study the qqq chart from 1998 to 2003, use it as a reference for where the bitcoin bottom MIGHT be.
Bitcoin Price Thread
- Thread starter Magna
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study the qqq chart from 1998 to 2003, use it as a reference for where the bitcoin bottom MIGHT be.
this would be a concern if some day crytos become mainstream.... right now it's not really legit currencies, just one of many upcoming technologies in development... I'd rank them similarly to IoTs, automated cars etc.
Hence the market cap argument.... after all everything is still priced in the good old USD.
you see how dead this thread is.... this is the beginning of a long, painful, dead period that will last for years, where 1 after another the last of the small account holders give up and just can't watch their investment erode slowly day after day like water torture.
the big guys need time, to accumulate the chips, before the next rally to suck blood from a new bunch of fools.
the big guys need time, to accumulate the chips, before the next rally to suck blood from a new bunch of fools.
While I think it will probably be lacklustre for most of 2019. I don't think it will take years for a bull run.
For bottom of bitcoin, we probably have already hit it at 3k. Possibly could head lower to 2kish but I really dont see any lower than that. 2nd half of 2019 should see most coins picking up steam.
As to when it will be 20k again. 2020 is a strong possibility with btc halvening. I could see another euphoric run in 2021 with btc possibly hitting 100k.
3k maybe the 'value bottom'... but can easily over-shoot to 2k as an 'panic bottom'... too thin, too centralized, too easy to manipulate.
how long did it take for nasdaq to reclaim the 5000 peak? 17 years? that that was an inevitable recovery backed by profit growth.
I'd say the recovery of cryptos maybe inevitable as block chain is a legit technology, but any individual coin can go to zero, btc is no exception.
2020/2021 recovery is way too soon... people are still hopeful... small speculators are still holding on... the chips have not been consolidated by the big players... that is not the condition for a new run.
look at gold? remember the mania? how long has it been dead?
btc was touted as the digital gold right
Such a rosy and wishful thinking. More and more news come out that BTC is manipulated POS. Remove fake USDT and BTC will crush. Good luck finding more fools to fall for it again.
Totally agree that block chain technology has a bright future.
Bitcoin trading in crisis-stricken Venezuela has just hit an all-time high
Published 2 Hours Ago
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quite scary. sooo many cases of stolen bitcoin.
also businessmen could simply create more coins to meet demand.
so price could be suppressed.
- The amount of bitcoin traded in crisis-stricken Venezuela has exploded to reach an all-time high.
- In the last week, the amount of Bitcoin traded in the oil-rich, but cash-poor, country has soared by 30 percent to 2,454 bitcoins, according to crypto data tracker Coin Dance
Published 2 Hours Ago
_____________
quite scary. sooo many cases of stolen bitcoin.
also businessmen could simply create more coins to meet demand.
so price could be suppressed.