Nothing is permanent neither the rally in Bitcoin

On December 7, 2017, I have published an article in the blog titled as “stay away from Bitcoin”.  In the articles I have mentioned that Bitcoin may crash anytime very soon, even after publishing my Article, Bitcoin further goes up from 13708 dollar(December 6,2017) from 19343 dollars (December 16,2017). And thereafter now today on December 21, 2017 at the time of writing this Article, its price is 16,208 dollar per Bitcoin.

As its goes up, many faces from media start predicting that Bitcoin may touch 3,00,000 dollar to 4,00,000.  Can’t you feel that being a financial expert they are creating a trap for you so, that you buy the Bitcoin and they get good exit at higher prices. Yet, I may be wrong, but I still very sure that the whole game of Bitcoin will not go longer than 1 year. Even in one year, it can hit lower circuit anytime.

Choice is yours and money is yours

It will be not the first time that you will get trapped in such lucrative investment options. Even few years ago, investing in real estate was considered a very good option. Many of the investor and real estate dealers has earned 10 times more price of their properties. Even as, I am Indian, and I have also seen the rally in real estate prices, but now real estate market is suffering from deeper losses. At that time many middle class people have invested on real estate but now the prices are showing downward trends and even there is not any customer.

This can happen anytime to Bitcoin.

What is the Bitcoin level for investment?

If you still want to enter in the market at the risky face than you can enter in it as it hit 14000 dollars. Many of the experts are saying that it will touch 11,000 and gives you entry point. But I feel it won’t touch 11,000 dollars, if it will touch 11,000 dollar than it surely it will go down 7000 dollars, so check the level either invest it in at below 14000 , if it goes to 11000 dollars than wait for 6000dollars.

What if it doesn’t touch 14,000 dollars?

Don’t worry, if it doesn’t touch 14000, and it goes directly to somewhere 50,000 dollar to 70,000 dollars.  In 2011, we have seen the same trend in silver, as I checked it , it was rising everyday, it touched 72,000  INR in India and people in India speculating that it will touch and stay somewhere the price of 90,000 INR in India. Many of us don’t get entry point as it already crossed 65,000 INR  but still many investors bought it price above than 70,000 INR in hope that it will touch 90,000 or 1,00,000 INR  in one or two months. But it never ever sees the level and it goes down to 45,000 INR without giving exit chance to the buyers.

In terms of dollars the silver highest prices as it touched was 49 USD per OZ. and now today its trading Between 15 USD to 18USD per Oz.

Will Bitcoin sank down in deep for ever?

No, it will shine as Gold and silver, But it will convince the investors that as like other investments. And if it can rise than it can go down also.

Is any other investment, who in past given the same returns?

Off course, you see the chart of silver in 2010 and 2011,

See the chart below in USD price.

Now check and compare Bitcoin today’s chart and make a fair decision.

 

What if Bitcoin rise up to 1,00,000 and stay above 1,00,000 dollar for always.

Don’t worry, if Bitcoin will cross 1,00,000 dollar than it can cross 10,00,000 dollar too, so investment option will always be there.

How to be a winner in this Bitcoin rally?

Slow and steady win the race. Have you ever heard the story of a tortoise and rabbit? Where a tortoise wins the race despite of being slow. So, believe in yourself and don’t stop working towards achieving your goals. But chose the investment option according to your risk capacity. As I can’t afford if I Buy a Bitcoin at 17,000 dollar and it goes down to 11,000 dollar or below of it.

Have a good luck and keep an eye of what other investment option are there with lesser degree of risk.

Views expressed by

-Rabel Ruchi

One thought on “Nothing is permanent neither the rally in Bitcoin”

  1. You are very right. 15 difference in international prices (BTC to USD) and in Indian market (BTC to INR) is a big difference. However this has happened due to demonetization. Due to demonetization, there has been drastic increase in demand. The Bitcoin exchanges do not have enough liquidity. When they have limited number of bitcoins with them and demand is huge, they have no option but to increase the price. No one is selling bitcoins so these exchanges are not receiving any SELL orders. They are only getting BUY orders resulting in a crunch leading to increase in their selling price. https://hashflare.io/r/6243D312

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