BTCwriter: Bitcoin - The Road to 28K Due to Christmas Day
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BTCwriter: Bitcoin - The Road to 28K Due to Christmas Day

By Thomas Wolf | Thomas Wolf's Den | 26 Dec 2020

Christmas Day paved the way for 25K leading to a rally for 27.8K+ for the new year.  Thanks, Santa Satoshi!

"A good conscience is a continual Christmas." Benjamin Franklin

A one-ounce coin of gold costs $1,855 USD, yet we still hang onto the notion that Bitcoin is digital gold.  It’s not even digital palladium, which only runs at $2,174 USD per ounce at the moment; Bitcoin has set another ATH at $27,800 USD with great potential to break $28,000 USD in the ongoing holiday pump; possibly more.

There is obviously a tremendous about of FOMO (Fear of Missing Out) surrounding this pump, and I would highly suspect Christmas gift money is playing a large role in influencing the increase in prices; that was my only present, after all - $50 for market play, a gift from my mother after seeing my increased success and ability to manage money responsibly.

Most are riding the wave, and I wish for everyone to make money today, as most people in the world need it now more than ever.  After all, this is a COVID Christmas; I’m eight weeks into the Coronavirus now with mild Post-Covid symptoms.  However, I fear not for losses but out of an appeal to the fact that one cannot profit without another experiencing loss in the markets; I don’t want to see people ruining their finances during the holidays in a market gamble.  For this reason, I am exercising caution in case of a dump - but also looking at the bright side of this turn of events for historic & intrinsic reasons.

Historically speaking, these large Bitcoin spikes have been tremendously profitable for altcoins such as Litecoin (LTC), Ethereum (ETH), XRP (Ripple), and countless others.  I see any raise in Bitcoin price to be positive for the cryptocurrency world in general.  Regardless of whether or not you are HODL’ing, actively flipping, or waiting patiently for a retrace such as myself.  This Christmas “bonus” is a very healthy thing for crypto and seeing as crypto is a large part of my life, I find that to be a gift in itself.  I look forward to subsequent pumps and dumps before the new year and at the beginning of Q1, 2021.

As the analogy of digital gold becomes outdated, with Bitcoin now surpassing yet another all-time high, we are faced with a new era, and with any luck, a new mid-market price could lead the forefront for all of 2021.  If not, I aim to buy back in as low as possible and keep the bull run going regardless.  The market is down a touch from the new ATH at a current value of $27,360 USD.  I highly doubt we’ve seen the last of this pump, which means $28,000 USD per Bitcoin is the next mile-marker for progress.

Do you think we will make it to 30K by the new year?  When Bitcoin hit 20.9K recently, it shattered its all-time high a few times in a few hours rendering the article I wrote on the subject quickly obsolete and forcing five edits shortly after publication to even stay relevant in the short-term; I am now on my fourth edit for this article.  While that can be a slight hassle, it's a welcome one.  With the additional FOMO due to the holidays, I wouldn’t be surprised if we saw the same 5x outcome today!

I wish you all the best of luck in all of your ventures, and I genuinely hope you had a good Christmas and have a happy new year.

As always, comments, suggestions, and friendly debates are highly encouraged.

Stay smart & Stay safe.

Happy Holidays!

Check out Torum - a new social networking site that rewards users in XTM tokens.  I'm giving it a go as I dislike most traditional social media sites.

-Thomas Wolf

Cryptowriter is now conducting podcasts which can be found on PocketCasts, YouTube, Spotify, Anchor, and more to come.


I am not a certified financial, tax, or legal advisor, analyst, or planner.  The above information should not be considered advice but as an opinion intended to share information and ideas for entertainment and independent research purposes.  Cryptowriter and its writers are not responsible for any losses or damages incurred as a result of misinterpreting personal opinions for professional advice.

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