17 millions of BTC have been mined out of 21 and Some Expert Predictions
Today Block 519996 was mined, which set BTC supply to 17 million! Exactly 4 millions more to be mined.
MtGox moved 16 000 BTC and BCH today. People are scared of dump on both chains, yet it was said by team selling coins that deals will be done OTC to not let market manipulation like the first time.
We see price spike above 9000 right now and BitMex longs are looking good.
Pantera Capital CEO said today on CNBC that $40 Trillion Cryptocurrency Market Cap is ‘Definitely Possible’. For reminder its a cryptocurrency hedge fund that runs since 7 years (!).
On the other hand Dominik Zynis, co-founder of Wings (decentralized ICO forecast platform - http://wings.ai - check it) predicts we may dump to 2k again based on history of BTC ATHs and ATLs - Typically bitcoin has declined 80 to 90 percent after reaching new highs before starting the next wave He sees it as just a temp drop before next rally to 30k that may happen later this year.
Markets
Notice how much USDT which is not real USD is used here to pump the price.
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Great post.
THIS IS SCARY WHEN YOU SAY BTC ONLY HAVE 4 MILLION LEFT TO MINE AND WE ALL KNOW IT WILL NOT COMPLETELY MINE IN OUR LIFETIME.
THE SCARCITY WILL DRIVE THE PRICE TO THE ROOF.
SOONER OR LATER SATOSHI WILL BE WORTH A LOT MORE THAN WE THINK.
YOU SEE I DID NOT SAY BITCOIN CAUSE THE PRICE COULD BE SO HIGH IT WILL BE SCARY.
Keep on steemin'
An OTC deal would be a huge positive for the market. Get that out of our minds for good lol
Bitcoin is energetically and computationally inefficient.
Had it not been the case, it would have been quite a catch at current prices.
But there already are more efficient alternatives which are inflation resistant as well.
STEEM is not inflation resistant, but in countries with inflation rate higher than STEEM's, even STEEM can be used as a hedge against inflation, and fact is its price rose.
I do not recommend to buy STEEM, I just wrote about it because it crossed my mind after I started to write.
I predict we will remember bitcoin and we will remember etherium but they will not be The Cryptocurrency in the near future. Remember my words, I am spot on in my humble opinion.
hey you upped yourself !!
Hey who said I don't. What you were doing was not just upvoting yourself. If you still don't get, which you had stated previously you did, I can't help you. Please educate yourself at @spaminator and @steemcleaners for goodness sake if you wish to avoid being flagged by others.
i was just kidding with you! haha
i always try to do correct way in steemit i never did spam to any one i hate it
but there was a problem that i really i didnt know, if you just did tell to me i listen surely and don’t do anythin wrong! it doesn’t need to report to a bad bot! if you want learn something to someone its better to tell them, if they say no no no you report to bot, we are here to help eachother not hurt eachother, goodluck
All of the prediction headlines predict crashes or booms. You never see an "expert" predict that Bitcoin will have moderate growth.
Finally some great news are here. I have already trade long on bitmex. I have also read somewhere that bitcoin might reach $700000 this year. What do you think ?
I think that amount is hopeful
It is possible if you are to use the price movement of the previous years. However, the more mature an asset is, the lower the volatility; therefore, I think it is unlikely for a rise like that.
Great post!
Thanks for tasting the eden!
These are really excellent results
great news. i wish all the cryptotraders good luck.