FritzWagner
Long

#Bitcoin #Long #TA & #Fundamental @Bitdharma

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
This charts show how reversal is imminent, it could happend any moment.

T.A. tells that uptrend stop by triangle or lateral will continue uptrend, also the Bitcoin is like in the middle of the big channel, it has momentum to get to the resistance line of the channel.

Also, there is market manipulation, to get more Bitcoins cheaper, the big players has more information than us, but we have some... and this is fundamental:

- Bitcoin -0.48% get from 10$ to 1000$ in one year when there was only 8 Million printed/created/on circulation, and 2,5 Million where printed in that time.

There was a fall to 100$ price, because the market was to young and not to many people adopted.

- By now the world knows Bitcoins are real, there is no scam, and they can use as money all around the globe. Internet Money, with everything on internet right now. It is the more efficient way to send money right now.

- There is much lets Bitcoins printed, and much more people want them.
The last year only 800k were printed, 1/3 printed from 2012 to 2013 the year we rise from 10$ to 1000$. 2018 we will print like 630k, 1/4 printed on 2012. So we have a potencial of no less than *100 of the price, if we repeat the history.

If we had the same speculation we could get from 6k to 600k $ in just one year, or more because of the amount printed by now. Im assuming that the same speculation would not happend again, there is to much players by now.

- The number of transactions was between 5k to 50k per day from 2012 to 2013,
by now we have 160k to 350k transactions per day, the global adoption is taking place.

- The numer of Bitcoins -0.48% sended per day was about 300k by 2012, right now it is like 1M but there has been days in between with 20M transfered

This is more than 2.000.000.000,00 USD per day almoust the volume of American Express 0.01%



Circulating Supply Chart: https://blockchain.info/es/charts/total-...

Number of transactions per day: https://blockchain.info/es/charts/n-tran...

Quantity transfered per day: https://blockchain.info/es/charts/output...

Actual Financial System vs Bitcoin: https://i.redditmedia.com/ZaZccnaDKps3WY...

Bitcoin -0.48% vs Visa Electrical Consumption: https://hackernoon.com/the-bitcoin-vs-vi...

Bitcoin -0.48% on the road for all the transaction market: https://s3-us-west-2.amazonaws.com/go-me...
Comment: More charts here>

Comments

none of your previous long calls were correct. bias towards the bullrun. Bear is not finished. Dont get me wrong, im bullish long term but in the meantime we are still in a bear market with no sign of recovery. Mainly the appreciation of low volume is completely the opposite. Check XBT volume, shorts are in control.
+4 Reply
FritzWagner dvetencourt
@dvetencourt, I know. I do really believe that any time soon, any moment from now, will be bullish. All that i see give me that !
+1 Reply
fritz, I get it man, 100 k no way but lets try baby steps first . this market is on life support, i'm seeing serious drawdown. Big players like goldman can slice and dice this market any way they want, they can dilute it in other ways. also a bullish us dollar is not going to help it. looks to me like Gold and BTC are in lock step with each other. maybe when gold turns around
+1 Reply
FritzWagner TomPower
@TomPower, i do believe. I think any time soon this month will be a bullish rally.
+1 Reply
solid +1.
+1 Reply
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