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Re: Bitcoin

By: Zimbler0 in 6TH POPE | Recommend this post (0)
Tue, 21 Dec 21 4:48 AM | 32 view(s)
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Msg. 27764 of 60008
(This msg. is a reply to 27724 by Decomposed)

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Hmmmm . . . .

Way back in 1999 . . . I wonder how many dot.com
stocks looked a bit like that chart?

Zim.




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Mad Poet Strikes Again.


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The above is a reply to the following message:
Bitcoin
By: Decomposed
in 6TH POPE
Mon, 20 Dec 21 8:40 AM
Msg. 27724 of 60008

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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