Re: Bitcoin could ‘easily double’ in 2018, says Fundstrat’s Tom Lee
If all it's going to do is double, then it's nor worth the risk. I want my bitcoin rallies to be at least 500%.
Bitcoin had about 2275% increase last year and everyone called it a bubble and now,Tom Lee thought there is a possibility of it doubling and then it is not worth the risk. I can see why alts are rallying pretty hard now.Sometimes it is hard to believe in all kinds bullish predictions especially in times of uncertainty in the bitcoin market, or in any cryptocoin market.
Is there anything to believe anymore? If we want to judge based on last year, doubling is even little compared to what we had. There is a lot in bitcoin's protocol that may change this year and which may positively affect the market movement and bears cannot be here forever as bulls will also want to have a little chance. The same way we have naysayers who derive pleasure in spreading FUD, is also the same way we will have those who are bullish and they all serve a purpose. I would not be surprised the impact the Lightening network may have on bitcoin, but I have just learned to keep my fingers crossed in this market.