Yes, I am also looking to buy more, prices of Bitcoin have dipped already.. Do you see it going back up or is it just the beginning of the major pullback?
it's just educated guessing it think it goes further up, the reasons for are:
many not even know of the huge crypto space in my environment (well educated people) -> the viral effect kicks further in 2018
demand from countries with broken currencies with up to +40% BTC price
CME and CBOE were just the beginning for many more financial products around BTC, like options
Lightning Network works already, tested on mainnet, it will unleash a whole new world for Bitcoin, maybe already 2018 or 2019 -> it would be huge for retailers, consumers and also Steam would come back for example
big investors already in and many more from the conservative parties are rushing in, like banks, conversion of naysayers is ongoing
more countries wanna profit from the development and i guess more regulation and legalization by governments is coming
recognized as store of value (2. phase, after 1. phase only a messenger) before 3. phase medium of exchange
..that's what comes into my mind in 5 min
drawbacks currently:
mining frenzy with ultra high energy consumption -> others with POS solutions like ETH
still high volatility which makes it difficuilt for pricing in retail (need a fully automated system)
TenX, Bread and others have not really started for mass adoption but is on the brink -> the bridge to the fiat world for the medium term (3. phase medium of exchange or digital cash)
I wish I had a bigger upvote value, thank you for taking out time and giving a detailed response.. I agree that long term, the prices will go up but I am still expecting a bigger pullback before that.. We have been in a bullish market from almost 2 months now and a pullback will be healthy for the entire market.
and maybe good buying opportunity or adding to existing holdings for me. Thank you!
Yes, I am also looking to buy more, prices of Bitcoin have dipped already.. Do you see it going back up or is it just the beginning of the major pullback?
it's just educated guessing it think it goes further up, the reasons for are:
..that's what comes into my mind in 5 min
drawbacks currently:
I wish I had a bigger upvote value, thank you for taking out time and giving a detailed response.. I agree that long term, the prices will go up but I am still expecting a bigger pullback before that.. We have been in a bullish market from almost 2 months now and a pullback will be healthy for the entire market.