Bitcoin — what’s going on?

Fidcom
2 min readNov 5, 2017

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Good afternoon, dear readers.

Let’s put away reviews and other things. We really want to know your opinion about what is going on with Bitcoin?

The historical price record has been broken. One of the most daring predictions of analysts came true — the price grows without any kickbacks. The long-awaited hard fork passed, but the rollback did not happen (we assumed this situation in one of the previous posts)! Altcoins do not grow, and some even fall. And what will happen to them if Bitcoin eventually goes into a rollback? :)

It should be noted that growth occurs with a decrease in trading volumes. This suggests that there are simply no sellers on the market. Maybe the Chinese and the other major Bitcoin miners decided to raise the price and just do not sell. And the impact of other Bitcoin owners on the market is not significant. Right now we have no other explanation.

And if our assumption is true, then theoretically the price for Bitcoin can be absolutely any. It can be $ 10,000 or $ 50,000. At what point the “insiders” will want to fix the profit is absolutely unknown.

What do you think about this madness? Let us know in comments!

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