Bitcoin Trend / Is It Possible to Hit $3,500 This Year !!!

in bitcoin •  7 years ago  (edited)

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 "We believe this is just the beginning.” 


As the supply is limited and demand is increasing, prices are moving upwards and touching all time highs almost every year. Bitcoins represent a new investment category called digital assets. This industry is exploding in usage and innovation. We believe this is just the beginning.

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Bitcoin has continued to maintain stability in the $1,700 region for around two straight weeks.
Such stability in value should be considered as an optimistic outlook on the mid-term growth of Bitcoin price.

Most Bitcoin Exchange Executive Says The BTC will hit $3,500 This Year!!!
What You think?

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@lordoftruth
Upvotes, Resteems and suggestions are highly appreciated

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BTC will go up for sure.
People around the world are waking up to the Centralbanks FIAT Ponzie scheme and start to find ways to bypass/avoid that in huge amounts.
God and Silver that IS the real safe heaven since 5k years has been mocked for so long time now by ALL mainstream media experts that BTC (and alt coins) has been a safer safe heaven ... People will wake up to that lie too by time.. But first will crypto currency become the safe heaven from the centralbank FIAT currency system.
Expect 3k or more by the end of the year for a single BTC.

Bitcoin trend looks promising on this judgement. Dollar Vigilante predictions are always on target. check them out too.

It's definitely possible but I'm very skeptic...

Reaching a high of $1890 was sure to bring volatility and the following correction.
Many traders this past Friday predicted the price to drop lower into the $1400-1300s.
The downtrend has led to a slight comeback into the $1700 range, which is an excellent sign for global trading markets. The possibility of approaching new all-time highs is still probable in the near future with the way bitcoin’s price has been trending.
Bitcoin buying pressure is keeping the price above the $1700 range, and a bigger push could get the value back into the $1800s. Volume is a bit lower than the past two weeks with $700 million traded daily so exhausted traders are likely resting and watching on the sidelines. Many people agree the subsequent dip after closing in on $1900 wasn’t that bad as the price was destined for correction after moving so fast.

As much as people want the price to go up, and I do hope the price goes up, there is something to be said for a stable price like gold, silver, and the usd. Thanks for sharing this reminder of it's recent stability.

Thanks for support
Gold can still be considered as a safe haven asset is quite unclear.

A Bitcoin investor who purchased $10,000 worth of Bitcoin in 2010
would have earned $200 mln.

A Gold investor who purchased $10,000 worth of gold in 2010
would have experienced a negative return of $9,981.

Volatile. But where do futures and options come into play. I first got into trading by watching TastyTrade.com which guides people to invest in legacy markets and forex using options. The markets are slightly less volatile while still allowing investors to grow their funds. We'll see how this year all shakes out. I've been seeing some SEC papers on BATcoin lately. Trump's cabinet has BTC supporters. So it will be interesting to see how the governments engage Bitcoin during this presidency. Thanks again for the post.

For a long time I predicted bitcoin would hit $4,000.

Good..
Thanks
followed

  ·  7 years ago (edited)

Thanks for the post LordOfTruth. Yes... my analysis yesterday saw a possible $2,500 USD soon 3,500 this year is entirely possible. Check out this other post about $2,000 equiv USD already hitting on some foreign exchanges in India and Korea...

https://steemit.com/bitcoin/@kingscrown/bitcoin-in-india-and-korea-at-2000-usd-will-world-follow

Do you or anyone have any good links showing people running the exchanges saying this? Thanks.