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Monday, May 29, 2017

Bitcoin Future Is Bright, Just Be Patient: Bitcoin Investor Vinny Lingham

Bitcoin Future Is Bright, Just Be Patient: Bitcoin Investor Vinny Lingham

At the peak of the recent Bitcoin price rally, Vinny Lingham, the Bitcoin price prediction pundit, told Cointelegraph it was not healthy and would not end well.

Admittedly, it did not end as many wished, but it was unlike some of the scary bursts this ecosystem has witnessed in 2013 and 2015.

Bitcoin price actually tanked from the $2,900 range to the $2,000s when most of us were calling for $3,000. It is now struggling to find its feet at the $2,100 zone. On Sunday night, it dropped as low as $2,045 and some analysts on Bitcoin Powpow even predicted it will decline between $1,600 to $2,000.

At the time of filing this report on Monday Morning GMT, it was wavering around $2,119 with a negative growth rate. It is worth mentioning that all top 10 altcoins were in the red except the tenth ranked Golem.

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