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RE: Bitcoin Could Reach $25,000 Soon / EOS Scam? / Blockfolio Snooping Portfolios / Dash Roadmap / More!

in #crypto-news7 years ago (edited)

Thanks for the vids. You put a lot of work and energy into them. Unlike 2013, the underlying global fundamentals is still bullish for bitcoin as a hedge. The fundamentals to look for are national inflation (High), Interest Rates (Very Low), National Stock Market (High), Real Estate Prices (High), Bond Market (Bi-Polar), Price suppression of peculiar commodites (gold, silver..), growth of social/government programs, and national debt. All these factors are so abnormal. Until at least 2 of these factors are resolved (and I'm being very considerate to the US), I very long on the decentralized cryptos.

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Thanks for the vote!!! Imagine the price of Litecoin if Bitcoin hits $25,000. Given their current ratios, the math says Litcoin (LTC) would be at x = $400.00!!! Calculation is [(40)/(2,500)]*25,000. However, I think $400.00 is extremely conservative for Litcoin. Even LTC at $40.00 at its current price is still too low.

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