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Bitcoin: Does it have a future ?
Rank: Member Joined: 10/6/2015 Posts: 249 Location: Nairobi
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RIEK01 wrote:Bitcoin Black Friday sale is on đ Lol...Its even funnier coz its actually true....The slight bounce was welcome,you know,to squeeze the shorting f#*kers  Lets now test 3k I dump this useless fiat. 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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Angelica _ann wrote:murchr wrote:Swenani wrote:ngapat wrote:Seems like i got into cryptocurrencies at the wrong time. iam still optimistic though that things will turn around. My USD 1500 that i invested in early december 2017 had initially risen to usd 3300 but has now fallen to usd 720.
Today out of anger, i added another USD 200 and bought some Achain and Enjin coins. right now i'm sipping some tusker cans inthe house pondering my next move. Quit or stay put. Hapa kuliendaje?  You are laughing about very serious thing, let us be considerate to the members of the republic. "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: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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murchr wrote:Angelica _ann wrote:murchr wrote:Swenani wrote:ngapat wrote:Seems like i got into cryptocurrencies at the wrong time. iam still optimistic though that things will turn around. My USD 1500 that i invested in early december 2017 had initially risen to usd 3300 but has now fallen to usd 720.
Today out of anger, i added another USD 200 and bought some Achain and Enjin coins. right now i'm sipping some tusker cans inthe house pondering my next move. Quit or stay put. Hapa kuliendaje? You are laughing about very serious thing, let us be considerate to the members of the republic. Itâs not fair to put those laughing things.. Many wazuans are in the red on many counters. Most put on a brave face and use words such as fully provisioned loss but we know they donât sleep well and post past 3am. Lets be considerate
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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The ponzi unraveling 
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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During bullrun: Buyers ecstatic. FOMO kicks in. Critics drowned out.
During bear market: Critics on speakers, shouting from the rooftops. Buyers on suicide-watch.
Bitcoin has been analysed by experts from the traditional financial markets, hyped and ridiculed in equal measure by enthusiasts and naysayers. It has made money for some, made others bankrupt. It has been declared dead over 300 times, and has bounced back. Each. Single. Time.
Here are the facts:
⢠Those giving numerical predictions of the price in a specific time CANNOT BE SURE. It can double or halve in value tomorrow, but donât go claiming âI told you soâ. Even broken clocks are right 2 times a day.
⢠Bitcoin is NOT a ponzi. Thatâs just a lazy dismissal of one of the greatest innovations of this century. Yes, early adopters have been richly rewarded, but thatâs what you get when you take a risk when everyone else has got cold feet.
⢠Bitcoin is here to stay. In fact itâs helping citizens in countries where their governments are decimating their currencies, and mainstream adoption is growing. Some states have even begun allowing taxes to be paid in the same. Other governments are pushing to make their countries crypto-friendly. More and more R&D is going into making it a useful tool for the masses. You cannot roll it back, or wish it away.
NB- This is specifically about bitcoin. Not the hundreds of other cryptocurrencies popping up everywhere.
There are those who believe in the promise that the decentralized currency holds. There are those looking to make a quick buck from the price fluctuations. Itâs a regulatory grey area. Gamblers. Swindlers. A whole mashup. But mark this: Bitcoin is not going to simply fade away because of the risks. Not when it holds so much promise.
So you can choose to board, or watch from the sidelines. But remember: by the time itâs checking all boxes on safety, being easy to use, and reaching global adoption, it wonât be where it is today.
cc. Every technological advancement that has ever changed the world, but was initially deemed impractical.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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obiero wrote:The ponzi unraveling Bitcoin might get to $2900 but not $2500. Such opinions always lead to missed opportunities there is no objective criteria used to determine a target of $2500. My $2900 is based on Elliott Wave analysis i.e when a fifth wave extends, the retracement after that extension usually finds support at the 2nd wave of the fifth wave extension.  See the red box with 2955.70 value 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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mnandii wrote:obiero wrote:The ponzi unraveling Bitcoin might get to $2900 but not $2500. Such opinions always lead to missed opportunities there is no objective criteria used to determine a target of $2500. My $2900 is based on Elliott Wave analysis i.e when a fifth wave extends, the retracement after that extension usually finds support at the 2nd wave of the fifth wave extension. See the red box with 2955.70 value Any move above $4630s will confirm that a major bottom is in place for Bitcoin 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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rwitre wrote:During bullrun: Buyers ecstatic. FOMO kicks in. Critics drowned out.
During bear market: Critics on speakers, shouting from the rooftops. Buyers on suicide-watch.
Bitcoin has been analysed by experts from the traditional financial markets, hyped and ridiculed in equal measure by enthusiasts and naysayers. It has made money for some, made others bankrupt. It has been declared dead over 300 times, and has bounced back. Each. Single. Time.
Here are the facts:
⢠Those giving numerical predictions of the price in a specific time CANNOT BE SURE. I don't wholly agree with this point. You should spare some time to research on Elliott Waves. And I agree with the disclaimer: the forecasts are not certain but Elliott Waves give you better odds and an objective way to see the market
⢠Bitcoin is NOT a ponzi. Thatâs just a lazy dismissal of one of the greatest innovations of this century. Wholly agree. And you will realize people flipflop on their opinions about bitcoin based on where the price level is.When in a bull run they embrace it. in a bear market they flog it;
⢠Bitcoin is here to stay. In fact itâs helping citizens in countries where their governments are decimating their currencies, and mainstream adoption is growing. Some states have even begun allowing taxes to be paid in the same. Other governments are pushing to make their countries crypto-friendly. More and more R&D is going into making it a useful tool for the masses. You cannot roll it back, or wish it away. Quite true. The blockchain is a major advancement
NB- This is specifically about bitcoin. Not the hundreds of other cryptocurrencies popping up everywhere.
There are those who believe in the promise that the decentralized currency holdsThis point is quite important - decentralized currency. It is a major basis for blockchain. The attractiveness of blockchain is that the currency based off it cannot be manipulated. This is also the reason why most governemt would not willingly adopt it - they want a currency that they have control over, a near impossibility with bitcoin(blockchain). And this point is also why I am bored with some fake enthusiasts who make noise asking for government regulation of bitcoin. Bitcoin is supposed to be independent of government, how then would a rational bitcoin enthusiast ask for regulation unles they completely misunderstand the very reason for blockchain. The people pushing for regulation are fakes and yes I know they will attack me on this but this is a point that must be made clear. What the governemnt can do is to adopt bitcoin but it cannot regulate something it has no control over! . There are those looking to make a quick buck from the price fluctuations. Itâs a regulatory grey area. Gamblers. Swindlers. A whole mashup. But mark this: Bitcoin is not going to simply fade away because of the risks. Not when it holds so much promise.
So you can choose to board, or watch from the sidelines. But remember: by the time itâs checking all boxes on safety, being easy to use, and reaching global adoption, it wonât be where it is today.
cc. Every technological advancement that has ever changed the world, but was initially deemed impractical.
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: 9/20/2015 Posts: 2,811 Location: Mombasa
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mnandii wrote:rwitre wrote:During bullrun: Buyers ecstatic. FOMO kicks in. Critics drowned out.
During bear market: Critics on speakers, shouting from the rooftops. Buyers on suicide-watch.
Bitcoin has been analysed by experts from the traditional financial markets, hyped and ridiculed in equal measure by enthusiasts and naysayers. It has made money for some, made others bankrupt. It has been declared dead over 300 times, and has bounced back. Each. Single. Time.
Here are the facts:
⢠Those giving numerical predictions of the price in a specific time CANNOT BE SURE. I don't wholly agree with this point. You should spare some time to research on Elliott Waves. And I agree with the disclaimer: the forecasts are not certain but Elliott Waves give you better odds and an objective way to see the market
⢠Bitcoin is NOT a ponzi. Thatâs just a lazy dismissal of one of the greatest innovations of this century. Wholly agree. And you will realize people flipflop on their opinions about bitcoin based on where the price level is.When in a bull run they embrace it. in a bear market they flog it;
⢠Bitcoin is here to stay. In fact itâs helping citizens in countries where their governments are decimating their currencies, and mainstream adoption is growing. Some states have even begun allowing taxes to be paid in the same. Other governments are pushing to make their countries crypto-friendly. More and more R&D is going into making it a useful tool for the masses. You cannot roll it back, or wish it away. Quite true. The blockchain is a major advancement
NB- This is specifically about bitcoin. Not the hundreds of other cryptocurrencies popping up everywhere.
There are those who believe in the promise that the decentralized currency holdsThis point is quite important - decentralized currency. It is a major basis for blockchain. The attractiveness of blockchain is that the currency based off it cannot be manipulated. This is also the reason why most governemt would not willingly adopt it - they want a currency that they have control over, a near impossibility with bitcoin(blockchain). And this point is also why I am bored with some fake enthusiasts who make noise asking for government regulation of bitcoin. Bitcoin is supposed to be independent of government, how then would a rational bitcoin enthusiast ask for regulation unles they completely misunderstand the very reason for blockchain. The people pushing for regulation are fakes and yes I know they will attack me on this but this is a point that must be made clear. What the governemnt can do is to adopt bitcoin but it cannot regulate something it has no control over! . There are those looking to make a quick buck from the price fluctuations. Itâs a regulatory grey area. Gamblers. Swindlers. A whole mashup. But mark this: Bitcoin is not going to simply fade away because of the risks. Not when it holds so much promise.
So you can choose to board, or watch from the sidelines. But remember: by the time itâs checking all boxes on safety, being easy to use, and reaching global adoption, it wonât be where it is today.
cc. Every technological advancement that has ever changed the world, but was initially deemed impractical.
I hope @Obiero and the rest of naysayers have read this . John 5:17 But Jesus replied, âMy Father is always working, and so am I.â
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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Spikes wrote:mnandii wrote:rwitre wrote:During bullrun: Buyers ecstatic. FOMO kicks in. Critics drowned out.
During bear market: Critics on speakers, shouting from the rooftops. Buyers on suicide-watch.
Bitcoin has been analysed by experts from the traditional financial markets, hyped and ridiculed in equal measure by enthusiasts and naysayers. It has made money for some, made others bankrupt. It has been declared dead over 300 times, and has bounced back. Each. Single. Time.
Here are the facts:
⢠Those giving numerical predictions of the price in a specific time CANNOT BE SURE. I don't wholly agree with this point. You should spare some time to research on Elliott Waves. And I agree with the disclaimer: the forecasts are not certain but Elliott Waves give you better odds and an objective way to see the market
⢠Bitcoin is NOT a ponzi. Thatâs just a lazy dismissal of one of the greatest innovations of this century. Wholly agree. And you will realize people flipflop on their opinions about bitcoin based on where the price level is.When in a bull run they embrace it. in a bear market they flog it;
⢠Bitcoin is here to stay. In fact itâs helping citizens in countries where their governments are decimating their currencies, and mainstream adoption is growing. Some states have even begun allowing taxes to be paid in the same. Other governments are pushing to make their countries crypto-friendly. More and more R&D is going into making it a useful tool for the masses. You cannot roll it back, or wish it away. Quite true. The blockchain is a major advancement
NB- This is specifically about bitcoin. Not the hundreds of other cryptocurrencies popping up everywhere.
There are those who believe in the promise that the decentralized currency holdsThis point is quite important - decentralized currency. It is a major basis for blockchain. The attractiveness of blockchain is that the currency based off it cannot be manipulated. This is also the reason why most governemt would not willingly adopt it - they want a currency that they have control over, a near impossibility with bitcoin(blockchain). And this point is also why I am bored with some fake enthusiasts who make noise asking for government regulation of bitcoin. Bitcoin is supposed to be independent of government, how then would a rational bitcoin enthusiast ask for regulation unles they completely misunderstand the very reason for blockchain. The people pushing for regulation are fakes and yes I know they will attack me on this but this is a point that must be made clear. What the governemnt can do is to adopt bitcoin but it cannot regulate something it has no control over! . There are those looking to make a quick buck from the price fluctuations. Itâs a regulatory grey area. Gamblers. Swindlers. A whole mashup. But mark this: Bitcoin is not going to simply fade away because of the risks. Not when it holds so much promise.
So you can choose to board, or watch from the sidelines. But remember: by the time itâs checking all boxes on safety, being easy to use, and reaching global adoption, it wonât be where it is today.
cc. Every technological advancement that has ever changed the world, but was initially deemed impractical.
I hope @Obiero and the rest of naysayers have read this . You can write all that you want, but we know the reality on the ground/market - massacre it has been for the whole year and still going on. 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: Elder Joined: 10/11/2006 Posts: 2,304
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 The drop in Bitcoin is likely over now at $3495. Wave [Y] is Fibonacci 0.618 of wave [W]. I now expect Bitcoin to climb above $4580.00s soon in its path to regain the $6500.00s handle. 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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BTC price ramping up,however delayed btc-ETF ruling by SEC coupled with further postponent of both BAKKT and NASDAQ futures launch should kill the enthusiasm and bring us back to lower 3k.I will be waiting. Never lose your position in a bull market,BTFD.
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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This is a nice read. It succinctly puts across points weâve been making on this thread (from an investment perspective): The Trade Of The Decade: Betting On Bitcoin Quote: An investment in a basket of the top crypto-assets (largely Bitcoin) has the best chance to deliver the most attractive risk-adjusted returns over the next 10-years, compared to less controversial favorites such as Amazon stock, 10-year U.S. Treasuries, an apartment in Manhattan, or other âconsensus longsâ.
It's a rare, unlevered asset in a levered world....pressure on central banks to print excessively into the foreseeable future, diluting the value of fiat currency.....Smart money (and increasingly, just more money), will flock to unlevered assets that have limited supply â gold, bitcoin, or other alternative assets that arenât part of the mainstream investment world. Traditional assets such as equities, government / corporate bonds and real estate are all highly levered.
Bitcoin is an asset that is non-correlated (volatile yes, but volatility that is unrelated to fiat investments) and therefore a true method of diversification that boosts the overall portfolioâs risk-reward (e.g. Sharpe, Sortino), and with plenty of upside that is premised on secular and defensible trends.
If you have something that can potentially 50x, you must have 98% conviction that itâs not going to happen for you to not put money in.
Oftentimes, people look at investing in crypto-assets as this binary conceptâââdo I invest given the asymmetric upside, or do I not invest because itâs vaporware that could go to zero? This is a false dilemma. The reconciler is simply a matter of sizing. One must ask themselves, is it worth putting a dollar into the space? The answer is undoubtedly âyes.â How about two dollars, three, fourâââand you go from there. We believe every well-balanced portfolio includes a crypto-asset allocationâââand the only question is one of sizing.
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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mamilli wrote:BTC price ramping up,however delayed btc-ETF ruling by SEC coupled with further postponent of both BAKKT and NASDAQ futures launch should kill the enthusiasm and bring us back to lower 3k.I will be waiting. However low the price sinks, I still believe Bitcoin will hit $12,000 - $15,000 range before the new year. Load up while you can and let's revisit this around Christmas time. 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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Rank: Member Joined: 6/6/2016 Posts: 165 Location: Nairobi
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@Sober, will you eat your test**les on live TV like McAfee if this prediction doesn't come through?
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Rank: Member Joined: 10/6/2015 Posts: 249 Location: Nairobi
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Sober wrote:mamilli wrote:BTC price ramping up,however delayed btc-ETF ruling by SEC coupled with further postponent of both BAKKT and NASDAQ futures launch should kill the enthusiasm and bring us back to lower 3k.I will be waiting. However low the price sinks, I still believe Bitcoin will hit $12,000 - $15,000 range before the new year. Load up while you can and let's revisit this around Christmas time. Sawa elder,I was equally bullish until the 6k support was breached....but who knows,your targets are not beyond the realms of possibility. Never lose your position in a bull market,BTFD.
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Rank: Elder Joined: 12/6/2008 Posts: 3,548
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 A New Kenya
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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mnandii wrote:The drop in Bitcoin is likely over now at $3495. Wave [Y] is Fibonacci 0.618 of wave [W]. I now expect Bitcoin to climb above $4580.00s soon in its path to regain the $6500.00s handle. 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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 Bitcoin is completing wave (2) of the impulse wave [1]. It should then rise in wave (3) with targets of $5295.00s or $6144.00s. The red line at $3514.00s is our line in the sand that should not be breached to the downside. 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: 3/8/2018 Posts: 507 Location: Nairobi
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Chartists- Was THAT the bottom? Other wazuans- When will you FOMO in?
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