I have spent last week studying bitcoin market analysts posts and I formulated my own theory about Bitcoin's next days trend.
May be most of us are aware that a big wave is espected, but many of us don't know when and the magnitude.
Latest China's events didn't influenced very much the trend, Bitcoin have absorbed with great authority this attempt to destabilize the market, demonstrating that crypto holders are not afraid and know very well what they are all into.
Other inminent events are ready to came, amongst which:
- Banks are going to try to regulate the market and they can have a huge impact on it, at the time they are the core that manage 99.9% the relation between money and end-users.
- Bitcoin is gold, bitcoin is the source, bitcoin has a lot of power, but we don't know if it will last forever, yes it is the engine that moves everything but we still are observing different positions among devs or holders. It can be splitted o substituted one day or another, we don't know.
- Usability is going to be the only key factor in order to change the trend and push bitcoin to hyperspace and we still have a lot of work to do especially in the user interface. I talk about new machines to came. When new prototypes will born we can talk about if the price will rise or not.
- Adoption is still very far away in time, people even don't understand crypto panorama and don't understand what's the real purpose of the technology behind all this stuff, all of us we are early adopters.
- ......
Short term:
Why have we to expect another wave during the next few days?
Well, maybe because JP Morgan is not the only great major that's observing cryptocurrencies market wandering what the hell is this crypto stuff...
During next day big groups will enter in cryptomarket, with a simple purpose:
The result will be a bit of caos.
Media (holded by financial lobbies) will generate panic or fake predictions around investors in order to buy cheap a lot of cryptos.
Big offers at low prices will end with a lot of sellings?
I hope not, but bitcoin price will go down more than 14-15 of september, with huges injections of money that will push market cap above $250B.
And then......what?
Then the price will rise a lot, hitting 5000$ or 6000$ or even more.
So please as the most of them in this list >>> https://twitter.com/StandardFine/lists/blockchain-bitcoin/members advice every time before corrections in the market:
And remember, our target is and always will be:
HODL
Great post and I wish steemit had a sticky or pin option because this is one of those special posts. ??
thank you! :)
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