This chart is certainly bullish right? BTC is ready to serve as an alternative currency to the entire world right now.
How big is the worlds financial bubble that is entirely based on debt? Which government will impose ridiculous laws that force people into BTC next? Where is a better solution for transferring large amounts of money across the world? How many people even know about BTC right now? Is it safe to say information and news of BTC will spread faster over time as our toilets and pillows become wired to the internet?
Only 100Billion of the worlds various currencies are in cryptocurrencies. The tech market alone has roughly a 15Trillion market cap.
Any news involving BTC increases recognition and therefore volume. BTC will not have a gradual increase to the moon because global currency adoption will be exponential.
If you have BTC. HODL.
Please leave bearish comments below!
Trade ist aktiv
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A little early on the crazy growth but the price halving panic sells were spot on. According to this we could either go alot lower or bounce off the top of the consolidation channel. Bring it on
Kommentar
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I love how we had a little bounce off the upper bound of that consolidation channel before falling back down through it. This chart has been going for quite a while. It looks to me like $3600 is the bare minimum BTC could go if there was a major sell-off right now.
If you understand that BTC is the most fair money we've ever had access to, you better be dollar cost averaging as the markets going down. Now isn't a bad time to increase those weekly auto buys.
People are discouraged from thinking trading is hard but it truly is. If you're not an expert, holding very long term is probably your best bet.
I laughed at first but that consolidation channel is tripping me out now.
If you check out MtGox's chart, that channel first set lower resistance back in Jan 2011, before the first moon you just see the tail end of here on Bitstamp!
nakov
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Completely agree. Irrelevant what happens this summer, Just HODL for a few more years and you will be a millionaire, guaranteed.
And those of you who are millionaires NOW, could become billionaires with better luck and smart investment in some alts.
1st comment not exactly from a bear :)
If you check out MtGox's chart, that channel first set lower resistance back in Jan 2011, before the first moon you just see the tail end of here on Bitstamp!