Thank You for commenting on my post. We are in a correction and the true bottom is unknown at this point. This is an excellent time to pickup many cryptos at a 50% to 80% discount from previous highs. I used to mine Bitcoin when most people had no clue it existed. At that point we could not spend Bitcoin only accumulate. I could generate 25 to 50 new Bitcoins a week mining with 50 rigs. If you truly think this is a huge bubble, then might I recommend a massive short position in bitcoin. A massive short position will allow you to capitalize on the “bubble pop” fall of Bitcoin. I would strongly recommend not doing this as you will most likely see a $50,000 bitcoin this year. Only time will tell. Thank You for the conversation.
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I would consider shorting bitcoin but you can only do futures and GBTC. I prefer using inverse stocks to short. Thanks for the recommendation though. It's unfortunate Wall Street isn't really set up yet for bitcoin although it is set up to short it beginning again tonight. I think bitcoin could be a brief long opportunity on Friday after the regular markets close but these next few days and weeks could be very interesting.
Thank You for the comments. It’s truly a pleasure to speak with someone that understands the abilities of the markets and how to capitalize on them. 2018 should be a very interesting year for the world financial markets. Have a great Sunday!
Thanks. Hopefully someday we can have full freedom in the USA to buy and trade bitcoin. I wish I would have figured out the Senate hearing would be the bottom but better late then never.
Exactly! Better late than never. We should see a huge upward spike! So many discounted Cryptos where to start??? Pickup one Bitcoin? 10,000 Cardano? 10,000 Ripple? ALL are excellent Cryptos at a huge discount.
I think ethereum has been outperforming bitcoin before the crackdown but I dunno if it still is. Bitcoin is definitely the easiest to at least quasi trade thanks to GBTC. It seems like some of the other cryptos would fade but I'm not sure. I'm thinking we could see 20k again in the next month or two although I do expect some resistance there.
$20,000 bitcoin should have in the next 60 days! Ethereum should be $3000 shortly. Smart contracts are great ! BIG profits are in the near future for both!! Screen shots below sourced from coinmarketcap.com
The price should really shoot up once Wall Street abandons the failing stock market.