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RE: My expectation for the Bitcoin price

in #bitcoin6 years ago (edited)

I think so long as President Trump is in office the market will favor the NYSE and people will generally invest there or stay in cash barring some economic downturn. I think Bitcoin is going to be used as a hedge against traditional markets and currencies and as such won’t go up much in 2018/2019 but may if we have a competitive Presidential race in late 2019/different POTUS in 2020 and likewise for the time period in 2021-2023. With Trump coming out of a second term in 2024 I can see BTC rallying especially if a non-Conservative wins. This will signal a situation where investors see the stock market as being potentially less profitable and they will buy, buy, buy BTC to hedge against DOW/NASDAQ futures and hold it until they can make a decent profit. When the big money goes into BTC the price will surge as the little people try to get a piece but we must be way ahead of the curve and in my opinion invest in other crypto because the margins will be much better for say, LTC or even Ripple, Etherium and Bitcoin Cash. I think generally cryptos all move up together but some are better than others. The easier to buy ones will perform better so anything on Coinbase will be your best bets. I think if Steemit can make it out of beta by then and steal some market share from other social media platforms that STEEM could be one of the best earners in that period of time. I can see BTC going to $100k for sure if we see another couple rallies. I also can see crypto staying put in a 10% Up/Down cycle like it has been for the most part. But play the markets daily and weekly and you can turn $1 into $10 and then into $100 and so on. If you want to make big money you need to invest big money. That or mine some new, great coins or find a shooting star that will go Moon. EOS could be one that had an Etherium-like trajectory. We shall see I suppose.

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