Is Bitcoin Dead?

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Thread: Is Bitcoin Dead?

  1. #1
    Junior Member
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    Aug 2018
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    Default Is Bitcoin Dead?

    Is Bitcoin Dead?
    In this special episode (just like we did with Ethereum the other day) we look at where Bitcoin is now in the big picture.

    Therefore we take our Fibo-tools, and we measure the move up from 160 & 1.000 dollars respectively, up to 20.000 dollars, and determine: are we still in a core-bullish trend, with a bearish side trend, or is this already a core bearish trend?

    Here we can take a few notes: Bitcoin has made an almost 20x move in just under a year, and following this exponential move, we got a non-linear correction, which is right now building a descending pattern, of which we will definitely see a break coming.

    The question is how much is a bitcoin worth now: If this breaks comes to the downside, 5.000 or even 3.000 dollars are possible; but as you can see, even in that worst-case, the picture doesn't look that grim like some analysts are painting it on the wall.

    To the upside we have the 7.400 as the lower highs in the weekly, of which the break could signal the next phase for Bitcoin.

  2. #2
    Senior Member Robert Edwards's Avatar
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    Sep 2015
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    I think people have short memories, as there was a time when people were talking about 100k for Bitcoin, and now itís dead? So, we need to be patience and understand that situation can be up and down, itís obvious. I believe things will get better but not just with Bitcoin but the whole industry.

    I believe right options are must whether you are a traders or direct investor. And to me, Inlock is one of the out of world choice based around the lending platform. There is so much more to it which makes it absolutely revolutionary and one major reason why my preference is so much for it.

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