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Bitcoin technical analysis

  • #7,381
  • Edited 1:43am May 18, 2020 1:07am | Edited 1:43am
Quoting Not-KPMG
Hidden
And you are wondering where all the Intelligent people have gone from the crypto forum?
When the abusive lunatic won't stop, others leave.
Compulsions can be hard to resist
  • #7,382
  • May 18, 2020 8:22am May 18, 2020 8:22am
Quoting Not-KPMG
I don't see any posts All ignored Sooo... Let me ask crybabies ... .. . Is Bitcoin Bu-bu-laaaaaaa When zerooou????
You've been reading my posts. I'm supposed to be on your ignore list. Isn't it hard work reading all those posts you have ignored? What a prick!

Off topic and it's shady: "The amount of cryptocurrency spent on so-called dark net markets, where stolen credit card information and a wide array of illegal drugs can be purchased with Bitcoin, rose 60 percent to reach a new high of $601 million in the last three months of 2019, according to data released Tuesday by Chainalysis, a firm that tracks every Bitcoin transaction and serves as an adviser to an array of government authorities."

1
Gone to a better place
  • #7,383
  • May 18, 2020 8:44am May 18, 2020 8:44am
Bitcoin is bullish short term but with a weak foundation although I think that it never had a strong foundation.

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  • #7,384
  • May 18, 2020 8:53am May 18, 2020 8:53am
Quoting Not-KPMG
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Gone to a better place
  • #7,385
  • May 18, 2020 4:02pm May 18, 2020 4:02pm
Analysis on the Ichimoku indicator. Tenkan crosses Kijun from bottom to top. This is a buy signal. In addition, last week formed a hammer candle, which is also in favor of the bulls. I really want to buy.
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  • #7,386
  • May 18, 2020 4:20pm May 18, 2020 4:20pm
Quoting sidhujag
{quote} No bitcoin offers better moe uoa and sov over gold. Doesn’t matter what people accept today it’s about what people will accept tomorrow you seem stuck in yesterday’s world. where bitcoin fails at money other digital currencies pick up and help. It’s an ecosystem by design and even maximalists of bitcoin failed to see it currently, once they do I expect the distribution of wealth to be spread across many major blockchain systems
You are probably right that I'm stuck in yesterday's world but given the low acceptance of Bitcoin today I'm 100% convinced that Bitcoin and other so called crypto currencies will not succeed before the next century if it does succeed at all.
  • #7,387
  • May 18, 2020 4:21pm May 18, 2020 4:21pm
Bitcoin went up by $39 today No need to tell mother
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  • #7,388
  • May 18, 2020 8:03pm May 18, 2020 8:03pm
Quoting Hutch
{quote} You are probably right that I'm stuck in yesterday's world but given the low acceptance of Bitcoin today I'm 100% convinced that Bitcoin and other so called crypto currencies will not succeed before the next century if it does succeed at all.
You might be right that usefulness is always about timing, which is relative to the average lifespan of a human. However crypto is growing on an S curve which is exponential. So I will hold on on that judgement at this moment especially being on technical side I know I am biased because I understand the technology better than most.

as always like you know, it’s random and it’s an uphill battle. Statistical likeliness of success is what got me into the technology. Like any other field it’s the same concept just that the premise of crypto is much bigger than most other industries. I had the same questions as you when I first was understanding the fundamentals.
  • #7,389
  • May 19, 2020 4:14am May 19, 2020 4:14am
I think cryptocurrency will become the mainstream of investment in the future
  • #7,390
  • May 19, 2020 4:30pm May 19, 2020 4:30pm
Quoting sidhujag
{quote} You might be right that usefulness is always about timing, which is relative to the average lifespan of a human. However crypto is growing on an S curve which is exponential. So I will hold on on that judgement at this moment especially being on technical side I know I am biased because I understand the technology better than most. as always like you know, it’s random and it’s an uphill battle. Statistical likeliness of success is what got me into the technology. Like any other field it’s the same concept just that the premise of crypto...
Fundamentals is one issue but not the biggest issue. With 25% of the world's population without access to electricity do you think the people in that predicament care or even know about Bitcoin? I doubt that by 2100 everybody will have access to electricity and you know that electricity is the backbone of Bitcoin. A technology is useless unless it can be widely used and this is not the case with Bitcoin.
  • #7,391
  • May 19, 2020 4:31pm May 19, 2020 4:31pm

Bitcoin went up by $14 today. Not a stellar performance



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  • #7,392
  • May 19, 2020 4:43pm May 19, 2020 4:43pm
Quoting JamesBond.
I think cryptocurrency will become the mainstream of investment in the future

As the richest man in the Roman Empire 2100 years ago Crassus probably said the same thing but he would have been talking about gold

That darn Crassus was right since 2100 years later gold is and remains one of the mainstream investment of the tycoons

Are you willing to wait 2100 year before cryptocurrency become the mainstream investment of the future?

  • #7,393
  • May 19, 2020 6:22pm May 19, 2020 6:22pm
Quoting Hutch
Bitcoin went up by $14 today. Not a stellar performance {image}
You dumpor

Bitcoin is moving barely 0.1% a day, which is 10-20 times more solid, than the trash called Gold or Aussie , that jump like a frog

Morons like.... don't grasp it.

If bitcoin spikes
If solid

Dumpfoooooos
Beware of robber banks (RB), bad advisors.
  • #7,394
  • May 19, 2020 6:25pm May 19, 2020 6:25pm
Quoting Hutch
{quote}.. 25% of the world's population without access to electricity do you think the people in that predicament care or even know about Bitcoin? I .. can be widely used and this is not the case with Bitcoin.
Dumpfoooooo

If poor people in Gambia or USA have no electricity, how can they even afford a phone or a thousandth of Bitcoin???

Do you frigging believe the poorest people are the backbone???
Baaaaaaackbone
Duhhhhhhhhh

Here's your picture dilboooooo
How did I know??
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Beware of robber banks (RB), bad advisors.
  • #7,395
  • May 19, 2020 6:42pm May 19, 2020 6:42pm
Quoting Hutch
{quote..... Blaaaaaaa.... you know that electricity is the backbone of Bitcoin. A technology is useless unless it can be widely used and this is not the case with Bitcoin.
Dinkompfutooo

Why are then Nike Jordan Max etc the most expensive shoes????? They hot plenty electric ehhh duuhh??
That guy Picasso and his ugly paintings.......
Ohhhh they are widely used and electric too??

Bitcoin. Do you know what Bitcoin is???

Dumbos never grasp it.

Bitcoin is a concept .
Like "the Earth is round" or 2>1.

It's as simple as 21 million limit. Hard limit. It's scarce. And that's it.

I printed a private key and stuffed it in my bank safe.
No electricity in ma safe ..... Ohhhh we are dooooomed
Beware of robber banks (RB), bad advisors.
  • #7,396
  • May 19, 2020 8:52pm May 19, 2020 8:52pm
Quoting Hutch
{quote} Fundamentals is one issue but not the biggest issue. With 25% of the world's population without access to electricity do you think the people in that predicament care or even know about Bitcoin? I doubt that by 2100 everybody will have access to electricity and you know that electricity is the backbone of Bitcoin. A technology is useless unless it can be widely used and this is not the case with Bitcoin.
And so is cash because cash isn’t widely accepted either today especially with covid. When cash is abolished that argument is no longer valid. Do you know the third world has higher rates of mobile clients than first world? Do you know that much of the world is unbanked because they are tapped out of the financial system for not qualifying? Do you know that the same equalities that are strived to create under typical investor qualifications is responsible for creating the inequality in the first place? That is what the first main use case of crypto to bank the unbank and fix that wide distribution and financial segregation
  • #7,397
  • May 20, 2020 6:15am May 20, 2020 6:15am
Today's technical analysis.

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  • #7,398
  • May 20, 2020 4:21pm May 20, 2020 4:21pm
Twice this month Bitcoin went up to almost $10,000 but never reached that level. There is still some hope since it only went down by $105 today.
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  • #7,399
  • May 20, 2020 4:57pm May 20, 2020 4:57pm
Quoting sidhujag
{quote} And so is cash because cash isn’t widely accepted either today especially with covid. When cash is abolished that argument is no longer valid. Do you know the third world has higher rates of mobile clients than first world? Do you know that much of the world is unbanked because they are tapped out of the financial system for not qualifying? Do you know that the same equalities that are strived to create under typical investor qualifications is responsible for creating the inequality in the first place? That is what the first main use case...
If you had no electricity and no cryptocurrency what would be your choice between getting electricity or cryptocurrencies? My choice and that of almost 100% of the people would be electricity. SARS, MERS and Ebola did not stop the use of cash what makes you thing that Covid will force people to reject cash? By the way I bought a 6 pack of beers today using cash Much of the world in unbanked because the people who live in very poor countries have no money. And if no money no mobile and no Bitcoin. Please show us the statistics that the third world has higher rates of mobile clients than the first world? Since the third world is mostly located in Africa along, Asia and Pacific regions this is not the case in accordance with ITU since no internet no mobile.
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  • #7,400
  • May 20, 2020 7:18pm May 20, 2020 7:18pm
Quoting Hutch
{quote} If you had no electricity and no cryptocurrency what would be your choice between getting electricity or cryptocurrencies? My choice and that of almost 100% of the people would be electricity. SARS, MERS and Ebola did not stop the use of cash what makes you thing that Covid will force people to reject cash? By the way I bought a 6 pack of beers today using cash Much of the world in unbanked because the people who live in very poor countries have no money. And if no money no mobile and no Bitcoin. Please show us the statistics that...
Lots of places don’t take cash for the first time. Just ask around. There’s tons of services taking bitcoin but that’s not the point. Bitcoin is not for microtx it’s more of a settlement system and store of value like gold against the policies that wreak havoc globally with wealth segregation at expense of future work.

your right developed world owns much more percent now I can’t remember a few years back I read developed was growing faster. Maybe it was percent of income to mobile phone ownership. I know it was evident a few years back but now even in developed everyone has a phone. But either way we have things they don’t and that cuts them off Access to opportunities that would close the gap which is seperating even in the face of globalization. The reason is the debasement of the currency we use mostly and political second which are related to each other.
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