Over the Next Two Weeks,
Over the Next Two Weeks, Bitcoin's Price Will Absolutely Obliterate All Time Highs! The Real Question Is, Just How High Will It Go? In This Video I Discuss My Reasoning for Why I Believe That the Price of Bitcoin Can Easily Reach $10,000 and Above Before the Hardfork Date of November 16th.
To see how a Bitcoin valuation of $10,000 isn’t unreasonable, let’s first take a look at its most recent Hardfork into Bitcoin Gold. The price for bitcoin began to rocket upwards just about a week before the Hardfork, taking the price from about $5,200 to a high around $6,100 in a matter of days. Although this high tapered off during the last few days before the fork, the price remained relatively lofty, in the upper $5,000 range.
We saw this same exact sort of run up with Bitcoin Cash as well over the summer when it made an $800 upward price swing that started about 2 weeks before the fork. So we need to start recognizing these patterns and applying them to future forks like the one we have coming up in just 2 short weeks.
Both of these pre-fork price movements earned us strong returns, but a $10,000 price tag? From SegWit2x? How is that possible?
Well first we need to establish some foundations for this argument. What do we know about how Bitcoin grows in value? We know that fundamentally, we should expect to see the price increase as adoption increases and yet, that has not been the case for this 2017 price run. We were seeing about a quarter of a million transactions a day on the blockchain at the beginning of the year and 10 months in, we are still seeing roughly a quarter of a million bitcoin transactions a day. So if adoption has really been skyrocketing why aren’t we saying a marked increase in transactions? Valuing Bitcoin just doesn’t make sense looking through this lens. Instead let’s look at the price of Bitcoin as being affected by 2 things. Media Coverage and Hard Forks.
We all know that the media and news stories published about bitcoin have affected its price throughout the year. Remember when Jamie Dimon downed bitcoin and the price fell? Remember when china pulled out of the bitcoin market and the prices plummeted? Every time people like Bill Gates and John MacAfee tout Bitcoin as the future, the prices jump. We are talking about an asset that’s price is undeniably linked to the news coverage it receives. So if we take a look at Bitcoin Gold. The hard fork received almost no news coverage until a week or two before the fork and that was enough to help boost the price a whopping 17% during the run up to October 24th. Bitcoin Cash received much more news coverage approaching its fork as it was one of the first major hardforks of Bitcoin, and this increased news coverage helped the price of Bitcoin skyrocket approximately 40% in the weeks leading up to the fork.
But the news coverage of both of these Hardforks pale in comparison to the news coverage that SegWit2x has received. Whether you are a pro2x or no2x supporter, the amount of articles, videos, podcasts, and reports discussing the upcoming fork and its effects has to be blowing you away. I mean the stuff is everywhere and we have been seeing it for months! So why can’t we expect to see major growth as a result of this coverage? It only makes sense, and would be following the patterns previously established by other hard forks.
The second thing that clearly has an effect on Bitcoin’s price is hard forks. Investors are beginning to view hard forks as dividend payments. Free money. Airdropped to them for being a loyal supporter of BTC. This “free money” will always draw in investors who want to make a quick buck as well, and the price of Bitcoin approaching its hardforks has reflected this. Except in the past we were feeling the price increase as people anticipated what is essentially highend altcoins with minimal value in comparison to Bitcoin. BCC is valued around $400, and BTG is valued around $100. This time, things are different, this time the forked coin is earning monster valuations. Bitfinex opened the segwit2x coin for futures trading last month and it reached a high of $2,700.
In Addition, Investors aren’t just buying bitcoin this time to get a free dividend payment, they are buying because they want a chance to receive what may be the future core bitcoin.
For this reason, many current bitcoin holders will not be willing to sell their coins, because why sell when you will be receiving what may be the bitcoin of the future for free. Since there will be less Bitcoins available on the market, interested buyers will be forced to pay more and more premium prices to obtain it. This will drive the price to incredible highs!
Just A Little Down On My Luck Right Now :( Any Donations Would Be Absolutely Amazing. Thank You.
What if B2X becomes the core will BTC drop?
Do the Bitcoin,s you are holding double after the fork?..cheers
So when the price of bitcoin ultimately plummets do you think the price will reach where it is at again? Also would you recommend buying in after the hard fork when the prices have dropped and then gaining money as the price hopefully goes back up? Am I️ thinking of crypto currency to much like stocks?
Learning a lot from these cryptocurrency videos. Keep pumping out the info brotha
Shepherd's Pie, not to be
Shepherd's Pie, not to be confused with Shepherd's Cake, is a delicious savory pie which looks and tastes nothing like dessert.
YSAC Book + Merch: http://yousuckatcooking.com
Chop finely or shred a big ass onion
Shred a big carrot (or two medium carrots)
Shred or finely chop 2 or 3 garlic cloves
Heat up some olive grease in a pan on medium
Fry the onion, carrot, and garlic for a few minutes until soft
Create a ring of fire and put around a pound or 500g beef in the middle
Add in a teaspoon of salt and some triple P
Brown the beef and then reunite all of the food components
1 tablespoon Wercestishire sauce
1 tablespoon red wine vinegestishire sauce
1 small tin of tomato paste
A pinch of rosemary
A pinch of thyme
Let me know if I forgot anything
Wangjanlge together until thoroughly combined for a couple minutes
Add in a cup of broth: beef, chicken, veggie, barguest, grindelow, whatever
Thaw a wild peasicle then add in some peas (an amount that you think is good)
Add in some apple corn (an amount that you think is good also)
Wangjangle into Shepherd’s Slop, until it gets thickish again
Go back in time 20 minutes
Cut up some potato chunks
Boil them in extremely salty water for 15-20 minutes or until you fork says so
Mash them with some butter and milk or cream, then add in some garlic powder and parmesan or grana padano, or some other cheese if you want
Wangjangle until they are literally clouds
In a 9 X 9 baking dish (or whatever you have), put the Shepherd’s Slop downstairs, and the starch frosting upstairs, then add some diary sprinkles
Undoh’s on three seventy fundoh, bake for 20 to 30 minutes until the top starts to brown
Take that dish of Shepherd’s Pie out of the undoh then let it sit for ten minutes then serve to your friends, or your enemies, depending on the mood you’re in.
This is good content
1:06 was hoping for either msg or crack cocaine
This is cottage pie.
why not just call Worcestershire sauce, english fish sauce? oh wait, they arent suppose to know its made from rotten anchovies?