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RE: 70/280 DMA Death Cross today. The Bitcoin crash pattern continues to unfold. Buckle your sphincters...

in #bitcoin6 years ago

That's the thing "it could" We could use that for numerous amount of scenarios. Bitcoin could go to $100,000. Bitcoin could go to 1 million. Even with the volume indicators, which doesn't hurt to display...But if news comes out that Bitcoin is going to plummet because a Billionaire said something bad about the coin, it wouldn't impact it.

As far the trading desk, it could be held as a security such as Gold, stocks, etc... not just as store value. Billionaires most likely wouldn't mind dumping in millions or 100s of millions of dollars in Bitcoin knowing that there rent will still be covered, and all their expenses are paid forever covered.

As far as the coins adopted, I agree not all coins will survive, but there will be coins that will survive in certain industries, which is what's fascinating about crypto. The blockchain technology could be used in many different industries. The total market cap of Gold is at roughly 7.8 trillion which is an insurmountable amount, but if Cryptocurrency reached a market cap of $700 billion in a month, who's to say that crypto can't reach the market cap of trillions anytime soon, especially knowing that most of the population isn't informed about it.

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