Two months ago I wrote an article titled : "Next Stop For Bitcoin $5,000 and Beyond." Click here: https://steemit.com/bitcoin/@marketreport/next-stop-for-bitcoin-usd5-000-and-beyond-by-gregory-mannarino
Today Bitcoin broke $3,300 and again I will say it.. You ain't seen nothin yet!
It's funny.
The vast majority of people all over the world really and wholeheartedly believe in Fiat currency which are literally pieces of paper with numbers printed on them, like the US dollar and the Euro. People believe in them because they are issued by central banks however, in this modern age when a decentralized currency emerges these same people want nothing to do with it.
It really is insane, and I believe it is a kin to brainwashing.
As many of you know I am a strong believer in dollar alternatives like cryptocurrency, and I continue to get into conversations with people about it yet despite the fact that Bitcoin is surging higher against the dollar, they refuse to own it.
Keep in mind that it is these same people who will stay locked into a central bank issued currency and watch it fall in value month after month, year after year, decade after decade, and smile...
I have no doubt, as I wrote in that article 2 months ago, that within a very short period of time Bitcoin will hit my $5000 target, and then continue higher.
Gregory Mannarino @marketreport
Bitcoin is an invest not a dollar alternative actually, till people convert it in dollars it will stay a good invest but nothing more. Im pretty sure the 5000 will happen soon.
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This post received a 3.2% upvote from @randowhale thanks to @tournego! For more information, click here!
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to the moon
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and beyond
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I agree, we haven't seen nothing yet Greg. As cash looks for a safe haven I seen it flooding into BTC and to the moon it goes. Silver is on sale and BTC is going to the moon. Keep stacking the dollar alternatives.
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Well said , but it's surprising how many people STILL laugh at silver and BTC as if they are not worthy investments.
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Higher, higher, higher! (SLV GLD BTC LTC DASH STEEM EOS ... fill in the blanks)
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I think we will see a 5K Bitcoin by October!!! Thanks Greg for going on record!
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YES and you made a very good arguement for it , also many will be selling to take some profit also we upvoted and we will re steem too.
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To the moon!
But seriously, I would not be surprised to see 5-digit Bitcoin in 2018.
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How about Ethereum & Litecoin? Is there a better way to store Crypotos? Is Coinbase safe, to store, or is there another, safer way, offline? Thank You, Gregory.
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Will BTC drag STEEM higher with it?
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Greg, nice post. Can't wait till steeem hits 5k!
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I have some so I hope it keeps going.
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I wish silver would do the same thing
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It's a great idea and we'll see its progress over the next few days
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Hi Greg, I think I heard Peter Schiff say that you will be able to buy real physical GOLD with BTC through Gold Money. Have you heard anything on this ?? As always brother...you do a FANTASTIC JOB at keeping us all informed. Thanks and keep on STEEMIN!! Upvoted. :C)
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I would stay away from Goldmoney. The original Goldmoney used to be a great company. Under new management it is a company that lacks vision with frequent and sudden changes implemented without clear communication towards customers. Over the last year their stock price dropped by almost 50%! (TSE: XAU) A successful company would not see such an action in their stock kprice.
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I appreciate you response. Thanks. I'll do some further detective work on this. :C) Upvoted.
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I did a full review on Goldmoney. If interested you can check it out here:
https://steemit.com/money/@peak-au/goldmoney-no-longer-the-company-it-once-was
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I'll definitely check it out. Thanks. Upvoted. :C)
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well it's all an incredibly exciting (& electrifying) diversion as the world plunges headlong into deep climate change. Let's hope the mining rigs don't get too hot ! long live bitcoin and here's to a 50k price in 2018, quarter 3 or (4)
the gif is an original by me / mine but nobody owns that storm !
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Great post, Thanks for share!
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yes u was right ans i also think it will go to $5000 its market cap really goes to its high sir if its goes to 5000 then whats the next traget of btc @greg sir
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I believe Greg is correct. Clif High reports 1 bitcoin will be $14,000 sometime next year.
If you put Clifs forecasts together with Martin Armstrong's forecasts you can see $14,000 for 1 Bitcoin is not fantasy.
Martin Armstrong— ECONOMIC CONFIDENCE MODEL
From an economic viewpoint, the economy turned down Wed. Sep. 30, 2015 on a global scale coinciding with our Cycle of War on the international model.
We should see the economy turn downward into a steeper recession moving into Tue. Oct. 24, 2017, which is the next turning point on the Economic Confidence Model followed thereafter by Tue. Jun. 12, 2018.
Caution is advisable for it appears we should see an overall recessionary trend emerge on a global scale this time.
The critical political target on our Pi Model will be Mon. Oct. 22, 2018, where typically important political events unfold. Overall, this economic decline should continue into the next low of the Economic Confidence Model which will be due on Sat. Jan. 18, 2020.
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I bet TPTB is furious since they can't naked short cryptos ... LOL
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get ready
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I think there will be many forms of BITCOIN coming soon
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Hi Greg,
What's your take on the upcoming aicoin? An artificial intelligence algorithm trading the top 7 cryptocurrencies. Sound like a good idea to me.
https://aicoin.io?reference=Aventurier
Thank you for all your insights
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Great post. Love the information. Keep up the great work. Upvoted. Cheers
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The Deep State be like "HODL THE DOOR!!!"
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We know the fed is crushing the USD$ but when will it end? Its defintely oversold and something needs to stop the trend
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5k? try 10K my friend.
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Did you read the article???
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I sure hope it does go to 5k and beyond. Thanks for all your hard work Greg.
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I think your are right Gregory. I think we should put in as much as we can when we get those little retracements or corrections where were it goes down a bit for a short time.
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Great Post
upvote
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Great post, resteem
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Brilliant call and NO... we ain't seen nothin' yet! ;)
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I agree & find the same issue with my contemporaries. We are all in the 60 years or more so they think I am insane :-) I have listened to you and have become "my own central banker" moving my retirement into a gold backed IRA as well as stacking.....now cryptos....wohoo....
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@59-1/2 you can take physical possession of your gold in an IRA. why pay the maintenance fees and storage fees?
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Bitcoin started absolutely blowing up recently and I can't believe it has already reach $3300
The markets are looking healthy and stable with more and more money being pumped in
It's only a matter of time before it hits $5000
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We think alike! Upvoted!
My analysis nailed the recent Bitcoin Cash bottom and rally. Check it out:
https://steemit.com/@haejin
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Bitcoin is a fiat currency. It is not money. We only hope it will destroy the central banks and their policies of fraud and debt. But at the end of the revolution, bitcoin is only a currency and has no intrinsic value. Gold and silver are money and have value within themselves.
I don't disagree with you that Bitcoin can make the credit side of your books look wonderful, but I am sticking with some of your other great advice, to wit; GET YOUR HANDS ON ALL THE PHYSICAL SILVER YOU CAN!!!
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Bitcoin is currency not fiat currency. For it to be fiat currency it would have to be issued and backed by a government.
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Well then by that definition, Bitcoin is not a currency at all. For it to be a currency, it would have to serve as money and be redeemable for the money.
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It is redeemable for money and does serve as a currency.
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Who's money is it redeemable for and what is the standard unit of value of that money? And where can I go to redeemit at? Maybe it serves as a currency in some country, I don't know, but the county tax collecter does not accept them for payment here in California. They do accept federal reserve currency as well as lawful money.
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You can't pay the tax collector in money either you can only pay in fiat currency. I bought some silver from goldsilver.com with bitcoin, so it is redeemable for money(gold and silver).
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Actually, the tax collector will, and must, accept money (gold and silve coin) but only at face value, not fair market value or spot value.
What you did with goldsilver.com is barter with bitcoin. If bitcoin were redeemable it would be for the same amount today as when you thought you redeemed yours last time. No less and no more.
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Spekkin of the tax collector. How would you like to be the guy who converted some bitcoin to "king" dollars and then plowed it into a home purchase in the past month or so? 1 year from now his house will be worth 50% less than what he paid...plus he will owe the I.R.S. capital gains tax on his bitcoin conversion. At least he will be able to stay in his house (without paying the mortgage) for 2 years. :-)
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I need some more crypto... with a side dish of silver bullion... :-)
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Who will be laughing in the end, the dreamers or the mindless?
Just keep holding, people.
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Go up !! Go up !! Bitcoin ^^
thank you for sharing
upvote
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At this point, I do wish I had bought BitCoin in its early days... I'm sure there are many people thinking the same thing... It's at a point now, where I'm afraid of jumping in... I hope you're right about the $5,000 plus figure... I'm happy for everyone who's showing strong gains... Nice Post...
@pocketechange
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I wonder if steemit dollars will rise with bitcoin? Thanks for the great info Greg. - Troy
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I'm with you on that Greg, but the incredible volatility on the way is almost unbelievable.
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nice post
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Yes, you are calling it again!
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yes u was right and todays we see its proof in high price of btc u r always right and i agree with u always greg
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Come on Greg what happened we like when you present it
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$5k is looking more and more likely could well even happen this year
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Bitcoin is being SET UP. The cia/nsa, whoever, know full well how to hack it. The just waiting for the right time, and will utterly destroy it (prior to issuing their own DIGITAL World Currency).
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I wholly do believe that you are right about Bitcoin going exponentially higher Greg. The naysayers I feel are missing some very fundamental points about Crypto-Currencies as well as Gold and Silver. Primary among them is underestimating how very angry a large portion of the population is. with the introduction of the internet into society, (which I remember paying $2.95 an hour to connect too when it first started to be available publicly) the general awakening of the population to the very criminal games that are played by those in power and those who control the issuance of the currencies around the world is growing larger every year. The Every Day Joe is waking up to how the game is played and how they have been being suckered for decades. And They Are Pissed! The Enormous amounts of Ponzi Paper Money (Today's Wealth) is looking for somewhere to go outside of The Central Bankers System. They want they’re wealth to hold its value. And the very nature of crypto-currencies being limited in the amount of coins that will ever be issued guarantees that once all of the fiat currency that is going to go into it will stabilize and maintain its value over time. They cannot even manage to hide the smallest of criminal games that they have played for decades without scrutiny anymore. Example: Comex Gold and Silver Paper Scam, Libor Rigging, Mortgage Fraud. They have awakened the anger of a growing portion of the population. And I believe that anger is only going to grow and have people just turning their backs on the on the Money Changers who have gained so much off the backs of the everyday person. And I also believe the same thing is going to happen with Gold and Silver for the exact same reasons
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Thanks Greg. Absolutely!
Even the crypto alternatives with a toe in each market; for example, bitAssets like bitSILVER, bitGold, bitUSD, and the like. How about the HERO - a USD+5%-pegged crypto value proposition that is set to the value of a USD in 1913 appreciating at 5%pa - https://steemit.com/bitshares/@stan/the-hero-from-bitshares-island-5. And, and you can short your BTS into HERO... Who's paying 5%pa today collateralised with a 2:1 margin ratio? So many opportunities to diversify out of fiat.
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nice post Thanks For Share.
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This post has been ranked within the top 10 most undervalued posts in the first half of Aug 08. We estimate that this post is undervalued by $43.64 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Aug 08 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
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Thanks for the reminder in the post Gregory.
Can you or anyone here suggest the best platform to trade crypto's daily on ?
Thank you and be well...
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Yeah I agree it looks like brainwashing to me
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