Bitcoin Is Slowly Creeping Up Again Reaching the 9,600 Levels

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Most of crypto enthusiast out there are praying for #Bitcoin to finally go up in the newer price levels despite of the recent "Halving" of the supply but because of manipulation of large traders and stake holders it seems that BTC doesn't get any higher than the current prices.

In the medium to long-term it will probably get its expected and predicted prices especially if we get into another halving which is less than four years from now. Still for me the Bitcoin price is as crazy as the 2017 run-up where the Altcoin had followed suit as users and profit makers had started to trade BTC for #Altcoins and vise-versa which resulted in massive gains and losses for some people.

Then the ICOs came along with Ponzi schemes (which in fact is a Ponzi/scam too) and made money for the brains behind it and of course losses for the people who fell victim for something that they or even me doesn't fully understand what we/I had put ourselves into because of the promise/opportunity to earn big/something.

Anyway it seems like a dream for BTC reaching at these levels because when I first learned about BTC it was like only 5 cents at that time but at that time I have no clue on how to acquire it, there are no miners to buy because it is just only mined with PC and not by video cards yet.

I pointed it out to my brother because he has a very good PC in his office at work that time but he is not interested and ignored me. Had he listened to me and looked it up maybe he would have earned some BTC. But of course no one really is thinking that it would reach $300 much less $700. But it continued to climb even higher until the media picked it up, shills from YouTube who really doesn't know anything but to shill their altcoins and do a seemingly learned TA's promoted "everything cryptos", as well as the things I had said above, and the fundamentals behind BTC made it to reach its current prices.

So now for me I will just stay "HODLED" and expect the "unexpected" crazy price predictions simply because the supply of bitcoin goes down as time passes by because newer people are learning about it and they themselves causes BTC supply to dwindle down when they start to invest in it and hold some coins themselves.

For us crypto enthusiasts we just have to promote it to other people for the reasons stated because BTC causes the Altcoin run-up and because of the predicted future prices which in my opinion is sure to happen. So if we just have the spare money to buy BTC it is better to get some because at least we have some investment that is easy to do and make profit with without thinking about much technical stuffs but learning the basics of trading and storing BTC safely.

Bitcoin indeed is a good investment because of the fundamentals behind it. It can be used as a mode of payment, it is being traded, it is a digital asset that is increasing in value, and the best part is that its supply gets low and low and thus affecting its price in a positive way. If the monetary system fails at least you have something to fall on that will catch you while other people are getting bankrupt left and right.

Warning:

The statements written herein are my personal opinions, do your own research first before venturing into a very volatile financial instrument like Bitcoin and Altcoins.