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[quote][i]Originally posted by SetH[/i] $100k is thought to be a conservative estimate for the next bull run. There has been a lot of FUD news recently, check the story on tether which was meant to be backed 1:1 by the USD and turns out it was not. I bit like real banking I guess :lol: Literally an hour ago there was a snap sell off for BTC but its bounced off the $5500 line which is a very bullish sign. Lots of talk on twitter today about how we will see that big correction soon. There is a bit of a bank run against one of the big exchanges right now after the Tether FUD story. In all honesty it is difficult to follow all the news and so much unpredictability. I certainly don't have the time to keep tabs on it all or day trade. The short term outlook is very uncertain. the long term outlook is bullish as the fundamentals are getting stronger. My intention is to continue to play a long position. I have a friend who is now in for 9 BTC, he stands to make a hell of a lot should the next bull run come to fruition. I know he has tiered stop losses so he wont be completely REKT if it does indeed crash. Remember all the people saying they wish they bought in when BTC was $100? then same again at $1000, my expectation is that in 12-18 months people will be saying they wish they bought in at $5000. I saw this on twitter not so long ago : What is the difference between a 3k bitcoin and a 6k bitcoin? Answer : 'what colour lambo' :lol: As with anything its managing your risk and not investing more then you can afford to lose. [/quote]
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