CryptoGuru
Level X3
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This is a very exciting time for Bitcoin and everyone who is involved. From the possibility of scaling by the end of the year to the recent signs of progress in the price. Today the price is $658 in dollars. It actually broke the high and that is what i have been waiting for. One of two things can happen in the next 2 weeks. We will see an increase to the 800 range by second week of November or a drop back down to the 600 range. In my opinion a drop is very unlikely but it depends mostly on what happens in China.
The Yuan is still taking a fall yet Bitcoin price is climbing at the same time. What does this tell me exactly? The investors in the Bitcoin industry in China are starting to abandon The Yuan and they are buying BTC at a rapid rate. People don't realize that China accounts for almost 90% of the trading and 40% of the mining. The people in China see the value in Bitcoin i think its time the United States do the same. If you invested into Bitcoin when i first posted about it at 600 you have made almost 10% on your money in less than 6 weeks. What bank is don't those kinds of numbers? Some of you are in different countries what do banks give out for Interest? I would love to compare this to the numbers Bitcoin does and see what is more valuable to keep my savings in.
As always thank you for reading please don't forget to follow me.
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Cristian
Bitcoin is up at 680 dollars at the moment, an incredible gain in the last few months, so you were very accurate on your predictions and I still didn't invest! Haha I wonder if I get into it now if I'll turn a profit around until spring? Price of Yuan is very important for the world finical stability, for it to fall too much in the following weeks would not be good, especially for Europe who is already in deep trouble and hanging by the edge of the cliff. Bitcoin is up at 680 dollars at the moment, an incredible gain in the last few months, so you were very accurate on your predictions and I still didn't invest! Haha I wonder if I get into it now if I'll turn a profit around until spring?
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