Great News for Cryptocurrencies!
As you may have seen many of Cryptocurrencies are rising in price like I predicted. Ethereum for instance has risen almost 40% in the last few days (source: http://ethereumworldnews.com/ethereum-recovers-almost-40-price-loss/)! A week ago people were freaking out and cashing in all their coins resulting in huge losses for them, but where one person loses another person can gain. I tried to warn everyone I could to hold their coins those that listened are glad; and to those that held congratulations! To those that sold if you want to get back in the game try to take your losses as a learning experience, don't make rash decisions in just a few days time, these markets are volatile and they generally go back up! Now were not out of the woods yet the price of many coins is still not near their all time highs, but we are certainly heading in the right direction. This is partly because of all the positive news coming out.
Goldman Sachs released a statement predicting that Bitcoin will start to head back up to the 3000$ range while at the same time having a new maximum of around 3700, which would create a new all time high if it makes it there. Goldman Sachs has made very accurate predictions in the past including the recent crash.(https://finance.yahoo.com/news/goldman-sachs-bitcoin-going-test-191000220.html).
Billionaire Ben Miller has 1% of his wealth in Bitcoins! This is a huge step in the right direction because if the richest people in the world are starting to put their money into Bitcoin and Altcoins it really helps boost the legitimacy of all Cryptocurrencies. The more affluent people that jump on board the better it will be for everyone holding coins.
(https://www.cryptocoinsnews.com/111036billionaire-investor-tucks-away-1-of-his-net-worth-in-bitcoin-2/)
Microsoft has announced that it wants to be "the leading provider of blockchain enterprise services"! This is HUGE because when Microsoft jumps on board the blockchain band wagon you know it is serious! expect other large companies to start getting more invested in blockchain technology and Cryptocurrency. (http://bitcoinist.com/investors-see-ico-as-the-future-of-venture-capitalism/)
Keep in mind that there has been some bad news as well. But overall the news is mostly positive which is partly why we are seeing the markets rise. A concerning issue is the Bitcoin fork coming, while a lot of the fears associated with it have been dissipated or reduced, Coinbase (one of the most well known sites to buy Crypotcurrency for cash) has announced it will not be supporting the user activated hard fork Bitcoin. This will probably lower Bitcoins price a little bit but might also increase the value of Ethereum which is a strong second in volume and popularity.(http://www.newsbtc.com/2017/07/20/coinbase-will-not-support-user-activated-hard-fork-blockchain-due-incompatible-bitcoin-ruleset/)
Thank you for reading.
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