✴️ BITCOIN HITS $5000+ ... NOW WHAT? Should We Be Concerned?
“The individual investor should act consistently as an investor and not as a speculator.” ~ Benjamin Graham
Did you know if you invested $100 into bitcoin a year ago, it would be around $850 today 😳🤣. So where do you guys think we are heading too?
I see lots of Newbs buying right now and having that FOMO (Fear of Missing Out) Euphoria Feeling.
Just think about it for a minute. Bitcoin just went up 400% this year and just in 47 days, it went up from $1900 to $5000. 📊📈📉
Hmmmm, Bitcoin can still reach $6000-$7000 this year... but there is a big correction coming soon, when you say?... who knows.
All "Markets" tends to "Mimic" these types of patterns.
So are you buying, holding, taking profits? Only time will tell what will happen to the price of Bitcoin in 2017.
In my opinion, we will see a pullback so get your "Fiat Money" ready for 2018... In a few years when we see Bitcoin over $10,000+, then we can really celebrate 🤑
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Rain Time, fell a little today! Buying more!
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I was to late for the post so hit your comment...
woosh
So do I and everyone else.
But we must also learn TO TAKE PROFITS when they come.
I have nothing against HODLers. But I'm more for selling a certain percentage of bitcoin (and whatever else) whenever a certain price is achieved. Often, there would be the chance to buy that amount again. During a correction - some of which are quite significant, like last July.
Just keep buying the dips :)
Good idea... how do you sell Bitcoin for fiat ? Blocktrades? Bittrex ? ATM ? Visa Credit Card ????
I'm in Malaysia and using Bittrex. I'd transfer the BTC (minus 0.001 fee to Bittrex) to an exchange that buys and sells BTC in Ringgit - Luno.com (it also accepts Rupiah and several other currencies).
"Play safe" and never be fully invested is my general strategy. Less efficiency in capital usage" and won't maximise profits with this cautious way. But I prioritise protecting capital and keeping profits first over "biggest profit potential".
I'm thinking, "holy crap I made a new BMW with that short!"
Keep stackin that Kash! Can I come see STACKIN in Las Vegas Charles?
http://www.FlippyCoin.com is the #1 Cryptocurrency Exchange!
How do you short Bitcoin ?
Through CFDs is one way I know of.
this gif miming the btc "rally" ? xD
Hope its the i8 :) lol
Congratulations for the quality of your post, it was chosen among the posts to be upvoted on Steemit Community Quality Support. Thanks for sharing!
If BTC continues on this road, it can still give us many satisfaction.
You have an awesome facebook group, glad to be part of it.
Long term I see over $50k by 2020 in the short term it could lose $2k in value to shake out and scare the faint of heart. I'm not going anywhere!!!
We think the same way @alao! The people who are buying now will sell when it drops haha
Holding out for the real gains!
If people got in early ($2000 or less) should always hold... let's get those gainzzzz haha
Kubby. You and me on an island in the Caribbean drinking strawberry daiquiris when BTC hits 10K.
@stackin, you can come too if you like.
WOWZERS haha ... I think that's a great idea! I'll pick up the tab with my bitcoins :)
Oh even better!
Let's make @kubbyelizabeth pay jk hahaha
Hahaha, I approve choogirl ideas!!
Nah-ah! You offered first. I even screenshotted it so no backsies! 😁
looooool
For realllllll... For once I'm actually excited about the correction 😂
And the hard forks, too! Not only were we blessed with Bitcoin Cash, but now we can expect Bitcoin Gold AND this Segwit 2X hardfork 🎉🎉🎉🎉
More uncertainty on the way, all i know is that l love STEEM haha
yes steeeem
This is a priceless quote
Many people act as speculators.
I remember in mid July Bitcoin was at around $2700 and now $4700-$5000.
I do believe it will reach the $7000 mark by December.
Bitcoin All The Way Up!
You the man @jaraumoses "all the way up" :)
Hahaha i remember that rap song by our own @dollarvigilante
Charles, That's a great news. Years ago you advised someone about investing in Bitcoin and s/he did not listen. What's your advice today for someone who wants to listen and take action?
The best advice is that if they don't listen... just move on lol
Lol. Being a crypto expert, you should not stop guiding the beginners. Anyway, loved your post.
very nice post, i think with the increasing no. of BTC users and wallets every day my personal opinion is a 7 to 8K is well insight now.
I was looking at new accounts getting created on all exchanges, they are tapering off last week since the 5 month bull run. It should be one indicator we can use :)
yes it is a good indicator.
Bitcoin is the king of crypto and I am waiting for the day when steem will explode in price and all of us will celebrate
Let me get to 10k steem first haha
Hahaha I am wishing from next year ending not now because we still have to buy much ...you are almost there bro