It's no doubt in my mind that Bitcoin can and will go higher in the long term. But before that happens, there needs to be a massive downturn like there has always been in every Bitcoin bull market. If you look at the chart, you see that a reversion to the mean has to take place. If you've been studying markets long, you must know that no market can go in an upward direction forever and still be a wise investment. Bull and bear markets must take place.
Personally, I am holding LTC that I bought quite a long time ago, and a few other alts. Besides that I am staying cashed out until an amazing buy opportunity comes along. I am not saying Bitcoin won't go higher, but this is the longest bull market it has ever had. It's previous bulls only lasted about 3 months.
BTC will be 20000$ soon!
very soon
I'm sure it could be, but that doesn't mean it won't double top and tumble, At this point I would prefer to make new buys at a bottom.
2018 is going to be the year of Crypto, so sit back, hold on and what ever you do don't let go.
Happy New Year everyone!!!!!!
It could be, but it's important to look at markets without wishful thinking and emotion. A bear market might only last a month.
This is true, but only 1% of the world knows about Crypto and that number can only go up Crypto is getting in the news more and more everyday
That doesn't guarantee that people will buy in and it certainly doesn't guarantee the continuation of a bull market in my opinion
What do you think about ripple?
Ripple would be a good investment if you don't care about the goal of crypto: decentralization. Ripple is a centralized banker coin. it is literally created by the people that cryptos were made to get away from. it could do amazingly well, but I wouldn't sleep well investing in it. It has no cap and one of the main leaders of it is the exact person that caused the crash in '08 which is what led to satoshi to create Bitcoin. His name is Ben Bernanke.
I believe that there are enough people excited about Cryptocurrency now that we will continue to see a great Run!
It is possible, but most of those people are minnows that don't have a ton of capital. Smart money has been in for years and will likely cash out then swoop in for some discount prices. (eventually).