We NAILED it on Bitcoin, Ethereum, and Altcoins in 2017, sell Ethereum and BTC going to $25,000

In August when Bitcoin was trading at $3,346 and Ethereum at $266, I posted an article entitled "Bitcoin to hit $5,000 and Ethereum $500" and boy was I right, bitcoin surpassed $5,000 in October and has since topped $20,000 and Ethereum passed $500 in November and recently hit $881 this month. I have been a long time bitcoin HODLer, but just started buying Alts around this time and highlighted the coins below at the prices below. The gains have been spectacular to say the least.

Bitcoin (BTC) - $3,346 / 309.77% GAIN
Bitcoin Cash (BCH) - $290 / 883.79% GAIN
Ethereum (ETH) - $266 / 154.97% GAIN
Litecoin (LTC) - $45.85 / 490.60% GAIN
NEM (XEM) - $0.26 / 271.54% GAIN
Dash (DASH) - $192 / 511.97% GAIN
IOTA (MIOTA) - $0.48 / 612.50% GAIN
NEO (ANS) - $18.71 / 209.99% GAIN
Monero (XMR) - $48.72 / 571.86% GAIN
EOS (EOS) - $1.77 / 349.72% GAIN
Veritaseum (VERI) - $147.50 / 117.03% GAIN
PIVX (PIVX) - $1.91 / 529.32% GAIN
CloakCoin (CLOAK) - $4.70 / 332.77% GAIN
Waves (WAVES) - $5.54 / 146.93% GAIN
Qtum (QTUM) - $11.96 / 345.65% GAIN

For an average gain of 388.53% in 4 months and 2 weeks!! Not bad, it has paid off picking coins in the top 20-50 by market capitalization. Bitcoin was clearly overbought this month by many metrics and corrected almost 50% to nearly $10,000 and has since rebounded to over $13,000. It is now oversold in my opinion and is a value in the $13,000 range. Many are claiming the bubble has popped and that the overall market is headed lower. This has been historically the time to buy and this time is no different. I think we easily see gains of 200%+ in the years to come and could potentially see bitcoin top $50,000 in the next few years.

Many people think it is too late to buy and this is not the case. Now that Wall street has placed its stamp of approval on bitcoin through CBOE and CME futures, we will see more funds flow into the crypto digital asset class in 2018. Wall Street is late to the game and in my opinion we are just seeing them now start to come into the market in size which explains the big gains we have seen this month with bitcoin rising $10k/coin in the month of December alone. There will be many funds starting up in Q1 which will bring billions into the space. You also have investment banks like Goldman jumping in with trading desks next year. The biggest catalysts not yet apparent to the market will be Central Banks and eventually pension funds jumping in the ring. A total market cap of just $530B is peanuts to where I believe this market can go in the years ahead. I expect the total market cap of cryptos to pass $1T in 2018.

I believe bitcoin will see much higher levels in the years to come, however I believe select altcoins will outperform bitcoin. Many of the coins I have liked, I continue to like and have listed them below. I believe with the mass adoption we are starting to see, the biggest challenge for all cryptos will be scaling and adoption. Unfortunately I believe Ethereum is too far down the road on the project and even with adjustments will get passed up by other smart contract platform alternatives. Recommending selling Ethereum here at $721.77.

Bitcoin (BTC) - $13,711.71
Litecoin (LTC) - $270.79
Dash (DASH) - $1,174.98
NEO (NEO) - $57.99
Monero (XMR) - $327.33
EOS (EOS) - $7.96
Cardano (ADA) - $0.38
Basic Attention Tokem (BAT) - $0.36
VeChain (VET) - $1.28

With that said I think the safe way to play the crypto market is a large holding in BTC of 75% or more. There will only be a handful of winners in the years to come and BTC has already proved its use case and the network effects only continue to grow each year.

Setting BTC price target of $25,000 by end of 2020.

Bitcoin (BTC) price at time of writing $13,711.71.

Disclaimer: You should perform your own research and make your own investment decisions, this is not investment advice. I own or may plan to own cryptocurrencies mentioned above.