Bitcoin at all time highs by doctorjohn

bitcoin · @doctorjohn · Nov 16 '17

$2.55

Bitcoin at all time highs

This afternoon, bitcoin bounced very close to $8,000.  This is amazing and should attract a lot of attention.  Overall, it is a play against the dollar and dollar denominated funds.  ![drjohnthumb.JPG](https://steemitimages.com/DQmdbXqH7q8xdGDP8jALNUmf89QLVJaEHv5rUgMuDtc5grD/drjohnthumb.JPG)

The remainder of 2017 and year 2018 should be the time when the masses begin to pay attention.  I suspect 2018 will be a year of economic revolution.  Be prepared.

I hope to give my children a hardware wallet for Christmas.  

The world is spinning quickly!  While writing this post, the bitcoin price has dropped $200.00 to $7800.00.

FOMO is an acronym for Fear Of Missing Out.  FOMO plus old fashioned greed will be obvious for a while.  As prices jump, I expect alternatives in the crypto market to follow.

SMTs will be a critical part of the Steem story.  There is a learning curve which must take place for those who are new to blockchain technology.  This learning will take several months. In the meantime there is opportunity to watch the markets for buying opportunities.

Here is today's beauty.

![skipper.JPG](https://steemitimages.com/DQmYarEfDy5JzDnHdjLYrPsEbB4fVVwJi99ETjKuwsHCi88/skipper.JPG)

👍 teamsteem, raybrockman, doctorjohn, d-pend, tombalistreri, denmarkguy, francisk, pnc, berkah, thedarkhorse, mrs.agsexplorer, bitcoiner, gniksivart, abbijulie, socialspace, onlineprds, greenstar, pets18, pipiy, sclyuev, oleshs, sklif, gelinka, shachetefins, zhiga, lavateva, natra, lamech-m, hitmeasap, lauralemons, shariarahammad, turymenecier, egtech, mindsportsio

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@thedarkhorse · Nov 16 '17

$0.07

People need to understand that more news surrounding Bitcoin the more people get curious about it. Then a friend or two buy a little and the price goes up. More people get curious as they hear about this. Then they bite the bullet and purchase a little, stick it in a wallet not to be traded but for long term investment.

This constant increase in curious people buying a little here and there adds up quickly and it shrinks the available pool of coins to trade. Most new crypto investors are going to stick their coin in a wallet and hold very long term. This helps support increasing prices.

👍 doctorjohn, thedarkhorse

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@denmarkguy · Nov 16 '17

$0.05

I think things will get more interesting when Bitcoin no longer has total market dominance and people start thinking of this "industry" as not just "Bitcoin" but "cryptocurrencies." But we're still pretty much in our infancy around here...

👍 doctorjohn

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@gniksivart · Nov 16 '17

$0.05

I need 8000 SBD and hope BTC drops to 4000 BTC so I can own 2 BTC. Anyone want to donate.

Hardware wallet would be really cool. Paper wallets are fun as well, but not as cool.

👍 doctorjohn

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@nirob · Nov 17 '17

$0.05

I'm somewhat worried about Bitcoin's up and down. It is a very short distance. Although bitcoin is considered to be above the overall aspect, even then the racks are the same.

👍 doctorjohn

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@francisk · Nov 17 '17

$0.05

@doctorjohn
I think that Bitcoin will do just fine. The ten thousand dollar number can't be too far away. Then after some consolidation. On up from there.
jmho

Francis

👍 doctorjohn

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@onlineprds · Nov 17 '17

$0.05

Great.  Waiting for the year end target of $10000.

👍 doctorjohn

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