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Bitcoin passes the $8,000 hurtle. Next stop $10,000!

Labeled as information in Cryptocurrencies and Digital Currencies started by JudgeMind, May 27, 2019.

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  1. JudgeMind

    JudgeMind Top Member PRO VIP Trusted Contest Holder

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    Bitcoin has been facing massive resistance at $8,000 and it has been a tug of war between the BULLS and BEARS for the last couple of weeks. Today Bitcoin smashed through the $8,000 resistance and is currently at the time of writing this valued at $8823.00 usd on the Binance exchange. With this next shift in the market, there will be more capital floating around and more startups with new ideas for blockchain and crypto emerging. Happy domaining/trading!

    upload_2019-5-26_17-29-59.png
     
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  2. TERADOMAIN

    TERADOMAIN Top Member VIP

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    Lots of positive activities around Crypto.
     
  3. Dave

    Dave Top Member VIP ★★★★★★★★★★

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    Thanks for sharing.

    Any positive in crypto is positive for anyone holding great crypto domains!

    I just got outbid on BitcoinBox, now I wonder if I should've bid more. :cigar:
     
  4. garptrader

    garptrader Top Member VIP ★★★★★★★★★★

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    Several weeks ago, those bearish on crypto were talking about BTC possibly falling below $2000 (Hyperwave and Optical Art with the FIB circles). Even the bitcoin bulls acknowledged significant resistance at the $6000 level and that after the quick move from around $3500, a strong pullback was a real possibility. BTC blew past all that resistance like a football player going through a paper banner as team introductions are being made. It briefly paused at $7000 but quickly moved to $8000+. The last couple weeks we have seen a wedge pattern indicating an impending strong move (could go either way). Well it looks like $10k is the next stop.

    At some point there will be a pullback but I saw some video recently mention there were 5 million Coinbase accounts so there is not enough bitcoin for even the Coinbase account registrants to hold just one bitcoin. Over the last year and a half I have been educating myself on blockchain technology but was hesitant to actually put money into cryptocurrencies (crypto critics do have some legit arguments). However, there are also some arguments for holding a small amount of an emerging asset class. So today just hours before the breakout I bought a token FOMO amount of BTC and ETH - my first crypto purchase other than crypto-related domains. Given numerous YouTube commentators cautioning in recent weeks of an expected 30-40% pullback I did not want to risk much. But I am now a very, very small part of the crypto ecosystem. However, I would actually welcome a pullback as it appears institutional investors are now on board and that is why what appeared to retail investors as resistance is no longer relevant.
     
    Last edited: May 27, 2019
  5. xcloud123

    xcloud123 Established Member

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    i sold my domain name BTCFOF.com (@10000usd)
     
  6. TERADOMAIN

    TERADOMAIN Top Member VIP

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    Would you share more details??


    Thanks
     

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