Is Bitcoin Dead?

Discussion in 'The Cocktail Lounge' started by GersonH, Sep 12, 2018.

  1. GersonH

    GersonH Active Member

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    In this special episode (just like we did with Ethereum the other day) we look at where Bitcoin is now in the big picture.

    Therefore we take our Fibo-tools, and we measure the move up from 160 & 1.000 dollars respectively, up to 20.000 dollars, and determine: are we still in a core-bullish trend, with a bearish side trend, or is this already a core bearish trend?

    Here we can take a few notes: Bitcoin has made an almost 20x move in just under a year, and following this exponential move, we got a non-linear correction, which is right now building a descending pattern, of which we will definitely see a break coming.

    If this breaks comes to the downside, 5.000 or even 3.000 dollars are possible; but as you can see, even in that worst-case, the picture doesn't look that grim like some analysts are painting it on the wall.

    To the upside we have the 7.400 as the lower highs in the weekly, of which the break could signal the next phase for Bitcoin.
    Source: https://alpari.com/en/markets/crypto/bitcoin/
     
  2. gowiththeflow

    gowiththeflow Senior Investor

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    Bitcoin will come again, of that I am fairly certain. If anything, a lot of the froth of recent times have been blown off the exchange rate and now may be the time to quietly start accumulating Bitcoins for the future. We have seen many crypto currencies come and go of late but Bitcoin is always the first one mentioned.
     
  3. longtermbull

    longtermbull Administrator Staff Member

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    Now is the time to start slowly picking up Bitcoins in my view:

    https://www.coindesk.com/price/

    As much as governments around the world would love to stamp them out this is not going to happen. They will also be near impossible to regulate to the same degree as traditional currencies.
     
  4. Khelo MCX

    Khelo MCX Member

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    The current market cap of all crypto currencies today stands at around $425 billion, having been as high as $800bn at the peak of the market. Bitcoin is by far the largest; it’s valued at $157bn, compared with the second largest, Ethereum, at $68bn.
     
  5. DanielH

    DanielH Active Member

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    The price Bitcoin growing this month maybe can to take $13,000 USD
     
  6. longtermbull

    longtermbull Administrator Staff Member

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    I am just reading the Bitcoins are rising again - the second coming?
     
  7. manoharb

    manoharb Senior Investor

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    My Opinion was same before as today. Bitcoin have no future. Weakness in USD always attracts Bitcoin traders. As much as I understand Global Politics, I am watching EURO will gain importance in upcoming time. Many countries will prefer to trade in EURO to avoid American Sanctions so, In future, Bitcoin will fall again and again, after that, If any crisis EURO started facing. Again Rise in Bitcoin, Once another solution found by Global Politicians, again fall. Cycle will repeat again and again so, Bitcoin have no future. Gold long term Technicals are showing Gold is ready to hit 1600-1900 USD once again.

    Bitcoin have no Future.
     
  8. junior miner canada

    junior miner canada New Member

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    they also have heavy environmental consequences!


    a quick research on google will tell you more ( I can't list any, it is considered spam)
     
  9. Angelo

    Angelo Member

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    As far as Dark web exists, and as far as everyone can buy a stock (cause btc now is like stocks) no matter the age, i think that this think will keep rising. The only fact that could stop it is a massive denial of it by the governments.
     
  10. Svonhanto

    Svonhanto New Member

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