Remember: In the final era of BTC under $5000

biasnarrative (51) · 7 years ago

I often wish I had invested back in 2011 when I looked into it in highschool. Now I am mostly invested in ethereum but I have money everywhere.

I do see a huge correction in Bitcoin coming. Although I did buy some today hoping it will go up again. I like to HODL. regardless of it going down, imagine it how the economy works.

It constantly goes up and down up and down. But continues to have the next peak higher than the last, and the next low higher than the last.

Don't sell out of fear.... Hold on for dear life.... And wait till the fear subsides.

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9 votes

stefanmoe (49) · 7 years ago

No Sir, I disagree! BitCoin moves in boom-and-bust-cycles. The spike we have been seeing throughout the summer will very likely lead to a major 20% to 30% correction towards the end of the year.

Those buying right now are very likely to sustain heavy temporary losses. The perfect opportunity to buy into BitCoin should come at the end of the correction which could go as low as $3,600 as sources like CNBC predict.

Hope this piece of advice helps some people out there find the perfect price point to get into BitCoin.

Cheers and steem on!

Stefan

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4 votes

thoughtchain (47) · 7 years ago

Hi Stefan -- I always respect opposing views. I'm certainly not predicting that the volatility in BTC will be over (in fact I expect it to increase) -- nor do I believe that it will never be substantially below $5,000 in the coming months. But Bitcoin is unlike any other investment in the history of mankind -- for too many reasons to list here in a reply...

But consider:

First ever chance to send wealth to anyone on the planet without the involvement of any intermediary
Fully decentralized unlike newer alts
Mass adoption just in the earliest phase -- now anyone can buy bitcoin on your phone (very different than even 2 years ago, let alone 9 years)
Less than 2% of the world population has even heard of Bitcoin and less than 0.2% have ever invested.
People who have invested aren't going away, but others are coming in, and
There's a finite supply -- demand with a hard-coded supply unlike we've ever seen.
Fiat? -- virtually none of the above.

Good luck to all -- and yes, only invest what you can afford to lose.

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meyrep (49) · 7 years ago

Looks like Clif Highs' webot report is right on the money again. BTC's price is soaring and it could easily pass the $6000 mark before another correction kicks in.

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3 votes

nomadinsoco (58) · 7 years ago

crazy to think it was like $400 last year

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nisiryan0522 (44) · 7 years ago

i hope it will reach $10,000.00 up to 13,000.00 next year..

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aarcee (49) · 7 years ago

Just a stone throws away the 5000 target... Bitcoin rocks :-)
I publish my daily trade diary and chart (BTC/USD) in case you would like to follow...

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3 votes

hellvetica (42) · 7 years ago

We're all going to kick ourselves for not investing earlier

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lisitskiy (35) · 7 years ago

By the end of September bitcoin will go up in early October $ 5,000. By the end of September bitcoin will go up in early October $ 5,000. Similar was the case in July.

emilyberrett (12) · 7 years ago

I have followed you on Steemit, please be kind enough to follow me as well.

depot-boost (37) · 7 years ago

I like your positive attitude. 5000 $ and to the moon- soon. Thx for this post

akinsworld (25) · 7 years ago

I also wish i had got to know about bitcoin right from 2010 and buy like $1000 value back then, i would have been able to afford a house now @ Miami or Dubai.. Bitcoin is rising but i think we should also take note of other ICO's coming up gradually. BIT-CONNECT Coin was less than $1 a year ago and now, it's over $100. Imagine what you would have now if you invest $1,000.

The time is now is get cyrpto investment education and investment. you'd be glad you invest now in the next 5 years when you look back and smile.

In Nigeria, a lot of Young men/Women are already millionaires because they invested early, the next election might see many of them coming on board because they now have the resources.

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ycz (33) · 7 years ago

I just saw in google trends that Nigeria was the n°1 country trending for #Bitcoin searches.
Imagine the whealth distribution if BTC really goes to like over 10-20k in the next years...

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capari (54) · 7 years ago

Great. Thanks for sharing. I'm starting to follow you.

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thoughtchain (47) · 7 years ago

Thank you! Just followed you as well. All the best!

smetana (44) · 7 years ago

I wrote my prediction today.

Bitcoin will move inside horizontal trend
https://steemit.com/bitcoin/@smetana/bitcoin-levels-to-buy-and-to-sell-earn-usd1000-on-every-bitcoin

Follow to see newest predictions @smetana

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steemitboard (66) · 7 years ago

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toninux (46) · 7 years ago

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yacin (25) · 7 years ago

yup i really remmber this year , do you think he is gonna down again :)

minnowpond (62) · 7 years ago

This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond Please consider upvoting this comment as this project is supported only by your upvotes!

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thoughtchain (47) · 7 years ago

Thanks! Already following you. Please consider resteeming.

kettleandseagull (32) · 7 years ago

That is actually a very good point, my friend, great post!

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sandyspeaxxx (27) · 7 years ago

Interesting quote. I'm following. Information is power.

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ycz (33) · 7 years ago

it goes down increase btc stock by 10 % it reaches new highs sell of 5 % of btcs
This way u won't have to work for money anymore soon if the train keeps riding the way it has been through the next 5 years

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jackytjai1984 (43) · 7 years ago

They say bitcoins could be 10K worthed, what do you guys think?

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