Hi dear readers! Happy New Year 2017! So sorry that i have not been updating my blog for the past 2 months. A lot has happened in my personal life so I was not able to update this blog. Have been very inspired by this experience – will somehow tell my story some day.
I was late for the bitcoin rocketing party. Anyway, i wrote this during start of the year
In another news, bitcoin has now crossed the psychological price of USD1000! The price is now USD$1,045 (SGD$1,515)! Yet to hit 2013’s high of USD$1242 but I am pretty confident that many traders are waiting to hit that price. My prediction is that there would be no problem hitting USD$1200 range but will the price go higher than that and break the crucial psychological level of traders?
I am not sure about you but i am definitely holding it for now because of many favorable news in the macroeconomic environment – 1. China controlling capital control outflow 2. China CNY devaluation. 3. China planning new rules and guidelines for bitcoin exchange centres liek Huobi, Okcoin, BTCC, etc. Remember i wrote an article on trends in gold price during Chinese New Year every year? This year CNY falls on 28 January 2017. This year is the year of the Rooster!
Is it possible that bitcoin might hit a new high this end Jan-early Feb this period in the year of the Rooster?
Let’s watch out!
P/S: In another news, I am now a Yours demo user! 🙂 With bitcoin’s price so favorable, I have faith in Yours network using bitcoin as the payment for content creators. Looking forward!