Bitcoin back at 4K.. US Dollar down again. Gregory Mannarino
.
Well, despite the continuing attacks on Bitcoin and cryptocurrency's as a whole, Bitcoin is back at $4000 moreover, the US dollar is lower again in early trade.
Quite frankly, the more I hear from supposedly experts and individuals who have a vested interest in keeping the general public in a dying asset, (the US dollar), the more I know I am in the right spot by holding Bitcoin and other cryptocurrency's.
.
As for me, I am still sticking to my initial target of $5000 on Bitcoin which will hit 10,000 within a year.
.
Gregory Mannarino
FRIENDS, LIONS, TIGERS AND BEARS. TAKE ADVANTAGE OF THIS! 100% FREE eBook, Downloads, Chat Room, Commentary, ALL ON MY WEBSITE. Have a look! Click HERE: https://www.traderschoice.net/
Big Brother Is Coming for Bitcoin
Interest in bitcoin is red-hot right now. It’s impossible to open a website, listen to a podcast or watch a video in the financial space without hearing about the meteoric rise in the price of bitcoin.
I know about the bitcoin frenzy firsthand.
I’m a frequent guest on financial television and do many online interviews. Sooner or later in almost every interview, the anchor will turn to me and say, “Jim, I have to ask, what’s your opinion on bitcoin?” And away we go.
The fact is I actually don’t like talking about bitcoin; it’s one of my least favorite topics. But I can’t avoid it!
Of course, bitcoin is just one of many cryptocurrencies. There are hundreds in total with names like ether, dash, dogecoin and blackcoin.
For convenience, I will refer to all cryptocurrencies here as “bitcoin.” But you should understand that the analysis offered applies to the other cryptos as well.
Maybe you know a “bitcoin millionaire” who bought 500 bitcoins a few years back for $50,000 and is now sitting on a bitcoin fortune worth over $2 million. It’s true, those people actually do exist.
While I’m not a fan of cryptocurrencies, I am a believer in the power of the technology platforms on which the cryptocurrencies are based. These are usually called the “blockchain,” but a more descriptive term now in wide use is “distributed ledger technology,” or DLT. There’s no denying that fortunes have been made and still will be made in various DLT applications.
When it comes to cryptocurrencies like bitcoin, I take a laissez-faire approach. Do your own thing. If you want some bitcoin in your portfolio as part of a diversified bundle of assets, that’s up to you. If you want to speculate in some of the other lesser-known cryptocurrencies, that’s fine, too. You might make a lot of money.
My only admonition is caveat emptor. Please take the time to understand how it works and what the risks are.
I am not a technophobe and I’m not a bitcoin basher. I understand bitcoin very well at a technical level. I’ve read the original technical papers on bitcoin from 2009 and many commentaries since.
I even worked with a team of experts and military commanders at U.S. Special Operations Command (USSOCOM) to find ways to interdict and disrupt ISIS use of cryptocurrencies to fund their terrorist activities and caliphate.
OK, so now that people who followed "Maalox" Mannarino into the gold trade are getting their asses kicked even harder than last week, look for Greg to come on and beitch n moan about what janet Yellen just did...just like he did with Jamie Dimon and the ass whoopin Jamie handed Greg's kittens on bitcoin last week. You plan on just beitchin and moaning about it when the funnymentals tell you that you were wrong becuz "price" (the ultimate measure of value) proved you wrong? GRRREAT!! You are now an official member of Greg's family of kittens. I'll call you off the grid kittie...and you are in bigger danger than 90% of Greg's other "worshippers" as the zombies gona be looking for you when Argamegdon "finally" gets here. Zombies eat kittens and other household pets...ya skeeerd? :O
You still averaging down into Veritaseum? I see you fell for Reggie Middletons scam 4 months ago.
https://steemit.com/veritaseum/@off-the-grid/new-crypto-veritaseum-i-am-in-are-you-2017525t224341566z
"Buying the pullback!" into a 50%+ loss are you? Or just sticking with bitcoin like local hero Dollar Vigilante is now that he's getting his ass whooped via an EOS buy at 1.85? or better yet...are you thinking the best route is to just say >>> "I have no fukkin idear" like you basically did with this spew? No...I don't 'expect" you to respond to what to do about your Veritaseum ass whoopin as most of you ex-spurts (drips under extreme pressure) posting commentary all over Utube "think" you deserve a "fee for service" for your lame ass advice. carry on my wayward son.
I wonder how bitcoins rise to 10,000 will impact steem dollars or steem power value as they are crypto as well. Thanks.
So far BTC is the leader, maybe because it was the first and most well known crypto.. I own STEEM and LITECOIN which have not benefited on the back of bitcoin.
That would be interesting.
The past couple of big bull runs on Bitcoin seemed to have dragged up all the other alt coins with it.
I think the $10,000 price target within a year is a bit optimistic but I could definitely see $7/8,000.
What goes and up down is relative to what it is being compared to. For instance, I've found that Bcash is actually gaining on higher lows than Ethereum, but since we compare holding any crypto USUALLY to the local currency, or even USD, it's hard to see what is really is gaining. But that said, it matters what your goal is with it.
nice post! profit
@marketreport Well done for sticking at it! Love it. Followed..
I am little bit worry about btc
I love it when I find an article that makes me feel good while I'm reading. It's a beautiful point that flows with the current shift happening in humanity. I believe people want to do better and we are evolving into a more loving society.
you are a good writer..
full, very nice 10K dollar :ok_hand:
This post has been ranked within the top 50 most undervalued posts in the second half of Sep 20. We estimate that this post is undervalued by $17.74 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Sep 20 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.