Can we have a real discussion about where BTC is going in the long term? Is this chart bullish or bearish...

7650,7750 breaks goodbye

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>CURRENT MODEL PRICE (10D/365D)
>6.944 / 8.285
Damn that sounds bearish as fuck. Are we really not going to have any good news this year?

It’s going in the toilet because only terrorists and child pornographers use cryptocurrency.

Well I've used it to buy things and I'm not either of those.

this is the bottom
coin goes up
money goes much

When does it take off?
I’ve been watching it for a few weeks now.
Is a Coinbase a good app to use?
I’m new to investing. I had a normie bank managed portfolio a few years ago(20k) took it out to buy an airplane and a bunch of antique guns/ammo.
Looking to get back into the ‘game’.
If I want to keep this airplane I have to make some more fucking money..

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You bought an airplane for $20k?

No. Plane was 120k. I took it out to pay for a chunk.

No one knows. If you want to comfortably hold Chainlink, you're gonna have to research it. If you don't understand it...it is the most stressful thing to hold due to its volatility. There is a pretty large learning curve to overcome to understand it. Good luck. Start by Googling "Chainlink The God Protocol"

What do you even do with an airplane? Don't you have to pay thousands of dollars a month just to store it somewhere? I thought that was something only ultra rich people could afford.

Why would bitcoin go up? From a technical perspective it hasn't evolved in nearly a decade. Still 1 MB blocksize.

$14k by end of 2020

You don't need to be ultra rich to own and maintain something like a Cessna. I used to have a 1970s Cessna that I'd fly between the keys and mainland FL

Tezos will climb to the number 1 spot

Thankyou. I’ll look into it before doing anything.
Cessnas are not impossible to own. Compared to a private jet or helicopter they cost next to nothing.
Without financing payments mine costs about $90/flight hour to run.
I have a private airstrip in the middle of nowhere, so no storage fee.
Airplanes appreciate in value. But they don’t make a lot of financial sense to own. It’s a labor of love. Can’t think about how much it costs

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(I also used to charter flights for people to offset some of my costs. Very easy to charge $500 per person for a short one-way flight from Punta Gorda to Miami, from Naples to Key West, etc.)

I could see this

Gold hasn't evolved in a decade and went up. So can't be a store of value and can't be real consumer demand. Print tether and magic happens

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I'm not...cause I'm not a newfag.

Need your commercial license and air taxi certs for this though.
But yes. Realistically they have to be able to make a little money for them to be justified. I use mine as a pickup truck for a related business.

Sorry, just to add:

These people would most often want to travel to and from their location and would most often be in groups of two or three. So for me, that'd be $3000 in my pocket for very little air time, plus a paid trip to somewhere in south Florida...it was a fun time in my life. I would love to eventually retire and figure out a similar operation flying between places like St. Martin and St Barth's

CIA drug fiat is going to 0 braincel

That would be a sweet gig.

All memes aside, is there merit putting some money back into stocks/link?
Would be nice to make a little bit off of this shitshow.

Quantum computing will make bitcoin worthless

Gold doesn't need to evolve. Your worthless FIAT has

are you fucking blind? that chart is clearly bullish, in the long term it only points up.

All memes aside, Chainlink is poised to be a very important aspect of the future world economy which will have some very strange aspects to it. But I also would not take any investment advice from biz. I suggest you researching it yourself and coming to your own conclusions.

>neither of these groups have ever used cash before crypto
you're an actual retard

BTW, we are VERY close to the next bull run, after this coronafag and oil price dump are gone, start buying BTC, thank me later.

This. Once the weather warms, and its starting, and corona virus is forgotten this shit is going to go so high. Also timed perfectly with the halving.

Yep. And with governments massively inflating their currencies worldwide because of the corona panic, bitcoin can only go one way and that's up. A deflationary currency always gains value relative to inflationary ones.

yeah so cool so much value in a blockchain that takes 15 minutes to process one transaction totally gonna replace fiat

there were two separate supports at around 8k and it broke though both of them. we are now in a descending wedge.

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Fiat did evolve. You can send it anywhere in the world instantly at virtually no cost, you can withdraw it from an ATM at no cost, you can spend it with a card anywhere in the world and be given free charge back protection and protection against fraud. So bitcoin has no advantage if it fails to function as a store of value like Gold

Kek

Chainlink is big time manipulated. I checked the price 10 minutes ago and it was $3.83 and now it's $4 again now. I understand the tech and what Chainlink is/does, but that doesn't mean it will be completely operational or adopted soon. If anything, LINK is overvalued. When the full scale oracle network they are building launches, then it might be worth the price tag is currently holds and then some.

They haven't solved the God Protocol. You're a brainlet if you think they have. Not to say they aren't working towards it. Ari Juels is the brains behind it. Sergey doesn't do any of the coding and real work behind Chainlink. His Github is basically empty and he only created the chainlink smartoracles repository.

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stock to flow is in the 7k range until the halving

The catch is it's not the main currency that is innovative.
>Fiat money is a currency without intrinsic value that has been established as money, often by government regulation. Fiat money does not have use value, and has value only because a government maintains its value, or because parties engaging in exchange agree on its value.

It has no real value, but it's agreed upon that it is valued because the collective belief that it does.The real ponzi is fiat.

In other terms, it's not the bitcoins themselves that is valuable. It's the network and the mechanisms that make bitcoin work. For Bitcoin to really gain adoption, there has to be scaling. Now, it's not even close to being that. Not even a hair close. What needs to be done is creating software and tech around the Bitcoin network to enable worldwide scaling. Lots of technology such as memory, bandwidth, and capacity to store the blockchain have to be made much, much better. Mining equipment has to evolve and become better. If the tech that powers the bitcoin network doesn't continue to improve, then Bitcoin will fail. Mining bitcoins is not a hobby. It requires mining to stay alive. Difficulty drops are due to miners leaving because of it not being profitable to mine or sell. It's much more a business than a hobby like it was in 2009.

What do you think everyone is doing?
This is being developed on all fronts.

I set up a LN node last week, and did some payments.
Compared to a year ago it's built out way better.
There's way more science and math going into fee calculations and channel management options
It's not totally seamless yet, but in one year an open source project it has came very far
BTCpay is integrated into my raspiblitz LN node, software like that allows me to operate a online store with no 3rd parties unless I decide to hedge in my local currency I get to choose my bank
This is revolutionary technology but it takes 3 days to learn and set up, and the bitcoin economic system itself takes years to understand

LN is a good step forward. There's two sides to it. One side thinks it's a blockstream bilderberg funded centralization project of a Bitcoin. The other side thinks it can help scale Bitcoin enough to enable it to be as efficient as Visa as far as tx/s are concerned. That's p cool you are using it and it's working okay.

There's just a forced push of cryptocurrency adoption when there needs to be a gradual shift to it to avoid any problems. One bad line of code could initiate a lot of problems. The crypto scene we see today will be different in 20 years

>That's p cool you are using it and it's working okay.
Nobody's using it cos it aint (and it was always a stupid idea)

This chart looks fucking bad
For a good chart, look at Verasity

There are channels open on LN. It's not perfected yet though.

PlanB said march won't close below $8600 otherwise it would go against his indicator and that has never happened in history of btc (allegedly). Interesting month it's gonna be

Here is what will happen. We will break the 200 week ma causing trader capitulation. We will break 3k causing miner capitulation. We will test 1k as a support after it was resistance for 5 years. Only then can the golden bullrun start. I been saying this since last year

Back to 3k I hope you didn't go all in at 10k

Look at the Nokia stock chart to see what Bitcoin will likely do over the next few years. There’s no buzz around it anymore, it only went to $20k because of word of mouth, no different than a ponzi or MLM scheme. There are no new buyers or new interest or hype. Why would there be? No government is going allow BTC to replace currency and its slow as shit anyway and consumes a ton of energy. Also consider all these alt coins are massively faking their daily volume and have very little liquidity. As someone already said BTC will likely bleed to sub-$2,000 in price, we haven’t seen the bottom yet.

>comparing BTC to stocks
and this is why you will stay poor

Literally what the fuck did i just read? U compare manifacturer that made all the mistakes after it brought finland from recression to digital gold?

Gold has thousands of years or more under its belt as an exchange of value and is used in jewelry and computers. Bitcoin is an experimental digital currency that's been around for a little over a decade. You can throw at me that it's digital, decentralized, large amounts of bitcoins can be sent anywhere unlike gold, and that still wouldn't matter. It's a volatile market because of how unregulated it is and the activity on exchanges.

I'm not comparing Bitcoin to Nokia stock (although both are shitty and slow and outdated), I'm comparing the way Bitcoin's chart is playing out compared to how Nokia's, and many other stocks, played out over its life cycle. Greed is greed, these patterns play out everywhere, not just in stocks. You have a $20k top, a $14k echo bubble (just like Nokia's stock chart with a top and then an echo bubble) followed by a long, prolonged downturn. No one is coming to buy your bags. It's over. The fact that Bitcoin is performing so poorly when it was supposed to be a hedge against market uncertainty and unrest is a damning signal.