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Bitcoin is evolving Are you getting left behind?



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Bitcoin is evolving Are you getting left behind?

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:

Bitcoin is evolving Are you getting left behind?

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.

As always thank you for reading please don't forget to follow me and like the topic.

https://listingdock.com/user/jkeyz2

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MendasDigital

I enjoy reading your posts on Bitcoin. Just so's ya' knows. Bitcoin is evolving Are you getting left behind?

For now I think Bitcoin can be a great way to make profits. Not that I partake. I have no cash to spare. I have less than $1 worth of Bitcoin to my name. But eventually, I believe Bitcoin will fail. A lot of people will be left holding worthless bits and bytes that were never backed by anything other than demand. I suspect there will be some devastating economic collapses in any regions that have placed too much dependence in it. Not that I'm knowledgeable about money in general, let alone Bitcoin. Just sharing my opinion, which time may prove wrong.

Bitcoin is essentially a wiki torrent. While I find that very cool, wikis always get abused, torrents always die.




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MusicMoguls

People have been prediction the downfall of Bitcoin since it started. Every economic crash that has happened in every country within the last few years Bitcoin has thrived. Just one year ago Bitcoin was 370 USD, Now we are pushing towards 1050. The current financial system is failing our governments are failing us financially. The fiat currency of the world which is the US dollar is becoming worthless. All governments print and inflate fiat currency on a weekly and monthly basis. When it comes to Bitcoin we only have 21 Million and thats it no chance to print or make more.

Bitcoin Could completely replace the current financial system and banks it is scalable to the length. Will it happen in our life time? probably not but will we see Bitcoin trading over 5000 a coin in our lifetime? I think within the next 3-5 years we will see Bitcoin trading regularly over 3-5000 USD. Bitcoin is been more steady than ever before and this last halving and the halving in 2020 will strengthen Bitcoin to the point of becoming the worlds currency. Could happen never know! My hopes will always be high Bitcoin has not proven me other wise yet. Thanks for sharing!




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Lynne

Thanks Jkeyz2. I saw that huge drop in Bitcoin value in January and I wondered what was going on so thanks for clearing that up. It is amazing that it jumped back up over $1000 so soon. I wasn't aware of that, life just got busy and I didn't have a chance to check back on Bitcoin after seeing the drop!




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MusicMoguls

The thing is we have to make sure we pay attention especially when your entire life is invested lol. I have made so much money trading Bitcoin that i don think ill ever do anything else again. I can save money pay my bills go on 2 vacations a year, everything is looking up at the moment. I am very happy to see that you are still watching the price we will see record highs this year and i will be here to write about it. I think Bitcoin will maintain steady over 1000 now for the rest of the year i could be wrong but 97% of the time im correct lol.

If you have money to invest as low as $10 you should do it lol. This way at the end of the year you could have 15-20 bucks lol. I would say now is a good time to invest!




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Lynne

Thanks Jkeyz, I really must get into it now. I am heading on over to my eToro virtual account to see what's happening there!

I've really enjoyed watching all the action. Funny because I wasn't actually watching the price. I was chatting to my husband about how we should invest in Bitcoin and he said no he believes it will crash, so when it did that big dip he was very sure to tell me all about it. Haha!




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londonbeat33

I don't care how much bitcoin is worth. It is used by cyber criminals who think they are outside the law.




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Barida

My friend is trading bitcoins and has made lots of gains from doing so, but I still don't see that as what I will really delve into in the future considering the shift in prices.




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cmoneyspinner

Yes. I'm afraid I am being left behind.
The current news reports are not encouraging to jump on board.

Example of a recent business report:
Bitcoin breaks under weight of regulatory scrutiny | USA Today

This discussion is dated February 5, 2017.

That report is dated January 16, 2018.

I don't know what to think! (O.o)




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Corzhens

What do you think is the reason why predictions for the value of Bitcoins is hard to come up with? My take is the unknown factor or factors that control the value. Unlike a legitimate currency like the US dollar, we know what factors are affecting the value. But when you don’t know what is exactly dictating the value of the currency then you are like groping in the dark. That is my main issue with crypto currency that’s why I am keeping my distance.




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MusicMoguls

The US dollar is being printed in the billions weekly causing inflation and devaluation. The main thing you have to remember is a currency that can be printed and counterfeit easily can’t be good for economy. The fact that we have lasted this long is amazing and mark my words bitcoin will reach 6 digit numbers. Remember who told you first!




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