BTC Price Moving up ?

in #bitcoin6 years ago

FUD Of The Week.png

Another healthy day for the market. We experienced some new lows which could have been a great opportunity for day traders to make a quick buck from the dump/pump. Under 6000 has been a strong support, but it can only hold for so long, so watch out!

The 5000's will be a regular sight soon whether we like it or not. The bottom is still estimated around $4k-$3k, but it will be a slow sell off folks! don't be surprised by more months of the bear market!

We are in risky times, but can't wait to get reinvested! The BTC market will soon be pure again without all the speculative investors and hype riders. Then we can make real progress!

From an original idealistic consensus that cryptocurrencies are the panacea for a world economy and the saviour of the young, we now have those same young anarchic idealists, in reaction to low volumes and very little mass interest, crying out for institutional investment. Here you all are with posts about government acceptance, taxation and corporate involvement.

The present market position gives a clear picture of why unilateral pumps (400 usd in the this case) prevent the buying of Bitcoin by ordinary investors, or indeed by other whale class hikers..We know that this 400 will have to come out at some point, so, very often, the ordinary investor does nothing.

I was looking at Docademic after McAffee tweet and surprise to see its jump from 0.01 to $0.31 within a month. I think I miss this boat, Anyone like to recommend new coin where we have expect such kind of growth potential? How do people know about these coin well in advance ?

If you're in doubt whether cc trading will fade and die (may feel so the last weeks), I can assure you the opposite. As most of you know, Nasdaq and other major SEs are preparing to provide cc trading to the broad "public". Examples are already there, in the somewhat progressive Sweden, the Nasdaq-Stockholm SE have been listing and trading BTC- and ETH-tracking certificates (XBT provider) for a couple of years now without restrictions. Guess we will see institutional funds, ETFs etc, all joining in as the price is considered leveled out and acceptance (despite some stubborn resistance) is growing.

Shan B. Pingco

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