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December 1st, 2017- In This Issue:


Well, so much for being able to buy the dip, there was a few brief moments when bitcoin dipped below $9,000 but they didn't last very long as investor's desperate to get in on the act quickly bought up all the cheap coins.

We see more of the same heading into the holiday season as investor enthusiasm has never been so high.

We are expecting to see continued strength in all of the top crypto-currencies throughout the year.

Look for $12,500 Bitcoin, $600 Ether, $750 Dash and as much as we hate to say it, Bcash to $2,000 all before Christmas.

As far as Bcash goes, it should be buyer beware since Coinbase is scheduled to dole out the Bcash coins their clients earned in August in January. We expect that many if not most of the Coinbase clients will be looking to sell as quickly as they can in order to avoid holding the coins after everyone else has sold out. Could be a mad rush for the door as some are predicting, and this may be the end of Bcash as a competitor for investor's dollars and for attention from the mining community.

We would also like to give a shout out to our sister company at  www.bitvestmint.com which is celebrating its 2 year anniversary this month of offering perhaps the best deal in bitcoin. 

As always, tell your friends your relatives and anyone else who will stand around long enough to listen about bitcoins. 

Believe me you will be doing them a huge favor, and if they don't listen you can always tell them "I told you so"

Visit BitvestIRA for information on using your IRA to invest in bitcoin at 20% below spot price. Or call us directly with any questions at 1-844-BIT-VEST
Bitcoin at $11,000: What the heck is going on?

Forget the Dow's big rally or booming tech stocks, there's a much wilder investment story happening.

Bitcoin started the year worth less than $1,000. It's now  stormed past $11,000 -- a staggering jump of over 1,000%.

So how  does the virtual digital currency work -- and what's behind its meteoric rise?

What is bitcoin?

Bitcoin  (XBT) was created in 2009 by an unknown person using the pseudonym Satoshi Nakamoto. Many of its backers saw it as a simple global payment system for anyone to use.

Unlike the U.S. dollar or Japanese yen, digital currencies such as bitcoin aren't issued by central banks like the Federal Reserve. Instead, they are "mined" by computers using complex algorithms.
Related: Bitcoin hits $11,000 and then plummets

Payments in bitcoin can be made without traditional middlemen such as banks and without the need to give your name.

That made bitcoin popular with criminals and others who wanted to move money anonymously. But its price has taken off this year as mainstream investors have become interested.

Why have prices gone crazy?

Some experts say the biggest force pushing bitcoin prices higher this year has been ... higher prices.

Investors have been buying as they fear "they're missing the party" or "losing out on a quick profit," said Stephen Innes, head of Asia trading at online broker Oanda. "Intense media coverage" in recent months has also convinced more investors to pile in, he added.

Arthur Hayes, CEO of Hong Kong's Bitmex, an exchange for trading financial instruments based on bitcoin, said the digital currency is in a "positive feedback loop."

In other words, investors see the price is increasing and want a piece of the action, moving prices higher still.

The sentiment has been backed up by indications that bitcoin is getting greater mainstream acceptance. Next month, investors should be able to start trading bitcoin futures via the Chicago Mercantile Exchange.

That would give the virtual currency more legitimacy among professional investors.

Who's buying it?

For much of this year, it's mom-and-pop investors who have been buying in.
Many are  in Japan and South Korea, where recent regulation changes have made it easier to trade bitcoin, according to experts.

But the biggest gains from the virtual currency's massive rally are likely to be concentrated among a relatively small number of investors.

The Man who called Bitcoin $10K now sees this for the Cryptocurrency

Watch The Video....

CME to Begin Trading Bitcoin Futures 
December 18

Derivatives marketplace operator CME Group will launch a bitcoin futures product on December 18, ending speculation as to when the much-anticipated offering would be available on the U.S. markets.

In a press announcement, CME said it has self-certified the initial listing of the product and that it has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to do so. The reveal comes just weeks after CME indicated via its website that it would launch the product on December 11, before retracting the remarks.

Terry Duffy, CME Group chairman and CEO said:

"We are pleased to bring bitcoin futures to market after working closely with the CFTC and market participants to design a regulated offering that will provide investors with transparency, price discovery, and risk transfer capabilities."

The cash-settled contracts will notably find investors buying exposure to a custom reference rate created by CME and partner Crypto Facilities, and will not require the custody of the underlying asset.

Still, at launch, Duffy explained the bitcoin futures product will be subject to risk management tools, including a margin of 35 percent, position and intraday price limits.

The new contract will be traded on the CME Globex platform.

For more on CME's views on its forthcoming product, view our interview with managing director of equity products, Tim McCourt, below.

Ronnie Moas Raises Bitcoin Target Again: $20,000 for 2018

November has been a busy week for famed stock picker Ronnie Moas who, on Nov. 4, predicted that by the beginning of 2018  Bitcoin would hit $11,000. That was recently blown out the water, but before the target was hit, he  adjusted to $14,000.

Now, Bitcoin is on its way to smashing that new target causing Moas to readjust for the third time in a month as the digital currency revels in a new era of adoption and acceptance.

Moas looks at Bitcoin as a whole, incorporating all the chain splits in his split-adjusted price is and considering the price of the forked Bitcoin chains alongside the original was $12,740 when Moas made his new prediction, $14,000 looked undervalued again.

$20,000 is the new $14,000

Moas now puts the line in the sand at $20,000 for the split-adjusted price for 2018. Looking at how things have gone so far for Moas, a month is a long time, and perhaps $20,000 will be broken before that time.

Many pickers, investors and money movers have thrown their hats into the ring trying to hit the sweet spot of this volatile asset when it comes to prediction.

Tom Lee, rather conservatively,  set a Bitcoin growth of 40 percent to happen by the middle of 2018. His prediction put him at $11,500. That prediction was made a week ago, and in that time Bitcoin topped at around $11,300.

Max Keiser has a much more bullish view, but over a longer time frame as the host of Russia Today's Keiser Report believes that  $100,000 Bitcoin is an eventuality.

Why split-adjusted?

  Moas, as one of the most well-regarded stock pickers, is clearly in the Bitcoin game for its investment potential rather than the technology side which has seen different factions at war with each other. Some  people are vehemently Bitcoin Cash supporters , and others true fans of the original chain.

Exchanges Struggle With Massive Influx of Users

A rollercoaster ride of a week for Bitcoin has seen exchanges suffer outages as current and new users clamored to trade the sought-after virtual currency.

Popular exchange  Coinbase and other exchanges saw a massive surge in the volume of traffic on their exchange - causing delays for users on their platforms.

The exchange eventually had to schedule maintenance on its server in an effort to increase their capacity to meet the massive demand for Bitcoin and Ethereum.

Popular South African exchange,  Luno, also struggled to meet the massive volume of traders.

Bitfinex  also undertook server maintenance this week, and that prompted a DDOS attack which no doubt hampered trades on the platform.

Bitstamp also struggled to cope with the demand for Bitcoin - and apologized to users on Twitter as they worked to resolve the issue caused by the spike in traffic.

Server issues leading to price volatility?

Having hit the  $11,000 mark on Wednesday, Bitcoin's value has been following a wave function.

There could be a number of reasons for this. Naturally, many investors may have cashed out when the virtual currency hit its biggest high to date.

Or perhaps the apparent correction, which many  analysts predicted to come at much higher prices, is as a result of the difficulties experienced by major exchanges that were not quite prepared for the massive demand on their systems.

Lightning Can Scale Bitcoin, But Are Costs a Barrier?

It's possible bitcoin's Lightning Network will fall short of its lofty ambition - at least, that's what a group of researchers are arguing.

Often trumpeted as the future of bitcoin, Lightning's  particular twist on payments channels has served as one of the foundational ideas for scaling  all public blockchains. By proposing to push transactions off of the  bitcoin blockchain, but keeping strong cryptographic guarantees intact, it's believed by many developers to be the best way to increase the number of transactions the network can handle.

But the pressure for Lightning may be on. With bitcoin's debate over its own scaling roadmap  now paused, some businesses, upset by the decision, are watching and waiting to see how Lightning develops. Others are packing bags - threatening to migrate to alternative blockchains with fewer users (and thus less expensive transactions).

But, if new research is any indication, there could be some bumps in the road ahead.

Specifically, computer science researchers Simina Brânzei and Eral Segal-Halevi and assistant professor Aviv Zohar have been exploring what a Lightning Network economy might look like. At issue is whether people will actually use it, or if they will simply send normal bitcoin transactions.

In this way, Zohar argues enthusiastically that, although much of bitcoin's scaling debate has centered on technological theory (whether Lightning transactions could be achieved), not much has been done in the way of determining how consumers and businesses will actually react to it.

Transaction competition

But Zohar and his colleagues are also making assumptions. As part of their research, yet to be formalized in a white paper, they are building off of a generalization that there are two main types of transactions.

The first are small transactio ns, which most people make on a frequent basis, say, to buy a cup of coffee en route to work. The second group consists of larger transactions, say investing in a laptop or a hot-air balloon. These purchases are made less often, but are still important.

With this in mind, the researchers guess Lightning will be used for the smaller transactions, while on-chain transactions, which come with the security of having been finalized and recorded on bitcoin's global ledger, will be used for the larger ones.

Bitcoin's giant move upward is far from done, according to tech investor and stock picker  James Altucher.

According to Altucher, society has made major changes to its currency a few times in history: Gold replaced barter as a transactional currency; paper money replaced gold as a store of value; and bitcoin and other cryptocurrencies are going to replace paper money as a transactional currency.

Each type of currency solved problems of the prior generation of currency, he said in an interview with CNBC. Bitcoin solves the problem of infinite money printing, forgery, double-spending and anonymity, he said. Altucher owns bitcoin, ethereum, litecoin, zcash and filecoin.

Pointing to a demand-supply imbalance, Altucher predicts that bitcoin will top $1,000,000 per coin.

"There's $200 billion in cryptocurrencies out there and over $200 trillion in demand for money - that's the amount of paper currency and  gold bullion in the world," he said.

Altucher, founder and publisher of Choose Yourself Financial, a subscription-based financial publication cautions that 98 percent of cryptocurrencies are scams. But bitcoin and a few other cryptocurrencies are here to stay, he believes.

"This is the greatest tectonic shift in money and wealth that we will see in our lifetimes," he said.

Here are his 10 predictions for cryptocurrencies:

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