Bitcoin — has “died” over 200 times
Sometimes it’s good to study history as they say “history repeats itself or at least it rhymes”.
Let us look below at the Bitcoin 2017 chart below.....with the chart ending on November 1st 2017. The price for BTC was $7000. And now it is ‘double the price” 8 weeks later — certianly sounds dead to me.
And now a comment on how 2017 finished....
Put on your 2018 tinfoil hats and guess the stock market , bond market and US Dollar.
Do you think the stock market has another melt up year? IF the US Dollar goes to xxxx , you could see a melt-up — but that is because the US Dollar is in pure hyperinflation — which means cryptos are safe heaven and precious metals finally break free
Do you think Goldman Sach and Wall Street want to invest in a $.50 crypto ???? That would be a “no”. This is why they choose BTC for ETF’s , CME Futures Market etc..... will they manipulate it ? Of course. But why manipulate to $0 ....and your game is over. That would just mean people would flood to Litecoin or another crypto.
Bitcoin is not the fastest, not the cheapest and it is $15,000 today. Wall Street would be doing cart wheels to ride this coin up 50% to 200% in 2018 while the stock market and bonds are not in favor.
Only time will tell ... :-)
As always...this is not investment advice...do your own research and have a safe and healthy new year.... :-)
I fear that now they have bitcoin futures they will manipulate it like gold and silver
I think they can make more money buying it low like they did and running it up ...rinse and repeat.
The only man that died more times than BTC was the Under taker in WWE!
Now we're talking
I completely agree! I find it amazing the amount of negativity I see on the news every time bitcoin has a downward swing. One week the headline reads "Bitcoin is skyrocketing reaching an incredible all time high! Is there no ceiling?"
Then a couple of days later, almost hilariously "Bitcoin crashes in mass selloff!!! Is the craze over? This may mark the end for Cryptocurrency!"
Quite dramatic indeed!
I like it this way....Bitcoin "bubble" ....really Ripple was up 36,000 % for 2017...where is bubble talk? We don't need BTC grabbing the headlines. I'm cool with it going up 50-200%. I know they are working on all the needs to make it faster. Let's see another coin on it's 9th birthday --- ok props to Litecoin :-)
Bitcoin got 900 lives¿
700 more to go :-)