Real price of Bitcoin vs what the press are saying as at 15:00 on Tues 25th Sept. 2017.
If you want to know the truth about anything, as is almost always the case, you have to find it out for yourself. Currently, the press and even BitCoin exchanges are giving much lower prices for Bitcoin than it is actually trading at in the real world, on the back of stories like ‘China hits booming cryptocurrency market with coin fundraising ban’ – Reuters.
But dig deeper into this story and you will find that China are ‘considering new regulations’, and that most Chinese ICOs (although at the time of press, four have started on the refund process) are not about to refund the Bitcoin or Ethereum people paid for their ICO tokens. They are in fact waiting for further news to see what the actual situation will turn out to be. The Central Bank of China may like Bitcoin even less than the Rothschilds do, but they know a good thing when they see it, and the ICOs have brought ¥10s of billions, and USD$billions into China. Or kept it in China, when this is money that would otherwise have escaped overseas.
Despite Bitcoin.com and many other exchanges/price indicators giving the current price of Bitcoin at around US$4319.21, that’s not the real price of Bitcoin. The real price of Bitcoin is what people are asking for when they sell the coin. And, of course, what you are willing to pay.
That’s what Bitcoin.com is saying, but look below to find the real price you can acquire Bitcoin for…
Using XE.com this gives the US Dollar equivalent of $4,624.85.
The real price of Bitcoin is therefore $305 USD higher than it is being quoted at almost everywhere. This is blatant manipulation, not only of the news, but of the exchanges.
So you can take advantage of the current dip in Bitcoin value, but don’t expect to get it for anything like the prices the exchanges are quoting.
And here’s a thought… There is a powerful agenda in place here. Someone or some group of Bitcoin holders with enough Bitcoin to influence exchanges worldwide wants you to ‘panic sell’. This is not the first time Bitcoin has taken a big dip in value. Neither is it the first time that the perceived dip in value (which is what makes short-sighted people want to ‘get out whilst the going is good’), makes the apparent downturn seem much worse than it is. But here is what happens next: BitCoin is bought up very quickly, and in massive amounts as soon as the price ‘bottoms out’.
Who is doing the price and news manipulation? All I know is what I see. And out of what I see, I take what I can get. I know Bitcoin will reach at least $5500 in the very near future, and then onward and upward, through the dips and highs, averaging gains month on month that will eventually see anyone holding even a single bitcoin, what we’d call ‘independently wealthy.
The conservative contrarians like Richard Branson are suggesting a price of around $1,000,000 for Bitcoin in between 5 and 10 years time, but Bitcoin actually has no upper limit in value. My own ideas are different and not adopted from others. As we saw when Bitcoin reached around $2000 in value, the coin suddenly became a good investment for people kicking themselves because they hadn’t bought Bitcoin when it costs mere cents. Because those people who bought and held just a few dollars worth at that price are now multi-millionaires.
But, of course, as always, do your own due diligence, don’t spend more than you can afford to lose, and if you are going to buy, better sooner than later.