Bitcoin price hits 20K
Dec. 17, 2017 | The Bitcoin price seems to know only one direction: upwards! Today it’s hitting 20K. This i snot an all time high becuase the bitcoin price has been that high before. -But only for short period of time. It’s gonna be interesting to see if bitcoin can stay that high. The latest surge of the bitcoin price should be caused by the fact that CME is offering bitcoin futures since dec. 17, 2017. That’s the second traditional broker after cboe which is offering bitcoin futures for trading.
If you want to buy or trade bitcoin then localbitcoins.com is a good solution
Bitcoin price down nearly 8% as Bitcoin Cash surges
Nov. 12, 2017 | The bitcoin price is down nearly 8% percent today due to many investors deciding to put their money into Bitcoin Cash. The reason for this drop of bitcoin price is the fact that segwit2x was cancelled. Now more and more concerns are coming up if bitcoin can handle the issues of scalability and its high transaction fees. Cryptocurrencies like Bitcoin Cash or DASH are dealing with this issues in a better way which let’s their prices surge. As i write this Bitcoin Cash is up more than 70% with a price of 1.677 $ (source: coinmarketcap). It’s marketcap is now more than 28 bln and it could replace Ethereum at position number two.
Teh community now is talking about the lightning network which is trial-run by Litecoin. The lightning network is a solution which is scalable, has low fees and therefore has the potential to solve bitcoin’s scalability problem. Yout can read more about it here: Cointelegraph: Lightning Must Strike Soon, Bitcoin Facing Backlogs as Scalability Solution Awaited
Trade Bitcoin and Bitcoin Cash
If you want trade the bitcoin price or also bitcoin cash then bitfinex is a pretty good solution for you. It’s one of the biggest bitcoin brokers on the market, offers many security options and trades are executed immediately. Try it now!
Bitcoin price hits another all-time-high
Nov. 1, 2017 | Good news for bitcoin price: The rally of the bitcoin the first blockchain based cryptocurrnecy keeps on hitting new highs every week or so. At the moment i write the bitcoin price is more than 6.500 $ and it’s market capitalication has now almost 110 bln. Altcoins like Ethereum, Ripple and Litecoin are losing a bit today but this is no surprise.
Reason for the rally of bitcoin price
The reason for the current surge of bitcoin price is an announcement from CME Group from Tue Oct. 31,
2017. In their annoncement they say that they intend to launch bitcoin futures in the near future. CME Group which claims to be “the world’s leading derivatives marketplace” wrote that the future will be cash-settled based on their bitcoin reference rate which is made once a day and it is related to USD. CME Group had calculated and pusliched their bitcoin reference rate since November 2016 and now they’re obviously ready for the next step. Their decision to make a Bitcoin-future shows that cryptocurrencies are getting more and more popular and that they are ready for the mainstream.
If you want to read more about the new product from CME then visit
this link: http://www.cmegroup.com/bitcoin
Oct. 16, 2017 | The upcoming Fork for Bitcoin Gold leads Bitcoin price to another all time high. By the moment i write this the bitcoin price is at nearly 5,600 $ at coinmarketcap. It seems like the chance of getting some free Bitcoin Gold is driving investors into Bitcoin no matter how high the bitcoin price is. But there came also up some exciting news for Bitcoin in the last few days: On of it is Microsoft accepting Bitcoin for example. The fact that such a big company like Microsoft is accepting bitcoin is really good news and one can only hope that other big companies will follow. If that happens the bitcon price will have another huge rise.
Altcoins are rallying too
The most important altcoins are riding this wave too. But not all with the same momentum. As Litecoin had some pretty good gains during the last few days Ripple is following today. Ethereum had some good days as well. But in this case there’s also to consider this altcoin is having an Ethereum hard fork today and as it seems all is going well with it what’s pushing the course.
Bitcoin Gold isn’t worth it
Bitcoin Gold gets a lot of attention at the moment but i think it’s just a hype and therefore it will not last very long. It’s just the same with Bitcoin Cash. It’s having no real use and like Charlie Lee wrote on Twitter ther are some Bitcoin devs who try to steal Bitcoins Brand (and I really don’t believe they will succeed with it). When your entire idea/business model is to try to copy something widely accepted than without any additional use then you will likely not have very much success.
But anyway. Bitcoin price is having a good time at the moment and altcoins can gain profits as well so let’s see how the market reacts to Bitcoin Gold when it’s here.