Bigmurph6
Banned
So bitcoin is becoming an investment option again it seems. Lately if anyone else follows the price changes during the beginning of October you will see that it has dropped from 6500ish to 6000ish back and forth between the two for the past couple of weeks.
If this trend continues I believe that buying in at around a 6000-6100 is a good idea.
I believe that as the elections in the usa are coming up the price of bitcoin has a good chance of climbing to 7000+.
If you follow gold and silver also you will see that over the past year they have also dived down in price.
Gold was below 1200 and silver was at 12$ and change at one point.
As the stock market climbs the trend of precious metals seems to drop because of the confidence in the market.
Recently the market has been dropping with tech companies like Facebook especially taking a hit. With the elections coming also people get weary of the market and try to invest in safer things such as precious metals and bitcoin. Most still don’t trust bitcoin but they remember what happened last year and no one wants to miss that train again. So as oil and precious metals climb and tech prices drop watch for a strong bull market around cryptocurrencies in general.
I would stay away from alt coins I believe that unless you see that they have a solid platform which most don’t and base themselves off of bitcoin. I would stay away from them. Even ripple which just became the second biggest coin market cap cryptocurrency is still only worth under a dollar and I believe is only being supported by the Asian markets.
The fall of ethereum is a perfect example of how unstable the rest of crypto is. Remember ethereum is a huge platform especially with most alt coins using erc-20.
I do believe that if you’re interested in an investment you might want to jump on precious metals and bitcoin in the next dip.
Remember buy when there is blood in the streets lol.
This is just my opinion im not a licensed investor so my opinion is just that.
When investing never invest what you can’t lose.
If this trend continues I believe that buying in at around a 6000-6100 is a good idea.
I believe that as the elections in the usa are coming up the price of bitcoin has a good chance of climbing to 7000+.
If you follow gold and silver also you will see that over the past year they have also dived down in price.
Gold was below 1200 and silver was at 12$ and change at one point.
As the stock market climbs the trend of precious metals seems to drop because of the confidence in the market.
Recently the market has been dropping with tech companies like Facebook especially taking a hit. With the elections coming also people get weary of the market and try to invest in safer things such as precious metals and bitcoin. Most still don’t trust bitcoin but they remember what happened last year and no one wants to miss that train again. So as oil and precious metals climb and tech prices drop watch for a strong bull market around cryptocurrencies in general.
I would stay away from alt coins I believe that unless you see that they have a solid platform which most don’t and base themselves off of bitcoin. I would stay away from them. Even ripple which just became the second biggest coin market cap cryptocurrency is still only worth under a dollar and I believe is only being supported by the Asian markets.
The fall of ethereum is a perfect example of how unstable the rest of crypto is. Remember ethereum is a huge platform especially with most alt coins using erc-20.
I do believe that if you’re interested in an investment you might want to jump on precious metals and bitcoin in the next dip.
Remember buy when there is blood in the streets lol.
This is just my opinion im not a licensed investor so my opinion is just that.
When investing never invest what you can’t lose.
