Whenever the market is crashing some "expert" comes on the scene and claims it's going to crash much harder. Every time without fail, we can't seem to get an analyst that actually knows wtf he is talking about. Now we have people saying that $10k Bitcoin is right around the corner. Is it? You sure about that, guy?
Bitcoin Could Hit Near $4,000: Goldman Sachs’ Chief Analyst
Bitcoin a Buy ‘Below $5,000’, Says Allianz Chief Economic Advisor
Bitcoin Price Hits 2018-Low at $5,825, Where Will it Bottom Out?
Bitcoin has incredible support at $6000. I was surprised the value even went to $5800.
10k Bitcoin would be a signal that the market is no longer bearish and is instead trending horizontally. I think it's foolish to throw out that number this early. Personally I'm thinking Bitcoin up to 8-9k with a fall back down to 7-8k, but I guess that's not as fun. The FUD and FOMO of the media are constantly trying to manipulate our emotions on the subject.
The value of Ethereum crashed for two months in May and June. 18 days ago I even wrote a post, Signs of the Bull. The opening line of that post is:
Yesterday right before work I watched as Ethereum fell to $408. I thought to myself: this is the bottom.
Oh yeah! Nailed it. Feels good to win one. Too bad I didn't have any money to throw in! QQ. However, on June 12 some money did clear into my Coinbase account. From my point of view, buying in at $430 was actually better than buying in at $408 because the $430 drop was confirmation that the market was coming back up.
As you can see the market crashed to a new local minimum 4 times. The fifth crash $430 was higher than the fourth $408. To me and many others this meant that the market would come back up. So far the market has been fairly predictable. Down for a month, up for a month, down for a month, up for a month. Now we've been down for two months so I'll just roll with it and assume that the next two months will be in the green. If I have to put an exact date on it lets say September 4th.
I was so certain the market was coming back up that I bought Ethereum on purpose just so I could use my newfound knowledge of the MakerDAO. That's right! I locked all my Ether into a CDP and pulled out half as much Dai as a loan. I used that Dai loan to buy Tron because their virtual machine and "secret project" are being released at the end of the month. It's only been five days and I'm already up 25% on that risk. Exciting times.
Hm, so when is Bitcoin going to hit $4k? Never. It's never going to hit $4k ever again and in a few years people will be asking when it's going to go back down to $40k. That won't stop Bitcoin from being declared "dead" for the 1000th time because people don't understand how it works or what it's true value is. The insanity continues.
Here is what i got so far from the market, everytime i get my allowance i buy and the price drops one day after, so what i mean by this is that the market is going to drop at 26 of this month, i can't do anything against it, it's a magical power i have to turn the whole market bearish! It has happened since january!! last month i bought and the market went to 5.8-6k after a few hours...
We reached the bottom and are now going up, even if it goes down i don't see it going down again to 6k, i'm expecting it to stay above 7k for a while, meanwhile, i'm stacking Vechain like crazy... depending on trx secret projrct ill get in or not... from what i've seen justin speaks of big partnerships but they are small to medium partnerships, that man can trully sell a coin, i was a trx hodler for a long time, got out because vechain sound better imo... when i get my vechain bags has big has i want them to be ill go to another project, maybe trx
How much do you know about VeChain? I can never seem to remember what they do.
Know pretty much, been meaning to do a post about it tbh, but here goes a brief intro:
Vechain is a supply chain project backed by many world enterprises like PwC (one of the four big world companies) DNV GL, BMW, etc... it's meant to tackle the authenticity of a project, for example you can scan a wine bottle and see if it is a real wine bottle or a counterfeit! It's also going in on the car industry, house industry, etc... check their website, they have pretty cool explanations in there about the sort of things vechain is trying to solve!
The CEO of Vechain is the former CEO or Louis Vitton, they have big investors in like Tim Draper and Jim Breyer! Vechain has REAL connections with the Chinese government! The mainnet was released just a few weeks ago and the token swamp is still going, after it many coins will be locked in master nodes, decreasing the circulating supply!
Vechain is also going to provide a sort of gas coin like NEO does, it's called Thor and everytime you want to verify a product or anything you need to pay that thor, the price of Thor will be stable, the nodes will generate more or less and the thor cost will increase or decrease to make the thor price stable, this makes it so big companies like it more, since it has less volatility! They even got a university doing the numbers to make sure the price was stable! There were no critical bugs in the main net launch... don't know what else to say tbh... PwC is in bed with some of the world's top enterprises, like coca cola, McDonald's, etc... I'm very bullish on this coin, it's also going to allow smart contracts... i even got as far as selling my small positions that were ethereum and NEO to put into it! It's probably the most trustworthy coin going around! With real life partnerships!
There are more examples in the website, go check it, it's under "solutions"
https://www.vechain.com/#/solution/retail
I would advise also checking their medium webpage, good info in there... the whitepaper is big as fuck though, more then 100 pages, but those that have read it say it's pure gold... I don't have the time to read 100 pages of info, but if you have go and check it!
I look forward to the day Bitcoin hits $4k if it ever does. I'll probably buy some more then.
@edicted, I bet the Bitcoin will reach beyond $50K this year end. Super Bitcoin and Bitcoin Cash are also doing good. You never know Bitcoin Cash may compete with Bitcoin some day.
The media never admits when they were wrong. They always say the end is coming, but never say when so they can say they weren't wrong
If we expect the market to mirror the last 2 months Bitcoin should fall to $7000 over the next two weeks.
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