Bitcoin's Hype Cycle IS FINALLY HERE!
A few months ago I wrote an article about whether or not we were in a bubble and it turns out I was absolutely correct about the hype cycle just getting started. Four months ago I thought that we would be looking at $6K BTC prices by the end of the year. If only I could have imagined how quickly things would change and the world would suddenly recognize Bitcoin.
Original article posted 4 months ago:
https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-s-hype-cycle-is-just-getting-started
First update:
https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-s-hype-cycle-is-just-getting-started-update-9-8-2017
We are entering that hyperbolic growth phase where there MUST be a correction eventually. The price is expected to run up over the coming weeks to months and to possibly drop rapidly after the futures markets are opened. There is rumor that the markets will be massively shorted after these exchanges allow these BTC contracts.
Regardless of what happens, there will still be an INSANE bull run over the next few weeks and even over the next coming years. Will we ever see cheap Bitcoin prices again?
I suspect that the price will shoot past the $20K mark very soon but will have to take a break as investors will be cashing out some of their investments. How high can we go before it's just unwise NOT to sell?
I honestly don't know but we are certainly going to go much higher very soon :)
*Never invest more than you are willing to lose and always do your own research before making any investment decisions.
(All pictures are free domain images from snappygoat.com or created by myself.)
Special thanks to 99bitcoins.com for their price history chart too!
Great article. Thanks for the analysis. Will be keeping a close eye on the market next couple weeks
Yes it will be VERY volatile over the coming weeks. The investors on Wall Street are praying for the price to come crashing down so they can finally swoop in. There at a lot of people waiting on the sidelines thinking the price will fall back down.
probably 30k in jan 2018 :)
We could see that price within ten days because of what is happening with the CME/CBOE futures thing.
Lets hope so :) Things are really moving fast now.
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