bitcoin

The Crypto stock that’s better than GBTC

You have to love Crypto. Besides the real world Tom Clancy shit that is the backstory on Satoshi Nakomoto (to this day people hotly debate if Satoshi Nakomoto is Craig Wright, or was Hal Finney or Dave Kleiman. By the way, 2 of these 3 gentlemen are dead) you have characters like John McAfee of McAfee Antivirus and killing your neighbor …

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Rally caps on: Bitcoin correction is OVER

Yesterday I entertained Bitcoin Bears with forecasts of doom for Bitcoin and a correction to $1,400. Today I am here to tell you that the correction is over! I hope you got your cheap Bitcoins at $2,200. Barring any further detours, Bitcoin has reset it’s course to $10,000. For perspective, the move from $3,000 to ~$2,200 is a correction inside …

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Bitcoin downside target: $1400

Putting a target on anything is a fool’s game. Well, I’m your Huckleberry. A daily chart of Bitcoin with a fib retracement of 61.8% is ~$1400. I’d say we’re 50/50 to see $1700 price by August 1st and we’ll overshoot it to touch $1400. However, much like baseball, there’s no crying in Bitcoin. You either believe Bitcoin is a game …

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Dennis Rodman saves the World (sponsored by PotCoin)

Dennis Rodman is headed to North Korea to set himself up for a Nobel Peace Prize by smokin’ sweet Ganja with Kim Jong Un. Sponsoring the whole event is PotCoin, a digital cryptocurrency created solely for buying and selling cannabis. PotCoin (POT) is a decentralised, open-source cryptocurrency forked from Litecoin in January 2014. It was created with the goal of becoming …

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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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