- We all know that bitcoins transaction are at their lowest level.
- Ask is above 100 million, we reached almost $11.700 before with this total ask
- There is a lot of positive news.
- But we also have many uncertainties such as Mt Gox and others.
So I think, if we simple draw 3 lines (high, linear and low) we end up with something like this:
Green is the optimistic scenario that follows the same curve as last December 2017
Blue is the linear scenario, and red, we know, we have been there before.
What do you think?
I think bitcoin will stabilize, (at what price? no idea), and continue to do what its best at...act as a currency for illegal activities and tax dodgers.
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I think that when many more ordinary citizen buy bitcoins, the influence of the rich and illegal activities is much less. They will has less effect and cause less strong fluctuations that you see now these days. Then everyone can benefit if he plays the game well.
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