The price of Bitcoin seems locked between 580 and 590. A breakout is imminent but which way. The charts and mining power say up. My economics and gut say down. I would not be surprised if we saw $200 Bitcoin again. Fiat is just too easy, Bitcoin requires work, knowledge know-how. It just can't compete in its current form.
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One indication bitcoin might be headed down is the daily (asking) interest rate has gone up on poloniex from about 0.04% to 0.07%
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Up down up now down, did make 598 is gonna hit that 600 again at the weekend.
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with bit coin we have done the big dipper and we are heading back to the mean, I have been looking for this chart for a while.
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That is why we must invest in dracmhae or DT token (draco)
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The total market capitalisation tells another story. No worry.
The resources invested in the mining infrastructure entitle bitcoin the monopoly status, the computing power running bitcoin dwarfing the total existing banking system by a great great amount. This is "the one" at least for now and quite some time ahead. Banks are scrambling investing in blockchain technology cryptocurrencys for inter bank and central banking clearing now, effort is fragmented and maybe too late. Worry about the dollars first.
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