Crypto Is this finally the end of Bitcoin?

Discussion in 'Other Asset Classes' started by jeromanomic, 14th Jan, 2015.

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  1. jeromanomic

    jeromanomic Active Member

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    I just read this article:
    It's Not Tulipcoin - It's Enroncoin — The Finance Guy

    I've always thought that Bitcoin resembled a bubble.
    I wouldn't be surprised if it gets wiped out. Being first to market didn't exactly help Betamax, Atari, or Netscape

    What do you think?

    How low will the price go?

    Does Bitcoin have legitimate investment value?

    Will Bitcoin retain it's crown as 'king of cryptocurrency', or will it be usurped by a newer better one?
     
  2. The.Night.King

    The.Night.King Well-Known Member

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    @jeromanomic time to revive this discussion... 5 years on... Bitcoin Analysis... We are very close to breaking a 3 year Institutional Order Flow Resistance.



    For those who are trading Bitcoin, please post your chart here. :)

    Bitcoin Weekly Chart.

    https://coinalyze.net/snapshot/E9WzodNy
     
    Last edited: 13th Oct, 2020
  3. Michael.Knight

    Michael.Knight Well-Known Member

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  4. spludgey

    spludgey Well-Known Member

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    Do you realise that it's from 5 years ago?
     
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  5. Laker

    Laker Well-Known Member

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    Didn’t age too well!
     
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  6. The.Night.King

    The.Night.King Well-Known Member

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    a few scenarios I'm considering.

    1. Break out of $12k... Happy days ahead.
    2. Rejection at $12k then back down to $11.5k
    3. Break $11.5k the back down to $10.9k

    https://coinalyze.net/snapshot/0vER7Fsw
     
  7. Michael.Knight

    Michael.Knight Well-Known Member

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    I'm thinking with the US election looming over the next 2 weeks we could see a retest of 10k before going back up by the end of the year.
     
  8. The.Night.King

    The.Night.King Well-Known Member

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    It seems we are at the early stages of a bull Market. Scenario one playing out nicely. 2021 will be a very interesting year for Crypto.

    Screen shot this $100k Bitcoin in 2 years or under.
     
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  9. Ouga

    Ouga Well-Known Member

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    Lol OP must feel a little silly by now. Shame as 2015 was early days still.
    Not that it's late.
     
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  10. The.Night.King

    The.Night.King Well-Known Member

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    BTCUSD Daily Technical Analysis :) Enjoy

     
  11. David_SYD

    David_SYD Well-Known Member

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    I have 0.1 Bitcoin bought at AUD$8,000 and 2,750 XRP bought at AUD$0.35.

    Can somebody please tag me when we’re rich and the name of the pub we’re celebrating in.

    Thanks
     
  12. Michael.Knight

    Michael.Knight Well-Known Member

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  13. BunnyXiao

    BunnyXiao Well-Known Member

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    As of yesterday Raoul Pal's tweets on the New Bretton woods piqued my interest. Now I am taking note of the space. Now its interesting.
     
  14. The.Night.King

    The.Night.King Well-Known Member

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    Here if you're interested
    October 28, 2020

    BITCOIN SYDNEY - After work drinks

    Monthly chart is looking like $13.9k before topping.

    https://www.tradingview.com/x/68RiU2rq/
     
    Last edited: 22nd Oct, 2020
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  15. Ouga

    Ouga Well-Known Member

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    "Trying is the first step towards failure" Homer
  16. The.Night.King

    The.Night.King Well-Known Member

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    Bitcoin Weekly Price Analysis October 26, 2020

     
  17. The.Night.King

    The.Night.King Well-Known Member

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  18. BunnyXiao

    BunnyXiao Well-Known Member

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    yup off and running so many up candle stick days and huge run since 13500 usd level.
     
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  19. The.Night.King

    The.Night.King Well-Known Member

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    No sign of slowing down on the daily nor weekly chart.

    No bearish divergence nor local top confirmed so my money is bitcoin touches the US$16.1k resistance first before a topping formation.
     
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  20. The.Night.King

    The.Night.King Well-Known Member

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