RE: Bitcoin was NOT in a bubble – the 2017 rise and the 2018 consolidation (Chaos Monitaur–34)
It has been a year since the price of bitcoin reached a peak of about $ 20,000. Is the price returning there, or even beyond? Or will it continue its downward trajectory soon? -- What you think?
For me it is very difficult to deduce whether bitcoin was in a bubble or not, it is also very difficult to predict if it continued its downward trajectory, increase its value or stabilize at current levels, due to my little knowledge of economic behavior and the little information that I manage close to the cryptocurrencies, but I would like to see the increase in them.
Mike adds that, if we see it from this perspective, an additional increase is totally sustainable and reasonable. That next increase could bring bitcoin up to $ 50,000 or even $ 100,000.
What are the odds that this happens? I do not really know, but if it happens it would be beneficial for all those who handle cryptocurrencies now. In any case the information you provide is encouraging and creates a lot of expectation in people.
I also want to sincerely thank you for supporting me by delegating a sum of SP to my account, thanks to you and the initiative of our friend @crypto.piotr who is determined to grow support among members of this community.
Blessings to you!
Pr Euclides Villegas.
Nobody knows the odds, but most in the crypto sphere are 100% certain that bitcoin will eventually surpass its previous high of $20,000.
If that sucde would be great, we pray for it to happen. Although I do not own bitcoin, I imagine that that would boost steem and other cryptocurrencies. Right?
Hi @fucho80
I think that since STEEM is being traded mostly against BTC, so if price of BTC would grow then you can expect that price of STEEM will grow as well.
@Majes.tytyty correct me please if Im wrong.
Yours
Piotr
I aint gonna correct you, cuz I do not know if you're wrong. I have no idea which crypto pairs are trading at what volume.
Nevertheless, I believe that the price of most of the top cryptos will increase, like luxury rowboats in a rising tide.