Bitcoin Price & Should Bitcoin exist? What the Wolf of Wall Street says about the Bitcoin Price Rise?

Bitcoin Price & Should Bitcoin exist? What the Wolf of Wall Street says about the Bitcoin Price Rise?

Bitcoin Price & Should Bitcoin exist? What the Wolf of Wall Street says about the Bitcoin Price Rise?

The post Bitcoin Price & Should Bitcoin exist? What the Wolf of Wall Street says about the Bitcoin Price Rise? appeared first on Cryptocurrency exchange: buy/sell/trade bitcoin & altcoins | iCE3X.
The Bitcoin Price & the Wolf of Wall Street
We are all pretty familiar with the Wolf of Wall Street. A couple of years ago Leonardo Dicaprio took on the role of Jordan Belfort. The authorities arrested the former stockbroker after he scammed investors shaking Wall Street. Now if you think that was a pretty epic picture of Wall Street. Read on, because the Wolf of Wall Street is not a big Bitcoin fan, what will happen to bitcoin price.
The Express newspaper covered a particularly interesting story about what Jordan Belfort really thinks about Bitcoin and why he feels that investors are brainwashed. Jordan does make some striking points. After all, who better to spot a scam than the biggest one of recent times.
Bitcoin Price spikes with 4.7%

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Thursday December 06, 2018

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On Tuesday the Bitcoin price spiked as much as 4.7%, this was it biggest high since the start of August, however, Jordan Belfort says that Bitcoin is full of “scammers” and “there’s no good reason” as to why it should exist.
Belfort also feels that it is “outrageous” to think that governments will allow bitcoin to continue as an anonymous digital currency.
Speaking on CNBC on Monday, Mr. Belfort said:
“I was a scammer. I had it down to science, and it’s exactly what’s happening with bitcoin.
“The whole thing is so stupid, these kids have gotten themselves so brainwashed.”
Mr. Belfort explained his reasoning and said:
“Bitcoin itself is not a scam, I don’t think. What’s happening is there are scams around it being perpetuated because by its very nature it’s a dark market – you can’t see what’s going on behind the scenes and people dive into that and use it to rip other off.  Scammers should be criminally charged“.
What else he said:
“Those who aren’t scamming, well, I feel bad because they are probably going to lose all their money or most of it.”
Bitcoin price is $7,048.06 at 17:07 BST, on Tuesday, according to CoinDesk. It saw its highest price in December when it hit almost $20,000. Bitcoin leapt by more than $200 overnight on Monday in an inexplicable boost in price.
The early hours of Tuesday morning saw bitcoin jump from $6,766 to $6,900 in less than an hour. Bitcoin has been praised by bullish crypto experts with Fundstrat’s Thomas Lee saying the cryptocurrency’s correlation between emerging markets indicates bitcoin could end 2018 “explosively higher” than ever before. Mr. Lee of Fundstrat Global Advisors said there is an “important correlation” between emerging markets and bitcoin.
Whether this is correct or not is up to you to decide. To compare bitcoin to whole economies is a little soft.
Speaking on CNBC, Mr. Lee said:
“In general, we thinking mining and fundamental factors like network effect really drive bitcoin’s value. But macro factors have an effect on network value.”
Mr. Lee explained that EM actually rallied into the end of 2017, there was a huge Bitcoin rally and as EM has since fallen we have seen bitcoin fall sharply. He explained that the linkage is firstly the hedge funds, which rent emerging markets stock and secondly, the wealth effect.
Mr. Lee explained the trend and later said:
“Until emerging markets begin to turn, I think in some ways that correlation is going to hold and tell us that sort of the risk on mentality is those buyers aren’t buying bitcoin.”
The bullish cryptocurrency expert said if the dollar weakens and the Federal Reserve halts its hike rate policy then both areas of the market could surge.
Lastly, Mr Lee said: “I still think it’s possible.”
He added: “Bitcoin could end the year explosively higher.”
Predicting the Bitcoin Price and getting it wrong
Many groups and “signal” providers try to predict the bitcoin price. Some people make a living by charging others for so-called tips and signals. They are charlatans, nobody can predict the future and therefore no-one can predict the bitcoin price. Yes, you can apply market sentiment. Following technical analysis is always good. The market, however, cannot manipulate bitcoin. The value of bitcoin in terms of FIAT can and is at certain times.
These so-called experts mostly publish so much on so many platforms, that they are always able to find “a historic post” proving their Oracle-like genius.
A broken clock is correct twice a day…
The struggle and main question, what would be the bitcoin price at the end of the year? Suggestions, hodlers and traders?
We like hearing from you and value your opinion. Please feel free to leave a comment below.
The post Bitcoin Price & Should Bitcoin exist? What the Wolf of Wall Street says about the Bitcoin Price Rise? appeared first on Cryptocurrency exchange: buy/sell/trade bitcoin & altcoins | iCE3X.

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