Bitcoin Will RECOVER IMMENSELY Soon and Bitcoin Will ABSOLUTELY REACH $25K In 2018

in #bitcoin6 years ago (edited)

Bitcoin Will RECOVER IMMENSELY Soon and Bitcoin Will ABSOLUTELY REACH $25K In 2018.jpg

so that being said if he does say that the court will recover pretty darn soon now we doesn't necessarily give a specific time line but he does enumerate is opinion with some very good facts and the numbers that you shows from big points history. And he does a great job of talking about what exactly has kept a big point down as of late and why it soon to be reversed. so I know what folks before we go ahead and jump right in a remote old you drop a like on this for you upvote it follow and share for more. what's your we get this video to one hundred and fifty likes for this crypto pro and let's go ahead and jump right in so according to Jonathan she's been a partner at investment firm distributed global which is a pretty significant firm record has fallen due to five major reasons macro trend speculative dominance regulatory uncertainty short selling and scams but as the market in crypto currencies as an asset class continue to see improvements in infrastructure and regulation Cheeseman explain. That a growing number of investors will recognize crypto currencies as replaced and legitimate stores of value and on this he said for some things are even more acute now Venezuela and Turkey being the most obvious examples into debt sustainability is a real risk too many fiat currencies in looking for global stores of value. Court has served a purpose bite it is archaic eight general store value is both more practical and more in touch with the growing when you'll generation and I would definitely agree with that how many people.

In the early twenties or even up to their thirties own gold versus pick one or other crypto currencies it's honestly more likely at this point that many more young people own decline then own gold or precious metals themselves. so let's go ahead and talk about regulatory uncertainty and weak infrastructure up until twenty eighteen infrastructure targeted and institutional investors and large scale retail traders was virtually nonexistent blaster between institutional investors in the crypto currency market. That is custodianship was not effectively eliminated and there were very few publicly tradable instruments that could facilitate the demand for crude occurrences from accredited investors the weakness in existing infrastructure along with regulatory uncertainty around crypto currencies prevented large sums of capital flowing in from the broader financial markets to the crypto currency sector. Hence the speculative bubble of the crypto currency market in twenty eighteen was similar in concept to previous bubbles in twenty twelve and twenty sixteen in that the on one correction was triggered by the panic selloff initiated by speculators and individual investors in the market the eighty percent correction of the crypto currency market occurred in a similar way as previous drops but the expected recovery of the market will drastically different from previous attempts. And I want to go and St as an aside Idefinitely do you agree with that statement the rise that we saw in December really was like anything we've ever seen before and I don't necessarily know full. See that sort of meteoric rise again it would be cool if we did but over the long term I don't necessarily know if that's a good thing it in the past the court has failed to secure a momentum and major support levels and demonstrated no signs of recovery for over two years this your big one is made three attempts to break out of the six thousand dollars for level and although they were unsuccessful record has not fallen significantly below the six thousand dollar support level which is definitely a big deal and shows a great deal of stability but as red.

which Frameworks entrusted to students solutions in the crypto currency market continue to improve more institutions will be willing to take a big risk to commit to a market that is in its early phases and just as we saw with gold ETFs as inside several years ago big groups and big financial industries don't necessarily want to jump into something. That's too new to offer Klay it can be extremely risky. However as biklin matures I'm pretty sure personally speaking that larger and more well funded investment bankers and investment groups in general will be getting into the sector. so dresses up across the globe have struggled with how to responsibly police crypto AG centralized movement does of course PDA looked at on The reversal discouraged it'll be set and it's And risk management solutions. so as a final note with crypto currency and bitcoin in general we have seen a great deal of progress in South Korea and Japan as of late as well as other nations. so already South Korea and Japan have introduced cryptocurrency and watching related legislation to govern the crypto and blockchain industries as legitimate sectors on September eighth CC and reported that the government of respected stand as decided to legalize crypto currency exchanges and this record offerings and additional assets minding as billionaire investor Mike Novogratz previously said it is entirely possible that the next long term rally of crypto currencies. will be led by institutions like pension and hedge funds given that repose because students solutions are likely to see adoption in the months to come and I absolutely one hundred percent agree with that statement if retirees can be making thirty percent on the retirement fund versus twenty percent or even ten percent a year don't you think people would go for that I definitely think people would because people always want more money because people heard currently greedy. let's just go ahead and face it and there's really nothing wrong with that if people can have a higher return by putting their money into more diversified assets including more speculative and high risk investments I think that is nothing less than a good thing and that really will power the future of crypto currency.

Tom Lee and another one of his opinions turns out he's still pretty bullish on big point as many of you know despite recent price fluctuations in the price of bitcoin being relatively stagnant in the past couple of months. I personally don't think that that stagnation is a bad thing in fact I think it shows some definite market maturity but that is of course just my opinion as someone who does cover pic point every day but anyway with that being said let's go ahead and jump right. what Tom Lee has to say about the future price of their quite now. He identifies three key factors that will be looking at so what should Tom Lisa Loeb and let's see if we can get this article to one hundred and fifty likes anyway folks the support has been fantastic as of late so let's go ahead and jump right in co founder and fund straight strategist Tom Lee is holding to his prediction that back when we reach twenty five thousand dollars CNBC reports we identifies three key factors that make complete the praise will search past the twentyseventeen high of course recently Pickwick dropped below the seven thousand dollar mark which has a lot of investors quite worried it lost most of the gains it made last week. which doesn't help many people believe that the price is heading up Ford however leave believes that this drop is only due to typical crypto volatility and explains his bullish stance with three major factors. so what exactly are these factors well the first key factor is the big corn production and replication costs at the futures now sure recently aired on CNBC we set the record was trading at cost because the price of production was almost people to the trading price since according to me the cost of production for the bitcoin.

Around the same cost might be quite and obviously that's not very productive and can lead to stagnating prices among the major factors. which could trigger a possible price increase we names institutional investors. who well interested in the crypt of space haven't fully entered the industry to regulatory uncertainties on this he said I think institutional investors have gained a lot of interest and they haven't really come into crypto yet because there are still some regulatory uncertainty but that's sort of ultimate allocation into crypto as an asset class is going to be a powerful reason. Why for bitcoin rallies and that is of course the second major factor that he lists as the reason for bitcoin soon returned to a bull market. so Leslie data compiled by fun strat choosy historical trend by which we recommend that investors hold on to their bitcoin. which is a common theme that comes across in Tom lease bullish rhetoric he often says that investors should not sell out at this time because the price is currently down and if you've lost money is there really any point in selling right now of course you could limit your losses and cut back a bit but in my personal opinion you've already lost what you lose and holding on is really the best message on this Tom Lee said historically ten days comprise all the performance in a single year of the bitcoins price. If you just look at those ten days record is down twenty five percent a year. which simply isn't the case so as miserable as it fuels holding pick one and its current prices the move from six grants to twenty five grand could have been theoretically in only a number of days as we've seen previously. so earlier on fun strangled visors real research placing the bitcoin price at thirty six grand in twenty nineteen based on historical averages and that's something that seems pretty likely the analysis of the relation between pick one mining costs and price led analysts to predict the crypto currencies. Range to be between twenty grand in sixty four grand by the end of twenty nineteen of course it's currently trading in the mid sixes but with all that being said the price is holding on a pretty substantial way and really. I don't think that we'll see the huge price drops that we've experienced in the past. so with that being said bet is Tom's opinion coupled with my own of course.

Image Source: https://www.google.com/

Sort:  

we are also waiting to see uptrand again

Congratulations @searchnew! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 1 year!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

You can upvote this notification to help all Steem users. Learn how here!