Topic: HOLDING Bitcoin:- BOON or BANE (Read 215 times)
If I would have held my btc it would have been worth 3.2 mil. Unfortunately I had bills to pay so I kept taking it out, this time around with some altcoins im just gonna let it sit. I got into btc when it was $80...kicking myself now.
It is a theory and you can find a lot of that here and yet they dont get the right directions up until now.
If you believe this one then you can apply it to yourself. But I am warning you, this could just be one of those prediction that will always be wrong.
You will have to make your own decision or trust your instinct. No one can tell what the future of bitcoin holds when it comes to the pricing area.
If you believe this one then you can apply it to yourself. But I am warning you, this could just be one of those prediction that will always be wrong.
You will have to make your own decision or trust your instinct. No one can tell what the future of bitcoin holds when it comes to the pricing area.
I don't believe any price predictions regarding bitcoin, because they are not predictions based on hard facts, but rather baseless speculations. The price will definitely not reach $1M, that's sure, but is it going to be $60K, $100K or $250K? No one can say for sure.
There is much speculation with Bitcoins. There is no way to predict its rise or downfall. As a user you can keep your btc, spend some and save some.
Hello bitcointalk community I happened to come across a very interesting article which states that bitcoin may pump upto $60k and crash after that.
The theory stated in the article has a great chance of becoming the truth.
Do have a look at this article and let me know what do you think about the near future of BTC.
The price of bitcoin in the high thousands is a possibility if Wall Street and mass adoption of business industries goes through. As a result, trillions of dollars would in this case pour into the bitcoin market and a boon would suffice nearing possibly beyond 60k and perhaps as high as 100k. Also, on the other hand, if other blockchains were to be created which utilize software updates as Tezos envisioned, then bitcoin would have a robust competitor which could make it eventually go bust. The theory stated in the article has a great chance of becoming the truth.
Do have a look at this article and let me know what do you think about the near future of BTC.
Actually for me the price of bitcoin is secondary. For me is of great importance to bitcoin existed. At any price, we have the opportunity to make money. Now we earn thanks to pump more money than we deserve. Therefore, if ever the price of bitcoin will fall, we just return the debts. For me, nothing will change. It is a tragedy for those who have always been rich and become poorer.
there so many article that write about price speculation, they always wondering if the price of bitcoin goes to 10k it will crash or something. But here we are the price keep growing even have a litle correction
Quote
“Bitcoin is thrown to the wolves,” the headline reads, punctuating the tail end of Saxo Bank’s prediction that the bitcoin price will soar above $60,000 in 2018 before crashing more than 98 percent to “its fundamental ‘production cost’ of $1,000.”
The Danish investment bank issued this forecast in its annual “Outrageous Predictions” publication that purports to identify “highly unlikely events with underappreciated potential.”
“The rise of Bitcoin and other cryptocurrencies has been one of the most spectacular phenomena of financial markets in recent years,” two Saxo analysts write. “Bitcoin will continue to rise – and rise high – during most of 2018 but Russia and China will together engineer a crash.”
The bank predicts that fueled by prolonged bullishness over the advent of bitcoin derivatives, the bitcoin price will rise approximately 400 percent from its current level to peak above $60,000 — bringing its market cap to $1 trillion.
However, Saxo warns, bitcoin’s meteoric ascent will be equaled by the rate of its demise. Concerned about capital flight, China and Russia will unleash a multi-pronged assault on the decentralized cryptocurrency ecosystem to “shift the focus away from Bitcoin”. In addition to creating their own, state-backed cryptocurrencies, the two governments will ban mining, citing environmental concerns even though their true priority is keeping a handle on domestic monetary policy.
Bitcoin diehards will not give up without a fight, but the bank predicts that state-run cryptocurrencies will prove to function better as actual payment systems, putting an end to the two-year crypto craze and causing the bitcoin price to careen down to $1,000.
“The smoother functioning of the state-run protocols for actual payments and price stability, as well as the heavy hand of state intervention, drives a decreasing interest in all cryptocurrencies and completely sidelines the Bitcoin and crypto phenomenon from a price speculation angle even as the technological promise of the blockchain gallops on,” Saxo concludes. “After its spectacular peak in 2018, Bitcoin crashes and limps into 2019 close to its fundamental “production cost” of $1,000.”
Remember, these predictions are somewhat tongue-in-cheek — the bank deliberately concocts unlikely scenarios. However, Saxo did foretell “huge gains for bitcoin” in last year’s edition, although the bank’s “outrageous” prediction that bitcoin would rise as high as $2,100 has proven to be shockingly conservative.
The Danish investment bank issued this forecast in its annual “Outrageous Predictions” publication that purports to identify “highly unlikely events with underappreciated potential.”
“The rise of Bitcoin and other cryptocurrencies has been one of the most spectacular phenomena of financial markets in recent years,” two Saxo analysts write. “Bitcoin will continue to rise – and rise high – during most of 2018 but Russia and China will together engineer a crash.”
The bank predicts that fueled by prolonged bullishness over the advent of bitcoin derivatives, the bitcoin price will rise approximately 400 percent from its current level to peak above $60,000 — bringing its market cap to $1 trillion.
However, Saxo warns, bitcoin’s meteoric ascent will be equaled by the rate of its demise. Concerned about capital flight, China and Russia will unleash a multi-pronged assault on the decentralized cryptocurrency ecosystem to “shift the focus away from Bitcoin”. In addition to creating their own, state-backed cryptocurrencies, the two governments will ban mining, citing environmental concerns even though their true priority is keeping a handle on domestic monetary policy.
Bitcoin diehards will not give up without a fight, but the bank predicts that state-run cryptocurrencies will prove to function better as actual payment systems, putting an end to the two-year crypto craze and causing the bitcoin price to careen down to $1,000.
“The smoother functioning of the state-run protocols for actual payments and price stability, as well as the heavy hand of state intervention, drives a decreasing interest in all cryptocurrencies and completely sidelines the Bitcoin and crypto phenomenon from a price speculation angle even as the technological promise of the blockchain gallops on,” Saxo concludes. “After its spectacular peak in 2018, Bitcoin crashes and limps into 2019 close to its fundamental “production cost” of $1,000.”
Remember, these predictions are somewhat tongue-in-cheek — the bank deliberately concocts unlikely scenarios. However, Saxo did foretell “huge gains for bitcoin” in last year’s edition, although the bank’s “outrageous” prediction that bitcoin would rise as high as $2,100 has proven to be shockingly conservative.
Are we to believe these bankers? Although I must say, government in Russia and China sure is something I'm wary about.
I'd probably worry about this when it hit that $60k range. Since by then my profits would already be too much anyway, I can probably convert and then leave some. If it does fall down to $1000, then maybe I can use some of the money to buy back. Even with a plunge like that, the concept of crypto would not die easily and it can still revive.
Hello bitcointalk community I happened to come across a very interesting article which states that bitcoin may pump upto $60k and crash after that.
The theory stated in the article has a great chance of becoming the truth.
Do have a look at this article and let me know what do you think about the near future of BTC.
The theory stated in the article has a great chance of becoming the truth.
Do have a look at this article and let me know what do you think about the near future of BTC.
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