seildev

BTC/USD CORRECTION OVER?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hi Seildev here,

Lately I've been getting a lot of messages regarding this pair asking what 'time' and by which 'date' will BTC value be at 'x' amount. I for one am a normal human being like you that doesn't have a crystal ball that tells me exactly which date BTC price will be tomorrow or the day after. However I can make an educated guess where the prices are projected to and what pull-back we will be experiencing for the price action to be projected to 'x' mark. I am not a cycle trader by time. I know there are a lot of veterans out there who can time swing highs and swing lows in charts however that is not my strengths.

I'm also baffled by comments that that BTC may crash by 80~90% of its value after BTC reaches 20k. Is there a possibility? Sure. Is it a probability? Maybe not. We have seen high profile analyst regarding BTC that they kindly stay away from posting anything negative about BTC . How are showing our skills and analytics have downvote and cause 'hate speech' in the comments section every time we post something about BTC pulling back? I for one agree with blasphemy comments regarding BTC losing 90% of its value after hitting 20k is ridiculous. However posting charts with 'healthy' pull-backs (and yes, that is BTC short in short-term) should be plausible for analyst to display facts to the public.

I'd like to comment something about adoption rate. Cars, phones, radio, TV, washing machine, Smartphone, Tablet to name the few are all new technology that we have adopted to our everyday lives. These items that are household staples (to the fortunate) have had 'x' time for one to accept and adopt the technology into every day use principles. Bitcoins right now have been adopted less than 1% usage world wide. This is just my opinion and intake of this decentralised and blockchain technology that it will be adopted worldwide in many years to come however the million dollar question is are we at the right time to flourish this technology. I am bullish on this technology and Bitcoin has been the 'father' coin that no 'cashening' or 'flippening' has been able to overtake. I understand the better use of 'cost' and 'time' with many other coins however we've all seen how BTC lead the way in marketshare in this technology.

As I have shown on the charts yesterday, I am still bullish to 23k taget. Doesn't matter which way we get there, to the road less taken or not we will be at 23K. Targets remain the same as shown on the chart.

Please feel free to butcher me in the comments section or PM me if you have any questions.

As always, trade with a plan and safe trading.

Seildev
Hi thanks. I have a question. I have Bitcoin in my bag, but I do not know if I'll turn it into ether or the rest. What do you think about this? Do i keep bitcoin
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