Lechango
Long

Flipped bar projection. BTC looks to be trending up for now.

BTCCHINA:BTCCNY   Bitcoin / Chinese Yuan
152 1 1
BTC is getting some attention recently with the unfortunate events in Greece. I feel there should be some increasing demand for BTC over the course of the next few weeks as the situation unfolds and gets uglier.

I'll be looking to buy in the next few days to week around the 1550 cny             range,

I do fear, however, that while more pumpage in BTC/LTC from the current turmoil in the Eurozone is yet to unfold, BTC's capacity limits may be reached following any substantial new adoption. I'm not sure where on the timeline we will hit capacity, but I do know the scheduled block size increase fork is not to start rolling out until at least January of next year. I don't think we have that long.

As to what is going to happen to BTC when capacity is regularly hit, I'm not so sure. That is a discussion for another time.

TL; DR             Ride the pump while you can, get out before network capacity limits pop the bubble.
Killed it!
+1 Reply
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