If I had to make a guess as to the price trend over the next few months, I would say that the fact that Bitcoin has just broken the apr 2013 high would lead to panic, maybe including some news articles about the death of Bitcoin. If I had to guess how far the price is going to drop, I would say somewhere between $150 and $100 for various reasons, including the fact that $100 is a big round number. I’d guess that maybe the drop would stop in April, around the two year anniversary of the previous 2013 bubble pop, as this will generate publicity and remind people of the possibility of another bubble.
And in previous bubbles, altcoins have bubbled faster. Bitcoin is simply too slow for over-the-counter payments, limiting its use. But dogecoin (cryptocurrencie’s doggy-themed comic relief) has a 1 min block time, 2.5x faster than litecoin. I’d predict that dogecoin will increase in value more than bitcoin if there is another bubble. For the truly risk tolerant investor, dogecoin offers much risk, such reward.
But I wouldn’t say any of this with especially high confidence. Also, it’s not investment advice.
If I had to make a guess as to the price trend over the next few months, I would say that the fact that Bitcoin has just broken the apr 2013 high would lead to panic, maybe including some news articles about the death of Bitcoin. If I had to guess how far the price is going to drop, I would say somewhere between $150 and $100 for various reasons, including the fact that $100 is a big round number. I’d guess that maybe the drop would stop in April, around the two year anniversary of the previous 2013 bubble pop, as this will generate publicity and remind people of the possibility of another bubble.
And in previous bubbles, altcoins have bubbled faster. Bitcoin is simply too slow for over-the-counter payments, limiting its use. But dogecoin (cryptocurrencie’s doggy-themed comic relief) has a 1 min block time, 2.5x faster than litecoin. I’d predict that dogecoin will increase in value more than bitcoin if there is another bubble. For the truly risk tolerant investor, dogecoin offers much risk, such reward.
But I wouldn’t say any of this with especially high confidence. Also, it’s not investment advice.