Bitcoin Explodes Through Key Technical Resistance, Hits 7-Week High

[Sofia + 35]

Bitcoin has suddenly exploded over 10% higher, smashing through its 50-day moving average, above $7000 for the first time since early June. BTC is now testing up towards its 100DMA, ramping over $600 in 30 minutes. 

 

Edited July 17, 2018 by Sofia

[Epic + 390]

I am guessing the price increase has to do with this:

"Mastercard has a new patent that could allow bitcoin transactions on credit cards."

https://www.cnbc.com/2018/07/17/bitcoin-above-7000.html

[Pumpitup + 2]

when people get more money into bit coin it will be used by many people ,

 

its so easy to send money to anyone 

 

[Pumpitup + 2]

although i prefer etherium ,

 

i would not touch 90% of coins and icos as they will lose all of your money 

[Pumpitup + 2]

eventually 

 

[Epic + 390]

6 hours ago, Pumpitup said:

when people get more money into bit coin it will be used by many people

Cryptocurencies have one great advantage.  When you purchase goods with cryptos, you don't have to pay the added 3% tax that the bankers impose upon the sellers in the form of payment processing.  Once sellers begin to understand this advantage, it will be all over for fiat and for the bankers.  This could give you an idea as to how much money cryptos can save in the global economy: last year about $3 quadrillion changed hands in the form of digital transactions.  Keep in mind that number only counts digital transactions.  That number is also expected to double by 2022.  Now apply a 3% "bank tax" to that number, and you get the idea of how money each year is transferred by the bankers from the consumer's bank account and placed into the banker's bank accounts.    

Human nature dictates that when you give a banker the authority to transfer money from one account to another account, that money inevitably ends up in the banker's account.