Bitcoin Price hits $10,000

Bitcoin Price now $10,000

It has finally happened. Bitcoin price has hit $10,000.

This happened in the afternoon of 28^th of November, 2017 at 1.30am UTC (9.30am Hong Kong time) as traders in the Korean market started trading bitcoin BTC/KRW at $10,800 on both Bithumb and Coinone. The second and seventh largest bitcoin exchange by volume. The western world was a bit skeptical at first but was reluctantly pulled into the double digits milestone value by increased buyers on the bitcoin sphere.

Bitcoin price hit $9,000 for the first time ever in November, 26^th and it took only two days to surge past $10,000 as its market price right now is $10,557 according to the stats from Coin market cap.

So you may want to ask: Is this growth sustainable?

Billionaire Hedge fund legend Mike Novogratz – a long term bull thinks the price of bitcoin could reach $40,000 in 2018.

So what are the factors driving bitcoin price up?

This thanksgiving weekend alone. The iOS App for Coinbase trended amongst the searches on Appstore as the most downloaded App. Totaling 100,000 downloads in just 4 days.

In August this year: there was an announcement that 70 new fund could be starting on the cryptocurrency sphere. Now this is no longer news as over 100 fund managers are venturing into the bitsphere and bitcoin is now formally gaining wallstreet attention and adoption.

 Also, there has been over 2000 new ICOs this year and they all have been using bitcoin as their base currency for trade and transaction.

This in itself has driven the daily transacton volume from $161billion in August to over $240 billion today.

Another major contributing factor for bitcoin sizeable gains is the reality that bitcoin futures would soon be traded on major regulated markets. Two of the world’s largest futures markets, the Chicago Mercantile Exchange (CME) and the Chicago Board of Options Exchange will soon launch Bitcoin futures.

This in itself is large.

The large adoption of bitcoin all over the world is also unprecedented.

From Countries with little internet presence to the western world. Everybody wants in and due to so its simplicity and no government or third party interference, people are shoring it up as a store of value. Venezuela for instance has had the Bolivar devalued to 90% of its value due to hyperinflation and right in its capital city, Caracas, bitcoin adoption has risen exponentially.

This alone can make the price go up to $40,000 and above.

So you now ask, can bitcoin price increase be sustained?

Still on Mike Novogratz on CNBC: “We shouldnt be surprised if the markets undergoes a short term correction as the rally cools off and early investors and traders take profit… “

So don’t be afraid of price corrections and rally off.

Like the soldiers in Hollywood blockbuster 300.

Hold! Hold!! Hold!!!

The journey has only just begun.

USITECH | This video sums it up

         

All you need to know about USITECH

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Here is a video that simply explains what it is and how to join.

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Bitcoins scams are everywhere. Watch out!

                                                   

Bitcoin Scams are everywhere. Watch out!

                                                             This picture speaks volume.
                                                             Not all that glitters is gold.
                                                              Too many online scams today.
                                                                    Don't fall victim.
                                                             Watch your investments closely.
Here is one i reviewed last year. http://bitcoinvestpw.blogspot.com.ng/ An online scam that took 0.26btc from me and many more from others.   I am interested to hear about your experience online.
Please share with us. Lets all be safe online. Thank you.

What is the best investment today?

Bitcoin Price (Jan 2017 to 24th Sept, 2017)

What is the best investment, you ask? 

Today we are burdened by a constant seeking of genuine investment opportunities to grow our finances, and if we have been listening or just living in this planet this year. There is no better investment like the investment in bitcoin.

Bitcoin has been phenomenal this year. To believe that it started this year with just $1000 and in just 8 months jumped to near $5000. That’s 500% increase and it retraced to about $3,000 upon BTCe announcement of a stop in its trading activities and now it is towering towards $4000.

Now, If you know just simple investment principles. You will not sell out during market fluctuations.  Let’s borrow from the wisdom of Warren Buffet: You buy to hold. Don’t sell with market fluctuations. The market was meant to fluctuate with news but you are to ensure you don’t put your emotions in it. What’s the worse that could happen. You earn back your $1000 which is not possible seeing the world’s acceptability of bitcoin.

For those who are afraid, never before has there been an answer to the financial problems of the common man like the appearance of bitcoin. Bitcoin eliminates the international money exchange problem and allows you deal with the user or recipient directly anywhere in the world. It also has proven a better store of value than Gold. There is no governmental interference and It is now in use in Asia to the US and the UK and one that you are not afraid can be stolen. What could be better than that? What is the best investment today? Bitcoin is the best investment for today.

Now, there are so many investment platforms for mulitiplication of bitcoin today- Please be wary of these. People have realized bitcoin will keep rising in value and they have come up with various bitcoin investment platforms to ensure they grab as many bitcoin as they can. Unless one you can verify and are sure of. Don’t put your bitcoin in there. Bitcoin value has been projected to get to $10,000 and it may even go higher since it has a limited number in circulation. So a lot of these schemes are just to grab as many bitcoins as they can. So be careful out there. Learn from the wisdom of Warren Buffett: Buy and Hold.

                                                           

USI-TECH: How genuine is it?

USI-TECH was launched in Nov 2016 as a new online investment and cryptocurrency investment tool.

USI-TECH has been cleared by SEC (Securities and Exchange Commission) and FTA (Free Trade Agreement) in the US, legalizing its existence. 

Check Alexa Rankings,  most of its investors are from the US. This is a feat most online businesses cannot boast of. Most don’t operate in the US.

                         Cryptocurrencies is the new age currency 
and since our world is globalized by computer networks. Cryptocurrencies have come as a digital currency to enable commerce take place beyond borders and without a third party.

USI-TECH takes advantage of this boom to create a cryptocurrency and forex products that allows you plug in and profit.

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                                                               Want to know more, read more from here