Bitcoin Price: More Room to the Downside?

30 Comments

1. LedgerX $100'000 Bitcoin Option: https://www.bloomberg.com/news/articles/2019-07-16/anybody-can-now-bet-on-bitcoin-100-000-with-new-call-options
   Senate vs. Facebook Hearing: https://www.youtube.com/watch?v=ZJ0GmnfPyzw

2. 38%

3. The correction seems to be almost completed and we may very well have seen the dip already but it must be noted that no one can for sure say exactly where the correction took place until it has actually happened. What that implies is that there is never a better time to start piling up the coins even though logically, those who bought at say $3,800 seem to be at advantage. A level playing ground exists in trading as it presents a quicker way to turn in more coins without having to buy more. Learn to trade and do this or for a safer investment, it's best to find a successful trader that gives out signals and then, copy them. Nyberg Hansson is one of such example and in trading with his guidance, i grew 3btc to 7btc in 3 weeks. There are several service providers to choose from but Nyberg Hansson strategy and signals is the most accurate and easy to use from my experience and he can be reached on nyberghansson@gmail. com and WhatsApp +447723292381 for instruction on how to be a better investor/trader.

4. That's where traders get massive profit thought

5. Isn't that the same government who forces Facebook to hand over user information?
   And now they act like Facebook is unreliable with users data?
   The government needs Facebook to spy on us…

6. BTC to USD100k in Dec 2019.

7. Excellent information. I like it.

8. Therapy session with sunny 🙂

9. sunny is shitting a brick

10. Doenst all these negative attention of usa towards libra works bearish for btc?

11. Like always great contest.

12. I refuse to take advice from a grown ass man who still wears Hollister

13. Why are you still comparing 2019 to 2017. We are in 2015 right now. Before the halving.

14. LOL when I heard the senator speak I thought someone was doing a silly voiceover

15. Is your .zil name your wallet address callaway.zil

16. Bitcoin was mentioned. MS.Demirors was excellent 🙂

17. SUNNY What Video editing software you use?

18. Im sorry, but if you think FB didnt see this coming is kind of ridiculous. These are all very smart people and a lot of money has been invested. I am by no means pro-libra, but be sure they knew this was coming and have planned accordingly.

19. GO . S U N N Y ! ! ! ! ! ! check it . https://www.youtube.com/watch?v=9-ZTkCNW0w8

20. more volume going down than the volume used going up means a lot tho
    and im pretty sure sentiment hasent changed unless ppl with shit loads of money fomod for bakkt lol
    which is prolly not the case

21. great news sunny. thanks!

22. 4:55 Close your eyes and listen, he sounds like Alex Jones. Lol

23. Who remember sunny sold EVERYTHING yesterday?? Now everything going back up? Hahaha he sold at the bottom ???

    Ltc is a beast today! And everyone are going to suck this coin again ?

24. Hey retail suckers, how long do You gonna let yourself get rekt?

25. 4 digit BTC time to buy more

26. what coin is green? XRP hhhhhhhhhhh

27. Very disappointed to here that you sold your altcoins

28. Hi Sunny. I cannot find an email address so I have posted here what I see as critical questions I would love popular Bitcoin/Crypto youtubers to answer. I have sent or am in the process of sending the same questions to MMcryppto, Crypto Kirby and others. I dont mind admitting I am not an expert like yourself, but am a holder. Nothing wrong with that. So, my questions are probably not technically advanced (or grammatically correct given my nationality) but hopefully you get the gist;

    1. Forecasting
    There is a suggestion either directly or indirectly from a number of ‘Bitcoin youtubers’ that Bitcoin has a high probability of reaching ‘astronomical’ levels ranging from $20k to even $5m each.
    Basic market economics would suggest that if investors, either individuals or institutions, had the same outlook, this sentiment would already be baked into the price, and the price would already be close to those levels. Therefore investors and potential investors don’t share those views. If they did, they would be willing to purchase Bitcoin for much higher prices right now. TRUE or FALSE?

    2
    . Parabolic Cycles
    There is a suggestion either directly or indirectly from a number of ‘Bitcoin youtubers’ that Bitcoin will experience a similar parabolic wave as experienced in Q4 2017 and other periods in Bitcoin history.

    Historic price movements have no bearing on future price movements other than perhaps influencing some investors to hold their bitcoin in the hope another parabolic move will occur to the scales seen historically. The price could just as easily settle back down to $1000 and stay in that vicinity. We have historically seen this boom and bust cycle, where the bust cycle is indefinite with other commodities that have seen parabolic rises. TRUE or FALSE?

    3
    . Whale manipulation
    There is a lot of talk by ‘Bitcoin Youtubers’ about ‘Whales’ manipulating the price of Bitcoin when in fact little evidence of this has been presented. There is no tangible evidence whether this is simply holders of bitcoin with large balances cashing out or investors buying large balances. There could be zero market manipulation. TRUE or FALSE?

    4
    . Bitcoin is a commodity not a currency
    In Bitcoin’s early days, it was viewed as a potential alternative currency. For example, to buy a pizza, or send Bitcoin to a friend as a gift. Whilst this can be done practically, Bitcoin has failed to be adopted by the mainstream as an alternative currency, and is simply something which investors are speculating on. Bitcoin has little practical value other than as a speculative commodity and in fact will never be adopted mainstream as a form of currency. TRUE or FALSE?

    5
    . Bitcoin is in competition to fiat
    The argument that Bitcoin could replace fiat is nonsense. The entry into Bitcoin if a new investor wants to purchase some Bitcoin is by transferring fiat into Coinbase or similar website and making a purchase. Therefore fiat is needed to purchase Bitcoin. If there was no way of purchasing Bitcoin with fiat the price of Bitcoin would be at a fraction of the current price therefore Bitcoin is dependent on the very thing it is purporting to replace. If hyperinflation kicked in, new investors would still need that fiat to purchase bitcoin. TRUE or FALSE?

    6
    . The majority or alt coins are significantly overpriced compared to their functional or inherent value
    The sentiment during the alt coin boom of Q4 2017 and into early 2018 was that block chain technologies would revolutionize our daily lives. Many alt coins published their vision for the future. In reality, very little of that vision has been realised. Has XRP delivered its vision? Has Tron delivered its vision? Is the Utopian vision for the top alts already priced in, against a backdrop of failure against that Utopian vision? TRUE OR FALSE?

29. It is a sunny morning here in Florida and thank you Sunny for bringing a good news this morning!?????

30. Long time fan, SD. Watch every day and like most days. A very good video. Thanks for being the voice of sanity and reason in this crazy cryptocurrency arena.

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