Bitcoin hits $8000 today, Are we expecting a BULL RUN in Steem and other Alt Coins?
Hello everyone, what's going on guys, it's been an awesome week so far as we see the dips and cryptocurrency rising fast so high.
Source
Today as I was surfing the net through my phone, something caught my eyes, something really interesting. BITCOIN rises up to $8000 USD in the market cap.
That's really good to hear now the question is, Do we expect a bull run in Steem and other Alt coins.
I asked this same Question on the Musing's thread and I really wanna hear some thought about it from your guys.
Here are some replies from some great Steemians
Nothing is predictable, at least so it seems, in the crypto world but I believe that Steem is about to make a vertical move in two to three weeks from now. It will be massive, as the trade volumes have increased greatly. @gandhibaba
He said it is not a financial advice and nothing is predictable in the Blockchain.
Very soon. Once the volatility in Bitcoin subsides and when it start trading sideways, then the flow will shift from BTC to ALTCOINS. I can say that the bull run for STEEM is around the corner, the least target for STEEM in my opinion is 0.8 usd at least. Hopefully June will be very good month and a lot of happy moments we can witness.
@milaan
He also said it is also not a financial advice too
Well, honestly it is good to hear that the “Father of Cryptocurrency” is having a bullish trend for the past months. I’d say, based on the sentiments I’ve read in Twitter, it is customary that once Bitcoin is on a bullish trend, altcoins will then follow suit. As for me, it is better not to expect (I’m not skeptical though) but rather be prepare on what happens next, this moment of time is a great opportunity to accumulate altcoins especially those major altcoins like (ETH, LTC and etc.) Right now, almost all altcoins are being ripped apart since investors are focusing in BTC right now coupled with some good FA news. We need to extend our patience, soon enough even though we still don’t know when will be the much awaited “ALTSEASON” begins, the assuring thing is that BTC is increasing and soaring high. We are all going to fly to the moon when altseason begins and STEEM would be among those altcoins that will soar high especially when SMT gets released and when SMT tokens get listed to numerous exchanges and also the juggernaut, the bitcoin reward block halving (this is the barometer, altcoins are awaiting this major event for Bitcoin). For now, let’s accumulate STEEM. @josephace135
Those are some reply, I would love to hear more opinion from you guys
Thanks for stopping by
©2019 Steve Toby
(@florino) All Rights Reserved
Right, I am expecting bull run after bitcoin hits 8000 $
That's good to hear
Personally think that there's a pullback happening. First, price hit $8K resistance level (which didn't seem to strong, but the price has struggled to push through that today). Second, too many indicators are in red (i.e RSI massively overbought). And finally, BTC has been rallying up 8 days a row showing almost 45% gain. You gotta breathe out in order to breathe in again. So, i thing it will retrace back to $7K or even $6K before shooting to the moon. And since BTC is about 60% of total market cap at the moment, it will affect the Alt coins.
That's pretty good to hear your opinion buddy
cryptocurrency is the future of money @florino.
Sooner it will become a major means of exchange in many states even in Nigeria..
History will not fail to tell how Bitcoin started with one bitcoin equals to 1 naira in 2007 but has so far grow within the years to become the most expensive digital money..
I see a future in Telos just as Bitcoin i encourage you to join telos today if you've not..
Register Here
Telos is for everyone so GO AHEAD AND REGISTER HERE
Use Kufray.jc as referrer
Thanks buddy