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7 years ago in #crypto by scandinavianlife (68)
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Yes, I think that in perhaps a couple of months, we will see a significant increase in the price of Bitcoin, mainly due to an injection of new money, and that, in turn, will drag the entire crypto-market upward.
Yes, it's been mainly an alt rally recently. I think BTC will come back, and it would be strange and not that great if we didn't even re-test 12,000.
Its moving hardly...wish to reach 12k soon but it will be a dream come tru situation.
i know to where we will go , up to the moon :)
I think there is a big chance for that. But it is..I wouldn't say risky, but there are a lot of pitfalls. Especially for everyone that are new in investing, new to cryptos, relatively new to cryptos. Even if the markets go up 100x, a lot of people will still lose money on it. Finding the best bets, like Steem, ETH, AION, EOS, Waves, Lisk and other protocol coins and just hold them is probably the best bet for most of us. I am completely done shuffling coins around. I might trade some, in order to get into some other protocol coins.and perhaps get rid of some bad ones or take some profit eventually. But basically just hold..if you own one or two of the right coins then boom :)
@scandinavianlife Hi man! ive been offline lately :)
I read the other day that if one has 10k usd of crypto the they are in the top 1 % of people holding crypto. I think I resteemed it on my blog not sure and too tired to look. What kind of "boom" do you mean? I know crypto market is still new , and anyone with a reasonable amount of crypto or any good one (s) are early adopters, but im wanting to grasp say in 5 years how big this boom could be, whats your thoughts?
Hi man..same :) Jogging and walking a lot! :D
5 years..A total market cap of somewhere between 5 and 25 trillion USD..At least 5% of total stock market value, and as much as 25% (giving the stock market grows about 15% the next 5 years from 80 trillion to 100 trillion market)
It could even be much much bigger..Total mined gold on earth is worth 8 trillion. Derivatives market is somwehere between 500 trillion and 1,2 quadrillion..
So..your imagination is really the potential here.
Thought you might have been getting in practice for a world record attempt 😀 its warmer now finally!
Hi there @scandinavianlife, I haven't dropped a line in a while, so just stopped by to let you know: still love your posts! Fully agree that 6500 was the bottom. I hope you're right about breaking that upward channel. If I remember correctly, there's almost no resistance between 12,000 and 16,000...
Thanks man! :) Almost no significant resistance anywhere above 12k IMO..
from my point of view btc price at 9200$ right now is a very good price....
i can understand that people is very greedy and is looking for easy and fast profits but i do say that even at these levels btc behavior is very nice and discipline ..
...of course i believe price will climb but we must be patient ...btc is here to stay so treat it with respect and not like a prostitute.....
....cheers....
Agree. 9200 is a relatively high price compared to for example April last year when it was just over $1000...
Great análisis. Will keep an eye on those lines. Thanks forg sharing.
Great article, thanks for sharing. I've smashed the upvote button for you!
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Are we rich yet? No. Okay. Check back again in a few days.
Hehe..
Looks good. We're on our way back up for sure. Don't worry too much about the levels, we'll break through them sooner or later. The climb should remain relatively steep until we rejoin the long-term trendline. https://steemit.com/cryptocurrency/@bitbrain/a-look-at-the-lastest-trendlines-after-the-bear-attack
Great analysis. thanks for sharing cryptocurrency update providing news.i appreciate your Bitcoin news.
I lover Bitcoin....
I became very much expecting and very big
I have to say everytime Bitcoin goes down in relation to all the other much better cryptos nothing makes me happier.
There is a special place for Bitcoin and it's heading there!
I defintely understand your reasoning, but I wouldn't want to underestimate Bitcoin either..:)
I can't help but feel positive about the market at the moment, slow progress upwards is healthy rather than parabolic runs we saw at the end of 2017.
Yes. Agreed. But we still need to have some momentum. If we keep going sideways it is not healthy either. The market must "prove" it self so to speak. But I am far from negative. Hope that was clear :)I'm just pointing at worst case, best case and most likely scenario. Even a 90% likely scenario (if there were such a thing) could end up not happening..so..no one really ever knows. We're always just dealing with scenarios.
Please do a analysis of EOS
I suggest you follow @steemcharts. I head rumors that he is going to add EOS to his daily update..He's got some great charts on Steem as well.
Thank you for the suggestion.
I will check out his blog
Each time when I take a look at my portfolio, I am still scared that it was all a dream which we have been living in for the past week. But it keeps on going. Like you wrote imagine what will happen if BTC breaks
Life is just a dream and we are the imagination of ourselves :)
Great cryptocurrency news.i like your Every News.best of luck
Amazing cryptocurrency update news.
I appreciate your cryptocurrency news.
Keep it up 😎