While The Weather Gets Cooler Interest In Bitcoin Gets Warmer
While bitcoin most likely has yet to hit its bottom which most likely will be around the $3,500 range it is important to understand that even buying now could be one heck of a deal.
Bitcoin went all the way up to $19,000 last year 11 short months ago and that was just scratching the surface of what was possible.
The entire market cap at that time was just a hair over 700 billion in which we are only at 138 billion as of writing this.
This was with funds spread across a number of other assets besides just bitcoin.
But it goes to show you whats possible at our 1 trillion dollar goal which is only 1% of the stock market and gold market combined. That to be is being very reserved and I suspect at least 5% to go into cryptocurrency. That should take out 19k per bitcoin and multiply it by 5x or $95,000 per bitcoin!
While mining bitcoin might not seem profitable now if you are mining and holding you might be sitting pretty come 2 years from now when prices drasticly jump again.
How about yourself...
Are you mining bitcoin ?
Are you buying more?
I am not mining or buying bitcoin but I do try to buy some cheap STEEM when I have the money to do so that I power up. At these prices, it's a steal in my opinion.
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I used 2014 laptop cpu mining cryptonight coin like NBR then exchange to bitcoin plus staking Reddcoin then gained RDD to BTC, i dont care electricity in my place. overtime good amout of BTC not much but not bad for just a sitting old laptop. I think it will bounce back. but not same as December 2017.
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STOPGiven the recent declines and lose of interest in mining, I have found myself looking at mining equipment just to potentially give it a try and learn...
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