Bitcoin-gold
BTG gold mineA traingle pattern forming. Looking for BTG to break out of the pattern and continue and hold above the green 50 day line.
NXT Long Trade I've got two sets of Fibonacci lines here, which is different and cumbersome on the eyes, but it's useful. Market cap for NXT is 87 million, in the middle of June this year it was at 220 million, and circulating supply is a billion coins. This is another liquid coin with an established presence and community for a few years, because of that there is an element of relative safety in holding this coin. Coins with millions of dollars in daily volume consistently are a better bet because you're not going to be trapped. The market may not do what you like, but at least you'll be able to move in and out when you need to. My advice on that has been to own the underlying asset and hold it, if you're new to this and you're using margin trading you're going to lose, don't give your career a premature funeral. Those who would have you day trade and use heavy margin positions stand to profit from your losses, we all must avoid that behavior, because that is the epitome of reckless speculation. Look for attractive entries and buy the dips over the next few months, the bounce is only a matter of time. Keep Hunting Everyone.
BTG/BTC Lets see if this support holds on the 1 hour. Entry???? Well here we are approaching Sunday on this fine holiday weekend. The Death Star exchange has been pumping with action. Each and every day and night. The public has spoken. Non stop price action.
To continue from my previous BTG chart. Looks like BTG might settle in here somewhere at the green support levels. On the chart you see we have have a steady Red volume, small and subtle but its there and the price is holding up well. IMO as soon as a little Green volume comes in under these conditions, as long as nothing changes, we will see blast off. So if this support holds here, If it does I will start buying. That's my plan so far. At about 350 USD. , 0r .0398 . Nice and simple. If this support holds I may look to build a position here, With a $500 or so 1st profit target. No need to be in a rush though. There has been a reported premature wallet scare out there. A fake wallet download for BTG, this has helped pull our price down IMO. No wallet I am aware of at this time is available, so be safe out there. But do know, When a wallet does become available for everyone, the confidence will soar, and most likely the price will too as this is the rise of the Bit tokens.
Please do your own research. This is not investment advice. xxwhitevaderxx
Digital GOLD.Bitcoin is a placeholder of a value in a blockchain ledger. The more you pump in the digital bullion the more it worth. Plus several factors that are not so vivid as capitalization. Taking into consideration a limited emission of the bitcoins.
Mined bitcoins: 16,690,400.
All bitcoins: 21,000,000.
Current market cap devided by emitted ammount equals bitcoin value
135,914,600,512 / 16,690,400 = 8143$
Screenshot of the exact values:
imgur.com
GOLDThis asset is undervalued relative to bitcoin - right now buys 0.05 BTC - we see it at $0.10 at least - as we follow the pitchfork over the years, there will b e huge potential for multiple 100% returns on your dying FIAT currency.
Bitcoin Gold - My game planSame thing is BCH I presume. Sell early before the crowds flood the market, then pick them up again for cheap after a period of accumulation. Rinse, repeat.
Short Term Speculation of BITCOIN GOLD....thinking of 2 ways, rising from this basecamp
or retracement.
But my opinion, it seems promising.
So let's wait and see...
Bitcoin vs Gold – No Bubbles COINBASE:BTCUSD NASDAQ:GOLD
Bitcoin and Gold are more and more often compared with each other. And for crypto currency this is another reason to appreciate, as it means investors take it seriously.
Lately, Goldman Sachs' analysts Jeffrey Currie and Michael Hinds said that gold was better than crypto currency. They pointed that the riskier the market environment, the higher the demand on the metal.
They compared Gold and Bitcoin by several criteria, and discovered that by longevity, intrinsic value and stability the former is better than the latter.
However, the only notion that the long established asset like Gold is compared with recently emerged currency may Bitcoin even more attractive.
And judging by the history of Gold, Bitcoin has huge potential in store. Some years ago gold ran from $250 to $1900, and every investor or analyst used every opportunity to claim it a bubble., but it’s still trading above $1,000. Bitcoin has run from $800 to $5,500 since the year start and it’s already called a bubble. But is it the end?
The recent slide for me looks a good opportunity to buy Bitcoin with the nearest target at $5,800.