Twitter: the Only Thing a Person Can Truly Own Is Bitcoin

Yesterday, the whole world congratulated Bitcoin with its anniversary, the twitter community wished the most popular crypto only one thing — growth. Let’s remember how it was and join the congratulations

It may be geins for some people, but for humanity it is just idiotic. At the moment, probably 0,5% of the electricity consumed (& produced) in the world is used for mining cybermoney, and it creates enormous amounts of internet traffic. There is better ways to use these resources.

  • @real_vijay: ‘When the Bitcoin network launched in 2009, very few people understood its significance. Today, ten years later, Bitcoin's market capitalization stands at over 100 billion dollars.
    The great Hal Finney RIP, the first person to receive bitcoins from Satoshi, grokked its import:’
  • @simondlr: ‘Happy birthday Bitcoin!’
  • @francispouliot_: ‘The email thread started 10 years ago by Satoshi's introducing Bitcoin to his fellow cypherpunks is mind-blowing.
    Fixed supply (gold standard), off-chain scaling discussed within 10 days. Surreal foresight.’
  • @dstadulis: ‘Roger can secretly re-long or re-short
    Certainly but they're limited to their available capital and suffer other opportunity costs.  An alternative bet: 'How many puts will you write to insure the price of bcash'? You want to force your opponent to be harmed if they're wrong.’
  • @medicicrypto: ‘Once expected asteroid prospecting by early 2020s, now bought by Consensys..’

Bitcoin

BTC
Price
8,050 USD 9.69%
Volume, 24h
5,221,781,537 USD
31.46%
Marketcap
141,446,273,139 USD
57%
Emission
84%

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Analyst: Crypto Markets May Be Gearing Up for Massive Surge as Bitcoin Continues Climbing

Bitcoin has been on the up-and-up for several weeks and is now once again nearing the $8,000 region despite facing increased selling pressure earlier this week. Despite BTC’s upwards momentum, the aggregated crypto markets have generally failed to outperform Bitcoin since it first began surging. Regardless, one analyst is now expressing the belief that altcoins are currently gearing up for a major move upwards that may be sparked by Bitcoin consolidating. Crypto Markets Climb as Bitcoin Nears Key $8,000 Level  At the time of writing, Bitcoin is trading up over 8% at its current price of $7,960, which has led most major altcoins to climb as well. Currently, Ethereum is trading up just under 7% at its current price of $255, XRP is up nearly 8% at its current price of $0.40, and Bitcoin Cash is up a whopping 13% at its current price of $410. Although today has been positive for the aggregated crypto markets, while looking at a 90-day time frame, Bitcoin is up nearly 100%, while Ethereum is up 72%, and XRP is up a mere 20.5%. While taking this into consideration, it becomes apparent that altcoins have significantly further room to surge in the near future, which may occur when Bitcoin’s price finds greater stability and begins forming a consolidation pattern. The Cryptomist, a popular cryptocurrency analyst on Twitter, discussed this possibility in a recent tweet, explaining that a big movement for altcoins may occur towards the end of this month. “$BTC Flagged form on 4hr timeframe. I expect this to be broken by the end of the month, so approx 29th May. Support low as 7.2, resistance high as 8080 regions. If btc stays within this pennant until the end of the month, then I expect ALTS TO MAKE A RUN!” She explained in a recent tweet. $Btc Flagged form on 4hr timeframeI expect this to be broken by the end of the month, so approx 29th MaySupport low as 7.2, resistance high as 8080 regions. If btc stays within this pennant until the end of the month, then I expect ……ALTS TO MAKE A RUN! pic.twitter.com/sSydnkzgim — The Cryptomist (@TheCryptomist) May 19, 2019 Analyst: Ethereum May Surge in Coming Days Although the aggregated crypto markets may take a couple of weeks to incur any significant upwards momentum, Ethereum may be gearing up for a surge in the next couple of days. The Cryptomist also discussed this in a recent tweet, explaining that she thinks ETH may experience some upwards momentum before the 21st of this month. “$ETH Not too dissimilar to BTC however, we are within the 2hr timeframe. RSI pennant also aligns with this candle pennant. Expecting significant movement before the 21st, which could see the push with alts. Resistance upon 258 region,” she explained. $Eth Not too dissimilar to BTC however, we are within the 2hr timeframe RSI pennant also aligns with this candle pennant. Expecting significant movement before the 21st, which could see the push with alts. Resistance upon 258 region pic.twitter.com/pce84i0ms8 — The Cryptomist (@TheCryptomist) May 19, 2019 Depending on how Bitcoin reacts to the lower-$8,000 region, it is likely that traders and analysts will gain a better understanding of where the general crypto markets are heading next. Featured image from Shutterstock. Analyst: Crypto Markets May Be Gearing Up for Massive Surge as Bitcoin Continues Climbing was last modified: May 19th, 2019 by Cole PetersenThe post Analyst: Crypto Markets May Be Gearing Up for Massive Surge as Bitcoin Continues Climbing appeared first on NewsBTC.
NewsBTC

Bitcoin Bounces To $8,100, Yet Analysts See Potential For Healthy Pullback

No one expected what Bitcoin (BTC) did in the past 24 hours. According to Messari’s OnChainFX, the leading cryptocurrency is up 9% in the past 24 hours, finding itself at $7,950 after touching $8,100 earlier today. Altcoins have experienced similar gains, with most rising by nearly seven or eight percent. Related Reading: Bitcoin May Be Gearing Up for a Move to $10,000 as Upwards Momentum Continues While some have claimed that this move is decidedly bullish, especially considering the context of the seeming Bitstamp manipulation, some are fearful that this is just a precursor to one final drawdown. Bitcoin Could See A Pullback Josh Olszewicz, a leading technical analyst that frequently posts articles to Brave New Coin, suggests that the Ichimoku Cloud, a series of technical indicators meant to determine trends and key levels, is saying that Bitcoin is “insanely overbought”. He goes on to add the Cloud is “calling for $6,150, looking to the fact that one of the indicator’s leading lines, which acts as support in bull runs and resistance in bear trends, sits at that price level. Olszewicz also notes that the Relative Strength Index (RSI) reading on the one-day chart is at 90, which is well overbought, hinting that a move lower may be inbound. 1D $BTC – Cloud says this is insanely overbought & calling for 6150– VPVR likes 6400 – potential rising 3 methods aka bullish continuation– RSI = 90 at last high, if higher high, almost guarantees bear div– 10k is the next big lvl more in 2mrw's article for @bravenewcoin pic.twitter.com/95EWWa6xtP — Josh Olszewicz (@CarpeNoctom) May 19, 2019 He isn’t the first to have pointed to signs that BTC may soon see a reversal. Bravado’s lead analyst, Bitcoin Jack, recently noted that BTC has yet to break above the $8,400 resistance (signaling a local top), potentially setting the stage for a drawdown to $5,000. The Other Side Of The Equation Some, however, have drawn attention to signs that this ongoing move is bullish. Olszewicz notes that according to a textbook chart pattern, the fact that BTC fell for three days, then saw a massive reversal candle to the upside may hint at “bullish continuation”. What’s more, there isn’t much resistance from current levels, $8,000, to $10,000, giving credence to the theory that if BTC breaks above $8,400, another run-up would just be a matter of time. As Crypto Rand, a well-followed chartist on Twitter, explained on Sunday: “Bitcoin [is] heating up for $10,000”. Josh Rager, a representative of fledgling crypto exchange Level, explains that this recent rebound confirms that Bitcoin is looking strong. BTC has continued to see higher lows in the current consolidation pattern, preparing the crypto market for a continuation to the upside. $BTC – continues to look strong Higher lows forming with the current consolidation This consolidation looks like it is priming Bitcoin for continuation to the upside A bullish weekly close looks promising pic.twitter.com/PWTdVlioXd — Josh Rager (@Josh_Rager) May 19, 2019 On the side of fundamentals and sentiment, NewsBTC’s Joseph Young has noted that the simple fact that BTC rebounded to $8,000 is a confirmation that many investors are bullish. Featured Image from Shutterstock Bitcoin Bounces To $8,100, Yet Analysts See Potential For Healthy Pullback was last modified: May 19th, 2019 by Nick ChongThe post Bitcoin Bounces To $8,100, Yet Analysts See Potential For Healthy Pullback appeared first on NewsBTC.
NewsBTC

Is Bitcoin Overhead Resistance Futile?

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