WinstonWolfe
Short

$500 BTCUSD by the end of 2018?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Standard bubble chart patterns indicate by the end of 2018 you'll see BTCUSD             trading at around $500.
Bitcoin short still developing lower. If I had the stomach for spread betting or shorting the futures I would have made tonnes of money.
Reply
Away with your FUD :P
Reply
Doubt it,
it costs circa $6k to mine one Bitcoin.
Cant really see it dropping below its production costs.
Reply
tomwareham AlphaWolf-Prime
@AlphaWolf-Prime, Strange assumption, many assets fall below cost of production, just means it's no longer efficient or cost-effective to produce/mine anymore.
Reply
@tomwareham, Fair point my friend.
However, in its entire history this has happened only once, and that was following the MtGox episode where 1/5 of the circulating bitcoins were stolen and dumped onto the exchange on sync, causing a price crash and a lengthy shutdown of trading + investigations and seizure by authorities + weakened sentiment that followed for 16months. Can hardly call that normal market activity!

There may be a correction (long needing a bear market). But certainly doubt it'd drop that far down.


Reply
Or, it is just the first wave completed and went into a complex correction...
Reply
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out