Can Bitcoin go to 100,000? The best technician I've known says yes....but what does that mean?

in #bitcoin7 years ago (edited)

725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9kMjY4NmU5ZGJmYzFkZWE1MDI1NWRhOTJjODhhZjM5YS5qcGc=.jpg
www.cointelegrap.com

You bet 100,000 in the cards and some think even in 2018. Of course no certainty.
1.) bitcoin becomes much easier to use.
2.)Major retailers start accepting bitcoin.
3.)government start using it.)
4.)trading activity to continue to grow,
5.) And an added one? THE DOLLAR is done..."toast"

6.) REMEMBER all this is bullish for precious metals although some don't "get it"..ask the Chinese. Wait til you see them press for a gold backed currency to unseat the dollar..THIS IS GOING TO HAPPEN.

7.)However. Where may all this be headed? Get out your history books and research "The Weimar Republic"...better make sure you divisify into Gold/Silver...NOW.

The legendary Arch Crawford (look him up) says easily we can see 100,000 and more. But also says a wheelbarrow of daollar "might" buy a loaf of bread. Your insurance? GOLD.

Sort:  

The whole space will be much happier when Bitcoin makes a new all time high and brings more money into the space again! Lightning network is up and running now, but it sure has been a quiet release so far

you bet!!! and thanks !

Yes BTC can go even much higher but we have to be aware of some of the challenges as well.
A single unfavorable announcement can drive the price much lower like what happen to all coins after south Korean thing.
With growing demand for other platforms such as ETH, ADA and NEO there could be a shift of market dominance which may lead to slower price increase even to lower than the current price.
ppl are becoming interested in full ALT coins instead of fraction of BTC this mass Altcoin adoption may lead to the slowdown of BTC.

Having said that BTC will till probably be the king