Bitcoin Price Technical Analysis for 12/2/2015

Amusing how any time it drops it’s solely, de facto because bitcoin is in the death throes (not throws) and can’t have any other cause whatsoever, like traders going at it. Maybe if you could separate the two you’d understand it better and not be so fatalistic (or gleeful?) when the price drops, even if it tanks below $100. The *price* being volatile, up down round and round – that has nothing to do with its *value* per se. That fluctuation is all about the traders in ratio to the coin being produced and money brought in. Bitcoin goes up, bitcoin goes down…it’s a market, that’s how it works, it’s par for the course. It doesn’t in any respect mean bitcoin is going away. The *value* is another thing entirely and that value is what determines whether bitcoin will ever go away and the answer is unlikely. The reality of thousands upon thousands of new companies accepting bitcoin, the products and services being developed, the infrastructure, the policy being shaped, the multiple uses of the blockchain, and even the Wall St money about to hit the *market* (thus making the *price* go apeshit – wild fun ride ahead!), all of these things clearly and unequivocally solidify the *value* of bitcoin and its utility – means there’s a *growing* number, an *increasing* number of people – citizens and businesses – entering into the world of bitcoin, adopting bitcoin, exchanging and using bitcoin, and continuing to develop the blockchain. To see that in your face and still think in any respect that bitcoin is in its death throes makes you oblivious, out of touch, in denial, or just plain troll who has no clear understanding of the difference and a price drop has nothing to do with the *growing* use and utility that’s taking place indicating bitcoin not only isn’t gone, it’s not anywhere near on the verge of disappearing, but instead on the verge of going main stream as the global digital currency. People like, want, and use bitcoin. As long as that is the case, bitcoin isn’t dying and the market price is not a reflection of anything but the trading. If that doesn’t clarify things for you, then all I can see is you never wanted clarification or understanding to begin with.

Amusing how any time it drops it’s solely, de facto because bitcoin is in the death throes (not throws) and can’t have any other cause whatsoever, like traders going at it. Maybe if you could separate the two you’d understand it better and not be so fatalistic (or gleeful?) when the price drops, even if it tanks below $100. The *price* being volatile, up down round and round – that has nothing to do with its *value* per se. That fluctuation is all about the traders in ratio to the coin being produced and money brought in. Bitcoin goes up, bitcoin goes down…it’s a market, that’s how it works, it’s par for the course. It doesn’t in any respect mean bitcoin is going away. The *value* is another thing entirely and that value is what determines whether bitcoin will ever go away and the answer is unlikely. The reality of thousands upon thousands of new companies accepting bitcoin, the products and services being developed, the infrastructure, the policy being shaped, the multiple uses of the blockchain, and even the Wall St money about to hit the *market* (thus making the *price* go apeshit – wild fun ride ahead!), all of these things clearly and unequivocally solidify the *value* of bitcoin and its utility – means there’s a *growing* number, an *increasing* number of people – citizens and businesses – entering into the world of bitcoin, adopting bitcoin, exchanging and using bitcoin, and continuing to develop the blockchain. To see that in your face and still think in any respect that bitcoin is in its death throes makes you oblivious, out of touch, in denial, or just plain troll who has no clear understanding of the difference and a price drop has nothing to do with the *growing* use and utility that’s taking place indicating bitcoin not only isn’t gone, it’s not anywhere near on the verge of disappearing, but instead on the verge of going main stream as the global digital currency. People like, want, and use bitcoin. As long as that is the case, bitcoin isn’t dying and the market price is not a reflection of anything but the trading. If that doesn’t clarify things for you, then all I can see is you never wanted clarification or understanding to begin with.