Tulips have a utility just the price was wrong is the counter to that argument.   Tulips still exist and they flower after every year once planted for many decades afterwards, thats a high yield item that does justify some kind of investment.   However the price got out of control and perhaps we need to learn better what triggered that inaccuracy at that time especially.
   Bitcoin right now does have a utility to it, every big voice criticizing it seems to forget their own self bias which is that they dont need Bitcoin but that doesn't invalidate it.  Invariably the guy on national news is someone rich enough to span multiple countries, have many companies, currencies much utility under their command and can choose to patronize whichever economy they like in the world so no wonder they say this isnt needed or gold does it better or whatever negative conclusion they draw.
   Im not going to argue especially just its quite obvious when people look at dollar & notice its failed in some way but then decide how best to avoid that failure, the market takes its own path like a winding river its not binded to any persons perspective or choices its a collective market and doesn't belong to anyone.     We forgot what a free market is I think, we live for many years now when all currency and trade is limited by red tape and constant debasement of money printing and all kinds of stimulus type measures.   I dont think we recognize capitalism anymore because its a stranger to us now.

Its not top because of a website ranking, BTC has the highest security over various alt coins.   That impacts the size of transaction possible that is still secure so majority of traffic in large amounts will stick with the most secure blockchain, its a self reinforcing type of thing.
   I'd say with the current move it bounces back until 50 DMA is reached and then we begin a proper fight between bulls and bears.   He is a good chart I saw posted that shows volume weighted averages:

I've been waiting for it to pullback big to say 20k this whole year.   It has pulled back drastically at times to be fair and then its risen right back anyway.   This last fall was the most serious breaking 50 day for the first time this year is not small and suggests to me 200 day also must be met as its the most referenced TA recognized and used globally.  This does give me pause to think selling phase or doubts by speculators etc. is not over, the fat lady aint sung just yet.
   Yet the correct view to have right now is respect the market, dont stand in the way of a Mack truck as if it wants to get 70k 80k whatever multiple I could believe 100k or over if it wants then its going to get that and yet I still think a harsh test or consolidation of volume will occur because its needed and because the shake out helps strengthen prices so its not even a negative thing to call out; just dont stand in the way seems to be the best advice as these are all epic moves occurring.

I should have bet Hopkins I knew the whole sentimental aspect would put him ahead of the game, I didnt realise the odds were so high and remote.   Obviously a kinda obscure type movie, not blockbuster not anything but I know the acting trade and thats a story thats going to get real appreciation from the voters behind oscars who invariably will have been in the industry their whole lives and not so much 20 somethings unaware of the struggles with aging etc.

Every site in existence has to do maintenance, thats a normal thing.  The problem with a global thing like crypto is there is no exact downtime to push it through in the middle of the night because its always prime time somewhere. 

Im just watching a twitch stream with Stake Slots, big win and a near miss of half mil he needed Pharaohs for that but he got Medusas for 5 figures anyhow.    Its still live and it says they are doing a giveaway at stream end. 


24x multiplier streak

Its not alarming when its risen so much its quite normal.  I thought 40k was fair target so it wasnt as bearish as it could be, I dont think it can be called negative especially.   It can pullback in future but for now the price is on the 2 day average and appears like it will keep going till at least 50 day average is achieved.   Just staying above 53k today which is weekly average is going to qualify price action as continuing positively.

Its been tracking the 12hr average all day pretty much so its far from bearish.   What could happen is it is too positive and overcooks, so maybe hitting the 50 day average would release some selling and then lead back down some.   It would appear sub 50k was enough of a test, I was looking for a larger amount to occur but I never thought it would be all at once.   Right now we dont know it'll sell again like this or that pullback was enough to put in a low and form a base for a proper break upwards.

Doubling strategy just the words makes me fear the worst for your chances of a gain vs the risk of loss.   Doubling anything gets expensive fast, offer 2 cents to someone & on some condition  to double it every day you will by end of month owe them 21 million

Golden tickets from the wheel of fortune is about 40k to 1 odds for the largest 50 tickets but overall about 5700 to 1 for any golden ticket which is likely a bit over once a year for the top premium holder.   The Rolex win I would not estimate anyone has won yet as its just 1 ticket out of 1 billion,  It probably does happen in the end because of the amount of spins attempted but will be notable when it happens.  My best hope is for the golden tickets and then to be very lucky on that :p

As far as this end month price bet deal, we got such a rise ignited I wonder whats powering it but I would guess we magnetise to the 50 day average as the point of most significance shared which is 56 or 57k so once reached it could be pivotal I guess.  I dont think we especially then get as great movement before month end so we end in this region.

Losing is not the biggest problem if you lose while betting smaller then when you win, I always think the best gamblers manage their money to accumulate wins into streaks.   So if you can stay regular rather then chasing wins you will not end up with a bad game strategy, thats probably the most common mistake any person can make.    The simple way to start into this frame of mind is write down your reasonable hours of gaming and keep to them, dont extend past them win or lose you are just a player between those hours and then let yourself off the hook when the time is up.    Learn to appreciate the game not just the money won, this will make you a better player in the end.   Bad habits can occur anywhere so reset your behaviour, avoid being tired if you are trying to learn a new game or play differently and come back another day or week however long it takes for you to feel comfortable.

50 day average is probably the gold measure for now, the simple take.  I always imagine we can go back to the 200 day but perhaps its more like the 200 day will come to meet us more then the other way round.   
   My quick look and 56k would be a good place to pass and hold for this week, just now we are passing the weekly average which is quite important to keep if the market is argued to be strong.   Just turning around in one day to me says a volatile market and inaccurate in its pricing but on a Monday these things can happen in the clash of the main markets starting back up.

Crypto may agitate for change but its not the cause or weapon used to end anything, I dont see it as violent or aggressive as that.   There is still much development and usage that must occur, the majority of people still dont have a clue I reckon and you can fault the system for that or the people perhaps but not everyone grew up with a computer so I blame ease of use as still being not good enough but its a shared problem.
   Central banks have been rotting inside out from before the 70's  we are well past half a century of failure at this point and its not crypto's fault or the internet or any persons.   Most systems will fail, if anything crypto is the saviour for what is inevitable anyway; it is the life raft not the torpedo.

Theres a whole movement globally for people who want to retire early, some do it evenly and in a planned way and others put it all on red and spin the wheel.,   Either way can work but the real test is keeping hold of your riches and appreciating the various changes in market over time, retaining wealth vs costs is not as easy as it appears at first.   I wonder what the tax laws in Korea might be for large capital gains, seems most government dont like people gaining alot at once without giving them some also and by some I mean maybe as much as half.

Im one of the more bearish speculators or traders on here, Im always looking for a pullback but a one million cycle is possible however you put yourself this year it can happen eventually.   The problem with any larger target, it wont happen in isolation.   So events of the last year have been unprecedented not just with a virus as that has happened before just not on this scale and so universally but most of note and related is the moves in finance which moved us so far into the next stage of dollar devaluation.   To speculate on 1 million really I expect more of this grand scale macro economic moves, I dont know the details but large moves happen not in isolation but likely alongside a general tectonic change to the worlds structure in some way. 
  To put it briefly lots of prices changed quite alot in the last year, BTC didnt move alone and so a big target like this also comes in a wider mass of change.

Liked that one alot at the time but never would have thought it was a serious contender for an oscar.   The Father I thought might sneak a win because it is such a contentious issue (purely my opinion I dont think of it as a winning subject), as a plain movie its so far away from traditional blockbuster.  It is a play more then a movie really, but either way its very well done and I dont disagree with the award especially with Hopkins who rarely does a poor effort whatever he is handed.
    I dont see Oscars as political but its nothing new they will always have a greater theme to their awards, if that isnt there then people can be upset the film content itself is not judged purely.

I would think twice about that already, they dont subscribe to usury en masse as we are all used to now and various kinds of normal banking problems are avoided by excluding the  high leverage situation that builds up in western banks in sometimes a completely false way.   Obviously risk cannot be avoided and imo gambling is a natural instinct as all humans must deal with risk but I understand and respect their faith and belief in excluding various practises now common in western civilisation.   I hope they benefit from it and its some benefit to the world not to have everyone revolving around the same leveraged banking system.  Crypto is one method of alternate ledger and various countries like this also have a strong natural aversion to FIAT; I think they are natural allies to crypto tbh just not on this one sector of usage.

Its worth mulling this question over on prospects and possible price accumulation should benefits prove valid, I wonder even if BTC could go down and FUN rise to compensate for the fall in value perhaps one day but this token has usage so its not the torturous risk others seem to perceive and fear.   Really the highest utility is going to be with the biggest gamblers and so this is the scenario to consider for balance in price.   Its very nice that they made it give out immediate bonus wheel of fortune spins on purchase because that is a good plus for the little holders which is most of us.   Also alot of people dont intend to hold crypto a year, they think about a month ahead to gamble the bill money on something before its due natural leverage everyone has this; hence the market is always going to be volatile we get alot of day trippers in crypto I reckon.

Self control is a good point, available funds might be too tempting but ideally there is a way to self limit the daily spend for just such reasons.   Obviously some of us like to drink  while playing and what you decide early in the evening can go to pot in the small hours of the morning.   Besides that its possible to just make a mistake, the best site allows crypto of many kinds but also is perhaps offering the dollar bets which is paid for in crypto so you dont have to be doing sums to know the value.  BTC can change 10% in one day like today but thats a good thing if you already got it hence I tend to hold onto more then I need and Im used to not thinking of it as available but I appreciate the dilemma is a real one.

A lower price on one day isnt a reason to sell exactly, its a feature of retail markets especially or consumer end prices where people react too actively and it becomes a phenomena that prices are especially volatile and thats true of BTC I think.    We will go under 40k I will still argue that after todays 10% rise because one day down or one day up doesnt make the trend or overall reasoning.   We have enough reason to test lower prices, establish volume and then form lows.
   The overall guidance you have best might be the strength of dollar which I think will spike sooner or later but in general its not getting stronger relative to BTC, its probably continuing to weaken over years but also I expect erratic disorderly markets.   That last phrase is the magic word for FED to lose their **** and extreme things happen which in the end is best summarised with further plain dollar cash value losses, more QE type action.   Its very unlikely we get 10% interest rates which would be a proper sell off in many assets including BTC I think.   Anyhow what is most important is that development in BTC and crypto overall is progressing positively, base line relies on that and froth is people getting too hype short term when its going to take 2024 or more to advance properly imo.

Why does it have to move in one go to either extreme, anyone who trading on the basis they dont know everything which is most of us has to consider a buy on lows in order to avoid missing future highs.   There is a reasonable low, the point to consider now is the strength of the move which is probably around this 53k mark.   The weekly average is in this area so I would use that as easy reference we need to pass and hold that measure to keep momentum to the upside in this current recovery attempt.



20k can I dont disagree but also the way its viewed and I would expect it only as an extreme held briefly not some point to hold as a majority objective.  Just getting to 40k was my expectation this time.

GRaph shows we fell, we slowed the rate of descent and then we put in a bottom price outside the trend and rose.  Now it has prior selling volume to navigate to continue, no doubt traders will take profits several times and it wont move simply in one direction up or down.

Thats an awful idea and in business that would put USA out of line with the rest of the world.    Obviously gains can reverse, taxes can and do have influence on markets by feedback effect with certain cost leading to selling and lower prices and ultimately less capital invested.

Ultimately on taxes you can look at the amount governments spend, they will tax you one way or another and inflation itself is a form of taxation by over production of currency to best favor fiscal budgets first and foremost.   It could be considered fairly inevitable taxes will be levied, the best implementation is always to tax business in a sector not people specifically but as BTC is exchanged globally without a central point that would be hard to do without bringing competitive disadvantage to any USA company involved.  
  Before Biden and about last year prior to the virus deal occurring the same rumor was there for Trump, I thought it was quite serious and would be the cause of a new low some saw coming on the charts but it wasnt that and we've been busy elsewhere.  Arguably they are still distracted elsewhere I dont think it passes this year if it is a thing.