Appear you are asking for speculation, so speculate I shall:
Bitcoin is rising, people expect it to go back to 1000 and once it breaks 1000, they expect 2000. What better way to ride the Bitcoin train than to dump those alt-currencies which are now becoming more and more of a joke day by day?
Do I think Bitcoin will break 1000 this years. Absolutely. Will it break or reach 2000, very very likely.
Do I think the alt currencies will plummet to zero. No.
I'm expecting Bitcoin to come back down once it hits 1000, as there will be some profit taking. That is the time to double down on your position and get ready for the ride to 2000.
Disclaimer: My opinions are just that my opinions. They are not financial investment advice.
Bitcoin is rising, people expect it to go back to 1000 and once it breaks 1000, they expect 2000. What better way to ride the Bitcoin train than to dump those alt-currencies which are now becoming more and more of a joke day by day?
Do I think Bitcoin will break 1000 this years. Absolutely. Will it break or reach 2000, very very likely.
Do I think the alt currencies will plummet to zero. No.
I'm expecting Bitcoin to come back down once it hits 1000, as there will be some profit taking. That is the time to double down on your position and get ready for the ride to 2000.
Disclaimer: My opinions are just that my opinions. They are not financial investment advice.
Well speculated!
I did some further analysis and put it up on my blog, you can check it out if you are interested: http://de-crypter.blogspot.com/
