Bitcoin Q & A

I’ve been blogging about Bitcoin on iBC since August 2016 when Bitcoin was trading at $586 and have been involved for much longer. I bought my first Bitcoin at $13. If you don’t know much about Bitcoin I recommend scrolling through my previous posts to get up to speed. Since Bitcoin is hitting the news everywhere I’m going to commit …

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Today is a good day to buy Bitcoin

Bitcoin just enjoyed a “selling climax”. Like most climaxes people are not thinking clearly post coitus. We are repeating Wyckoff cycles over and over. I believe the technical term is “Bitcoin is fractal like a motherfucker”. Link to live chart below where you can play forward the realtime data on tradingview.   And this chart is especially hilarious because the …

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Bitcoin: We haven’t seen anything yet

Bitcoin and the Cryptocurrency market are on fire. And it’s quite possible we haven’t seen anything yet. Here’s a two year chart. Look at the trendline. That trendline is the beginning of the trend noted below. We are moving from Innovators to Early Adopters.. Money is flowing in. Notice we will go vertical soon (late 2017 to 2018-ish) to fulfill on …

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When will Bitcoin reach $10,000?

Bitcoin will reach $10,000. But when? As of today, in the year of our lord 2017, several parties are battling it out for control of Bitcoin. Core Developers (the team that has current access to update Bitcoin code) has declined all requests for improvements to Bitcoin code. Result: Bitcoin has not evolved. Bitcoin Unlimited, SegWit etc. Groups that insist Bitcoin change code …

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Bitcoin D Day approaches

Bitcoin is facing it’s own Brexit. Here’s what you need to know. Similar to US Government, Bitcoin has three branches governing it: Developers (Legislative), Miners (Executive) and Users (Judicial). Legislative power: The Developers create new code (Laws). Executive power: Miners run the version of Bitcoin that is in the best interest of Miners. They can work with any party of …

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Dotcom 2.0: Cryptocurrencies in a bubble

Ethereum, DASH and Monero are the #2, #3 and #4 Cryptocurrencies by market cap behind Bitcoin. They are also in a huge bubble that’s been created the past few weeks. Here are some numbers: Ethereum: up 178% in 30 days DASH: up 350% in 30 days Monero: up 60% in 30 days     When Bitcoin is up the “alt …

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Bitcoin is back

Bitcoin shrugged off the SEC’s decision to deny the Bitcoin ETF. Bitcoin is now back to prices seen…earlier this month. The absolute horror. Bitcoin has been declared dead more times than Freddy, Jason and the T800 combined. 125 times in fact. Here is why the SEC really rejected Bitcoin. A few select quotes: The SEC doesn’t protect retail investors from anything, …

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Bitcoin ETF DENIED by SEC

UPDATE: ETF denied. Bitcoin dead cat bounced off $1,000. I think we’ll have a final capitulation spike down and then resume upward trajectory for rest of 2017. 4 years in the making and the entire ETF drama will be forgotten by next week. Bitcoin ETF denied. This is good for Bitcoin because….https://t.co/tmF0BZHvQG — En1gma (@ibcen1gma) March 10, 2017 —— The …

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$COIN ETF decision approaches

March 11 marks the day the SEC will hand down it’s decision on the Winklevoss backed Bitcoin ETF $COIN. Bitcoin has rallied on the rumor of approval and fresh capital hitting Bitcoin via an ETF. As a result, Bitcoin touched on all time highs. There are two numbers to crack for Bitcoin to be in uncharted territory: the Mt Gox …

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Bitcoin longs Ramsay Bolton’ed

The news about the PBOC investigating exchanges is verified true and is being blown into a FUD tornado, or FUDNADO, if you will. In a world full of FUD it’s no surprise. Filtering the noise…..the Exchanges are not Bitcoin any more than the S&P500 is Google. Nothing has changed about Bitcoin. Exchange regulation is a sign of Bitcoin’s increasing influence and …

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