Well guys Bitcoin has been a rollercoaster the last 3-6 weeks, but i think we could be finally seeing great progress here in the near future. Bitcoin was so hot in the first week of January almost hitting 1070 but then fell to an unbelievable low of 870. Bitcoin has shown once again that it needs these kinds of drops for it to progress. Last night Bitcoin is 1041 according to coinbase.com, and we could be seeing the start of a 1300 dollar average for 2017. Ill explain why and give you some of my predictions, I'll share them with you in the next paragraph.
2017 Predictions are super hard to come up with at the moment with China controlling 95% of the market. If they continue to allow Bitcoin to grow we could see well over 1000 steady here in the next 3 months. The question is why? Bitcoin has done so many improvements and they have so many more coming for 2017 as far as the segwit code. Bitcoin is being widely adopted by third world countries which makes the possibilities of growing almost endless. The number of total wallets is expected to grow 100% or MORE this year. The stock markets have taken a big interest in Bitcoin now that it is trading over 1000. The dollar is expected to fall soon here America is starting to turn to BTC now more than ever. ALL of these factors and more will contribute to Bitcoins rise in the next coming months.
Would it be a good time to invest? Well if you have been following my post you should have invested at 600 lol. Short term i would say you will make pennies if you invest now. Long term and i mean the next 6-9 months could be a great investment for you if you rather not deal with the banks. I think most banks are giving less than 1% for locking your money up for up to 5 years! Bitcoin did 100% in 2016 and its already up almost %5 in 2017 from what we closed at last year.
This is a Bitcoin price chart showing 1 FULL Year of activity:
What do you guys think about all of this? Should you invest? Whats your opinion on Bitcoin? Please share your experiences with Bitcoin if any.
Remember when reading my topics about trading i only give you advice based on research and market analysis. Please only use this as a guide and do not hold me responsible for any losses. Keep trading and if you have any questions leave them below.
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