HOME CATEGORIES WRITE AND EARN 🔍
CATEGORIES WRITE AND EARN MORE

CRYPTO NEWS

Your favorite crypto news blog

Bitcoin at $28000.... what is the next goal? HODL !

Bitcoin 2020/12/27 13:39 by ItsMe YouKnow

Dear, it's time ! it's time to HODL *!

Have you seen the recent price of bitcoin? I'm sure you did. Bitcoin hit $ 28,000. It would be great if you had some, bitcoin or even satoshi, .... In that case you should be asking yourself ... Isn't it a good time to sell bitcoin now?

I think the short answer is NO. But since no one can predict the future price of bitcoin ... maybe you shouldn't trust this advice ... To be honest, I'm not sure the price of bitcoin will continue to rise, but ... keep reading this.

 

The price of bitcoin is the highest price in its history. This means that a bitcoin is never worth so much in its entire life. Why is the value so high? Bitcoin has had a lot of good news recently. Paypal is finally adopting bitcoin. Other financial services have invested a lot of money in bitcoin. All of this news is making bitcoin more reliable for everyone. More people will invest in bitcoin. More people will want to see Bitcoin at a higher price. The USD value is reduced a bit (therefore bitcoin, other FIAT, hardware, .. is worth more USD than before) .... So ... if everyone wants to buy bitcoin and wants to see its price increase ... think that will do?

Yes, the price of bitcoin will likely continue to rise, but until what? I do not know. Maybe we need to hit a price that people will say "ok .. I made xx% with my investment ... It's time to take my profit now!" ... so what is the right amount? I think it will be close to an interesting and rounded price ... maybe 30,000 USD? maybe 50,000 USD? 100,000 USD?

All scenarios are possible, but if I have to bet on a price. I will say $ 40.0000.

It's a nice and rounded price. Twice the price of $ 20k Bitcoin hit in December 2017. So now we want to know when we will see that price. Again, this is more of a gamble than anything I know I will say within 5 months. So hopefully you will see the bitcoin price at $ 40,000 in May 2021.

Are you selling all of your bitcoin or satoshi in May 2021? Hope you don't. Even though I'm right and the price of bitcoin hit $ 40,000 in May before going down ... I'm not really sure it will go down that much.

  1. First; I don't think we'll ever see the price of bitcoin below $ 20,000 again.
  2. Second, I think bitcoin will hit $ 100,000 as well. Maybe in a few years but still ...

So as they have been saying for years : HODL.

At $ 100,000, it will probably be time to sell and use your profit to do something with it. If everything goes the way we want, you will be able to buy bitcoin again after the dip, but if we hit 100k, don't expect to buy back a bitcoin at 50k ...

Either way, if you don't have bitcoin, it's probably time to buy some ... (you should be able to hold them for years, to be sure you're making a profit). If you don't have the money to spend on it, use a tap and look for offerwalls; Sometimes there is a great deal that will pay you up to $ 100 in crypto.

 

Long live BITCOIN heart

 

*What's HODL? : hodl is slang in the cryptocurrency community for holding the cryptocurrency rather than selling it. It is often backronymed to "Hold On for Dear Life".

 

1 Like(s)



You should also read...

Other 02/12/19 16:05 by PRNEWS.io
Ixinium to Announce IEO Launching on December 5th on P2PB2B
The ever rising company looks to raise up to $100 million USD to build out an online platform that delivers decentralized and transparent asset-backed cryptocurrency, which is fully insured for repla...
Read More
Crypto 09/04/20 19:30 by Tony Spilotro
The Latest Surge in Crypto May Just Be Another Bear Market Fakeout
Crypto investors have been in this position time and time again. Bitcoin and the rest of the market has been rising, building up bullish momentum, and then what? Thus far, nearly every major rally has...
Read More
Bitcoin 22/04/20 19:30 by Tony Spilotro
Number of Bitcoin Whales Hits Previous Pre-Bull Run Level
Bitcoin‘s halving is less than three weeks away, and the anticipation of the massive price increase that is widely expected throughout the crypto market has potentially led to a sharp increase i...
Read More
Crypto 16/05/20 20:30 by Cole Petersen
Report Claims That Another “Mega-Sized” Chinese Crypto Ponzi Scheme has Emerged
In 2019 the world was captivated by news of a Chinese-based crypto Ponzi scheme called PlusToken. The ringleaders of this scheme defrauded unsuspecting investors out of billions of dollars’ worth of...
Read More
Bitcoin 23/05/20 09:56 by Brian Dutch
Bitcoin transactions fees will kill bitcoin
Bitcoin transactions fees will kill bitcoin ! Did you see the average bitcoin transaction fees nowaday? We can broadcast a transaction trought the bitcoin blockchain for 70 to 320 satoshi per byte. I...
Read More