Why Is Bitcoin Likely To Drop?…New Whale #2 Spot On Bitcoin Rich List! [Crypto News]

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Let’s take a look at what's keeping Bitcoin Down | Market Analysis | Bitcoin Rich List | #2 Whale Unit-e Altcoin| United Nations Reports | Wyoming Introduces Bill To Define Crypto As Money |

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Sources:
Wyoming Introduces a Bill Aiming to Define Virtual Currencies as Money
https://cointelegraph.com/news/wyoming-introduces-a-bill-aiming-to-define-virtual-currencies-as-money

Scientists from MIT, Berkley and Stanford Designing an Improved Bitcoin
https://toshitimes.com/scientists-from-mit-berkley-and-stanford-designing-an-improved-bitcoin/

United Nations Calls Bitcoin and Crypto ‘New Frontier’ in Finance, Explores Ripple and IOTA Technologies

United Nations Calls Bitcoin and Crypto ‘New Frontier’ in Finance, Explores Ripple and IOTA Technologies

Bitcoin Rich List
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

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BTC: 3LUxeEs5E2BdGujmdpuYduPgjCeBcHdvkC

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Why Is Bitcoin Likely To Drop?…New Whale #2 Spot On Bitcoin Rich List! [Crypto News]

55 comments

  1. I understand that many investors got involved at the wrong time and have losses over the past year, but why wouldn’t anyone and everyone want the price to plummet even further before the obvious spike that will come in the next 1-3 years? Wouldn’t this be the best time to buy more BTC? That is if you are a true believer in the technology.

  2. A good analysis, i concur with the lower retest for a short period at least. On a side note can you please give me your correct name spelling Aaron? i dislike spelling someones name wrong. Lol Roger 😛

  3. Digital assets simply sound better and suitable for a 3 trillion dollar market cap in 3 to 5 years. At that time, Bitcoin will be 80% consumed and XRP (not ripple) idiot’s…

  4. +Altcoin Daily Awesome, i see a couple ways to spell this now, i feel good again without insulting you 🙂

  5. Reasons to be Bullish? Its been a 400 days bear market and, longest ever (2014-2015) was 410 (are we worse than in MT Gox times now?). Then, I tend to believe we ve had a 365 days bear market, low at 3150 on dec 15th; we ve had a 84% dawdown and, 2014-2015, 87%; Bakkt is coming; Lightning Network growing 15/20% per month; 200 week simple moving average= 3290 and Its never been broken since “inception”, in early 2011 (falsely broken for few days, actually).

  6. Btc production costs rising to 6400 in a few month. Btc price will follow.
    This is enevetable.
    The charts follow the production costs and not the other way around 🙂

  7. Also: futures market under stong curve inversion (backwardation). June contract is trading 140 dolars under Spot price at Bitmex and also OKex (who cares CBOE and CME microscopic markets? lol) ; March contract is trading ath -13% funding rate and normal long term funding rate is around +11% -we know from books that 30 days continuous backwardation, USUALLY, results in market going upwards…

  8. I got in last December and have made mistakes also but I believe in this technology and I’m a hodler for life. 😉

  9. If you look at the BTC/USD chart for Bitfinex, (which has a longer history of data) the 200 week EMA is actually just above current price levels acting as resistance

  10. Although BTC is decentralized, most of it is in China. This allows the Chinese govt to influence bitcoin.

  11. +Dr. Ho Lee Phuk Pros of Litecoin

    Litecoin is an open source project, which means that it has the capability and flexibility to implement relevant and useful tech improvements, such as SegWit and the lightning network. In that matter, it is an improved Bitcoin version, which is logical since it was a fork of it.
    It is considerably faster than Bitcoin, completing transactions in an average of 2.5 minutes, compared to the 10 minutes it takes to perform a similar operation in the latter.
    It represents a cheaper option for people looking to perform transactions, with an almost zero transaction fee compared to Bitcoin.
    The process of mining can be more straightforward on Litecoin than in Bitcoin (although that concept is debatable,) since it uses the new Proof of Work algorithm.
    It was created by a former Google employee, which brings a sense of reliability and trustworthiness to the equation.
    It has a less “toxic” community since it doesn’t quite have the reach of Bitcoin.
    It is considerably less volatile during market crashes or corrections than some of its peers.
    The developers and founders have shown excellent leadership skills throughout time: Charlie Lee left Coinbase as the head of engineering with the intention of focusing full-time on the Litecoin project.
    There are atomic swaps between LTC/BTC.
    The presence of the Lightning Network, a platform that fosters and promotes faster transactions.
    The 84M total supply.
    The market cap is very low if you compare Litecoin to other tokens at the top of the market.
    Chinese people are fond of it, which is an excellent marketing development since it represents the most significant pool of potential users.
    All hardware wallets support Litecoin.

  12. I don’t think you need to go over any coins in terms of their current price – anyone interested in the matter should be able to visit their favourite price aggregating site and hit F5 🙂

  13. Not sure…probably…they will launch eventually. And when that happens that will be a good thing for the next 10 years.

  14. The chinese are the new slaves. They make produce stuff like iPhones and BTC but its used and developed by the western world. They better get to work before we crack out that whip ya know what I’m sayin?

  15. Ya…mining is absolutely not centralized in China. This isn’t 2016. Majority of mining has moved to Canada and other places with cheap hydro power

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