{"id":8665,"date":"2019-05-16T07:18:01","date_gmt":"2019-05-16T06:18:01","guid":{"rendered":"https:\/\/www.wasteyourtime.co\/?p=8665"},"modified":"2019-08-30T13:25:27","modified_gmt":"2019-08-30T12:25:27","slug":"bitcoin-next-big-move","status":"publish","type":"post","link":"https:\/\/traders-paradise.com\/magazine\/2019\/05\/bitcoin-next-big-move\/","title":{"rendered":"Bitcoin is ready for the next big move"},"content":{"rendered":"<h2><\/h2>\n<p style=\"text-align: right;\"><i><span style=\"font-weight: 400;\">3 min read<\/span><\/i><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-5888\" src=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/buying-bitcoin-with-bank-account-e1549814601828.jpg\" alt=\"Buying Bitcoin with bank account\" width=\"800\" height=\"432\" \/><\/p>\n<p><span style=\"font-weight: 400;\">The Bitcoin price is $7.979, at the moment of writing this post. That is lower for 0,593842% \u00a0than the opening price this day.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The furious rise in Bitcoin price in the past few weeks was exciting for the majority of the crypto world. But at the same time confusing also.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-8666\" src=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/05\/bitcoin-is-ready-for-the-next-big-move.jpg\" alt=\"Bitcoin is ready for the next big move\" width=\"800\" height=\"303\" srcset=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/05\/bitcoin-is-ready-for-the-next-big-move.jpg 800w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/05\/bitcoin-is-ready-for-the-next-big-move-300x114.jpg 300w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/05\/bitcoin-is-ready-for-the-next-big-move-768x291.jpg 768w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/05\/bitcoin-is-ready-for-the-next-big-move-370x140.jpg 370w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/05\/bitcoin-is-ready-for-the-next-big-move-760x288.jpg 760w, https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/2019\/05\/bitcoin-is-ready-for-the-next-big-move-424x161.jpg 424w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">For many of them, Bitcoin awakes memories on its fantastic heights at the end of 2017 when Bitcoin hit its <a href=\"https:\/\/traders-paradise.com\/recommends\/monetizing-bitcoin\">record<\/a> high of $19,783.21 on December 17.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This new Bitcoin rally brings new peaks level to many companies. For example, several crypto-tied penny stocks recorded new peaks too.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, the shares of <a href=\"https:\/\/mgtci.com\/\">MGT Capital Investments Inc<\/a>. rose by 15% on Tuesday 9, May. This company is ranked as one of the biggest U.S. based Bitcoin miners.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On Tuesday the company stated that it is thinking to give its cryptocurrency mining sector extra chance. The statement came after Bitcoin\u2019s price increased expanded the mining profitability.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-3108\" src=\"https:\/\/traders-paradise.com\/magazine\/wp-content\/uploads\/bitcoin-mining-is-it-profitable-3-e1557986994691.jpg\" alt=\"Bitcoin mining, is it profitable 2\" width=\"800\" height=\"540\" \/><\/p>\n<p><span style=\"font-weight: 400;\">This company had its highest market cap in December 2017 when it reached $350 million.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That was in any sense the <a href=\"https:\/\/traders-paradise.com\/magazine\/2018\/06\/financial-freedom-viva-la-crypto\/\">golden era<\/a> for crypto. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Almost at the same time, one UK company added the word &#8216;blockchain&#8217; in its name rose its shares for nearly 400%. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">With the hope that such time is coming, traders and investors gave a chance to other similar companies such as Grayscale Bitcoin Trust BTC or Riot Blockchain Inc.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The price of their shares rose in the past few weeks.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Bitcoin price is likely to go far up from $8,000 and it will come very fast.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Will this word become another buzzword?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The word that can increase importance and market value? That will be interesting to see.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Anyway, Bitcoin increased by 60% in only two weeks.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nevertheless, many investors are not convinced that this rally has both legs. This price climb seems to fast for them. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the other side of the expert&#8217;s opinion are the other group of investors. Bulls! They insist that BTC has already reached its bottom price and all we can expect is this &#8216;\u00e7rypto-king&#8217; is going to rise. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bitcoin touched the bottom when it fell below $6,000. The crypto expert Dave the Wave called it the \u201cideal buying zone\u201d. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, <a href=\"https:\/\/traders-paradise.com\/recommends\/financial-markets-important-guide\">traders<\/a> were panicked and we saw a violent selloff. For smart people, it was time to buy.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Previously, Bitcoin was in that buy zone for two years. It was 2014 and 2015, and almost one year between 2012 &#8211; 2013. <\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_74 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/05\/bitcoin-next-big-move\/#The_penny-stock_companies_recognized_an_open_space_to_conquer\" >The penny-stock companies recognized an open space to conquer.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/traders-paradise.com\/magazine\/2019\/05\/bitcoin-next-big-move\/#And_Microsoft_uses_Bitcoin_as_we_heard\" >And Microsoft uses Bitcoin, as we heard.<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"The_penny-stock_companies_recognized_an_open_space_to_conquer\"><\/span><b>The penny-stock companies recognized an open space to conquer.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On the other side, the rumors about the possibility the biggest companies to adopt crypto fell in the water after the Consensus 2019 conference.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Loving eBay formally denied such news. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">But Facebook hired two ex-Coinbase experts. At least one of them is connected with Facebook&#8217;s blockchain venture.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Jeff Cartwright moved from Coinbase in March after five years at the cryptocurrency exchange. According to Cartwright&#8217;s LinkedIn profile, he entered Facebook this month. He will serve as a policy and compliance manager.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It isn&#8217;t a secret anymore that Facebook has plans about blockchain and cryptocurrency. The details are secret, of course. As the secret is the true role of Cartwright because Facebook spokesperson Elka Looks refused to comment &#8221; on personnel&#8217;.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And, however, there is the third part &#8211; the media.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Just to illustrate, for example, CNBC removed Bitcoin widget last month. But now, the situation is totally twisted. They have almost in every single show a segment about Bitcoin. Weird! <\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"And_Microsoft_uses_Bitcoin_as_we_heard\"><\/span><b>And Microsoft uses Bitcoin, as we heard.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Okay, Bitcoin owners use Microsoft, right? <\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, on Monday 14, May, the company revealed a project that, would give you the possibility to control your own credentials, autonomous of all companies. The new project is based on the technology that supports Bitcoin, blockchain.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That will be interesting to see, of course, if you like to take such responsibility. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Digital identity is the most exciting dream for every blockchain fans. The idea behind is that we all could have absolute, faultless access to all kinds of apps by creating mobile credentials. For now, the keys are in the hands of Facebook or Microsoft. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Enthusiasts support this idea because it can be a blessing for privacy. No one could track your activity on the internet. And that is the core of blockchain and Bitcoin as well. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Proponents also say it would help to stop hackers. Honestly, it would be harder for hackers to approach users data because all of them would be stored in one place or in a decentralized digital configuration.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But we are still a far away from that.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Until then, <a href=\"https:\/\/traders-paradise.com\/recommends\/trading-with-success-guide-for-beginners\">keep your eyes<\/a> on the growth of Bitcoin.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The future is interesting and promising.<\/span><\/p>\n<p><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">\u00a0<\/span><a style=\"color: #000000;\" href=\"https:\/\/traders-paradise.com\/magazine\/2018\/07\/money-risk-trading\/\"><span style=\"font-weight: 400;\">risk disclosure <\/span><\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>3 min read The Bitcoin price is $7.979, at the moment of writing this post. That is lower for 0,593842% \u00a0than the opening price this day. The furious rise in Bitcoin price in the past few weeks was exciting for the majority of the crypto world. But at the same time confusing also. For many [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":5332,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[1004,1005],"tags":[75,968,969,76,115,113,970,104],"class_list":["post-8665","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-financial-news","category-market-today","tag-bitcoin","tag-bitcoin-rally","tag-bitcoin-rise","tag-crypto","tag-facebook","tag-investing","tag-microsoft","tag-trading"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Bitcoin price prediction. 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