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February 26, 2018, 08:09:46 PM |
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I would say, give btc one more year. Beyond that though, I believe the old horse will finally be overtaken by eth.
In most bubble economies, the market can reach trillions of dollars before bursting. What that means is that, even though btc may seem expensive, it is actually still in its infancy and can reach 40 to 50k prices. At the rate that it's been going, it will hit that easily this year. Me personally, I believe around 40k will be the peak of bitcoin. Remember, this last bull run two months ago saw btc jump from 8000 to 19k. By all indicators, the market is setting for another one, probably bringing the price to 25k.
My exit strategy is simple, Once btc hits my projected price I am selling off half of my investments for cold hard cash. The rest I am going to migrate into what I believe is the next "king of crypto" Whether that be eth or dag projects, I am still researching.
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