Topic: The Bullish Bitcoin Media Center (The ONLY Bullish Bitcoin News Thread) - page 108. (Read 259656 times)

It's unfortunate but if I remember correctly he said he quit posting because some person(s) were giving him crap over his articles. I wish he'd come back too though.

I was thinking a space alien abduction😆

I was thinking a space alien abduction😆

I'm becoming convinced that our poor Fakhoury bro got abducted by ISIS. 

And I've got another one!

https://www.youtube.com/watch?v=IagNESpFd7o

It's a presentation by a youtuber called Renegade Investor.
Title of the presentation is Bitcoin, Brexit and The big decentralisation trend.
Imo definitely worth to watch.He has made some great videos about bitcoin in the past as well.

I'm becoming convinced that our poor Fakhoury bro got abducted by ISIS. 

I need a new car, what is the best-last bull new?

Fakhoury are you alive bro?

Also great work Denker, this part, if it comes true would be a dream come true.

In March, Needham projected that the Bitcoin price would reach $1,896 by 2020.

But the new report raises that estimate to $2,231 – a 272% increase over the current price of Bitcoin.

"Contrary to popular narrative, we see Bitcoin's fundamentals trending very favorably," Bogart wrote. "We find the outlook very encouraging, and we believe the short- to intermediate-term horizon is among the most exciting Bitcoin has seen."

Thank you for this Denker! That was a very good read and very exciting. I'll have to start looking for some good articles to post here too to keep this thread alive .

Why the Needham Bitcoin Price Prediction Got a 29% Bump to $848

A revised Bitcoin price prediction from Needham & Co. has raised the digital currency's estimated present value from $655 to $848.

The updated estimate, a 29% jump, comes just six months after Needham made its original Bitcoin price prediction in a report dated March 29.

While technically an analysis of the Bitcoin Investment Trust (OTCMKTS: GBTC), a fund for accredited investors, the report focuses heavily on the potential of Bitcoin.

Report author Spencer Bogart said the estimate warranted revision "due to faster-than-expected adoption and improving fundamentals," adding that planned improvements to the Bitcoin protocol will also help boost the Bitcoin price.

"At the highest level, we continue to see value in Bitcoin as a 'digital gold' and as a payment network that is enabling a global, open, permissionless financial system," Bogart wrote in the Sept. 22 report.

Needham's March 29 Bitcoin price prediction proved to be exceptionally timely.

At that time, the price of Bitcoin was about $415. A little more than two months later (June 11), the Bitcoin price breached $600. The very next day it hit $675, surpassing the $655 estimate.

The price of Bitcoin continued to surge in the days after that, peaking at about $775. Bitcoin retreated after that, but was trading in the $650 range until the Bitfinex Bitcoin exchange security breach in early August.

In that incident, about $65 million worth of Bitcoin was stolen from Bitfinex customers. That knocked the Bitcoin price down to $550 before it recovered to $600, where it has remained since.

Nevertheless, Needham said it had noted Bitcoin's significant progress in several key areas. In fact, Needham was impressed at how quickly the Bitcoin price rebounded in the wake of the Bitfinex news, saying that the recovery at least in part was "due to greater confidence in Bitcoin's future."

Here's a deeper look at the other reasons Needham felt compelled to hike both its short-term and its long-term Bitcoin price predictions…
What's Behind Needham's Higher Bitcoin Price Prediction

Needham's case for boosting its Bitcoin price prediction is based on three central ideas: that it is increasingly behaving like other investment classes; that adoption is accelerating; and that changes to the software itself will make it more useful.

Bitcoin has endured a lot of criticism for its flaws compared to conventional investments, particularly its high volatility and limited liquidity. But that's been changing, Needham found.

"Bitcoin's daily volatility is now comparable to small-cap equities," Bogart wrote.

Where Bitcoin's volatility is about 3.3%, the Standard & Poor's Small Cap 600 is 2.6%. The report also notes that some tech stocks and oil prices are slightly more volatile than Bitcoin now.

Regarding liquidity, Bogart wrote that "Bitcoin's daily dollar volume roughly resembles that of a U.S. mid-cap security," even just using the top five Bitcoin exchanges where the digital currency can be traded for U.S. dollars.

Liquidity — the ability to buy and sell an investment as needed — is a vital consideration, as no one wants to be stuck in a position they cannot exit. Bogart noted that investing in Bitcoin even has some advantages in terms of liquidity, as the Bitcoin exchanges are open 24/7.

Another appealing aspect of Bitcoin is that its price moves have virtually no correlation with other investments. That makes it appealing as an investing hedge to guard against sudden price drops in other asset classes.

Regarding adoption, Bogart notes that transaction volume has had a compound annual growth rate (CAGR) of 224% since January of 2013, and it has more than tripled over the past year. The acceleration in transaction volume was a key factor in Needham's decision to raise its Bitcoin price prediction.

In addition to the overall increase in adoption, Needham cited the increasing appeal of Bitcoin to emerging markets. Bitcoin offers very desirable features to these populations, including fast and easy cross-border transactions (for remittances) and a refuge from unreliable domestic currencies, such as we've seen in Venezuela.

Finally, Needham saw great promise in new technologies coming to Bitcoin…
Why the Bitcoin Price Will Quadruple from Here

Because Bitcoin is software, its code can be updated and improved to address problems as well as add new capabilities.

Needham sees these upcoming changes to the Bitcoin code as a major positive.

"We see a multitude of developments throughout the Bitcoin ecosystem that are poised to move from conceptual to real over the next 3-7 months – each of which could augment Bitcoin's features and functionality and, consequently, increase demand for Bitcoin," Bogart wrote.

Needham sees all these forces converging to drive up the price of Bitcoin over the next few years.

In March, Needham projected that the Bitcoin price would reach $1,896 by 2020.

But the new report raises that estimate to $2,231 – a 272% increase over the current price of Bitcoin.

"Contrary to popular narrative, we see Bitcoin's fundamentals trending very favorably," Bogart wrote. "We find the outlook very encouraging, and we believe the short- to intermediate-term horizon is among the most exciting Bitcoin has seen."

http://bravenewcoin.com/news/bitcoin-price-analysis-bullish-channel-continues-to-hold/

Bullish analysis. I just thought I'd post this here as this thread has gone a bit quiet lately.

Most of Europe and Japan are already in a negative interest rate regime, with the US and UK very likely to follow suit in the coming months. Consumers have so far been spared the direct sting of negative interest rate as banks have tried to absorb some of the cost by increasing fees on some services, but as the RBS has already demonstrated today, this will not be the case for much longer:
“Until now RBS has absorbed these costs and imposed a zero per cent minimum on deposit rates. But it said this was no longer sustainable.”
It is precisely at this point that digital assets and currencies like Bitcoin will begin to gain serious traction with small businesses and consumers. Bitcoin has a fixed supply and can’t be inflated away at the stroke of a pen. The coming global negative interest rate environment bodes very well for the future of Bitcoin and digital assets outside the legacy financial system.