in my opinion we can't compare bitcoin with big companies like saudi aramco. both have far different characteristics and markets. bitcoin which is very volatile can provide advantages and disadvantages but not to the effect on the global economy. But if something happens with Saudi Aramco it will have an impact on world oil prices and the world economy.
for the price of bitcoin I am optimistic that the price of bitcoin at the end of this year can reach $ 10,000 even though the price of bitcoin is currently down $ 8500 I'm sure bitcoin can pump again.
Topic: Bitcoin Price Holds Above $9k (Read 729 times)
Halvening is a month by month consideration and we're not there yet, I consider it long term because its an event that takes time to sink into the price. So to speculation will not suddenly spring up like its news when its always been there.
The falling wedge idea is great though, that could well fit into BTC price staying above about 8000. I think thats where we need to hold above to maintain ourselves above a previous negative trend and if it does that then the bears can reverse to find us bullish upto about 9600 I guess. Thats just the fast movement, after that requires more jet fuel and other considerations over days.
Little chart because I think too much spaghetti scares people, weekly and monthly averages are roughly in the same place so in something of a crossroads right now perhaps
The falling wedge idea is great though, that could well fit into BTC price staying above about 8000. I think thats where we need to hold above to maintain ourselves above a previous negative trend and if it does that then the bears can reverse to find us bullish upto about 9600 I guess. Thats just the fast movement, after that requires more jet fuel and other considerations over days.
Little chart because I think too much spaghetti scares people, weekly and monthly averages are roughly in the same place so in something of a crossroads right now perhaps
Btc continues to confuse me. Earlier this year I was convinced that BTC will hit 12K at the end of 2019. Now bears are dominating and all indicators suggest we will go even deeper. depression in back in crypto.
The $3,000s were depressing times too. So were the $7,000s last month before that pump over $10K. I would be a lot more worried if people were bullish. Instead, they are fearful and pessimistic which is a sign that we're close to the bottom.
According to Tim West's TAM model, the daily downtrend triggered November 7th is running out of time. The daily is also oversold. We may be looking at a falling wedge:
The Bitcoin halving is not that far away anymore. Curious how we will hold ourself until then. Still awaiting a rally up to $16k at some point.
Nobody likes that, its adding insult to injury because altcoins have already suffered a lot and yet there was no sign of recovery yet.
We can't do about it if people loss their confidence on altcoins because in general the market is really struggling, just like in the past, this will be over sooner or later and the market will begin to look green again.
There might be really a need for these to happen, as too high price may lead to imbalance of the market, the dropping of price for correction is reasonable but having it for like 2 years especially if you'd put a lot more investment is irritating somehow but when we believed in what we hold is worth waiting like bitcoin.We can't do about it if people loss their confidence on altcoins because in general the market is really struggling, just like in the past, this will be over sooner or later and the market will begin to look green again.
Sometimes if I see the way that bitcoin fluctuates in price, it even encourages me more that people are using it and not just accumulating it to keep, because it is when they use it that demand will increase and as demand increases, it will continue to shorten the supply of bitcoin that we have which the more the supply reduced, the more that it will start getting scare till it gets to that point where it will become so scarce and this will be the turning point for a continues value appreciation.
Btc continues to confuse me. Earlier this year I was convinced that BTC will hit 12K at the end of 2019. Now bears are dominating and all indicators suggest we will go even deeper. depression in back in crypto.
The $3,000s were depressing times too. So were the $7,000s last month before that pump over $10K. I would be a lot more worried if people were bullish. Instead, they are fearful and pessimistic which is a sign that we're close to the bottom.
According to Tim West's TAM model, the daily downtrend triggered November 7th is running out of time. The daily is also oversold. We may be looking at a falling wedge:
Btc continues to confuse me. Earlier this year I was convinced that BTC will hit 12K at the end of 2019. Now bears are dominating and all indicators suggest we will go even deeper. depression in back in crypto.
The $3,000s were depressing times too. So were the $7,000s last month before that pump over $10K. I would be a lot more worried if people were bullish. Instead, they are fearful and pessimistic which is a sign that we're close to the bottom.
According to Tim West's TAM model, the daily downtrend triggered November 7th is running out of time. The daily is also oversold. We may be looking at a falling wedge:
Btc continues to confuse me. Earlier this year I was convinced that BTC will hit 12K at the end of 2019. Now bears are dominating and all indicators suggest we will go even deeper. depression in back in crypto.
Let's see if they could attract investors on there crowdsale.
They have a good financial record which means they are profitable and most investors are looking for projects that has a working product already, them, they don't just have a working product but they are profitable as well, its almost a safe and guaranteed investment but let see what are the criteria when the IPO is already live.
poeple start comparing how this profitable how that profitable bla bla blaThey have a good financial record which means they are profitable and most investors are looking for projects that has a working product already, them, they don't just have a working product but they are profitable as well, its almost a safe and guaranteed investment but let see what are the criteria when the IPO is already live.
aramco well known as the most valueable and profitable company recently eventhough it is still debatable. crazy rich arabian , they are rich by nature less hardwork , hate to say this but that is the truth unfortunately yeah.
wondering if there is any of us here interested to join in the ipo? moving your precious bitcoin and swap it for the one time chance biggest ipo? that should be the safest investment with high probability to get a profit with all those status.
will you? cause i am not doin that especially if i have to cash the bitcoin out, no thanks.
I can do that, I don't only hold btc for my long term investment, if I see some project with great potential, I will always try to risk on it.
BTC is not the only profitable in the market, though its the safest investment but are we really here to play safe all the time? I am not, I am here to explore and take some calculated risk if I want to.
you want to do that? i know how to manage investment portofolio but moving one investment to another just like what you gonna do is not something wise action especially holding stocks require a strong commitment , at least you need to hold it for 5 years -my estimation- to get best investment performance , in crypto? you can get unexpected growth in just few months, that is the difference.
even though we are in tough position now try to hold the support at $8000 to not fall further away , bitcoin as a long term investment is still relevant.
comparing this to aramco IPO that is not relevant .
Nobody likes that, its adding insult to injury because altcoins have already suffered a lot and yet there was no sign of recovery yet.
We can't do about it if people loss their confidence on altcoins because in general the market is really struggling, just like in the past, this will be over sooner or later and the market will begin to look green again.
There might be really a need for these to happen, as too high price may lead to imbalance of the market, the dropping of price for correction is reasonable but having it for like 2 years especially if you'd put a lot more investment is irritating somehow but when we believed in what we hold is worth waiting like bitcoin. We can't do about it if people loss their confidence on altcoins because in general the market is really struggling, just like in the past, this will be over sooner or later and the market will begin to look green again.
Quote from: boltz link=topic=5198375.msg
[quote author=Russlenat link=topic=5198375.msg53090982#msg53090982 date=1573899400
[quote author=Russlenat link=topic=5198375.msg53090982#msg53090982 date=1573899400
Nobody likes that, its adding insult to injury because altcoins have already suffered a lot and yet there was no sign of recovery yet.
We can't do about it if people loss their confidence on altcoins because in general the market is really struggling, just like in the past, this will be over sooner or later and the market will begin to look green again.
We can't do about it if people loss their confidence on altcoins because in general the market is really struggling, just like in the past, this will be over sooner or later and the market will begin to look green again.
Who wants it? All of us hate to see those dumps keeps coming these days and I don't know if we will experience it on December since if those dumps will still occur I think it will tell the phase of the game on next year but hopefully the halving is the counter attack for those downwards since I still believe it is the big thing in crypto but I really hope we can see a green on our screen in halving season.
Bitcoin will hold its price between 8k-9k$ in order for the whales to accumulate even more...this is what I believe right now after I see the daily charts. We're in a strong period of accumulation and we should participate as well as we're closer and closer to the halv with every day pass.
I think the whales have done more accumulating when BTC was still at $3K... or maybe they sold it when bitcoin pump to $13,000 and now they are starting to accumulate again? is that what you are trying to say?What I don't like is that whenever Bitcoin drops further more , altcoins drop a lot more ...and the pair between sats/$ for altcoins is in a big disorder and it should not be like this ...even if bitcoin goes to 10k$ , altcoins won't rise ...very suspicious.
Nobody likes that, its adding insult to injury because altcoins have already suffered a lot and yet there was no sign of recovery yet.
We can't do about it if people loss their confidence on altcoins because in general the market is really struggling, just like in the past, this will be over sooner or later and the market will begin to look green again.
We are all the whales, if there is a million of us then we are as large as any whale. Humans want to see faces in the clouds because we are built that way to search for the reflection of humanity but the market is moved by the flock of sheep not the whales. Still human but its not the smoking man in a trenchcoat who moves the market really.
Right now nothing is moving the market at all, its quite silent. Not sure how to take that especially, wider time frames take control perhaps but some are bullish.
4hr bars, moving down the road following the line
Right now nothing is moving the market at all, its quite silent. Not sure how to take that especially, wider time frames take control perhaps but some are bullish.
4hr bars, moving down the road following the line
Bitcoin will hold its price between 8k-9k$ in order for the whales to accumulate even more...this is what I believe right now after I see the daily charts. We're in a strong period of accumulation and we should participate as well as we're closer and closer to the halv with every day pass.
What I don't like is that whenever Bitcoin drops further more , altcoins drop a lot more ...and the pair between sats/$ for altcoins is in a big disorder and it should not be like this ...even if bitcoin goes to 10k$ , altcoins won't rise ...very suspicious.
What I don't like is that whenever Bitcoin drops further more , altcoins drop a lot more ...and the pair between sats/$ for altcoins is in a big disorder and it should not be like this ...even if bitcoin goes to 10k$ , altcoins won't rise ...very suspicious.
When you have that much oil and you make profits in those levels to invest into other things you do not really lose. I don't know what they do with their billions of dollars of profits but we are talking about a company that has 30 billion dollars (give or take) profits and they probably profited a lot more in the past as well AND ON TOP OF THAT they will go public so they will have a lot more money as well, all combined I would say at least 100+ billion dollars, probably closer to 200+ billion dollars just to invest.
Now, oil companies can invest into oil related stuff but if they are capable of investing into everything else, these dudes could become part owners of all major banks, all major tech companies and live off the profit of those companies forever without ever to work again.
Now, oil companies can invest into oil related stuff but if they are capable of investing into everything else, these dudes could become part owners of all major banks, all major tech companies and live off the profit of those companies forever without ever to work again.
The world’s most profitable company, today announced that it is going public, in what could be the biggest ever IPO. The oil giant, Saudi Aramco, posted an H1 profit of $46.9bn in 2019, compared to Apple’s $21.6bn in the same period. But one imagines that return on investment will still pale into insignificance compared to Bitcoin.
https://bitcoinist.com/sunday-digest-bitcoin-price-holds-usd-9k-other-headlines/
https://bitcoinist.com/sunday-digest-bitcoin-price-holds-usd-9k-other-headlines/
So Saudi Aramco posted a huge profit despite an attack on its oil installations from Iran? This leads mo to believe as what Iran said a fake attack on Saudi and put the blame on Iran in order to spark an oil price increase.
If Saudi Aramco considers an IPO, it will be worth hundreds of billions or even in trillion in dollars. It will be hard to push that value. While Bitcoin only has a marketcap of $166 billion. With that simple figures alone, it is easy to identify which one have the best potential to profit.
the attack was more like a political thing rather than a real attack and it was from Syrian or maybe even from US trying to increase the tension in the region. in any case the only reason why this company is releasing this unrealistic profit is because they are trying to keep their damage to a minimum by trying to show the investors they are "OK" even after the losses they sustained. and also to try and prevent the IPO from failing and make some money from it.
The world’s most profitable company, today announced that it is going public, in what could be the biggest ever IPO. The oil giant, Saudi Aramco, posted an H1 profit of $46.9bn in 2019, compared to Apple’s $21.6bn in the same period. But one imagines that return on investment will still pale into insignificance compared to Bitcoin.
https://bitcoinist.com/sunday-digest-bitcoin-price-holds-usd-9k-other-headlines/
https://bitcoinist.com/sunday-digest-bitcoin-price-holds-usd-9k-other-headlines/
So Saudi Aramco posted a huge profit despite an attack on its oil installations from Iran? This leads mo to believe as what Iran said a fake attack on Saudi and put the blame on Iran in order to spark an oil price increase.
If Saudi Aramco considers an IPO, it will be worth hundreds of billions or even in trillion in dollars. It will be hard to push that value. While Bitcoin only has a marketcap of $166 billion. With that simple figures alone, it is easy to identify which one have the best potential to profit.
the attack was more like a political thing rather than a real attack and it was from Syrian or maybe even from US trying to increase the tension in the region. in any case the only reason why this company is releasing this unrealistic profit is because they are trying to keep their damage to a minimum by trying to show the investors they are "OK" even after the losses they sustained. and also to try and prevent the IPO from failing and make some money from it.
aramco well known as the most valueable and profitable company recently eventhough it is still debatable. crazy rich arabian , they are rich by nature less hardwork , hate to say this but that is the truth unfortunately yeah.
wondering if there is any of us here interested to join in the ipo? moving your precious bitcoin and swap it for the one time chance biggest ipo? that should be the safest investment with high probability to get a profit with all those status.
I would never do that. It isn't rocket science that a company valued at trillions isn't going to net you any serious percentage of profit.... you are lucky if they pay their shareholders dividends for holding their stocks.wondering if there is any of us here interested to join in the ipo? moving your precious bitcoin and swap it for the one time chance biggest ipo? that should be the safest investment with high probability to get a profit with all those status.
I rather buy XRP (which I'm absolutely not a fan of) than to buy into Aramco stocks.... the company is too large and I'm not that confident in any company related to oil with how we're gearing towards the complete opposite direction.
Bitcoin is a one time opportunity while stocks and projects come and go continuously. Don't sell.
Let's see if they could attract investors on there crowdsale.
They have a good financial record which means they are profitable and most investors are looking for projects that has a working product already, them, they don't just have a working product but they are profitable as well, its almost a safe and guaranteed investment but let see what are the criteria when the IPO is already live.
poeple start comparing how this profitable how that profitable bla bla blaThey have a good financial record which means they are profitable and most investors are looking for projects that has a working product already, them, they don't just have a working product but they are profitable as well, its almost a safe and guaranteed investment but let see what are the criteria when the IPO is already live.
aramco well known as the most valueable and profitable company recently eventhough it is still debatable. crazy rich arabian , they are rich by nature less hardwork , hate to say this but that is the truth unfortunately yeah.
wondering if there is any of us here interested to join in the ipo? moving your precious bitcoin and swap it for the one time chance biggest ipo? that should be the safest investment with high probability to get a profit with all those status.
will you? cause i am not doin that especially if i have to cash the bitcoin out, no thanks.
I can do that, I don't only hold btc for my long term investment, if I see some project with great potential, I will always try to risk on it.
BTC is not the only profitable in the market, though its the safest investment but are we really here to play safe all the time? I am not, I am here to explore and take some calculated risk if I want to.
Let's see if they could attract investors on there crowdsale.
They have a good financial record which means they are profitable and most investors are looking for projects that has a working product already, them, they don't just have a working product but they are profitable as well, its almost a safe and guaranteed investment but let see what are the criteria when the IPO is already live.
poeple start comparing how this profitable how that profitable bla bla blaThey have a good financial record which means they are profitable and most investors are looking for projects that has a working product already, them, they don't just have a working product but they are profitable as well, its almost a safe and guaranteed investment but let see what are the criteria when the IPO is already live.
aramco well known as the most valueable and profitable company recently eventhough it is still debatable. crazy rich arabian , they are rich by nature less hardwork , hate to say this but that is the truth unfortunately yeah.
wondering if there is any of us here interested to join in the ipo? moving your precious bitcoin and swap it for the one time chance biggest ipo? that should be the safest investment with high probability to get a profit with all those status.
will you? cause i am not doin that especially if i have to cash the bitcoin out, no thanks.
The market crashed, and the recovery happened all of the sudden when there is more speculation about the price of bitcoin falling low. This means the market is gaining more resistance for growth than decline in the price. Once after recovering from $7500 the price has been standing high fluctuating within specific range which means the price holds above $9000.
It's holding and still trying to rise but the pressures still tough so it keeps coming back, it would take some time before we can see another huge run.Though if there's more positive news and not only the halving but the success of BAKKT being use by more company, surely will bring more impact.
We can't measures of compare what success is waiting for this industry, it's only time who can dictate that to the investors that will hold.
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