Bitcoin futures have entered into a contango market, a development which may suggest further agony lies ahead for the cryptocurrency.
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As Bitcoin Goes Bust, One Classic Market Signal Is Pointing To More Pain | Trading Nation | CNBC
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It's funny how all the bitcoin "'Moon Boys" and Maximalist were saying it was the time to buy at 19k because it was going to a million. But every thing is an excuse for why this market is dropping. All the hope and hype must leave this market before a real bottom develops. Bitcoin is only as valuable as it is fashionable or trendy. Thats not and asset. All these crypto millennial geniuses seem to know nothing about behavioral economics and or, the motivations of traders/investors alike. IDGF about what it "CAN DO" or, how it COULD change the world..wtf? You kids act as if it's some magic potion that will "SAVE THE WORLD" from the evil bankers..LOL They've pumped some good smoke up yours if your all in like that from the retail side wow! People want real returns on their investment and when they don't get one the move to OTHER ASSESTS!! Whether your in ASIA, EUROPE, AMERICA, THE MOON you want something in return. So, until bitcoin shows viability and there's still better opportunity to short, it's going down! don't get mad LEARN!
Bitcoin is up 527% over the past 12 months. I would say those are some real returns. Bitcoin, but even more true for some of the alt coins, have utility over the monetary system used today. The easiest to understand would be the ability to send money anywhere in the world within minutes for minimal fees. The current system can't (or won't) do that.
Lol, the $ has no advertisements too, so thats not a problem. Miners take less profits than banks so that is not a problem too. Crypto will be the new currency, it can take a week or 100 years, but it will be the new money. No doubt about that! CNBC watchers don't step in, its a scam, lol.
More FUD , from mainstream media - just another wing of the manipulators trying to wear your resolve so you sell...i think most of the people who could be shaken have sold ..im prepared to be patient , Bitcoin will bounce back even higher, likely before years end..i bought more while its low..if it dropa more i will buy more and so will many others
kaiser sosay Whenever I try explaining block chain and crypto to my mom she really doesn't care. She doesn't see the value in crypto and thinks it's a scam. Coming from a different generation I can see why she would feel that way..
Takanomi Nakamoto it cant go anywhere but down until you can convince the babyboomers to get there money behind it. Why cant you youngsters see this. They may be old and outdated. They dont understand block chain. However, they control 85 percent of the wealth
Its funny millenials say older people dont understand bitcoin. Only thing most millenials understand about bitcoin is if you invest 1000 dollars soon you can buy a lambo. Bitcoin is a pyramid which always needs new people coming in. the whole world knows about bitcoin now. Theres no new money coming in unless aliens start investing. Forget about wall street big money. Bitcoin will drop to 1000 within a year. And then it could collapse completely unless mining becomes cheap again. The current financial system is based on economic growth and production. Bitcoin is base on speculation.
Vizual Samurai lol, so was every .com. unmatched tech like we never seen. Babyboomers were just to dumb to see it. Hope youre in it for the long haul. Took nasdaq 15 years to correct itself and regain strength after the .com bubble.
I think there's a lack of understanding about what drives bitcoin price upwards. When you understand why the price REALLY spikes, then you understand these price drops. The price of bitcoin shoots up as millions of people use the dark web simultaneously. When they got what they want off the dark web, the price plummets again. This is why you see bitcoin spikes often before Christmas - people are buying their christmas supply of dope. Now, yes the price will fall a bit, as it's done before. But in about 18-24 months you'll see another exponential spike like this - it's cyclic. It's unrelated to twitter, or MSM bashing bitcoin, or investment in bitcoin, it's just quite simply people buying things over the dark web. Re the death cross - it's nothing, anything that fluctuates up or down can have different moving averages crossing each other, as a mathematician and a statistician, the only significant i can see in this is that MSM say it's significant so it's likely to scare people. There's no mathematical significance to the death cross whatsoever.
People buying a years worth of dope at christmas? Thats absurd , the fact you call it dope shows that you know nothing about it ..or the buying patterns ..nobody is that organized even if they had the money for a years worth
Anon Wibble: lol, quite the statement a banker bot would say. Please. If people understood the current monetary system we are under they would flock to crypto's like bitcoin. More and more people are understanding fractional based lending each day for the scam it is.
Has anyone entertained the thought that cryptocurrency prices are falling not because of anything to do with the cryptocurrency market itself, but because investors have a pessimistic outlook of the entire market themselves? Or does everyone assume that the stock market began its decline not a month later and this is of no significance? Now, look at the narrative of the market. That it is a state of disarray fueled by "tariff concerns." These narratives offer zero insight into the real movers of markets.
Why do they not talk of interest rates and the history of low interest rates, which propelled this market into a "bull run," and which were done so with the intention of "having two hamburgers today for one tomorrow," as former Fed President of Dallas famously said? Why do they not talk of the massive balance sheet, which finally, has started to undwind (because you cannot run up debt and deficits ad infinitum)?
Just you guys wait. When bitcoin sees all time highs the media will scream buy. When it is at its lows, they scream sell. It's going to crash. Warren Buffet says crypto won't last. You will see the same thing in the coming years when bitcoin is up again.
I think Bitcoin will make a new high in Jan 2019 and about Oct 2018 will be at approx 14K just based on my analysis. I did predict in Oct last year it would be at 8K in Feb 2018 but I didn't believe my analysis then.
Question time: How many ads did bitcoin buy? Answer time, None. Those ads are for ICOS which need them to survive. Bitcoin does not. With the improvements coming to bitcoin in the form of the Lightning Network, young people frankly since they have the time to learn about what bitcoin actually is, will just have to wait it out. Baby Boomers don't have 10 years so why would they look into the future. A future where I could choose to buy with bitcoin over fiat money like the dollar. $1000 in 1975 < $1000 in 2018 but 100 BTC in 2010 = 100 BTC in 2018.
When I first started thinking of investing in crypto last year I came up with a basic criteria for what I thought the "currency of the future" would need: instant transactions, feeless, sustainable, decentralized. My plan was to throw some pocket change at it, and sell when it was enough to retire comfortably with. I started with Nano, made a ton of money off that, but as I kept doing research I realized that its scope was way too small, and there were projects that met (or will meet) the criteria while covering much more grounds. Thanks to everybody who posted about Evan Gilmore, you are all part of my Success Story. Let’s keep spreading Words about Him to help the Ignorant people who are loosing, If you have less than 3 Bitcoins or more, why not trade it and make more profits. It’s no News that Evan Gilmore has been helping so many of us out here with New working strategies to trade our Bitcoin, I went from having 3Btc to 10Btc. Imagine selling off each of them at $30k in a few months, You can Reach his email or text him at ([email protected]) or Telegram +1(904) 428-8349.
The miners are interested in finding a nonce which will create a hash with certain characteristics. Lastly, they have to find a random value that they included in the header, which makes the computed hash over that header a value below a particular target. In other words, they do not have to agree to change the protocol. Though there are a few gold diggers attempting to fill their pockets and certain projects that aren`t viable and shouldn`t be encouraged in any way. For users running a complete node, it is a fairly painless procedure to upgrade the software to the newest version. The process of locating a new block to extend the blockchain is known as mining. Proof-of-Work systems utilize cryptographic hashing algorithms to create the action of mining a block a complicated computation. Our software is totally incompatible with altcoins. Changes and modifications to how that it works need to be approved by consensus and every CPU gets a vote. To start with, it`s essential to realize that hardware wallet users control entirely their private keys. Whether you`re bullish or bearish on Bitcoin Gold, you ought not lose your coins as a result of careless mistakes! On the 1 hand, it may result in making a coin that solves all the pending issues. There`s no currency or digital asset named Bitcoin Core. Bitcoin Cash increases the range of transactions that may be processed per block. You could send any quantity of money, any place in the Earth, almost at no cost. You`ve made some great money already on the market, but you want more. For a wealthy individual, BTC`s price premium may be viewed as a plus. For someone without lots of money, BCH`s low price may look like a great deal for Bitcoin. If you have some concerns about the worth of Bitcoin after all forks, you need to be ready for a drop. The distinction is that not all of these suffer the chain split. The primary problem is Bitcoin imposes a hard limit on the magnitude of a block, the location where transaction information becomes stored. The end result is many straightforward wallets, called SPV wallets and very commonly found on your phone, will be quite confused about which chain is Bitcoin. In Bitcoin, the most important reason is known as the network effect.