Bitcoin Could Be Just Starting

in #bitcoin5 years ago

With All bitcoin rally's there are some minor pumps and some minor dumps. We have seen this over the last two weeks as bitcoin prices climb but small dumps happen for people taking profits. You can't blame them when taking a 10% or even 20% return and cashing in. Those are numbers you don't see all to often in the stock market so it makes sense these investors cash out.

As for me I am a long term holder. I have been holding and buying since 2013. Yeah those days when bitcoin was about $100 - $200 range ;) ;)

That being said this chart created by Peter Bradit twitter post here

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Shows me we are just starting one of the biggest rallies yet again. A rally that could push us easly past $50,000 per bitcoin.

The projection shows bitcoin hitting $23,000 by years end and then blowing the freak up to $90,000 by April 2020.

So while that price point of $5,200 looks pretty high right now when you look at charts such as this it makes you double think and wonder if its worth the investment jump now.


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Still have my contrarian hat on that this was a true breakout but if we take out $5,500 I am a believer! No matter, still a good time to scale in!

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So tired of seeing these "bitcoin will go up any day now, this time we're sure of it!" posts. "Don't worry, we're just about to hit a new ATH!" is not news.

lol, it has gone up though. Maybe your tired of missing out ?

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