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- If you purchased $100 of Bitcoin in 2010 you would be worth $75 000 000 now
- You couldve mined those bitcoins for free on your laptop (or at least for the cost of the electricity to power your laptop)
- A guy on a Bitcoin forum once spent 20 000 Bitcoins on a pizza as a joke - approx $45 000 000 in today's terms, thats an expensive Pizza
Dave I have only bought a bit of BTC and not looked at ETH. But it could be an exciting to market to hone your trading skills
What worries me is the ledger just grows constantly with no "year end" and starting a new ledger with opening balances. Will this make BTC and ETH too unwieldy a few years down the line.
My understanding is the ledger records records the transactions and balances are computed.
I do not think it will be a perpetual downtrend, I believe it'll swing within a bollinger band for a period even though I haven't really done a TA on BTC in particular. I however did a TA on Ethereum about two days ago and wrote a blog post on it for a friend's site which he did not post quickly enough as such I've asked him to hold on so I revise the figures because even though my projections were somewhat right, posting the article late might seem like I was only posting an article after the market had behaved in a certain way which will just be capricious.
In the article, I projected that the blood bath of ETH would see it testing a $178 support before a strong bounce however I could not tell how strong the bounce would be or how long it'll last for. And true to this ETH practically touched $180, $2 dollars shy of my $178 support prediction and experienced a strong bounce and is now in the $230 region. However I do no think this bullish movement would be perpetual. I expect a downward trend by the weekend. But I see ETH testing an resistance of $500 in a couple of months, latest by December.
For BTC, the signs are good. I believe there'll be a significant dip before and by 1st August but if the Segwit and bip418 blockchain debacle is successfully navigated, BTC will go past $4000 before the close of the year. Kindly note however that my projection for BTC is largely based on intuition and not on any TA done. I might make time to do a TA on BTC in a few days; I'm not motivated though because currently all my digital assets are ETH based and in other altcoins utilising the Ethereum block chain.
I know not much but I want to tell you that I am really sorry for not buying BTC in something like 2012-2013 and so on really. I simply do not believed in it in that time like many many other peoples. And now it's something like $8000 to be correct.
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