This price drop is not surprising to me at all. A few days ago I thought we would see the beginning of consolidation phase though we had the extra bump over the weekend. I have been telling people to wait for this before buying. We could see the price head to 45-55k possibly lower at moments though this won't last forever. So much has happened in the last few weeks heads are spinning. It becomes clear that everybody should own at least some BTC . How much is up to you I recommend buying just a little so if prices fall in the near you dont feel like you are out. Don't forget you are not losing anything when the price swings so (you didn't make anything either until you sell it at least) that is what BTC does. So how much would I tell my friends to buy? Between .1 and . 01 , but not today. Why? I expected this correction, now it's time to get ready to buy. Open an account with an exchange if you're savvy, or invest in a BTC carrying company, Google it.
So my prediction on what's next for BTC? We are still clearly on the str8 up! This is the beginning of a year of unbelievable growth that won't end here, and it won't end next year either! Why am I so confident? Simple, Several major names invested into BTC , this took the decade before it to prepare for this event. This started with halving (reduction in mining reward to stimulate growth and shrink the coin pool) Fiat devalued by the pandemic fueling investments in new places… The list goes on about some kind of perfect storm ultimate store of value. So why 100k? Thanks for asking. When businesses are buying bulk and are predicting numbers, well they can afford to keep buying for less than that and drive the price up alongside everybody else who sees what's happening and understands what's happening here.
I was in a conference call with a group of investors last week. They needed my help setting up an account and getting it funded. A direct quote from them “There is a reason Steve is the only one of us to own any Bitcoin” I understand the complexity that is BTC . So I would work on getting those accounts set up. Large exchanges will require you to verify your ID. If you think you would like to hear more from me let me know I may start some kind of youtube channel or something.
So my prediction on what's next for BTC? We are still clearly on the str8 up! This is the beginning of a year of unbelievable growth that won't end here, and it won't end next year either! Why am I so confident? Simple, Several major names invested into BTC , this took the decade before it to prepare for this event. This started with halving (reduction in mining reward to stimulate growth and shrink the coin pool) Fiat devalued by the pandemic fueling investments in new places… The list goes on about some kind of perfect storm ultimate store of value. So why 100k? Thanks for asking. When businesses are buying bulk and are predicting numbers, well they can afford to keep buying for less than that and drive the price up alongside everybody else who sees what's happening and understands what's happening here.
I was in a conference call with a group of investors last week. They needed my help setting up an account and getting it funded. A direct quote from them “There is a reason Steve is the only one of us to own any Bitcoin” I understand the complexity that is BTC . So I would work on getting those accounts set up. Large exchanges will require you to verify your ID. If you think you would like to hear more from me let me know I may start some kind of youtube channel or something.