$5,000 Bitcoin? Last Chance to Buy Steem Cheap? $100 Billion Cryptocurrency Market Cap? Altcoins Selling to BTC?

in bitcoin •  8 years ago 

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Is this the last chance to buy STEEM before the price spikes? Will the Bitcoin price reach $5,000 or $10,000 before it drops and bring the cryptocurrency market capitalization to over $100 billion? Are most altcoins starting to sell off into BTC? Would you watch this video from YouTube or read the summary in this post here to view my opinions based on the data I see and contribute to the discussion about what you think will happen next in the comments?

The Bitcoin price reached a record high of over $2,700 today May 25, 2017! Meanwhile, most of the alternative cryptocurrencies dropped anywhere from 5% to 15% in the last 24 hours which I think is signaling the ceiling for the altcoin bubble. SELL is my recommendation for nearly all the altcoins at this point with holding Bitcoin providing risk of a drop and a potential reward of doubling or tripling itself in value as the altcoins sell.

That said, I WAS WRONG about selling Bitcoin before at $1700 and about selling my Dash masternode at $87 when the price was $150 yesterday. My own advice allowed me to miss out on earning another $50,000+ in profit WHICH I AM OKAY WITH because there is always more money to be made. Trading crypto can be an addiction because of the constant need to get gratification from making more money and the huge hangover when the high wears off into fear resulting in desperate selling measures!

Learning when to sell and accepting missing out on potential gains in exchange for peace of mind has been a big challenge for me. I am grateful for the $75,000 I did make from buying Dash at $10 to $11 originally. Selling my Dash allowed me to discover STEEM which appears to not have been fully carried away by the bubble.

STEEM is still an amazing buy and I will give you a little more time to buy it while it is low before I start promoting it relentlessly which I think will help to bring the price up 10x within the next 10 months. For cashing out of Bitcoin and other altcoins, I think now is the perfect time to put Bitcoin into STEEM before the speculators pump it up! If the price keeps dropping on STEEM, I am going to keep buying and buying anyway because I believe in our community! I currently have 2.5 Bitcoin of buy orders waiting on STEEM if it goes down after buying everything else I could to power up my Steemit account already as seen at https://steemd.com/@jerrybanfield.

How crazy has this cryptocurrency bubble been? 2GIVE, 8bit, AMP, Aeon, Antshares, Apx, Aragon, Ardor, Ark, ArtByte, Augur, AuroraCoin, BURSTCoin, Bata, BitBay, BitBean, BitCrystals, BitSend, BitShares, BitcoinDark, Bitswift, BlackCoin, Blitzcash, BlockNet, Boolberry, Breakout, Breakout Stake, Byteball, Bytecent, CLAMs, CannabisCoin, CapriCoin, Chronobank Time, Circuits of Value, CloakCoin, ClubCoin, Counterparty, Crown, CureCoin, DT Token, Darcrus, Dash, Databits, Decred, Diamond, Digibyte, DigitalNote, DigixDAO, Dogecoin, DopeCoin, Dynamic, Edgeless, Einsteinium, ElectronicGulden, EmerCoin, EnergyCoin, Ethereum, Ethereum Classic, EuropeCoin, EverGreenCoin, ExclusiveCoin, Expanse, Factom, FairCoin, Feathercoin, Florin, FoldingCoin, GBG, Gambit, GameCredits, GeoCoin, GlobalCurrencyReserve, Gnosis, GoldCoin, Golem, Golos, GridCoin, Groestlcoin, Gulden, Guppy, HackerGold, HempCoin, Humaniq, I/OCoin, IDNI Agoras, Incent, InfluxCoin, Internet Of People, Ion, Jewel, Komodo, KoreCoin, LBRY Credits, Legends, Lisk, Litecoin, Lomocoin, Lumen, Lunyr, Magi, MaidSafe, Melon, Memetic, MonaCoin, Monero, MonetaryUnit, Musicoin, MyriadCoin, NAVCoin, NXT, NautilusCoin, NeosCoin, NewEconomyMovement, Nexium, Nexus, Nubits, OMNI, OkCash, ParkByte, Peercoin, PesetaCoin, PinkCoin, Pivx, PotCoin, Project Decorum, Quatloo, Qwark, Radium, ReddCoin, Ripple, Rise, RubyCoin, STEEM, SafeExchangeCoin, SaluS, Sequence, ShadowCash, Shift, Siberian Chervonets, SingularDTV, SolarCoin, Sphere, SpreadCoin, StartCoin, StealthCoin, SteemDollars, StorjCoinX, Stratis, Swarm City Token, Syndicate, Synergy, SysCoin, TRIG Token, TokenCard, Tokes, TransferCoin, TrustPlus, Trustcoin, Ubiq, UnbreakableCoin, Unobtanium, Vcash, Verge, VeriCoin, Verium, Vertcoin, ViaCoin, Voxels, Waves, WhiteCoin, Wild Beast Block, Wings DAO, Xaurum, ZCoin, Zcash, Zclassic, eBoost, iEx.ec, and vTorrent almost all have seen massive price rises recently with most so far out of their previous market capitalization a correction to the average and true value seems nearly certain. While some might maintain two to five times as much value as they had before, almost none are likely to stay at 10 to 100 times the value where they were previously and are often close to today. ETC is a great example blasting up to almost a 2 billion dollar market cap yesterday when it has been around 100 million at most for the last year. Note that I put all of these in by name to maximize organic search traffic to this post!

Thank you for reading this and I hope you found it helpful! Would you please upvote this if you would like me to make more videos like it?

Love,
Jerry

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Big Fan of your Videos! You made me a fortune... Because of some of your Wisdom, I was able to accumulate 1.5K USD worth of Profit in order to save for my Education! Appreciate the Motivation you put into spreading awareness about Cryptocurrencies that you personally believe in. If you need guides on to get started, check some of my old post! If you have any question, especially about Markdown editing, just let me know in comment and I'm more than happy to help you out! Great to have you on Steemit now

make that money Jerry

heyyyyy must be the monayyy!

You're an asset to the community @jerrybanfield the way you explain and promote steem can really drive its price to all time highs. Keep it rocking man! I love what you do.. Will be watching more of your posts

Do you have an advise on how to best advertise Steemit.com platform on Twitter, Facebook, and other?

Thanks. Following now

followed you

i am just loving your videos! woo hoo! i have no idea what to think in all this... I def believe all is going to insane highs by say... 2020 even but we may see some serious dips and rises and dips and rises in the mean time. in any case... buying is good decision...i think no matter what in the long term, gains will be made on a serious level.

You're right. Steem will climb at least 20 times.

  ·  8 years ago (edited)

Jerry. This is awesome. I follow you on Youtube and just signed up for this steemit account thanks to you. I also am buying steem on your recommendation. Keep up the great work! Mike

Mike thank you very much!

Jerry I found out your secret. Yes.

your posts are awesome

I like the way you present information based on your deductions. Solid stuff. Keep on Speaking from the Heart...You're at the heart of the Matter. :)

Steem On Brother, The Dream is Live.
Got to Be Awake to Steemit it.

Keep Steem'N

Just watched this on Youtube haha. Thanks for posting @jerrybanfield! :D

Thank you for this helpful post Jerry! Already hyped for the next one :)

As long as Bitcoin can't process all the transactions in timely manner, people can see that it sucks. That's why I suspect that more money will flow to the altcoins. If Bitcoin can't function like a real currency, it will die off eventually when people move to blockchains that actually work.

Altcoins are so volatile and the price fluctuates like a yo-yo based on incoming news and hype e.g Ethereal summit and Consensus. If you don't have the stress appetite for it, just hodl Bitcoin and Ethereum.

Just subscribed to your youtube!

You can sell your course straightup on steemit for steem or SBD. You students can join steemit and earn enough to pay for your courses etc. Loads you can do on steemit. You entire venture can happen on the steem blockchain and the knowhow to make it happen exists even among steemians!

"Let it go, LET IT GO!!!" - Jerry 2017 :D


Lots more to earn yet. And to me it is way more than just profit, it's the freedom and security of crypto.
Images: 1

LOL!

Keep up the high energy Jerry. And thanks for helping the Steemit community with your dedication and enthusiasm ;-)

Really good post, keep it up! :)

are you pumping this one??
:-)

@indepthstory

I will just hold my altcoins since I really believe in them. If the Price drops alot I will buy some steem for sure.

WOW..... can't believe the price of Bitcoin.... but cryptocurrency is the future
and STEEM will be right there :)

I just love the way you talk, you speak very clear and makes it so easy to understand even for a crypto newbie like me 😀
If you only had about $200 to invest you would put it into Steem right?
Thanks!

Definitely @stefanarud with $200 to invest I would put it all into Steem because I am doing that with everything I do have to invest! What I think makes a great investment is feeling good about losing it. If I lose everything in Steem, I will be sure I invested for the right reasons and accept it as I tried my best and it did not work out. If I invest just to make money without believing and lose, then that hurts.

Thank you for the quick response 👍
I think I already knew the answer but feels so much better to hear you say it 😀🙂

For sure i truly see this happening man your on point!

great video glad to find and follow you..

Nice post, one has to think there is something to the bitcoin move up and the altcoins down (pretty much all major altcoins)...I am bullish of course in the long term for all major coins, but in the short term, given the massive move in altcoins in the last 60 days, one must tread carefully. Thanks for sharing and welcome to the community!

Your evaluation is in USD terms. I think in the future people will be evaluating prices in Satoshi. The US dollar might be in trouble.

Keep up the good work - there are a lot of hopes and expectations resting on your shoulders; you've got the reputation that everything that you touch turns to gold...

I see you've quickly settled in and made yourself comfortable :]

It is always a gamble when it comes to any sorts of investment, you never truly know for sure what's gonna go up and what's gonna go down for certain. Anyways, I do also think STEEM might still go up, and I hope your predictions from your previous post will turn to be correct because I do like STEEM and I do believe it is going at a fairly good rate.

Great post by the way, looking forward for more from you!

Hi Jerry, absolutely loving your videos, a wise man thats for sure. I have taken heed and sold most of my altcoins and buying up STEEM as we speak! I am going to begin writing my own posts, If you can provide advice on crafting decent posts that would be truly appreciated, all the best.
P

Sol thank you for suggesting I write a post on how to craft the best story! I started an Evernote list with Steemit post ideas and will write this soon!

Cheers Jerry! Most of my crypto decisions are influenced by you. Keep up the quality content mate!

Cheers Jerry. Having seen your recent videos on youtube I could tell you were hinting at Steem. What you said about the current marketcap being below previous highs is really critical here. While almost all coins are at all time highs (cough, in a bubble), Steem has been 3x higher before and yet the technology and the community are stronger than ever.
I agree that these are very good signs that Steem will not only survive the inevitable coin crash, but continue to thrive.

Wow awesome, the higher record of bitcoin

JERRY! Genius, my friend. I have been disliking those black bars above my youtube video thumbnails on Steemit. You solved it. I just post the picture first and then the video. Thank you!

Great post. It's crazy (and awesome) to watch all of these crypto-currencies take off.. Every day you can go to coinmarketcap.com and see a coin in almost 100% green. I can only wonder where it will all be in 5 years!

I know jerry you will nail it...keep going brother!!

Very Funny Jerry I can see you're very excited by the MAGNITUDE of spectacular growth.. Just to add a cointerpoint to your expert advice. ! what about if you just held your altcoin and watch as the phenomenal updrift of Buttplug... I mean Bitcoin carries the coins & their market caps into a new stratosphere. I mean wouldn't you be sick if you dumped all your other altcoins into bitcoin today and watched it float back down to $1500..because we all know as it does this, flow of Madness ( it is literally insanity personified by button clicks) will filter back into the lower value coins.. I'd be very surprised if the likes of bitshare, bytecoin, ripple and doge don't continue to grow into rather large potatoes when Jo The Public gets involved and wants a piece.. Jo Public will be putting his and her bets on buying a few thousand coins at pennies each, hoping to turn $500 into $5000.. anyway just my 2 penneth worth.. keep truckin Jerry & have a coffee to calm your nerves up.
(ps) did you see what I did there with counterpoint) not bad eh !

p.p.s I'm following

You're right there is no way to know what will happen for sure and everyone's guess is equally as valid because anyone could be right regardless of what the odds look like today!

that's the spirit ! only a true pro could say that with ease ;)

belo artigo

Great post. Reminds me of a friend of mine who kept lamenting about not buying Amazon back in the day. I have since introduced him to crypto which in my opinion has dozens of potential Amazons on any given day.

Love what you do my man

all i can say is WOW !!!!!!!!!!!!!!!!!!!!!!!!!!!!!! and thank you for your post

  ·  8 years ago (edited)

Thanks Jerry
for turning this into a learning experience for all of us by being honest and open..

Thank you
-A


alt text

Jerry Found out your secret. Cool

Nice content as always!! I like crypto overall but I can't stop thinking about the dot com bubble. Bitcoin will keep on rising, god knows for how much longer, before it tumbles. Personally I believe it has enough space to go further up. As for buying an altcoin for the long term I was never a fan of investing, I like having 10%-20% profit or 10%-15% loss per trade consistently rather than 10x-100x on my money after a long period of time.

I agree with your advice. Great video.

thanks for such a great info.

I think we're more likely to see a decent drop, before we break $3K. There's too much Bitcoin hype right now. We've seen some mainstream coverage in recent days which often coincides with tops. Some good insights:

.

great post jerry.
should I sell my ripple?

Honestly I don't know for sure! The data seems to indicate that the price of Ripple will fall significantly after the gigantic price increase back to a more reasonable level but it might get another upsurge first!

Jerry I found out your secret.

Nice work!

thank you for the post, i am your big fan

Thanks for the video. It was the first time that I watched your videos and you explain things very well! I think you just insist too much on "that coin that coin that coin" :P

5 Days Ago Bought your university Jerry, nice tutorials.

I just upvoted all of your steemit posts and videos and i subscribed to your youtube video! PLEASE let e know if i can pay to be featured in your new steemit ad youre gonna blast over facebook and youtube!

Thanks Jerry, the current price does seem very reasonable for what it does now and the pure potential it has for the future. I think so many people just don't realise this potential yet! If the price does drop a fair bit then it will be an absolute stuff every pocket you can opportunity!

  ·  8 years ago (edited)

It's a bit like the 4 minute mile, they said it could not done until Roger Bannister showed everyone how and in the following months others did too.
There is so much fiat money created into debt it can never be paid off. A certain amount of belief and recognising that the old money system is long overdue for retirement. It's not a question of if the blockchain will replace fiat currency, just when.

Nice update as usual Jerry, u have been quite convincing on your videos as per the Steem crypto and i surely want to invest..Please could you advise on a suitable wallet to store the STEEM coins longterm, as i do not want to store it on any exchange.

Love your videos Jerry, keep them coming!

jerry, i believe bitcoin may hit $1mil a coin by 2020, its bitcoin atm machines that are out there more people are using them in their stores now and by then

HaiJerry, I found your videos today, Great work.

Hey Jerry, I think your videos are awesome! I have a feeling this year is going to be a crazy exciting one :)

its not in a bublle, given this rule.. the last 50 percent of gains are made in the shortest time frame.. So we did not see a run from 2k to 3k above which would have signaled this.. we saw a run from about 2.25 k to 2.75 only 15 percent gain. We have more to move.. typically bitcoin 10 folds each time it bubbles.. Read this article for a better idea and understanding on transitions or exponential moves -- https://steemit.com/litecoin/@danlupi/market-over-heated-what-to-look-for

I agree bitcoin and a few other coins are in a bubble. When any asset goes up that fast "hold onto your butts".

5K Bitcoin sounds reasonable

Thanks for the info jerry.

Your Best Post so far in your young Steemit journey! @jerrybanfield
Your on a Roll...

100% upvote on that one Jerry! I hope I am right in guessing the coin right ;))) good luck with the marketing!!

verry nice video

Love your content Jerry, I gotta say, listening to one of your video gave me the best advice for investing in the cryptocurrency! "Do not try to beat the market!"
At first, I was trying to follow the up and down and making profit on high and low... some worked but let's be honest, this is exhausting and most of the time, I would've made as much money hodling coin for 1 week instead.

so thanks for the advice!
Looking foward your next video!

Jerry You are good
Ride On

Just i saw that you are also a fresh member in the steemit movment and you made it man that a proof ..nothing is impossible !
+1 & love
kaiyo

  ·  8 years ago (edited)

I'm new here but I'm learning a lot every day thanks to articles like this. Great article and video, thank you, @jerrybanfield.

100% Upvoted and subscribed.

@deimus

good post

it seems like you know what your taking about. Im gonna follow

Jerry, I've started to follow you. But i don't understand how are you related with steem?? Are you owner, work there or smth? Thanks for answer

You're killing it @jerrybanfield. Your enthusiasm is contagious.

Great discussion point. Good to see I'm not the only one who thinks like this. There's a lot of exchanges out there. I found that coinmarketcap.com gives quite a decent overview. Besides coinmarketcap.com there is: https://www.coincheckup.com I'm really happy with this site that gives complete coin analysis for every single crypto. Check: https://www.coincheckup.com/coins/Steem#analysis For a complete Steem Report

Fine post. Good to see I'm not the only one who thinks like this. I strongly advice people to only buy in to cryptos that have a solid background: A solid team, product, advisors, preferably VC investors, etc. Sell all cryptos that don't have this solid background. It's a waiste of money. Besides coinmarketcap.com there is: https://www.coincheckup.com An amazing crypto research site. They researched every single crypto out there. This is truly great.

Very good article. I was about to start a similair discussion. How much do we actually know about a coin. It's surprising to me people invest in cryptos that they know nothing about. I really advice people to take a look at: https://www.coincheckup.com I'm really happy with this site that gives complete coin analysis for every single crypto. Check: https://www.coincheckup.com/coins/Bitcoin#analysis For the Bitcoin Indepth analysis

Good article. Good to see I'm not the only one that is thinking about this. I strongly advice people to only buy in to cryptos that have a solid background: A solid team, product, advisors, preferably VC investors, etc. Sell all cryptos that don't have this solid background. It's a waiste of money. Does anyone know about: https://www.coincheckup.com I really missed a platform that analyses every single coin in depth but this site gave me all the answers.

Interesting article. Good to see I'm not the only one that is thinking about this. There's a lot of exchanges out there. I found that coinmarketcap.com gives quite a decent overview. Do you know this interesting site? https://www.coincheckup.com The site that lets you check all there is to know about the team, product, communication transparency, advisors and investment statistics on every crypto.