Bitcoin on the grind but don't despair

We all thought bitcoin had made its comeback and was ready to shoot past the $10,000 mark and make its march back to 15,000 to 20,000. Bitcoin has struggled to reach and stay above the $10,000 mark. People such as myself who are mining sha-256 abitcoin algorithm and holding bitcoin since Dec 2017 -Jan 2018 when bitcoin was at its peak, this has been a slow grind. The rumor is that allot of bitcoin miners are getting out of the business, this was told to me by a fellow steemit member Hive account@inspire1 who has yet to write his first article :). I can totally understand the discouragement that people feel but don't despair.

https://www.cnbc.com/2018/05/10/bitcoin-could-soar-as-high-as-64000-next-year-fundstrat-predicts.html

in this article Evelyn Cheng reports that research firm fundstrat predicts a $36,000 bitcoin by 2019 year end with a range of $20,000 - $64,000.
In my opinion this is not blowing smoke because if you look at the historicals of bitcoin and where it was in January 2018, and where it was one year earlier it would be very easy to see the potential of how high the price of bitcoin could rise.

This is where bitcoin is today

This is where bitcoin was on January 2018

This is where bitcoin was in January 2017

Bitcoin going from $900 to $16,000 was a 1600 % increase. lets say bitcoin goes back to $6,000 and increases by 800% half of what it did last year. Bitcoin would go to $48,000. I think that this is a very strong possibility. I encourage everyone to hold there bitcoin and don't get caught up into the fud, fear uncertainty and doubt.

Don't listen to the Warren buffets of the world, who says that bitcoin is rat poison. Warren Buffet says that bitcoin will never produce anything of value. Contrary to that statement I believe the opposite. Believe me bitcoin is not going anywhere

http://money.cnn.com/2018/05/07/investing/warren-buffett-bitcoin/index.html

Warren buffet is th largest owner of two of the worlds largest banks, so why would he be a fan of crypto curency. Ladies and gentlemen, you always have to consider the source.

http://www.businessinsider.com/warren-buffett-bank-of-america-wells-fargo-largest-shareholder-stake-2017-6

We will all be looking back on today and wish that we had bought more bitcoin and altcoins when the price of bitcoin was so low.

Thanks for reading and keep a look out for my next post comparing the stock market and the crypto market and finding the most profitable investments.

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