Very Few Coins Still Green for 30 Day Change
It's pretty hard to look at the cryptocurrency market these last few days. BitCoin(BTC) is below $10k and even dropped below $8k briefly. It doesn't look like the drop will end any time soon. Of course, if you look at this morning's number, those who had fund available, could easily have made a 20% gain. But, over the last 30 Days, most would still be in the hole.
But, don't fret, my cryptocurrency trader friends. Just remember that 30 days ago, we were coming off of some crazy high numbers. Things will settle down and then we'll be back on track for those moon launches.
Even John "I'll Eat my Dick" McAfee wants to remind everyone that he's still bullish on crypto with this Tweet.
If you look at my article Can BitCoin Hit $1,000,000 by July 2020?, you can see BitCoin's yearly performance.
BitCoin did have 1 negative year and then returned back to good gains. But, we have to remember, that was before BitCoin and the cryptocurrency market was as big as it is now. So, when BitCoin rebounds, it could move very fast up, along with the rest of the market.
A 1000% gain for this year is still in the cards. Does that mean BitCoin will only be at $80,000 by the end of December? Maybe. But, even still, it would still be on track for hitting $1 million by the end of 2020.
Old numbers
- $182, 864 by the end of 2018
- $2,011,504 by the end of 2019
- $22,126,544 by the end of 2020
Based on $8500 (rounded down current price), which gives a gain of around 785.42% gain from the previous year.
If we go with a 700% gain:
- $59,500 by the end of 2018
- $416,500 by the end of 2019
- $2,915,500 by then end of 2020
If we go with a 500% gain:
- $42,500 by the end of 2018
- $212,500 by the end of 2019
- $1,062,500 by then end of 2020
So, as long as BitCoin increases by 500% from the current price, John will win his bet.
Let the positive energy sing!
More Power to the Minnows!!
Trading on Bittrex and Binance
HODLin’
Stellar Lumen(XLM) -- Cardano (ADA) -- Digibyte(DGB)
Thank you for the free knowledge.
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Good stuff brother............. up-voted! ;)
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While I might not trust John's judgement 100%, it does seem that he's got a point about the price. ;)
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The only real number we need to look at is the amount of people exchanges are signing up.
As Clif High says we are going from 1-2% to about 13% adoption. If they even buy half of what we have, the prices will be through the roof. And, I doubt they will buy that little.
Plus hyperinflation is here. Assets, anything with any "real" (perceived lasting) value will go to the... it will blast past the moon and be on its way to mars.
So, I agree. If I dealt with that green paper stuff, I would buy more cryptos right now.
Just don't bet your house on it, because cryptos can stay insane longer than you can stay solvent.
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Once the Korean markets are sorted out, things will start jumping again. When more coins are accepted for purchasing everyday things, then things will get really hot. But, we need to get past the FUD of the last month.
I haven't checked Clif's predictions on coins lately. I was easy for him to predict it going up when that's all it did.
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I find "The Three Amigos" to be the best of Clif's talks on cryptos. With Bix Weir and Jsnip4.
He gets talking with two other guys that really know what's happening in the crypto space and the FED space. And you learn more from the friendly banter and exchange than anything else.
https://www.youtube.com/watch?v=VJqfGGk468c
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Massive dip without clear reasons = Hodl and load more :)
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Well, some of the FUD was clear. The Korean market issue and the bad ICOs.
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Let's just hope the incoming bubble doesn't pop right before 2020 otherwise I feel sorry for the guy.
Me thinks now maybe a good time to pick up some Ripple (sold it all off already) again and some Cardano. Heads over to Bittrex
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I need to start figuring out ways to earn other cryptos without mining or filling out useless surveys.
What's that? ReddCoin can be earned on MineCraft. Hell, I don't need to sleep.
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So apparently I should have a Whale vote on my calls as well. Even with the hole of the market losing hundreds of billions of dollars this call a month ago is still at ~2x my original call.
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Nice one.
No, they would rather vote on MEME's or something else.
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Are you mining anything currently?
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Nope.
I think I spend enough time on steemit as it is. LOL
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Every exchange wallet for SmartCash i've seen has been down. I was pissed because I watched it rocket to $3000 one night and couldn't get it on the exchange to sell. I'd have over 1000 Smart buy now if I could have caught that pump >< that happened right before my eyes.
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How do you earn Reddcoin on Minecraft? My kids are on there for hours building cities. I will put them to work.
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ReddCraft
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ReddCoinMC Twitter account
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So, ignore the GitHub, use the server url in the Twitter account.
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I think John is wrong.
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He could be.
But, since we are all in crypto here, we are hoping he is right.
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I like steem, sbd and ethereum but I'm not sold on bitcoin.
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It doesn't matter which one you prefer.
At this point, if BitCoin hits $1 million, others will do the same, come close or go further.
If BitCoin goes to $0, so does rest of the market.
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If bitcoin dies something like ethereum won't lead the way forward? I think steem could survive the death of bitcoin.
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At this point in the game, I don't think so.
If BitCoin dies, the rest of the cryptocurrency market dies with it.
If one of the other cryptos was in the position to be the crypto-savior without BitCoin, it would have a 6 month high right now.
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It seemed like ethereum had gained on bitcoin although ethereum did really tank lately even more than bitcoin.
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Your predictions for BTC was so similar to mine that i decided to follow you.
My own predictions are not based on anything other than wild guess but you have at least done some thinking & calculations. LOL
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...but mostly gut feeling guessing. ;)
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