Bitcoin is seeing some nice spikes here the last few days however we have seen this about a month and a half ago and dived right back down. The true point for me till I know we are on a real bull trend here will be about $11,500 where we start to recover some of those heavy losses from the start of the year.
However Bitcoin is not the only one making headlines cryptos such as Bitcoin Cash, EOS, IOTA and as much as I hate to say it Ripple have been hitting double digit percent gains.
What might now be unattractive to bitcoin is that even if we went back up to our 20k levels your only seeing a 140% gain on your investment. Yeah only lol while another currency such as any of the above have the potential to be in the thousands. It makes you wonder where the money will go this year. Will more conservative investors come in and flood bitcoin as they know its a pretty sure bet? Or will they poor into another currency for a high risk high reward. My money so far still sits on bitcoin as the major money injector into cryptos.
"Bitcoin Cash, EOS, IOTA and as much as I hate to say it Ripple have been hitting double digit percent gains."
I really want to see STEEM in that group but it seems we can't go past 3.10$.
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It might December saw it at about $10-$13 per which to me was crazy high lol some say we should be near $100 levels
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I only have 60 SP and I would be fucking psyched for STEEM at 100$. I can't imagine how the people who have a lot invested here would feel if we reach that level.
There will be lambos everywhere on here lol.
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It's good to have our beloved Bitcoin on this spike but wait the experts who are in this Bitcoin. Thing from more than we know are worried about these spikes .we have seen that 1000$ spike in 30 minutes in the last couple of days back .so again this spike happen .so many of us are still thinking that it's a bull trap from the big players .
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This is just a taste for what is to come. When we break past the ATH market cap of $830B+ I will be excited about institutional investment again :P
Until then I still consider this a consolidation period for the market. Tomorrow we could be all red!
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you are the perfect person for me to follow the development of bitcoin .. nice work father ,,,, regards from @andisa
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Sir, thank you for posting the news about bitcoin cash, EOS, IOTA, I am very happy to follow your outstanding postings ..
@ wendi12
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darn, was hoping you had a chart in here, so we didn't have to open one up ourselves, but we're just lazy!
$10,995, here we come!
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Sometimes rumor about Cryptocurrency makes volatile the Coinmarket that we have seen recently a bearish trend in market value of different coin.
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Coins mentioned in post:
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Haha, completely with you regarding the Ripple gains! - I don't see problems with the gaps in gains with the mentioned Altcoins as compared with BTC as there are better ways to change into BTC, of which I still think it will rise its value massively during the coming years. - Thanks for your analysis!
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Resteemed your post
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Honestly, I'd rather see Bitcoin's price stabilize instead of getting some sort of crazy pump. Let the other coins be the next "get rich quick investment".
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Good..This rally wouldn't end..
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