoin-holders-wont-sell-until-well-over-100k/
Coinbase has had a crazy number of new people joining lately. Since Thanksgiving I had heard numbers of 100,000 people per day signing up.
Now we have Christmas and New Years coming. We can look to this as waves 2 & 3 for MORE people signing up for Coinbase. Al all this means one thing —- more people will buy : BTC, ETH or LTC.
People “crypto gossip” will be the rage over the holidays. This will drive more money. The CME Futures BTC contract will legitimize it for some people who are still cautious. So imagine the next 2-3 months and then you have the “tax wave” of new investors getting money back from Uncle Sam.
Want to see the relationship of Price to Coinbase sign ups ? Look below:
![997B8ECC-1F83-4207-902E-BA1CE135A400.png]
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Now imagine completing the graph to include : November , December and January? We already know that the BTC price doubled since the Oct/Nov sign ups (an of course all around the world — the US is just a contributor of course).
This holiday will bring the Innovator Stage (only 2% of people knowing about crypto) to the early adopter stage (4-6% knowing) ....and knowing leads to investing....which will lead to more growth.We have to stress there are only 21 MIllion BTC and 17.4 Million are mined/owned. —- so if people HODL — price goes up.
We are early folks....
People want to HODL for $100k BTC :-)
We shall see....much can happen and usually does.
Your thoughts?
There has been uncertainty with bitcoin and bitcoin cash lately. But i will HODL as i don;t have much in BTC so not too worried. Maybe 1 to 3 years
BTC's main application right now is "a great store of value" and that is not a bad thing. It's digital gold. BCH wants to provide a currency application that is quicker and lower costs . The reality is nobody is really USING these currencies en masse today. BTC will be building out it's Lightning network like a highway with on ramps and off ramps and become a super fast highway in 1-2 yrs with lower fees ---- BCH is trying to do stuff on the cheap and less secure. I'm ok with BTC doing it right and secure and "no central control" etc...
Am astonished that Coinbase has the monopoly on simple cryptocurrency transactions right now. Nothing else can compare to it right now so kudos to them - they are making a killing right now.
For sure....tonight they launched Bitcoin Cash on Coinbase. It will be crazy.
Wow! This is amazing and frightening at the same time!
Things will change suddenly worldwide, financially!
I am still a novice and very new on Steemit, I didn't expect this opportunity to gain wealth. Just blogging for fun, most of all; and to do some photography.
Now I am going to read more on crypto!
Many thanks.
Do your research. Best of luck.