Tag Bitcoin

Posts: 7

Bitcoin Is Alive Again

Bitcoin has blown past $12,000 / coin (almost $13,000) today and it's likely to continue before a small pullback. There's still room to run because the general public is starting to become aware of it again. Once that happens, the price will likely break $20,000 again. How do I know? Because my neighbor asked me about blockchain and Bitcoin last week. She wanted to know if blockchain and Bitcoin will replace traditional banking.

Bitcoin, 6/26/2019

I have no way of knowing if Bitcoin or other 'alt-coins' will replace traditional banking but I do suspect that we'll see a cryptocurrency replace a country's fiat money one day. That'll happen when that fiat currency collapses and the central bank can find a cryptocurrency THEY can control. I just don't know where and when it will happen, but it's a high probability that this will happen.

What I do know is that there's a lot of BullShit in our economy right now. Monetary policy just pushes air into assets and there's plenty of smoke and mirrors coming with the 2020 elections. It's hard to figure out what the real stuff is. Even the Gold and Silver markets are manipulated by the big banks!

Maybe the right answer is Bitcoin, a currency beyond the manipulation of the few.


Bitcoin is not Dead!

According to Howard Bitcoin is not dead. I agree with him that price is a big indicator of where things are going but I can't help but wonder that this sudden uptick in cryptocurrency jobs is just a lag effect from when Bitcoin was $19,000.

I know people on both sides of the Bitcoin/blockchain fence. The risk takers tend to be long Bitcoin whereas the lower risk folks tend to think it's a sham.

That, right there folks, is a market. The Bulls and Bears in our daily life.


Bitcoin IS in a Bubble

Precisely for what this guy is writing about.

Bitcoin is not a bubble, contrary to the dishonest and non-factual claims of bank executives. There was a bubble in Bitcoin in 2013 when the demand for Bitcoin rose to a point where the market could no longer support it and the Bitcoin price crashed from $1,300 to $200. But, it is not accurate to call Bitcoin itself a bubble, the same way it is not accurate to describe Amazon or Tesla a bubble. via Coin Telegraph

This reminds me of the DotCom and Real Estate boom with everyone saying that "this time it's different."


Google Trends for Gold and Bitcoin

It appears that the search 'Gold' is more popular than 'Bitcoin.' Only time will tell if this remains the same.