I've been studying bitcoin for years now, and have fully confirmed my fear from a few years ago -- that ultimately bitcoin is doomed to failure. All the data I've seen confirms this and anyone can check it with analysis of their own by technical analysis data, as I have confirmed. Just check the Chinese and Russian sources, as have been confirmed by my TA analysis and multiple linear regression study.
The best course of action at this moment is to sell if you have bitcoin and not buy bitcoin if you don't have bitcoin. That course of action is confirmed by the available data and will prevent losses. I'm simply offering this advice to help people not lose money on a dying technology. Feel free to review the data yourself. It's very clear. These news, data, and charts should be concerning and demonstrate with confirmed facts that bitcoin is nearing the end of its life. Maybe something better will come along, I don't know. But unfortunately, bitcoin has failed and is collapsing. See below:
http://i.imgur.com/cQ8G7MN.jpg
http://i.imgur.com/ZRJofhv.png
http://i.imgur.com/NveJpUE.jpg
http://i.imgur.com/VjgnSlu.jpg
http://i.imgur.com/HsUhGNe.jpg
http://www.boc.cn/ebanking/online/201405/t20140504_3276761.html
https://www.cbr.ru/ckki/
The best course of action at this moment is to sell if you have bitcoin and not buy bitcoin if you don't have bitcoin. That course of action is confirmed by the available data and will prevent losses. I'm simply offering this advice to help people not lose money on a dying technology. Feel free to review the data yourself. It's very clear. These news, data, and charts should be concerning and demonstrate with confirmed facts that bitcoin is nearing the end of its life. Maybe something better will come along, I don't know. But unfortunately, bitcoin has failed and is collapsing. See below:
http://i.imgur.com/cQ8G7MN.jpg
http://i.imgur.com/ZRJofhv.png
http://i.imgur.com/NveJpUE.jpg
http://i.imgur.com/VjgnSlu.jpg
http://i.imgur.com/HsUhGNe.jpg
http://www.boc.cn/ebanking/online/201405/t20140504_3276761.html
https://www.cbr.ru/ckki/
I, for one, hail our eternal omniscient contrarian indicator, who has risen from forgotenness, to show us, what is NOT going to happen and what is NOT the way for the value of bitcoin to follow.
Thank you, Proudhon almighty, to guide us and show us, what will not happen to the bitcoin price. Thank you, for showing us, that the state of BTC is exactly the opposite of death. Thank you for showing us, what to not expect.
And therefore also what to actually expect.
