Sold of My Entire Bullion Collection In Order To Purchase BitCoins

Before I'd say that was what's up, I'd double-check for a technique error.

 

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Whenever Goldcollector post, I get a visual of Uncle Leo. Not sure why.

 

Jerry, HELLO!! lol

 

South Korea discusses to not allow BitCoin trading.
1 Bitcoin equals
13400.00 US Dollar

 

That would be a huge hit if they dropped it

 

Bitcoin price seems to have hit a plateau.

 

Jus' sayin', the graph shapes ARE looking eerily similar.

 

I won’t predict what that chart means for Bitcoin, but it has been applicable in the past to all asset classes.

 

And you thought bubbles were spherical...

 

1 Bitcoin equals
13872.99 US Dollar
While it appears to have stalled, this is my feeling. While I personally believe BitCoin is worthless, I think the value is going higher.
While it has stalled (or plateaued as V. Kurt has said) the reason I think it is going higher is the irrational way that prices move on securities. As soon as it starts going again, everyone who is on the sidelines watching what is happening, is going to jump back in driving the price higher.
Using the stock market as an example. It should be valued/ built on fundamentals. Earnings, etc. But it isn't. The stocks go up on news, and the stocks go down when people panic sell because prices are going down.
The same irrational phenomenon will happen with this. Either some good news will spike the price, or once people get off the sidelines and start buying again the prices will go back up.
During the day that South Korea said they are considering to not allow trading in BC, the price went down on that news. No fundamentals drove it down, just the possibility of bad news. The same thing will drive it back up.

 

Pretty sure Bitcoin came out of "stealth phase" long before the left edge of that chart.

Want to see a couple of other "eerily similar" charts?





If you want to heap scorn on "technical analysis" (as I do), you can't turn around and point to "chart similarities" as an indicator of what's to come. Just sayin'.

 

1 Bitcoin equals
12050.39 US Dollar
PBoC Official Calls for Wider Ban on Chinese Crypto Trading

 

$11,433.65

 

1 Bitcoin equals
11662.05 US Dollar
Someone is getting burned on this.

 

Two of the 5 biggest markets talking banning or restrictions in a short period of time = price crash

 

Have read quite a few stories lately about “big money” shorting bitcoin heavily. Although I’m not a bitcoin expert by any means, such a scenario with a stock often means real bad price trouble.

 

It momentarily went UNDER $11K, but bounced off it. It's flirting with it again.

 

$10,407.57 As I type, down 23%. Ouch. My twenty dollars invested in Bitcoin is not bothering me.,, lol.

 

Wow
1 Bitcoin equals
10515.22 US Dollar

 

If China does actually crack down on it instead of just talking about it you can go ahead and move the decimal point at least two spots left