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Tomorrow, the president of the FED, Jerome Powell, will talk in front congress. Will it tip his hand and explains how dovish he will be and will market participants feel how much he is ready to cut the federeal rate and create currency via QEs or other monetary options ?
It's possible the USD will tank, gold and bitcoin will rise.
Within 12 months, there will be a break-out and the trust in USD and EUR will go down, probably abruptly. This is very bullish for BTC.
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There was an open sell order of 7500 btc at 12,100 and the wall has been entirely bought up !
Nice !
It makes me think why would someone put a sell order of 100m$ because if you do, it means you want to sell, why put such a high selling wall that will be bearish for the very price you want to go up ? Maybe because you don't want the price to go up but the wall was eaten and the 7500 btc were sold.
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Some think it peaked and that there should have a correction do they go short, it rallies and they end up covering which fuels the rally even more.
+
FOMO
But at some point the whales pumping will sell and a portion who bought up 8k+ in 2017 will remember the felling they had of not selling at 15k+ only to see the price going down under their buying price so they will get prudent and sell some.
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The price went up +500$ in a few hours, it could be a bulltrap or we could see an other correction but that feels very bullish and the sentiment is very high. How much would the price go up if LIBRA https://libra.org says they will have 0.1% of their reserves in bitcoin ? It would be a good idea to have some bitcoin and some gold to protect the value of their reserves against fiat inflation and loss of values of the big currencies and to be ready to buy more if needed. |
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If we get a new atm then the price of Bitcoin goes down of more than 70% again within 2 years, it will be very depressing but we would have a recent and known precedent of the price going back up so we can expect some nice support on the way down.
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For the true believers, Bitcoin will always have value as long as it exists.
We will be happy to work or sell goods for 1 btc even if we know the price will move in the future.
The increase of true believers, of their revenue and of their networth drives the price up because as they get older, they get richer and as they get richer, they get more bitcoins. The process takes year and increases bitcoin's strengh and bottoms.
It's not a year or 2 bear market that will chase previous true believers and new true believers arrive in the community everyday and it's pushing the price higher.
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1800 new btc are mined each day that a 3,81% inflation rate per annum according to https://www.bitcoinblockhalf.com/Reward drop ETA: Sun, 24 May 2020 13:38:58 GMT according to http://www.thehalvening.com/==>A lot of the 1800 btc end up beeing sold on exchanges, it's a small factor compared to how much new money is coming in and how many btc from holders are being sold. As the price rises, the attention on bitcoin increase, it's more positive, more uses are possible, more people are in the money and happy. I think that as the price rises, some want to sell but holders notice we are in a bull market and hold even more because of fomo = fear of missing out. People on the side lines buy, traders go long, miners tend to sell less at first and the price skyrocks in what's still a relatively thin market. |
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Bitcoin is useful to digitally keep some wealth out of the official banking system.
Now that the FED is leaving the tightening rhetoric, us prices will soar, the dollar will crash, gold will go up.
Bitcoin is very likely to spike again.
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If the leading signal on the 4-hr MACD goes upwards through 0, I may take a gamble and buy. Slowly creeping upwards now.
 Looking good, wedge broken. Yet the problem is volume. Anyway take a close look at ETHBTC / 1D , hammer on good volume yesterday (and close to historic support). Bear in mind an altcoin rally can ignite a BTC rally, eventually. Good luck. Bitcoin dominance is at 55.8% so bitcoin is resisting more than alt currencies as a whole. The long term case for Bitcoin is still here, the USD will go down as the FED will print to keep the US government promises and the Bitcoin believers are not capitulating so Bitcoin will be at 100 K$ within 4 years. |
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Some crypto will make it big.
Bitcoin is very decentralized from governments, useful and trusted so it has a lot of value and it's value should increase when the western financial systems will blow up.
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At 20k$ I was a seller but the price is resisting nicely at 10k$, when the dollar will explode, it should go up tremendously, I am a buyer now :-)
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try bitfinex lending + coinlend.org tool for maximum profit.  On coinlend.org, yearly returns : Token Platform Rate Santiment Bitfinex 78.05% US-Dollar Bitfinex 49.28% Litecoin Poloniex 28.39% Euro Bitfinex 24.79% Litecoin Bitfinex 21.39% US-Dollar Quoine 19.97% Factom Poloniex 13.58% Ripple Poloniex 12.17% Dash Bitfinex 6.82% Bitcoin Quoine 5.59% Ether Bitfinex 5.06% NEO Bitfinex 4.69% Bitcoin Bitfinex 4.58% 49.28%/year for US-D on bitfinex, why so much ? Is coinlend.org legit? Have you tried it. Would like to hear opinion, the only downside is that there is not any information about this bot being open source or I have missed something. I raise my dubts about it since it's not open source which means I can do a quick look at the code and compile it myself. I haven't try it yet and there is obviously third party risk involved. There is a third-party risk when you keep your bitcoins on a website, a lot of us want to avoid this risk but it's interesting to consider the options to invest a portion of your bitcoins holdings and get a positive return instead of having your bitcoins just sit in the wallet.
Why ? You can simply keep your bitcoins on a hardware wallet or offline ? Investing bitcoins into loans is also a highly risky way of storing your bitcoins.Chances are,you might never get them back. Just-dice was trusted and successfully returned gains to investors : you could invest in the site bankroll and play against the players with a 1% edge. You had third party risk and a gambling whale could make you lose money.
Yes that seems feasible ,you can checkout my signature [crypto-games.net] if it interests you.Again,this also has it's own risk. As of today, freebitco pays daily 4.08% of annual interest on any BTC you keep on the website and bitfinex pays you to lend the bitcoins for traders to short bitcoins, what do you think of these two options and what other options do you know ?
If both of the website get hacked tomorrow,you will be left with nothing..I don't see no investment when I would end up losing whatever I had without my involvement. Yes you eliminate the third party risk by storing bitcoins yourself on a hardware, paper wallet or a brain wallet even you still have a risk of losing your bitcoins through a mistake and you can still have them stolen. Having a small portion of your bitcoins invested is a personal choice many take to have a revenu in bitcoins. |
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No its not a bubble.Any asset or stock which is over valued than its true value only could be termed as a bubble.I hope that bitcoin is not over valued.Also,bitcoin.is not only an asset as it is considered nowadays.It is.also used as a currency but mostly in Japan Where it has been legalized.But most bigger co companies like amazon are in an idea to accept bitcoin.Also,traders regularly buy and sell bitcoins thus the demand would continuously remain.So.bitcoin is not surely a bubble.
Too thin of an analysis especially when the technical cap balloons the transaction fees and BTC can't be efficiently used to make small purchases. There is a need for a decentralized currency created by the market and not by the government and a lot of people give a lot of value a trust to Bitcoin but this value and trust could mostly shift to BCH or an other crypto. |
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try bitfinex lending + coinlend.org tool for maximum profit. On coinlend.org, yearly returns : Token Platform Rate Santiment Bitfinex 78.05% US-Dollar Bitfinex 49.28% Litecoin Poloniex 28.39% Euro Bitfinex 24.79% Litecoin Bitfinex 21.39% US-Dollar Quoine 19.97% Factom Poloniex 13.58% Ripple Poloniex 12.17% Dash Bitfinex 6.82% Bitcoin Quoine 5.59% Ether Bitfinex 5.06% NEO Bitfinex 4.69% Bitcoin Bitfinex 4.58% 49.28%/year for US-D on bitfinex, why so much ? |
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You have absolutely no idea what bitcoin or a currency is and you have no economic knowledge  Yeah, I'm only a licensed investment advisor several years running.. . Bitcoin is a commodity - not a currency. You go ahead and throw your money away... you'll get 4% interest a day, but you'll never see that money. My point was you jumped to conclusion saying I have no idea how money work. I am not advising to invest in freebitco but knowing what you can do with your bitcoins is of interest for me. Obviously there is a third party risk if you deposit your bitcoins on any website, especially if it's not incorporated in a country with higher accountability. BTW, Freebitco pays daily a 4.08% of annual interest rate, not 4.08% per day. What do you do with your bitcoins ? |
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its probably a bubble but as long as the holders don't panic and sell all they have it will still grow
because of all the publicity the more it goes up the more people want to get in and not miss the uptrend
I don't agree. What if this bubble never pops because stores will start accepting it and you'll be able to turn your profits directly into goods without the need of exchanges? Internet was also called a bubble back in the day. Yes it was a called a bubble (overpriced probably is a better term) and for a good reason because it eventually poped (prices declined sharply) but that does not mean to say nothing good came out of this ... because internet was certainly an innovation .... all this money coming into bitcoin and altcoins are giving the necessary money to make progress in the field Most will agree it's likely we see a major correction within the next 2 years. Bitcoin has a lot of merit and strong believers but it needs to have a use AND it needs to beat the competition, neither are a given at this time. |
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If an asset is overvalued than its original value,then its termed as a bubble.I don't think that bitcoin is overvalued.
On one hand, this conversation between Andreas Antonopoulos and Joe Rogan can easily make someone bullish : https://www.youtube.com/watch?v=DuoE5CXlIdY because Andreas emphasized the advantages in terms of privacy of having a decentralized digital global currency that is not owned by a nation or a company. On the other hand, Max Reiser's mostly foolish arguments makes me bearish : https://www.youtube.com/watch?v=0IuXhlIbTVE : he mostly arbitrary choses that the price will be stable a bit before 100 K$ but if the price is stagnant for years, most people that bought to make a $ gain will sell because the best current use of bitcoin and the biggest reason why people buy and hold bitcoin will not be there anymore : keeping it to enjoy fiat currency gains. More people everyday are buying it for fear of missing on future gains and people who have it mostly keep their holding for even larger gains. The more Bitcoin can be used to buy things, the more reason the price has not to come down. Bitcoin is very useful to hide value, keep it private and transfer it without being blocked by frontiers or government laws which is a great reason to have it for a lot of people, especially those being in countries where the bank system is bad or almost non existant and where the government is openly bad. But there are good alternatives to Bitcoin : Cash is still here, Gold, the Swiss Franc and other crypto such as BCH. |
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As of today, freebitco pays daily 4.08% of annual interest on any BTC you keep on the website
You have no clue about how money works. You have absolutely no idea what bitcoin or a currency is and you have no economic knowledge |
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BCH seems promising, Bitcoin was sold as great for small payment, it's not anymore. For example, satoshidice now uses BCH.
Bitcoin has gone so far and is known and trusted by so many that it's easy to think it will remain a store of value for a lot of people. There will be huge swings in price though, it's hard to say how it will trade because it's a new market.
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