Thoughts are the shadows of our feelings - always darker, emptier and simpler ~Friedrich Nietzsche
What's up STACKERS!
So I'm up late at night 12:00 A.M in Las Vegas having one of those "moments of clarity" while going through my large portfolio of Cryptocurrencies. 💰
The current price of Bitcoin is at $17,200 and it had a nice run of about %11 today while being very stagnant for the last few weeks as all the money went into ALT Coins. 📊
I'm thinking there is going to be a shift happening soon and that lots of money will start moving into Bitcoin and Litcoin, away from ALT coins just for a short period of time. 😳
Don't get me wrong, I tend to HODL most of my coins and do take some profits at times but rarely unload all my positions (don't that what smart people do) but today I took some profits and went back into Bitcoin and Litcoin.
There are reason why I did this, Bitcoin will have big news in the coming weeks... the lightning network, institutional money, and influx of newbs coming into the markets... but something is telling me that we can see Bitcoin Dominance rise back up to 50% (at current total market cap) that would put bitcoin around $22,000. 📈
In the next 30-45 days... I see Bitcoin and Litcoin rising fast. Most of the new "Institutional Money" will be heading into them. (I'm not going to bring up ripple!) 🤣
This is just my opinion, if I'm wrong... I don't think it will hurt my portfolio much but these types of "Gut Feelings" tend to come out of no where from time to time.
What are your thoughts, can we continue to see the Boom of ALT Coins or can we start seeing a small selloff and people going back into Bitcoin? ... or even better yet, everything continuing to go up! 🤑
Would love to hear your thoughts? P.S. Is it me or is it also everyone else thats have a hard time sleeping as of late because all we think about is Crypto 24/7! 😅🤣
"Keep On STACKIN" 💞
P.S. For those who are interested in following my "Daily Activities" that I do in very "short form". Follow me here: @charles-fuchs.
I think the time when bitcoin goes one direction and the altcoins go the other is ending. From now on bitcoin will more and more behave just like another coin.
This comment has received a 1.40 % upvote from @booster thanks to: @discernente.
For some reason I feel a bit better with a higher BTC dominance. I took some profits also yesterday, especially from those coins with a the most runnup like ADA. TBH if I would not have to power down I would have taken some profits from Steem, too probably but that is also like pissing in the well you are drinking out.
Ripple can go back to 20 cent for all what I care.
We think alike! I took major profits at Cardano and Tron yesterday, Still have positions but thats all "house" money now. Steem is holding steady, I don't mind if Steem hangs out for a bit around $4-$6 for a few weeks and do some consolidation then shoot up from there :)
Yes no sleep here... ha ha... I say everything goes up! Hodl Ay He Ho!
Yes! I’m still up haha
Am more excited by the alto in opportunities - eg I own sia which has doubled overnight - but I think everyone should own a bit of bitcoin - just in case
Cheers
I just seen Sia make a huge run today! The Alts has just had been nuts, I can just throw darts at one and it will go up...getting scary haha
"everyone else thats have a hard time sleeping as of late because all we think about is Crypto 24/7" pretty much sums it up :)
I think Bitcoin will rise in the near term, long term I think alt coins will dominate. Just my two cents.
I agree! 😴🤣
Frankly, I am surprised by how much dominance the bitcoin still has. With the fees and the constant shit-flinging, I don't know why anyone would want to do anything with it.
I fully agree with you there @greycrasan , time for a new guy at the top
It’s just the first coin, it’s kinda like Gold... store of value and hard to use lol
agreed @greycrasan @cryptocatz @stackin but the bankers need it to be expensive as this causes the high fees so I doubt it will go down in price much will just be useless as a currency, with their preferred replacement being ripple
Your thoughts are logical. I think it would be healthy if 20-30% of the marketcap coins top 2-10 would for the largest part would go to BTC and the rest to > top 50 coins.
Greed has decreased BTC dominance in my opinion. BTC just does not go x10 in the short-term. Newcomers want this x5, x10, x100 so usually sell off their BTC to chase those insane profits. The story ends at some point either with not having found those profits and being disappointed or actually having made those profits. More people would like to find a bit more safe haven for their profits, but don't want to go out of the crypto space. A store of value like BTC (or maybe LTC and Monero?) seems like a good option then.
After a while in BTC people get bored and will start going for the alts again :-P
You are bustin out the truth right there, let’s see what happens lol
@stackin I Like LItecoin a lot and have been focusing there lately. I don't own any currently because Binance is not taking new registrations, but TRON could be BIG because of TRON Dogs. I will look you UP when I come up to VEGAS again Soon.......
The tron dogs, hype machines lol
yo, what´s up?
I would go with alt coins rather then BTC ... BTW is pretty much outdated and so many new & innovative good coin & token coming up that BTC will have difficulties to keep up with their fast growth
Also most of the altcoins technology is gonna be a lot better then the one of BTC
don´t ya think so @stackin?
Yeah but there will be the “flipping” soon. Hundreds of billions of institutional money will go in bitcoin first and many we’ll sell alts and go back in bitcoin. This will happen pretty soon, the bitcoin will fall again and back to alts lol
yea... back´n forth all over again :)
Well, I believe institutional money will come pouring in this year given all the hype of crypto currencies. While we might be able to make short term profits, I'm still holding on to a long term perspective. Quite sure ADA and the other altcoin markets will see a huge run up this year.
Totally agree, most institutional money will go into bitcoin and Litecoin first and trickle down 😀
Bitcoin can cause some fear and alt dumps for the short time but I think everything will boom. Having some BTC is mandatory, that way you can enter promising alts when they have an awesome discount. :P
Smart guy right there 😎
I think bitcoin will go up to 50k $ in next two month. I believe Peter Thiel.
Peter Thiel, "Pick 5 things you believe in... THEN GO ALL IN" haha
I prefer alt coin than bitcoin
bitcoin lost its dominance from 56 to 37
in just one month
Good night @stackin
Have good sleep
I will be up all night, Crypto Lifestyle lol
Bitcoin debut in the futures market was a calculated move. Those scam bugs at wall street now have a choke hold on bitcoin. They have already run their tests and now they know how much money they need to game bitcoin. It will not be allowed to undermine fiat money. Expect sharp nosedives every time a new high is reached. My detailed thoughts are captured in this post; https://steemit.com/cryptocurrencies/@thekenyan/my-interpretation-of-the-explosive-price-of-bitcoin
Well I actually believe bitcoin will increase in price more than we all expect it to.. Holding some few altcoins won't also be a bad idea, who knows a little altcoin can be just more than the mighty Bitcoin ..
Short term, around 23k then back to alts lol
it clearly shows that bitcoin is not gonna listen to anybody saying scam ,ponzi,or whatever it only listen to the people who believe in btc .im sure that it not far when we can see btc @ around $25k.
Bitcoin is legend, no one can mess with it even though it's old and slow lately haha
yea ,its the only thing which cannot be controlled by anyone
I strongly also believe that bitcoin would skyrocket in few weeks time....this year would defintely be a BIG year for cryptos. I am Stuck in the crypto world
Haha I know your feelings. Often the first thing I check in the morning are my cryptos and before going to bed too :)
Looking forward what will happen in the next weeks in the crypto world :)
At the end of the day, 2018 will be the year of crypto! :)
Yes I hope and think so :))
There will certainly be lambos, bitcoin is back for another bull run. I'm ecstatic and hopeful.
Waiting to get my steem lambo 🤑
The boss of JP Morgan was unequivocal about bitcoin at a recent conference in New York: the digital currency was only fit for drug dealers and would eventually blow up. “[It] isn’t going to work,” said Jamie Dimon. “You can’t have a business where people can invent a currency out of thin air and think that the people who are buying it are really smart.”
😂😂🤣🤣😂😂😎
hey Charles ... I think alt coins will take over an gonna make huge jumps in commparison to BTC. However as BTC will for most of the alt coins be some kind of reference always be somewhat connected - at least at trading sites like bittrex - BTC will most likely increase massively too
Not in the short term, financial institutional money will focus and go into bitcoin in 3 months but agree with u later part of the year 😀
These people needs oxygen tanks after buying at that price 😂
Just use a credit card hahaha
@stackin Diversify is key. Just not necessarily agree with the back tracing. Based on what I know of the lightning network, it might be a short lived ride of bitcoin. Best wishes :) Steem on.
Did you just change your picture 😄. I have to get use to this one now lol.
Yes. I'll probably change it again :)
Haha I'm here at 3 am can't sleep and reading your post. It looks like bitcoin is leveling out but I'm not sure about 22k. Some major news would have push it that much.
It's been like this for months for me, I can't sleep is I keep checking charts and new cryptos all day haha. Bitcoin needs a run up to $19k then to $23k. I believe lots of Institutional money will start flooding in the 2nd and 3rd week of Jan! :)
Such a wild ride! Institutional money will potentially increase the Bitcoin and Litecoin, but let's not rule out Ethereum as new European contract laws take effect... Then the alt coins will have some 'sploding to do, Lucy.
Truth, ETH can rise but kinda left them to go into ICON and EOS instead :)
:) Understandable.
I'm keeping my eye on this, as well, though: https://www.coindesk.com/european-commission-to-assess-potential-of-eu-wide-blockchain-infrastructure/
Since you declined to talk about ripple,am asking what your opinion on it is.
Most guys on Steemit here say it ain't decentralized!!
I can't say anything bad about it, tons of people made money with it... however, its centralized and it's "the bankers" coin in which us "freedom lovers" do not love :)
First off that meme is hilarious. I could definitely see bitcoin rising as you noted. I’m particularly bullish on Litecoin. Just a gut feeling.
Try to get some sleep :)
Same feeling about Litcoin, it's pair bindings on all exchanges along with bitcoin, Institutional money will go into it also.
Definitely time for everyone till fill their BTC bags a little bit. I took my TRX and ENJ profits and put half into LTC and then probably play with the rest a little bit.
I do at least hitting the 20K marker and if not rising past it a little bit.
I can see Litcoin going up to 1k within 3 months, I might be wrong... but Just got 10 Litcoin 12 hours ago at around $240 :)
Got in a little higher but just got a little bag myself! Now we can sleep on it for a few months.
I think the price of Bitcoin still have a large potential and all that news you had shared about Bitcoin. And other currencies. I don't think there is any negative news about cryptocurrency . I am positive on its price.
i think bitcoin going to the moon....
btc price rise means it also help to rise other crypto coin, hence invest in crypto is wise decision.
I will be up !
I agree, I’ve Posted earlier that I sold my alt coins and put it into Bitcoin.
I believe a shift is about to happen, could be wrong, but in my opinion, with alt coins, we will see them drop and money will pour back into Bitcoin.
:D nice meme
Good story 👍👍👍
Steem is an altcoin. And i want steem price up)
It's better to be positive about Bitcoin because those guys saying it's scam now, might regret it in the next 10 years.
thanks for the important info
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bitcoin will keep on moving up and up..and it is better to have some bitcoin in your wallet :)
i think bitcoin will gonna rise couse many people still dont know about this and soon they know about it they will try to invest so yeah after some days it will go up couse its kind of new thing for the world and everyone will like to take ride so far
Bitcoin will reign for some more years
-cheers-
kind of very strange i think for the first time ever may be but their will be Bugatti soon ;)
Interesting thought! Didn't realize Bitcoin's dominance was all the way down to 37%.
I think the bitcoin for the middle of this year in June July will be at 25,000 dollars or maybe more everything depends on how the demand is, unlike 2016 in 2017 the cryptocurrencies have had too much flight all the people in 2017 have left the tabu and they have become more involved in cryptocurrencies.
I think it can still go to a million, but it will have to roller coaster.
exactly There are reason why I did this, Bitcoin will have big news in the coming weeks... the lightning network, institutional money, and influx of newbs coming into the markets... but something is telling me that we can see Bitcoin Dominance rise back up to 50% (at current total market cap) that would put bitcoin around $22,000.
Now Altcoins combinely showed its power
Bitcoin is the king & benchmark of cryptocurrencies..Although other have geared up