Hello my name is Tom
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bitcoin blows gold, sp500, bonds and pretty much the entire ETF market totally out of the water
people investing in other stuff have to be asking themselves "why am I not on this train ?
Personally I am quite confident gahc is going to blast through the previous high and then do a massive extension to maybe .20
bitcoin is one of the few major asset classes that can still skyroket 10 to 50% in just ONE DAY potentially..
when is the last time gold or the sp500 did that ?
perhaps by tonight! lol
bitcoin trading with unstoppable confidence! the future is here !
i would refer to it more as the #1 protege instead of bit*@#$% :)
already close to 20 million in volume and we are only at the half way point in the day....
30 to 40 million total today ??
it is all about supply and demand... very limited supply of companies in this space and yet massive surging demand push to get into the sector
the story is blockchain is going to be a trillion dollar business and capital is moving into this sector based on its potential
nice action today, perfect chart, not much to complain about on this setup now
the BIG QUESTION is how high will GAHC skyrocket on this NEXT RUN ???????????????????
do not rule out a move to .20 to .25 faster then we all think
ie. who would have thought BITCF trading in dollars so soon ???
stop being negative !!! Yes GAHC is lagging because that is *what it does*
if a train is going to million dollar island do you care if it is a few days late???? NO!!
the move in BITCF was astounding recently ! closed above $1
I think the same story is eventually coming for GAHC !!!!
i agree, may see a bitcf repeat here
i like blockchain tech incorporated myself...
if they do that then you can add .05 cents to the price almost immediately
we have a runner on our hands ... !
lol just kidding not yet
it will happen for sure, it is just a question of the right moment
the pattern in GAHC is quite similar to BITCF actually
GAHC looking like it is going to make a multi day massive volume vertical move and will likely take out the .08 high
yes i do and I have to say GAHC and bitcoin are holding up extremely well right now
I think the odds are both will skyrocket soon, maybe I was too cautious
it seems GAHC could make a similar move to BITCF like a vertical spike to .08 or .10
well it doesnt have to drop huge
but even a 6% correction from here in the stock market will seem very substantial
as far as why, well there are many reasons, yes earnings have been superb but earnings season is over and now the market will just ask "what now?"
north korea is a potential short term war risk. who knows if anything happens with that, i certainly do not wish for it, but if even the slightest provocation occurs it can lead to a huge spike in volatility and then what happens is people decide to sell *everything* that has been a risk asset or that they have huge profits in
it goes without saying that people have HUGE HUGE profits on bitcoin to almost absurd levels
if the chit hits the fan then there might be extended selling
as far as GAHC it might buck the trend and just flat line a bit more
or if there is news it might break out north... hard to say
either way until early October I see things getting sort of dicey
I sold half to be on the safe side
this time of year is a pain the butt anyway, huge whipsaw potential
I am a little bit concerned about how bitcoin closes this week.
Not bashing here, but if bitcoin closes near 3245 or even worse low 3200's this friday it is going to create a nasty looking weekly shooting star candle...
then my other concern is that when the stock market drops hard, bitcoin has a tendency to drop as well sometimes...
just throwing a little caution into the wind here....
all my research on the bitcoin price and GAHC next leg is coming into the time frame of mid September to October 1st as the next peak
interestingly this is coinciding with the time frame of a potential debt default of the united states
if the USA defaults on its debt we might see bitcoin get to 10,000 by end of September
forward looking events
I suspect that the debt limit increase by September 29 might turn out to be a serious event.
It may be a non event, but I think if it does turn into an event then we might see bitcoin skyrocket into that event or surge 50% on a debt default fears
https://www.forbes.com/sites/stancollender/2017/08/06/these-3-federal-debt-ceiling-nightmares-should-keep-you-awake-at-night/2/#7cec0072102e
The debt ceiling increase is in far more trouble than the Republican congressional leadership, the Trump administration and Wall Street are admitting.
there is not a perfect correlation
plus, anyone who is bullish on GAHC would not want it to just spike up to that price in one day. stocks that do that are usually one time wonders
the BEST thing GAHC has going for it is that it trades in an orderly upward trending fashion where the spikes usually occur after much base building
this is good for much much higher prices
I think bitcoin going up into October 1 into the debt ceiling
I am thinking bitcoin will run very big into October 1st
very nice action today as exptected
you are saying .0835 is it with no extension above it ?
Maybe by end of year
would love to see GAHC at .25 cents before the end of this year
mcafee may be a nut, but he seems to be correct about the bitcoin price in 2020
I have 74,000 bitcoin price by end of 2018 and 470,000 price by January 1, 2020
based on bitcoin trading in a channel and topside targets
below is a yearly price chart of bitcoin
depending on how crazy things get I can see 30,000 by end of this year
If the chart projections are correct then it suggests that GAHC will break up and through the topside of it's channel and head into dollar range between 1 and 10 dollars
pretty amazing that john mcafee is saying bitcoin at $500,000 within 3 years...
i wonder what gahc will be with bitcoin at $500,000 lol
there is no perfect 1:1 correlation that works like clock work
GAHC is a little bit like silver and moves on a lagging basis to bitcoin
but there is still a correlation
yes me too. it is a very very tough sector especially mining stocks with their high costs...
and then if stock market goes down miners suffer even if metals prices are going up...
at some point i may go long the sector again but only after a true smashing and total wipe out in the sector
i think many gold bugs are stubborn about crypto because they think it is all fake and not a 'real asset' like gold...
but the problem is most people will buy into anything if it keeps going up
gold performance has been so piss poor and takes forever to go anywhere. not to mention the fact that governments hate it
the funny thing is we are getting all excited about this nice little breakout in bitcoin
but a couple years from now when/if bitcoin is 100,000 per coin we might be laughing how we thought this move was a big deal...
heck warren buffetts berkshire hathaway is $270,000 a share with almost half a billion market cap
if bitcoin gets accepted for use for international trade $50,000 will be extremely cheap
yea and a few highly regarded gold advisors were pounding their fists on the table about how gold is ready to breakout and then it collapses....
at the end of the day it comes down to supply and demand...
there are hundreds of MJ stocks out there and they still move up based on potential only
Uranium mining sector very small and what maybe 50 total uranium mining stocks ?
blockchain stocks maybe the smallest sector out of all of them and yet the size of this potential market likely to be 100X bigger than all of the previous sectors combined
I think a lot of gold investors are going to come into this sector. A 12% move up in bitcoin like we are seeing now would but gold at $1400 in one day!
Gold bugs are tired of seeing gold and mining stocks get slammed. AG and EXK got slammed really bad yesterday.
if 5% of gold crowd moves into crypto that would be 300 billion added
I mean gold bugs have got to be looking at the performance of bitcoin and thinking to themselves I have to get on this train