2800$ next resistance level. Not that it matters that much for me personally - considering im very LONG in cryptos. I'm looking at 10x return on cryptos within 2018, meaning btc at 10,000$
My advice is figure out why you are into cryptos. Do you believe in it on a long term perspective? If so, do NOT sell. Keep your head cold, stay calm and just log out for a couple of days.
Here it comes! I'm with you though for the long view. 10x price in a few years is absolutely reasonable, considering how many new people are going to get into crypto.
High five for that! :)
You are right
Don't forget to consider technical analysis
Thanks. I know, and I'm used to TA from stocks, and I automatically look at patterns when I look at bitcoin prices. But I try not to care too much about it. I think the fundamentals are so potentially insane and game changing that it would be very stupid to start trading (unless you are very experienced and have a lot of money) It would be stupid for your average guy with 0,5 bitcoin to start trading.
As we've had a few volatile days I'd expect some added volatility in the next week before climbing back up to $2800+. Additionally, with the Fork coming and possible Flippening BTC may have a bit of a struggle in the near term. I'm hoping not since I am also invested in it, but it's been feeling very heavy since it dived at the end of May.
I do believe in BTC but not at the values you mentioned. Having said that I do hope you are right and it hits the levels you mention. I'll be RICH :)
You'll be rich at 10k bitcoin? I suspect you will be rich then :)