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RE: Bitcoin To $65000 In 2018 - Bitcoin ETF Explained !

in #bitcoin6 years ago (edited)

I think there is no doubt that we'll see BTC price soar above previous highs - once ETF investing becomes more common. But, when that will happen is anyones' guess.

So far, the World Banksters and the U.S. Dollar have proven to be remarkable in their ability to scare everybody out of most of the "real" asset classes and into the fake /fiat dollar. As long as the dollar illusion continues to be generally accepted - or obscured by epic market manipulation - it's hard to tell exactly when the dollar will start to actually fail. I do not believe that it is out of the question for Banksters to literally go to war and fire off nukes in order to remain in control of currencies and real assets. Extreme measures will be taken, and it's anyones' guess how it will all shake out.

If 2018 has demonstrated anything to the crypto world, it is the fact that cryptocurrencies are just as prone to manipulation as any other currency out there - despite crypto fan-boys insistence that they are resistant to manipulation by banks and governments. In the future, it may become the case that cryptos are a better form of currency than what we are using today. But, for the time being, they are still a huge hassle for the average person to learn how to buy, invest, or trade with.

The game-changer for cryptos will not be "mass adoption," as many like to point to, because most Americans have heard of, bought, and sold some form of crytpos by this point in time - and they are not impressed. It will be "mass use" in everyday transactions. Until cryptos become much easier, cheaper, secure, and used for everyday transactions - I am not going to hold my breath for $65,000 BitCoin. Actually, if and when we reach a point of "mass use," 65K is probably a conservative guess. But, we still don't know if or when cryptos will ever even achieve thier potential. It could take much longer than we think - or it could happen next month.

There are tons of great use examples and possibilities for cryptos. However, they remain unrealized to this point in time. This "rocket to the moon" is off to a very coughing and sputtering start - and it doesn't feel like a very good ride if you're sitting on top of that rocket right now.

Right now, it's still all highly speculative. Buyer beware!

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@bi5h0p what you said is very much true but we all know our market need lot of positive news to get back on track and this is one of those news which can really bring it back on track to cross its ATH this year .