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Bitcoin mania: Join the rush or beware the bubble?


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#1
raniya

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When the Wall Street Journal runs a headline that reads Bitcoin: Even Grandma Wants In On The Action, you’re simply compelled to find out more about the stand-out cryptocurrency that is grabbing all the attention. 

For months now, Bitcoin’s rapid price swings have been prompting volatility-starved investors to join the biggest speculative boom since the dotcom fever in the 1990s. 

In the space of 24 hours this week, Bitcoin rallied to an all-time high of $11,434 before sinking as much as 21% to $9,009, having started 2017 at $968.23, according research site CoinDesk. 

The temptation to join the rush is tempered by the fear that its value is being driven purely on speculation and that the bubble is about to burst. Then John McAfee – founder of the eponymously named software – doubled down on his previous prediction and claimed this week: “I’ll eat my own d**k on national TV if Bitcoin doesn’t surpass $1 million by 2020.

 

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#2
Josesv

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This marks a new all-time high for bitcoin and an increase in its price by a factor of more than 10 since the beginning of 2017.
 
Many experts claim that this growth is the result of reduced hype surrounding the US dollar. They believe that this is more a case of the dollar depreciating than the price of bitcoin rising.
 
Crypto-analysts claim that the US Federal Reserve has printed so much money in the last 10 – 20 years that not even the regulator actually knows how much USD is in circulation around the globe.
 
Crypto-analysts claim that with the collapse of the dollar, bitcoin will cost somewhere between 1 and 5 million USD. At the time of writing this review, bitcoin is trading at 17,200 USD with a market cap of 162.22bn USD somebody can think that bitcoin is better that invest in forex.

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#3
boltushkin

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I trade bitcoins with Hotforex, I don't hold them physically because its too risky, but speculating on its price is safe and more rewarding because you are allowed to use leverage. 


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#4
junrose123

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As of now I am holding my bitcoins in believing that the price might go up for more in the future. Although it might be risky since no one knows how stable bitcoin wallet addresses but I am positive that it would not really goes wrong.


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#5
Gee Dee

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There is a craze for virtual cash right now and people are running towards the rush to a great extent. Bit-coin has become the most popular virtual money toady and traders are actively involving in this investment area. However, I will say that it is good to flow with the recent rend but it is not wise to fully invest all the money. If you have the basic understanding of virtual cash or Crypto currencies then go ahead, but not all the money.


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