Alt Coin Holders Get Ready, Bitcoin Expect To Jump 👍🏽 But then Bottom Out 👎🏽 At 6500 Until May 2020?
Good Morning my fellow steemians. There’s a lot to get ready for with thanksgiving passing, Christmas and the New Year on the way. Well if you have alt coins prepare yourself for the bull run folks because it’s expected to come!
According to a crypto analyst and utoday.com Bitcoin is expected to surge all the way to 8,200 and then plunge to bottom back out at a whopping 6,200 - 6,500. Some will argue that such actions will never take place, and that Bitcoin is on it’s way to some astronomical number. Well I’m a firm believer in nothing happens over night. There is a new halving of Bitcoin to be programmed and I’m sure you can guess, but by the one and only Satoshi Nakamoto.
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The great and terrible as they call it is to set for May 2020. Some saying this will cause a surge in the market because the miners have not priced it in. This could possibly be a big break thru for a lot of Bitcoin holders so being one of them I assure you I will be keeping a close eye on things!
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Ok what this means and how it can effect the crypto. “Halving” is a feature within the programming of Bitcoin that every four years or ( 210,000 blocks) is passed or crossed, the block reward is cut in half for miners. Some say this will put a damper on things some say it will bring the surge of Bitcoin what do you think?
I am not a financial advisor of any sort all information provided is for use at your own risk. 🤟🏽
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