Remember: In the final era of BTC under $5000

[thoughtchain]

"The crowd is bargain hunting in what was; the knowing are buying what will be."

• Justin Mamis

Comments

[biasnarrative]

I often wish I had invested back in 2011 when I looked into it in highschool. Now I am mostly invested in ethereum but I have money everywhere.

I do see a huge correction in Bitcoin coming. Although I did buy some today hoping it will go up again. I like to HODL. regardless of it going down, imagine it how the economy works.

It constantly goes up and down up and down. But continues to have the next peak higher than the last, and the next low higher than the last.

Don't sell out of fear.... Hold on for dear life.... And wait till the fear subsides.

[stefanmoe]

No Sir, I disagree! BitCoin moves in boom-and-bust-cycles. The spike we have been seeing throughout the summer will very likely lead to a major 20% to 30% correction towards the end of the year.

Those buying right now are very likely to sustain heavy temporary losses. The perfect opportunity to buy into BitCoin should come at the end of the correction which could go as low as $3,600 as sources like CNBC predict.

Hope this piece of advice helps some people out there find the perfect price point to get into BitCoin.

Cheers and steem on!

Stefan

[thoughtchain]

Hi Stefan -- I always respect opposing views. I'm certainly not predicting that the volatility in BTC will be over (in fact I expect it to increase) -- nor do I believe that it will never be substantially below $5,000 in the coming months. But Bitcoin is unlike any other investment in the history of mankind -- for too many reasons to list here in a reply...

But consider:

1. First ever chance to send wealth to anyone on the planet without the involvement of any intermediary
2. Fully decentralized unlike newer alts
3. Mass adoption just in the earliest phase -- now anyone can buy bitcoin on your phone (very different than even 2 years ago, let alone 9 years)
4. Less than 2% of the world population has even heard of Bitcoin and less than 0.2% have ever invested.
5. People who have invested aren't going away, but others are coming in, and
6. There's a finite supply -- demand with a hard-coded supply unlike we've ever seen.
7. Fiat? -- virtually none of the above.

Good luck to all -- and yes, only invest what you can afford to lose.

[meyrep]

Looks like Clif Highs' webot report is right on the money again. BTC's price is soaring and it could easily pass the $6000 mark before another correction kicks in.

[nomadinsoco]

crazy to think it was like $400 last year

[nisiryan0522]

i hope it will reach $10,000.00 up to 13,000.00 next year..

[aarcee]

Just a stone throws away the 5000 target... Bitcoin rocks :-)
I publish my daily trade diary and chart (BTC/USD) in case you would like to follow...

[hellvetica]

We're all going to kick ourselves for not investing earlier

[lisitskiy]

By the end of September bitcoin will go up in early October $ 5,000. By the end of September bitcoin will go up in early October $ 5,000. Similar was the case in July.

[emilyberrett]

I have followed you on Steemit, please be kind enough to follow me as well.

[depot-boost]

I like your positive attitude. 5000 $ and to the moon- soon. Thx for this post

[akinsworld]

I also wish i had got to know about bitcoin right from 2010 and buy like $1000 value back then, i would have been able to afford a house now @ Miami or Dubai.. Bitcoin is rising but i think we should also take note of other ICO's coming up gradually. BIT-CONNECT Coin was less than $1 a year ago and now, it's over $100. Imagine what you would have now if you invest $1,000.

The time is now is get cyrpto investment education and investment. you'd be glad you invest now in the next 5 years when you look back and smile.

In Nigeria, a lot of Young men/Women are already millionaires because they invested early, the next election might see many of them coming on board because they now have the resources.

[ycz]

I just saw in google trends that Nigeria was the n°1 country trending for #Bitcoin searches.
Imagine the whealth distribution if BTC really goes to like over 10-20k in the next years...

[capari]

Great. Thanks for sharing. I'm starting to follow you.

[thoughtchain]

Thank you! Just followed you as well. All the best!

[smetana]

I wrote my prediction today.

Bitcoin will move inside horizontal trend
https://steemit.com/bitcoin/@smetana/bitcoin-levels-to-buy-and-to-sell-earn-usd1000-on-every-bitcoin

Follow to see newest predictions @smetana

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[minnowpond]

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[thoughtchain]

Thanks! Already following you. Please consider resteeming.

[sandyspeaxxx]

Interesting quote. I'm following. Information is power.

[kettleandseagull]

That is actually a very good point, my friend, great post!

[toninux]

[yacin]

yup i really remmber this year , do you think he is gonna down again :)

[ycz]

it goes down increase btc stock by 10 % it reaches new highs sell of 5 % of btcs
This way u won't have to work for money anymore soon if the train keeps riding the way it has been through the next 5 years

[jackytjai1984]

They say bitcoins could be 10K worthed, what do you guys think?

[gerardo59]

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