| json_metadata | "{"app":"musing/1.1","appTags":["bitcoin","blockchain","steemit","money"],"appCategory":"bitcoin","appTitle":"When is bitcoin expected to rise again?","appBody":"<p>BTC has one price that it needs to cross which is at 4900 roughly to rise above. Every single chart for everything that is tradable on the market can be seen on a chart. Bitcoins current hurdle of 4000 USD per btc. It hovers around this price at the moment as everyone is still unsure of the price. It's a constant battle between the sellers and buyers. The buyers aren't convince that BTC is to rise. </p>\n<p>I guess on the good side at this moment of time, its at the moment at a stable price. There isn't any free fall meaning that all the seller and buyers are in agreement that the BTC is worth this price. If BTC can hit 4900, it can accelerate upwards, I am not sure how much as it can't be predicted. There is an analyst following who mentioned that this new dip is going to boost BTC to around 30,000 as such dips have happened in the past. If it is so. I know what your thinking, what would be each steem worth? If indeed BTC is going to go to 30 k then steem would be worth around 30 a piece. This is just a hypothesis. I think the best is to just hold on to half of the steem or btc or other cryptos you have earnt and the others you can withdraw to use. This is to ensure that we can at least still gain on the cryptos that we have hold on to and if it doesn't at least we have enjoyed somewhat some portions of it. </p>\n<p>I think the best thing is to wait and see. Just look at it on the long run. Short run it is hard to predict. There isn't anything that backs bitcoins like stocks which rely on the dow jones and profitability. BTC is something for a bet at the moment. I guess it can still have a chance to rise. It won't immediately rise to 20k as if it does, it would dive down rapidly. </p>","appDepth":2,"appParentPermlink":"f3ej7qraq","appParentAuthor":"nattybongo","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
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