BTC/Ether UPDATE 6/29!

in bitcoin •  7 years ago 

btc-2.jpg
Price chart of Bitcoin

According to Coindesk after a brief dip on Monday prices fell below $2400, but recently pulled a sharp reversal and are now back up to approx $2500! Past 24hrs the low for Bitcoin was $2485.5535

Ether as well has remained approx $300 all month but low last night was around $284.30

I have high hopes for Bitcoin and Ether this year and next year I predict Bitcoin topping average of over $3500 a coin and Ether possible surpassing $400!

Curious to peoples thoughts! Leave some feedback please!

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Great work...upvoting you...please upvote me at @talharai so we can get good start ..thanks

Hitting $400 for ETH wouldn't be shocking, as it would be a recovery and not really breaking a ceiling. I think it'll lull around $490, struggling to break $500. When it does, it will jump to $600 quickly.

I am not sure I agree with this...as I believe a couple days ago a millionaire sold a good amount of ether and the price dropped to like 10 cents in half a second. Also the incident with Ether Classic anything can happen but Bitcoin I believe at the moment is fool proof? thoughts?

With all the certainty surrounding the UASF on Aug 1st, I'd have to say that BTC is far from foolproof. Even if the upgrade is successful, it needs to be implemented.

Ethereum may have taken a hit through a selloff, as Buterin repeatedly explained, ETH is not a currency but computational power. This will be made clearer as more upgrades to ETH is released.

Remember, value may go up and down, but functional technology will always have demand. The UASF is an attempt to restore effective functionality to BTC. We'll have to see if it happens or not.

interesting...thanks for the input! I just hope the best for Bitcoin really because I believe that is what all the blockchains are pretty much based on so Bitcoin's future is maybe the future of all crypto? More research is needed for me now especially because I don't know much about UASF. By chance did you see the Genesis mining video on steemit? guy had an invite to their Iceland facility, pretty interesting. I invest in Genesis and mine Ether which has actually paid for itself in 4 months. With price of Ether going up so does my pay outs too! Unfortunately I also like Bitsler lol

Haha I see. Well, instead of doing research on bitcoin or cryptocurrency, I suggest doing research on blockchain technologies. Often "crpytocurrency" is tied to a function, and often represents a non-monetary value of worth.

For example, Siacoin is used for SIA, a decentralized online storage function. Its value holds as a means to provide and nurture that function alone.

Thanks for the tips! will do!

In my point of view ether is better than bitcoin because of transactions time and conformation and second bitcoin developers are old thinkers

Also isn't the transfer fee much less than with Bitcoin?