Bitcoin Needs To Break $15000 To Start a New Bullish Ride
Bitcoin still in an upwards trend in the mid and long terms.
The Bitcoin Prise is still in the corrective move, it started in mid December. BTC has corrected from over-bought area and now has room for new increases in the short term.
Short-term indicators, which are still very extreme, support such a possible bullish action for the primary crypto currency.
BTC / USD is trading within a bearish channel, with a ceiling of around $ 15800 levels. A breakout above this level would allow the price wings to fly up to new heights.
all cryptocurrencies depend on bitcoin in fact
Right now yes
Well I guess it was a certainty to happen, I mean that Spike in December was irregular and however the balance has been restored.
Well we hope we don't get this type of spikes it makes cryto gives people heart attack
They would certainly need 'some-nice-neat-nap' if goes down the drain. And I will probably sweet bullets if it goes down without even fighting it way up... But still, nice bitcoin you just need to go up like as usual.
The correction in bitcoin price is scary. I hope it skyrocket fast
Dont be worried. BTC has gone through many corrections in the past and been fine. The investors have a lot of faith in it, and this is what drives the price up. Dont worry my friend, it will be alright in a month or so :)
the next correction will bring BTC & co. to Zero.
I strongly doubt it. Bitcoin value is subjective, its value is determined by the value people see in it.
that's true.but:
And that is exactly the problem. Bitcoins & co. based on the law of the dumber. There is nothing behind it, no value except the projection of millions of greedy subjects who have no idea of the history of economics and finance. With us one says to such "absurdities": the last bit the dogs ...
The technology behind it is of course useful, but already 25 years old. The crypto currencies in this form have no future. Do you know what happened in 1637? Do you think humans are smarter today? They are not.
Yes, I know what happened in 1637 with the tulip craze. But I think the crypto will last a lot longer because of its usefulness. Bitcoin can be used at multiple online vendors, and can be sold for cash quite easily. I suppose once people lose faith in the system it will crash, but the same can be said for fiat currencies or stocks.
"but the same can be said for fiat currencies or stocks"
Behind a share stands a company and behind it employees, infrastructure, financial resources ect-> substance. You can not compare companies like Siemens, J & J, Exxon, Nestlé, Wal Mart, Pfizer, Visa ect with Crypto currencies. Siemens gabs with the German D-Mark and they are today with the euro. And should there be no more EUR ... Siemens remains. And that applies to X other companies. But not for bitcoins. Bitcoins have come and they will disappear again. There are X companies that exist over 100-150 years . There have been over 3,600 currency reforms in world history.
And please remember this quote:
"Give me control of a nation's money and it interests me
not me who makes his laws. "
The Bitcoin disciples will wake up early enough from your Utapia.
P.S.: And behind Fiat-Money ist the the money nobility, the central banks...they will not giv the power out of the hand
Ok, thats a good point. I guess we should just keep a close eye on bitcoin so we can get out before any crash.
Now that I look at it again it doesnt look good. There is something different about this crash...
BTC is 8k rn
I can't wait more for that
I am starting to lose Faith in bitcoin. So many other crypto's are doing a much better job. But only time will tell
I doubt it. It was always like this when it was still in it infancy stage till now.
It is high time to invest in bitcoin
This post has received gratitude of 7.91 % from @appreciator thanks to: @tradewonk.
I think Bitcoin it will rebound and start going up again