So what if i told you that the other post mentioned real situation right now and i was just checking my mind over it by you guys in comments ? RE: https://steemit.com/busy/@kingscrown/lets-chat-you-can-buy-btc-now-at-1-2-price-how-many-would-you-buy
I will not post this here as i assume loads of people could lose money but im fighting myself to post on https://fuk.io tomorrow a guide on this... or maybe just mail it to subscribers of the blog and skip public. Its a high risk and high reward game so im still not sure - hence i made the post to check what people think.
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great post I enjoy reading it
If you consider the probable price at the end of 2018 for bitcoin, $100,000, then we are less then 1/10th price on bitcoin on open market.
"...probable price at the end of 2018 for bitcoin, $100,000..."
Sorry to be off topic... BUT....What the??
The 'probable' price of bitcoin at the end of 2018 is definitely NOT $100,000.
Possible = a very small chance (at best).
Where will the influx of new money come from to get BTC to $100,000. At this time most people have already heard about crypto/btc. People are either in favour of it and believe in it and have already bought in. Or people are against it and do not believe in it and will never buy in. There will need to be a HUGE influx of new believers to get the price anywhere near $100k.
And then there is the idea some people have that the price only got to $20k due to the manipulation of bitfinex/tether, and without that manipulation the price would never have got above $5k.
Only time will tell, but just my 2c.
Cheers
All that are into cryptos now are early adopters. Not even 2%.
If cryptos are the future, and i believe they are, than we will see a HUGE influx as actual adoption starts.
oh, and you can type the cent ¢ sign by the HTML
¢Somewhat true, based on what individuals each believe.
But even if crypto's are the future - BTC hitting $100,000 in 5 months is not something I think is probable at all. This is what I think anyway... based on my belief that BTC was artificially pumped by Mt Gox in 2014 and by Bitfinex in 2017.
So I cannot see anything in the next 5 month horizon that will take BTC to $100k. I wouldn't even hope that the price rocketed to $100k by the end of the year. That would do more harm than good as it would be way too high way too quickly. Only people in it for quick fiat gains (speculators) would want the price of BTC to hit $100k by the year of this year. And speculation is not the future.
Cheers
Lets see what will happen.
High risk high reward .. market is too much volatile... I will definitely buy if it comes down more
I actually took a look at it again and realized that this is a high risk-high rewards game and intended only for those who have the financial capacity to play it and the nerves to withstand the loss.
The risk is high, but so are the rewards. As long as it is made clear from the beginning, then I think it shouldn't be problem even if you post it here on Steemit. One thing is for sure, that both the investors and the viewers are bound to be thrilled.
Very true blog you have written @kingscrown
Informative but risky no matter reward is high too,
but this is more good for those people who can invest.
http://pocketing.online/?cash=43503
People lured by quick/easy/big gains tend to ignore risk related.
Just like on Steem: It's super easy to accept that you got ten random upvotes, but it's a disaster when you receive one small random flag.
IMHO that situation describes pure gambling, ie. situation where you do not care at all about loosing (or at least it is supposed to be like that).