The last week to 10 days has seen a lot of action in the pricing of various crypto currencies. First they were hammered down quite a lot (BTC briefly fell below $2000USD/BTC). And then the last 48 hrs have seen a nice recovery to above $2700. Much of the market action was tied to a critical decision the blockchain miner community had to make in regards to technical details and the worry was that they wouldn't reach an 80% threshold of alignment and there could be splits in the way blockchains operate. A lot of technical details in this to make your head hurt.
But all this appears to have settled and markets are feeling more confident again...but keep in mind this is a volatile space and big swings are to be expected until the growth phase settles...and that's a long way off.
For some perspective on this, see this article: http://www.coindesk.com/bip-91-locks-means-bitcoin-not-scaled-yet/
How high could it go? Not surprisingly, opinions vary. Here's one: I’ll eat my d**k on national TV if bitcoin doesn’t surpass $500k in 3yrs – John McAfee https://on.rt.com/8i5z https://twitter.com/RT_com/status/887733274696536065/photo/1
Entertainment abounds.
But all this appears to have settled and markets are feeling more confident again...but keep in mind this is a volatile space and big swings are to be expected until the growth phase settles...and that's a long way off.
For some perspective on this, see this article: http://www.coindesk.com/bip-91-locks-means-bitcoin-not-scaled-yet/
How high could it go? Not surprisingly, opinions vary. Here's one: I’ll eat my d**k on national TV if bitcoin doesn’t surpass $500k in 3yrs – John McAfee https://on.rt.com/8i5z https://twitter.com/RT_com/status/887733274696536065/photo/1
Entertainment abounds.
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