New milestone for Bitcoin - BTC hit 5000 USD mark this morning!
Hello everyone,
I have been closely watching BTC over the past several days while it has been ranging around 4.8 to 4.9 thousand dollar levels, waiting for it to break the magical 5000 USD. When I woke up this morning BTC/USD pair was trading around 4 900 per bitcoin but when I checked back about an hour later BTC hit 5 109 USD. This truly is another milestone for BTC price. The overall cryptocurrency market reacts in a very predictable way when the majority of altcoins are bleeding as BTC is creating FOMO once again.
So what is next? Where are we going in price terms in the near future? Personally, I believe that 2018 will be yet another epic year not only for BTC but for the whole market. 2018 will be the year where big banks, hedge funds and the governments will wake up to cryptocurrencies and stop denying its existence or trying to destroy them. BTC has proven time over time that it is undestroyable and it will stay that way.
Price targets? I am going to stay away from that but hedge fund legend Mike Novogratz sees BTC reaching 10 000 USD in the next 6 to 10 months as in his recent interview for CNBC's Fast Money.
I personally think Novogratz's prediction is slightly pessimistic and the price will hit higher levels unless something unexpected occurs which as we all know is pretty normal in the space. Only time will tell. Way more optimistic price prediction is from an early adopter of Bitcoin Trace Mayers who sees the price hitting 27 395 USD in the next 6 months as per rising 200 days moving average.
Whatever the price will be in the next few months the overall market seems to be more bullish then ever before. Have a great day everyone and keep on steeming. Forget the BTC FOMO right now get some cheap STEEM instead:).....
Please feel free to check out some of my other recent posts.
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Tomas
CEO & Founder of CGH
Bitcoin just crossed the $5,000 mark , but that's just the beginning. As investors prepare for Bitcoin Gold Hard Fork, more purchases of Bitcoin would be made.
Also, with Amazon's Earnings Conference Call just around the corner (26th October, 2017), and speculations that Amazon would announce the acceptance of Bitcoin on their website, there's a crazy rush to own Bitcoin before that announcement is made by Amazon as this would lead to a serious skyrocketing of Bitcoin value.
With these two serious events, a lot of major currencies would go up several fold, Bitcoin should be hitting $10,000 by December.
See fulls post, along with my investment recommendations here: https://steemit.com/cryptocurrency/@crypto4everyone/bitcoin-gold-hard-fork-a-great-investment-opportunity-you-can-t-afford-to-miss
and here: https://cryptoforeveryone.com/the-biggest-cryptocurrency-investment-opportunity-for-fall-2017/
You Seriously don't want to miss these life-changing opportunities!!!
10 000 BTC by December is very reasonable. Thank you for your input and have a great day. Tomas
You're welcome
What's even better by looking at the coinmarketcap now is the fact that it is new money coming in.... The majority of alts stopped bleeding and are back up to their morning levels while BTC still growing. Someone is spending a lot of money right now:)....
You're totally right. I think the success of the bitcoin cash has given a lot of investors courage to go all in with bitcoin gold. Also, those who missed out on Bitcoin Cash want to make sure they get in on the action this time.😀
This is wow moment for Bitcoiners:
Now this seems really way more optimistic price prediction:
However, the point is, that guy is an expert. May be he is right that's why we're hearing some interesting news. Let me share this one with you if you've not read it before: [BITCOIN OR BROKE: DUTCH MAN SELLS HOUSE IN HOPE OF CRYPTOCURRENCY BOOM]
Here are some excerpts from this article:
Interesting, isn't it? :d
Great post @czechglobalhosts. Thumbs up.
Steem On!
Thank you for your input! I actually read about the guy yesterday:).... There are some crazy people out there that are really betting everything they have. I am more cautious than that, lol... Have a great day and keep on steeming.
Agreed. They don't understand the difference between risk tasking and calculated risk taking.
True! I think they will make it big one day though:).... Good luck to them!
nice post @czechglobalhosts, no doubt this is exactly the way fb, twitter and instagram developed, initially when fb has 20k users no one know about it but once the no. of users and accounts grow above 70K these platforms becomes viral sort of things and spread all over the world, the same case with bit coins if more peoples know about it it increase the no. of users and no. of wallets in this way bit coins grows so fast and, it is helpful for all users. thanks for sharing
You are absolutely right, I like your comparison with those companies! Have a good one. Tomas
What's your views on steem?
Steem at this moment is grossly undervalued with huge upside potential. However, the beauty of Steem is not only the upside potential but also the fast you can make interesting ROI from your rewards. Even if the price of Seeem does not move you can make some serious money from compounding effect by daily powering up your rewards. That combined with the potential growth makes Steem one of the best investments there is right now and can lead to a serous wealth buidling! Have a gread day. Tomas
Thanks a lot
Celebration TIME!!
Absolutely:).... Next is STEEM:)....
hello, @czechglobalhosts
Nice analysis buddy and hope it will get an uptrend & reach higher destinations.
thanks for sharing.
amigo #resteemia at your service
fantastic news. btc recovery time is too short. excellent info @czechglobalhosts
ReSteemia
'UpVoted ReSteemed Commented'