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I bought beer and fries a few years ago with coins that my GPU mined.
My most expensive beer so far.
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It is same as saying how much money you want. There is no stop to greed as even you achieve your target then also you will think of getting more. Aim for certain target that is sufficient for good life rather than aiming for luxurious life.
Well, that is not entirely the same. Here you can buy a static percentage of a full blown asset/currency while saving an amount of money is arbitrary and moving up all the time. Remember when someone with a million dollar was actually really rich just 20 years ago. Now that is basically just the needed regular amount for a middle class life. Years ago I told everyone 10 Btc is a nice goal. Now this is not achievable anymore, so I recommend just 1.  |
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Looks like we are going to $9k next week Give it a few more weeks, I expect a slow exit of the downward channel. But wouldn't be very much bothered by a fast pump up haha. That is how I see it to play out:  |
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Nothing unusual is happening, just common volatility process.
At first everyone was so thrilled about price rise expecting 10000$ or more even this week. But people always forget that price can easily pull back and that there is no guarantee for continuous growth.
Anyway, I expect for price to go back and forth in the next period of time and I don't think that we will see some major changes, probably it will stay somwhere in the range between 7000$ and 8000$.
I also expect some sideways until we have a break out of it. I expect a big green candle after we slowly move out of the channel through a time-correction. Then we're off for some serious pump up to $17k. |
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Have chance for bitcoin back above $16k on this year? I keep trusted with bitcoin can back to higher price later but depend with how situation in bigger economic country with bitcoin, never make bad or negative news about bitcoin where can give effect bitcoin become down and look not higher respond from investor again.
I would also keep an eye on the CME futures. In my opinion they are a major trend setter for the last year and will continue to be. Although it makes me quite uncomfortable that the price might be set by a "bet-tool" with nothing backing it up. In that case the chances for a run up to $16k are pretty high. The futures markets won't miss an opportunity like the halving to play its game on the market. |
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I'm really tired of Trump. I never wanted him as POTUS, but I thought his presidency was going better than I thought it was up until this thing with the Iranians, which I'm absolutely certain is a smokescreen to draw attention away from his impeachment. And now it's clear he has no idea what he's doing. That's the scary thing. It came completely out of left field, like a diversion tactic. Governments do that in general (creating crises to divert attention from corruption and incompetence), but with Trump it feels like literally anything could happen at any time. All bets are off, etc. The stock market is performing extremely strong through all this. Nothing can keep it down. It's exuberant. Which probably means everyone calling for a crash in 2020 is going to be disappointed. There is just nothing left to put money in. To much money and no options to invest/secure it from negative rates. People are already calling for a crash since 2015, yet nothing happened yet. I don't see much going anymore for 2020. If the stock bubble blows up more, I'd be really shocked. |
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So that's my take for the halving season this year. Run up to 16300-17300 and then some consolidation phase maybe down to $12k before or shortly after the halving(green vertical line). First I was a little skeptical that there is not enough time to rise to that level, but after copy pasting the fractal from the $4k-$13k run-up(not even the whole fractal), it is actually not a problem. |
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This is really an interesting topic because recently I have been looking into other investments and something else to invest in. Apart from Gold and Bitcoin, I have never invested in any other assets or stocks.
I started my Investment journey with Gold and after few months I decided to sell it before coming across Bitcoin around 2014 and then I started investing in Bitcoin. From then till now. I also did spread out to a few altcoins (Ethereum, Stellar and Bitcoin Cash), so cryptocurrency and gold has been my only investment so far. Recently I have been doing research and looking for other options to consider.
I'm in the same boat, would love to diversify some percentage of my crypto holdings to more regulated old-school assets like stocks and ETFs for the long term. However I don't see currently any better investment option that crypto currencies in the year of the halving. |
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The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation.
Not only oil prices. Just have a look at the precious metals:    |
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Whats Ur take on that?
War situation USA Trump Economy and crypto Currrency?
Do u Think that current situation have any impact on crypto?
One of the main reason why usa wants to have war is because of money. If there is a war then they can sell all their weapons and conqued the world. That's why they want to trigger every country to be their alliance or they will make it as enemy. The current situation between usa and Iran will make tension also to our country specially to our security. And it may affect everyones live I don't think it is because of money. I think the reason is more to the political situation in the US and the coming elections at the end of the year. Thus Trump has to present himself as the big, powerful guy. This correlates well with the timing of the trade war with China and the resolved situation. Both parties, US and the Iran, had the opportunity to show some strength in the world politics. But no one is really interested in a full blown up conflict. And Trump definitely doesn't want pictures of dead soldiers when there is an election coming up. |
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If in 2020, the level of supply and demand is higher than in 2017, I believe bitcoin will make a historic milestone and create a new ATH, but according to the analysis of market experts, The impact of cryptocurrency is not as high as that of 2017 and we need more investors to pay attention to the market. This year there are many interesting events for bitcoin but if not have new investors, I think its price will not fluctuate too much.
Well isn't that pretty obvious ? We are in a heavy accumulation phase. Last time when we had the crazy bull run in 2017, half of the internet population was mental when we broke $9k for the first time. Today no one really cares, and that is a pretty fantastic thing, don't you think ? |
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Interesting point I just came across: Bitcoin is rising this year pretty much the same as other metals did. However we are rising far less than something like Rhodium  |
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There are those who think that taking Bitcoin will immediately become rich. This is not very logical behavior. Let me explain this to you. Imagine bitcoin fields 10 years ago. In 2017, those who were still patient became rich.
I always explain Bitcoin with an investing time horizon of 4-5 years in mind. So every one can experience at least one halving in his/her crypto investment lifespan. Unfortunately almost no one was really interested in this asset before 2017 and only the bull run changed a few minds in my community. |
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We've been fighting to retain support levels for a few months now; it has been relentless downwards pressure. Certainly the upwards movement is welcome, and it's good that there has been little resistance so far. However I do still think it's far too soon to call a bull. I'd be happy at the moment if we can hold 8000 and turn it into solid support.
The big thing to watch is the descending channel. If you eventually break out of it with force we're back to the bull. Now it is still a little bit of scalp trading here and there and taking small profits, while the pile of gold is just around the corner. |
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The year started great, looking at bitcoin that is obvious but if you look at ethereum for example, the price in bitcoin terms dropped but in the last 7 days the dollar value of it went up from 130 dollars to 145 dollars which is awesome, same with litecoin that went from 42 dollars to 48 dollars, eos went from 2.6 to 2.9 dollar levels, bnb went from 13 to 16 dollar levels, most shocking monero started with 45 dollars to move 59 dollars, cardano specially started with 0,033 to 0,038.
So, basically if you don't look at bitcoin levels and focus on the fiat levels in 2020 there has been an increase in almost all coins in the past week, at least all the ones that people care about. If this trend continues until halving we may have that December 2017 peak time once again in all of crypto.
They can rise as much as they want, as long bitcoin increases its crypto market share.  |
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So Bitcoin after crossing $7600 resistance is now testing $8200. If the volume permits it can easily go $9k+. But that won't be easy as breaching three resistances together gonna be tough for bulls in such a bearish market. If you look overall, the sentiments are still of bearish.
But similarly there is a lack of volume in bears too and hence, they aren't much motivated for keeping the price down. So, I guess the correction will definitely happen but after one more up wave.
Without continuation, this is most probable to drop down to high 7000s. Bears of 2 months past will be euphoric and glee about a "confirmed rejection" from the big downtrend line on their charts. Some deliberations will be made about long/short ratio on Bitfinex requiring a reset. Then it'll retake 8400 and keep going within the range of the past year. They'll draw some more lines. Maybe they'll short some more, I don't know where it ends. Meanwhile, I'll join the trend and take profit. |
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I think the price of bitcoin will not rise to $ 9,000. Because it first needs to break the $ 8,500 barrier and by now the bitcoin price is already at $ 8,050 and if it returns to the $ 7,000 + price it will probably have difficulty raising it again.
Especially now that many investor securing thier profits.
It is a very healthy pull-back. I don't expect it to go much further down. Expect some side ways for a few days with an explosiv breakout of the falling wedge. |
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Cryptocurrency has the power to make bank available to anyone. P2p will lead to transparent, instant and complete transfer of funds. This will help both the parties as there won't be any intermediary to take fees or make the process cumbersome. Also, anyone can raise funds for their start up easily than what is the process today. This might increase the spam rate but in one way will make people access funds more easily. This is turn will boost the economy.
This is just one way to look at it.
That is very true, everyone can have a swiss bank account in their pocket. But don't forget that this is not always admirable for the regular consumer/human who just wants to live month by month. Thus the custody will be accomplished mostly by the old school banks who will hold your keys for the crypt in your bank online account while selling you some derivative or promise for a specific amount of crypto. Bitcoin will be amongst the many others national crypto currencies who will definitely arrive in this decade. |
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I choose Cryptocurrency. People may have different preferences. Nobody gets involved. There are those who want to be rich in taking bitcoin. However, there may be people who want a more transparent economy by trading with bitcoin.
for now fiat and crypto currencies are still interconnected, and inseparable, crypto currencies will not be useful if fiat doesn't support, but maybe the future of fiat will disappear It depends what you re trying to accomplish. Fiat still has its very good use cases in peer2peer transfer(meaning hands to hands). But overall I'm a much bigger fan of crypto, although the technology is definitely not yet ready for global mass adoption, unless lightning really kicks in the same way as segwit did. |
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.. snip ..
As I am writing this bitcoin is close to reach 8k for the first time since Nov 21, this is a good signal what I do not know is why this is happening now, did something happened that completely changed the attitude of most of the participants of the market or this is just another instance in which the price seems to go up only to crash in a spectacular way and it allows the whales to get even bigger? It will be interesting to know the answer to that question and we are going to find out about it soon. We will soon find out what is the real reason for the sudden spike in 24 hours. Perhaps some whale is trying to set up for a bull trap, or maybe speculators thinks that this is the right time to invest more as we're getting closer to the block halvening event. This is a break out run, as the title of this thread, there are so called experts who think that the price will go to $6k, but the opposite happen, we are getting closer to $8k. But just be cautious though, as this might be a bull trap, just saying. I assume the traders are back from their vacations and don't know what to do with their shitton of money that they made in the traditional stock market. Many expect the stock market to go rather sideways, so what better bet is there than a fresh Bitcoin year with a halving around the corner ? |
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