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RE: All Eyes On Bitcoin - $17,000

in LeoFinance4 years ago

Here are my guesses:

The global economy is heading into recession and there will be high inflation. So cryptos will be boosted by that.

First Bitcoin will take the lead - but it went up too fast yesterday so I think it will sit around 17k for a few days now

I do think Bitcoin will keep climbing strongly for at least the next three months - up to well over 20K - maybe as high as 50k

But I don't think Bitcoin will go up forever - it may have it's regular pull back cycle or it may be replaced by newer "alt-coins" - or both - so I'm watching and if it looks wobbly I'll jump ship, as I did last time it got overheated

Alt coins - I'm holding ten at the moment, my biggest investments are in Etherium, Monero, Dash, and Cardano - any of which could take off. If there were any I would like to have more of, I'd probably go with more Litecoin.

But this post says it all (take care and trade with an eye on history):

https://peakd.com/hive-167922/@edicted/the-return-of-dumb-money

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