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Bitcoin: Does it have a future ?
rwitre
#1081 Posted : Friday, May 24, 2019 4:08:54 PM
Rank: Member

Joined: 3/8/2018
Posts: 507
Location: Nairobi
If you can't beat them, join them

Quote:

Facebook plans to launch 'GlobalCoin' cryptocurrency in 2020



Facebook is planning to launch its own cryptocurrency in early 2020, allowing users to make digital payments in a dozen countries.

The currency, dubbed GlobalCoin, would enable Facebook’s 2.4 billion monthly users to change dollars and other international currencies into its digital coins. The coins could then be used to buy things on the internet and in shops and other outlets, or to transfer money without needing a bank account.

Mark Zuckerberg, the founder and chief executive of Facebook, last month met the governor of the Bank of England, Mark Carney, to discuss the plans, according to the BBC.


Zuckerberg has also discussed the proposal, known as Project Libra, with US Treasury officials and is in talks with money transfer firms, including Western Union, to develop cheap, safe ways for people to send and receive money. A report last year said Facebook is working on a cryptocurrency that would let users transfer money using WhatsApp, its encrypted mobile-messaging app.




But of course, Bitcoin is still king.
rwitre
#1082 Posted : Sunday, May 26, 2019 11:32:40 PM
Rank: Member

Joined: 3/8/2018
Posts: 507
Location: Nairobi
12-month high clocked. BTC at $8800

Great way to start the coming week

Meanwhile....“Retail is still buying Bitcoin. Yale Endowment, moved into Bitcoin, Stanford Endowment, Moved into Bitcoin and Howard’s endowment has moved into Bitcoin. These are real names and real thoughtful investors.”...

Onward march continues.
mnandii
#1083 Posted : Wednesday, May 29, 2019 11:16:38 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
Spikes wrote:
mnandii wrote:


Bitcoin. A move to 8820s likely then a drop to 5200s to complete wave (4).


If that is the case, I am gonna short BTC and wait to buy at $5000...Applause Applause Applause

Looking at 100 day MA as a longterm trend it clearly stands at $5200/-


Wave B likely set and firm at $8940s. Now a drop in wave C should take Bitcoin back down to $5900s and possibly further below at $5180s. Be ready.
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.
The Great
#1084 Posted : Wednesday, May 29, 2019 11:27:42 AM
Rank: Member

Joined: 9/9/2015
Posts: 233
With a few pitstops at REKT city. They really love me there. Or is it vice versa
"Buy when there's blood in the streets, even if the blood is your own."
mnandii
#1085 Posted : Thursday, June 06, 2019 7:54:04 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304


Bitcoin is falling in Wave C of a triangle. Targets for this fall lie between $6984 and $6575. By this I don't expect Bitcoin to fall below the lower red line ( $6470). If the red line is no breached downward then this forecast will negate my earlier one which called for a drop to $5000s.
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.
mnandii
#1086 Posted : Friday, June 14, 2019 8:54:59 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
The Triangle scenario in Bitocin appears to be less likely now and I hereby revert to my earlier forecast to Bitcoin to fall to 5000s.

Bitcoin should start falling strongly down in a third wave towards $5800 - $5700.

Chart below:

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.
mnandii
#1087 Posted : Friday, June 14, 2019 8:56:42 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
The Triangle scenario in Bitocin appears to be less likely now and I hereby revert to my earlier forecast to Bitcoin to fall to 5000s.

Bitcoin should start falling strongly down in a third wave towards $5800 - $5700.

Chart below:

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.
snifadog
#1088 Posted : Saturday, June 15, 2019 9:14:21 AM
Rank: Member

Joined: 6/6/2016
Posts: 167
Location: Nairobi
good friend, the bull market is here, update your bear charts let's climb to new highs
mamilli
#1089 Posted : Saturday, June 15, 2019 10:12:38 AM
Rank: Member

Joined: 10/6/2015
Posts: 249
Location: Nairobi
snifadog wrote:
good friend, the bull market is here, update your bear charts let's climb to new highs


Laughing out loudly Laughing out loudly A lot of Tether is on the sidelines yearning for that pullback,there is a good chance they wont get it.
Meanwhile,Zuckerberg is going all out....
https://www.theblockcryp...st-of-inaugural-backers/
Never lose your position in a bull market,BTFD.
whiteowl
#1090 Posted : Sunday, June 16, 2019 11:25:08 AM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
mamilli wrote:
[quote=snifadog]good friend, the bull market is here, update your bear charts let's climb to new highs


Laughing out loudly Laughing out loudly A lot of Tether is on the sidelines yearning for that pullback,there is a good chance they wont get it.
Meanwhile,Zuckerberg is going all out....
https://www.theblockcryp...t-of-inaugural-backers/[/quote]

Cryptocurrency thrives coz people lost trust in central banking systems. That's why I don't think the Zuckerberg project will be a success.Any currency needs trust to thrive and not many people trust Facebook.
142 Pages«<107108109110111>»
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