Bitcoin
- Thread starter Ron Resnick
- Start date
Obviously the people into it aren't thinking it's "all over". It is up just about 50% from the lowest of the year.
These coins certainly have had a wild ride the last few weeks. I bought a few more Ethereum on the way down to $590. Is that throwing more good money after bad? I have no idea.
They have had a good bounce off the recent lows but if they don’t make a new high it could very well just be a very springy dead cat bounce. (I hope not, of course, as I have not sold any coins, but that is what basic technical analysis would suggest.)
So, owners of coins have to hope for new highs. . .
They have had a good bounce off the recent lows but if they don’t make a new high it could very well just be a very springy dead cat bounce. (I hope not, of course, as I have not sold any coins, but that is what basic technical analysis would suggest.)
So, owners of coins have to hope for new highs. . .
It is all still in the infant, or maybe fetus stage. I expect nothing but overall trends upward. When you will really start to see making or breaking will be when wide adoption of use plays out for some and not others.
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And anything that's at that stage is, of course, at its most vulnerable.
Cryptocurrencies may indeed become widely adopted, and potentially, generate overall trends upward. Whether that will apply to Bitcoin specifically - given its very early stages of development - is anyone's guess.
https://medium.com/opacity/bitcoin-1537e616a074
Best,
853guy
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word is a single trader bought $400mm in the past two weeks - that isn't exactly liquidity lol.
i mentioned a bounce was in store around 6200 and it did exactly that. the problem will be lower highs as overhead supply is massive. bear market rallies are so quick and fast...
i mentioned a bounce was in store around 6200 and it did exactly that. the problem will be lower highs as overhead supply is massive. bear market rallies are so quick and fast...
In for the long run, God bless and Queserasera...
It's on a rebound, just like the stock market but with much bigger swings.
• http://www.livebitcoinnews.com/high-time-cryptocurrency-investors-start-thinking-long-term/
And today's value: https://www.coindesk.com/price/
It's on a rebound, just like the stock market but with much bigger swings.
• http://www.livebitcoinnews.com/high-time-cryptocurrency-investors-start-thinking-long-term/
And today's value: https://www.coindesk.com/price/
Someone's opinion:
• http://www.businessinsider.com/bitcoin-brilliant-scam-says-paul-singer-elliott-management-2018-2
He's not alone with that line of thought.
• http://www.businessinsider.com/bitcoin-brilliant-scam-says-paul-singer-elliott-management-2018-2
He's not alone with that line of thought.
A Bitcoin story, plus some 2018's predictions ...
• https://www.ctvnews.ca/features/million-dollar-question-what-s-next-for-bitcoin-1.3806972
• https://www.ctvnews.ca/features/million-dollar-question-what-s-next-for-bitcoin-1.3806972
well, lower highs again. bubbles popping are no fun and down 25% this week. great selling opportunity technically at 11k. big time resistance there now and shorts prob use that as a stop
the key to trading Bitcoin is to think of it as a commodity - ignore all the news flow. its a simple chart featuring time and price. 7200 next stop
Completed wave B up of a large 3 wave decline and has started wave C down. A target of between 4K and 2K would seem reasonable. Another problem is the US stock market,as the NDX is in a blowoff pattern....Bitcoin was too.
)
I'm waiting for a documentary/movie ...
• https://news.vice.com/en_ca/article...h-out-their-bitcoin-heres-how-theyre-doing-it
When it comes I'll have a drink, whiskey.
• https://news.vice.com/en_ca/article...h-out-their-bitcoin-heres-how-theyre-doing-it
When it comes I'll have a drink, whiskey.
Bitcoin looks to have entered wave 3 of 3 down. I expect it to waterfall down. If so could get a 95 pct retrace from the move up. The big question is will it produce contagion in other markets...probably so.
Good Friday Roger,
We remember just few months back the euphoria in bitcoin climbing to levels above the skies. Today, it's more like euthanasia...irreversible in its perilous fall over the precipice of death and into the eternal darkness... abyss of hell, home of Satan and his gang of hackers and up to no good. :b
We remember just few months back the euphoria in bitcoin climbing to levels above the skies. Today, it's more like euthanasia...irreversible in its perilous fall over the precipice of death and into the eternal darkness... abyss of hell, home of Satan and his gang of hackers and up to no good. :b
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Hi Bob...all bubbles end badly. Most famous is the South Sea bubble of 1720,which declined 98 pct from the top. This C wave should be relentless to the downside.
Chart of Bitcoin tonight....looks like a top @7100
The price of bitcoin is on track for its worst quarter performance ever. The price of the cryptocurrency has fallen from $13,412 on January 1 to $7266 on March 30, marking more than a 45% decline… At a G-20 meeting this month, Argentina's central bank governor outlined a summer deadline for members to have "specific recommendations on what to do" and said task forces are working to submit proposals by...
https://mmacycles.com/index.php?route=blog/article&category_id=1&article_id=192
https://www.ccn.com/okex-to-roll-ba...rades-after-bitcoin-price-crashes-below-5000/
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