EXCAVO

Bitcoin - Buy every bottom

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Hello dear traders
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 volume 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.

Technical analysis
We can see a clear up trend. And we are moving in this channel, below this channel I showed two trendlines 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
Trade active
Comment: Break out uptrend channel and touched trend line
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Comments

I don’t listen to anyone who’s using the word “moon”.
+16 Reply
@serhan, I gotta agree with this man on this
+2 Reply
@serhan, what about asteroid!?
Reply
Here is some facts about crypto and bitocin: Its expensive to send, and its slow. It can lose 100% of its value in 1-minute, there are no safe guards or "circuit breakers". It is not anonymous since all exchanges require extensive identification checks. Its not finite, it can fork 1,000,000 times. Bitcoin is worthless, it has no intrinsic value. It requires insane amounts of electricity to mine and transfer. But here is the absolute truth about crypto/bitcoin: The the only reason people even buy that worthless "asset", is because "investors" aka day-traders want more FIAT, amazing isn't it? You see, the hold argument falls flat on its face about "fiat is bad" when gaining more fiat is the entire goal of crypto trading. The problem is fiat right? Yet that's the VERY thing you want more of with Bitcoin. No one is rich in bitcoin, because there is no value to bitcoin. Bitcoin is a money grab, its worthless, with ZERO stability. By the time someone gets paid in BTC, it may have lost 20%. Idiotic "asset" to invest in. Also to clear it up, Bitcoin is NOT an asset, an asset is defined as "a useful or valuable thing, person, or quality" of which Bitcoin or crypto is neither of.
+11 Reply
EXCAVO WorldEconomics
@WorldEconomics, I do not agree with you
+14 Reply
@EXCAVO, - Doesn't matter if you agree. It's worthless and the only reason you are trading computer script is because you want more fiat. Period. Crypto is another Tulip Mania, Real Estate Bubble, and Dotcom Bubble. Its a get rich quick scheme, pulling in "expert" investors to stupidly throw fiat at it, in order to dump the worthless code on these investors. It's called an exchange for a reason. Its an exchange of wealth, some become wealthy, others lose everything on the get rich quick scheme. There is no value, in any way to crypto. Its digital fiat, which already exists. When you take out a loan, its created numbers aka digital money.
Reply
diegofnu WorldEconomics
@WorldEconomics, Here is some facts about FIAT money: Its expensive and slow to send overseas. It loses value year after year, there are too many artificial "safe guards" which only powerfull people can use of. It is not anonymous since all banks require extensive identification checks. Its not finite, goverments can print 1,000,000,000,000 times. FIAT is worthless, it has NO INTRINSIC value. It requires insane amounts of bureaucracy to wire and transfer. But here is the absolute truth about FIAT: The the only reason people even work for that worthless "asset", is because "investors" aka day-traders want more BITCOIN, amazing isn't it? You see, the stability argument falls flat on its face about "fiat is stable" when buying stuff is the entire goal of FIAT earning. The problem is CRYPTO right? Yet that's the VERY thing is going to help you buy stuff in the future. No one gets rich saving up FIAT, because it loses value if you dont spend it right away. CENTRAL BANKS are a money grab, FIAT its worthless, with ZERO stability. By the time someone retire on his FIAT savings, stuff costs 15x times more than when they were young. Idiotic "asset" to save in. Also to clear it up, a trustless, descentralized and secure Ledger is a very valuable asset, an asset is defined as "a useful or valuable thing, person, or quality" of which Bitcoin and crypto are technologically defined as far superior than its predecesors.
+12 Reply
@diegofnu, LMFAO! Enough said.
+1 Reply
@diegofnu, - Let me shed some more facts between the two:

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.
Reply
HouseTarly WorldEconomics
@WorldEconomics,
"It's expensive to send"

False
Litecoin - Extremely cheap transactions
BCH - Extremely cheap transactions
Monero - Cheap & private transactions

Nice try though.
+9 Reply
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