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Showing 20 of 117 results by duchiep37
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Board Altcoin Discussion
Re: Istanbul Ethereum Hardfork Soon. How does Forks Improves Coins Value
by
duchiep37
on 12/11/2019, 05:39:27 UTC
i don't think so, hardfork simple is tool of whale control coin market price. ethereum very well for invest but it can't improve value with hardfork.
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Topic
Board Economics
Re: Can Blockchain Replace Banks?
by
duchiep37
on 08/11/2019, 10:34:32 UTC
I think blockchain can replace Banks can, but not "decentralized", It is not the idea of ​​bitcoin and satoshi
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Topic
Board Currency exchange
Re: 🌟 ★★★ BUY HERE 🔥 BITCOIN 🔥 WITH Your PAYPAL, ZELLE, BANK Payment ★★★ 🌟
by
duchiep37
on 08/11/2019, 10:28:49 UTC
maybe, it will be a good choose but now i using coinswitch and binance exchange.
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Topic
Board Altcoin Discussion
Re: How many crypto exchanges are really required?
by
duchiep37
on 26/09/2019, 04:50:51 UTC
not much, only some crypto exchange is good, like binance, huobi, bittrex
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Topic
Board Altcoin Discussion
Re: Stay Calm, IEOs aren't a threat
by
duchiep37
on 26/09/2019, 04:48:51 UTC
no problem with IEO right now, but i am not sure in future. Have many IEO is not good for quality and price.
Post
Topic
Board Altcoin Discussion
Re: My eth is hacked ........
by
duchiep37
on 26/09/2019, 04:44:56 UTC
should using some good crypto wallet, like ledger nano s or ledger nano x
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Topic
Board Trading Discussion
Re: Suggest me a good coin to invest in.
by
duchiep37
on 24/09/2019, 10:24:48 UTC
don't invest all money for one or two cryptocurrency, It is risky. Just hold some coin in top 5 coinmarketcap, it like ethereum, binance, cardano ...
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Topic
Board Trading Discussion
Re: Savings Vs Investment?
by
duchiep37
on 24/09/2019, 05:35:45 UTC
you can't rich if don't invest, just hold some crypto in top 5 then wait your profit. goodluck
Post
Topic
Board Altcoin Discussion
Re: What do u think about BNB? Worth to buy?
by
duchiep37
on 24/09/2019, 05:31:55 UTC
i am not sure about BNB, just exchange coin and it's price so high. but it will is the best choice if you trust binance exchange. They are good team of cryptocurrency on the world.
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Board Marketplace
Topic OP
Ethereum, Dogecoin Signal First Bullish Trend Reversal in 2 Years
by
duchiep37
on 22/09/2019, 00:42:06 UTC
When the Binance ban for users in the United States was first announced a few months ago, the market feared that significant volume and money would exit.

Interestingly enough, as the launch of Binance America nears, altcoins are suddenly starting to move upwards with decent volume. Sell the rumor, buy the news.
It’s not only Ether (ETH) making significant gains upwards after bouncing from $170 either.

Other altcoins are also currently outperforming Bitcoin (BTC). Stellar Lumens (XLM) is up 42% from its recent bottom, while Ripple (XRP) showed some promising signs with a 29% daily move as well in the past week.

So is this the moment when altcoins start a new “altseason” bull cycle? Let’s look at the charts.

Total market capitalization
The total market capitalization is showing an essential bounce at the previous resistance area of $65-68 billion.

Total crypto market cap excluding Bitcoin. Source: Tradingview
Comparing this to the famous “Wall Street cheat sheet,” and it starts to look like a standard bear trap.

The altcoin market needed this bounce from the old resistance for potential further upwards movements and the continuation towards the “disbelief” phase.

Not only can it be concluded that this support/resistance flip was essential, but it is also the first notable trend shift for the first time in 2 years. This can be defined through higher lows and higher highs, starting from the bottom in December 2018.

The next goal for altcoins is to break the resistance area at around $125 billion to maintain upwards momentum.

Ether the indicator?
Interestingly enough, the chart for Ethereum’s native token Ether is identical to the altcoin market capitalization chart as it mirrored the same bounce.

ETH/USD chart. Source: Tradingview
A break below $150-170 would turn the market into more bearish territory. However, the latest bounce reintroduces some bullish sentiment as the $150-170 area has flipped into support.

Additionally, Ether is also starting to establish higher lows and higher highs as well. If it breaks the next bullish target in the $360 zone, the charts suggest the price could even reach as high as $800-850.

Dogecoin as an altcoin bellwether
Another major market indicator for altcoins is Dogecoin. This coin has flashes “altseason” signals in the past and could provide another setup right now.

DOGE/BTC chart. Source: Tradingview
Previously, Dogecoin has always shown bullish divergences to signal the trend reversal. Similar signs were given at the beginning of 2016 and 2017, after which DOGE started its 500% rise.

If we compare that to the movements right now, a similar pattern is emerging as Dogecoin is posting these bullish divergences again.

So what’s now required for continuation of the rally in altcoins and especially Ether? Let’s discuss the scenarios.

Bullish scenario
In a bullish scenario, Ether holds the $200 area as support. This is a crucial and a strong area for support as it has been tested several times in July and August.

ETH/USD bullish scenario. Source: Tradingview
Bearish scenario
In a bearish scenario, Ether can’t keep up the pace and is unable to break upwards above $230. If Ether doesn’t have the strength to do that, the first level to test is the $200 support area.

Losing the $200 support area would cause another drop down towards the more important $150-160 support area.

In my opinion, the bearish scenario is less likely to occur given that the volume on the push upwards is strong and the ETH/BTC pair is seeing the most gains.
ETH/USD bearish scenario. Source: Tradingview

ETH/USD bearish scenario. Source: Tradingview

This is essentially a big difference with the movements so far this year when Ether rallied from $85 to $360 as the BTC/USD pair spearheaded the rally.

Overall, altcoins are starting to look better and could be gearing up for a new bull cycle, especially with major altcoins gaining momentum. After a surge in the top altcoins, the mid and small caps will likely follow as the money shifts from the large caps to the smaller ones.

At the same time, Bitcoin must hold the 21-Week EMA as support. Losing that level would be bad news for altcoins as a bearish scenario would then become likely.

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Board Marketplace
Topic OP
4 Key Similarities to Previous Bull Market Corrections
by
duchiep37
on 01/09/2019, 04:44:19 UTC
While Bakkt clients will be able to deposit their funds into the Bakkt Warehouse next week on Sept. 6, Bitcoin price is trending downwards after falling below $10,000 in the run-up to the event.

So is this already priced in or the market cycles are just repeating themselves? Let’s take a look at some key similarities to previous bull market cycles.

Similarities I & II: 100-week MA & 21-week EMA providing support

A common discussion lately on Crypto Twitter suggests that there’s a confluence between the so-called Bitcoin (BTC) price “bubble” top of 2017 and the last top at the end of July at $13,935. In a sense, parabolic movements tend to repeat the same stages over and over again. However, there are some substantial differences between them.

The top of 2017 came at the end of a market cycle, which essentially started with the confirmation of the 100-week Moving Average (MA) and 21-week Exponential Moving Average (EMA) during January 2016.

However, the top of July 2019 was essentially the first peak above the 100-week MA and did not face the euphoria comparable to the period in December 2017. So, are they comparable?

Basically, during the whole bull market of 2016–2017 there were several parabolic movements ending in a retracement.

The start of this was the period during Q4 2015 and the beginning of January 2016 through which Bitcoin price ended the bear market with a parabolic move and found support at the 100-week MA and 21-week EMA.

After this confirmation the market has seen several corrections of 30-40%, which are quite healthy for an upwards trending market.

With that in mind, it makes more sense to compare the previous parabolic movement towards the first parabolic movement coming out of the bear market in 2015, as that was the kickstart of a new cycle.

Relying on the chart, this could mean that Bitcoin price could face another test of the 100-week MA or the 21-week EMA to confirm the bullish perspective and face a period of accumulation prior to the halving event.

The past halving events on Litecoin and Bitcoin saw upwards price movements a few months prior to the actual event. If history repeats itself, we could see some upwards movements in Q1 of 2020.

Similarity III: 200-day Moving Average support

Another indicator of a bullish market is the support of the 200-day MA. During the previous cycle, Bitcoin always found support on the 200-day MA and, during the later phases, also on the 100 MA, which is currently moving around $7,500.

Meanwhile, the latest BTC price drop below $10K means it just lost the 100 MA, which is comparable to the start of the last cycle in January 2016.

Similarity IV: Altcoins getting crushed

The last few months haven’t been good to altcoins. While Bitcoin price is moving upwards and continues to range, altcoin investors are punished more and more by the market.

This leads to the fear of buying altcoins and we are getting stuck in a vicious cycle. However, we have been here before.

Back in 2015 — while Bitcoin was moving from $196 to $505 — altcoins didn’t follow suit. Instead, they began to move when Bitcoin price bottomed out of its first parabolic run on January 15, 2016 (the touch of the 100-week MA and 21-week MA confirming the bottom).

If we take a look at an altcoin market cap dominance chart, it’s easy to see that it has retraced down to the lowest level in two years, while the RSI is showing a level of 22. This means that altcoins were being sold heavily during the past period.

Notably, a potential support level and a trendline are coming into play. Comparable to the beginning of 2016, in which the dominance of altcoins fell from 16% to 8% — this occurred prior to big upwards movements. For example, Ether (ETH) went up by 1700% in the months after, Vertcoin went up by 800%, etc.

Comparing these two analyses with the technical point of view of the market, it is to be expected that Bitcoin needs a natural period of accumulation, through which altcoins will eventually catch up and move alongside with BTC/USD.

To date, altcoins have been following Bitcoin (e.g. Bitcoin price all-time high in December 2017, altcoin all-time high in January/February 2018).

In other words, this leads me to believe that altcoins will start to move as soon as Bitcoin is ranging/bottomed out from this parabolic move.

Total market cap excluding BTC

The total market capitalization (excluding Bitcoin) has shown a move upwards to the $125 billion area of resistance, which acted as a support during 2018 and retraced down since then.

According to the chart, it’s currently testing an important level. If the market is able to find support here (at $62–66 billion), the old resistance of November/December 2018 will act as a support.

This will lead towards a new higher low, and potentially the disbelief phase and a new cycle. The current market capitalization of altcoins is $66 billion, which is equal to the market capitalization of altcoins in March 2019 when the price of Bitcoin was $4,000. Simply put, this is the ultimate carnage for altcoin holders.

What scenarios are there?

In a bullish scenario, the price has to break the $9,800 level (old support before the dropdown) and reclaim that as support. If Bitcoin is able to do so, then we’re aiming at $10,800 again (trendline and horizontal resistance zone).

Bearish scenario

If Bitcoin won’t be able to break the $9,800 level again and turns it into resistance (or the $9,650 zone), the lower support levels at $8,900 and the possible area around $8,500 are likely to be tested, given the prior analysis of the 100-week MA ranging around $8,500 and the CME futures gap at $8,500.

(from: https://cointelegraph.com/news/bitcoin-price-4-key-similarities-to-previous-bull-market-corrections )
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Topic
Board Speculation (Altcoins)
Topic OP
China’s Digital Fiat is Not a Crypto ??
by
duchiep37
on 18/08/2019, 02:01:47 UTC
China may be about to launch a fiat digital currency, but in all likelihood, it will only resemble a cryptocurrency on the surface.

And it probably won’t use a blockchain. While inspired to some degree by bitcoin and the like, the effort is explicitly framed as a strategy to beat them back.

The project was thrust into the spotlight last weekend when a senior official from the People’s Bank of China (PBoC) said at a closed-door conference that the country’s central bank digital currency (CBDC) is ready to launch.

The CBDC aims to replace M0, meaning cash in circulation, via a two-tier system: the central bank issues the digital yuan only to commercial banks, who will further issue it to the public, Mu said. This approach is perhaps unsurprising since Yao Qian, the former chief of the research lab, hinted at this design in an op-ed published in CoinDesk in 2017.

However, one comment from Mu that got overlooked by many is that he believes “the two-tier issuance system will be helpful to restrain the public’s demands for crypto assets and strengthen the country’s sovereign currency.”

Mu did not elaborate on how everyday users would interact with this proposed mechanism or to what extent the CBDC really employs distributed ledger technology. And it remains unclear when the central bank plans to test and roll it out or, upon its launch, whether it will be optional or mandatory for Chinese consumers.

But dozens of patent applications submitted by the research lab to China’s State Intellectual Property Office reviewed by CoinDesk offer a window into the PBoC’s thinking on how the system may function and its similarities and (more importantly) differences with crypto.

Crypto-inspired
The PBoC’s Digital Currency Research Lab was formally launched in the summer of 2017 and spearheaded by Yao Qian, although Mu indicated the work has been ongoing for five years. Yao left the position for a different agency around October 2018.

To date, the lab has filed more than 50 patent applications, all either invented or co-invented by Yao, and about 20 of those focus on design specifications of a so-called digital currency wallet.

Each document covers a specific technology feature of the proposed system, ranging from how to apply for and create a wallet, how to transfer money to and from saving accounts, how a peer-to-peer transaction is verified, etc.

The goal is to build a wallet to store digitized yuan that is unlike the electronic wallets of any bank or third-party payments application. Those wallets, one patent document says, are “merely an extension of assets held in custody at a bank account.” As such, the approach borrows the idea from bitcoin of a peer-to-peer transaction system where users possess private keys to control the asset.

One patent application, entitled “a method and system for enquiring digital currency transaction information” filed on Dec. 28, 2017, describes a digital currency wallet that aims to bridge the gap between existing electronic wallets and “private quasi-digital currency wallets, like that of bitcoin.”

The former is not an independent wallet, which may incur security issues, and the latter, while allowing users to personally possess their assets, does so in an anonymous way with transactions of that can’t be reversed, the document further states.

KYC-ed digital yuan
And one crucial way to optimize such circulation appears to be stripping the anonymity feature of cryptocurrencies and including a know-your-customer (KYC) process required by other payment methods.

So far, physical cash is arguably the only form of fiat money inside China that can remain anonymous, compared to bank wire or third-party methods offered by companies like Alibaba or WeChat – both requiring real-name verification authenticated by users’ IDs and banking information.

“Existing M0 (banknotes and coins) are subject to counterfeit and money laundering risks. … The [CBDC] system should follow the existing rules about anti-money laundering and anti-terrorism financing imposed on cash, and should report to the PBoC on large amounts and suspicious transactions,” Mu emphasized during his speech.

His note echoes the design specifications entailed by various patent applications for the proposed peer-to-peer digital currency wallets.

For example, the patent application on how to apply and create digital wallets filed on Dec. 28, 2017 stated that the system lets users apply through their banks and the creation of such digital currency wallets will be registered at the issuance organization.

Another document detailing how to redeem the CBDC from saving accounts filed on June 26, 2017 explained that after a user sends a request to withdraw money from their saving accounts – similar to withdrawing from an ATM, except now it’s not cash but in a p2p wallet – the corresponding issuers will need to verify a user’s ID before granting the redemption.

And after that, when a user initiates a payment transaction from the independent digital wallet, a third party will verify who is sending how much to whom.

In addition, another document specifies a system that aims to customize a tracking solution to make the CBDC traceable even across multiple owners and layers.

All of this, of course, is a far cry from bitcoin, where there is no central authority, anyone can download software and create a wallet without presenting ID, and payments can be made without any middleman’s permission.

Decentralized no more?
Another open question is to what degree the PBoC’s digital currency system may include the features of blockchain, if at all.

One of the earliest patent documents filed more than two years ago detailed that the central bank did at one point explore the idea of using a distributed network to manage nodes for verifying transactions.

“This technology would empower smart contracts on a blockchain infrastructure to dynamically manage nodes in the network to ensure they share and transact the same data with security and scalability,” the doc stated.

(From: https://www.coindesk.com/is-chinas-digital-fiat-a-cryptocurrency-heres-what-we-know )
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Board Marketplace
Topic OP
Price Analysis 12/08: BTC, ETH, XRP, BCH, LTC, BNB
by
duchiep37
on 13/08/2019, 10:17:14 UTC
BTC/USD
Bitcoin (BTC) has been holding above the downtrend line and both moving averages for the past two days, but it has failed to rebound sharply. The trend remains positive as both moving averages are sloping up and the RSI is above 50. However, failure of the price to pick up momentum after breaking out of the downtrend line warrants caution.

Both moving averages and the downtrend line are located at the same place, which makes it a strong support. If the BTC/USD pair rebounds sharply and rises above $12,304.37, it can move up to $13,156.96 and above it to $13,973.50. Hence, traders can continue to hold the long position with stops at the breakeven. However, if the price plummets below both moving averages, it is likely to attract further selling and a drop to $9,080 is probable.

ETH/USD
Ether (ETH) declined below the uptrend line on Aug. 9, but the bears could not break below the psychological support of $200. The bulls are now attempting to propel the price back above the uptrend line. If successful, the digital currency will again try to break out of $235.70. A move above this level is likely to resume the uptrend. We might suggest a long position on a close Coordinated Universal Time (UTC) above $235.70.

On the other hand, if the price fails to sustain above the uptrend line, bears will again attempt to break below the next support of $192.945. If this level breaks down, the ETH/USD pair will turn negative and can plunge to $164 and below it to $150. The gradually downsloping moving averages and RSI below 50 show that bears hold the advantage in the short term.

XRP/USD
The bulls defended the critical support of $0.27795 on Aug. 10, which is a positive sign. However, the rebound has not been able to cross above the 20-day EMA, which shows a lack of buying at higher levels. If XRP again corrects to $0.27795, the probability of a breakdown increases.
The XRP/USD pair will become very negative if it breaks down of $0.27795, because it will trigger many stop losses and buying will dry up. The next target to watch on the downside is $0.19.
Conversely, if the price holds $0.27795 and rises above the 20-day EMA, it might consolidate between $0.27795 and $0.34229 for a few days. On a breakout of this range, we anticipate a move to $0.45. We suggest traders wait for the price to sustain above the 20-day EMA before turning positive. Until then, it is best to remain on the sidelines.

BCH/USD
Bitcoin Cash (BCH) bounced from $300.11 on Aug. 10, hence our recommended stop loss of $300 on the long position did not trigger. This is only a matter of chance as sometimes the stops hit and sometimes they miss by a whisker.

The bounce from $300.11 is facing resistance at the overhead resistance at $345.80. The 50-day SMA is just above this level. Hence, we expect bears to mount a stiff resistance in this zone.

If the BCH/USD pair turns down from the current levels and slides below $300, it can correct to the support line of the ascending channel. Below this support, we expect bears to attempt a breakdown of the neckline of the head and shoulders pattern. If successful, the pair can plummet to $166.98.

However, if bulls break out of $357.36, which is the intraday high of Aug. 5, a rally to $428.54 and above it to $500 is probable.

LTC/USD
The bulls are defending the support at $83.65 while bears are defending the 20-day EMA. Litecoin (LTC) is unlikely to remain in this tight range for long. We anticipate a breakout of the 20-day EMA or a breakdown of $83.65 within the next few days. If the price breaks down, it can correct to $76.7143 and below it to $58. Such a move will hurt sentiment and start a new downtrend.

However, if the price moves above the 20-day EMA, the LTC/USD pair might consolidate between $83.65 and $105.676 for a few days. We expect the uptrend to resume if the pair breaks out and sustains above $105.676. The next target will be a rally to $140.345. As both moving averages are sloping down and the RSI is in the negative zone, we will wait for the uptrend to resume before proposing a trade in it.

BNB/USD
Binance Coin (BNB) has been consolidating in an uptrend for the past few days. As the trend remains up, traders can buy when it resumes its up move. It has been trading above the 20-day EMA for the past four days, but has not been able to break out of the overhead resistance at $32.50. A breakout of this resistance is likely to resume the uptrend and propel it to lifetime highs. Hence, traders can initiate long positions as recommended by us in an earlier analysis.
Both moving averages are flattening out and the RSI is close to the center. This points to a range-bound action for a few days. The consolidation might be between the boundaries of $24.1709 and $32. A breakdown of this range will be a negative move and can drag the BNB/USD pair to the next support at $18.30.

(source: https://cointelegraph.com/news/price-analysis-12-08-btc-eth-xrp-bch-ltc-bnb-eos-bsv-xmr-xlm )
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Max Keiser Predicts Bitcoin Dominance, Death of Altcoins and Hard Forks
by
duchiep37
on 07/08/2019, 10:21:15 UTC
Bitcoin maximalist and former Wall Street trader Max Keiser has recently claimed that Bitcoin (BTC) dominance is heading to 80% and that altcoins are dying, further urging the public to rotate out of other crypto assets and into BTC.

Keiser announced his latest views in a Twitter post on Aug. 6:

“#Bitcoin dominance 68.2% — heading to 80% — as alts die in favor of BTC. The 2014-2017 era of alts and hard forks is dead. Don’t be the last to rotate out of alts into BTC.”

According to data provided by Coin360’s summary table, BTC is sitting at a dominance of around 69.2% at press time, as its market cap is $210,422,145,970 out of a total $303,923,701,331.

In regards to Keiser claim that altcoins are dying, recent analysis from the San Francisco Open Exchange (SFOX) suggests that perhaps this is compatible with Ether (ETH) continuing to thrive. In the SFOX report, the author wrote that BTC has a much larger correlation with ETH than other altcoins, further arguing:

“This may support the idea that Ethereum is coming into its own as a blockchain that is publicly recognized as an asset on its own terms, much like Bitcoin. If this trend continues, it may become inappropriate to categorize Ethereum as an ‘altcoin’ on a par with other cryptoassets that are not Bitcoin.”

Another prediction from Max the maximalist
As previously reported by Cointelegraph, Keiser made a bullish BTC price prediction on Aug. 3. Keiser also addressed his audience on Twitter, claiming that he believes BTC will cross $15,000 this week. Keiser wrote:

“I’m sensing #Bitcoin will cross $15,000 this week. Confidence in central governments, central banks, and centralized, fiat money is at a multi-decade low.”

While perhaps not agreeing with Keiser’s claim that the public’s confidence centralized governments and financial institutions are at an all time low, Circle CEO Allaire similarly commented that geopolitical conflict boosts BTC growth:

“You can very clearly see some macro correlation there. I think the broader theme of, you know, Bitcoin specifically, crypto more broadly participating in these global macro forces is becoming more and more clear. Rising nationalism, rising amounts of currency conflict, trade wars, these all obviously are supportive of a non-sovereign, highly secure digital store of value.”

(source: https://cointelegraph.com/news/max-keiser-predicts-bitcoin-dominance-death-of-altcoins-and-hard-forks )
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3 Reasons Analysts Are Bullish on Bitcoin Despite 33% Price Correction
by
duchiep37
on 30/07/2019, 05:43:21 UTC
As Bitcoin dropped an additional 8% on Saturday, naysayers claim the rally to a new all-time high is over. So what is it that’s keeping market analysts bullish in the face of a 33 percent correction?

Bitcoin price bears draw a line at $10,000

Bitcoin’s most recent price action has been less than satisfactory, unless you’re a bear. To date, the top digital asset is down 32% from it’s 2019 high of $13,739 and short term price action remains overwhelmingly bearish.

Over the past two weeks Bitcoin formed an M-top at $13,739 and $13,177 before dropping to the neckline around $9,600. Most traders expect that Bitcoin will retrace to the 61.8% and 50% Fibonacci Retracement level which is also near the CME futures gap. It’s possible that the group think surrounding the CME gap is causing it to function as a magnet, drawing BTC price nearer to the $8,500 - $7,500 range.
Traders will also have noted that Bitcoin has dropped out of the broadening wedge that had carried it from $4,000 to the 2019 high and the parabolic trend is long negated, hence the probability of a revisit to the 61.8 Fib retracement.

So, the short-term outlook is bearish. Yet several analysts across the sector remain extremely bullish on Bitcoin’s long-term price action. Let’s have a look at some of the key factors which are influencing their opinion.

Dormant Bitcoin wallet address hit new all-time high
Earlier this week Coin Metrics released a report showing Bitcoin’s untouched supply reaching a new all-time high of 21%.
The amount of unmoved Bitcoin has increased significantly over the past five years and coins falling into this category have been held in the same wallet address for 180 days to 2 years. This suggests that Bitcoin is increasingly becoming a store of value rather than a medium of exchange. One could assume that if Bitcoin’s price continues to rise, so will the number of unmoved Bitcoin.
Start of new bull markets coincides with miner capitulation, data shows
On Saturday expert crypto-analyst PlanB tweeted a rather intriguing chart that he and ParabolicTrav worked on.
According to the analysts, after a BTC/USD rally reaches its peak, a massive amount of Bitcoin is available at lower prices. The start of new Bitcoin bull markets have coincided with miner capitulation and Bitcoin price tends to rise from these bottoms to grow 100 times.

Pre-halving hype could push Bitcoin towards $20,000
A few weeks ago popular crypto-analyst Filb Filb reached an identical conclusion. He is convinced that despite the current correction, Bitcoin price won’t revisit its 2019 low of $3,120.
Simply put, the basic rules of supply and demand determine Bitcoin price and Filb Filb believes that “what happened in 2018 was miners selling off their Bitcoins at marginal costs.”

“Only the most efficient miners survived, while their inefficient competitors got eliminated,” he added.

Similar to PlanB and Parabolic Trav, Filb Filb agreed that miners are currently holding on to new mined Bitcoins as they await the 2020 halving event.

If this group of crypto-analysts are correct, then we should begin to see miners selling fewer coins as Bitcoin price gains in the near future. Selling will then resume as buying pressure decreases.

As for the future of Bitcoin’s price, this trio of analysts see BTC/USD following the general trajectory of short-term consolidation followed by pre-halving hype leading Bitcoin back to $20,000.

In the event that Bitcoin does test its all-time high price, it’s entirely possible that long-term holders who purchased BTC near its ATH peak around $16,000 could exit their positions and produce a selloff.

Of course, all of this is dependent on the digital asset’s technical setup as it approaches these highs. From a technical standpoint, the most likely scenario could involve continued decline until $7,500. This would be followed by a lengthy period of consolidation as reaccumulation takes place and Bitcoin’s daily price fluctuations tighten.

(source: https://cointelegraph.com/news/3-reasons-analysts-are-bullish-on-bitcoin-despite-33-price-correction )
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Topic OP
The Case $7.5K Could Become Bitcoin’s New Price Support
by
duchiep37
on 29/07/2019, 04:34:49 UTC
Amidst a decline in the price of bitcoin, the world’s most valuable cryptocurrency could find support at $7,500 – that is if it follows past patterns on the charts. I also think that...
(source: https://bitcoinbd.org/75k-co-the-tro-thanh-muc-ho-tro-gia-moi-cua-bitcoin/)
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Board Marketplace (Altcoins)
Re: I`ll pay $5 in ether for a 2 minute simple task. USA only
by
duchiep37
on 17/06/2019, 10:40:04 UTC
5$ is not much, but i want to try it, what is that ??
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Topic
Board Marketplace (Altcoins)
Re: where do you trade your Altcoin?
by
duchiep37
on 17/06/2019, 07:04:17 UTC
Binance and remitano, there are good choice
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Topic
Board Marketplace (Altcoins)
Re: Shopping Products using Alt Coins? Do you have an experience?
by
duchiep37
on 17/06/2019, 06:57:14 UTC
may be in future but the crypto's problem is higher fee and speed.  Cry Cry
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Board Scam Accusations
Re: AZBIT AND BITSANE.COM SCAM!!!!!!!
by
duchiep37
on 17/06/2019, 05:09:01 UTC
i think it's the ponzi platform, if i true