Jump to content

Bitcoin expected to plummet

Recommended Posts

Whst wil be next direction of crypto

  • Like 1

Share this post


Link to post
8 hours ago, Mayur said:

Whst wil be next direction of crypto

WOW! When I seen the headline I expected some informed news... Talk about Click Bait!

  • Sad 1

Share this post


Link to post
Guest phil

 Tony agrees :D 

Cheers

Phil

Share this post


Link to post

There are many factors for this (Look at what happened in Iran and Venezuela recently for example), It will no doubt go alot lower. 

Share this post


Link to post

@TheGuru12,

I do not know if it will go a lot lower or not. It may well do. Greece and Cyprus are exactly the reasons why people are looking seriously at Bitcoin. Venezuela and its inflation is again another reason which adds to a compelling argument for Bitcoin. Iran as well. 

I agree with the IG video in the sense that short term Bitcoin may consolidate or go lower but longer term I am bullish that Bitcoin will see higher prices. 

We shall let time and price action confirm our biases. 

Share this post


Link to post

Iran, Basically you want Crypto? Fine....We will tax it. No advantage over how the system is now.

Venezuela, Mass blackouts make Crypto currently absolutely useless. People exit the system like crazy. They cant afford to be beholden to that when they are trying to get their next meal. 

 

Rumour has it Facebook are in talks with Walmart about some kind of "Crypto Project" making again Bitcoin useless in the majority of cases. 

Share this post


Link to post

@TheGuru12,

Venezuela Sets New Bitcoin Volume Record Thanks to 10,000,000% Inflation

https://cointelegraph.com/news/venezuela-sets-new-bitcoin-volume-record-thanks-to-10-000-000-inflation

Why are Venezuelans seeking refuge in crypto-currencies?

https://www.bbc.co.uk/news/business-47553048

Iran Recognizes Bitcoin and Crypto as an Official Industry, Says MP

https://cointelegraph.com/news/iran-recognizes-bitcoin-and-crypto-as-an-official-industry-says-mp

Bitcoin Becomes More Popular in Iran

https://learningenglish.voanews.com/a/bitcoin-becomes-more-popular-in-iran-/5006150.html

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Member Statistics

    • Total Topics
      7,775
    • Total Posts
      40,552
    • Total Members
      50,937
    Newest Member
    Mthobza01
    Joined 20/11/19 19:11
  • Posts

    • So US indices have been climbing higher (albeit a red day today). Trump needs the US stock market to blossom in order for him to say that it is a lot higher since he became US President.  So what happened to the wall he was going to build? This was one of the key pledges he was making during his election campaign. It is no different to Boris Johnson saying with confidence that the UK would leave the EU on 31st October 2019! There were even messages on the M1 (Motorway) in the UK inferring this.  POLITICAL SPIN and Marketing Wizardry at its best. Trump has focussed the media attention on the US-China Trade War to deflect from his broken promise so far.  Traders need to understand the fundamentals and how they work when it comes to politics and economics when trading not just US and UK indices but all major indices around the world. There were lots of stock market predictions being made about how it was going to see a big fall but this has not materialised. It may well do in 2020, I don't know, but never fight the trend until the bend at the end. Even then the bend can turn back again and continue which is what we have been witnessing with the US indices as politicians control the news flow, dictate the narrative and plot the course for stock markets.  
    • One should treat trading like a business. In any successful business there would be a business plan. So for any successful trader there must be a trading plan.  There is a cheesy line but very true which is something like - failing to plan is a plan to fail.  Some of the best and most successful traders in the world will have and are more likely to have a trading plan. I would be surprised if they do not.  This trading plan can be an evolving plan which can be changed and adapted as situations change, knowledge improves, experience is gained, etc. 
×
×