RE: Day 19: Thoughts on Bitcoin forks and the new bubble

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Day 19: Thoughts on Bitcoin forks and the new bubble

in bitcoin •  7 years ago 

Do we see a correction to this 5700 price?

bitcoin
7 years ago by

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      ·  7 years ago 

    After a small correction to 5300, today the price got to a new ATH of 6000. So what's next? Here's an interesting TA:
    I came across this interesting post, https://medium.com/@pterion2910/bitcoin-pump-thoughts-9b76219ee390

    According to this a safe exit is at ~10k, but the price may arrive to 12k, and top even 17k. I think the safest strategy is to take some gain out as the price go up. Keep in mind that, FUD may arrive any time, and the price can drop at any moment regardless the technical analysis. So hold, don't panic sell, and play safe.

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        ·  7 years ago 

      Here's another very interesting point of view: https://twitter.com/cryptopicasso/status/923703099419648000

      If Bitcoin follows the pattern of Gold as it did until now, we should see ~$10K in November and a 50% correction immediately after.

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          ·  7 years ago 

        This post deserves an update, so here I am.

        Bitcoin is at 11K.

        Many good news:

        • CME's future on December 1st
        • Novogratz and other investors optimistic prediction of $40K next year
        • Nasdaq coming up with futures in Q1
          ...

        $15K is at the horizon and it may arrive before the EOY. Everything looks so bullish that in 2018 we may see a 1 trillion market cap. What to do when that happen.

        Let's do some risk management with your portfolio, several corrections may happen, and although we're still strong bullish, there will must be a reversal to a bear market, even for 1, 2 or even 10 years, a bear market still don't exclude Bitcoin long term vision of global adoption.

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            ·  7 years ago 

          Board diary, December 6, 2017 - Bitcoin is trading at $14.900. We reached the $15K from Masterluc prediction.

          He also predicted 40k - 110k by 2019. So brace yourself!

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