Bitcoin Can Rise to $2000 in January 2017

Bitcoin Can Rise to $2000 in January 2017

admin 2017, Bitcoin, Bitcoin Price, India, Kim Dotcom, Prices, USA 0 Comments

A Saxo Bank ‘Outrageous Prediction For 2017’ says that the spending binge of a Donald Trumppresidency could create ideal conditions for the price of Bitcoin to test $2,000 by next year, as the possibility of the US dollar skyrocketing could force emerging markets to seek alternatives. It projects that the Trump regime’s fiscal spending binge may increase the circa $20 trillion of US national debt and potentially triple the current US budget deficit from approximately $600 bln to $1.2-1.8 trillion or some 6-10 percent of the US’s current $18.6 trillion economy. This may cause inflation to skyrocket, forcing the federal reserve to accelerate its hikes and the USD dollar to soar, creating a domino effect in emerging markets and forcing people worldwide to look towards alternative forms of currencies and payment systems not tied to central banks. The report adds: “If the banking system, as well as sovereigns such as Russia and China, move to accept Bitcoin as a partial alternative to the USD and the traditional banking and payment system, then we could see Bitcoin easily triple over the next year going from the current $700 level to +$2,100 as the Blockchain’s decentralized system, an inability to dilute the finite …

Bitcoin Can Reach $10,000 or Even $1 mln, Chandler Guo Explains How

admin Bitcoin News, Bitcoin Price, China Market, CoinGreed, Donald Trump, Politics 0 Comments

One of the largest Bitcoin miners in China has suggested that the price of Bitcoin could reach $10,000 or even as high as $1 mln. Speaking to ether.camp at the Clare Hall of the University of Cambridge, on the sideline of the Internet-of-Value: Digitising Social Conscience – roundtable debate, Chandler Guo emphasised that all an individual needs to do is invest in just one Bitcoin – as most people don’t invest in it and yet they want to know more about proof of work, how the Blockchain works, why do blocks require 10 minutes, etc. Guo says in the Youtube video: “But finally, I tell them, just go back and buy Bitcoin. A lot of people don’t have Bitcoin…Not too much. Only one is enough. If everyone would have just one, the Bitcoin value would go to $1 mln. When Bitcoin becomes $1 mln, the whole world would be crazy and everyone would love to follow and all the other digital currencies would just be the grandson of Bitcoin.” Everyone just needs to buy one Bitcoin The angel investor in Bitcoin and Ethereum startups believes that a lot of people don’t exactly understand why they should be involved with Bitcoin, …

Search For “Buy Bitcoin” Rising Shows Google Trend

admin Bitcoin News, Bitcoin Politics, Bitcoin Price, China Market, CoinGreed, Google 0 Comments

It may be the US election fever or it may be something else, but according to Google, the search for the “buy Bitcoin” term on the world’s largest source of information platform is on an upward trend. Though the particular factors that may be driving the rising interest has not yet been ascertained, Google analytics show that interest over time is currently at 87 – that’s tipping towards its highest point of 100 between June 12-18. Bitcoin price has reached the $770 mark within the current period. Whether the current ascension, which according to Google kick started in Oct. 22, will continue at such a pace and return to the peak price reached earlier this year, will be determined by one or more of the following factors. Trump, Clinton, Bitcoin The outcome of today’s Nov. 8 elections could be a factor. A study by research and analysis firm Juniper in July, speculated that the price of Bitcoin will rise if Republican candidate, Donald Trump, wins as it will create turmoil on the global markets. Every time the polls indicated a rise in popularity for Trump, the market structure changes, however that was not the case for Democrat candidate, Hillary Clinton. …

China Forex Reserve to Fall by US$80 Billion; Another Bitcoin Price Surge Imminent

admin Bitcoin News, Bitcoin Politics, Bitcoin Price, China Market, CoinGreed 0 Comments

Leading analysts state that the Chinese foreign exchange reserves have likely fallen between the range of $80 to 100 bln in October. Considering the value, experts state that the devaluation of the yuan is presumed and thus, the demand for Bitcoin will most likely surge again. Jens Nordvig, founder and CEO at Exante Data, a prominent proprietary data and innovative analytical solutions provider, recently stated in an open letter to its clients that the foreign exchange market of China may be in trouble. Nordvig wrote: “Last week, our proprietary real-time indicators detected intervention (CNY buying / USD selling) of US$19.5 billion. We have not seen such a large imbalance in the FX market since the first week of January.” It is important to note that in the first week of January, the entire financial market of China was in chaos, as the Shanghai Stock Exchange suffered from a plunge in value, dropping from over 3.5 mln to around 2.6 mln. If the Chinese market experiences a similar imbalance at the beginning of 2017, Nordvig emphasizes that investors should expect a massive drop of $80 bln. “We expect a dramatic drop of around $80 bln. This could be a wake-up call. …

Is This Man the Reason Behind the Bitcoin Price Surge?

admin Bitcoin 2.0, Bitcoin Bank, Bitcoin News, CoinGreed, Companies, Crypto News, Opinion, Prices 0 Comments

Bitcoin price analysts are struggling to identify the rationale behind the sudden price spike in the cryptocurrency’s value as it broke the US$400 mark on November 3, surpassing a market cap of more than US$6 billion. One thing for sure is that nobody can deny the effect China has had on the market in November 2013, the first time it surged past the US$500 mark. This time around, however, things might be a little different. According to research done by Finance Today’s Izabella Kaminska, this recent Bitcoin rally could be caused by a Pyramid Scheme named MMM, orchestrated by Sergei Mavrodi, a convicted Russian serial Ponzi scheme organizer. Mavrodi, whose latest Ponzi scheme targets Chinese investors, has never shied away from admitting that his enterprises are all Pyramid schemes, in fact, he promotes his new program as a PyraMMMid where investors are urged to post profit testimonials on YouTube to “increase their revenues.” According to the English version of the website, new members are required to purchase Bitcoin, which they then pump into the Pyramid Scheme’s “mutual aid” program, paying off the earlier adopters, with a promise of 30% return on their investments at the end of the month. The program …

KIM DOTCOM JUST WARNED ABOUT A SIGNIFICANT GLOBAL STOCK MARKET CORRECTION ON TWITTER, TELLS FOLLOWERS “GET SOME #BITCOIN”

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Kim Dotcom, the outspoken founder of Megaupload, Mega and other firms, recently tweeted about the Chinese Stock Market. The Chinese stock market experienced turbulence in late July and early August and since global stocks have taken a slide.    In the tweet, he suggests his Twitter followers “Get some #Bitcoin.” Dotcom, a German-Finnish Internet entrepreneur, businessman and political activist, was accused of criminal copyright infringement and other charges by the US Department of Justice. He is fighting etradition proceedings in New Zealand. Having founded the file hosting service Megaupload, and Mega, authorities charged that he enabled the file sharing of copyrighted material. His home was raised in 2012 by US authorities.   His next business venture after Megaupload, Mega, launched in January 2013 – one year after Megaupload was closed down. Mega is a cloud storage service using encryption. When PayPal ceased serving Kim Dotcom’s Mega, he tweeted about Bitcoin. Dotcom has long supported Bitcoin, as can be seen here.