Home Bitcoin News Bitcoin (BTC) Price Trends FUD and about Keeping Early Investors Rich

Bitcoin (BTC) Price Trends FUD and about Keeping Early Investors Rich

Bitcoin

Michael Saylor expressed:  Only encrypt the money you can’t afford to lose. Bitcoin doesn’t care what you say as long as you spell the name right.

Community response:  Yes I agree with you on that and while you do that try out crypto trading, that’s also equally profitable and beneficial.

What happens if all the keys for Bitcoin are out there, which are encrypted are lost forever by people dying or another reason.  Does that mean bitcoin goes to 0 and we have to start over with Bitcoin #2? Answer:  It just becomes more scarce and more valuable. Assuming demand holds steady.

Do you think there is maybe just a chance, Bitcoin is way over priced? It doesn’t matter the supply, people simply may not want to pay these prices for it. If one person owns all the “coins” does that mean they can just demand any price? I don’t think so.

If China knew Saylor was tweeting on his own behalf, they’d be really offended and upset. It’s apparently a replicated dystopian control issue for them.

We’ve been spelling it right all this time during the dips. What happens when we spell it wrong.  Bitcoin doesn’t care what you say as long as you use a valid Bitcoin address.

The final Bitcoin sale is about to expire. Never again in history will you be able to exchange ever deflating paper fiat money for the most superior store of value in history. Bitcoin is LARGER than China.

FUD will come and fade away but crypto currency is here to stay.

Negative Response:  The fear among common people is Volatility. Major Concern for everyone is acceptance which is much easier across the world.  Bitcoin is going to trip up even the best of us at some point.  Good morning and RIP BTC. We don’t need to keep using old money just to keep early investors rich.

Michael Saylor urged everyone to mortgage their house to buy Bitcoin. Now, he is telling his followers to sell their altcoins and buy Bitcoin. He doesn’t care about you, he cares about the price of Bitcoin going up so that his bet with MicroStrategy works out.

Price Trends:  Those who are watching the technical indicators closely have different stories to tell.  Bitcoin is still respecting the 20-week SMA support at 40,700, bouncing off the bull market support band. I think once we break that 50k holder’s mark, its ATH after ATH from there.

If Bitcoin breaks above 44k with confirmed candle, it will continue to 46k, potentially $48k. If BTC is unable to break the resistance, it may go down to $40.3k, or retest $38k.

 

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dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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