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J46
Just hope brown nosing others doesn't deflect their mind from the fact that you are an out an out trouble maker and liar
Fleccy,
I trust you're keeping well . Good to have you back posting !
As for BTC ? Last Stats I read 30% of BTC was owned by 1 % of holders . Not a truly free tangible asset in a free market Economy .
"Next resistance level 30000 ?"
If the whales swim away, that'll be the end.
Next resistance level 30000 ?
Bitcoin is currently at $34,653.90, so far down 4.9% on the day, or around 50% of the November high.
"but like bitcoin it will also fall but it still give a good entry into a cheaper coin base if someone was wanting to go down that route?"
They pretty much track Bitcoin. I don't see any intrinsic value in Crypto, just my opinion.
https://www.google.com/finance/quote/BTC-USD?comparison=ETH-USD%2CDOGE-USD
"Why is there a car stuck bang in front of their face? This is a clown show."
Doesn't look like it's live, it's just restarted.
Ethereum, is another one I have looked at for years and it was under $100 5years ago and even in the last year it has tripled but like bitcoin it will also fall but it still give a good entry into a cheaper coin base if someone was wanting to go down that route?
Why is there a car stuck bang in front of their face? This is a clown show.
Cathie Wood and Elon Musk are broadcasting live at the moment too. Busy day.
https://www.youtube.com/watch?v=DsAayBx9dHo
According to the text on the Live Feed, it says they're giving away 15,000 BTC. 15,000 BTC at over $35,000 a coin is, over $525,000,000 in Bitcoin. I'm guessing giving away 1/2 Billion Dollars must have an affect on the price, and the give away involves sending Bitcoin to Microstrategy, and getting the freebies back in return. Maybe I'm cynical, or just suspicious, but I can't help but think there is a benefit for Microstrategy, will it somehow raise the bitcoin price? I wonder?
"You could buy in now in the hope it reaches $70k again but then it could easily fall to $650."
Indeed, have you checked out the live Michael Sayloryoutube feed?
https://www.youtube.com/watch?v=LdZKzJzA1pk
An investment that’s easily hacked or stolen/lost by people, You could buy in now in the hope it reaches $70k again but then it could easily fall to $650. I have watched the big rises over the last 5 years but still not to keen to chance loosing the lot from people who want it more.
Pump it up (Live)
https://www.youtube.com/watch?v=LdZKzJzA1pk
"Meanwhile the Grooms next door helping the Bridesmaid out of her dress."
I'm not implying Bitcoin investors were Groomed, or am I? lol
Continued:
If there really is value in Crypto, why is it up and down like a Bride's Nightie? Maybe the Nightie's about to come off, leaving many investors naked and out in the cold; Meanwhile the Grooms next door helping the Bridesmaid out of her dress.
I'm not sure if others on here share my fascination toward the gyrations in the price of Bitcoin and Crypto in general. I'm not invested in Bitcoin, as I'm in the no intrinsic value camp.
Here's a 5 year chart of Bitcoin in US Dollars:
https://www.google.com/finance/quote/BTC-USD?window=5Y
Around the 9th October 2020 Bitcoin was priced around $11,300, soon after that it went ballistic, peaking at over $61,000 on the 12 March 2021; It hovered under $61,000 until the 7th May 2021, and then fell fast hitting a low under $32,000 in mid July 2021; It then shot up again, hitting above $64,000 on the 12th November 2021, and is now on the down escalator priced at $35,560.
Digging out articles around some key dates:
Oct 2020
https://www.forbes.com/sites/billybambrough/2020/10/14/bitcoin-has-hit-an-inflection-point--predicts-major-twilio-pinterest-linkedin-and-twitch-investor-bessemer-ventures/
"Now, Bessemer Ventures, which counts cloud communications platform Twilio TWLO -4.7%, image board Pinterest, professional network LinkedIn, and streaming site Twitch among its previous investments, has said it "strongly" believes bitcoin will become "a globally accepted asset class"—and predicted institutional demand for bitcoin "has hit an inflection point.""
March 2021
https://www.cnbc.com/2021/03/13/bitcoin-surpasses-60000-in-record-high-as-rally-accelerates-.html
"The digital currency is up 963% over the last 12 months, according to Coinbase. Its value surpassed $1 trillion last week for the second time this year."
May 2021
https://www.cnbc.com/2021/05/04/jpmorgan-ceo-jamie-dimon-im-not-a-bitcoin-supporter.html
“I’m not a bitcoin supporter,” Dimon said during The Wall Street Journal CEO Council summit on Tuesday. “I don’t care about bitcoin. I have no interest in it.”
July 2021
https://www.forbes.com/sites/billybambrough/2021/07/17/crypto-price-prediction-bitcoin-to-overtake-the-dollar-by-2050-and-soar-to-66000-by-the-end-of-2021/
"Bitcoin has struggled over the last few months, falling by more than half from its peak of around $65,000 set in April."
"Crypto Price Prediction: Bitcoin ‘To Overtake’ The Dollar By 2050 And Soar To $66,000 By The End Of 2021"
November 2021
https://www.theguardian.com/technology/2021/nov/09/bitcoin-price-record-high-cryptocurrencies-ethereum
"The bitcoin price has reached a new record high, breaking through $68,000 (£50,000), and analysts predict that the world’s best-known cryptocurrency will rise further in the coming weeks."
Now
https://www.forbes.com/sites/billybambrough/2022/01/22/like-the-1929-crash-new-crypto-winter-warning-as-sell-off-wipes-15-trillion-from-the-combined-bitcoin-ethereum-solana-bnb-cardano-and-xrp-price/
"Like ‘The 1929 Crash’—New Crypto Winter Warning As Sell-Off Wipes $1.5 Trillion From The Combined Bitcoin, Ethereum, Solana, BNB, Cardano And XRP Price"
If there really is value in Crypto, why is it up and down like a Bride's Nightie? Maybe the Nightie's ab