Buy Bitcoin Now- Chart Analysis
 

https://imgur.com/a/eHUKuNh

Keeping it simple,as you can see in the analysis from the upper imgur link image , Bitcoin is now in the BUYING AREA .
:warning
+It went down because of no realistical reason,based on a FUD from misunderstanding regarding the 'double-spend' event.

It should go up a minimum of +33%. Thank me later.

Buy and HODL!

Yes that's correct.

Based on the analysis,the downside is very limited while the upside has a lot of room

I just bought

should i buy some btc?

I just bought some BEER . . .

:thumbsup

Been buying BTC, ETH, ADA and LINK daily for the last few weeks. Prior, it was mostly BTC.

I bought the exact same coins,+XTZ,see here : https://gfy.com/fucking-around-and-b...tors-post.html

34k now, it's much slower these days. 2 days ago it reached 38k but I suppose it was related to reddit..
It might reach something like 60-80k before year-end,I suppose a number closer to 60k than 80k

let´s say 100k

Extremely unlikely,it's much easier to have higher growth rate at lower values(thus lower total MARKET CAPITALISATION)
To reach 100k it'll mean a 1.9TRILLION market capitalisation,which is huge ,more exactly,it's above the market cap of AMZN or MSFT ..and just a little bit below AAPL . Almost the size of Italy's GDP..

To be more precise,it'd mean that another 1.3Trillion $s should be invested in it..and such sums are extremely hard to cumulate in 1 year.. especially considering that till now,only 630 BILLIONS (which is half of 1.3T) were invested in these years..

40k now . Looking forward to seeing it retest the previous high ( Ethereum already beat the high it had in that period )

Just because I'm bored on a Saturday afternoon, I thought I'd add some insight. But first, anyone know of news that is driving this latest surge in BTC? All I could find was that LL Cool J was starting a crypto fund. I mean, he is the executioner, but not sure that's enough to have ignited this rocket :1orglaugh

Anyway, about market cap and the tricks of the Street (Wall street that is)...

Imagine you need to make a billion dollars fast - like right away. How could you do it?

Probably the easiest answer is by co-creating a company that has a 2 billion dollar market capitalization with a close friend.

But wait, you say, I have no close friends that have billions of dollars! No problem, it's all about the books.

So you form this company and you give yourself and your friend each 100 shares. Since the company is currently worth zero, let's say you drop $100 bucks in a seed funding.

Next, you sell your friend one of your shares for $100. Now the company is a shell that has a total asset value of $100; however, it has issued 200 shares, and the share price is listed as $100 because of the one and only sale. What's the company worth? On the books, it has a market cap of $20,000! That's 200 shares at a value of $100 each.

Now let's do this again, except you don't issue only 100 shares each, but you issued 100,000,000 shares to each of you. Again you sell your friend 1 share for $100, and presto, the market cap of the company is suddenly $2,000,000,000!! Congrats, on paper, you are now a billionaire!

The point is that Bitcoin could gain a market cap in the trillions with nothing more than a few billion dollars actually being invested from here. It works because only a small fraction of the coins outstanding actually trade on any given day, and the value of the market cap is determined by multiplying the total number of Bitcoins in existence by the most recent price at which any fraction of a Bitcoin changed hands.

It also vividly demonstrates how paper valuations can entirely detach from reality, and that you don't actually have the wealth you see on paper unless and until you are able to extract if from the market.

I hope you enjoyed this little primer!

What you say is correct.
But it's important to mentionat that at least this time(not like in 2017) the liquidity is good ... the volume/price is nearly 20x bigger than at that time..

Bought some more today :drinkup ! !

When moon?

Probably Michael Saylors conference, interviews with corporations are hitting the tubes.

Could be because US is passing a $1.9 TRILLION stimulus.

or possibly because people realizing their cash is losing value every second they hold it.

Might be because people holding old school gold decided they want a better store of value with properties superior than old school gold

... list goes on....


What you're talking about is a non auditable and infinite supply of shares, zero liquid. That is probably some sort of fraud with a dabble of wash trading.

You talking about Enron?

While his example wasn't really the best pick,the idea(not the illegal part) was correct regarding different projects, more exactly those with market cap of hundreds of millions of $s but with extremelly low liquidity,which confirms that the respective 'market cap' for those ones is only on paper.
I also explained him that this problem is not one seen in bitcoin,as volumes/price are 20x bigger than in late 2017/early 2018

lol lol...
looking at the chart, its obvious - double/ triple top.

33k again in few weeks.

where are you leveraged short 100x? bitmex or bybit?

It’s too late to buy Bitcoins now. You are gambling 🎰 now.

bet you said that before at lower prices

good luck!

I don't use leverage.
My main rule is: protect the capital, avoid losses.
:winkwink::winkwink::winkwink:

Fair enough. So you're waiting to buy in around low $30k zone?

if only indicators will show that its oversold, then why not :)

https://www.blockchaincenter.net/bitcoin-rainbow-chart/




https://cdn.imageupload.workers.dev/...40.15%20PM.png

Me too, cheers ...

http://www.trbimg.com/img-5ad9f3f5/t...cohol-20180420

Today my question got answered. The "news" was that Elon Musk was in the process of buying $1.5 billion in Bitcoin for Tesla. That news was made public today. Now the run up makes sense.

And now that he has made it ok for large corporations to store some of their cash reserves in Bitcoin, I expect many others quickly to follow suit. This is likely the driver to bring BTC to the $100k mark this year.

I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.

Cryptocurrencies can facilitate unlawful behavior, including drug trade and other illegal activity.

Big list: https://fiatmarketcap.com/

Probably why it's taking off :thumbsup

Well the "unlimited" might be an issue.

usd$$$$$

Unfortunately, you are right) But there are a lot of people on earth. When everyone understands this, more than one generation may change.

:1orglaugh:1orglaugh:1orglaugh:1orglaugh

Comedy is strong :1orglaugh

let this be a reminder to everyone... that (refer to CAHEK comments), THAT is how early we are :thumbsup