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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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 — Coinspeak (@coinspeak_io) March 10, 2017 —— The …
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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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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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Tips hat to OA for his well timed Bitcoin sell. Excellent as usual. Now, for the rest of the Internet declaring Bitcoin is dead please review these other 120 obituaries written about Bitcoin going back to 2010. You see, Bitcoin is a Sewer Rat. Bitcoin has been declared dead and crawled out of the grave many times to continue to rise in value and …
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On December 7th with Bitcoin at ~$770 I posted you had your last chance to buy before a run to $1,000. Today Bitcoin hit $1,000. That’s ~25% return in less than 30 days. What now? Well, here’s a possible scenario: I don’t like the vertical upward trend. It’s too volatile, however the long term trend is the cup and handle. …
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Bitcoin is ready to explode. This is your last chance to get on board before we visit $1,000 and beyond. This vid starts with an ex FB exec redpilling the audience with Bitcoin. Then we have Richard Branson and a few other folks talk about Bitcoin. https://www.youtube.com/watch?v=fuH8tdQpWrU Chartporn: That is BTCUSD vs FANG. BTCUSD is cucking FANG. In fact, BTCUSD …
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India demonetization, Italy’s referendum as a precursor to leaving the Euro, Venezuela hyper-inflation, negative interest rates, the Euro and USD almost at parity. What’s it all mean? Last month’s prime example: India is putting their cow worshipping population under the boot and forcing them to open bank accounts so the Government can more efficiently rob their own people. And what’s the …
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On November 8th Indian Prime Minister Modi did something unusual: India’s government banned the use of Rs 500 (~$7.50) and Rs 1,000 ($15) banknotes. This pretty much made most currency-in-use illegal. Banks and ATMs are closed today. The government believes that doing this will help eradicate corruption and push counterfeit money out of circulation. The hidden intention is to also …
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Since I posted about Bitcoin in August at $575 it has moved to $750 and is currently resting at ~$710. Bitcoin is in a $20 trading range the past 48 hours. Ain’t nobody got time for that. Bitcoin is going to move soon and it could be big. Bitcoin doesn’t give a shit about China Yuan devaluation, the price of Oil, …
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Coinspeak Technical and Fundamental Market Analysis