The Truth about whats happening with crpyto currency and Bitcoin BTC
Hello guys its been awhile! Today i wanted to take the time out to come back and talk a little about the crypto industry especially Bitcoin. The news you probably read is all FUD or "Fear Uncertainty Doubt" news which is used as scare tactics to get people to sell or not initially invest. So the question you may be asking is "Whats going on and should i buy in"? The real truth about Bitcoin and other Bitcoin currency is that we are still in the very early stages and we still have room to grow! The other thing we all have to realize is that Institutional money has yet to make a major play on the digital currency scene. What does that mean? That means that all of the Big money like Banks and other industries have yet to start really using and investing into Bitcoin in a big way. We are talking trillions a year that will eventually spill over into the market. What does that mean for the crypto price in the future? We could see Bitcoin over 250,000 Per coin by 2030!!! Remember Bitcoin is like diamonds, gold, oil, and other natural resources it has a very limited supply! The more people that start using Bitcoin the more the value will go up. Next i want to show you a chart of the entire year and then explain more about whats happening now.
This chart looks absolutely terrifying i know, but take a look at 12 months ago the price was 2000 roughly. Thats double the price it was when i started writing about Bitcoin. End of June of last year we started to see the Monster climb to 20,000 dwarfing the 2013 Rally. Shortly after this short lived glory Bitcoin started to take a fall and has been falling ever since! So whats going on? Is this the end for Bitcoin? People say "Its a bad investment" because it dropped from 20K to about 6500 today. You have to ask yourself though "is it really a bad investment"? We are still up 3 times or 158% from last year! EVERYONE wants to know "Why is the price falling"? "When will the massacre end"? The sad thing is i don't have a definitive answer that will appeal to everyone, but what i do have is a strong opinion that up until now has been correct! I think that Bitcoin could fall below 6000 into the 5K range, but its very unlikely. We are more likely to see sideways trading until 2020 unless the volume picks up which could happen. China has banned Bitcoin, and now they are thinking of Allowing exchanges again. That could really pick things up in terms of volume. We will see all i know is that 2020 and 2021 will be years to remember the next halving is coming guys! Are you ready?
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