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Technology BTC skyrockets to over 6800

Discussion in 'Off Topic' started by iamdroone, Nov 2, 2017.

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  1. iamdroone

    iamdroone returned

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    Hello,
    So I decided to make a weekly thing in which I give full analysis about bitcoin itself and its current trends.
    In the last week BTC hit over 6000 spraking new records after the semi-crash from before. Now it just reached from 6400 -6800 in the last 24 hours. This continuous trend has repeated for about the 6th time since it reached $4,000. Alongside, other crypto-currencies are increasing along with bitcoin, such as ETH (ethereum.net). ETH crashed from a high of $360 down to a low of $200, and is now back in the 300's. Lately BTC has been rising then dropping from panic sellers going back up, and holding a stabilized trend for a few days to a few weeks, then it unexpectedly skyrockets. According to BITFINEX located in Hong Kong, BTC has hit $4,000 at the night of September 19, 2017. Within the 1.5 months it has increased by almost 60%. At this constant rate by December or the start of the new year (2018), BTC can have a potential of rising over 9000 to 10,000 and having a stabilized trend. The graph below can show the prices and market caps for the past week. Lets take a better look at it. 43abd86c1a0a74fa8eb62b7d4761ec8d.png From October 27th bitcoin rises to around 6000 peak, then dropping down to around 5700 - 5750. That price maintains for a good two days rising and dropping. We can draw a line across and show that the trend is constant unless you want to go deeper into analysis and find every percentage increase and decrease.(Using the overall % is much easier). Right before October 30, it suddenly rises to 6400 unexpectedly, as the time span look around 6 hours where the price rises to around 6200-6300. As I said before with the average trends since $4000, it stabilizes for a few days around $6200 per BTC. Within Halloween night the price goes up, but rapidly at a consistent trend, not a crazy spike as we saw before. We can draw a line on the graph (third section), to show the trend. If this trend becomes a reality bitcoin will definitely be profitable, and this can be the last opportunity to buy bitcoin at a cheap price. When I mean cheap, I mean very cheap if the trend continues this way. I can predict on Blackfriday, bitcoin will rise over $7,000.
    The overall lifetime chart of bitcoin.
    0b8f05e9e6cfa82784aaa4c8ba23085a.png
    In 2014 bitcoin was around $1500 and then it crashed to 200, stayed around the 200-400 range for a few years, then we started to see the trend building. We saw a major crash of bitcoin when Bitfinex was hacked in July 2016 as prices dropped by nearly 15%.

    I hope this was helpful to anyone who is interested and reply below if I should continue doing this.
    Peace and enjoy,
    drone
     
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  2. 19kss

    19kss 18kss

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    BTC - GBP = £5371.78
    GBP - USD = $7031.12
     
  3. AerodynamicBorb

    AerodynamicBorb Active Member

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    I wish my parents let me invest in a bitcoin and sell it after this -.- Would have been awesome... But srsly, how does something grow that fast :confused:
     
  4. Charlie_0014

    Charlie_0014 Build & BT Overlord, Party Sub-Overlord

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    When A LOT of people invest in them to buy stuff online.
     
  5. iamdroone

    iamdroone returned

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    How does everything die so fast. bitcoin cash is the new thing, bitcoin is gonna be dead in a few weeks
     
  6. Lewka

    Lewka Well-Known Member

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    guess youre wrong
    15k now
     
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  7. AerodynamicBorb

    AerodynamicBorb Active Member

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    Well... now bitcon is like, 10k USD per coin :confused:
     
  8. 19kss

    19kss 18kss

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    18k USD now
     
  9. AerodynamicBorb

    AerodynamicBorb Active Member

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    Welp, it got hacked and dropped like 2k usd /shrug
     
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