I think it could go lower, maybe between 4500 - 5000. That's my personal opinion. If you have some liquid cash, now is the time.
As for the long term, it might shock you to hear that Bitcoin is actually extremely cheap right now. Below is a logarithmic chart mapping the price of Bitcoin against its long term trend line. In past bubbles it has been 10x and even 20x above this trend line.
As of today the trend line value is $3870, so we're not even 2x that.
I also suggest you check out @haejin for tips on alt coins to invest in. He is pretty spot on with his long term calls, and you can learn a lot about Technical Analysis from watching his videos.
Good call! I'm not really a trader myself, so I've not been involved in either of these pumps. I prefer to accumulate coins when they're cheap over a longer period and just hold them. It helps me to not FOMO!
Yes, definitely.
I think it could go lower, maybe between 4500 - 5000. That's my personal opinion. If you have some liquid cash, now is the time.
As for the long term, it might shock you to hear that Bitcoin is actually extremely cheap right now. Below is a logarithmic chart mapping the price of Bitcoin against its long term trend line. In past bubbles it has been 10x and even 20x above this trend line.
As of today the trend line value is $3870, so we're not even 2x that.
https://bitcointalk.org/index.php?topic=831547.msg17459785#msg17459785
I also suggest you check out @haejin for tips on alt coins to invest in. He is pretty spot on with his long term calls, and you can learn a lot about Technical Analysis from watching his videos.
Thank you for the tips! I had a hunch today that dash will come up soon after BCH and so it happened...
Good call! I'm not really a trader myself, so I've not been involved in either of these pumps. I prefer to accumulate coins when they're cheap over a longer period and just hold them. It helps me to not FOMO!