now it's $9500
Cheap.
Feels like a elephant moving.
Topic: Bitcoin prices skyrocket thanks to Facebook - page 2. (Read 856 times)
Cheap.
Feels like a elephant moving.
Here is the good part though after all this drama about Libra ends.
They will be looking for the real investment and not stay with something that is just equal to USD. Same will happen with USDT.
They will be looking for the real investment and not stay with something that is just equal to USD. Same will happen with USDT.
Same thinking here. Obviously this is just some stablecoin with no relation to Bitcoin. But the fact that it's a "cryptocurrency" being pushed by Facebook and it also might trade on exchanges like Gemini and Coinbase could create some new hype around crypto. It'll mean more money sitting on the sidelines on these exchanges. Eventually, some of that hype and money will find its way to Bitcoin.
What rocket? We are still at 9k.
Take a look again the price today.Just a small push and it almost gonna break a new resistance level which is $10,000. I've never been so excited to see such price slowly pushing upward within just a little time. I don't know if it is really because of Facebook since i don't find any connection of the price to push so far like this.
The latest monitoring shows that the price of Bitcoin is above USD 9,200 per chip. The increasing crypto currency value is in line with its market capitalization which also jumped to USD 163 billion,
It's been a while since the digital currency posted that value. The last time Bitcoin had a price above USD 9,000 occurred in May 2018, or more than a year ago.
Investigating, the presence of Facebook's digital currency has contributed to controlling the value of Bitcoin. Some investors say the social networking plan is encouraging people to buy Bitcoin. This shows optimism for the increasingly widespread application of cryptocurrency in the mainstream financial system.
Not long ago, Facebook was rumored to be launching its digital currency on June 18. That date is much faster than the previous news that said that they would only launch digital currency globally by 2020.
Later, the digital currency which is called to be called stablecoin can be an option for Facebook employees as a form of payment of their salaries. In addition, the company made by Mark Zuckerberg also targets the currency to be used in developing countries where many residents still do not have bank accounts.
It's been a while since the digital currency posted that value. The last time Bitcoin had a price above USD 9,000 occurred in May 2018, or more than a year ago.
Investigating, the presence of Facebook's digital currency has contributed to controlling the value of Bitcoin. Some investors say the social networking plan is encouraging people to buy Bitcoin. This shows optimism for the increasingly widespread application of cryptocurrency in the mainstream financial system.
Not long ago, Facebook was rumored to be launching its digital currency on June 18. That date is much faster than the previous news that said that they would only launch digital currency globally by 2020.
Later, the digital currency which is called to be called stablecoin can be an option for Facebook employees as a form of payment of their salaries. In addition, the company made by Mark Zuckerberg also targets the currency to be used in developing countries where many residents still do not have bank accounts.
Libra coin (The facebook coin) is not the main reason of bitcoin prices to skyrocket. The bitcoin price is increasing because baktt platform is very near to launch and bitcoin volume can increase to a greater extent which may make bitcoin prices to rise very high. Facebook coin has its own significance and bitcoin price has nothing to do with it.
I wont agree or disagree. I will just be in the middle of it all.
Because it could be one of the reason or not even a single reason that it is the culprit. We just dont know.
Here is the good part though after all this drama about Libra ends.
They will be looking for the real investment and not stay with something that is just equal to USD. Same will happen with USDT. Just used by traders as their scapegoat for large amount of real coins into fiat or for safety because of the volatile market.
Because it could be one of the reason or not even a single reason that it is the culprit. We just dont know.
Here is the good part though after all this drama about Libra ends.
They will be looking for the real investment and not stay with something that is just equal to USD. Same will happen with USDT. Just used by traders as their scapegoat for large amount of real coins into fiat or for safety because of the volatile market.
Facebook has nothing to do with the increase of bitcoin and bitcoin hasn't "skyrocket" just yet, it has been a slow increase for sure but those who do not remember the peak 2017 and how we reached there may consider this a skyrocket themselves.
We know bitcoin going 10%+ a day for a month to reach 20 thousand dollars multiple times and before that during 2014 we have reached from 150 dollars to 1400 dollars in a month as well whereas this time around it has been 2 months and bitcoin only managed to went from 3 thousand to 9 thousand which is still a great increase but not a skyrocket at all. Plus the biggest increase during 3k to 8k times happened way before libra was announced so it definitely has nothing to do with it.
You need to be really a shill of Libra to think they have any connection at all.
We know bitcoin going 10%+ a day for a month to reach 20 thousand dollars multiple times and before that during 2014 we have reached from 150 dollars to 1400 dollars in a month as well whereas this time around it has been 2 months and bitcoin only managed to went from 3 thousand to 9 thousand which is still a great increase but not a skyrocket at all. Plus the biggest increase during 3k to 8k times happened way before libra was announced so it definitely has nothing to do with it.
You need to be really a shill of Libra to think they have any connection at all.
Yes, personally I think that with the announcement of Facebook coin specifications yesterday it has stimulated new Investors to buy Bitcoin, because we know that Facebook is a successful company now, so when Facebook decided to plunge into the Crypto world, it would have a good impact on Bitcoin .
It makes people curious about what crypto is and how it works indeed. I hope they can see the differences and notice it is just a tool to make the ultra rich richer and to have control over it. 
The latest monitoring shows that the price of Bitcoin is above USD 9,200 per chip. The increasing crypto currency value is in line with its market capitalization which also jumped to USD 163 billion,
It's been a while since the digital currency posted that value. The last time Bitcoin had a price above USD 9,000 occurred in May 2018, or more than a year ago.
Investigating, the presence of Facebook's digital currency has contributed to controlling the value of Bitcoin. Some investors say the social networking plan is encouraging people to buy Bitcoin. This shows optimism for the increasingly widespread application of cryptocurrency in the mainstream financial system.
Not long ago, Facebook was rumored to be launching its digital currency on June 18. That date is much faster than the previous news that said that they would only launch digital currency globally by 2020.
Later, the digital currency which is called to be called stablecoin can be an option for Facebook employees as a form of payment of their salaries. In addition, the company made by Mark Zuckerberg also targets the currency to be used in developing countries where many residents still do not have bank accounts.
It's been a while since the digital currency posted that value. The last time Bitcoin had a price above USD 9,000 occurred in May 2018, or more than a year ago.
Investigating, the presence of Facebook's digital currency has contributed to controlling the value of Bitcoin. Some investors say the social networking plan is encouraging people to buy Bitcoin. This shows optimism for the increasingly widespread application of cryptocurrency in the mainstream financial system.
Not long ago, Facebook was rumored to be launching its digital currency on June 18. That date is much faster than the previous news that said that they would only launch digital currency globally by 2020.
Later, the digital currency which is called to be called stablecoin can be an option for Facebook employees as a form of payment of their salaries. In addition, the company made by Mark Zuckerberg also targets the currency to be used in developing countries where many residents still do not have bank accounts.
I don't think facebook coin is the behind of all this market hype of bitcoin because bitcoin made a bullrun even without this event. I think the main reason of this it is because of gradual came back of crypto investors in crypto world. And soon bitcoin will make a skyrocket nore than our expectations.
Yes, personally I think that with the announcement of Facebook coin specifications yesterday it has stimulated new Investors to buy Bitcoin, because we know that Facebook is a successful company now, so when Facebook decided to plunge into the Crypto world, it would have a good impact on Bitcoin .
Ethereum for example. Based on data from CoinMarketCap, throughout 2019, its value has also skyrocketed more than doubled from USD 133 on January 1 to USD 269 today. Then, improvements can also be seen in Ripple, Litecoin, and Bitcoin Cash.
Improvements?Ethereum all time high $1400 versus $270 current price.
XRP all time high $3.7 versus $0.43 current price.
Bcash all time high $4000 versus $410 current price.
Litecoin did better, but that only because of the block halving that's going to take place in less than two months. I'm sure that without the block halving it would be hovering around the $50 mark still.
Bitcoin is where all the money is going into and with the block halving being so far away still, I doubt we'll see altcoins make a move out of their current position, and then I'm not even talking about their poor BTC ratio.
People often think that when altcoins have gone down a lot that they will have to recover sooner than later, but altcoins are known to go down well beyond what you consider fair or oversold.
Investigating, the presence of Facebook's digital currency has contributed to controlling the value of Bitcoin. Some investors say the social networking plan is encouraging people to buy Bitcoin. This shows optimism for the increasingly widespread application of cryptocurrency in the mainstream financial system.
Who are those investors who are saying that? Do not tell me it's Tom Lee and these other experts who never hit anything. I believe that the price is going up because people do not want to stay behind because of the Bitcoin Halving
What rocket? We are still at 9k.
now it's $9500
Ethereum for example. Based on data from CoinMarketCap, throughout 2019, its value has also skyrocketed more than doubled from USD 133 on January 1 to USD 269 today. Then, improvements can also be seen in Ripple, Litecoin, and Bitcoin Cash.
these altcoins increased because bitcoin increased in price. look in terms of pair Altcoin - bitcoin
currently:
ETH = 0,028 BTC
But:
on January 3 the price was 0.039 BTC
What rocket? We are still at 9k.
Throughout 2019 itself, the price of Bitcoin has increased by more than 130%. Although not identical, the same trend also afflicts a number of other digital currencies.
Ethereum for example. Based on data from CoinMarketCap, throughout 2019, its value has also skyrocketed more than doubled from USD 133 on January 1 to USD 269 today. Then, improvements can also be seen in Ripple, Litecoin, and Bitcoin Cash.
Ethereum for example. Based on data from CoinMarketCap, throughout 2019, its value has also skyrocketed more than doubled from USD 133 on January 1 to USD 269 today. Then, improvements can also be seen in Ripple, Litecoin, and Bitcoin Cash.
Facebook also wants to introduce cryptocurrency to the mainstream. The company wants to allow WhatsApp users - a chat platform - to send and receive money through the application. This will also allow Facebook users to send and receive funds instantly. The cryptocurrency project is already at the level that has discussed selling "Facebook Coin" to consumers on the top cryptocurrency exchange.
Agree, but their main intention about the Libra coin is a stable coin which it is impossible to trade the coin in the exchange. I hear somewhere people are talking about this in this forum if it is a stable coin then what is the use of using this Libra coin because most of the people will show an interest only when the demand is kept increasing which means the value should increase in the market.
Bitcoin price has skyrocket because the big investors are starting to stock their own investment and the small investors are following it.
Those investors are recognizing Bitcoin wont go away and are confident enough to jump inn. Facebook makes a blockchain for there own data sourcing pretending it is for the benefit of the user.
When the facebook news came out, at least to the public, BTC was trading sideways and still is.
I am thinking the wall paper might of been leaked back in April and caused some insiders to buy and which caused the huge price instead. When they announced it a couple of days ago, it was after BTC failed to break the $9500 high.
I still think that if we break $10K along with this facebook news, then we might finally get some real FOMO going on. People will want to buy at $10K instead of waiting for $20K.
I am thinking the wall paper might of been leaked back in April and caused some insiders to buy and which caused the huge price instead. When they announced it a couple of days ago, it was after BTC failed to break the $9500 high.
I still think that if we break $10K along with this facebook news, then we might finally get some real FOMO going on. People will want to buy at $10K instead of waiting for $20K.
i could imagine hype around libra indirectly benefitting bitcoin's price. i saw someone mention he had friends calling him asking him about buying crypto in response to facebook's announcement. there's no way around it; facebook is huge. that kind of exposure for cryptocurrency is huge. at least some of that hype and adoption around libra will spill over into real cryptocurrencies like bitcoin.
i don't think we've seen any real effects yet though. average joe noobs haven't even had enough time to fund exchange accounts yet. they'll be providing fomo above $10k, not down here.
i don't think we've seen any real effects yet though. average joe noobs haven't even had enough time to fund exchange accounts yet. they'll be providing fomo above $10k, not down here.
I don't think that it's only because of facebook.
Even before their announcement, the market has became better although I consider them contributed to the recent growth of the market.
Even before their announcement, the market has became better although I consider them contributed to the recent growth of the market.
The rumors made investors buy BTC and that was before the announcement but now that the government is trying to stop its development, the price also drop. News are just news though, looking forward that they will continue the project.
They will continue the project and it's already announced, I don't think that there will be a time that they will announce of stopping the project. It's already known worldwide.
in fact they will be released in 2020, precisely what I know is that bitcoin halving schedules also occur in the same year, so that might also be a driving factor for the sharp increase in the value of bitcoin in that year, but who knows, I'm just a trader small who want big profits
The block halving is an event that has proven to steer up the price before and after, and that's what people are trying to buy into. There aren't many events that are bullish and guaranteed to happen like the block halving.This Libra coin fueling Bitcoin nonsense has just one purpose, which is to make Libra look more relevant and potentially tempt people to buy into their stock, which has seen a 5% increase in the last 5 days, so it might work for them.
First it was JPMs coin that was super bullish for Bitcoin, and now it's Libra coin. What's next? I knew news sites such as CNBC and Bloomberg were poor with their crypto reports, but they managed to sink even deeper....
A year from now if Facebook raises general awareness or acceptance of this kind of transaction then we can debate if BTC gained from that but right now this rally isnt from Facebook. That story of industry taking on crypto is old now, its not part of the price or newly traded strength
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