As of noon EST on January 7th, Bitcoin is at $39,360 and it’s looking likely it will hit and even surpass $40,000. Congratulations to everyone holding Bitcoin, I bet you’re all very happy right now.
Where will bitcoin go next?
It’s very possible bitcoin will continue to climb as we’re seeing institutional investors enter the space. Additionally, as mentioned in this news post, the SEC is allowing banks to enter the crypto space.
This may mean we’re entering the global adoption phase of bitcoin. This means it could possibly spike to $50,000, $100,000 or more in the next year or two.
That being said, this has been a long run, and it’s also possible institutions and traders will decide to take profits en masse at $45,000 or $50,000. So there may be a correction at one of these two points.
Personally, I think bitcoin is running to at least $45,000 or $50,000 before I see a correction.
Bitcoin’s run has caused a large swathe of the crypto market to post gains as well. Finally, the defi movement has also gone crazy recently, with many in the space quadrupling in value or more.
For those looking to participate in bitcoin’s run, I’d advise trying to wait for a correction. Once bitcoin hits $45,000 or $50,000, look to see if it corrects.
Frankly, I’m hoping it does, as I’d like to acquire more bitcoin myself. At this point, I don’t even know what a healthy correction would look like. A drop of 20%? 50%?
My best guess for a level of support (and possible area to purchase bitcoin) is at around $20,000. That is extremely far from where we are now though and I find it unlikely bitcoin would drop that much.
We’re in uncharted waters. All I can say is that I do hope there is a correction so I can purchase more bitcoin.
Congratulations again to followers of crypto that have held onto their bitcoin and other cryptocurrencies. We’ve officially entered the bull year and bull market for crypto.
Hey, just a heads up, there’s another guide available for free from Blockchain Decrypted!
The guide took tons of effort and has a lot of valuable information. The topic of the guide is how to make money when bitcoin crashes.
It also features a step-by-step walkthrough of how to profitably trade bitcoin in the event of a crash. You can even apply these methods to other cryptocurrencies too!
The guide also discusses where I think bitcoin is headed in 2019, further into the future and why.
It also discusses the key traits reactive traders should have.
Finally, the guide gives you step-by-step instructions on how to “short” on any exchange. Even ones that don’t allow it!
Have you ever wondered just how much money you’d have now if you’d invested in bitcoin?
Look no further!
As you can see, bitcoin is one of the best investments you could have made over the past 10 years. Of course, if you bought at the wrong time this isn’t the case. For example, bitcoin’s all time high.
But in general bitcoin has been an extremely strong asset. Even if you bought it a few months ago you’d nearly have tripled your investment.
Despite what some people say, I do view bitcoin as an investment, not as speculation.
I intend to steadily put money into bitcoin and hold it for the long term, not just for a year out. That alone puts it into the investment category, according to Investopedia.
The discussion of whether bitcoin is speculation or investment will be saved for a future post however.
A couple things I gleaned doing the research for this infographic:
It must be fascinating to be one of bitcoin’s early investors that kept it quiet, one of the “secret millionaires”. I found myself daydreaming about what I’d do with that kind of money.
Typically secret bitcoin millionaires retire, travel the world and pursue their entrepreneurial or occupational dreams. Many found new businesses and online ventures. For example, Barry Silbert took his entire company into the crypto space, to great success.
Similarly, early bitcoin miners made a ton of money too. Mining isn’t super profitable now, but you could easily have become a millionaire if you were in on it at the start.
I’d always realized that I’d make a lot of money if I’d invested in bitcoin early, but I didn’t appreciate the scale of it until I formatted this infographic.
Will history repeat itself over the next 10 years? Will we see exponential growth in bitcoin yet again? Time will tell.
Hey all, today we’ll be doing a deep dive into the past, present and future of the second biggest crypto.
Will Ethereum seize its potential or fall by the wayside?
Decentralized browser Brave has implemented Brave Ads, a system that pays its users for watching ads.
Basically, whenever you watch an ad using Brave you get 70% of the ad revenue.
But is this program all it’s cracked up to be?
Satoshi Nakamoto’s vision for modern day bitcoin has failed. In his whitepaper, Satoshi envisioned bitcoin as a form of electronic cash, a payment system designed to replace banks.
That has not happened at this moment in time. Instead, bitcoin is largely treated as an investment and store of value. Bitcoin has a fundamental issue: It has two competing visions.
The cryptocurrency market cap just broke above $185 billion, according to CoinDesk. Whales and large institutions are discretely moving vast amounts of bitcoin and other cryptocurrency off exchanges. They’re likely planning to hodl them for the upcoming price surge.
Bitcoin skyrocketed above $5,000 yesterday. Is this the return of the bull market?
Exciting news guys! Blockchain Decrypted is doing a survey with a $100 Amazon gift card raffle!
I’m looking for people with at least a basic understanding of cryptocurrency to answer some questions about a potential course I’ll be making.
If that sounds like you, feel free to sign up!
Look at it this way, if only 10 people sign up for my survey, you have a 10% chance to get a $100 Amazon gift card, free.
Seems pretty good to me!
This also means the survey application deadline is Sunday, April 7th at 11:30 AM EST. If you don’t sign up by then, unfortunately you won’t be a part of the raffle!
The winner will be shared (anonymously or with a first/first & last name, whichever they prefer) here on Blockchain Decrypted and our Facebook page.
The winner will be contacted via e-mail on Sunday at around 3:00 PM EST depending on the number of applicants.
Anyone with an understanding of crypto and an interest in online courses will really be helping me out by taking the survey. They’ll be earning a prize too.
Please note that it’s critical you put a real e-mail address into the survey if you want to participate in the raffle. You will be told if you’re the winner via e-mail.
Your e-mail will not be shared with anyone, and we will not send you a single e-mail unless you want us to.
Here’s hoping I get some participants! Thanks for reading, and I hope to see you participating in Blockchain Decrypted’s first raffle!
***UPDATE***Unfortunately, due to lack of entrants the raffle has been postponed. Only 5 people signed up, minimum participation was 15 people. Better luck next time!
Coinbase has increased the amount low volume traders pay while decreasing the amount high volume traders pay. Additionally, they’ve made the highly questionable move of removing stop orders from their trading service.