There are many variables to factor into this equation, including perception of demand for BTC on the global stage.
Supporters of BTC, including Jeff Berwick, Cliff High of Webbot fame and others see the upward trend continuing for some time, with values bouncing up and down in the process.
On the other side of the coin we see political uncertainty regarding the “Wild Card” on how to handle the Madman in North Korea, and is he bluffing?
Then you factor in the Liberal Lefty’s bent on smear, slander, and even murder to take out anyone messing with their agenda…names intentionally left blank.
Another side of this pent up explosion for bitcoin is our National Debt, and the fact that the party’s on both sides of the aisle don’t want the kind of change that is good for our future if it means their own little nest egg is tossed out the window.
I’m not playing favorites here, I’M CALLING THEM ALL OUT!
So what in this picture is good the average guy and his family, trying to make ends meet and half the time on the edge of his seat because of all the chaos being stirred up?
People are wising up to the global domination game by the banker elites, that’s what.
It has them scared **itless because money is one of their main means of control, and Bitcoin supersedes their traditional strangle holds. You know, the whole fiat money game, control of lobbyists and politicians, the main stream media types, the newspapers. Not to forget the massive amount of data mining facebook and google are doing to infringe on your person.
People are simply beginning to realize this game their playing with us isn’t cool. Some are taking a tax hit and liquidating their 401k’s, or even taking a loan against them to buy Bitcoin.
Others are doing mining of cryptocurrency with a stash and hold strategy, along with purchasing precious metals ala Mike Maloney for silver and gold. They’re holding in their possession these precious metals so when the American dollar gets dethroned, they’ve preserved some wealth.
WHAT ARE YOU DOING TO HEDGE AGAINST THE COMING DOLLAR, STOCK MARKET, BOND MARKET AND REAL ESTATE COLLAPSE?
BETTER THINK IT OUT BEFORE YOU FIND YOUR STOCKS, BONDS, IRA’s AND PENSIONS JUST TOOK AN 80% CRASH.
Transactions are made with no middle men – meaning, no banks, no gov. control to. So negative bias is very common...
good point, btc is almost like a dagger to the heart of the fiat banks and as you say the antithesis of the traditional financial system with imposed controls on transactions.
Thx for your comment
For as much as the entire world is quite in a difficult situation I do not think we will see BTC at 10,000 in this pump... we are still waiting to see if it will be possible to pass 5,000... I see 10,000 in 2018 to be honest.
I tend to agree with you on a break-through that high, although I think it could easily be triggered by several things. Those would include the IMF approving a nation like China to declare their currency as Gold backed, which would immediately dethrone the dollar as the worlds reserve currency. Another trigger could be the breakout of war involving a nuclear exchange, in which case we're probably back to cave-man living. Under normal circumstances the more likely scenario is the U.S. dollar being devalued with an inverse relationship to bitcoin, and that could push it up to $10k.
But US count only for 24%-25% of the investments in cryptos... the big player is Asia... even with the Dollar taking a bath $10k is still a 2.5x jump, which is not a small one even in the crypto space... considering the months left to the end of the year BTC must keep the same growth since beginning of 2017, not saying it is not possible, but I just don't think there is enough firepower to actually make that jump in such a short period...
yes 2.5 times jump is pretty steep, considering its over $4k at the moment. Certainly the Asian market is the main player, and I think when a major shift occurs in currency's the BRICS will become the dominant holder, probably with China and Russia using Gold to back their currency's.