With how the price has been increasing for the past me month, there there is good reason to believe it will continue to rise. I will not be surprised if it reaches 50k before the end of January. Like I once said in my previous post, this year is a year of crypto currency.
well said, the $40k land landmark has been achieved quicker than most of us projected. Reaching the $50k landmark won't be any trouble with the promising start this year. Hence, most crypto investors are positioning themselves to benefit from the achievement.
That's wise thought, now that Bitcoin is at $40k land mark another expectation will be on reaching yet another high of $50k in the next couple of months. Let's just wait and see how Bitcoin will fluctuates and get to that actual high.
Lol, that doesn't mean that you shouldn't still invest, you should. Cos with the daily increase in marketcap, trade volume it will surely give you a clue how Bitcoin is still on the highest supply and demand level. Investing on it now, will still get you the finance you need in the near future.
This is a good point, and you are right in saying that it isn't; a bad time to invest. Honestly the trade market for bitcoin and the volume has increased so drastically over the last month alone that it is not surprising that it continues to rise, and perhaps it may actually be a good idea to try and invest in it to reap some rewards. What are your thoughts on the coming weeks of bitcoin price? Expecting further increases?
Yes, I'm expecting increment in the price tag, when you look at the rate at which it is traded by people and how Bitcoin is supplied and demanded everyday. You gonna see that the price will topple and go beyond the $50k from now to may-june.
This is monumental. Over eth last 24 hours alone, the trade volume of the BTC/USD pair on the yobit exchange site has not reached over 26 BTC in value, which is over 1 million dollars. This is an insane volume for just a 24 hour period. I think that many are turning to bitcoin as well in order to try and curb the effects of inflation that they are likely to see and investing in bitcoin will help them to managed this inflation a bit better.
I think that we may start to see the effects of the bear run now in the bitcoin market. Looking at the price over the last 2 hours it seems that the price has gone down by around 14% for bitcoin and considerably more for the other coins like litecoin. Do you think that this decline will continue into the week?
Like I mentioned earlier in my post, we have to vigilant and smart, the rize and fall is what makes it crypto currency, it is possible that the price may continue to appreciate, it's also possible that it may depreciate. Use your discretion.
I do agree with you in terms of the volatility and that is what makes it possible for those that are involved with day trading. Crypto is quite a hard market to predict because it is decentralized so you need to be able to predict how whales and so forth will be able to act and in doing so you can predict the market which is not possible. And yes it is important to use our discretion and make our own decisions so that no one can be blamed for any losses than we may incur.
Can the OP now review this thread and tell us the actual price of bitcoin? I'm sure it has gone far down less than forty thousand naira compared to when this thread was created. I come in peace.
Yes, I know it has gone down, but I won't be editing it cos their is no need for that. Instead I will be making new thread for the latest price, which doesn't make sense for now. I will only entertain making such thread when the price has gone up to $50k landmark. Cos I know it will be making good headline, and drawing peoples attention here to make plenty comments.
You have said it all sire, is good as we analyze this topic so that others can learn, of cos that's why we are here, to help each other, and update everyone. crypto currency has turned many people to millionaires as we speak. Many too have also lost their money in cripto.
Wow this is a very high value. I don't think that we are likely to see this at the nd of this year in my opinion. I think that likely it is going to happen after the next halving event. However with the way new investors are entering into bitcoin I wouldn't be surprised if this di have to happen.
