Bitcoin’s Price Has Soared. What Comes Next?

Just A Short Time Ago, Bitcoin Prices were…

Not too long ago Bitcoin was worth almost $17,200, today its hovering around $7,600. Folks It was 6 months ago that Bitcoin was worth $10k more than it is today!

This post from the New York Times talks about how the price of crypto currency may have been influenced by talks of big business finally showing signs of accepting crypto currencies for payments.

Another reason that bitcoin prices are being affected is the rapid movement of investment companies into the crypto trading and investing markets. I myself have noticed just in the last 3 months that there are many new investment and trading opportunities for bitcoin . Ethereum Blockchain based opportunities are on the rise lately, I have noticed.

Bitcoin futures are being offered now too.

So why is it that today we have bitcoin prices that are mirroring the prices we had at the end of 2017?

Is it because of the lack of success that new tokens are seeing latley?

Is it becuase of the GDPR regulations that are going into effect in 2 days?

Is it because of how some payment processors have handled crypto currencies? Payza failed to make sure that they had the proper permits and licenses to convert crypto to the USD. PayPal has been cutting off home based businesses that have affiliate programs and are processing crypto payments, it seems. So could they be playing apart in the sudden drop in bitcoin prices lately?

Anyways….The story is below go ahead and check it out let me know what you think drives crypto currency prices.

Bitcoin’s Price Has Soared. What Comes Next?

The value of a single Bitcoin has risen 1,500 percent this year. Traditional financial institutions and a dose of irrationality are fueling the boom.

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Andra: Tokenizing Venture Capital; BatchOverflow: Hacking ERC20 tokens; Reddit: Accepts Bitcoin again

When it comes to everything Crypto related this site has it covered

Hello again, Today I am sharing a post from Daily Fintech. This was published earlier this month, May 7th 2018.

After reading this post I have to say I picked an exciting and challengeing time to get back into crypto currency.

I had heard of stories of crypto currency block chains being hacked so to speak. But I never realized until today just how vulnerable my favorite crypto currency is to being hacked.

I like to collect Ethereum from free faucets. For about 2 months I was using my Exodus Wallet address. As I got closer to being able to cashout at Faucethub, I find out that they won’t pay to Exodus because it is considered a contract wallet.

Long story short…It made me go thru the headache of getting back into my Coinbase account after 31/2 yrs. Which brings me to another point that was made in this post.

What was the real reason behind Reddit suspending Bitcoin payments earlier this year? They say that Coinbase is partly to blame as well as all the fees involved with transactions for bitcoin.

Miners are also basically price gouging as well. Meaning that miners were being picky about which payments they chose to process during heavy periods, and raising their fees because they could not keep up. That’s my take , anyways.

What are your thoughts? Give it a read…the Links below:

 

Andra: Tokenizing Venture Capital; BatchOverflow: Hacking ERC20 tokens; Reddit: Accepts Bitcoin again

The Blockchain Bitcoin & Crypto Weekly CXO Briefing is all you need to know, each week, jargon free for CXO level business leaders and investors who will use this technology to change the world. Each week we select the 3 news items that matter and explain why…

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