Discussion on Cryptocurrency Bitcoin: Where is Bitcoin Heading?


What’s Next for Bitcoin: $10K or $30K?


I believe that $10K is a very reasonable price to pay for Bitcoin. 

“Assets” (this word is very important) are scarce and a limited resource. 

The goal of the Bitcoin network is to reduce the cost of doing business with each other. 

With the supply limited and the demand continuing to increase, the price will eventually rise.

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I think that in the long run, $10,000 is the more likely outcome. 

I believe that 10,000 is a reasonable number to shoot for because we’ve already seen a lot of euphoria wane and then come back to hit a new high, so I think it has more than enough momentum to make it to $10,000. 

This is certainly not an investment decision, but rather a call to buy and hold. 

We have a long, long way to go until we reach this milestone.

For those who are looking to get in early on their cryptocurrency investments, $10,000 looks to be the sweet spot. 

That will provide a solid base for long-term growth. 

Unlike cryptocurrencies that are more volatile, the price of a $10,000 investment in bitcoin is less sensitive to market volatility. 

The risk of losing everything is also lower, as there are not very many dollars at stake.


The question I keep asking myself is this - what’s next for Bitcoin? 

Will it continue to be seen as the digital currency for consumers and merchants, or will Bitcoin create a new class of currency that provides more functionality than its predecessors.

while retaining the basic monetary utility of a virtual token?Bitcoin is extremely volatile. 

But that hasn’t stopped people from getting rich from the cryptocurrency. 

$10,000 is a very exciting price, but what’s even more exciting is the potential for much higher gains in the future. 

But there are still risks out there, too.



Speaking of Sentiment: Who Out There Is Still Eager to Trade Crypto?

So much has happened in the crypto world since we last talked. Bitcoin is up. 

Bitcoin is down. Facebook is banning crypto ads.

I’ve spent a lot of time lately trying to answer a simple question: 

What would happen if sentiment turned? 

If the crypto world finally ran out of buyers and sellers turned into sellers, then where would we be? 

I’ve come to the conclusion that there are two main crypto “worlds” right now. 

In one, crypto is the most exciting thing on the planet and everyone wants a piece of the action.

It’s been a tough year for cryptocurrencies. 

Since the beginning of 2018, the aggregate market cap for all digital currencies has fallen by more than 60%. 

High-profile exchange failures, regulatory uncertainty, and the continued rise of digital currencies like Facebook’s Libra have all taken a toll on the crypto market. 

But despite these headwinds, there are still thousands of people around the world who are eager to jump into the crypto market.

Crypto’s euphoric run-up in late 2017, followed by its brutal, yearlong bear market, has been enough to turn many people off of the space entirely. 

But there are still plenty of people who are eager to trade cryptocurrencies, even in their current rangebound market. 


The question is: who are they? 

I wanted to find out, so I surveyed a group of crypto enthusiasts to see what they’re thinking, and what they’re planning to do next.

When I first started writing about crypto in late 2013, the sentiment was euphoric. 

The world was on the cusp of a revolution, and the only question was how rich you would become. 

Today, things couldn't be more different. Crypto has been called a bubble, a Ponzi scheme, and worse.



Cardano “Sharks” Strongly Accumulating ADA for First Time Since February

Cardano has been a maelstrom of speculation and debate since it went live on the Poloniex exchange in September. 

Its $1.5 billion market valuation was enough to push it into the top ten cryptocurrencies by market capitalization, though it has since slipped to around the twenty-second spot. 

For the first time since February, however, Cardano appears to be accumulating a significant amount of ADA, suggesting it may be close to another major rally.

After months of relative calm in the markets, Cardano’s ADA just showed signs of life. 

Over the past 24 hours, the digital currency has been strongly accumulating ADA, a pattern that hasn’t been seen since February. 

This dynamic comes as little surprise to those paying close attention to the markets — Cardano’s market cap has consistently hovered around the $4 billion mark for the past few months, with no clear direction for where it’s headed next. 

However, the past 24 hours have shown that the market still has a strong appetite for Cardano, even in the face of a market correction.

Cardano “sharks” have strongly accumulated ADA for the first time since February. 

At the time of writing, the total market cap of ADA is $2.2 billion, with the sharks holding a market share of about 48%. 

This share has fluctuated a lot, ranging from a low of about 30% in June to a high of about 70% in August. 

The sharks have recently been on a buying spree, accumulating about 1.2 billion ADA in the last two days.

Cardano is showing strong accumulation of ADA for the first time since February, as the digital currency’s market capitalization briefly topped $3 billion. 

The latest rally in ADA was sparked by a research note by the Bank of America Merrill Lynch, which projected that Cardano would overtake Ethereum as the second largest blockchain by market cap following its Shelley upgrade. 

The research note, which was sent out to clients and quoted by Bloomberg, projected that after the upgrade, Cardano will be worth $2.8 billion

It also projected that Ethereum would fall to the third spot, with a market cap of $2.2 billion.

After a week of intense speculation, Cardano has finally made a strong accumulation of ADA for the first time since February. 

Over the past week, Cardano has accumulated over $50 million in the market, which is currently equivalent to approximately 5% of the total supply of ADA. 

This strong accumulation of ADA is likely to have caught the attention of a number of investors and speculators, who have recently begun to accumulate large amounts of ADA. 

Over the past 24 hours, Cardano has accumulated a further $14 million, equivalent to approximately 1% of the total supply of ADA.



Smart Policy: Zero Trading Fees Are A Big Hit At Binance

The world’s largest cryptocurrency exchange, Binance, is offering “zero trading fees” as a limited-time offer for new users. 

The move, which comes after several months of Binance slashing fees across the board, may be just what the crypto space needs to get back on its feet after a brutal bear market. 

For now, it’s not clear how many new users Binance has lured in with the deal, but the company’s founder and CEO, Changpeng Zhao, has said he expects the move to be a “game-changer” for the industry.

The days of waiting ages for your cryptocurrency to be delivered from an exchange are over. 

Thanks to new, cutting-edge blockchain technology, nearly instant and fee-free cryptocurrency trading is now a reality for the masses. 

One of the most popular exchanges to adopt such technology is Binance, the world’s largest cryptocurrency exchange. 

Over the last few months, the company has introduced a slew of new, industry-altering products, including the Binance Chain — a decentralized exchange built on the Binance Chain — and zero trading fees, which have proven wildly popular with its user base.

One of the biggest cryptocurrency exchanges in the world just made a big announcement about

 

how it will continue to attract new users: it is going to offer zero trading fees. 

That’s a big win for crypto investors and the industry at large. 

 The news from Binance came after the cryptocurrency markets had been on a rollercoaster ride this week. 

First, Bitcoin hit a high of $3,747 on Monday.

The world’s largest cryptocurrency exchange by trading volume is offering zero trading fees to its customers starting today. 

The move comes at a time when the cryptocurrency industry is grappling with a price downturn, which has led to numerous price-sensitive users losing money. 

But instead of responding to these market pressures by raising trading fees, Binance is going the other direction and is offering its customers zero trading fees. 

This is a smart strategy that will help the company retain customers and maintain its position as the industry leader.

One of the biggest cryptocurrency exchanges in the world, Binance, is making a big move in the industry: zero trading fees. 

The move is already proving to be a huge success, with average daily trading volumes through Binance reaching a record high of $1.5 billion on Wednesday. 

The move has also been a big hit with customers, with a recent survey showing that nearly 90% of those who use a cryptocurrency exchange consider zero trading fees to be an important feature.


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