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Bitcoin

By: Decomposed in 6TH POPE | Recommend this post (0)
Mon, 20 Dec 21 8:40 AM | 39 view(s)
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Why buy bitcoin? It's because bitcoin is in a trading channel that should close in on $75,000 in one year. Personally, I think it will break out of the channel even sooner and to the upside, but even if it doesn't, a 61% return in about a year ain't bad.

But I don't recommend bitcoin. I recommend ethereum - which I think moves with bitcoin but with far more energy, particularly in the ascents. Bitcoin has a lot of flaws that they fixed when they invented ethereum. In the long run, it's the better digital currency. Ethereum is $3,857 right now.

Below, I've posted a 5-year bitcoin chart to which I've extended the horizontal axis and added annual tic marks. The orange lines show why it would be a good idea to buy now (bitcoin's price is near support) and where you might want to think about selling. - De)





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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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