Bitcoin to 500k by 2030

[Bouncer]

Look at Bouncey learning TA. Love it.

bout to push through the 200 EMA... a moving average we haven't seen since early May.

also of note, the daily rsi has not been this high since December...

[Keiser]

Look at Bouncey learning TA. Love it.

[Bouncer]

the red line on the chart is important. if we push through it's a true trend reversal and a good sign of a bull market. the last time we saw these prices was almost 2 months ago. we are right at that line. lets see if we can push through it.

[boricuarage79]

https://youtu.be/VwRsWPApqT8

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[boricuarage79]

[https://theicojournal]

[https://theicojournal]

SOURCE: Bitcoin ETF ‘Nearly Certain’ To Win Approval Later This Year

July 20, 2018/in*Article: News*/by*Rogue Trader

Working back channels at the SEC and the CFTC in particular, we’ve come across two sources that seem to be ‘nearly certain’ that the crypto ETF conversation is about to take a seriously bullish turn.
The background for the optimism is tempered with some specific downside: coming crypto and ICO regulations. Both sources said that the ‘nearly certain’ approval of a Bitcoin ETF and other crypto ETF products will be announced alongside the first set of crypto regulations of substance from both the SEC and the CFTC.
Our most optimistic source, coming from the CFTC, said the following, “I would call it 90% at this point. The crypto markets have moderated and regulators have watched the lack of drama surrounding Bitcoin futures across several global exchanges. The price moderation and adoption of a ‘peer product’ is what the conversations have centered around. In January we were justifiably concerned about a bubble and the harm a quickly approved product could attract speculators and create losses that led to significant lawsuits. Now, those factors seem to be mitigated significantly.”
The second source, a former SEC employee who left the regulator two weeks ago, had this to say, “I would expect a positive outcome in September – or if it gets strung out a little further it is simply a few ‘dotted i’s and crossed t’s’ are being finalized on larger regulatory language in the crypto space. To be clear, most of the regulation will be first focused on ICO’s and the issues those pose for retail investors at the moment. US residents are sending money to all sorts of exotic locations to invest in unregulated instruments with absolutely zero recourse for losing every cent they’ve put at risk. ICO regulation will begin to solve those issues and keep client assets ‘onshore’.
Both sources made further comments all having to do with the runway that Bitcoin and crypto futures (Ethereum) have provided for ETF products taking center stage late this year and into 2019.
The regulatory agencies are fully aware that once this door is cracked open it will create a flood of submissions, approvals, new products in every color, shade, and denomination connected to crypto. Thus, the congruent push for regulation that will provide the architecture for fair and equitable markets to surround the newly regulated asset class.
Still, this is big news as we are essentially being told that an approval is all but guaranteed. If you take a look at price movements connected to industries that joined the ETF movement and the institutional assets that followed, an expected spike in prices isn’t far-fetched.
One reason why billionaires and well-known asset managers have been heard discussing, and investing in, cryptocurrencies via pure means or via crypto hedge funds. Interesting indeed.



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[boricuarage79]

What Caused Bitcoin to Surge Almost 10% in a Matter of Hours?

https://www.newsbtc.com/2018/07/17/w...tter-of-hours/

The number one cryptocurrency has seen its price dramatically increase in the last few hours. Bitcoin has absolutely smashed the $6,800 resistance level many felt crucial for bullish sentiment to return to the market.

Could the Bulls be Back in Town?
The price of Bitcoin has today seen massive gains from its daily low of around $6,650 according to industry analysis website CoinMarketCap. At the time of writing, a single Bitcoin is priced at over $7,338. It’s the largest jump in the price of the digital asset in recent months.

It’s difficult to say exactly what has caused the sudden growth in the market capitalisation of Bitcoin. However, the fundamentals of the asset have been gradually improving this year whilst the market remained a pessimistic environment for investors.

In recent weeks, Bitcoin has had positive regulatory news in the form of the U.S. Securities and Exchange Commission (SEC) deciding not to classify it as a security. There are also renewed hopes for a Bitcoin exchange traded fund on the horizon. On top of all this, there are unprecedented efforts from leading companies in the space to appeal to the institutional investor class. The likes of Circle, Coinbase, and Blockchain are all exploring creating a tailored service for high net-worth money managers.

Another interesting observation about today’s price surge is that trading volume also seems to be rocketing up right now. Volume over the last hour is almost nine times that of the previous 60 minutes.

One clear indication of a huge wave of demand coming for Bitcoin is digital asset exchange giant Binance suddenly crashing. However, it appears that the downtime was short-lived as the exchange is up and running at the time of writing.

Exchanges suddenly becoming overwhelmed by demand is something of a hallmark of a massive spike in interest in Bitcoin. This was evidenced at Coinbase on multiple occasions in the famous bull market of 2017.

Another potential cause for this sudden interest in Bitcoin is that Goldman Sachs’ former chairman and CEO Lloyd C. Blankfein has retired from both positions at the massive financial institution. He will be succeeded by David M. Solomon. Soloman is known for being interested in both Bitcoin and the wider digital currency space.

Bulltrap

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[boricuarage79]

https://www.bloomberg.com/amp/news/a...mpression=true

Coinbase says it was wrong about SEC approval of acquisitions!!

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[Bouncer]

What Caused Bitcoin to Surge Almost 10% in a Matter of Hours?

https://www.newsbtc.com/2018/07/17/w...tter-of-hours/

The number one cryptocurrency has seen its price dramatically increase in the last few hours. Bitcoin has absolutely smashed the $6,800 resistance level many felt crucial for bullish sentiment to return to the market.

Could the Bulls be Back in Town?
The price of Bitcoin has today seen massive gains from its daily low of around $6,650 according to industry analysis website CoinMarketCap. At the time of writing, a single Bitcoin is priced at over $7,338. It’s the largest jump in the price of the digital asset in recent months.

It’s difficult to say exactly what has caused the sudden growth in the market capitalisation of Bitcoin. However, the fundamentals of the asset have been gradually improving this year whilst the market remained a pessimistic environment for investors.

In recent weeks, Bitcoin has had positive regulatory news in the form of the U.S. Securities and Exchange Commission (SEC) deciding not to classify it as a security. There are also renewed hopes for a Bitcoin exchange traded fund on the horizon. On top of all this, there are unprecedented efforts from leading companies in the space to appeal to the institutional investor class. The likes of Circle, Coinbase, and Blockchain are all exploring creating a tailored service for high net-worth money managers.

Another interesting observation about today’s price surge is that trading volume also seems to be rocketing up right now. Volume over the last hour is almost nine times that of the previous 60 minutes.

One clear indication of a huge wave of demand coming for Bitcoin is digital asset exchange giant Binance suddenly crashing. However, it appears that the downtime was short-lived as the exchange is up and running at the time of writing.

Exchanges suddenly becoming overwhelmed by demand is something of a hallmark of a massive spike in interest in Bitcoin. This was evidenced at Coinbase on multiple occasions in the famous bull market of 2017.

Another potential cause for this sudden interest in Bitcoin is that Goldman Sachs’ former chairman and CEO Lloyd C. Blankfein has retired from both positions at the massive financial institution. He will be succeeded by David M. Solomon. Soloman is known for being interested in both Bitcoin and the wider digital currency space.

[Bouncer]

massive surge today. BTC can do in 20 minutes what it takes traditional markets years to do.

[boricuarage79]

Coinbase Gets Regulator Approval to List Digital Coins Considered to be Securities

https://cointelegraph.com/news/coinb...-be-securities



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[Bouncer]

The other thing about ICO's is that many whales get in on group buy pre-sale deals and get the coins for way cheaper than what the average person pays at ICO. Then the pre-sale whales dump theirs on day 1 for around the ICO price and then the price tanks after that so the people who bought at ICO never come out ahead even though they think they are getting in early.

There are a few exceptions to this rule. ICON ($ICX) is a good example where people who got in early made a killing.

while true you also have to consider that many ICO's came out in Jan or Feb of this year during a huge sell of in crypto. So when you say "they never come out ahead" you are talking short term. When a true bull market comes to BTC many of those coins that released in a strong bear market will sling shot way ahead of their original opening.

[Bouncer]

World's Biggest Asset Manager BlackRock Exploring Bitcoin

Global investment management company BlackRock is reportedly mulling a move into bitcoin.

According to a Financial News London report on Monday, the New York-based asset manager has now set up a working group to look into ways it can "take advantage" of cryptocurrencies and blockchain technology, as well as to monitor what rivals are doing in the space.

Citing sources close to the matter, the article says that the working group is comprised of different divisions from within BlackRock, and may be looking at the possibility of a bitcoin ETF.

Soon after the news broke, bitcoin's price rose sharply from $6,360 to $6,646 in just two hours – a gain of over $280.

https://www.coindesk.com/report-worl...oring-bitcoin/

[Keiser]

The other thing about ICO's is that many whales get in on group buy pre-sale deals and get the coins for way cheaper than what the average person pays at ICO. Then the pre-sale whales dump theirs on day 1 for around the ICO price and then the price tanks after that so the people who bought at ICO never come out ahead even though they think they are getting in early.

There are a few exceptions to this rule. ICON ($ICX) is a good example where people who got in early made a killing.

[Bouncer]

that's why many people have given the altcoins the title of shitcoins. people don't do any research before they invest, they just pick a coin they think will moon based on the coins name or cool looking symbol. lol

[boricuarage79]

New Study Says 80 Percent of ICOs Conducted in 2017 Were Scams



A recent*study*prepared by ICO advisory firm Statis Group*revealed*that more than 80 percent of*initial coin offerings*(ICOs) conducted in 2017 were identified as scams. The study took into consideration the lifecycle of ICOs run in 2017, from the initial proposal of a sale availability to the most mature phase of trading on a crypto exchange.
The research says that in 2017 “over 70 percent of ICO funding (by $ volume) to-date went to higher quality projects, although over 80 percent of projects (by # share) were identified as*scams.” The analysts found that four percent of ICOs failed, and three percent had “gone dead.” The study recognized ICO death as “not listed on exchanges for trading and has not had a code contribution in Github on a rolling three-month basis from that point in time.”
According to the study, total funding of coins and tokens in 2017 amounted to $11.9 billion. $1.34 billion (11 percent) of ICO funding went to scams, the vast majority went to three large scammy projects; Pincoin ($660 million), Arisebank ($600 million), and Savedroid ($50 million), which together equal $1.31 billion. This suggests that while a large number of ICOs were scams, they received very little funding when compared with the industry as a whole.
Earlier this month, TechCrunch*released*a report based on data from Coinopsy and DeadCoins, which found that more than a thousand crypto projects are “already dead” as of June 30, 2018. According to Coinopsy’s list, there were 247 “dead” coins, while DeadCoins had a 830-item long list of “dead”*cryptocurrencies.
According to*research*conducted by cybersecurity company Carbon Black in June, roughly $1.1 billion worth of digital currency was stolen in the first half of 2018. The security company said that criminals take advantage of the dark web to facilitate large-scale cryptocurrency theft. Estimates reportedly show that there are 12,000 marketplaces and 34,000 offerings associated with cryptotheft that hackers can take advantage of.
A joint report from consulting firm PwC and the Swiss Crypto Valley Association*revealedthat the volume of ICOs between January and May 2018 reached $13.7 billion in 2018 so far, which is already twice as much as the market amounted to in all of 2017.



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