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1  Economy / Speculation / Bitcoin was never meant to be a hedge against a Global Pandemic on: March 17, 2020, 05:00:01 AM
I believe in a normal Financial Crisis, Bitcoin would have fared better, but we are dealing with something that is being treated as much larger, which is a global pandemic. In 2008 people didn't hoard groceries, hoard supplies, get locked inside of their houses, have their livelihood shut down etc. This is not just a financial crisis, this is something different. There is real fear among many people that things will continue to get much worse and dangerous for a very long period of time. Bitcoin was never meant to be a hedge against a global pandemic. Gold is suffering the same fate as well, Gold is not a hedge against a Global Pandemic either. Once when the fear of the Global Pandemic absolves, Bitcoin will continue on its way toward what it is meant to achieve.
2  Economy / Speculation / What year will Bitcoin reach $250,000? on: August 31, 2019, 04:35:19 PM
This post from 2013 inspired me to make this poll.
3  Economy / Speculation / Has the monthly RSI told the whole story the entire time? on: May 01, 2019, 08:40:15 PM
It accurately showed the top in both 2013 and 2017, it also accurately showed the bottom in 2015, and it appears to have shown the bottom in this can be up for debate but it is also showing that the accumulation period has been much shorter than last time and is possibly over. If the RSI goes above 54 then it could be off to the races, we are pretty much at a resistance point right now, however when it reach this RSI level last time, the Bull run was at the very beginning. I would keep an eye on that, if it gets rejected then we will likely see a double bottom for the RSI which would make a lot of sense, however if it breaks through the bull market is likely on, it also would probably Bitcoins price is somewhere above $6000.....

*someone quote my image, im a newbie Cry
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