samer wroteKareem wroteSo it looks like BTC is around $13k now with a promising forecast for the next 5 years. Analysts expect it to hit $100K by the end of 2020.
Friends in the US suggesting money transfer so I can invest. Any idea how it can be done ?
Don't trust analysts. Make sure you're buying it for the right reasons, not only because you think it will go up in price. Otherwise, the price action will shake you up, and you'll end up selling at the absolute worst time.
Regarding that , I've read a few analyst discussions about it , and almost all compare BTC returns to previous years , halvening and the bull run , followed by a bear run with some specific % ups and downs during those times , but no one talks exactly why , in the end it is just speculations and for now the patterns are repeating.
Although soon , Facebooks crypto , Libra , is expected to push BTC's price more , this case was explained by a few analysts. This is the only actual reason I've read about that makes sense , but still , nothing is 100% for sure.Even some other analysts say that BTC wont last for very long.
I would personally look for a few other coins that have a greater potential of having a higher return , since it is always expected for alt coins to increase in price after BTC settles up , thus minimizing risks and increasing profits. ( BTC increases in price , good traders will sell some after they made their profits and invest in alt coins with some of the profit , thus increasing alt coins price and diversifiying to minimize their risks , only good traders know they should not invest all in BTC , dont be greedy ). That is all one thing and the fact that you can't invest while in Lebanon is another ;-;