How low will it go?

Some outlooks on current BTC situation. Most of these outcomes are based off a bullish outcome in current price. This could all shift at any point and turn even more bear.

If it breaks $3,800, then I wouldn't be surprised to see resistance around $3,975 and then hover around $4,275. $4,137 area seems tough too.

This should help us better understand the direction of the price once a break up or down happens. Will be interesting.

Update: Broke right out of that triangle and testing ceiling trendline. Had some resistance around 3,975 but broke through that as well- it's an area to keep an eye on here.

 

[adamrancher]

I really do not think it will. i think it will dip and fluctuate but will remain between 3-4k

 

[Cybex]

Dimon Knocks Bitcoin Again: Crackdown Likely on 'Worthless' Cryptocurrency - CoinDesk

"I am talking about the creation of money and value out of thin air," he continued. "Governments now look at it like it's a novelty but the bigger it gets the less of a novelty it becomes."

^ Truth. Man believes they can overrule God and ban trading with Gold and thereby create Fiat Currency to enslave the world. Call them the Government/Federal Reserve/etc basically the people who run the world and have all the guns/military/bombs/etc

Now we have randoms who want to do the same thing and want a share of the action so they do the same thing creating another Private Fiat Currency and call it Cryptocurrency. It was all well and find when it was used on the Dark Net only, hence calling it "crypto" now man wants it to become "Public". What do you think the big boys will do? WAR!!

Just as they invaded Afghanistan (Poppy currency-Heroin ), and barred Venezuela from food (Cocaineee Currency). Now you doubt they have the power to destroy this toy currency called "Cryptocurrency"? It will be worthless soon enough because we have a bunch of kids who think they can replace the government's power through money with their own. Crypto is basically when --> Trigger fingaz turn into Twitter Fingaz.. Sahhh

 

[Cybex]

Why do you guys even comment here? You discuss nothing besides bash my post. Nothing is being discussed or are you too dumb to put forth your own ideas? Crypto is not as definitive as a loaf of bread, it is subjective, hence the price. Its price is based on its demand. Grow a few braincells and put in your 2 cents.

 

[Cybex]

How is wine the same as bitcoin? Wine is a tangible asset, it serves a legitimate purpose which is to intoxicate, its not the same as orange or bleach. There is one purpose, you cant use it to clean your floors or wash your clothes; Bitcoin is neither tangible nor has a definitive purpose. But apparently to you bitcoin is an All in 1; Replace fiat currency/gold/darknet money/public money/ while at the same time remaining stable.

 

[adamrancher]

So what you are saying is BTC has no purpose.....? Im a bit lost by you thinking that.

If no one likes wine therefor no one will buy it? can you see where i am coming from yet?

 

[Cybex]

Thats not it works. People didnt say: we need an intoxicant so lets create something called wine. Wine was created and then they found its use. Bitcoin was created apparently through pre-meditation. Bro arguing with you is pointless.

 

[adamrancher]

you ask for a debate and you say no point talking to me...?

if you can not understand the basic concept of what im saying its your loss

 

[Cybex]

I didnt know there was a basic concept on something that isnt : 1. Tangible or 2. Definitive purpose 3. Has no moat.

 

[adamrancher]

so you have no idea about btc then well done mate turn off the internet

 

[Cybex]

Lmao Turn off the internet? If I could do that I would be the richest man in the world...

 

[adamrancher]

its called going to your router and pulling it out the wall do us all a favour

 

[Urbanic]

Not necessarily going to crash haha

 

bitcoin will crash and it's not a matter of when.

hi

 

[Atlas]

My bias towards BTC with my knowledge is that overall BTC isn't worth holding long-term. Now how long is long-term? I'd say more than 5 years. Fiat is being printed obliviously but that doesn't mean BTC is worth holding forever. Best of luck to those planning on holding it forever or are unable to cash out. I see 10K+ next 1-3 years then a crash. This is just my prediction, so don't take me seriously.

 

[Sugar]

Agree to disagree, considering the stability and the uprise/no tax.. i wouldnt be so narrow minded.

 

[Belumoth]

hi

uMad?