Join me @ IBOtoolbox for free.
Chuck Reynolds
Member Since: 12/6/2012
  
performance / stats
Country: United States
Likes Received: 1665
Featured Member: 0 times
Associates: 2323
Wall Posts: 1988
Comments Made: 1493
Press Releases: 1960
Videos: 1
Phone: 559-369-7791
Skype:     chuck212
profile visitor stats
TODAY: 30
THIS MONTH: 2223
TOTAL: 386497
are we ibo associates?
recent videos
active associates
VOU Deals    
Last logged on: 6/16/2019


Arya Yang    
Last logged on: 6/16/2019


Khalid Mouzaki    
Last logged on: 6/16/2019


Horst & Leah ScreenSA    
Last logged on: 6/16/2019


Richard Steele Jr    
Last logged on: 6/16/2019


Velma Joseph     
Last logged on: 6/16/2019


Athena Gay    
Last logged on: 6/16/2019


Dee Tee    
Last logged on: 6/16/2019


George Estremera    
Last logged on: 6/16/2019


Kevin Phifer    
Last logged on: 6/16/2019


Louise Kinnear    
Last logged on: 6/16/2019


victor chukwuemeka    
Last logged on: 6/16/2019


Tony Wahlund    
Last logged on: 6/16/2019


Tom Riach    
Last logged on: 6/16/2019


Alex Kale    
Last logged on: 6/16/2019


other ibo platforms











Chuck Reynolds   My Press Releases

Where is the Bitcoin Price going.?

Published on 12/13/2018
For additional information  Click Here

Bitcoin Price ‘Could Go from Bad to Worse’: Bearish Analyst

   

The most potential use case of bitcoin today is the store of value.

But an analyst thinks otherwise. Stephen Innes, head of Asia Pacific trading at Oanda, a New York-based forex firm, believes that the world’s leading digital currency is due for another drop because it hasn’t provided the world a “significant use-case” yet. The Bitcoin hype, according to Innes, is far ridiculous than the one seen during the Tulip mania bubble.

Since its all-time high at $19,500, bitcoin has plunged more than 80% this year. Since mid-November itself, the digital currency has noted a 48.5% fall owing to specific macroeconomic crypto factors. Just recently, it established a new yearly low near $3,200, which is 83.5% lower than its good days’ peak. “It’s has been a disastrous year for cryptos,” Innes explained, “and by all indication, the current bear market could go from bad to worse with no fundamental or underlying reasons to buy BTC even more so when the only support offered up is a squiggly line on an analyst chart.”

A History Lesson

Either bitcoin cannot be anything. Or, it can be everything.

The digital currency upon its introduction in 2008 posed itself as an alternative payment system that raised its stakes against the popular payment mechanisms. True, bitcoin was much faster, cheaper and totally decentralized than any of its traditional counterparts. But its evolution brought several use cases on the sideways. Sooner, bitcoin was more than a payment mechanism. To some, it was a tradable asset; and to some, it was a currency of underground online marketplaces. The characteristics of bitcoin changed with every user. But, in a larger context, the digital currency remained a multifaceted technology.

To read more on this subject, please click the following link..

https://markethive.com/group/cryptocoin/blog/bitcoin-price-could-go-from-bad-to-worse-bearish-analyst

Member Note: To comment on this PR, simply click reply on the owners main post below.
-  Copyright 2016 IBOsocial  -            Part of the IBOtoolbox family of sites.