Cryptocurrencies as a sector surpassed their all-time high hitting a high of $180.6 billion.
Cryptos across the board were all heavily in the green.
Bitcoin itself also hit a new all-time high of $6,156.72.
Bitcoin Cash has also been moving much higher, currently $440, up nearly 50% since October 10th.
What is perhaps most interesting is that for weeks we have seen the cryptos go down markedly as bitcoin rose and when bitcoin fell, the other cryptocurrencies would rise.
Today they all moved higher in unison meaning that large amounts of new money are pouring into the entire sector.
Even, EOS, which had been languishing under $0.50 just a week ago rose 28% to $0.70.
The Enron like “fraud” and “joke” that is bitcoin, according to the Prince of Saudi Arabia and the CEO of Mastercard appears undeterred by the attacks. And the rest of the cryptocurrency space also continues to not care.
This week, Peter Thiel, the billionaire founder of Paypal and early investor into Facebook, stated that bitcoin is one of the most interesting investment opportunities in the world today.
In the interview, Maria Bartiromo went off script and asked what bitcoin was based on and then stammered as she said, “You see that the dollar is based on, you know, the… the… trust in the Treasury and trust in the US government!”
Really, is that what the dollar is based on? Trust in the US Treasury which has no treasury because it is constantly going deeper and deeper into debt… and trust in the bankrupt US government?
If so, no wonder bitcoin is going up!
We’ll be releasing the next issue of the TDV newsletter (subscribe HERE) by the end of the month where we’ll cover what is happening in much more detail.
And make sure to register soon for Anarchapulco/Cryptopulco and the TDV Investment Summit from February 15-18th. Every cryptocurrency conference I have gone to in the last two months has been a complete sellout and had to turn people away at the door. We are expecting the same this coming February so make sure you register at Anarchapulco.com soon!
A lot of fiat wealth is going to be flowing into cryptos over the next few years. Why? Because every other market is already in "crazy bubble" territory and nobody wants to funnel more cash into dying companies and bankrupt governments.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
all the press is about the price, which is largely irrelevant. I would like to see more detail on the utility and adoption of block chain technology, especially in the main stream media. Until then we will always hear cries of ‘bubble’ and ‘fraud’. That will start to really drive adoption and hence price. Price fluctuations alone do not drive adoption.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I wrote a bit not in support of the price, but as a reaction and a quick and dirty analysis comparing bitcoin to various bubbles that people keep referring to. I've got some ideas on the works for increasing the utility of bitcoin, but it aint easy! People have already created the means for it to be as good as credit card, but it doenst change the fact that the price just isnt stable enough right now.
https://steemit.com/bitcoin/@motoengineer/do-you-actually-believe-bitcoin-is-a-bubble-10-30-2017
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I agree its still too volatile but to stabilise it will need to reach considerably higher prices I believe. Its too easy for whales to move prices at present and it responds too readily to news. Most fiat currencies move by less than 1% per day. btc can drop by 20% or more in a day. Exciting but not much use when as a currency or even short term store of value. But its still very early days. I believe it will come.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
That is my point exactly. USD hardly ever moves 1% in a day, that would be traumatic since people leverage 10 or even 50x sometimes. The lack of movement is why people have such large leverages to earn money on a few pips. Translate that to crypto, it would take a massive amount of money to prevent that level of daily movement. Good eye! I think most people understand how stocks work but not the forex market, which is what systems like BTC really mimic.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Peter Thiel has a good track record. When he suggests there is a lot of value in some "new and unknown" technology, you would be wise to listen
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Seriously considering accepting only cryptocurrencies for my software business and not accepting USD anymore.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
All The Way UP Bitcoin, Straight to the Moon !!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
What do Bitcoin and I have in common? The higher the better.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
LOL
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Bitcoin was at ~$4300 at the 1st of October and now it is pushing past $6000! What a time to see the return on your investment. Thanks for all of your inspiration and investment advice and for covering Bitcoin news daily.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
great post @dollarvigilante
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Bitcoin will go past a million and I know that for a fact. I even had a thought of it being worth Trillions of dollars after I heard well know guys in the space say that it has the potential to reach billions.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Nice analysis I think Bitcoin will hit $ 10, 000 very soon...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
amazing friend ,, i like that..choose me to be your group ..
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Well sir I do agree with u in this mode I also believe betcoin is unstoppable and well thanks for your great information sir . Well I am an inverted sir it's really helpful for many other. Sir I am well new here plz sir give some suggestions to improve my blog and if possible plz do a visit over my blog. Plz sir I need your support to grow.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
nice
great post
thank you for your effort
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
hy sir i upvoted you & follow you please follow me & up voted me my post
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Upvoted, re$teemed & following!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
A great post @dollarvigilante. May this situation can be running normal as a few months ago.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Since Bitcoin is going up, altcoins seem to be going down. What does that mean? Are they going to go back up?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for your good information i like your post and like your video really this is a great post
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @dollarvigilante, this post is the ninth most rewarded post (based on pending payouts) in the last 12 hours written by a Superuser account holder (accounts that hold between 1 and 10 Mega Vests). The total number of posts by Superuser account holders during this period was 656 and the total pending payments to posts in this category was $3575.55. To see the full list of highest paid posts across all accounts categories, click here.
If you do not wish to receive these messages in future, please reply stop to this comment.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great for all.thanks @dollarvigilante
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
nice, nice, nice. now we are looking for $10,000.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I can see bitcoin in 1 million each, but only if it stays as number one, if not people could move all the money to a "unknow at the moment" crypto.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
a very useful post. a reward is already able to communicate with @dollarvigilante
thank you for voting on the post I've ever loaded. best regards @bustamam
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
hi @dollarvigilante! Thanks for this great post, and for sharing your thoughts with us.
Upvoted and following
Kindly visit my post too as i just did on your post and following for more of your great posts. @OriginalWorks will also upvote accordingly.
I really appreciate your great effort and input and thats why am upvoting and following you. Kindly visit my blog too. Thanks
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The @OriginalWorks bot has determined this post by @dollarvigilante to be original material and upvoted(2%) it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'm really not interested in Talking Heads, either FOR or AGAINST. Let's see news and new development.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for your good information
I found really awesome room and This is no ordinary pumping room.
I have made at first $50,$1,000 and invested more and made $4,000.
All this happened in one month.
http://telegram.me/DvaPump
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Bitcoin is on a long run.. 10K soon..watch outa
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
"BUY BITCOIN"
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit