Topic: 5 reasons bitcoin is roaring (Read 312 times)

Not confirmed.


This news has been floating around for ever. And "which could lead to" talk is bullshit. Amazon accepting Bitcoin for payment has no influence on Baba.

To the OP, if you're going to plagiarize the entire MarketWatch article you should put the comment in quotes.

Good points you got there. I think the next few months after the fork will be great for bitcoin and cryptocurrencies in general. We're due another bull run very soon imo!

I did not know about the Amazon and AliBaba adoption.  That would be absolutely huge for Bitcoin.  We're talking big money.  Hopefully October 26 will be a great day.

Based on the information i have, China will not reopen their exchanges for trade between fiat money and altcoins. I mean this year only.

1. Bitcoin Forks
Investors are wagering that a pair of so-called hard forks in core bitcoin.

2. China bitcoin exchanges
The announce by Charles Hayter, chief executive officer and founder of CryptoCompare, who said heightened speculation that China may license digital-currency exchanges and allow them to reopen after a recent ban.

3. Amazon.com speculation
There are rumors about Amazon.com Inc. AMZN, +0.20%  accepting bitcoin on its retail platform. According to a blog post on Seeking Alpha, Amazon could announce that it will accept bitcoin as payment on its site when it reports quarterly results Oct. 26, which could lead others, including Alibaba Group Holding Ltd. BABA, -1.15% to follow suit.

4. Recent declaration of  IMF Managing Director Christine Lagarde  about developments in financial technologies
'We are about to see massive disruptions,    it's time to get serious about digital currency"

5. Wall Street attention
As the virtual currency gains more attention from average folks, it is also garnering eyeballs and investments from hotshot Wall Street veterans. A co-founder of alternative asset manager, Fortress Investment Trust, Michael Novogratz is starting a $500 million fund to invest in cryptocurrencies and told CNBC during a recent interview that the cryptographic currency could be worth $10,000 in six to 10 months.

Source:
1. 2. 3. 5. Based on http://www.marketwatch.com/story/5-reasons-bitcoin-has-roared-to-its-highest-level-ever-defying-dimons-fraud-call-2017-10-12

4. https://www.coindesk.com/massive-disruption-imfs-lagarde-says-cryptocurrencies-must-be-taken-seriously/