Yes, You may be agree with me or not, sometimes you may reject my Blog or might be I'm wrong if something happen unexpected.
But it is true about bitcoin that This Virtual Currency is more volatile as well as valuable than other assets in this world (according to current situation) and everyone want to invest without knowing what will be happen tomorrow with this VC.
Even I'm die hard Lover of Bitcoin.
One thing about Bitcoin That is I'm going to discuss here is about to Price prediction on ROI in Bitcoin.
We all know that Bitcoin was on Boom Last year specially in Dec'18.
At that time everyone even I was also expecting about Bitcoin that it will touch $30,000 per BTC in 1st/2nd quarter of 2018 but all prediction were wrong . Now Bitcoin is serving at $6,000.
Last year those people who were said that Bitcoin will touch $30,000 soon.
Now they are saying that Bitcoin is following 2014 trend, when Mt. Gox was hacked and gone in Bankruptcy.
So, Now point is notable What will happen with Bitcoin If Bitcoin is following same as 2014.
First of all I'm going to tell you that Bitcoin was on top of that time.
Bitcoin on All time High of that time over $1,000 in Jan'14 before news comes out about Mt. Gox Hacking.
But It dropped down to $500 in March'14 within 60 days.
Then then Survived for 3 years to come back again up to $1,000.
That time-duration was critical for Future of Bitcoin.
Feb'14 ($550-$750) Bitcoin Price Crash down due to Shut Down of Mt. Gox.
One more thing I'm mentioning that Bitcoin was jumped from $150 to $1,246 within few weeks at that time in Nov'2013.
Nov'13 ($150-$1242) Price jump within weeks.
Now I'm thinking same thing in this Feb'18 when Bitcoin price crash down $20,000 to $6,000 within 60 days.
Feb'18 ($6,000-$6,200) Bitcoin price crash down due to some Mt. Gox Bitcoin selling.
While Bitcoin price was jumped from $7,000 to $20,000 within weeks and this was unexpected growth in Bitcoin that pull the attention of common people who were unknown about Bitcoin.
Nov'17 ($7,000-$20,000) Price jumped within weeks.
Now I'm on my conclusion.
If really Maket is following same trend as 2014, then I'm sorry all my Bitcoin lovers now your Prediction is going to be wrong.
And this time Bitcoin will take 2-3 years to touch again $20,000..
So you have to wait for next 24-36 month, Bicause last TIme Bitcoin was $1,200 in Nov'13. and it took 3 years to touch again $1,200 after crashing in Feb'2014.
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