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BITCOIN NETWORKWhen Bitcoin was first introduced by the pseudonymous Satoshi Nakamoto in 2008, it generated a wide range of reactions and predictions from various sectors, including technology enthusiasts, economists, and financial experts. Here are some of the early predictions and opinions about Bitcoin: 1. **Skepticism and Dismissal**: - Many mainstream financial experts and economists were highly skeptical of Bitcoin. They saw it as a speculative bubble, similar to previous economic bubbles. For instance, economist Nouriel Roubini famously dismissed Bitcoin, predicting its eventual collapse. - Warren Buffett, a renowned investor, called Bitcoin "rat poison squared" and cautioned investors to stay away from it. 2. **Enthusiasm from Technologists**: - Among technologists and early adopters, there was significant enthusiasm. They saw Bitcoin as a revolutionary technology with the potential to disrupt the traditional financial system. The decentralized nature of Bitcoin and the underlying blockchain technology were particularly praised. - Hal Finney, a noted cryptographer, was one of the earliest supporters and received the first Bitcoin transaction from Satoshi Nakamoto. 3. **Libertarian Support**: - Bitcoin garnered considerable support from libertarians and those advocating for financial privacy and freedom. They viewed Bitcoin as a tool to circumvent government control and provide individuals with greater financial autonomy. 4. **Media Coverage**: - Early media coverage was a mix of curiosity and skepticism. Some articles highlighted the potential of Bitcoin to change the world, while others focused on its association with illicit activities due to its pseudonymous nature. 5. **Comparison to Gold**: - Some early proponents referred to Bitcoin as "digital gold," emphasizing its potential as a store of value. This comparison was made due to Bitcoin's limited supply (21 million coins) and its potential to act as a hedge against inflation and economic instability. 6. **Volatility Concerns**: - Many critics pointed to Bitcoin's extreme volatility as a major drawback, arguing that it would prevent Bitcoin from being used as a stable medium of exchange or store of value. Here are a few notable early quotes and predictions: - **Satoshi Nakamoto (2008)**: "I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party." - **Hal Finney (2009)**: "Thinking about how to reduce CO2 emissions from a widespread Bitcoin implementation." - **Paul Krugman (2013)**: "Bitcoin is evil" - reflecting his strong skepticism and belief that Bitcoin would not succeed. Despite the mixed predictions and opinions, Bitcoin has grown significantly since its inception, influencing financial markets, inspiring numerous other cryptocurrencies, and sparking widespread interest in blockchain technology.
BITSTAMP:BTCUSDLong
by TrojanBible
The daily chart and the 200 day MA The daily chart and the 200 day MA are known to provide a really good trading opportunity – not always but frequently. When price has spent some time below or above the MA and it crosses over to the other side, you should be watching this. If price retests the MA and gets rejected, you may have an opportunity to catch a multi-day runner. In the USDTHB chart here, you can see that price has crossed over above the 200dma. It is starting to pull back towards it now and possibly will stall either at the major support at 35.20 or the MA. If we get a clear sign of being rejected and a bullish candle prints above the MA, it is a good sign to take a long. If such PA develops, you could be in for massive profits IF you stay patient and committed. Also, check out AUDUSD for a similar setup. Once again, we are only watching and trading this on the daily chart. Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs up” and follow me to get even more.
Education
by Trading_Vista
ETH Weekly Death Cross ? ETH/USD #ethusd #eth #ethereumWell...I know the market can be hard to read sometimes but the ETH weekly chart above seems like it will have a Death Cross soon on our weekly chart . That's the main thing I see here . You see that light blue 50 MA ? And it looks like it will cross down through the dark blue 200 MA perhaps sometime this month ,in April . That's called a Death Cross of the 50/200 MAs or moving averages .It's bearish and price could definitely go down though it remains to be seen if the cross actually occurs . Bitcoin had a similar Death Cross on it's weekly chart in early February - and though it did dump a bit it also had a pump above weekly 200 MA recently . If we are going to avoid this cross ETH would really need to pump from here though . Not sure it will. Let's see how it plays out .
BITSTAMP:ETHUSD
by shimmeringpath
1
My Price Analysis of LINKBTC on December 10, 2022Hello friends. Today, according to the LINKBTC chart, I noticed that the chart is generally going down and I have drawn the short-term channel in the 1-hour time frame. The formation of EMAs of 50, 100 and 200 assures that the market is bearish. On the other hand, this arrangement is being formed in the 2-hour time frame. On the other hand, the MACD indicator gives a buy signal. My analysis of this signal is that it can either be a fake signal or a short-term signal that will return to its downward channel after encountering the upcoming resistance. and continue its downward trend.
Short
by Saleh_Toodarvari
Doge; 200 daily EMA In my last doge post, I stated what we needed to do in order to continue upwards but, if doge couldn't achieve those said goals then we were to meet the 200 Daily EMA. WELL, here we are! At the 200 Daily EMA after doge failed the box phase. 📦 Expect volatility now which could be good for swing trades. I'm looking for DOGE to recoup big off the 200 with a higher low povit incoming but ain't gonna be hasty just yet. I'll make a new phase to study soon but for now, let's see what happens!
BITTREX:DOGEUSD
by Vophie
BTC.USDT bitcoin price, warning Hiiii all traders this is kind of warning for whole market, why?? due to reasons below👇 1. USDT.D seems to be prepare for a height jump according to symmetrical triangle(guess what would happen then?!) 2. tow strrrrong resistant in BTC chart( Kijun Sen( red line) and MA200(blue line)) 3. as it seen the MA50 and the MA200 are about crossing in next few days, which can be alarm for BTC price to another big fall 4. and some other fundamental & technical evidence... in my opinion these could lead BTC to touch it's long_term bottom,between 19k-21k(sweet price for long position) be aware and prepare 🤞🤙
BITSTAMP:BTCUSD
by The-Ivar96
2
Bitcoin 200-day EMA Rejection ShortPlay on rejection of 200-day EMA after bulls fail to break the downtrend with tight stop loss. Entry: 41,000 Stop Loss: 44,000 Target Price #1: 35,000 Target Price #2: 30,000 Target Price #3: 25,000 At each price target move stop loss to 10% over target value. Reasoning: First dip below 200-day EMA of the bull run. Sharp rejection possible. Potential government intervention in US and China. High volume selling along with increased volatility. Risks: Celebrity pumps can trigger tight stop losses on shorts. Rapid bounce after first drop indicates strong buying power ready to deploy. Bullish L2 news could cause rapid trend reversal to highs.
COINBASE:BTCUSDShort
by Seth-Goldberg
2
BNB SHORT TERM SHORT POSSIBILITY. WEDGE BROKEN.BNB broke through the September – October wedge, as well as the MA200 on the 4H chart. Most bullish scenario would be a quick bounce off the $26 area to continue its long-term bullish path. In case it breaks through the $26 resistance, resistance 2 @ $22 and resistance 3 @ $18 are next. The latter being quite unlikely. In case you’re looking for a short opportunity, take a look at the shorting zone around $27.5. ................................................................................................................................................................... If you like this analysis, please like, subscribe and comment. ...................................................................................................................................................................
Short
by FieryTrading
2