Bitcoin briefly went below $4000 before climbing back up again!
Two of my previous posts have been entirely about Bitcoin. Bitcoin is in the news, on social media, on websites. It’s gaining traction from everywhere, faster than ever.
So, what is this post about?
It’s just here to stay as a record that I posted this news. It also signifies that there’s probably some resistance at $3900-$4000 right now.
Umm, I think that Bitcoin will reach $5000 before 2018. I don’t think it’s a stretch. It’s an easy target for Bitcoin. Regarding bubble and bursting, I don’t think that’s gonna happen anytime soon or ever at all. There’ll certainly be some correction but that won’t last long. Moreover people investing in Bitcoin are often told not to invest all of their money in it since it’s volatile and they may risk losing it all but even if they do it won’t matter because you don’t need all your money at once. When people realize it they’ll be able to live with it. And guess what? It might also help make the currency less volatile.
So that’s all, if you have anything to add to this article feel free to do so in the comment box below.