Technical Analysis Isn't a Crystal Ball. It's not about predictions; it's about studying patterns of behavior.
RENKO showing that we are already in a downtrend (and a side note: below the 50 day moving average) AND a KEY price to possibly look at is apx $6300. Forecast: BTC/USD is on its way from apx $7300 to apx $6300.
[BITCOIN IS ESTIMATED TO DROP TO $6300]1
Renko charts are designed to filter out minor price movements to make it easier for traders to focus on important trends. While this makes trends much easier to spot, the downside is that some price information is lost due to simple brick construction of Renko charts.
PS Beware of various crypto and bitcoin websites that have a deep interest to show positive views of bitcoin price forecasts, for themselves and/or their advertisers and content partners.
''' Opinion from chart simple RENKO chart analysis -- Bitcoin on a downtrend and next key to test is apx $6300 Go1dfish undelete link unreddit undelete link
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Unknown links are censored to prevent spreading illicit content.
On July 30, 2010, the Bitcoin article on Wikipedia was deleted, and it took until December to restore it. "No notable third-party coverage" was the main reason for deletion. Yes, there was a time when Bitcoin wasn't even being used by drug-dealers, so there weren't great stories for the press. Frustratingly, the Bitcoin Wikipedia page had existed since March 8, 2009
, and by July 2010 it had been refined and polished to the point where it seemed to have met Wikipedia standards. More frustrating about the deletion, perhaps, was that Bitcoin was not easy to comprehend in July 2010, so a Wikipedia article was critical to helping bitcoin adoption. Without it, how else were you to tell your friends, taxi drivers and parents what it really was?
On August 4 of 2010, the outcry was great enough from the community at bitcointalk that the Bitcoin page on Wikipedia was put up for deletion review
. However the page's deletion was upheld. Then when bitcoiners lobbied for another deletion review in September the deletion was once again upheld
The main reason for keeping it deleted in each instance was the lack of notable, credible sources. One of the wiki editors said "The message to Bitcoin's supporters is: you would be better spending your energy in writing articles about it and getting them published in some reliable industry journals (i.e. those with enough editorial control to be accepted here as reliable sources). When you have achieved that, you can cite them as references and there will be no problem here. Your mistake is to try to use Wikipedia as the start of your promotion campaign - that's not what it's for."
Fair enough! Bitcoiners at the time were using bitcoin-related sources as their "credible sources", and wiki editors weren't falling for it. Eight out of eight citations on the June 2010 Wikipedia page were from bitcoin.org.
Here's another brief interaction between non-deletion user "Em3rgent0rdr" and glacier expert (and wiki deletionist) Polargeo:
There are now close to 5 million bitcoins, and at the current exchange rate of ~$0.22 USD/bitcoin, that means approx $1,100,000 USD worth of bitcoins exist in the bitcoin economy. This is significant. --Em3rgent0rdr
My uncle has a house worth more than that. Do you think his house should have a page on wikipedia? Polargeo
I understand Polargeo's point, but I've always taken a guilty satisfaction in knowing that Bitcoin's market cap has eclipsed the value of his uncle's house.
Eventually coverage from The Irish Times
, Lew Rockwell
put enough independent journalistic credibility into bitcoin, that the third deletion review came back with a Restore decision. The conservative crew at Wikipedia gave this warning before restoring the page: "if restored, protect immediately from new users-this one is a crapmagnet".
Take a deeper look at the Bitcoin Wikipedia page's stats
, you'll see lots of work put in (for no miner's reward!). 2,452 editors and over 13,000 total revisions. If you're a Bitcoin Wikipedia editor, I'd love to hear from you in the comments below.
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http://bitcoincharts.com/charts/chart.png?width=500&m=mtgoxUSD&SubmitButton=Draw&r=720&i=&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=0&cv=0&ps=0&l=0&p=0& submitted by
I don't think we would have quite the panic selloffs if people folowed one simple rule. don't buy more bitcoin than you can hold for a duration of a few months.
Don't put everything into bitcoin so that you get terrified if it goes down and you emotionally fear you MUST sell or lose everything.
I'll be buying tomorrow but as always it will be with money i can afford to hold infinitely and of course it will not be borrowed money buying.
My long term target as always is in the neighborhood of total bitcoin being worth total gold which puts bitcoin at about $600,000 per bitcoin.
Same as it ever was. The fundamentals or math or logic hasn't changed by any of the few panic selloffs we have had in 2 years they go down about half and then in three months it's up 2 times its previous high.
Bitcoin has a steady exponential value adoption curve when spikes are excluded... Just like for the past three years.
It'll be that curve until a significant portion of the value of gold wealth is also invested in Bitcoin. Or until someone permanently breaks it or outlaws it which is unlikely.
Bitcoin price forecast at the end of the month $10527, change for October -1.9%. BTC to USD predictions for November 2020. In the beginning price at 10527 Dollars. Maximum price $11974, minimum price $9616. The average for the month $10614. Bitcoin price forecast at the end of the month $10340, change for November -1.8%. The exit spot is the latest tick at or before the end .. The end is the selected number of minutes/hours after the start (if less Prev Código De Bitcoin Del Comerciante than one day in duration), or at the end of the trading day (if one day or Prev Código De Bitcoin Del Comerciante more in duration).. The remaining is the remaining until the contract expires. BTC USD (Bitcoin / US Dollar) This is the most popular Bitcoin pair in the world. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of Bitcoins is carried out collectively by the network. Keep an eye on the Bitcoin price, even while browsing in other tabs. Simply keep this site open and see the live Bitcoin price in the browser tab. (Note: Some mobile browsers don’t yet support this feature.) See how many bitcoins you can buy. Enter an amount on the right-hand input field, to see the equivalent amount in Bitcoin on the left. Bitcoin Price (BTC USD): Get all information on the Bitcoin to US-Dollar Exchange Rate including Charts, News and Realtime Price.
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