One reason why bitcoin may be surging

Jating

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Quote from: el kaka22 on October 17, 2017, 01:16:07 PM

Quote from: StockBet.com on October 14, 2017, 06:58:47 PM

"One reason why bitcoin may be surging: You can now buy it instantly on one major US exchange"
https://www.cnbc.com/2017/10/13/one-reason-why-bitcoin-may-be-surging-new-instant-buying.html

It is very possible this could be one of the reasons for the surge but mainly not the only reason. Otherwise, what would be the reason for the huge dump of altcoins ?

Having coinbase solve the problem of having to buy large amount of bitcoin is really a plus but must not have had that huge effect on bitcoin's value at least not that short while. I am really looking forward to some of the developments that would come up after the fork and see how it will all play out. November is so fast around the corner.

Correct, this is just one reason for the surge in price, however the main catalyst is the free money that we can get from the split on Oct 25. Investors are rushing to put money in the ecosystem. Just a week before that split let's see how this pan's out. If the money will just float on the ecosystem or people going back to altcoin.

Quote from: BillyBobZorton on October 14, 2017, 09:47:57 PM

Coinbase delivering instant purchases of bitcoin is definitely bullish, but im worried about the segwit2x hardfork. If Coinbase support segwit2x, all these noobs are going to be thinking they are buying Bitcoin but they will be buying B2X.

Once B2X is dumped and the price crashes and BTC recovers, those exchanges that list BTC as B2X, will be liable for major loses and confusion.

It sucks that we have to go through this again. The hardforkers don't get tired of getting defeated. Bitcoin will not fail.

Interesting thoughts. Definitely noobs 'might' fall for the trap and thinking that they bought bitcoins but instead get the clone coin. Did Coinbase says that they are supporting Segwit2x though?

Casabrandy

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Quote from: el kaka22 on October 17, 2017, 01:16:07 PM

Quote from: StockBet.com on October 14, 2017, 06:58:47 PM

"One reason why bitcoin may be surging: You can now buy it instantly on one major US exchange"
https://www.cnbc.com/2017/10/13/one-reason-why-bitcoin-may-be-surging-new-instant-buying.html

It is very possible this could be one of the reasons for the surge but mainly not the only reason. Otherwise, what would be the reason for the huge dump of altcoins ?

Having coinbase solve the problem of having to buy large amount of bitcoin is really a plus but must not have had that huge effect on bitcoin's value at least not that short while. I am really looking forward to some of the developments that would come up after the fork and see how it will all play out. November is so fast around the corner.

Too fast, don't even noticed it will soon to come and the fork were about a week before it starts and were almost everyone is holding their coins patiently that makes btc value rise and getting stable on the ranges of prices it moves.

el kaka22

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Quote from: StockBet.com on October 14, 2017, 06:58:47 PM

"One reason why bitcoin may be surging: You can now buy it instantly on one major US exchange"
https://www.cnbc.com/2017/10/13/one-reason-why-bitcoin-may-be-surging-new-instant-buying.html

It is very possible this could be one of the reasons for the surge but mainly not the only reason. Otherwise, what would be the reason for the huge dump of altcoins ?

Having coinbase solve the problem of having to buy large amount of bitcoin is really a plus but must not have had that huge effect on bitcoin's value at least not that short while. I am really looking forward to some of the developments that would come up after the fork and see how it will all play out. November is so fast around the corner.

malikusama

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Quote from: StockBet.com on October 14, 2017, 06:58:47 PM

"One reason why bitcoin may be surging: You can now buy it instantly on one major US exchange"
https://www.cnbc.com/2017/10/13/one-reason-why-bitcoin-may-be-surging-new-instant-buying.html

Indeed Bitcoin will going to be more stronger if more big investors will jump into it. A really impressive thinking and an effective step taken by coinbase which will facilitate the big investors to buy big amount of bitcoins instantly without any delay as they have to face in the past. Convenience of service always make a positive impact on the users.

jman0war

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Quote from: BillyBobZorton on October 14, 2017, 09:47:57 PM

but im worried about the segwit2x hardfork. If Coinbase support segwit2x, all these noobs are going to be thinking they are buying Bitcoin but they will be buying B2X.

Once B2X is dumped and the price crashes and BTC recovers, those exchanges that list BTC as B2X, will be liable for major loses and confusion.

That's not what Coinbase said and not likely what they will do.
They said they will support both chains and that they'll split your coins if you have them on their exchange.

They made no comment about how they will handle future purchases, but if they are supporting both chains then they will likely have an option to buy BTC, B2X, ETH or LTC.

Coffee135

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Instant translation is not difficult. The Bank always has a stock of Fiat and therefore could organize. But why do I need it. Read the article carefully. It says that such purchases will be made through Bank account. This means that you will have to pay the tax. I don't know what it will be a percentage, but I think that at least it will be 15-20%. Who is willing to pay for 20% of the amount?

jokowi

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Quote from: Wilhelm on October 14, 2017, 07:06:35 PM

This is certainly a big step! One step closer to the real money and traders!!! :-)

Bitcoin has brought a very high income for the participants. Should more and more people buy and sell bitcoin. That also causes bitcoin increase. And traders see here as well as a stock market to invest in, buy stakes. Gradually be accepted for payment as cash.

Almat

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That's pretty awesome, but I don't think that alone could have caused a surge as large as this. I'm sure it played its part though. I wish we had statistics for these things.

nethan1btc

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Quote from: LFC_Bitcoin on October 15, 2017, 07:51:20 AM

Great news, it may only seem like a small step but every single time a company or organisation begins to accepr or integrate bitcoin we’re another step towards widespread, mainstream adoption.

That's true and for now mainstream adoption can be very promising, but fluctuations may always happened everytime as price value has a good reasons for long term investors to sell. With regards to acceptance of bitcoin it may cause such a effective possibility, to make bitcoin value surge more higher from it's current value of today.

LFC_Bitcoin

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Great news, it may only seem like a small step but every single time a company or organisation begins to accepr or integrate bitcoin we’re another step towards widespread, mainstream adoption.

YuginKadoya

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Quote from: panju1 on October 15, 2017, 05:19:12 AM

Quote from: Wilhelm on October 14, 2017, 07:06:35 PM

This is certainly a big step! One step closer to the real money and traders!!! :-)

The real bottleneck was the fiat settlement. Banks take such a long time to transfer money from your account to the exchange's bitcoins. The real surge will come when other assets are traded using bitcoins. Think about it, if you can buy facebook shares using bitcoin, and both assets are settled immediately (instead of the t+2 settlement mechanism in place now).

That is a great Idea if we really want bitcoin to surely surge into the $100,000 level more easily and right now the exchange in the fiat money are base on the main fiat currency the dollar, but if different assets can easily traded with bitcoin I think that will make a convenient and more fast transaction we can ever have, and this report is just one part on how bitcoin surge that much,

Higher Altitude

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Yes, get your Bitcoins immediately by paying with credit card and pay 4% processing fees, which is ridiculous. It eats away at any short-term profits you make and is not really a "major step" compared to waiting for 1-2 days if you intend to hold BTC.

phr0stbyt3

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It can be one reason but i don't think a single feature can increase the price by thousands over night this is also because of SegWit 2.0 no one cares about the mining ability, nor that the block size will be reduced but because they are getting a free coin who's value can be worth in 100's

panju1

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Quote from: Wilhelm on October 14, 2017, 07:06:35 PM

This is certainly a big step! One step closer to the real money and traders!!! :-)

The real bottleneck was the fiat settlement. Banks take such a long time to transfer money from your account to the exchange's bitcoins. The real surge will come when other assets are traded using bitcoins. Think about it, if you can buy facebook shares using bitcoin, and both assets are settled immediately (instead of the t+2 settlement mechanism in place now).

BillyBobZorton

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Coinbase delivering instant purchases of bitcoin is definitely bullish, but im worried about the segwit2x hardfork. If Coinbase support segwit2x, all these noobs are going to be thinking they are buying Bitcoin but they will be buying B2X.

Once B2X is dumped and the price crashes and BTC recovers, those exchanges that list BTC as B2X, will be liable for major loses and confusion.

It sucks that we have to go through this again. The hardforkers don't get tired of getting defeated. Bitcoin will not fail.

Nivir

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Happy to know and be informed. But with or without ETF still Bitcoin will continue to surge. The main reason Bitcoin is very high right now is due to the coming Bitcoin Gold giveaways on Bitcoin holders.

Wilhelm

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This is certainly a big step! One step closer to the real money and traders!!! :-)

StockBet.com

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"One reason why bitcoin may be surging: You can now buy it instantly on one major US exchange"
https://www.cnbc.com/2017/10/13/one-reason-why-bitcoin-may-be-surging-new-instant-buying.html

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