Bitcoin is currently trading at $4,330 at the time of this post.
I can see 1000+ points higher from here being a totally reasonable forecast for Q4 2017.
The chart still displays a textbook bull market structure of higher highs and higher lows, despite its enormous volatility.
<<~~~BUYING THE DIPS ~~~>> is the ONLY way to accumulate a position and hold through the volatile waves, while maintaining your sanity. Investing in any security with 15% average intra-day swings can cause PANIC and discomfort. Starting small and testing the market is key if you're planning to go the distance. Accumulating and averaging UP over time is best.
Personally, I think the exponential rise in mining difficulty coupled with the finite supply of bitcoins will drive price higher very aggressively in the next few years. The demand for coins is rising even more aggressively; It seems many people want to mine for their coins with machinery or on the cloud rather than just purchasing them outright.
If you think Bitcoin is going higher, accumulate coins during times of weakness and swing them into 2018-2020.
There's no way to know the future, but if the market caps in the crypto space continue growing at a similar rate by this time next year, I wouldn't be surprised to see Bitcoin at or between $10,000-$15,000.
My call: Exponential cloud mining difficulty will wipe out the bank accounts of hopeful people trying to capitalize on the crypto craze while bold investors who buy and hold will be the ones cashing out the real profits.
Disclosure: I am long Ethereum, Litecoin and GBTC (Bitcoin Trust ETF)
Please be advised that the commentary and reports provided herein are issued solely for informational purposes and should not to be construed as an offer to sell or the solicitation of an offer to buy any security.
Muy buena información gracias
Congratulations @alphatrades! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPCongratulations @alphatrades! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPCongratulations @alphatrades! You have received a personal award!
Click on the badge to view your Board of Honor.
Do not miss the last post from @steemitboard:
Congratulations @alphatrades! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!