Hi steemians,
After days of volume decline, Bitcoin finally breakout from consolidation today, need volume and confirmation but it's looking good so far.
.Jafari Goldman Sachs head of technical strategy preddict a 5th waves on BTC price to reach 4000$.
https://www.cryptocoinsnews.com/bitcoin-hit-near-4000-goldman-sachs-chief-analyst/
.Bitcoin best investment of all time?
I don't think bitcoin is close to his maximum price long term as adoption stats are still very far from mass adoption, regulation is only effective in Japan and Australia.
Data shows positive and steady adoption from coinbase exchange, surely data should look the same for most of others exchanges:
This is how i like to look at Bitcoin long term:
Have a great day!
Links:
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I like your "distanced" point of view, and agree that we are still a ways off. Okay, so Bitcoin was released in 2009, and 10 years added on to that would put us into 2019 . . . hummm.
My Fib work suggests $36,000 or so for the Big One (this is the first time I've shared that in public BTW) and 2019 would be a very suitable time frame based on my work as well.
I like that GS prediction on this cycle too. Mine is a little higher, $5,200ish, but we're in the same ballpark. 😄
Good post. Thanks!
Thanks for you detailed analysis, i think too that segwit activation this summer could send BTC near 4 to 5k$.
Ecosystem evolve very quickly around bitcoin, once scaling debate is over we might attack the 10k$ barrier in 2018.
I guess, 36k$ in 2019 is a real possibility. Nice read :)
Good to read more informative posts regarding the state of crypto... lets see where 2019 puts us :D
Do these things just happen faster these days? https://t.co/uNXvmkt48k
Disclaimer: I am just a bot trying to be helpful.
Awesome thanks for the info mate looking forward to more amazing posts from you.. Steemit first supercars blogger said hello if you like super heavy cars checkout our blog
its only temporary, we won´t see big moves until august
That's really cool
everyone will run to buy bitcoin now
Me too , hehe
Thank you for posting such a imformative piece of article @damarth
hello~ nice to meet you^^
i followed you^^
but what if it falls down for some years ?
Only reason i see BTC could fall down for some years is no scalability problem resolution.
But another coins would take back the lead, overall crypto market will keep growing with up and down.
hi , nice to meet you here . hope to see your more post !
Follow back me :)