Viewing a response to: @drumsta/ta-bitcoin-correction-is-over-price-projection-49225usd-by-may
Nooooo! I still haven't made lots of money to buy bitcoin, so that I can make lots of money, yet. Very nice clear drawings on those charts. And I agree with you on all those lines. The only matter will be how much money is allowed to flow into bitcoin. If there is ever a break in the dike hold back people from investing in cryptos, then we may miss this 40,000 US$ forecast. It could be like, one day bitcoin is trading for 10s, and the next day 100s.
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| author | builderofcastles |
| permlink | re-drumsta-ta-bitcoin-correction-is-over-price-projection-49225usd-by-may-20180126t181004662z |
| category | bitcoin |
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It's highly unlikely that general public will somehow be prevented to participate in this market. Maybe in some countries, but not the whole world.
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| author | drumsta |
| permlink | re-builderofcastles-re-drumsta-ta-bitcoin-correction-is-over-price-projection-49225usd-by-may-20180126t204954700z |
| category | bitcoin |
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I know people who would like to buy more cryptos, but can't, because there are bottle-necks in converting paper to crypto. Banks only let you send so much money. Exchanges only allow so much money. And CCs only allow so much money. So, right now, even before this next run-up, we are seeing a squeeze on capital flow. Of course, ways around it are going to be found. I feel one of the biggest will be exchanging physical property for cryptos. bitcoin's price will be $40,000 or 1/3rd of a house.
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| author | builderofcastles |
| permlink | re-drumsta-re-builderofcastles-re-drumsta-ta-bitcoin-correction-is-over-price-projection-49225usd-by-may-20180126t211209573z |
| category | bitcoin |
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Check out the second part of the argument https://steemit.com/bitcoin/@drumsta/crypto-market-cap-forming-head-and-shoulders-pattern-are-the-markets-going-do-go-down-further
| post_id | 29,042,535 |
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| author | drumsta |
| permlink | re-builderofcastles-re-drumsta-re-builderofcastles-re-drumsta-ta-bitcoin-correction-is-over-price-projection-49225usd-by-may-20180129t232121705z |
| category | bitcoin |
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