Wall Street's Tom Lee says bitcoin will double by midyear

in #bitcoin6 years ago

Hello guys !!
With a new morning zee khan is here to discuss about some viral news on the internet about bitcoin . Those days bitcoin price stable and hope so with in next month bitcoin hit 14k again after low as low in 2 months 6800$ . First am happy with steemit and thanks to ned who bulid best social platform where we share ideas .

only been good news lately

More and more usa states starting using block-chain and crypto-currency, with california next to join.
Positive news from usa senate on blockchain and cryptocurrency.
Bitcoin segwit lauch this week was really good

All other countries will be following they have no other choice to join or they would get left behind.
That's why bank of china just files a patent for block-chain, they know they have to join again.

Predicting $20k by june! Did you know that bitcoin's low for the year has typically occurred in the first two months of the calendar year. This has been the case in 6 of the last 7 years.

The massive systemic threat posed by tether is still unresolved. But world governments (except china and india) seem to be "Rounding the corner" in acceptance of cryptos as a legitimate segment of the economy.

This suggests, if tether collapses, they'll more likely choose a response that avoids de-stabilizing the wider market as much as possible.

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Read this Article For more Detail : :

https://www.cnbc.com/2018/02/28/struggling-bitcoin-will-double-by-mid-year-wall-streets-tom-lee-says.html

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Thank you ! @askquestion

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now am following you your all post pretty :)

Pretty good news to hear that from him!

thank you friends for sharing the story about bitcoin and steemit post you very good friend I am interested

really cool post

Given Tether's relatively small share of the crypto market cap, do you really think its collapse could trigger a large scale panic and crash? I think it will be a momentary dip but a very quick recovery.

I have not historically been a bitcoin fan but with their recent integration of SegWit and the clearing of the mempool, bitcoin fees have dropped significantly. The biggest hurdle facing it now would be the speed of transactions and scalability and that is where I feel other altcoins like Stellar Lumens and Nano can potentially pull ahead as a day to day payment solution. If that happens I would not be so sure of bitcoin retaining its market dominance.

Haha I love the people who bad mouth TA. It is completely based on psychology, the human brain which in turn drives the participants in the market. Of course it works. It might not be that effective in isolation but used correctly as an additional investment tool, it’s extremely powerful. I’m with Tom, indicators are showing BTC to hit back to around 20K within the next 2-3 months. @askquestion

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