Bitcoin Price Thread
- Thread starter Magna
- Start date
McAfee has changed his mind about BTC (also doesn't want to eat his dick anymore):
“Bitcoin was first,” McAfee wrote in a recent tweet disavowing the cryptocurrency that he once hailed. “It’s an ancient technology. All know it. Newer blockchains have privacy, smart contracts, distributed apps and more. Bitcoin is our future? Was the Model T the future of the automobile?”
https://www.naturalnews.com/2020-01...-famous-2020-bitcoin-prediction-obsolete.html
“Bitcoin was first,” McAfee wrote in a recent tweet disavowing the cryptocurrency that he once hailed. “It’s an ancient technology. All know it. Newer blockchains have privacy, smart contracts, distributed apps and more. Bitcoin is our future? Was the Model T the future of the automobile?”
https://www.naturalnews.com/2020-01...-famous-2020-bitcoin-prediction-obsolete.html
From a Reddit post:
"Actually, on Bitfinex, in the 24 hours up to 23:00 UTC, it jumped from ~$175 to $400 (a 230% increase).
On Poloniex the jump was more modest, from ~$175 to ~$340.
But it is still pumping on both.
My theory is that Calvin and/or many other people saw the last filing by Craig as proof that he is Satoshi, and hence that BSV is the true bitcoin. So they spent lots of new money (in the form of USDT, chiefly on Bitfinex) to buy BSV, driving its price up by 230%.
Then those who sold their BSV used the USDT they received to buy other coins, driving their price up too. And arbitragers, as usual, propagated those increases to other exchanges.
Some evidence for this theory is that the coin that gained the most, after BSV, was its sister BCH (the other "big block bitcoin"), that is now up about 30%. And the coin that rose the least -- about as much as DOGE -- was BTC, the "small block bitcoin". Obviously, if Craig is Satoshi, then BTC must be garbage, as Craig has been saying all along..."
"Actually, on Bitfinex, in the 24 hours up to 23:00 UTC, it jumped from ~$175 to $400 (a 230% increase).
On Poloniex the jump was more modest, from ~$175 to ~$340.
But it is still pumping on both.
My theory is that Calvin and/or many other people saw the last filing by Craig as proof that he is Satoshi, and hence that BSV is the true bitcoin. So they spent lots of new money (in the form of USDT, chiefly on Bitfinex) to buy BSV, driving its price up by 230%.
Then those who sold their BSV used the USDT they received to buy other coins, driving their price up too. And arbitragers, as usual, propagated those increases to other exchanges.
Some evidence for this theory is that the coin that gained the most, after BSV, was its sister BCH (the other "big block bitcoin"), that is now up about 30%. And the coin that rose the least -- about as much as DOGE -- was BTC, the "small block bitcoin". Obviously, if Craig is Satoshi, then BTC must be garbage, as Craig has been saying all along..."
Bitcoin is in a very critical position right now, because we are oversold on the daily time frame, and we are at the 200 day moving average we need to get past. Plus we have previous resistance of 10300, and if we don't break past the 200 MA and put in a higher high then this will just be another bearish signal. All of this is IMO, so take it how you will...
I am out of a position right now, going to wait and see what happens before buying back in.
I am out of a position right now, going to wait and see what happens before buying back in.