Most active topics
Latest topics
Bitcoin is a Bubble. But It Won’t Burst For Long - Akke Svenson, Rahakott CEO
Page 1 of 1 • Share
Bitcoin is a Bubble. But It Won’t Burst For Long - Akke Svenson, Rahakott CEO
On Monday, November 27, Bitcoin has gone too far, touching another all-time high at $9,640. And it looks like it’s not the end.
Greed and Rush
Cryptocurrency has gained more than 870% during the year, and now the key question – whom or what can stop the process? Bitcoin’s sharp move higher only supports the speculative demand for the asset, despite the growing speculations on the nearing bubble burst.
The fear of missing out is driving the mass desire to buy cryptocurrency. Those who didn’t believe in Bitcoin at first sight are gradually changing their opinion. And those who saw their friends earning good money on the cryptorush want to jump aboard the leaving train and join the market en masse.
Consensus Omnium
The constantly popping up news confirming the cryptocurrency’s status at well-recognized marketplaces is an additional driver of people’s interest.
For example, СМE Group, the largest North American derivatives marketplace, offering the widest range of futures and options products and uniting commodity exchanges of Chicago and New York, has recently announced plans to launch Bitcoin futures. It is practically the acknowledgement of crypto assets potential by behemoths of the market.
Besides, there are interesting data on crypto assets global expansion. Bitcoin is already an official means of payment in Japan. Moreover, the number of companies accepting cryptocurrency as payment has grown by 12% during the period from August to October!
https://coinidol.com/bitcoin-is-bubble/
Greed and Rush
Cryptocurrency has gained more than 870% during the year, and now the key question – whom or what can stop the process? Bitcoin’s sharp move higher only supports the speculative demand for the asset, despite the growing speculations on the nearing bubble burst.
The fear of missing out is driving the mass desire to buy cryptocurrency. Those who didn’t believe in Bitcoin at first sight are gradually changing their opinion. And those who saw their friends earning good money on the cryptorush want to jump aboard the leaving train and join the market en masse.
Consensus Omnium
The constantly popping up news confirming the cryptocurrency’s status at well-recognized marketplaces is an additional driver of people’s interest.
For example, СМE Group, the largest North American derivatives marketplace, offering the widest range of futures and options products and uniting commodity exchanges of Chicago and New York, has recently announced plans to launch Bitcoin futures. It is practically the acknowledgement of crypto assets potential by behemoths of the market.
Besides, there are interesting data on crypto assets global expansion. Bitcoin is already an official means of payment in Japan. Moreover, the number of companies accepting cryptocurrency as payment has grown by 12% during the period from August to October!
https://coinidol.com/bitcoin-is-bubble/
Vladdirescu- Posts : 721
Reputation : 1
Join date : 2017-04-21
Similar topics
» Investing in Bitcoin: Long-Term or Bubble? Surveys Find out What Traditional Traders and Cryptoinvestors Think
» Bitcoin Price: BTC Breaks Through $13,000 Ahead of the CBOE’s Bitcoin Futures Launch
» Up and Down Again: BTC Price Goes Up But Not For Long
» Rentberry – the Modern Approach to Long-Term Renting
» Bitcoin is Going to Hit $10.000 Soon
» Bitcoin Price: BTC Breaks Through $13,000 Ahead of the CBOE’s Bitcoin Futures Launch
» Up and Down Again: BTC Price Goes Up But Not For Long
» Rentberry – the Modern Approach to Long-Term Renting
» Bitcoin is Going to Hit $10.000 Soon
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Thu Nov 29, 2018 4:02 pm by Vladdirescu
» Smart Valor — The Future of Global Investments
Tue Nov 13, 2018 6:06 pm by Vladdirescu
» Jur — Resolving Legal Disputes with the Help of Smart Contracts
Tue Oct 30, 2018 7:08 pm by Vladdirescu
» CDRX — Blockchain Technology in the Traditional Securities Market
Thu Oct 18, 2018 3:48 pm by Vladdirescu
» NoahCoin as a Key to Borderless Facilities of Noah Project
Thu Oct 11, 2018 4:39 pm by Vladdirescu
» Iconiq Lab — New ICO Accelerator and Decentralized Investment Fund
Wed Oct 03, 2018 8:34 pm by Vladdirescu
» Raincheck — Global Bonus System and Loyalty Program on the Stellar Blockchain
Thu Sep 13, 2018 6:09 pm by Vladdirescu
» Clintex (Clinical Trials Intelligence) — Alternative Treatment of the Future
Mon Aug 27, 2018 12:47 am by Vladdirescu
» Mobu ICO— The Future of Security Tokenization
Thu Aug 16, 2018 1:26 am by Vladdirescu
» Codex Protocol — Blockchain-based Title Registry of Art and Collectibles
Wed Jul 11, 2018 6:32 pm by Vladdirescu
» INGOT Coin Develops An All-Inclusive Ecosystem to Bridge Markets, Revives Lost Demand
Tue Jul 10, 2018 6:50 pm by Vladdirescu
» Japan Has Announced New Five-Point Regulations for Cryptocurrency Exchanges
Tue Jul 10, 2018 3:16 am by Vladdirescu
» Trivver — Blockchain-Based Extended Reality Ad Exchange
Sat Jun 30, 2018 5:38 pm by Vladdirescu
» OEL Foundation — Unified Logistics Blockchain Infrastructure
Mon Jun 25, 2018 10:20 pm by Vladdirescu
» Quadrant Protocol — Data Ecosystem With Authenticity And Provenance
Sat Jun 09, 2018 6:59 pm by Vladdirescu
» Pumapay Brings Crypto Payments into Daily Life, Raises $117 mln in Private Token Sale
Mon Jun 04, 2018 6:47 pm by Vladdirescu
» FlipNpik — Social Media for Local and Small Businesses based on XLM
Thu May 24, 2018 3:34 pm by Vladdirescu
» Japanese Bank MUFG Is Planning to Issue a Trial of Its Own Digital Currency
Thu May 17, 2018 11:40 pm by Vladdirescu
» Blockchain Enters Poland’s Financial Market, Namely the Credit Office
Thu May 17, 2018 10:55 pm by Vladdirescu
» HSBC Claims it Performed the World’s First Trade Transaction via Blockchain
Thu May 17, 2018 10:26 pm by Vladdirescu