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In this video we discuss the potential of Bitcoin breaking below key support at $3,000. We’ll talk about several scenarios that may lead to the all important Bitcoin support level being breached.
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We should all wait patiently for bitcoin to lower so we all benefit. If a lot of people buy around the same time the price will increase once again. The decline was mostly because of the ‘hype train’ surrounding bitcoin. Now the only people interested are truly the real investors. I feel as if it won’t go lower then 2500 but the lower the more I’ll buy. I’ll see you guys back here in 3 years when it’s 40k+
Accumulating BTC since 2012… Got in on the ground floor with LTC & TrX (for speed) iOST & ZIL (for scalability) NCASH & TNB (for resource buybacks and mining)… Just bought another 100,000,000 HOT, NPXS, DENT & BTT (for resource buybacks and mining FOR INFORMATION is knowledge and KNOWLEDGE is POWER) each @12 satoSHis… Invest with confidence and patience… They WILL ALL 100x – 1000x by 2020!! 😉 HODL
@10:45 Bitcoin has grown large but we also have to put things into perspective. The whole crypto marketcap is about 110B. Apple alone current market cap is about 800B from a slump from over 1T. Last year this time the US stock market alone was worth 30T.
This will drop until average joes like you and I go, “ I’ll invest, its cheap enough” once it hits a price that the majority are willing to pay itll skyrocket back up higher than its ever gone and anyone who believes in it and bought in at the low will be rewarded greatly. I don’t think that’ll happen till about 1500$ish for a majority of believers and more importantly NONbelievers to invest in it. Just my guess.
Short term stock market crash in not good for bitcoin. However a long term financial crisis and devaluation of the US dollar will be awesome for bitcoin. Venezuela is a perfect example.
common buy now
I am very interested to see how this plays out in a case of breaking lower. Or if world equities go into recession in the next year. I see that maybe btc could be considered a mild hedge, but people will run to tried amd true bread and butter USD. Then that will collapse and thats where btc might take off, however that is only after it has collapsed significantly and fallen along with everything else as people rush to security in USD, then realize its worthless.
Start drawing the 300 wma on your charts because that's likely where BTC is going to find support in this 3rd cycle; first cycle Jun 2010 to Oct 2011 found support at the 100 wma; 2nd cycle Oct 2011 to Jan 2015 BTC found support at the 200 wma; this 3rd cycle will likely find support at the 300 wma now about $2400 with a wick under.
What if all the people that could buy BTC have already and there is no one else to ever make a good bull run? lets face it BTC is hard as hell to buy. i've killed two credit cards and have had to switch bank accounts 3 times because banks don't like it.
Heya Jen. Interested to get your take on the XYO project and team. Curious if you know of anyone else in the space trying to accomplish their goal of being a location based smart contract blockchain and reward network. And if anyone is at their level given that they started as, and have, Bluetooth location hardware already developed, sold, and in use around the globe since 2012. Thanks for all your time and info.
?????? bitcoin is gone ??????
check this great news guys @t
BTC IS IN ITS OWN FINANCIAL CRISIS.
Nah, if it happens is going to be close to a flash crash to no lower than $2,500.
We are at the bottom, capitulation phase and almost no one sees it.
Suporte 3k >>>>>>> 6k.
I feel that the stock market will crash but the crash well but the crash well cause a heavy flow capital into the crypto market
Too long to buy the bottom. BTC below 3k, global economic crisis, gold and BTC to hedge losses, more crypto legislation and a new bull run. Crypto will help us all get out of the coming crisis.
That's just like, your opinion, man. <3000 is good for me- I'll buy and hodl.
Bitcoin will not drop below 3000 when everyone expects it to, more likely to crash from 3800 or above than from 3400, too many new perma bears right now waiting for the crash
If bitcoin is going to 50000$ who care about btc going under 3000$ just buy more bitcoin then…
All hope must be lost before the bulls can take over. The 200 will be broken.
What do you think about Bitcoin halving? Will it affect Bitcoin price in any way?
The S&P has formed a double top with a clear bearish divergence on the weekly RSI and is now in a complacency rally. Bear market.
Thanks ??
Im not expert. But I see a ABCDE pattern. Been on it a week it’s still it’s still valid. We got D at 3380 bitmex.. E looks to be 3500 but can go higher cuz it lines up staging a fake break out of the triangle. Like I said I’m no expert 🙂 i just x100 bitmex
Good luck people
heyyyyy jebb hows going up
If it drops below 3k, that will be fortunate for me. We need more fear to fuel the rocket ?
I buy BTC on linkkoin website. They have really fast service and helpful support.
If Bitcoin's fate is tied to the stock market then WHO NEEDS IT? Buy gold and silver.