02-24-2021, 12:01 AM
(02-23-2021, 02:51 PM)xdude Wrote: I thought to revive this topic rather than starting another since there isn't a huge interest in this among members and this topic already has lots of good information. When I started this topic in September 2018, the price of a BIT coin was 7000 USD. Many said that's a max it will rise and soon it will fell beyond salvage. It did fell around 3500 USD in 2019 but after that has never crashed again like that. So today Feb 2021 price of the coin is 48200 USD. Even if you bought for 7k in 2018 today your profits would be crazy high.
From my POV, Bitcoin is the most bluechip coin. It won't go out of trade since, I guess, Bitcoin is the starter of this cryptocurrency. Therefore investing in Bitcoin really a good deal. We won't know that if in two years you bump this thread again, Bitcoin probably already in 100k or 200k USD.
But yes, since it's already high, it's pretty reasonable to afraid that the price will go down in few months. It may be back to 30k-40k first then sideways then go up again. Gotta watch out the resistance and its support. AFAIK Bitcoin is following its technical analysis pretty well.