Bitcoin bullish

Fx-Game · Apr 27, 2020

Bitcoin has now crossed a very important level to the up-side;
noting over 7.6k USD

There is the halving in 18 days, which will bring more attention to it again.

Regarding the US to have a deficit of astronomic $ 3.7 Trillion, and a projected unemployment rate of 12%, I think it sounds like a good idea to have some bits in your pocket.

Check this:
https://u.today/bitcoin-btc-wall-street-could-be-holding-5-of-circulating-supply-ivanontech-says

wiesman02 · Apr 27, 2020

Bitcoin is slowly dying. How many times have I heard people say "bitcoin has crossed a very important level".

Important for who ? No institutions, hedge funds, or gov'ts are buying this trash. The time to sell was in January of 2018.

Nobert · Apr 27, 2020

That domain from the source for article, is a red flag in-itself.
Probably could order, an article there for $50.

Cartels diversified on cryptos, as one of their investments.
(it's no longer, containers under the earth, full of cash, as Escobar used to do)

If, if - by any chance, US would declare cartels as terrorist organizations, cryptos would fly down ;
wouldn't be surprised - 30%~50% same week/month.

Cuz then the war would move into finances/banks/their overall assets as well and those might be, few of the major holders.

Fx-Game · Apr 27, 2020

Nobert said:
That domain from the source for article, is a red flag in-itself.
Probably could order, an article there for $50.

Cartels diversified on cryptos, as one of their investments.
(no longer, containers under earth, full of cash, as Escobar used to do)

If, if - by any chance, US would declare cartels as terrorist organizations, cryptos would be down, wouldn't be surprised - 30%~50% same week/month.

Cuz then battle would move into finances/banks/their overall assets as well and those might be few of the major holders.

The guy being interviewed, Ivan on tech, is one of the most trusted YouTubers for Bitcoin (I know, I know... but just have a look at his channel and arguments... He is a developer and knows a little more around than the average...).

Nobert · Apr 27, 2020

Fx-Game said:
The guy

The guy being interviewed, Ivan on tech, is one of the most trusted YouTubers for Bitcoin (I know, I know... but just have a look at his channel and arguments... He is a developer and knows a little more around than the average...).

Despite of all of my skepticism about cryptos, because of unlimited supply, one quote stuck with me, from Etherium founder i think :

,,On it's first days, noone believed in internet neither''

So - who knows, maybe. Just don't want to see folks loosing their savings.

Sprout · Apr 27, 2020

wiesman02 said:
Bitcoin is slowly dying. How many times have I heard people say "bitcoin has crossed a very important level".

Important for who ? No institutions, hedge funds, or gov'ts are buying this trash. The time to sell was in January of 2018.

https://99bitcoins.com/bitcoin-obituaries/

Fx-Game · Apr 27, 2020

Nobert said:
Despite of all of my skepticism about cryptos, because of unlimited supply, one quote stuck with my, from Etherium founder i think :

,,On it's first days, noone believed in internet neither''

So - who knows, maybe. Just don't want to see folks loosing their savings.

Unlimited supply isn't the case.
Compared to the FED or ECB machine, there is a limit for Bitcoins: 21 million.
And almost all were mined until now.
Once reached, we'll see the outcome ;

Nobert · Apr 27, 2020

Fx-Game said:
Unlimited supply isn't the case.
Compared to the FED or ECB machine, there is a limit for Bitcoins: 21 million.
And almost all were mined until now.
Once reached, we'll see the outcome ;

Yeah ;
i just like watching it all happening, while having a personal mental bet, inside my head, on the overall outcome of this. Curious.
Like the oil went under the 0, so who knows, what kind of the outcome, we might get from this, since i don't know that many (if any), alternatives from the past - that crypto could be compered with (?)

Sprout said:
View attachment 226200

https://99bitcoins.com/bitcoin-obituaries/

Epic !
Damn, now i want to draw something like that too. Got hyped.
Will get onto it.
(there's about 5 hours of work in that pic >at the most<, but the idea - imagine what could be done in 50)

maxinger · Apr 27, 2020

seems like it is now in bear channel
as there is infinite , unlimited supply of cryptocurrencies.

HERE LIVES BITCOIN.

Fx-Game · Apr 27, 2020

Nobert said:
Yeah ;
i just like watching it all happening, while having a personal mental bet, inside my head, on the overall outcome of this. Curious.
Like the oil went under the 0, so who knows, what kind of the outcome, we might get from this, since i don't know that many (if any), alternatives from the past - that crypto could be compered with (?)

Epic !
Damn, now i want to draw something like that too. Got hyped.
Will get onto it.
(there's about 5 hours of work in that pic >at the most<, but the idea - imagine what could be done in 50)

maxinger said:
seems like it is now in bear channel
as there is infinite , unlimited supply of cryptocurrencies.

HERE LIVES BITCOIN.

Since we are here for speculative investments, this the best explanation: