We're riding an incredible wave ladies and gentlemen! As I sit here and write this, Bitcoin's sitting at about $3134 USD having just peaked at $3172 USD!
This is YUGE!
As per usual, we had to endure a month and a half of mainstream media claiming Bitcoin was done. Of course the most basic market principles are not taken into account as the establishment prays for an end to Bitcoin, but Bitcoin isn't going anywhere! Climbing from $2765 USD to a stunning $3172, we're climbing a mountain! Where it will go in the immediate future is something I simply can't predict, but there's no doubt that a lot of people are clinking glasses tonight!
The healthy correction we witnessed over the past month in a half has triggered a rally. It won't be the last major correction, but this certainly won't be the last major rally!
Bitcoin Cash has slammed to the floor, losing 32.4% in the past 24 hours, leaving it at $250 USD. Now I'm not going to make any rash decision on BCH yet as it's too early to really tell, but people seem to be sticking to classic Bitcoin.
Most of the alt-coins have seen a decent rise today, but for the most part, nothing to write home about. That's not to bash them, but Bitcoin continues to prove to those in the crypto world that it's the king!
I also believe this Bitcoin rally is going to bring the value of STEEM up significantly over the next month as it sits at about $1.31 USD at this moment.
As I've noted previously, at the 7 year average daily rate of growth, Bitcoin can realistically hit 250k by 2020. It also may not, but following the exact average we see today, it's quite possible indeed!
Tell me where YOU think Bitcoin is going next below!
Thanks for sharing
Just has projected. I had a dream 2 nights ago so vivid too that I was looking at my computer screen on coinmarketcap.com the price of bitcoin was exactly $5000. I wish I paid attention to the other altcoins in my dream maybe I would posting my Alt suggestions. HAHA. Thanks for the article once again
Hopefully in 3 years at 500k where McAfee claimed, he would eat his own d $#k on live tv if he was wrong! Nice article...let the good times roll..
lol yeah that was awesome. Working on getting an interview done with him shortly ;)
Look forward to it. Hope it all falls into place
Super, interesting and intelligent character.
That'll be a huge scoop if you do!👌
Here's hoping!👍
I'm not sure what I want to see more. McAfee eating his own dick on national TV, or Bitcoin at 500k. :)
Yeah and it's still undervalued too it's just growing and getting over the split.
Great, but no surprise! It's been in the cards for long IMO. Looking for bubble tendencies at $10,000USD. But in my recent post I argue that we might not see real bubble tendencies before $60-90,000 USD. Upvoted! (ps: gave myself 100% upvote, so that you might see my comment, because I believe my recent blog post could be of interest to you)
And to think barely two weekends ago we all could have bought more BTC at $1800 before the hardfork. But we were waiting for it to go lower, doh!
I'll admit I was expecting it to hit $1600, but with that said, I definitely put a decent amount into BTC. I exchanged almost all of my altcoins except STEEM, Dash and EOS for BTC. :)
Smart move! I kinda wish I'd done more at the time, but I'm balancing paying off my credit card "debt snowball" with buying crypto now while it's still a relatively young market.
Cheers, happy time
BTC is king, long live the king!
BTC will climb, 4k by Sept, 6k by 2018, but BCH won't last, I give it until Feb 2018 and it will be holding hands with Ripple.
Haha, I just bought some Ripple (about $20 worth that is, so far) ... got it sitting on Kraken. Any idea what type of offline wallet supports it? Right now I have a Trezor, and am installing Exodus (for when I get some EOS) but no idea how to store XRP yet.
Ledger Nano S supports Ripple
Thanks Wendy! Dang they were sold out before the btc hf so I went with Trezor to get my btc off of Coinbase. Live and learn...
Its nice to have a hedge in case Bitcoin stalls again like the last three years. But with the competition chasing Bitcoin to become functional. We could see more progress in both Bitcoin and Bitcoin cash.. The market will now control Bitcoins growth!
Cheers @ where YOU think Bitcoin is going next below
I am Groot! :D
I think BTC will hit $5,000+ by the end of the year. I think if Chinese miners support BCC it could hit $2500 in China.
I agree with both. We should never underestimate the power of the Chinese market.
bitcoin will be @ 10,000 in december Bro!!
and people will accept the earth is flat :)
...and there is a correlation! acc to Lauren Southern's video anyways.
Bitcoin to the moon! I see a $5000 Bitcoin by the end of the year
all right boss i have upvoted Regards @sharoon
I can see us in the year 2020, sitting at the $400k+ per BTC coin, reading 2017 summer posts, forecasts and conciderations, and just .... smiling , on how naive we all have once been...
400k is very possible with a rise in the daily average rate of growth. :P I hope to see it at 400k! Still, at the current level compared to the 7 year daily average rate of growth it will be at 250k by 2020. No doubt it can break through that ceiling though!
Bitcoin is growing and it's good!
Dammit I missed my buying opportunity. I was waiting for it to drop significantly after the fork and I was going to buy in before the bounce. It never dropped so I missed the boat. Oh well. Can't win 'em all.
Its never to late to climb on board! We all going to the moon!
BTC is becoming more accessible to the average Joe like me. as we garner more ways utilize crypto currency, the more it establishes itself in the market place. government regulation although at times can seem like a hinderance, i believe it can only add further trust in crypto validating its existence to the masses. hopefully in years to come, we can transact daily but counting only in Satoshi's because 1 BTC is a briefcase full of money :)
Upvoted & RESTEEMED! :)
reallly wow i have to seell some or check btcs in my vaults to begin withdraw them!
Don't sell! lol The selloffs are one of the reasons we keep seeing corrections! :P HODL, it's going to climb WAY further than it is right now!
Wow Can not believe my eyes anymore
I like the price but I want it to go down so I can buy way more lol
This is awesome. Bitcoin is gonna hit $4,000 by October, 2017.
Bitcoin cash won't last.
it is simply amazing, it is an revolution, bitcoin is the future!
Thank you for sharing! :)
happy morning
Bitcoin pass 3000$
have a nice day
I just checked my cryptos on coinmarketcap.com and saw BTC at $3175. So I checked up on my ANS (NEO). Sure enough, it went up to $12.11. So my $1018 cost basis for this position reached a new high today of 4524% return since March! If BTC moves to $250,000, the entire crypto market cap will rise with it.
Did you know that Ledger X was just approved in the US to create an options exchange for Bitcoin and Etherium? This means that institutional money will be flowing in by the end of the year since they will be able to hedge their portfolio! As I keep writing to some of the depressed crypto "investors" who keep wanting to give up, buy, hold and forget about your coins for 3-5 years. You will be shocked at the result.
While bitcoin is making new record highs, bitcoin cash is plummeting, I think we know which bitcoin is going to win this duel.