Topic: Positive News about Bitcoin - page 44. (Read 5577 times)

Everything is possible when you believe. I am a strong believer that bitcoin is the future and we are the future.

Yes, of course this is a positive news. Which could change the speed of Bitcoin. Bitcoin's development and promotion will continue. There was no good news for some days, including the Bitcoin, for the other currency. Some of the false news, due to the fact that the prices of all the currencie's including Bitcoin were going down in the market. Now it is turning round. Which is a good news for us.This will increase our interest and we get quick money. Bitcoin's work is the best thing. I hope the better news in the future is waiting for us.

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“IN 2014 NEWEGG WAS AMONG THE FIRST MAJOR COMPANIES TO OFFER CUSTOMERS A BITCOIN PAYMENT OPTION. SINCE THAT TIME THE VALUE OF BITCOIN HAS SKYROCKETED AND CUSTOMERS HOLDING BITCOIN HAVE CONSIDERABLY MORE PURCHASING POWER. WE BELIEVE THAT THE TIME IS RIGHT TO BROADEN OUR ACCEPTANCE OF BITCOIN TO CUSTOMERS IN CANADA
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indeed this is good news but i think it is also old news, and i would like to add that newegg is just on of the many stores or merchants that are now accepting bitcoin as their mode of payment, actually there are list with hundreds of online and physical merchants that is into bitcoin payment, but this kind of topic surely helps to boost the positve things about bitcoin, unlike what we can read most of the threads here only focus on bad things about bitcoin. Thanks for this post, this will increase trust ratings and encourage more investors to venture on bitcoin.

Bitcoin Price Prediction 2018: Can cryptocurrency hit $50,000 this year? -Bitcoin News Today – Sun Apr 1


Can Bitcoin hit $ 50,000 this year? While most of the cryptocurrencies are much below their earlier highs but there are newer and newer predictions coming up for cryptocurrencies. One such prediction is that Bitcoin can rise to as high as $ 50,000 in the calendar year 2018.
 
A cryptocurrency portfolio manager by the name of Jeet Singh, stated at World Economic Forum in Davos, that the current volatility is completely normal when it comes to the cryptocurrencies space. He also stated that it is normal for cryptocurrencies to fluctuate by 70% to 80%. This is one of the main reasons why the current volatility does not worry him at all.

He compared cryptocurrencies to the current bellwether companies like Microsoft as well as Apple. Initially, their stocks were also pretty volatile. However, as the companies develop their business model, the stocks not only rose but they become much more stable as well.

However, many of the investors are actually currently worried due to the high volatility in cryptocurrencies. According to him, however, long-term investors need not fear the volatility at all. Since they are here to stay for a longer period of time, they would have no problem at all in holding the cryptocurrencies for a longer period of time as well.

He further added that Bitcoin would reach as high as $ 50,000 this year. If indeed that happens, the current price of Bitcoin being around just $ 10,000, that would be a fivefold increase once again.

Whether the portfolio manager is right or wrong, only time would be able to tell. The truth is that currently, many of the investors are worried about putting new money into Bitcoins. Only once they are sure that the volatility would end and the Bitcoin resumes its uptrend you can be sure that most of the investors would actually get ready to invest in this cryptocurrency.

For now, however, most of the investors are keeping away from the cryptocurrency boom. Many of the investors are just holding their holdings patiently in order to find out whether the cryptocurrencies resume their uptrend or not. It is still too uncertain for most of the investors to take a call. On the other hand, institutions are increasing their presence in the cryptocurrencies pace as well which is sure to benefit the cryptocurrencies space and would add value and credibility to the cryptocurrencies in the future as well. This is one of the main reasons why it is not seeing further fall after creating a bottom few weeks back. Also, once the regulatory hurdles are sorted, you can be sure that the value of cryptocurrencies would again more.

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Surely, Bitcoin is headed up – John McAfee
John McAfee, Bitcoin supporter and founder of the popular McAfee antivirus software, is being very positive about Bitcoin. He predicted that Bitcoin price will hit $1 million by 2020 following last year’s prediction of $7000 which was well surpassed.

Bitcoin Price Prediction Tracker portal, Bircoin.top, did the maths and explain that Bitcoin needs to grow daily at 0.4840957034310259% per day.to meet McAfee’s prediction. Currently, Bitcoin is around $ 8,207 compared to $ 7,171. Cool right? However, to hit McAfee’s target, BTC would end the year just over $29k.


Apart from the economics behind the limited supply of Bitcoin, his prediction considered the factors like the increased adoption of Bitcoin and blockchain as well as a total cryptocurrency’s market cap around $162 billion which gives large room for growth.


Rogoff’s prediction is based on his long-held belief that governments will rise against anonymous virtual currencies like Bitcoin. Government regulations, according to Rogoff, will pop the Bitcoin bubble but a Bitcoin pioneer on Wall Street thinks along very different lines.


Though Bitcoin went below Lee’s base of $9,000 (nearing $6,000), it has bounced out reaching in March $11,000. It will take a ride similar to the one we witnessed last year for Bitcoin to reach this mark. To make this happen, Lee is counting on more institutional investors taking on Bitcoin and a steady increase in Bitcoin user base. Lee’s target may be half the mark according to fellow crypto-believer.

Volatile Bitcoin to touch $50,000 – Jeet Singh (cryptocurrency portfolio manager)
Speaking in January at the World Economic Forum in Davos, experienced cryptocurrency fund manager, Jeet Singh predicted that the price of Bitcoin will go as high as $50,000. He warned of heavy price fluctuations which he believes is only normal for a Bitcoin market that is still maturing.


Just like Lee, Singh expects Bitcoin to be adopted not just in the black market but by institutions and entire countries. If 50k seems too optimistic, how about 100k from the “Nostradamus of Markets”?

Bitcoin is the future; Fiat is Past – (Tim Draper, Venture Capitalist)
In 2014 with bitcoin at only $413, popular VC, Tim Draper predicted bitcoin to reach $10,000 in three years. This was fulfilled a month earlier than he predicated earning him a reputation among crypto fans. Though he didn’t categorically, predict a $100k Bitcoin in 2018, He said he expected the Bitcoin to continue its growth in an interview with Bloomberg last year. Tim Draper has made successful bets with Tesla, Skype, and Twitter in the past.

Assuming this growth happens at the same pace as the 3-year journey to $10k then we’re in for six digits. Maniacal right? That’s exactly how Draper feels about Bitcoin prospects. Now onto someone who understands a lot about bitcoin’s foundation.

Bitcoin will hit $ 40,000 – Llew Claasen (Executive Director, Bitcoin Foundation)
Last month, Llew Classen made a bold statement to reassure Bitcoin believers that the cryptocurrency is on the right track –specifically, on track to reach the $40,000 mark. Though his outlook for some altcoin holders was not very encouraging, he made it clear that as something new, cryptocurrency will be as risky as it is exciting.

Bitcoin to pass $43K by December 2018 – (Survey by Finder.com)
Finder.com sought opinions of 13 cryptocurrency experts and concluded that Bitcoin price will witness a 300% growth to land at $43,000 by the end of the year. The site also predicted Bitcoin at over $14K by March 1.


Ostler noted that the predictions were not cast in stone as they can easily be swayed by “outside factors such as regulations, laws, and banking systems”

Bitcoin Will hit $320,000 someday – Cameron Winklevoss (co-founder, Gemini)
One of the popular Winkelvoss twins, Cameron Winklevoss recently said that he could easily see the price of BTC go up 40% someday. This year maybe? Not likely. The twin said he and his brother were taking longer outlook, 10 to 20 years.


The fourth wealthiest cryptocurrency investor weighed bitcoin’s prospect against gold and came up with a resounding verdict. “We believe bitcoin disrupts gold,” He said.

Bitcoin will reach $1million – Bobby Lee (CEO BTCC Exchange)
Bobby Lee, CEO of China’s first Bitcoin exchange speaking at the London Blockchain Week went overboard with his prediction. Lee said bitcoin will surpass $1 million but unlike McAfee, he could see this happen in 20 years’ time.


IN SUMMARY
A good number of analysts have also had their say though very few would be drawn into actual predictions. We observed a general trend in their assessments.

I too believe that bitcoin will hit $50,000.00 by the end of 2018.

Expect Price Fluctuations:
At this stage, bitcoin and cryptocurrencies will be greatly affected by speculations. Even small developments in governments, traditional will likely affect prices. Most say the fluctuations are normal and wouldn’t affect the longer term outlook.

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First off, I'm very commendable about your post. The writing is very constructive and meticulous. You have enlightened people who are in a panic because bitcoin goes down. I feel much more comfortable than the data you give.
Thank you for having a good article and helping a lot of people. Hopefully in the future you will still give us good posts like this.

It's actually very good for newegg and i'm sure a lot more will enter at this stage because people will have to pay more bitcoin to get the goods of that value. When the price rises then newegg will have accumulated a lot at that lower price. Hopefully other retailers will follow and bitcoin will be a legitimate form of payment everywhere.

Looking Ahead to $20,000 Bitcoin

In last week’s Investor Alert, our investment team shared with you a report from Morgan Stanley that says bitcoin’s price decline since December mimics the Nasdaq tech bubble in the late 1990s. This isn’t earth-shattering news in and of itself. The main difference is that the bitcoin rout happened at 15 times the rate as the tech bubble.

Morgan Stanley has some good news for bitcoin bulls, however: The 70 percent decline is “nothing out of the ordinary,” and what’s more, such corrections “have historically preceded rallies.” Just as the Nasdaq gained back much of what it lost in the subsequent years—before the financial crisis pared losses even further—bitcoin could similarly be ready to stage a strong recovery.


One research firm, in fact, believes bitcoin and other digital coins, or “alt-coins,” have likely found a bottom. New York-based Fundstrat, headed by strategist Thomas Lee, issued a statement to investors last week saying that, though a cryptocurrency bull market isn’t necessarily underway, the worst of the pain could be “largely over.”

Take the Long-Term View

It’s helpful to compare bitcoin with Nasdaq, as Morgan Stanley did, but what about comparing the current cycle with one from the past?

In June 2011, bitcoin peaked at nearly $30 and found a bottom of $2.02 five months later, in November. It would be an additional 15 months before it returned to its former high. This might seem like a long time to some, but investors who managed to get in at the bottom would have seen their position grow more than 1,300 percent.


But I remain bullish. Cryptocurrencies are still in their very early stages. To return to the comparison with tech stocks, we don’t know at this point which digital coins will be tomorrow’s equivalent of Amazon, Google, Apple and Facebook. A long-term view is key.

Finally, I still believe in the power of Metcalfe’s law, which says that as more and more people adopt a new technology—cell phones, for instance, or Facebook—its value goes up geometrically. A poll conducted in February shows that just under 8 percent of American adults report ever owning or purchasing any cryptocurrencies. Market penetration, then, hasn’t been as pervasive as some might expect, but as people increasingly become more confident in dipping their toes in the space, demand could rise and, with it, prices.

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That is what everyone suppose to long and taste for. Since media is been used to pass negative info about btc, let the community always be positive and keep an open mind

We have many biggest and smaller names accepting Bitcoin: List that accept BTC

This good news could be very helpful as this a signs could leads the improvement of the downfall trend. Yes bitcoin has a lot of future's just like this one accepted for payment of bills easily to do transactions. I'm also glad to see this good news as this time were needed it.

I think the positive news about bitcoin is a good opportunity and fastest way to earn lot of money. It is top online job to all of over the world. About bitcoin history is many users are used bitcoin to get a extra income and good salary. Bitcoin is accepted to everyone for payment a bills and it is easy get a cash without atm card just follow the steps.

Amazon is one company that eludes bitcoin, if they start accepting bitcoin and with the range of market they has, i am sure it will be a great thing for the users, but i do not see them accepting anytime soon, i do expect major companies accepting bitcoin in due time and ten years from now we might see an entirely different market altogether where every company accepts bitcoin as a mode of payment .

I think they are the first major e commerce platform that started accepting bitcoin but they are still not allowing every users from around the globe to purchase their products using bitcoin, they just extended the platform to Canadian customers , i really cannot understand why they cannot accept bitcoin globally from all the regions they are present.

They are using Bitpay as a payment processor, so they are not exposed to any change in bitcoin value, they receive payment in their fiat currency. This is how things will work in the coming years, there will be an interesting competition between existing and new payment processors that will facilitate bitcoin payments and adoption.

This is good news, I do buy from NEW Egg and with this news I will buy more from New Egg --- more power to crypto.
Happy Easter everyone 

It is just normal after all, bad news & drama are selling point for every news agency, website or media in general.
This is why we need to take additional time and effort to find out about every positive news to present it and share.
Most of the time people interested in BTC are bombarded by false news, FUDs or drama and have no idea about the bright side of BTC.

I believe more good news will come up on the use of bitcoin business transaction,so many country against bitcoin will appreciate it value

wow ... Good news for bitcoin investors, prices will definitely rise back in a minute. Continue to support bitcoin so we are getting harder to invest ...

Top 5 include Microsoft