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Bitcoin: Does it have a future ?
murchr
#1041 Posted : Wednesday, May 08, 2019 8:19:57 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,979
How many coins have they stolen today?
"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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Spikes
#1042 Posted : Wednesday, May 08, 2019 10:07:09 PM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
murchr wrote:
How many coins have they stolen today?

7000BTC equivalent $41million.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
Spikes
#1043 Posted : Thursday, May 09, 2019 8:03:46 AM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
obiero wrote:
Spikes wrote:
rwitre wrote:
mamilli wrote:
Like a Phoenix from the ashes,BTC arises.Bulls charging to test 6k resistance already (despite the Tether FUD) leaving permabears terribly confused.



It charges forward with a few pit stops to offload profit-takers. Applause Applause


It rises very fast amid naysayers lagging sentiment. @obiero, @mugundaman and crew wamekaa wameng'etia tu.Pray Pray Pray

Premature! It will turn flaccid


The bulls are in full control $6000 resistance shattered completely now converted into a floor. Applause Applause Applause
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
rwitre
#1044 Posted : Thursday, May 09, 2019 10:22:03 AM
Rank: Member


Joined: 3/8/2018
Posts: 507
Location: Nairobi
Spikes wrote:
obiero wrote:
Spikes wrote:
rwitre wrote:
mamilli wrote:
Like a Phoenix from the ashes,BTC arises.Bulls charging to test 6k resistance already (despite the Tether FUD) leaving permabears terribly confused.



It charges forward with a few pit stops to offload profit-takers. Applause Applause


It rises very fast amid naysayers lagging sentiment. @obiero, @mugundaman and crew wamekaa wameng'etia tu.Pray Pray Pray

Premature! It will turn flaccid


The bulls are in full control $6000 resistance shattered completely now converted into a floor. Applause Applause Applause


Prepping for a rally.

Also, Bitcoin Won the War of Cryptocurrencies
mnandii
#1045 Posted : Friday, May 10, 2019 9:07:12 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
Swenani wrote:
No wonder Mukiri, spikes na ule mjamaa wa elliot wave analysis wako missingLaughing out loudly Laughing out loudly Laughing out loudly


Shame on you
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
#1046 Posted : Friday, May 10, 2019 9:09:58 AM
Rank: Elder


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


A firm bottom now set in bitcoin at about 3410.25. Expecting a strong upward rise to 6310.19s to complete wave (3).


Post 950
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
#1047 Posted : Friday, May 10, 2019 9:12:09 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
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. That’s 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 it’s 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. It’s 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 it’s checking all boxes on safety, being easy to use, and reaching global adoption, it won’t 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 .

Thank you @spikes. Applause
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
#1048 Posted : Friday, May 10, 2019 9:13:51 AM
Rank: Elder


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

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
#1049 Posted : Friday, May 10, 2019 9:22:52 AM
Rank: Elder


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


A firm bottom now set in bitcoin at about 3410.25. Expecting a strong upward rise to 6310.19s to complete wave (3).


Post 950


See below where we are today! DON'T EVER WASTE YOUR TIME WITH USELESS FUNDAMENTAL ANALYSIS OF BITCOIN!(Unless of course you are willing to lose).

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.
rwitre
#1050 Posted : Friday, May 10, 2019 9:28:00 AM
Rank: Member


Joined: 3/8/2018
Posts: 507
Location: Nairobi
Forbes: Bitcoin Is Somehow Still Climbing

Quote:
Bitcoin, up a staggering 20% over the last 30 days, has continued its march higher this week despite a raft of problems for the world's biggest cryptocurrency.

The bitcoin price hit $6,388 on the Luxembourg-based Bitstamp exchange last night after starting the year at under $4,000. The bitcoin price has also extended its lead over the wider cryptocurrency market, adding to its so-called market dominance—how much bitcoin contributes to the total value of all cryptocurrencies—which is now nudging 60%, its highest in six months.

Bitcoin has somehow added almost 7% over the last three-day trading period despite some $40 million of bitcoin (some 7,000 of the digital tokens) being stolen from the Malta-based Binance exchange, the world's largest bitcoin and cryptocurrency exchange by volume, and Binance's chief executive Changpeng Zhao sparking a controversial debate about "re-organizing" the bitcoin blockchain to recover the funds.
.
.
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There has been some positive news for bitcoin over the last week, however, predominately coming from social media giant Facebook.

Facebook has now decided to remove its restrictions on bitcoin, cryptocurrency and blockchain ads after allowing only some pre-approved ads to run previously.

"While we will still require people to apply to run ads promoting cryptocurrency, starting today, we will narrow this policy to no longer require pre-approval for ads related to blockchain technology, industry news, education or events related to cryptocurrency," Facebook wrote in a blog post this week.
mnandii
#1051 Posted : Friday, May 10, 2019 9:47:24 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
Guys allow me to bask in the sunlight kidogo smile

Most times some people make very depressing comments when I post Elliott Wave analysis but as can be seen in this objective forecast for a rise in bitcoin, you will understand the power of my chosen method of analysis.

Of course as a staunch believer in Elliott Waves I should know the reactions to expect from the herd when a market is about to make a major turn (In this case a turn from bear to bull). And this is the very reason why if you are new and learning the Elliott method you should keep far away from social discussions of the direction of markets. The temptation to go with the herd is quite irresistible (the primitive pre-rational portion of the brain is the one responsible when people herd in financial market place - the neo-cortex will then rationalize the ratio decidendi for the stance taken. This is why at the recent major bottom in bitcoin there were many rational sounding reasons why bitcoin should continue lower and perhaps even collapse! )
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
#1052 Posted : Friday, May 10, 2019 9:50:36 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
rwitre wrote:
Forbes: Bitcoin Is Somehow Still Climbing

Quote:
Bitcoin, up a staggering 20% over the last 30 days, has continued its march higher this week despite a raft of problems for the world's biggest cryptocurrency.

The bitcoin price hit $6,388 on the Luxembourg-based Bitstamp exchange last night after starting the year at under $4,000. The bitcoin price has also extended its lead over the wider cryptocurrency market, adding to its so-called market dominance—how much bitcoin contributes to the total value of all cryptocurrencies—which is now nudging 60%, its highest in six months.

Bitcoin has somehow added almost 7% over the last three-day trading period despite some $40 million of bitcoin (some 7,000 of the digital tokens) being stolen from the Malta-based Binance exchange, the world's largest bitcoin and cryptocurrency exchange by volume, and Binance's chief executive Changpeng Zhao sparking a controversial debate about "re-organizing" the bitcoin blockchain to recover the funds.
.
.
.
There has been some positive news for bitcoin over the last week, however, predominately coming from social media giant Facebook.

Facebook has now decided to remove its restrictions on bitcoin, cryptocurrency and blockchain ads after allowing only some pre-approved ads to run previously.

"While we will still require people to apply to run ads promoting cryptocurrency, starting today, we will narrow this policy to no longer require pre-approval for ads related to blockchain technology, industry news, education or events related to cryptocurrency," Facebook wrote in a blog post this week.


Bull markets climb on a wall of worry......Prechter.
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
#1053 Posted : Friday, May 10, 2019 9:56:29 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
mnandii wrote:
rwitre wrote:
Forbes: Bitcoin Is Somehow Still Climbing

Quote:
Bitcoin, up a staggering 20% over the last 30 days, has continued its march higher this week despite a raft of problems for the world's biggest cryptocurrency.



Bull markets climb on a wall of worry......Prechter.


The important point to remember is that THE MARKET IS RISING. d'oh!

When it will have risen enough then at some point you'll start to hear positive news about bitcoin. But that would signal to you that the market is about to turn down. As always the average speculator is always two steps behind the market (Prechter). The very reason why over 90% lose their capital.
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
#1054 Posted : Friday, May 10, 2019 10:05:57 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
mnandii wrote:
mnandii wrote:
rwitre wrote:
Forbes: Bitcoin Is Somehow Still Climbing

Quote:
Bitcoin, up a staggering 20% over the last 30 days, has continued its march higher this week despite a raft of problems for the world's biggest cryptocurrency.



Bull markets climb on a wall of worry......Prechter.


The important point to remember is that THE MARKET IS RISING. d'oh!

When it will have risen enough then at some point you'll start to hear positive news about bitcoin. But that would signal to you that the market is about to turn down. As always the average speculator is always two steps behind the market (Prechter). The very reason why over 90% lose their capital.

The Forbes quote above also underscores why fundamental analysis is useless smile . Because if we were to strictly follow F.A then because of the stated problems bitcoin should surely be falling. What is this that is now defying fundamental analysis?
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
#1055 Posted : Friday, May 10, 2019 10:07:35 AM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
Where is @obiero? I demand lunch Sir!
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.
rwitre
#1056 Posted : Friday, May 10, 2019 10:21:11 AM
Rank: Member


Joined: 3/8/2018
Posts: 507
Location: Nairobi
mnandii wrote:
Guys allow me to bask in the sunlight kidogo smile

Most times some people make very depressing comments when I post Elliott Wave analysis but as can be seen in this objective forecast for a rise in bitcoin, you will understand the power of my chosen method of analysis.

Of course as a staunch believer in Elliott Waves I should know the reactions to expect from the herd when a market is about to make a major turn (In this case a turn from bear to bull). And this is the very reason why if you are new and learning the Elliott method you should keep far away from social discussions of the direction of markets. The temptation to go with the herd is quite irresistible (the primitive pre-rational portion of the brain is the one responsible when people herd in financial market place - the neo-cortex will then rationalize the ratio decidendi for the stance taken. This is why at the recent major bottom in bitcoin there were many rational sounding reasons why bitcoin should continue lower and perhaps even collapse! )


Hehe....to each his own.

There are those who will use Elliot Wave analysis to predict the trends of the market cycle. @mnandii et al.

There are those who will look at the fundamentals. In BTC's case aspects like use cases, and increased adotion, the blockchain's security etc. Thank these ones for holding on and accumulating even during the brutal bear.

There are those who will wake up and follow the herd wherever it is going that day.
rwitre
#1057 Posted : Friday, May 10, 2019 10:23:18 AM
Rank: Member


Joined: 3/8/2018
Posts: 507
Location: Nairobi
mnandii wrote:
mnandii wrote:
mnandii wrote:
rwitre wrote:
Forbes: Bitcoin Is Somehow Still Climbing

Quote:
Bitcoin, up a staggering 20% over the last 30 days, has continued its march higher this week despite a raft of problems for the world's biggest cryptocurrency.



Bull markets climb on a wall of worry......Prechter.


The important point to remember is that THE MARKET IS RISING. d'oh!

When it will have risen enough then at some point you'll start to hear positive news about bitcoin. But that would signal to you that the market is about to turn down. As always the average speculator is always two steps behind the market (Prechter). The very reason why over 90% lose their capital.

The Forbes quote above also underscores why fundamental analysis is useless smile . Because if we were to strictly follow F.A then because of the stated problems bitcoin should surely be falling. What is this that is now defying fundamental analysis?


F.A that looks at just the problems is tunnel vision. BTC has much more going for it than against it.
Spikes
#1058 Posted : Friday, May 10, 2019 10:47:41 AM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
$6400 resistance about to be smashed. In Binance $6390 has printed. $6400 is critical mark about the direction this coin will make.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
Yliett
#1059 Posted : Friday, May 10, 2019 1:00:44 PM
Rank: New-farer


Joined: 12/23/2018
Posts: 38
Location: germany
The new economical landscape is on its initial stage. Whether somebody is willing to accept it or not, crypto currencies are going to become reality for all people one day. The old monetary systems are failing to fulfil their major role, so either we will move to Gold again, either on crypto this time
rwitre
#1060 Posted : Friday, May 10, 2019 8:01:15 PM
Rank: Member


Joined: 3/8/2018
Posts: 507
Location: Nairobi
Are we about to go parabolic? Laughing out loudly

Interesting sentiment in the market. Bulls pressing hard on the accelerator.

Just another day in crypto.
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