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Bitcoin in the next 2 months

teklordz

Published: 05 Nov 2017 › Updated: 05 Nov 2017Bitcoin in the next 2 months

Bitcoin in the next 2 months

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*Notice: The following is only my opinion. I don't give financial advice.

Today, a new record high above the $7500 USD mark. What a ride this is getting to be. We might hit a bump in the road when the mid November fork happens but that will not be very problematic. We might have a big retrace on the exchanges but it will not last for very long. I have a feeling that the Segwit 2X team will add the replay protection and we'll benefit from a raindrop.

Also, if the CME in Chicago gets the green light for Bitcoin futures as well as the exponential increase of new accounts on Coinbase in the past month, we could very well see a 3X for the price of Bitcoin before Christmas 2017. The demand is on the rise and the supply is starting to slowly shrink, which also increases the price of Bitcoin.

On a personal note, i bought my first bitcoin in May 2017 and quickly added 5 more. Right now, i have a 3x return on my investment, which is quite incredible. I do trade once in a while (when i feel like it) but i don't over trade. I just know that this disruptive technology will bring down the present banking cartels in a very short time. Bitcoin is the biggest revolution of all times and with some improvements in the coming months, we'll be able to use it on a regular basis with the help of the lightning network.

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Long time Linux user, PC tech, blogger and crypto trader

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