Bitcoin was in a bubble but it is in the process of getting out of it. The price breaching $10k has proven that it has true value and many new investors are still getting interested to buy, setting a new level for bitcoin. Many of use were expecting the price to have a correction upon reaching $10k but the opposite happened.
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Bitcoin's value at $10k impressed many investors and debunked many claims that it's a bubble. In my opinion, because of adaptability and bitcoin's popularity going mainstream, the price by December will be at around $15k but of course, there will be bumps along the way but there are also many investors waiting for the price to go dip and are readying their cash to buy more bitcoins.
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Bitcoin rallying to $15k next month before the year 2018 is possible, I have read many articles regarding bitcoin and it is all over the social media, gaining more attention and it signifies that bitcoin is on its way to becoming mainstream. Many investors have seen the true value of bitcoin at $10k.
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I am using Ledger Nano S. It is best to have hardware wallet so that we don't sell our btc easily. It is recommended to those who have long term goal and hodlers.
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This is all part of the system and the volatile market of bitcoin, wise investors have seen this coming and are readying their cash to buy the fucking dip. The best strategy is to buy low, sell high; always stick to your goal and have your own strategy in investment. Bitcoin is going mainstream now, there will be bad news along the way and more panic selling will happen, but, it won't stop the growth of bitcoin. Wise investors never let their emotions affect their ways.
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Bitcoin is rising because it is becoming mainstream now even though it is still in its early stages of growth and development. It is like the internet, previously it was only at 56kbps max or dial-up, and people did not adapt to it instantly, but now, it is part of everyone's daily living. We may see the same fate with bitcoin, which is being adapted and used as part of everyone's daily living.
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Nothing is impossible when it comes to bitcoin, price could go down or up depending on the adaptability of the people. If people could see it as an investment for long term, $500k by 2020 is possible. One of the purpose of bitcoin is having a savings account or wallet without even going personally to the bank - If only bitcoin's technology and main purpose is being advertised and not the negativity and scam accusations being spread all over the news, bitcoin will rise to the moon by 2020. But, of course, there will always be negative news regarding bitcoin and it is all part of the market's cycle.
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Bitcoin is so special because of the technology and the purpose behind it. Also, it endured so much issues since its inception. Another factor is the mystery behind its creator - Satoshi Nakamoto. Cryptocurrency is still in early stages of development, but bitcoin is still king even though it is not yet as mainstream as a smartphone.
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Bitcoin rising and becoming mainstream is like a double edged sword. There will be advantages and disadvantages for bitcoin. People's interest in bitcoin will increase, but there will always be scam. More companies and merchants will accept bitcoin as their mode of payment but there will be regulators (banks, government,etc.) that will always come after your money.
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In my opinion, this is for real but, BTC is still the center of the cryptocurrency universe. BTC Diamond could have the same fate with BTG and BCH, we may never know when will BTC be dethroned, or will it ever be dethroned? BTC is king for now even though it's still in the early stages of development and will soon be mainstream. Forks will still happen in the future because improvement of technology never stops.
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Every bitcoin investors have different goals in taking profit, probably, most people will sell their positions at $10k and there would be correction/consolidation after, which is normal in this volatile market. No one could predict the support level upon reaching $10k but the cycle will always repeat itself. Personally, even if I buy bitcoin at $10k level, I won't be selling it if bitcoin's price crashes, instead, I will buy more at discounted price. Best thing to do is to stick on buy low sell high strategy, aim for long term and always hope for the best.
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Bitcointalk Username: fulmetal08larz Bitcointalk Rank: Member Number of Posts: 116 Bitcoin Address: 32sajSGbddbYTNWjjjD1xnE7BA9HFaQ9MP
Hi, I would love to join this campaign. Thanks in advance.
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It is never too late to invest in bitcoin now because it is still in its early stages of development and will surely grow to its full potential in the coming years. The future of bitcoin and other cryptocurrencies is very bright, and every single day, more investors are getting interested in its technology. Being able to be knowledgeable about cryptocurrency and trading world will be an advantage; you also have to be self-aware of your risk tolerance. Learn how to diversify your funds and have your own strategy in buying low and selling high. Do not let your emotions get easily affected of the FUDs, just believe in your investments, HODL, and hope for the best.
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This is good news. Bitcoin being accepted widely could attract more investors to use bitcoin in purchasing goods, services, etc. which may result to its price to increase in the next couple of months. Amazon could offer their own token in the future to purchase on their site as well. It is a very bright future indeed for crypto world.
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Absolutely not, but I think they make a big impact in crypto world. Most Chinese Investors are business minded and know how to strategize in the market's volatility. They will not let their business go down the drain and will always grab the opportunity to buy low and sell high. Bitcoin is currently on its early stages of development and we may not be able to predict the future but we can always hope for the best to come.
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I was surprised of the bitcoin's price breaching $7,000 today. Before I went to sleep, the price was just around $6,600, but upon waking up, I checked the price and the all-time high was already at $7,200. This is a good sign for bitcoin but if you could see altcoins now, there is a bloodbath, wherein most investors are converting their alts to btc probably because of the upcoming hard fork. I am hoping that bitcoin will maintain its steady bull run.
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In my opinion, bitcoin's price increase is being driven by the hard forks happening, most investors wanted to receive "free money", you can clearly see it because of what is happening in altcoins world, there is a bloodbath ongoing. Also, some reasons are the good news like adaptation and acceptability of bitcoin in the world. We may see some correction after Nov 15 but it wouldn't stop new investors from buying bitcoin for long term profit.
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In my opinion, these new ICOs will help us in the future to diversify our funds. There are those ICOs which invest on real properties, commodities, real-life investments, etc. to minimize the risks involved in cryptocurrency world. My take is to be careful and research about the ICOs you will be contributing to – know the team involved. There are lots of ICOs out there that are taking funds from the crowd and disappear without a trace.
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