Bitcoin for the...! What were we talking about again?
Coiled spring, or just dead money?
That triangle is getting mighty tiny. So is that volume.
It had actually broken through the former upper trendline Oct 15, and then just proceeded to follow it downwards. Not exactly encouraging.
While I think the ideas behind public ledger / transaction confirmation are kind of interesting and novel, it has always been a "solution in search of a problem." Until global currencies start to melt down, I'll pass. And then, I'm not sure how you'd actually value it.
Mildly interested to see if we get a bang or a whimper out of this triangle, though.
That triangle is getting mighty tiny. So is that volume.
It had actually broken through the former upper trendline Oct 15, and then just proceeded to follow it downwards. Not exactly encouraging.
While I think the ideas behind public ledger / transaction confirmation are kind of interesting and novel, it has always been a "solution in search of a problem." Until global currencies start to melt down, I'll pass. And then, I'm not sure how you'd actually value it.
Mildly interested to see if we get a bang or a whimper out of this triangle, though.
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