Quote from: m.vina on November 27, 2017, 01:42:29 AM

Quote from: Jamie Oliver on November 27, 2017, 01:10:24 AM

Bitcoin is about to break through 10k usd. What will be after the breakthrough? I predict, of course, the rise of altcoin.

Depends on how soon is soon for you.

I agree that bitcoin will break through $10k usd but i don't think it will be anytime soon. It just went from $8000 to $9500 in one day. I doubt that much price movement will not have profit takers who will already sell. $10k by christmas or end of the year for sure, but maybe not in the coming week.

I believe there is this thing called momentum that suddenly means Bitcoin MUST break the $10,000 barrier before Christmas. All signs point to this happening. Traders, minders, investors will all want that figure to happen. Why? Because if it does not happen, the same irrational logic that said Bitcoin must make $10k will suddenly say "oh, no, we did not make it, I think we have gone too far",,, and then we might see a very scary drop from 9900. I would say even $5000k will not be unimaginable if everything pulls away by then.

But personally, I think this is just the beginning. Altcoins must be patient and bide their time. And somehow if they rise, it will not be at the expense of Bitcoin.