As the title suggests.... long live the king! A new bull market in Bitcoin begins today in my opinion. Still think LTC will likely outperform BTC short term, but this is very bullish for crypto's
It is a nice chart. Looks like half a pennant, which is indeed bullish for technical analysts. I've been waiting for the consolidation to finish as I think the fundamentals for bitcoin in particular have improved with likely implementation of SegWit2x later this month. When the technicals and fundamentals are both bullish it's usually a good time to buy. A lot of sellers and weak hands would have been washed out over the last month of choppiness too....
The technicals have certainly turned ugly. The pennant type formation broke down badly in the last 24 hours. I'm still bullish on fundamentals, but in something as highly speculative as crypto....sometimes fundamentals don't count for much
Best buying opportunity in months is what it is at the moment, The roller coaster is your friend people.
And where was Silvers boom and bust in that timeline ? As far as I can tell there was One in between now and the seventy's right ? Don't get me wrong, I understand the store of wealth etc but really guy's and girls, the manipulation of the Gold and Silver markets in both the physical and paper markets is undeniable and actually proven as well. Crypto's are so far removed from that aspect of wealth storage though, it is an UN-manipulated market and hence the swings with the inflow and outflow of capital. An immature market ? Yes for sure but with the disruptive technology on offer it is really only a matter of time before the adoption phase kicks in and people will be using blockchain in the same way that they now use the internet.... 98 % of them don't know how it works, but they still use it everyday of their lives. It is much like Lithium investment at the moment, another disruptive tech that people worldwide are only just coming to understand. There are many players in the field but there are only a few that will actually make it in the long run as well. Educating yourself is half the job done at this stage of the game though, and there are a lot of sources out there to use for this as well. Bitcoin was just the first stage of the game though in that it was the introduction of the concept and has really not moved far beyond that in the last six years, it is basically still a form of digital currency. Ethereum is a whole other beast altogether though, if you imagine what the internet was in it's early years and then compare it to what it offers now then you might be nearly half way there over the next decade. Even with it's oncoming changes, Bitcoin will look like the old Brick mobile phone that weighed a couple of KG and were worn hanging off of one shoulder with a connected handset and a limited network at the time compared to the plethora of offerings that Ethereum has to offer in the next five years alone. Bitcoin will forever be the currency of choice no doubt as it was the first mover but the enormous opportunity's provided by the likes of the Ethereum network are still unimaginable. Precious metals and The new world of Crypto currency's are a world apart. Cryptos are uncontrollable, see no borders, are unmanipulated and ungovernable by those who seek to do so, this is all built into their very structure and one of their reasons for their appeal. Risky ? Yes very risky , especially for those who don't know how they work or actually what they are or what they offer. But just a little education at this point in the game can go a loong way. But also no more risky than buying Silver or Gold in a manipulated market and thinking it will go to da moon either. I've been there and done that myself in the past , lost enough to know the difference and learnt my lesson's along the way as well. Ask yourself , Two KG of silver or an Oz of Gold back in 2011 or the same value in BTC today ?
whales? buy walls? have a look at willy bot that our good friend mr karpeles has admitted to running and pumping bitcoin price way back in 2014. https://twitter.com/The_K_meister/status/884648706372448256.
arent you a crypto expert? http://www.coindesk.com/bot-named-willy-did-mt-goxs-automated-trading-pump-bitcoin-price/
Wow you might have something there, 'IF' I had some BTC in Mt Gox back in 2013 and it was ripped off by an individual. So is this your Cryptos are manipulated evidence or just a brain fart looking for one ?
No not at all and I don't claim to be one, but I will claim a greater knowledge of them than you have as you have provided the evidence for it with the above yourself. Here's a challenge for you Dozerz, get yourself 2 K put one 1 K into Gold or Silver...your choice, control the other 1 k yourself and follow my directions and I will double it in a month with Crypto's or pay you the difference. We will see where the profit is in four weeks. Game ?
