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Bitcoin (BTC) will easily reach $50,000 in coming month and will be on the way to near $100,000 or slight over by year's end with over $1.75 Trillion Market Capture by end of 2018
BEFORE THE STORM OF NEGATIVITY UNLEASHES, HERE IS MY REASONING...
We all understand that we will have more drops this year, even though this correction might be coming to an end, this post is released not to say that we will have a steady and quick rise up with no losses, but to say that only those who will hold and not panic sell every time price of Bitcoin drops or they hear FUD on news, will end up in great standing by year's end. This applies not only to those holding BTC, but also to those holding Alts.
ARGUMENTS
1. Interest in cryptocurrency is skyrocketing on day to day bases as more organization, companies and corporations begins accepting cryptocurrency payments and e-commerce website adding compatibility. Just recently we had a few million dollar real estate property sold in US for over 400 Bitcoins. Dealerships across the state begin accepting Bitcoin and ALTS as a form of payment. Mark Cuban's NBA team is starting to accept crypto payment next season, with teams to follow them
2. Investors are slowly starting the transition process from Wall Street stocks into crypto. Some are 'test' trading, some split their investments into both stocks and some switching completely to crypto investing
4. China will one day open up it's ban on cryptocurrency, maybe even this year as more countries come out with state cryptocurrency and with Russia being their close 'ally' China will rethink cryptocurrency
5. Let's go back to 2017 with Bitcoin price at around $750. Let me just tell you that many said it won't go over $1,000
6. Bitcoin price will be increasing because 80% of all Bitcoins has already been mined up and difficulty of mining the other 20% is exponentially rising and if you've studying basic finance or understand supply and demand, then it should answer your question
7. Next point is. If you're concerned about price going up and people not buying (BTC) because of the price, let me remind you that you don't have to buy a $40,000 Bitcoin when you can buy a portion of it for $40 or $1,000
8. Bitcoin or not, cryptocurrency as whole is changing how we are using money and transferring it. Today it is faster to take your $10,000 in New York and fly it to London, then transfer it through a bank. Bitcoin is like (GOLD) of cryptocurrency so even if we won't use it, it will grow up.
NOTE - I am not your financial advisor. Only invest what you can afford to lose, especially if you're a new investor.
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Please give this post a like if you agree with my reasoning
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For those confused about what they see on chart
Blue lines are our next targets
Pink bubble is our general trajectory
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European Central Bank - "CryptoCurrency Regulation not on To-Do list"
Some say it will drops around 5000-6000
Some say it will reaches down to 2000-3000
For us as traders, we are in confusion which point we have to buy to get more profit, please advise?