This is how Bitcoin progress seems to be going… Up a thousand. Stuck. Up another thousand, stuck. Up another, and stuck again. Currently at around $8000. So what is there to look forward to? The price seems to be growing organically a little, and then a sudden leap as big investors buy in. Where next? My guess is $9000, and then $10k. Who knows after that?
It’s hard to trace these big investments, worth billions, to suddenly jump the value of Bitcoin by $1000 at a time. Big investors farm out their investments to others so that they don’t attract too much attention to themselves, and then the buying happens on multiple platforms by hundreds of people all at once.
Who has the clout to do such a thing? I’d take a guess that it is investment bankers like Goldman Sachs or even the IRS. A government? Who knows how much Bitcoin they are holding, if not directly then through others who feed it back into multiple offshore accounts? It’s untraceable. A black op within a black op.
The next question comes to why bankers and governments would interfere with Bitcoin progress, and I think I know the answer. It’s perhaps going to be another pump and dump, designed to not only make a lot of money for the holders/traders, but to destabilise Bitcoin in the eyes of the general public. Who amongst the techno-savvy is going to want to invest at $20,000 if there’s a sudden sell-off and the value drops back off to $10,000 or less, meanwhile doubling the investment of those who put billions in?
Know When to Sell Bitcoin:
The trick with that sort of game is knowing when to sell. Leave it too late and your opportunity has gone. Do it too early and you might miss huge profits. Are you willing to spend a lot of time researching, reading the financial news, and reading between the lines? Do you have a appetite for risk? Can you do it dispassionately without allowing FOMO (fear of missing out) or FOJITS (fear of joining in to soon) to influence your decisions. Those with the latter fear are probably technophobes who don’t understand that the later you leave it to buy into Bitcoin, the more expensive it gets, unless you are lucky enough to join in during a Bitcoin drop in value. Fear rules the Bitcoin market just like it rules the stock market. In fact, Bitcoin progress depends on the brave.
You are not alone. Everyone in the crypto world wishes they had bought into Bitcoin when the value was a few cents per coin. But look around at some promising ICOs. Or recently established altcoins It’s not too late for that sort of opportunity! Bitcoin is always going to be the biggest thing though.
Bitcoin Long-Term Progress:
So it turns out to be a waiting game. Let’s see what happens… Personally I feel that long-term, the value is still going to rise steeply over the next three years. Because even with investment bankers involved, they must realise that if they let the price rise as far as possible before selling off, they can make hundreds of $billions instead of just tens of $billions.
If I were an investment banker with the influence to get other people to follow my lead, that’s what I’d do.
In the end, it all comes down to who benefits the most. Okay, a particular compromise has to be made. The compromise is that a lot of ordinary people will become millionaires when Bitcoin reaches $100,000 to $350,000 in value over the next 3 years. But then you have to ask yourself what will happen to the economy when suddenly there is a lot more capital around.
Bitcoin is Good for the Economy
Before I go further, I’d like to ask if you are the sort of person who likes to help friends? Yes? I thought so…
Here’s what will happen. Houses, boats, supercars, and a lot more will suddenly be bought bringing a huge influx of money into the economy. Bankers will have more to lend out, stimulating the housing market, and the taxman will benefit as all that money in crypto suddenly becomes taxable as it is exchanged for fiat.
In the long run, the higher Bitcoin progresses, the greater the economy as a whole benefits.
Disclaimer: Who knows what’s going to happen to Bitcoin value? I predict that it will reach a point where it suddenly makes a massive push into an exponential climb in value making holders mega-rich.
But what do I know? I’ve been wrong before. Do due diligence, and never invest what you cannot afford to completely lose without it ruining your day, or your life! I don’t give financial advice.There are people who specialise in that, and some of them might be catching up with cryptocurrencies. If you are the type of person who likes to rely on others for advice it might be a good idea to seek out some accountant or financial advisor who is crypto-tech-savvy.
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