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Bitcoin: Does it have a future ?
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xtina
#1171 Posted : Sunday, March 15, 2020 11:18:00 AM
Rank: Member

Joined: 6/26/2008
Posts: 399
lochaz-index wrote:
Spare a thought for crypto bulls. Bitcoin got a beating of a lifetime yesterday and then some. It fell about 40% nearly touching $4000 and the rest of the cryptos weren't spared either.


Why is localbitcoins Kenya still so expensive? 1BTC is 6000USD and above. I want to buy.
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mamilli
#1172 Posted : Friday, March 20, 2020 10:25:17 AM
Rank: Member

Joined: 10/6/2015
Posts: 249
Location: Nairobi
mnandii wrote:


BITCOIN has now bottomed at $6362.50.

Expect a three wave correction to about $7000 but which should not go below 6362.50.

Afterwards a strong third wave that will take Bitcoin to above and beyond $19280s, the previous all-time high.

All the best in your trading or investment (you'll need Bitcoin to transact soon when your currency goes the Zimbabwean or Venezuelan way).


6.3k was breached,currently battling to reclaim it.What does your wave count now show?
Never lose your position in a bull market,BTFD.
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mnandii
#1173 Posted : Friday, March 20, 2020 3:27:40 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
BITCOIN
UPDATED WAVE COUNT


Bitcoin has bottomed at 3756. Now rising in wave (1) which should peak at around 10,000 before making a wave (2) correction as depicted by the the trend lines.

Bitcoin will rise way beyond 20,000 as stocks and other investments crumble. It will be the mode of payment of choice for countries whose currencies will collapse. And yes, currencies will collapse in this deflationary environment.
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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mnandii
#1174 Posted : Saturday, March 21, 2020 10:03:37 AM
Rank: Elder

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


Bitcoin having dropped sharply to 5500 yesterday suggests that one more move to below 3000 is possible. Watch out for it.
If a move to 3000 happens then you'll have an even better price to pick some bitcoins. The forecast to above 20,000 remains.
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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rwitre
#1175 Posted : Saturday, March 21, 2020 11:15:15 AM
Rank: Member

Joined: 3/8/2018
Posts: 507
Location: Nairobi
Bitcoin forging on block after block amidst the global financial mess.

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mamilli
#1176 Posted : Saturday, March 21, 2020 3:39:40 PM
Rank: Member

Joined: 10/6/2015
Posts: 249
Location: Nairobi
mnandii wrote:


Bitcoin having dropped sharply to 5500 yesterday suggests that one more move to below 3000 is possible. Watch out for it.
If a move to 3000 happens then you'll have an even better price to pick some bitcoins. The forecast to above 20,000 remains.


Sub 3k,I would sell my amg jalopy.However the recent capitulation both in price and volume persuades me otherwise (sub 3k may not print).
Dry powder is always on the ready,am a buyer at any price below 5k.
Never lose your position in a bull market,BTFD.
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Mukiri
#1177 Posted : Monday, March 23, 2020 10:22:39 PM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
mnandii wrote:


Bitcoin having dropped sharply to 5500 yesterday suggests that one more move to below 3000 is possible. Watch out for it.
If a move to 3000 happens then you'll have an even better price to pick some bitcoins. The forecast to above 20,000 remains.

Might the price action warrant regular reviews? You've given two different analysis, just a day apart.

Price jumped to $6,6+ on the announcement of US printing money. Price seems to be holding steady @6,2. If they use the unlimited pockets to buy BTC as they bail people out, what is the likely effect? I think I'll average down with anything below $6k.

ION How do people buy BTC (in bulk) nowadays?

Proverbs 19:21
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VituVingiSana
#1178 Posted : Tuesday, March 24, 2020 6:57:52 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
mnandii wrote:


BITCOIN has now bottomed at $6362.50.

Expect a three wave correction to about $7000 but which should not go below 6362.50.

Afterwards a strong third wave that will take Bitcoin to above and beyond $19280s, the previous all-time high.

All the best in your trading or investment (you'll need Bitcoin to transact soon when your currency goes the Zimbabwean or Venezuelan way).

This was posted on 30 Jan 2020 but on between 13 Mar 2020 - 22 Mar 2020 it was below $6362. I used Google Finance so these might be average prices.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Spikes
#1179 Posted : Tuesday, March 24, 2020 7:53:43 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
VituVingiSana wrote:
mnandii wrote:


BITCOIN has now bottomed at $6362.50.

Expect a three wave correction to about $7000 but which should not go below 6362.50.

Afterwards a strong third wave that will take Bitcoin to above and beyond $19280s, the previous all-time high.

All the best in your trading or investment (you'll need Bitcoin to transact soon when your currency goes the Zimbabwean or Venezuelan way).

This was posted on 30 Jan 2020 but on between 13 Mar 2020 - 22 Mar 2020 it was below $6362. I used Google Finance so these might be average prices.


COVID19 has shifted the paradigm.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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mnandii
#1180 Posted : Friday, April 10, 2020 9:22:46 AM
Rank: Elder

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


Bitcoin has bottomed at 3761. Elliott Wave (2) in progress which will likely take the shape of the trendlines as depicted here. Completion of wave (2) will mark the end of Bitcoin's bear market.
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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