marco_mmbiz
Sergeant
- Messages
- 200
Much older then you my dear!Don`t take it personal but can you say what`s your age?
Yup...like all things in life, only time will tell what will happen to Bitcoin and other cryptocurrencies. Without any central control and responsibility, the future of cryptocurrencies depends largely on the trust that people have on them.Nobody knows what will happen next. It's summer time, so we'll most probably see this range (28k-41k) going on until maybe August or September.
Yup...like all things in life, only time will tell what will happen to Bitcoin and other cryptocurrencies. Without any central control and responsibility, the future of cryptocurrencies depends largely on the trust that people have on them.
As demonstrated by Elon Musk and other individuals, manipulation by powerful & influential people is relatively easy with their positive or negative statements & tweets.
I, like many others, too have made money from trading Bitcoin, but I would not hold Bitcoin or any cryptocurrency for any length of time.
I do trade Bitcoin but sporadically and only during weekend when other markets are closed for trading and, fortunately, have made some money too.
According to a report I came across:
Results from the recently conducted CNBC Quarterly Survey revealed that institutional asset managers believe Bitcoin will decline below $30,000 by the end of 2021. The survey asked institutional asset managers “where will Bitcoin be by the end of 2021”?, providing $30,000, $40,000, $50,000, and $60,000 as options.
Precisely 44% of respondents said that BTC would dive below $30,000, while 25% said the cryptocurrency would reach $40,000 by the end of the year.
According to the survey, 25% of the survey participants believe that the top coin will increase to $40,000, with another 25% predicting that the cryptocurrency will top $50,000 by the end of the year. The remaining 6% are the most bullish, stating that BTC will climb $60,000 by the end of 2021.
I belong to the 44%!