Bitcoin about to Pop
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Re: Bitcoin about to Pop
On bitcoin was worth just over 19,000 US dollars on the 18th of December. On the 18th of January it was worth just over US$ 10,300. A 45% drop in a month is not confidence inspiring. Sure, it may go up again, but it may also continue its path into the basement. Great for gamblers, I suppose.
One problem with bitcoin, and all other cryptocurrencies for that matter, is that it has the same intrinsic value as conventional currencies. 0
One problem with bitcoin, and all other cryptocurrencies for that matter, is that it has the same intrinsic value as conventional currencies. 0
I am, somehow, less interested in the weight and convolutions of Einstein’s brain than in the near certainty that people of equal talent have lived and died in cotton fields and sweatshops. - Stephen J. Gould
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Re: Bitcoin about to Pop
I don't think having no intrinsic value is a problem, as long as the currency has a spread of uses. Bitcoin doesn't have that. At the moment its a speculative gambling tool. Although, you can pay some things with it (not that you'd want to given its transaction costs).
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Re: Bitcoin about to Pop
Regarding this, I read a story earlier today about how the Perth Mint was going to release its own cryptocurrency that is going to be backed by actual gold. Although I assume it won't be decentralised, so that will be a strike against it.pErvinalia wrote: Interestingly, the biggest downsides of bitcoin - its really high fees and really slow transaction speed, are considered positives by the bitcoin fanboys, as the intention of the bitcoin inner sanctum is to see bitcoin become like a digital gold. That is, a store of value. The harder and more expensive it is to do a transaction, the more likely people will hold for an extended period of time.
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"The Western world is fucking awesome because of mostly white men" - DaveDodo007.
"Socialized medicine is just exactly as morally defensible as gassing and cooking Jews" - Seth. Yes, he really did say that..
"Seth you are a boon to this community" - Cunt.
"I am seriously thinking of going on a spree killing" - Svartalf.
"The Western world is fucking awesome because of mostly white men" - DaveDodo007.
"Socialized medicine is just exactly as morally defensible as gassing and cooking Jews" - Seth. Yes, he really did say that..
"Seth you are a boon to this community" - Cunt.
"I am seriously thinking of going on a spree killing" - Svartalf.
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Re: Bitcoin about to Pop
It has dropped through $10 000, and the next resistance point is likely to be $6 000.
...according to technical analysis, which is bollocks.
...according to technical analysis, which is bollocks.
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Re: Bitcoin about to Pop
I've been following a suite of coins for the last month or so, and they all seem to be in a holding pattern of sorts. I expect investors are waiting to see how badly Bitcoin shits itself. I'm only holding coins that have a good protocol backing them and/or offer the potential of sustainability. I think we could be on the verge of a route, with the shitcoins getting the axe, and a smaller select group surviving.
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"The Western world is fucking awesome because of mostly white men" - DaveDodo007.
"Socialized medicine is just exactly as morally defensible as gassing and cooking Jews" - Seth. Yes, he really did say that..
"Seth you are a boon to this community" - Cunt.
"I am seriously thinking of going on a spree killing" - Svartalf.
"The Western world is fucking awesome because of mostly white men" - DaveDodo007.
"Socialized medicine is just exactly as morally defensible as gassing and cooking Jews" - Seth. Yes, he really did say that..
"Seth you are a boon to this community" - Cunt.
"I am seriously thinking of going on a spree killing" - Svartalf.
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Re: Bitcoin about to Pop
Now at $8 000. We should see $6 000 next week.
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Re: Bitcoin about to Pop
It's a fucking route today. Everything has been smashed.
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"The Western world is fucking awesome because of mostly white men" - DaveDodo007.
"Socialized medicine is just exactly as morally defensible as gassing and cooking Jews" - Seth. Yes, he really did say that..
"Seth you are a boon to this community" - Cunt.
"I am seriously thinking of going on a spree killing" - Svartalf.
"The Western world is fucking awesome because of mostly white men" - DaveDodo007.
"Socialized medicine is just exactly as morally defensible as gassing and cooking Jews" - Seth. Yes, he really did say that..
"Seth you are a boon to this community" - Cunt.
"I am seriously thinking of going on a spree killing" - Svartalf.
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Re: Bitcoin about to Pop
Bitcoin down to $6,227. All coins are getting hammered. I wonder when it will stop?
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"The Western world is fucking awesome because of mostly white men" - DaveDodo007.
"Socialized medicine is just exactly as morally defensible as gassing and cooking Jews" - Seth. Yes, he really did say that..
"Seth you are a boon to this community" - Cunt.
"I am seriously thinking of going on a spree killing" - Svartalf.
"The Western world is fucking awesome because of mostly white men" - DaveDodo007.
"Socialized medicine is just exactly as morally defensible as gassing and cooking Jews" - Seth. Yes, he really did say that..
"Seth you are a boon to this community" - Cunt.
"I am seriously thinking of going on a spree killing" - Svartalf.
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Re: Bitcoin about to Pop
After it drops another $6,226.56.pErvinalia wrote:Bitcoin down to $6,227. All coins are getting hammered. I wonder when it will stop?
I am, somehow, less interested in the weight and convolutions of Einstein’s brain than in the near certainty that people of equal talent have lived and died in cotton fields and sweatshops. - Stephen J. Gould
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Re: Bitcoin about to Pop
rainbow wrote:Now at $8 000. We should see $6 000 next week.
Sometimes I'm so accurate it's scary.
I call bullshit - Alfred E Einstein
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Re: Bitcoin about to Pop
So what the technical analysis says it should either bounce back from this resistance point, or break through it.
...then it will continue that trend, or change direction.
...then it will continue that trend, or change direction.
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Re: Bitcoin about to Pop
It's currently sitting at about $7900. So it's up about 30% from its recent low.
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"The Western world is fucking awesome because of mostly white men" - DaveDodo007.
"Socialized medicine is just exactly as morally defensible as gassing and cooking Jews" - Seth. Yes, he really did say that..
"Seth you are a boon to this community" - Cunt.
"I am seriously thinking of going on a spree killing" - Svartalf.
"The Western world is fucking awesome because of mostly white men" - DaveDodo007.
"Socialized medicine is just exactly as morally defensible as gassing and cooking Jews" - Seth. Yes, he really did say that..
"Seth you are a boon to this community" - Cunt.
"I am seriously thinking of going on a spree killing" - Svartalf.
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Re: Bitcoin about to Pop
Exactly as predicted.
It will now either adopt a holding pattern between $8 000 and $6 000, or it will breakthrough on the upside or downside.
Bet you, I'm spot on again.
It will now either adopt a holding pattern between $8 000 and $6 000, or it will breakthrough on the upside or downside.
Bet you, I'm spot on again.
I call bullshit - Alfred E Einstein
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Re: Bitcoin about to Pop
I predict it will either rise, fall or remain the same. Believe me.
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