The 100 m/a is about to cross over the 200 m/a. As predicted.
We are overbought.. yellow uptrend, but I would not bet on any big down move. We certainly could use a 50K consolidation but this thing has a mind of it's own.
It will not take much, despite this overbought, to pop over 65k into a new all time high.
You see when someone will pay 6.6 million for a trading card... anything can happen. 1. Honus Wagner T206 SGC 3 $6.6 Million
blueboy356886
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@greenpasture936 they might short the crap out of it like WallStreet does to stocks driving it down to oblivion.
greenpasture936
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@blueboy356886, except I always keep in mind, only 19.5 % of the outstanding shares are being traded, The rest are in diamond hands. That is why we do not see much more than 10-20k moves either way. We are a long ways above the 100 and 200 moving averages. So back to the green 50 would be healthy.. never know
blueboy356886
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@greenpasture936, Digital money in all its forms is inherently flawed, as is Bitcoin. Its day will end eventually like all man made creations. BUT, maybe not in our lifetime, lets see. This Ponzi Bitcoin is just as evil as paper money.
greenpasture936
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@blueboy356886, Evil? And printing tons of paper money is not? At least bitcoin has a limit. Likely why so many hate it. Only 3,192,600 left to mine. Only 3.7 million being traded..rest in diamond hands. 97% will be mined by 2030 The rest to be mined by 2140.. Your right..we will be long gone. But still may be around when the US dollar is buried.
blueboy356886
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@greenpasture936, Schiff is right, Bitcoin is simply an artificial imitation of Gold, as is Paper money. It's not to say that, there can not be enthusiasm for a time, from which is the reason I am trading it. BUT, in no way do I become attached to it as if it is something it is not, it's not real, it's as fake as paper money.
You see when someone will pay 6.6 million for a trading card... anything can happen.
1. Honus Wagner T206 SGC 3 $6.6 Million