NEW TREND: World Bitcoin Markets Find Common Ground, What do You Think Is Driving Market Prices?
For the last few months the price of Bitcoin has definitely been all over the map. With so many different variables looming in respect to the future of Bitcoin, it is easy to understand why Traders are nervous about holding Bitcoin long-term, that is until tonight I seem to have spotted a new trend starting to emerge in the last couple of days watching charts on leading exchanges.
The trend I'm noticing starting to emerge is how markets in North America as well as Europe and Asia in places like Japan, Korea and of course China all have a fairly similar price point for Bitcoin on prime global exchanges raising the question, has Bitcoin potentially found its new middle ground from leading World Markets that are driving the price of Bitcoin daily? In the past few months we have seen prices in China, Korea and Japan at times hundreds of dollars over whatever the current price of Bitcoin was trading on leading volume markets in Europe and North America. I see this as a positive sign that the BTC market playing field is a few steps closer to being more level in other words by default being more fair.
As World Markets where Bitcoin is traded find a common ground for the price, what are your thoughts as to what is at the heart of this new trend, do you believe this trend is temporary or do you think this trend is a sign of things to come in the future for Bitcoin and cryptocurrency like STEEM? Please let me know in the comment section below, as usual I look forward to reading all the responses.
Written by STEEM user: Jazmin Million
As the war on currencies of the world is raging both in the crypto and fiat world, I strongly believe we have an awful lot more of up and down as well as scare tactics coming our way as things are going to take time to settle.
Bitcoins is in a very special place being the so-called "King of crypto", it sure is a pace setter and will be one to keep in sight in order to keep our finger on the pulse of what is coming our way in the crypto world.
Thanks for the opportunity to share and discuss the situation. Namaste :)
As for the up's and down's, if that ever stops ill leave crypto! ;p (jokes)
In the mean time at least world markets finding a common price is a good start.
But when some markets are 300 bucks over the value of another market, that just looks shady, know what I mean?
Ty for you're feed back and taking time to check out this post!
Absolutely!
as global adoption continues, I feel bitcoin will become more diversified throughout different countries around the world balancing out the impact any one country will have on its price.
Its about time, right?
Yes, I'm optimistic it will happen quite quickly.
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Bitcoin hash rate going vertical again, confirming #segwit has brought confidence back and HF fears are overblown.
This is a very good indicator that the sentiment may return to a bull market in the near future. Its a great metric to look at as its a clear sign of confidence in the value of BTC increasing.
Well said!
BTC-U is going to be the upgrade needed in BTC to give it the speed it needs to propel to mass adoption.
I talk about the comparison between the 2 in my last blog post or check out @stan profile to get all the newest most relevant news on the BTC-U
Good call, I agree!
What you will find is that more active trading across exchanges will eliminate price differences. It is called arbitrage trading. $100 difference between Bitstamp and CEXIO - buy on one exchange and sell on the other is a 4% trade right there.
I've invested a fair amount in Bancor (BNT). It's an arbitrage protocol for all Ethereum tokens. I think of it as the 'gold standard' for the Ethereum marketplace. It will always be worth the mean value of all Ethereum tokens. The oil in the Ethereum engine if you will.
Ty I will look into(BNT) for sure.
Interesting - I will have a look.
Fair enough ;D
https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-price-forecast-7-24-2017 Check out my BTC price forecasts... The driving force behind the stabilization is wider adoption along with more investor confidence. As volumes decrease, due to more people holding, so does the volatility.
Good point!
I believe that this trend is will ongoing with Bitcoin and Steem, respectively. The future definitely is bright for these two Cryptocurrencies!
100 %
@bitcoin The entire crypto currency market and bitcoin will continue to rise due to the increased awareness from others and the daily news of the potential for huge returns on investments. No yet mainstream or critical mass, but getting there fast. The old saying s is "Good News travels Fast" GO CRYPTO"S follow me at @Artintelicoinves -upvoted and resteemed..
Have a fantastic week!
As the war on monetary standards of the world is seething both in the crypto and fiat world, I emphatically trust we have a terrible part a greater amount of all over and in addition panic strategies coming our way as things will set aside opportunity to settle.
Bitcoins is in an extremely uncommon place being the purported "Ruler of crypto", it beyond any doubt is a pace setter and will be one to keep in locate to keep our finger on the beat of what is coming our way in the crypto world.
A debt of gratitude is in order for the chance to share and talk about the circumstance.
Ty for the feed back brother!
People are underestimating Bitcoin's potential. With all the fork and scaling debate news going around people have been freaked out much which lead to bitcoins price falling to $1800 but it recovered faster and proved its potential in near future. Bitcoin will soon reach its all time high within a few months.
"Bitcoin will soon reach its all time high within a few months"
Or sooner ;D
Hope so :-)
Love your questions man. Thank you, and keep em coming. :-)
Have a good week!