Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
We are repeating the same patterns from 2013/2014/2015.
Bitcoin will drop back down to 2-3k and consolidate there for a while before resuming the next major bull run, probably fluctuating between 3 and 5 grand for a while.
Eth will return to $200ish, Bitcoin Cash will drop to 300-400
This is my prediction and I don't give a damn if you think I'm a nutcase.
I can only go off what I see happening now and so far the pattern is almost the same.
Bitcoin will drop back down to 2-3k and consolidate there for a while before resuming the next major bull run, probably fluctuating between 3 and 5 grand for a while.
Eth will return to $200ish, Bitcoin Cash will drop to 300-400
This is my prediction and I don't give a damn if you think I'm a nutcase.
I can only go off what I see happening now and so far the pattern is almost the same.
Would you care to make a side bet on that?
I like how people claim bitcoin can't go below cost of production...except for the fact that one of the largest miners on earth (KNC) went bankrupt from exactly that happening already. In case you haven't figured it out, it's not actually possible for the money changers to destroy gold and silver by naked shorting it; they can only short it down to cost of production and that's it. However, it's extremely easy for the money changers to destroy bitcoin if they want by shorting it below cost of production:
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I do have to somewhat agree on this point, The Ol USD can be printed in sufficient quantities to destroy this cap. But no it would not by any means be easy, I'm sure the Ol "National Security" flag would have to be draped over it. IT would just become another part of the war on terrorist (translated: War on whatever we don't like or whatever doesn't do what we tell it to do).
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Just because it costs the miners $X today doesnt mean shit. Trump could make a comment in passing about enacting laws banning crytocurrency and the price would be $2-3K by tomorrow morning.
Just because it costs the miners $X today doesnt mean shit. Trump could make a comment in passing about enacting laws banning crytocurrency and the price would be $2-3K by tomorrow morning.
With all due respect, I think you are mistaken (or a newbie, full of shit, see above). Neither Trump nor the USA control BTC.
As in the above post The USA can destroy the CC economy even if not the infrastructure itself.
ROTFLMFAO! I needed that laugh after wading through pages of this. Thats it for now I can't do it.