Probably everyone has already realized that Bitcoin is aiming the moon.
I am a person who trades on trend and recommend it to you too.
You can shout a lot that bitcoin will end and it will soon go to the bottom, but judging by the analysis of cycles, Bitcoin will reach the bottom maybe in 3-4 years. The bull market is just at the beginning.
And each drawdown as it was yesterday is an opportunity to buy bitcoin cheaper.
The capitalization of the market is growing, the of trading is growing, stablecoins is getting bigger.
Countries are increasingly talking about cryptocurrencies. In general, the industry is developing and everything is still in front. No one is going to die, but only those who say that you are going to the bottom. At the bottom you will stay.
Of course, I don’t want to be so optimistic to say that we are going for $ 1 million, but if you think about it, any good news about cryptocurrency strengthens the opinion in people’s mind that cryptocurrency is a reality that cannot be avoided and moreover cryptocurrency has to be adopted.
We can see a clear up trend. And we are moving in this channel, below this channel I showed two coloured in blue. This is the maximum to which we can fall and after that we go up inevitable.
At the top we have a strong Fibonacci level of 38.2 at $9,500
If we break it (I have no doubt about it) we will reach the next psychological level of 10k which if we break it we will go to the next level 50% 11500
Best regards, EXCAVO
1) Bitcoin lost 10% in one day, fiat can lose between 0.3%-1%.. yet maintains stability. Fiat has been VERY stable when compared to Bitcoin. If fiat is to crash, red flags seen long before it fails where as bitcoin can crash instantaneously, without reason, without any securities or cushions.
2) Bitcoin during the 2017 spike cost as much to send fiat with SWIFT, while taking 24-48 hours. No advantage there.
3) Both fiat and crypto share the same attributes: Not anonymous nor finite. Again, no advantage there.
You didn't prove anything in your entire statement. Lets talk facts here, and the facts remain that:
If you want to buy something from private party, with Bitcoin, you can't, with cash you can. The seller knows that fiat will be worth the same amount. Bitcoin, the seller will wait anywhere from 10-20 hours, within that time, it can drop 10% as it did today. So, your statement that fiat isn't stable proves you have no idea about either crypto nor fiat.
"It's expensive to send"
Litecoin - Extremely cheap transactions
BCH - Extremely cheap transactions
Monero - Cheap & private transactions
Nice try though.