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      "parent_permlink": "cliffhigh",
      "author": "wellread",
      "permlink": "why-btc-will-hit-usd50-000-in-2018",
      "title": "Why BTC will hit $50,000 in 2018",
      "body": "https://blogs-images.forbes.com/theopriestley/files/2016/01/bitcoin111-1200x788.jpg\n\nwellread (25) in bitcoin •  7 days ago\n(Image not shown due to low ratings)\nBitcoin has been on a down trend for quite some time now. After seeing highs of close to $20,000 USD we have seen it drop down to $6,000 and is currently sitting at $6,814 at the time of writing this article. So why do I say we are going to see a $50,000 Bitcoin this year despite all the bears currently pulling down the market. Simple I follow the smart money.\n\nIf you have been following the news as much as I have you would know that all countries around the world are looking at Bitcoin and Blockchain Technology with a great deal of scrutiny. Canada has had Andreas Antonopoulos speak and educate the Senate of Canada. The US SEC and CFTC have held a conference to speak about Bitcoin and other crypto-currencies specifically. Venezula is planning to do business with Russia and use the petro coin that they have created. Russia, Iran, and India are in the process of creating a cypto-currencies of their own. Major corporations have said publicly that they are looking into blockchain technology and how it can improve their own business. The uses for blockchain are endless.\n\nSo why $50,000; even though all these countries are talking about it no one is using it. To that I say we are only taking the first steps towards the implementation of Blockchain in tangible ways. The on ramps are just starting to open up. If you thought the run up in December 2017 was big, you ain't seen nothing yet.\n\nWe have already been told that JP Morgan, who owns a large share in Circle recently purchased Poloniex, and hired 100 employees, (Do you think they would do something like this without high expectations). Coinbase is in the process of creating an ETF of BTC, LTC, ETH, and BCH, (This means institutions can start buying them, meaning by this time next year we will see your local bank asking you to buy them). There is a company in South Korea installing Bitcoin ATMs in many resturants, Monex is looking to buy out Coincheck (If Bitcoin is a bubble why are big financial institutions getting involved now?).\n\nWhat does this all mean? In my prospective, (my own biased opinion, invest at your own risk) the current on ramps are pretty difficult to navigate, and seem somewhat shady atm. You kind of have to jump through hoops to get your FIAT currency into crypto, with these huge players getting in on the game they will make buying cryptos as simple as going to your local bank and buying some mutual funds. \"Although this kind of defeats the purpose of crypto, because the main reason for this is to hold your own keys to your money.\" This allows people who are not tech savvy to get into the market, meaning your grandmother, or grandfather, or even some parents who don't know how to use a mouse on a computer will soon be able to buy cryptos. With this knowledge I am almost 100% sure that retail investors (i.e. big banks/corporations) will get in this year and after they have bought up as much as they can they will start on-boarding the rest of the world.\n\nMy estimate is total market cap will hit 1 trillion by July (BTC hitting previous highs maybe surpassing them) a correction as some cash out, and then another big bull run in Oct-Dec hitting 5 trillion with BTC holding around 25% dominance or close to 1.25 Trillion market cap, around $75,000. With that said $50,000 is a conservative estimate. (Timeline estimated by following Cliff High webbot prediction)\n\nTRADE AT YOUR OWN RISK, I AM JUST SOME GUY ON THE INTERNET SAYING THIS, AND IT IS MY OWN BIASED OPINION.",
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      "permlink": "re-coininfo-re-wellread-why-btc-will-hit-usd50-000-this-year-20180412t144147906z",
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      "body": "I would say this is a low risk portfolio, with that said low risk in crypto is still a swing of 80% down to 400% up... lol.. Personally I would make a few bets on the riskier side to get some potentially higher upside.",
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      "body": "ok, gracias",
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      "permlink": "re-wellread-re-artgirl-my-steem-summit-art-entry-1-20180406t022028493z",
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      "body": "@@ -296,16 +296,22 @@\n  not on \n+other \n people's\n",
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      "body": "Well I suggest you make quality posts and then if we like it people will naturally follow you. Pls avoid commenting follow for follow and upvote for upvote on my posts. A comment related to my post would be appreciated. \n\nYou can promote your posts on the #postpromotion channel in steemchat but not on people's posts.\n\nAlso, you must read the Steemit etiquette guide. If you are using your phone FAQ will automatically show up and you can find helpful links there. \n\nThank you for dropping by. :)",
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      "permlink": "re-wellread-re-artgirl-my-steem-summit-art-entry-1-20180406t021811250z",
      "title": "",
      "body": "Well I suggest you make quality posts and then if we like it people will naturally follow you. Pls avoid posting follow for follow and upvote for upvote on my posts. A comment related to my post would be appreciated. Thank you. :)",
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      "body": "Great article, I have liked and upvoted your post please do the same for my posts, just trying to build a following.",
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      "body": "Great article, I have liked and upvoted your post please do the same for my posts, just trying to build a following.",
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