Bitcoin to 500k by 2030

[Bouncer]

Woke up this morning. Check my shit. Just went to the moon and made billions...

But then i realize in my biggie voice

"It was all a dream"


Sent from my SM-G950F using Tapatalk

it's btc that will be accepted as payment option at the upcoming world cup. it's btc that massive firms with billions in capital are buying up. it's the digital gold standard. in comparison.. cripple is aluminum foil.. lol.

all you gotta do is look where the whales are. it's all btc. that's where the true growth will happen. cripple will be outta business in 2 years. get away from it bro, don't say i didn't warn you son. cripple is weak at it's core. it's actually a currency which means it can and will be heavily regulated. btc uses a different kind of tech at it's core. by definition it cannot be considered a currency. that's the brilliance of it. https://ambcrypto.com/another-sore-i...s-regulations/

btc to finish the year between 25k-50k due to massive investor pumps.

[Bouncer]

this sums up my point above.

While it's true that low market cap alts have the ability to outpace Bitcoin in percentage returns in short term periods of time, they ultimately have upper limits on their ultimate value.

Bitcoin is first and by far the most well known to the public. It's listed on every exchange. All other coins follow Bitcoin. The only thing that makes alts attractive is the one thing I believe is about to change. The price of Bitcoin is going to decouple from the price of alts soon. The SEC has made the correct determination that ICOs and coins like XRP and ETH are probably securities.

Take Ripple for instance. The company has issued 100 billion tokens and owns 60 percent of them. While it may be true that the platform could survive without the company it would require co-operation from the company for that to happen. Ripple sold 140 million dollars of XRP in the first quarter even though the price has fallen 70 percent. There are investors in Ripple the company that have taken cash out of the market for XRP while owners of XRP are hoping that somehow Ripple the company can make XRP more valuable. Even if it's not legally a security there are big conflicts of interest in how Ripple the company can control the price of XRP. And the amounts of money are not small. We are presently talking about 26 billion dollars. The public deserves at minimum a clear picture of the operations of Ripple. So while I do not agree that the public should not be allowed to invest in crypto, they should be able to know information that would allow them to understand the path for their investment to become more valuable.

I believe that ETH will have problems because a lot of tokens are created on their platform. While their platform is an innovative breakthrough it is a breakthrough that purchasers of ETH do not derive revenue from like a regulator business. So there is no reason at all for ETH to be worth 65 billion dollars. It doesn't matter if it's the best platform in the world if ETH holder's get no income from that fact. So ETH is ultimately just a fancy store of value just like bitcoin. And ultimately Bitcoin is going to win that store of value battle.

The alts are going to cap out in value and BTC will keep increasing in value. People are thinking that when Bitcoin has 1 trillion value ETH will have 300 billion value and ripple 200 billion. But it's not going to work that way. Bitcoin will outperform all of them soon.

The SEC just gave the green light to Bitcoin.

Sell all of your altcoins and put that money into btc. In the short term alts might do better, but it won't last and later you'll see Bitcoin continuing to increase while the alts fall apart. People are not going to like this message.

Bitcoin is the global store of value. Any platform like ethereum that survives will be "pay for use", where you instantly convert your btc into eth just to use ethereum for the time you require.

In the long run the excess market cap of all alts will flow back into btc and bitcoins dominance will trend back towards 80%.

Bitcoins falling dominance throughout 2016 and 2017 was not a function of scaling issues. It was a function of people speculating trying to make "mad gainz" on pump and dumps. Once the ICO bubble pops bitcoin will absorb all of that value again.

[Bouncer]

Bitcoin trading in Venezuela is skyrocketing amid 14,000% inflation

https://qz.com/1300832/bitcoin-tradi...rce=reddit.com

[Bouncer]

.......

[boricuarage79]

Lol

Sent from my SM-G950F using Tapatalk

[Bouncer]

massive sell off but now there is more volume and its slowly going back up. back up to $6788 as of now.

[boricuarage79]

Bitcoin Price Plunges After Hack of South Korean Exchange, Down 53 Percent Since December

Bitcoin and other cryptocurrencies plunged over the weekend after it was revealed that a South Korean exchange, Coinrail, was hacked. Roughly $42 billion of market value was destroyed in the sell-off, and Bitcoin has lost over 50 percent of its worth since December.

Bitcoin, the most popular cryptocurrency in the world, hit a record high back in December of 2017, reaching $19,783.06 in American currency. It currently sits at roughly $6,750 and to say that the market has been volatile would be an understatement.

As Bloomberg News notes, one of the reasons that cryptocurrencies have been falling since December is that a number of hacks have made the news. Almost $500 million was stolen from a Japanese exchange called Coincheck back in January. And although South Korea’s Coinrail is a relatively small exchange, people are still trading on fears that the cryptocurrency system is inherently susceptible to intrusion. Coinrail, for whatever its worth, says that it keeps 70 percent of its cryptocurrency on devices that aren’t connected to the internet in what’s called a “cold wallet,” making them more difficult for hackers to reach.

Another thing spooking the cryptocurrency market at the moment is China’s continued threats to crack down on illicit uses of cryptocurrencies, as well as “initial coin offerings,” ICOs. But some businesses in China are going full steam ahead with the Bitcoin craze, as companies like the Beijing-based Bitcoin miner and chip designer Bitmain are valued at as much as $40 billion.

The U.S. Justice Department opened an investigation into cryptocurrency market manipulation back in May, joining forces with the Commodity Futures Trading Commission. But it’s unclear what kind of actions the agencies might take. Google and Facebook have both banned cryptocurrency ads on their platforms.

Where does that leave Bitcoin enthusiasts for the second half of 2018? Nobody knows for sure, of course. But they’re just like any other traders at this point, if we’re being honest with ourselves: Dabbling in Monopoly money while the entire world burns around them.

Hopefully you didn’t sell your house to buy Bitcoin back at the height of the market in December. Because whatever play-time money you had back then is worth less than half of that now.

[Bouncer]

Bitcoin Price Plunges After Hack of South Korean Exchange, Down 53 Percent Since December

Bitcoin and other cryptocurrencies plunged over the weekend after it was revealed that a South Korean exchange, Coinrail, was hacked. Roughly $42 billion of market value was destroyed in the sell-off, and Bitcoin has lost over 50 percent of its worth since December.

Bitcoin, the most popular cryptocurrency in the world, hit a record high back in December of 2017, reaching $19,783.06 in American currency. It currently sits at roughly $6,750 and to say that the market has been volatile would be an understatement.

As Bloomberg News notes, one of the reasons that cryptocurrencies have been falling since December is that a number of hacks have made the news. Almost $500 million was stolen from a Japanese exchange called Coincheck back in January. And although South Korea’s Coinrail is a relatively small exchange, people are still trading on fears that the cryptocurrency system is inherently susceptible to intrusion. Coinrail, for whatever its worth, says that it keeps 70 percent of its cryptocurrency on devices that aren’t connected to the internet in what’s called a “cold wallet,” making them more difficult for hackers to reach.

Another thing spooking the cryptocurrency market at the moment is China’s continued threats to crack down on illicit uses of cryptocurrencies, as well as “initial coin offerings,” ICOs. But some businesses in China are going full steam ahead with the Bitcoin craze, as companies like the Beijing-based Bitcoin miner and chip designer Bitmain are valued at as much as $40 billion.

The U.S. Justice Department opened an investigation into cryptocurrency market manipulation back in May, joining forces with the Commodity Futures Trading Commission. But it’s unclear what kind of actions the agencies might take. Google and Facebook have both banned cryptocurrency ads on their platforms.

Where does that leave Bitcoin enthusiasts for the second half of 2018? Nobody knows for sure, of course. But they’re just like any other traders at this point, if we’re being honest with ourselves: Dabbling in Monopoly money while the entire world burns around them.

Hopefully you didn’t sell your house to buy Bitcoin back at the height of the market in December. Because whatever play-time money you had back then is worth less than half of that now.

yea not a good day for btc. but the volatility is what's appealing to people compared to the normal stock market. it can drop and gain a huge amount in hours. those spikes offer huge potential if you time it right. can you imagine investing 10k in btc in early November and selling in late December? you would have made 90k in 2 months. it pretty much 10x's itself. that's what btc and altcoins are capable of. but it goes both ways. if you had invested 10k in late December you would be down to 5k now.

[boricuarage79]

Bulls make money bears make money, but pigs get slaughtered

Sent from my SM-G950F using Tapatalk

[boricuarage79]

Bitcoin Price: ‘Bloody Sunday’ Not Caused by Coinrail Hack



When the bitcoin price fell more than $1,000 and the cryptocurrency market cap shed more than $40 billion on “Bloody Sunday,” many media commentators attributed the decline to a security breach at a small cryptocurrency exchange in South Korea. However, Mati Greenspan, senior market analyst at eToro, says that claim is misguided.

As CCN reported, the little-known Coinrail became the latest cryptocurrency exchange to fall prey to hackers, who are said to have made off with approximately $40 million worth of tokens, a fairly pedestrian figure relative to some of the hacks seen over the years.

Later that day, the bitcoin price began to careen downwards, taking every other major cryptocurrency with it. This led some observers to draw the conclusion that the two events were linked.

Writing in market commentary made available to CCN, Greenspan said that “there is absolutely no reason why this smash and grab job at a local boutique should have sent bitcoin down by $1,000.”

While the bitcoin price did experience a small decline in the immediate aftermath of the report that an exchange had been hacked, Greenspan noted that the bulk of the decline came more than 15 hours later and that the scale of the pullback was entirely disproportionate to both the size of the hack and Coinrail’s significance in the cryptocurrency ecosystem.

bitcoin price
The bitcoin price declined after the Coinrail hack was first reported (circled), but the major drop occurred more than 15 hours later. | Source: eToro
He argued that the decline was instead a technical correction, as most of it occurred immediately after the bitcoin price broke beneath its long-term trendline and moved closer to two key support levels.

“Though the CoinRail hack may have set us off-track, I don’t think that this will have very significant ramifications in the long run,” he said. “The industry has certainly seen much bigger hacks before and other than a technical price level, this doesn’t change much for the path of the industry over the next five years.”

Greenspan said that over the long-term, the bitcoin price will likely be carried higher by the advent of institutional investment in the space but that this will not occur until the markets build momentum that translates into an organic upswing.

“For now, the big money will most likely remain on the sidelines and wait for emerging markets to build momentum, as they did in late 2016,” he concluded. “Whether this happens over the course of a year, or within a week, I guess we’ll have to wait and see.”

[Bouncer]

If it drops to $2-$3k there is going to be a massive buy in.

https://www-cnbc-com.cdn.ampproject....ader-says.html

[Bouncer]

big time bear market. bad short term but huge long term surge potential just like last year.

[boricuarage79]

Japanese Court To See First Ever Case Against Crypto Jackers

By Robert Johnson on June 13, 2018 0 Comments / 2266 views
Japan are sending out a very bold message to the rest of the world when it comes to cryptocurrencies. It’s a very firm but open message, yes, cryptocurrencies are welcomed and encouraged in Japan, but, if you break the rules, you’ll suffer the consequences.

Frankly, this is exactly what the rest of the world needs, an authority figure that seems to be doing it right.

Back to the point anyway.

According to reports out today, Yokohama District Court in Japan will be the first to host a case against three crypto-jackers who are accused of malicious activities within the Monero network. The activities in question include using ‘Coinhive’ to maliciously mine Monero. Not only is this the first time such a case has reached the courts in Japan, it could very well see the three accused become the first people to be sentenced for crypto-jacking and malicious cryptocurrency mining based crimes.

The suspects are alleged to have been involved in using Coinhive to mine cryptocurrencies through websites and through innocent user’s hardware in secret. This is possible through Coinhive’s JavaScript Miner that can be fixed onto websites, Coinhive itself is not a malicious programme but within this case, the suspects are believed to have used it for malicious purposes.

According to CCN:

“The three suspects include a web designer and another individual who has been fined ¥100,000 ($900) by the Yokohama Summary Court for ‘illegally storing a computer virus’. The defendant has argued that the software, Coinhive, is not a virus and is a software script that brings monetization similar to online ad distribution platforms.”

Moreover:

“Still, authorities have decided to press charges against the individuals for operating websites “without clear notices about mining”. The criminal case will be taken to trial at the Yokohama District Court in what will be Japan’s first crypto-jacking criminal prosecution.”

See the full report by CCN for yourself, here-
https://www.ccn.com/monero-miners-to...criminal-case/

For now, this case will continue to hit headlines in and around Japan. What it does highlight is that authorities in Japan do mean it when they say they are clamping down on malicious cryptocurrency activities. This resonates with the recent regulations imposed by financial authorities within Japan onto cryptocurrency exchanges etc too.

They are shaping their future to be more accepting of cryptocurrencies, a key part of that will involve seeing that justice is served to criminals, in the hope that in the future, the increased chances of getting caught will put more people off engaging in cybercrime.

[boricuarage79]

https://youtu.be/xul0zaM39kk

Data dash live

Sent from my SM-G950F using Tapatalk

[Bouncer]

Crypto Markets Rebound After News the US SEC Will not Consider Ethereum a Security

June 14th: all but two of the top 100 cryptocurrencies by market capitalization are making gains, according to Coinmarketcap data. Gains of over 10 percent in some coins are a welcome respite for investors after crypto markets took a battering over the course of last month. Today’s gains are likely due to positive news that Ethereum (ETH) will not be regulated as a security under U.S. law.

https://cointelegraph.com/news/crypt...eum-a-security