Overview on two antagonist value: Gold & Bitcoin, They dont play on same field but its interesting to watch how bitcoin reproduce the same behavior of gold.
Green/Red candle GOLD Blue/Red Bitcoin
TFW.
Bitcoin is bearish, like the previous period on gold, lets see how its play.
@Kriojenic, indeed, we need to think its two different asset, one is real and usable ( gold ) and the other is... pure bubble speculation, even if people will come and insult me, bitcoin from far is useless compared to gold. The tech yes is interesting
Kriojenic
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@Madofff, exactly how I feel. I know the tech is amazing but still this is just a proof of concept. There are many more better alternatives than btc in terms of electricity cost, speed and anonymity but a bubble is a bubble and a traders job is to capitalize on it
Madofff
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@Kriojenic, You speak truth, is only about money, the best alternative of blockchain is: DAG ( Direct acyclic graph ) kind like Byteball, Aidos Kuneen without block or miners, instant transfer and zero fees.