Originally Posted by
I_royalty_I
Keep an eye out for the SEC on the ETF.. expected to be out by this Friday. If they approve it (very slim chance), the bitcoin price could shoot up a few hundred dollars. If they deny it, it will probably drop a bit. Nothing too dramatic, but it would be the best time to buy.
I hadn't heard of the shit that the IRS is doing with coinbase though. They can't do anything right though. Why don't they just worry on fixing their already screwed up organization before they take on more haha.
Realistically, there are a TON of factors that play into the bitcoin price. Speculation is really the driving force. You have to understand why the bull runs happened and anticipate when the next one will be. The world is a crazy place right now and there are a lot of mixed opinions on the direction the financial sectors are going to take. If you are paying attention to anything going on, you will have noticed a few of the signs. It's my opinion that the price will be through the roof by the end of the year, if all goes well with the US economy.
I've been buying $100 of bitcoins and $100 of ethereum every two weeks, just because. I originally bought $200 worth of ETH when it was around $7/coin. Now it's worth between $18-20. Nothing crazy but I'm pretty happy with that. I'd still recommend that coin as a possible investment.
I feel like I'm kind of rambling at this point but..
tl;dr - Do your research before you buy. Don't spend what you aren't prepared to lose.
