The USD (as measured by the US Dollar Index) has gained almost 40% from 73 in 2011 to 102 recently, and bitcoin recently topped $1,000 (trading at $909 as this article goes to print). These gains aren’t trivial, nor are they magic. They are the result of basic economic forces: supply and demand, utility, liquidity, capital flows and risk management. Capital migrates to where it flows with the least resistance, i.e. to forms of capital that are liquid and offer low transaction costs—what I call ease of flow. Capital also migrates to relatively safe havens that are liquid and offer low transaction/holding costs, and to forms of capital with global utility. Lastly, capital flows to the highest yield/return with the lowest perceived risk. Given these fundamentals, it isn’t difficult to understand why capital is flowing into USD-denominated assets and bitcoin More details: https://www.supernetcoin.com/14/show https://www.youtube.com/watch?v=1xzRAyyQDdY https://www.youtube.com/watch?v=z2_VLb0wPTg
Bitcoin price is integrating or combining in a short-term triangle pattern as traders are holding out for a fresh batch of market catalysts in the upcoming quarter. Bitcoin price forecast can prove that how bitcoin prices will be higher or lower in this 2017. 1. An upside breakout could have signal that bitcoin price is for more gains while a downside break could leave room for more losses. 2. Price nearing to the peak of its formation so a breakout could be due soon. 3. Bitcoin price has formed lower highs and higher lows on its short-term time frame, creating a symmetrical triangle consolidation pattern.
Can't believe that this bitcoin has recently touched the price of 1225 $ last week and it is still good for making money in my opinion.
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Understandably, the uncertainty caused by this inside feud has spread across to the wider Bitcoin Cash community, particularly investors who are beginning to doubt the longevity of the hard-forked Bitcoin project. This has led to BCH struggling to break back over $600 in the last 3 weeks, now back below $530 and down -6.38% against USD.
