Is bitcoin's price going to take a dip down to the $2200 mark?
Just came across this article which says the price of bitcoin might go as low as $2200. Would love to hear what the experts here on steemit have to say about this. Should i start saving some money to to buy some bitcoins soon?
https://www.cnbc.com/2017/08/14/goldman-sachs-says-bitcoin-may-rise-about-500-more.html
I'll fill my boat at 2.2k
I don't have a boat to fill but i'll try to get as much as I can afford hahahaha xD xD xD
Isn't it always a good idea to be saving money to invest in Bitcoin? Take a portion of your paycheck and set it aside for bitcoin, find a good buy point and get in. I'm definitely kicking myself that I wasn't able to accumulate more bitcoin back in July when it dipped below $1800 .
I think a pullback soon is definitely likely, but then again the crypto space often does things that seem unlikely. We may see an other rocket ship soon! If we do though I think it would definitely be good to take some profits off the table at that point and wait for it to deploy the parachute and come back down a little bit.
Yes i agree, but the issue is i'm still just a student and you know how student life is hehe. It's not always possible to save up.
I teach kids english on weekends ( i can works only 1 day a week as i get piled under medical studies rest of the week haha) and whatever I earn isn't enough to make big investments. I have about $500 saved up from last semester, which i agree is probably not significant. So if there's a chance the price might take a good dip, i'll try and save up a bit more.
What do you think?
I highly doubt Bitcoin will drop this lower ever again. If it did I will be buying a ton more haha
For the sake of beginners in crypto like me, let's pray and hope the price takes a dip hehehe xD!!!
I see where you are coming from but there is nothing to worry about haha. The price for Bitcoins at the moment is very cheap. They will be worth over 1 million each in the next 10 years or so. It's not to far fetched to expect the market cap of crypto's to reach the market cap of gold over the next 5-10 years, to put that into perspective it's another 100x across the board :D
I have been hearing that a lot too. But i'm a little bit skeptical about that haha!! I mean 1 million is a long long way to go. Not impossible, but with the emergence of other great cryptos with faster trancaction speed and cheaper transaction fees, bitcoin will have a hard time reaching 1 million. Just my personal view on the matter.