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Bitcoin: Does it have a future ?
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mnandii
#1371 Posted : Thursday, March 18, 2021 7:36:07 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
Now to our next forecast:



Bitcoin should FALL in wave [iii] of C of (4). Initial target $36,500. SHORT with your Stop Loss at $61,537.
NB: In case Bitcoin surpasses $61,537 then we'll review the Elliott Wave counts.
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
#1372 Posted : Thursday, March 18, 2021 7:40:58 AM
Rank: Elder

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


ETHEREUM
Expecting one final strong UP move in Ethereum to levels beyond $2030, the previous all-time high to complete wave (1) of [1].

A large correction (crash) will then ensue to likely below $1000 for wave (2).


First move complete as explained 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.
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mnandii
#1373 Posted : Thursday, March 18, 2021 7:54:26 AM
Rank: Elder

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


Wave [i] of 5 complete in Ethereum at $1941.
Ethereum should now fall in a wave [ii] correction that should however maintain above $1285.67
Once wave [ii[ completes the next move will be a strong wave [iii] to levels above $2033, the previous high.
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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wukan
#1374 Posted : Friday, March 19, 2021 8:57:46 PM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,654
wukan wrote:
Swenani wrote:
wukan wrote:
Swenani wrote:
It appears to me bitcoin and other cyrpto-currencies are not backed up by anything apart from trust and hope


So too is fiat currency just ordinary paper that we trust and hope holds value. As the people of Venezueala and Zimbabwe found out it's not backed by anything


It's not backed by anything but it's guaranteed by someone/something that's why you will work to a mahindi choma guy take his mahindi and give him the 10 bob. Have you ever tried paying for your flight ticket with bitcoins?


Isn't the zim dollar guaranteed by full credit of Zimbabwe govt. Venezuela's bolivar is backed by oil reserves and yet they announced they want to develop a virtual currency to replace it. Some companies in Venezuela are only exclusively accepting payment in bitcoin. It will only take massive currency printing by govt to make that mahindi choma guy to refuse your 10 bob.

By the way what makes you accept m-pesa, it's not backed by anything just what is contained in the mpesa servers? M-pesa is a crypto-currency tied to the kenya shilling 1:1. You still use m-pesa currency for many transactions e.g paybills and only exchange for kshs when you withdraw from an agent.

Bitcoin is like south sea company the eye-opener for joint stock companies. When the south sea bubble burst it didn't stop the formation of joint stock companies. Watch as bitcoin marches all the way to 60,000 dollars before any serious correction. Bitcoin is a concept whose future has arrived. It started off with gold farming




#131 Posted : Monday, December 11, 2017 2:30:01 PM

Bitcoin has reached the 60k mark and keeps rejecting the trendline. A throwover above 60k and then huge correction. It's been such a ride!!!

information was here and wazuans didn't make moneysmile
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sparkly
#1375 Posted : Saturday, March 20, 2021 3:04:36 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
wukan wrote:
wukan wrote:
Swenani wrote:
wukan wrote:
Swenani wrote:
It appears to me bitcoin and other cyrpto-currencies are not backed up by anything apart from trust and hope


So too is fiat currency just ordinary paper that we trust and hope holds value. As the people of Venezueala and Zimbabwe found out it's not backed by anything


It's not backed by anything but it's guaranteed by someone/something that's why you will work to a mahindi choma guy take his mahindi and give him the 10 bob. Have you ever tried paying for your flight ticket with bitcoins?


Isn't the zim dollar guaranteed by full credit of Zimbabwe govt. Venezuela's bolivar is backed by oil reserves and yet they announced they want to develop a virtual currency to replace it. Some companies in Venezuela are only exclusively accepting payment in bitcoin. It will only take massive currency printing by govt to make that mahindi choma guy to refuse your 10 bob.

By the way what makes you accept m-pesa, it's not backed by anything just what is contained in the mpesa servers? M-pesa is a crypto-currency tied to the kenya shilling 1:1. You still use m-pesa currency for many transactions e.g paybills and only exchange for kshs when you withdraw from an agent.

Bitcoin is like south sea company the eye-opener for joint stock companies. When the south sea bubble burst it didn't stop the formation of joint stock companies. Watch as bitcoin marches all the way to 60,000 dollars before any serious correction. Bitcoin is a concept whose future has arrived. It started off with gold farming




#131 Posted : Monday, December 11, 2017 2:30:01 PM

Bitcoin has reached the 60k mark and keeps rejecting the trendline. A throwover above 60k and then huge correction. It's been such a ride!!!

information was here and wazuans didn't make moneysmile


Bitcoin has a way of making people look like super-geniuses then like absolute fools. I am not interested in looking like either smile
Life is short. Live passionately.
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quadc
#1376 Posted : Sunday, March 28, 2021 3:52:12 PM
Rank: New-farer

Joined: 1/31/2013
Posts: 21
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quadc
#1377 Posted : Sunday, March 28, 2021 7:04:00 PM
Rank: New-farer

Joined: 1/31/2013
Posts: 21
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aemathenge
#1378 Posted : Monday, March 29, 2021 11:22:28 AM
Rank: Elder

Joined: 10/18/2008
Posts: 3,434
Location: Kerugoya
You too can own part of a #Bitcoin.

Each #Bitcoin is made up of 100 million units called "Stats".

Go to https://bit.ly/3vkvXXL, create your own account, verify it, then buy, sell, or hodl your stats of #bitcoin.

You can buy with as little as Kenya Shillings 1,200.00 via Mpesa or any bank in Kenia.
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rwitre
#1379 Posted : Monday, April 12, 2021 3:41:35 PM
Rank: Member

Joined: 3/8/2018
Posts: 507
Location: Nairobi
Been a while

Checked back in to tell Wazuans to grab some popcorn.

So much pressure something has to pop.

Will it be this week?

Stay tuned and stack sats.

Current BTC price: $60550
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kmucheke
#1380 Posted : Wednesday, April 14, 2021 10:16:10 AM
Rank: Member

Joined: 3/16/2019
Posts: 313
Coinbase to go public via direct listing on Nasdaq today,April 14, 2021.
Already prices of some cryptos including Bitcoin have risen in anticipation.
How the market will react after the listing no one knows.
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