BitcoinLong
Time to set the record straight on $BTC #Bitcoin
People been calling the bottom on BTC for almost a Year now. I'm here to set the record straight. After analyzing several charts of the past surges and consolidation periods and the time lengths in between it seems they correlate with halving periods, the next of which will occur on May 26th 2020. The last halving occurred on July 9th 2016. Crypto began rising steadily afterwards as the supply of bitcoin rewards were reduced by half and the difficulty rose. By Jan 2017 Crypto began and almost steady rise into July-Dec of 2017.
Now with the upcoming it may be different this time as the rise of bitcoin should predate this one by almost a year, so it is safe to assume bitcoin should start rising steadily around the May date of next year. What will BTC be by then? Safest estimate would be around $1,500 a good area to begin accumulating would be $2,000.
However as I usually much prefer a much faster and higher ROI on my investment I will be looking to jump straight to Alt coins this time. Namely the more dominate well established ones that have already maxed their supply or about to max it and do not have an unlimited supply.
A mistake I made last year was also investing in cloud mining, which was the biggest waste of money and ultimately the biggest write-off I will have on my taxes this year. I do not recommend cloud mining especially with the unpredictability of Bitcoin and until the difficulty drops wayyy lower than it is now (Which probably won't ever happen again.)
Now with the upcoming it may be different this time as the rise of bitcoin should predate this one by almost a year, so it is safe to assume bitcoin should start rising steadily around the May date of next year. What will BTC be by then? Safest estimate would be around $1,500 a good area to begin accumulating would be $2,000.
However as I usually much prefer a much faster and higher ROI on my investment I will be looking to jump straight to Alt coins this time. Namely the more dominate well established ones that have already maxed their supply or about to max it and do not have an unlimited supply.
A mistake I made last year was also investing in cloud mining, which was the biggest waste of money and ultimately the biggest write-off I will have on my taxes this year. I do not recommend cloud mining especially with the unpredictability of Bitcoin and until the difficulty drops wayyy lower than it is now (Which probably won't ever happen again.)
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