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Bitcoin: Does it have a future ?
Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Mukiri wrote:obiero wrote:rwitre wrote:Hello here,
Young at heart, dipped a toe in Bitcoin in the last quarter of 2017. Been a wild ride.
Lessons learnt:
-Unless you're a trader, following day prices can give you ulcers
-As an asset, gains are solely based on whether there will be a person willing to buy it from you at a higher price.
-As a currency, adoption looks promising, with lightning network solving scaling and fee issues.
With Keynasian economics, millennials are looking beyond traditional wealth holdings (gold/units/reits/bills & bonds) for some of their capital; they are more willing to take on risky items like bitcoin. Antiestablishment wave and politicians crippling their countries' economies is also encouraging a flight to safety, where your holdings can enable you to stay afloat...like insurance in case your government's actions devalue your salary and bank savings. cc Greece, Zimambwe, Venezuela, and soon our 254 (hope not)
So with that, I dip my second toe and load up more BTC. It may pay my dowry 😂
PS...those thousands of other cryptocurrencies have their backers, critics, naysayers and diehards...plenty of scams out there too. Am sure there are some precious tokens, but don't have the incentive to dig through the noise.
May crash and burn....but what is life without the risks?
Also happy to join Wazua. Mambo ya stocks nitaongea kwa respective threads. Karibu wazua na uuze hio takataka inaitwa Bitcoin. Risk and insanity should be distinguished Welcome @Rwitre. Its always good to have a breathe of fresh air at look at things from a new angle. Please feel free to share your insights. If there's anything I learnt, there is no monopoly of knowledge in Crypto. I feel your pain, if you are a hodler who checked in late last year... Baptism by fire. A good thing, if you ask me. Never mind @Obiero. He keeps us from getting too cocky. You'll find that he's an asset, whereby when he's making the most noise, you know its time to load up Hate speech! :)
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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sparkly wrote:rwitre wrote:Hello here,
Young at heart, dipped a toe in Bitcoin in the last quarter of 2017. Been a wild ride.
Lessons learnt:
-Unless you're a trader, following day prices can give you ulcers
-As an asset, gains are solely based on whether there will be a person willing to buy it from you at a higher price.
-As a currency, adoption looks promising, with lightning network solving scaling and fee issues.
With Keynasian economics, millennials are looking beyond traditional wealth holdings (gold/units/reits/bills & bonds) for some of their capital; they are more willing to take on risky items like bitcoin. Antiestablishment wave and politicians crippling their countries' economies is also encouraging a flight to safety, where your holdings can enable you to stay afloat...like insurance in case your government's actions devalue your salary and bank savings. cc Greece, Zimambwe, Venezuela, and soon our 254 (hope not)
So with that, I dip my second toe and load up more BTC. It may pay my dowry 😂
PS...those thousands of other cryptocurrencies have their backers, critics, naysayers and diehards...plenty of scams out there too. Am sure there are some precious tokens, but don't have the incentive to dig through the noise.
May crash and burn....but what is life without the risks?
Also happy to join Wazua. Mambo ya stocks nitaongea kwa respective threads. You dipped a toe then another. Let us know when you have a whole foot in then waist deep  Adoption continues Coinbase Strikes Partnership for Crypto Gift Cards in EuropeKenyans paying for food in Nyeri town using bitcoinsBitcoin ETF in the horizon, and any approval is the U.S. Securities and Exchange Commission rubber stamping it as an asset. Will it happen? We'll wait and see.
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Rank: Member Joined: 10/14/2011 Posts: 661
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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 Expect a huge rise in Bitcoin to about $10,000. Have your Stop Loss at $7419. Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Member Joined: 10/6/2015 Posts: 249 Location: Nairobi
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mnandii wrote:Expect a huge rise in Bitcoin to about $10,000. Have your Stop Loss at $7419. This ninja,@tuur demeester,reckons 2018 will be "a shakeout year" https://en.bitnovosti.co...ghs-in-bitcoin-for-2018/Never lose your position in a bull market,BTFD.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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https://www.cnbc.com/201...st-blockchain-bond.html
World Bank hints that blockchain bond is in the horizon. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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 Bitcoin should move towards $13,000 soon in wave 3. Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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This is going to be a good year for bitcoin. Expect moves above $20,000. Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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mnandii wrote:This is going to be a good year for bitcoin. Expect moves above $20,000. Don't ever say you were not told early enough!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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Treasury shenanigans with these taxes are making Bitcoin more viable as a core investment with each passing day.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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 Don't miss this nice opportunity to go LONG bitcoin. Yours targets are $13,000 and above. This is a good medium term play. Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Member Joined: 10/6/2015 Posts: 249 Location: Nairobi
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mnandii wrote:Don't miss this nice opportunity to go LONG bitcoin. Yours targets are $13,000 and above. This is a good medium term play. Am no chartist but the lower highs trend is not inspiring,nonetheless bitcoin is my only play in the crypto world. Never lose your position in a bull market,BTFD.
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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mnandii wrote:Don't miss this nice opportunity to go LONG bitcoin. Yours targets are $13,000 and above. This is a good medium term play. You said 20K a few days back "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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mamilli wrote:mnandii wrote:Don't miss this nice opportunity to go LONG bitcoin. Yours targets are $13,000 and above. This is a good medium term play. Am no chartist but the lower highs trend is not inspiring,nonetheless bitcoin is my only play in the crypto world. Loaded up more bitcoin. My hedge against the madness at NSE and an economy going deeper into the red
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Rank: Member Joined: 6/6/2016 Posts: 165 Location: Nairobi
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mnandii wrote:Don't miss this nice opportunity to go LONG bitcoin. Yours targets are $13,000 and above. This is a good medium term play. This thing is not touching $10,000 any time soon ETF or no ETF
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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 The downward correction in Bitcoin is over. Be long with a Stop Loss at $6150. Interim target $7272. Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Member Joined: 10/6/2015 Posts: 249 Location: Nairobi
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mnandii wrote:The downward correction in Bitcoin is over. Be long with a Stop Loss at $6150. Interim target $7272. Locked and loaded....chilling for the usual Q4 fire works Never lose your position in a bull market,BTFD.
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Rank: Member Joined: 5/27/2016 Posts: 274 Location: Pub
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mamilli wrote:mnandii wrote:The downward correction in Bitcoin is over. Be long with a Stop Loss at $6150. Interim target $7272. Locked and loaded....chilling for the usual Q4 fire works To be honest I don't see alot of fireworks in Q4, because after downward its accumulation phase, There is no way we can make an All Time High (ATH) this Q4. Actually forget ATH 2018. Well may be we test 10k/11k which i still doubt. Focusing on 2019. I work so I can afford the amount of alcohol required to continue going to work
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Rank: Member Joined: 10/6/2015 Posts: 249 Location: Nairobi
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Ryko wrote:mamilli wrote:mnandii wrote:The downward correction in Bitcoin is over. Be long with a Stop Loss at $6150. Interim target $7272. Locked and loaded....chilling for the usual Q4 fire works To be honest I don't see alot of fireworks in Q4, because after downward its accumulation phase, There is no way we can make an All Time High (ATH) this Q4. Actually forget ATH 2018. Well may be we test 10k/11k which i still doubt. Focusing on 2019. Agreed....2018 at best will be revisiting the set ATHs.However serious gains will be made with reference to Q2,Q3 prices. Never lose your position in a bull market,BTFD.
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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mamilli wrote:Ryko wrote:mamilli wrote:mnandii wrote:The downward correction in Bitcoin is over. Be long with a Stop Loss at $6150. Interim target $7272. Locked and loaded....chilling for the usual Q4 fire works To be honest I don't see alot of fireworks in Q4, because after downward its accumulation phase, There is no way we can make an All Time High (ATH) this Q4. Actually forget ATH 2018. Well may be we test 10k/11k which i still doubt. Focusing on 2019. Agreed....2018 at best will be revisiting the set ATHs.However serious gains will be made with reference to Q2,Q3 prices. True, for someone who's been accumulating between $5900 and $7200 it shall be celebration. But for the guys who jumped onto the bandwagon at $15k+ they are wondering what hit them. By the time we are back to those levels say around Christmas, the guys collecting what they can now can even be cashing out with over 200% gains. All that matters is time comparison and entry point. African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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