So most of us have been in awe watching the Bitcoin value climb. It's currently at $3840 USD! It's everything we've been predicting for years!
In about 24 hours it hit $3500 for the first time, $3600, $3700 and $3800 and it's making its way towards $3900!
The question is, is it getting over valued yet? Of course it's expected that we will see another major correction after this mouth watering rally. It's only logic. In a couple weeks it has climbed from $1800 USD to $3840! No one can claim that's anything short of insane!
Personally I like to HODL and won't be taking a profit. I'm just going to sit on it through the next correction, but many people like to take profit and for good reason!
So those are my two questions for you today...
Will we see a $4000 Bitcoin in the next 24 hours?
And is it overvalued?
As I've mentioned time and time again, the scarcity and demand will drive Bitcoin's price through the roof in the coming years all the same. There's no doubt. At the 7 year average daily rate of growth, Bitcoin should hit $250k by 2020 and that's just a start. Of course John McAfee predicts a 500k Bitcoin by then, or else he's going to eat his own dick on national television. LOL
Thanks for reading everyone! Don't forget to Upvote & Follow! :)
Here's my Bitcoin address! :)
It looks like this moon shoot is going to $5,000 and will place a medium term high around there. Many will be buying up there and caught on the wrong side for a while.
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It will hit the 4000 soon but also experience a sharp correction after that - the price rise was to fast which usually causes a healthy correction....
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Agreed
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5000 will be here before you know it. Might have a correction after we get there but my bet is we hover around 5000 for some time once we get there.
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Agreed! I feel like $5000 will hit in the next 2 hours. But we'll likely see the pullback we saw when it first hit $3000 in June. More opportunities to buy before the next rally! :)
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Hi my friend please visit my page and support me thanks alot
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Wow - almost there today!! Maybe we'll have 8-10K by the end of the year :)
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Thanks for sharing
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WOW Bitcoin is now at $3920 it is likely to cross $4000. God Bless.
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Probably in the next 2 hours ;)
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Nothing makes sense anymore. I keep telling myself to wait for the correction, but that was at $3250. Looks like a solid buy point in hind sight lol
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Man, that's basically how I feel about Bitcoin every day since I only started buying when it was at 1500.
Crazy to think that it already doubled.
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It wouldn't be overvalued that soon after a correction and at that rate. It wasn't much of a climb compared to historic rallies of Bitcoin. Now it's starting to heat up and becoming overvalued though.
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Should be soon, still undervalued considering most people still don't own it
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I'm READY!
Bring IT!
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Maybe John McAfee won't be eating his dick on live TV after all :P
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We just hit 4000!
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My opinion is that it is just a natural consequence of the ever growing volatility of bitcoin. The gains will be enormous, but when it start to correct the losses will be monstrous and come very quickly.
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I think he will cross the line and go further, to 5 thousand.
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Market sentiments is actually the cause of the demand for bitcoin and hence the rise
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oh yeah, in few hour to 4000$
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Wow. What an amazing trend! This is good news!
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Seems like it'll be hitting that $4000 mark today. To be honest I didn't expected it, in fact I betted against it (sold BTC at 3320). Soooo I'm missing all the action right now.
My only hope is a sharp correction right after.
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I want to buy some bitcoin, so while everyone is cheering I feel like it is getting more expensive every day. I just hope a correction comes soon and not just at the 12000 mark.
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I think maybe saying it will get to 4000 in the next 24 hours is maybe a little to optimistic. I would say within the next 48 hours just to be a little conservative. Although at the current circulating supply, if bitcoin hits $12,119.13, it will be the first mega cap cryptocurrency.
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Since you said that, Bitcoin has risen above $3934 USD :P
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These cryptos are so unpredictable.
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I am so excited to see bitcoin doing what had been predicted. It is still largely undervalued it should be at least 10,000 by now. Can't wait to see how it ends this year and what its value will be come 2020 :)
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Yup, it Done Dood It Man see this https://steemit.com/bitcoin/@richintucson/bitcoin-hits-another-milestone-at-usd4-000
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This post has been ranked within the top 80 most undervalued posts in the second half of Aug 12. We estimate that this post is undervalued by $16.78 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Aug 12 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.
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Thank you for your post !!!
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I wanna see Bitcoin die and another currencey as #1 - mave Ether or Neo. Don't you guys think the same? Do you think it stays #1??
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Another post is coming.
Will Bitcoin Hit $5000 USD In The Next 48 Hours? (Bitcoin IS The Mars!)
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4000 ! what a fantastic time to be alive !
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