Bitcoin To $38,000?

▶️ Watch on 3Speak


This is the prediction of MIke Novogratz. He believes we will see a big pullback in BTC from here.

In this video I discuss the idea of buying the dip and how HODLers of Bitcoin tend to do very well. It is all a matter of perspective.


▶️ 3Speak



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13 comments
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Bang, I did it again... I just rehived your post!
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It’s a possibility of stocks decline. Stocks held up better than I expected today so we will see if crypto picks up.

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It could be a risk off move. I think cryptocurrency and stocks will still follow each other to a degree. They are riskon trades.

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ive learned to not grab a falling knife.

just wait for the sideways crabwalk to buy back in.

this market has zero momentum.

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I stepped in with my hands open. Bought a bit.

Posted Using LeoFinance Beta

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Indeed I saw that.
Good lucks!
I hedged into BUSD/CUB and LEO to get them airdrops and such.
You got plenty of LEO though :D

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The fact that 18 mil BTC have already been mined is probably the main reason why BTC is not repeating the pattern of the market in 2018. I also believe this year some alts are going to decouple from Bitcoin's performance. Probably not all of them, but some will. LINK for example has performed very well during the past bear market.

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Could be. Although the pullback from the high is pretty large and no signs of being done.

This is a rather large move down no matter how we look at it.

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Personally I was waiting for Bitcoin and my other favorite, Litecoin, to bottom out around the end of January. So basically I’m targeting my buying for around late January or early February. Unfortunately, a short term financial situation has forced a restructuring of my crypto strategies. Hopefully I’ll be positioned to reinvest just before everything starts to increase.

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Why are you so optimistic about Litecoin?

I am curious. I have some of that too.

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(Edited)

Its kinda like bitcoins little brother IMO, only a ton cheaper. Its legendary and OG, the time its spent surviving as a currency is testament. It is only currency too so its never going to not deliver on it promises. Since Charlie lee sold his stack and distanced himself from it its decentralised enough and been around for long enough. The mining side of it also supports its value since its scarce and not far from satoshis genius POW economic model. Big money will only touch crypto that is big in market cap sn survived long enough to prove itself. This is why Paypal have a few cryptos and lite coin is one of them. This game is all about branding and basically human phycology.
Litecoins biggest problem is other coins stealing its lunch which is why it has not been seen as performing like it could or should. What can be said though is many of these coins will dissapear after there day in the sun and lite coin will just be lite coin and still around. In 20 years who know where it will be in terms of position but i think compared to many it will do well, enough.

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No technical or financial reason really. Just the fact that I can usually buy a full (or nearly full) coin. Compared to Bitcoin or Eth. I also believe that as Bitcoin rises, they all rise - so I’m hoping I’ll be able to make back the amount of Hive I’m cashing out now by getting back into Litecoin.

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