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RE: Bitcoin: Expect the Unexpected 3 [New Bull cycle about to start]
I was waiting for BTC price to go down again and confirm the low at $6K like it always happens in the markets, but I´m not a specialist by any means, and with this last weeks almost breaking $12K I thought the way would be upwards... I don´t want to be mean, but I really want the markets go follow your prediction because that will be the best time to buy, after that the year will start for crypto.
I have seen the argument that the February drop to $6k was already the retest of $6k from the November drop. Anyone have thoughts on that? I don’t know enough to make a judgment.
Don't try to justify every market move. Most of the times is purely noise and weak hands doing random buys/sells. Fundamentals are stronger than in december so crypto will rise again.
If central banks start holding crypto.... we're talking about a 3-5 TRillion market cap. Bright future ahead!
Well said. But, I believe we are likely to see $10T market cap by end of 2019. The institutional money will start coming in this year and that means, hedge funds, pensions, endowments and family offices. Then we will have dozens of ETF created starting this year that allow the average person to buy instead of going through all the pain we have to endure directly investing in cryptocurrencies. That means retirement accounts will be able to be invested. My newsletter guaranteed 10x for our portfolio in 2018. The future is bright and I can't wait to see it develop.
Me neither, and in November I was just starting in the crypto world.
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Below 10k is a good buy long term investment.
You're here only since november so you're only seen massive gains weekly. Markets move in cycles and now we're at the last stages of a correction. Next bull cycle soon.
Remember: one year ago bitcoin was less than 2k.
Exactly, that's why I'm waiting for BTC price to come down a little bit more and then I can buy for even more potential profit, I´m truly convinced that cryptocurrencies are the future, and while some projects/coins will fail, on this early stages I think everything is going up with BTC price rise.