Get your finger off the sell button.
Bitcoin is going parabolic (I said it would hit 10k mid Jan in Aug.... I still see that happening)
And thats the reason for the alts dropping. There is an influx of "new money" into Bitcoin, partially because of the fork, mainly because their are BIG institutional investors that are taking positions.
Since the announcement that BTC futures will be traded many people have taken that as a sign that reads "Bitcoin is real!" -Love Wallstreet
This is a double edged sword.
We are going to see 10k BTC within 90 days. I also foresee 50k by years end. You can't underestimate what the news of BTC futures means to the entire market. I know for a fact that there will be some billion, dollar buys of BTC in the next 6 months.
Some of this will come from hedge funds some banks.
Also China WILL be back in the mix in late Feb. They are currently in a political space that is slowing the prices down, however ICO and more importantly, exchange regulation and legislation is on the table and going through the steps for inclusion/ adoption.
This all equates to FUD on BTC. Please stop worrying. The longer you have been in this game the less we worry.
Bitcoins, alts, even stocks go through cycles. Put 50% of your money into Bitcoin and find some good long term Alts and then sit on your hands.
Alts like ARK, OMG, WAVES, NEO, WTC.... They have great teams, provide a solid roadmap and have real world applications that will fundamentally change things within the ecosystem.
This is the time to rejoice! It's time to buy at 10,20,60% off your favorite alt!
Stop stressing out, and for Gods sake dont sell alts low to buy Bitcoin at ATH.
Repeat after me.
HoDL
Cheers
Wait. Are from the future? because it seems you are very sure on the things on what you are talking on here but i do agree on some points but on the price predictions then those numbers isnt really realistic at all on a short period of time.Reaching out 10k will takes time how much more on 50k? It wont happen on next years but well no one really knows on what would happen ahead but yet we should always think or make some realistic predictions though.The hardest part as of now when we do see bitcoins price increase rally almost all of alts are already on red.Bitcoin is going parabolic (I said it would hit 10k mid Jan in Aug.... I still see that happening)
And thats the reason for the alts dropping. There is an influx of "new money" into Bitcoin, partially because of the fork, mainly because their are BIG institutional investors that are taking positions.
Since the announcement that BTC futures will be traded many people have taken that as a sign that reads "Bitcoin is real!" -Love Wallstreet
This is a double edged sword.
We are going to see 10k BTC within 90 days. I also foresee 50k by years end. You can't underestimate what the news of BTC futures means to the entire market. I know for a fact that there will be some billion, dollar buys of BTC in the next 6 months.
Some of this will come from hedge funds some banks.
Also China WILL be back in the mix in late Feb. They are currently in a political space that is slowing the prices down, however ICO and more importantly, exchange regulation and legislation is on the table and going through the steps for inclusion/ adoption.
This all equates to FUD on BTC. Please stop worrying. The longer you have been in this game the less we worry.
Bitcoins, alts, even stocks go through cycles. Put 50% of your money into Bitcoin and find some good long term Alts and then sit on your hands.
Alts like ARK, OMG, WAVES, NEO, WTC.... They have great teams, provide a solid roadmap and have real world applications that will fundamentally change things within the ecosystem.
This is the time to rejoice! It's time to buy at 10,20,60% off your favorite alt!
Stop stressing out, and for Gods sake dont sell alts low to buy Bitcoin at ATH.
Repeat after me.
HoDL
Cheers
Note that in january this year btc was around 1k, its now 7k. With that same reasoning 50k isn't that far fetched for around the same time next year (7x7=49). Also he's right, there is a lot of institutional money coming, demand for bitcoin investing is also up quite a bit. Chase bank released a statement that they would start end this year possibly early next year due to high customer demand.
