Discussion in 'Cryptocurrency, Finance, & Gambling Discussion' started by Joshi, Sep 6, 2018.
What's your prediction on BTC right now? We've been in a bearish trend for a couple of days. Will we go below 10k again or is it bullish from now on?
In my personal view I felt once we left the gates at 10k (stabilized) we were officially in a bull market. You have to keep in mind this is not the same bull market of 2017. New players are involved and bigger whales. Can we go below 10k? yes, will we recover from it if we do? definitely. why? people want to make a profit on margins. Especially the whales sitting on 25k btc .
Btc price in the end of this month? your opinion @Joshi
Nothing out of the ordinary, other than trump commenting on bitcoin and crypto potentially making it a campaign issue up for discussion for the next election. He gave a negative remark on crypto but hey bad publicity is still publicity. Only reaffirming the inevitable power of crypto on the current financial systems. Plus he just exposed crypto to his larger audience which is a good thing. I think more people are going to purchase crypto.
Your opinion on EOS
EOS is one of the bigger currencies and protocols. I believe it has potential but it isn't very exciting in my opinion. It still has a long way to go in terms of development and wider use case by the crypto community which tends to lean more towards ethereum. But as for invest-ability it would have the same anticipated performance as most other major alt coins in a bull market. They usually go up.
Ripple XRP future? your opinion @Joshi
Ripple is a mixed bag of things. On one end banks agree with the underlying technology but on the other end the banks do not want to use the XRP currency as a means to facilitate financial transactions. Which makes sense as banks use fiat and are bound by laws and regulations. To suddenly switch to XRP would create distrust within the banking system as Ripple is privatized. You would be seeing a similar parallel with Facebook's Libra Coin. Congress is looking to ban private companies from creating their own currencies which can hijack current global financial markets.
Where do you see Ethereum heading this year and the next few?
Hard to speculate further than a year or two. We need to consider so many regulations are on their way to be implemented and so forth. As for ethereum the currency I think it will have a stronghold on the marketplace and will rise to the levels we saw in 2017 at $1500 (if the bull market runs strong enough it may double). As a technology I think it is a solid protocol and is in use across industries insuring Ethereums longevity.