Bitcoin Price showing signs of Possible increase next week

CryptoGuru Level X³

October 20, 2016, 8:10 pm

8

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We have been all watching the Bitcoin price from my posts and otherwise. I recently discovered that Bitcoins Price fluctuation is indicating that in another week or so we will see a Big jump. Bitcoin recently increased from 590 finding a new low at 620, but what does this mean? This means that Bitcoin will unlikely fall below 620 and will more likely increase. Bitcoin has also hit a High of 645 in the past few days and now its 630. What this means to me is that Bitcoin is retreating and preparing for a big increase. If you do your research you will find that every time Bitcoin hits a new high and then falls to the low its a short time before you see a 10-15% increase. With the halving just happening in July the chances of this happening are higher. It is hard to explain but what i will confirm is this. If you have not invested into Bitcoin Yet you should do it now while Bitcoin is at the new low.

As always thank you for reading please don't forget to follow me.

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anwebservices

anwebservices

From your posts on community discussions i see you are very much into this bitcoin things, while i never tried anything about it and it just doesn't interest me, but i wish you best of luck with this kind of money making.
I understand your advice about buying while it's price is so affordable, but from beginning of bitcoin era, something deep inside me is telling "it's just game, don't do it"

Not sure why

10 years ago

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CryptoGuru

CryptoGuru

Bitcion is here to stay and many people feel the way you do. The thing you have to think about is whats more important? Fiat cash that can be taken away from you at any time by government entity Or a currency that can only be accessed by the owner? When it started it was less than $1 a coin now its way above 600. Bitcoin is more than a novelty currency nowadays. Its a movement that is shaking money as we know it. I will continue to keep you updated and informed thanks for responding and reading.

10 years ago

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hitmeasap

hitmeasap

Thank you for the information jkeyz2, I appreciate it as always. I'm still eager to see if you're correct in your assumptions and I look forward to your upcoming bitcoin post. If anyone would be interested to invest in BTC. How much do you believe would be a fair investment, in terms of money, and how long would it take, by your thoughts and from your perspective, to profit from such an investment?

Let's say I would want $1,000 or $10,000. As soon as possible. How much would I have to invest and how quickly would I be able to reach that, by your calculations?

10 years ago

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CryptoGuru

CryptoGuru

If you purchased 20 coins and held onto them over the next 6 months you will go from 12,000 to 20,000. Thats almost guaranteed because the price is increasing and as been since 2013. I hope you do invest because now is the time before the spike happens.

10 years ago

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hitmeasap

hitmeasap

In case that would happen, that would be a profit of $1333,33 per month. ($8000 profit / 6 months = $1333,33 per month.) That's almost as much as an average salary, after taxes here in Sweden. - That's pretty insane actually. Unfortunately I can't afford such an investment at this time, but I truly hope that I will be able to invest shortly, as I can totally see a huge potential in BTC. At least over the long haul, which is how you should invest in BTC in my opinion, even though you could rake in tons of profits short term too.

10 years ago

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CryptoGuru

CryptoGuru

Bitcoin is for short term and long term investors my friend. Bitcoin is not shy as long as your ready to make that leap. You could start buying small amounts of BTC on a weekly basis and it will add up and increase in value over time. BTC has increased 150% over the last 3 years, and shows signs that its going to keep increasing. Average salary in Sweden is 1300? It most be cheap to live their and own property. I could not survive off of 1300 with three kids but hey everyone is different. I have seen documentaries of people in South America who live on one dollar a day or less. If you wanted a short term return the best time to invest is shortly after Bitcoin drops down to the low price after any spike or consistent movement. Its hard to explain but you could trade BTC and build your portfolio really high up. I hope you do take the chance to invest i guarantee you that it will be the best investment you have ever made in your life. Thanks for sharing!

10 years ago

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hitmeasap

hitmeasap

Thank you very much for your reply jkeyz2, I appreciate it.

Well, $1300 is a bit too low actually. But let me put it this way instead. A lawyer in Sweden earns about $5600 per month. Before taxes. And due to the high income, they have to pay around 45% in taxes. So they get about $3100 or so, after taxes. That income is considered to be a very high income in Sweden.

If you work in a typical grocery store in Sweden you'll earn about $2500 per month, before taxes. So after taxes you'll have about $1800 - $2000 left. - Sure it's more than $1300 that I mentioned earlier but I also said, "almost" and "after taxes".

And yeah, I can see how a small investment of BTC could be a great investment over time. Thank you for sharing!

10 years ago

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Corzhens

Corzhens

I agree that the Bitcoin can be valued high but it can also be valued low. In other words, the valuation is fluctuating that you cannot rely on just the value for today. Who knows if tomorrow the value will soar or sadly it will dive. The reason why I don’t trust Bitcoin is because I don’t have a clear understanding of the nature of the crypto currency. Where is it coming from and who is dictating the value?

8 years ago

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