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Author Topic: [2018-11-23]BitPay COO Sonny Singh: Bitcoin Could Hit $15-20K by End of 2019  (Read 295 times)
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December 03, 2018, 09:53:22 PM
 #21


He must be on something. Even if I were a newcomer to the scene, not knowing anything about cryptocurrencies, and saw the all time charts, I wouldn't dare to predict a 10k BTC next month. We are in a bear market going lower and lower, even if it bounces back it will have a hard time going over 7k, the price it couldn't breach for months when we were much more positive than we are now. I'm bullish, but some people like Mcafee, Lee, Novogratz, and a few others don't make sense.

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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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December 03, 2018, 10:46:03 PM
 #22

Even if I were a newcomer to the scene, not knowing anything about cryptocurrencies, and saw the all time charts, I wouldn't dare to predict a 10k BTC next month. We are in a bear market going lower and lower, even if it bounces back it will have a hard time going over 7k, the price it couldn't breach for months when we were much more positive than we are now.
That's a bit too easy. Most of the people who entered did it on the way up last year, or on the way down this year, and that without any experience with markets. Basic noob "understanding" is chart from high to low means it's a good buying opportunity, not knowing that crypto prices can tank far below that what people consider to be low already.

I'm bullish, but some people like Mcafee, Lee, Novogratz, and a few others don't make sense.
It's actually a good thing. It shows that these hillbillies people think are experts aren't more expert than most of the countless noobs we have in the market here.
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