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The Last Time We See Bitcoin at $10K
Published by Mike J Anthony — 7-3-2019 at 3:08 PM UTC
We are getting a much needed correction in Bitcoin prices lately and, as of this writing, Bitcoin is currently just under $10K.
I believe this will be the last time Bitcoin will ever be available at these prices.
If you have any interest at all in Bitcoin, NOW is when you need to be buying.
I’ve been recommending people to buy Bitcoin for the last few years now, since 2015, but only now, you will need over $10K to buy 1 Bitcoin from here on out.
Back in 2015, the average price was around $250.
Over the last 5 years, Bitcoin has appreciated by over 1500%!
For most people, the best strategy is to dollar cost average into Bitcoin. This means you simply buy what you can afford on a weekly or monthly basis, regardless of where the price is.
I was putting in $200 per month for awhile, or $100 every payday, for example.
I believe that Bitcoin will be moving over $20,000 in short order once the next bull phase gets underway after this current correction.
$20K is the all time high, and once it surpasses the previous all time high price, all bets are off as to how high it will go this year. Some say $50K, some say $100K.
Either way, its going higher. MUCH higher.
I personally like buying Litecoin because I think it will eventually revert to a 4-1 ratio with Bitcoin. Its currently around 86-1.
Even at 50-1, Litecoin would be $2,000 if Bitcoin reaches $100K.
Also, I need to mention that Bitcoin is about to get more scarce in 10 months, when its halving takes place in May 2020.
Litecoin’s halving will take place this August! (See Video Litecoin (LTC) Halving 2019: What Does It Mean?)
“Halving” means that the block reward for miners (computers that perform the transactions and help keep the blockchain secure) will be cut in half.
That means they can only “mine” half as much Bitcoin as before the halving.
That means Bitcoin will be harder to come by, and this happens ever 4 years.
This is deflationary and the supply of Bitcoin is already limited. Can you see now why the price MUST go up?
In an inflationary world that we live in, with every country on Earth pumping out their paper money, I think that average people NEED to buy things like Bitcoin.
So I feel the need to attempt to educate as many people as I can about this so they are not caught unaware, when they could have bought while prices are fairly low.
From an Off the Chain article:
Bitcoin is the first world currency that is (1) not backed by a nation-state and (2) has the ability to withstand any and all attacks by every nation-state in the world. Quite literally, the “defense first” approach to Bitcoin’s design is likely to have led us to a world where currency dominance shifts from military/economic/cyber superiority to anti-fragile superiority.
Bitcoin’s Department of Defense has no bullets, no bombs, no ships, no fighter jets, and no soldiers. It has thousands of volunteers and millions of computers around the world that are cooperating to ensure there is no single point of failure.
The world is changing quickly. Nation-states are behind the curve. And Bitcoin is the sleeping giant that is well-positioned to be the first currency to achieve global reserve status without ever having to engage in conflict.
(Read the full article at: Bitcoins Dept of Defense: The Case for a Global Reserve Currency With No Guns)
People in Venezuela are buying Bitcoin because THEY HAVE TO, now that their currency is virtually worthless.
Bitcoin has absolute scarcity.
Bitcoin is secure.
Bitcoin is digital Gold 2.0.
Bitcoin is the best money that’s ever been created.
If you don’t have any, you really need to get some…
I need you to understand that this is a big deal and better than any other kind of advice I could possibly give you on making some money.
I use Coinbase to buy Bitcoin and Litecoin. If you use the link below to open your account with $100, you will earn us both a free $10 in extra Bitcoin.
(Original Article from: http://mikejanthony.com/could-this-be-the-last-time-bitcoin-is-at-10000/)
About Mike J Anthony
I am an online entrepreneur from the Atlantic City, NJ area who enjoys affiliate marketing, e-commerce, cooking, movies, reading, travel, playing games, investing, and making money online. I am currently working on a worldwide project designed to get everyone involved PAID. Its a <a href="http://mikejanthony.com/onpassive" target="_blank">revolutionary new internet marketing solution</a>, completely proprietary, and is changing the way we internet. If you want to know more, <a href="http://mikejanthony.com/onpassive" target="_blank"><u>go here</u></a>. Another method I like, which many people also love, is using Amazon to flip books. With the right software, you can make great money <a href="http://mikejanthony.com/zenarbitrage" target="_blank">buying and selling used books</a> on Amazon, and its something not a lot of people are doing either. <a href="http://mikejanthony.com/zenarbitrage" target="_blank"><u>Get more info on that here</u>.</a> Regards, Mike J Anthony