Bitcoin going for $49k...
Don't blink, you might miss it...
The bears had bitcoin on the ropes, they were holding down under $47k for a day or more...
And then they lost it.
This happened:
(Source: https://twitter.com/BTC_Archive/status/1433125388532789249/photo/1)
Sorry bears, you had your chance, time to fly now.
If bitcoin breaks $50k and holds, it's off to the races!
Didn't I say Bitcoin is heading UP...
You said a lot of things. :) Regarding bitcoin, anytime someone says a direction, they need to give a timeframe and some context.
Nah... I haven't been much online of Steem for last month or so... I have been busy with work ;).
I've always said there will be two smaller ups and downs before things go either a lot higher or a lot lower.
What happens with Bitcoin has a lot to do with Ethereum and Dogegoin, because people currently use those two coins as ramps for smaller cryptocurrencies and smart contract tokens (including stable coins)...
As I've said earlier already, before people started using Dogecoin, there was Monero and Litecoin.
I'm not clairvoyant, so my "default" timeframe is next week or so.
Sometimes I compare with previous "cycles" and that can be few months or up to 2-3 years prior. Things don't always follow exactly same pattern as observed during last 3 years. We're currently delayed by about 1 year.
Is this the best time to invest in bitcoin?
Well buying at $30k would have been better than now, but it all depends on your time frame. If you are holding it long term, buying now should work as well.
Ok,well noted. But let me ask, when you say long term roughly how long will it be?