I am not someone who wants to rain down on anyone’s party but the bitcoin fam as well as press seemed to have lost their minds even if for a brief moment. Bitcoin’s price rise in the last 24 hours or so has sent everyone into a frenzy. Headlines such as: “I’m Thinking $250,000 by 2022: Tim Draper Reveals New Bitcoin Price Target” or this example - “Crypto Hedge Fund Says Worst Is Over for Bitcoin” are abound. If one had just dropped in from Mars, you wouldn’t be blamed if you thought some cataclysmic event had just ended.
Personally, I think people should wait and see before writing such headlines. I suppose people want to see the heady days of bitcoin $20,000 once more, and can’t wait for it to happen! I don’t blame them because I would love to see the same but I am more cautious than most. As I am writing, the price of all the top ten cryptos with the exception of EOS have fallen slightly. Maybe not enough to panic but fallen nonetheless with bitcoin under $8000. As has been said in the past, no one knows where the price is headed but I suppose your guess is as good as mine.
Swap your cryptos here:
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