Decentralised cryptocurrency – is no more than a fantasy at this point. Cash controls everything and cash is still The King. Linking to thus eliminating the hedge against the devaluation of fiat was a brilliant move. Do people still think price of / / is determined by the markets where physical bitcoin/ / is being delivered? Not a chance – paper markets RULE them all. Not only control – they control the ENTIRE market of other cryptos with it. Once could say – one day – the debt will spiral out of control and the Dollar might come to an end then the value of could significantly rise but until then – will remain on the bottom of Mariana Trench, side-waying until the hyperinflation of the Dollar or . Also, if people want to be worth more, they will need to create use cases where people actually need it – but with other, better, faster and cheaper alternatives – why do we need at all? Waste-less mining does not really solve anything – it only creates another billion Dollar problem. Chart is pretty much self explanatory – price will follow the , best to start scaling in long around 1000 – 1300 (strong range of interest / level of previous high) but I can also see the price retesting 800-900 levels. Expecting crazy bull traps just to kill late shorters and tease knife catchers. Keep an eye on those extreme levels 🙂
Published at Thu, 13 Dec 2018 20:41:08 +0000
