Hello my name is Tom
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Yes it is potentially scary. Hard to believe usa will turn into Venezuela but our debt is massive so? Bottom line is we cannot really trust government to save the day when currency gets destroyed. So world citizens by themselves will have to develop consensus on best medium of exchange.
either way, I see bitcoin moving up in what will be considered the greatest bubble in all world history.
this should all take place going into 2020 as government currencies collapse and countries go bankrupt
I wonder what the price of GAHC will be when bitcoin hits $100,000 or $1,000,000
i have mixed thoughts on GAHC, part of me wants to see GAHC blast to the moon very soon, but the other part wants to just see it flat line and base for longer time frame so I can acculumate massive amounts of more shares.
it is hard to get large position when this is in the .02's .03's and .05's !!!!
if le pen wins this weekend then expect bitcoin to be up 50%
in one day next week and gahc up 100% in one day
https://www.washingtonpost.com/news/worldviews/wp/2017/05/05/if-le-pen-beats-macron-the-once-unthinkable-will-be-all-too-real/?utm_term=.d30e4b3c9a50
wednesday decline was on 50% less volume compared to previous day... looks like a clear shakeout for MM's to accumulate more shares... they are trying every trick in the book to prevent this to break .02
a very limited supply of blockchain companies to buy with massive tidal wave of demand... hmmm seems like millions of new $$ could plow into GAHC and spike it to dollars
any selloffs or breakdowns in the shares of most blockchain stocks should be seen as huge gifts IMO
focus on the weekly RSI if you want to ride the super trend
my work is showing that that breakout in GAHC will only be getting STARTED when the WEEKLY RSI gets to 70 or greater value
when BITCF's weekly RSI hit 70 it was at .07 cents and it went higher for 6 more weeks to almost $1.00
I just wish they could rename the company to blockchain technologies inc !!!
that would spike us to $1.00 IMO
once .019 is busted then .02 will become a new support floor on which GAHC can build a new base for eventual attack on .10
I made another calculation of the monthly trading bitcoin price and I have a way of determining what a max price could be based on monthly RSI (relative strength indicator)
On two previous occasions in 2013 the monthly RSI for bitcoin hit around the 96 range which is extreme.
Using a spreadsheet I can project what the monthly bitcoin price needs to be for us to hit 96 RSI again and I get a monthly closing price between 5000 to 7000.
If you think we cannot hit 5000 to 7000 THIS MONTH in bitcoin price think again ...
I made a calculation on the annualized % return of bitcoin since 2011. It is over 100% annualized. Very impressive and it makes bitcoin the worlds leading asset class since 2011.
Mr. Falkvinge, like other analysts, view Bitcoin’s central value as the cryptocurrency’s transactional purposes, which is made possible by the underlying blockchain technology. The question then becomes: How much of the transactional market can Bitcoin capture?
Estimating the size of the transactional currency market is hard to do, but the amount of money in circulation worldwide is posited at 60 trillion. Mr. Falkvinge believes it’s reasonable for Bitcoin to capture 1% to 10%. Mr. Falkvinge writes:
This leads us to a target market cap of 600 billion to 6 trillion USD, to be fulfilled by about 6 million bitcoin, which makes for easy calculations. That means that each bitcoin would be worth $100,000 at the low market cap and $1,000,000 at the high market cap.
https://comparesilverprices.com/metals/bitcoin-price-one-million-dollars/
If you think about it, Bitcoin is basically like the gold price and GAHC is a gold exploration company.
This is why GAHC will generally move much higher in correlation to the Bitcoin price. It is by no means a perfect correlation but a correlation nonetheless.
I have been binging on youtube videos about the blockchain etc. and the more I look into it, the more it seems to suggest that bitcoin price will continue to go higher by an order of magnitude.
Let's assume that in our optimistic case for Bitcoin, the monetary base grows to $1 trillion dollars within ten years, which would represent a fraction of the U.S. dollar's total money supply and about half the value of the global market for gold. We could then divide this monetary base by the total number of bitcoins expected in circulation by 2024 (thanks to the known mining schedule). With 21 million BTC in circulation, we could see a $50,000 bitcoin with a $1 trillion monetary base.
I love this, you do a google search for blockchain stocks
and GAHC comes up right in google at the top fold.
And there are barely any blockchain stocks, a tiny handful.
https://www.google.com/search?q=blockchain+stocks&oq=blockchain+stocks&aqs=chrome..69i57j0l5.3343j0j4&sourceid=chrome&ie=UTF-8
think of how many gold mining, uranium mining, oil stocks etc there are...
gold mining stocks maybe 500 or 1000 ? uranium mining maybe 100 or 200
but blockchain stocks probably the smallest supply
But I do wish they would change their name to Blockchain technologies inc., that alone may spike this to .50 cents
lets just say the only thing that is ever accomplished is worldwide blockchain voting tech for all USA and international elections... it is a definite need especially in USA. The revenue potential on just this alone could be in the billions.
no one trusts elections in USA hence crappy voter turnout
welcome to the next goooooooooooooooooooooooooooooooogle lol
once we are above .02, then .02 becomes a pretty solid base of new support and opens the door to .05 .10 etc etc. down the road
very possible, just remember the internet craze of early to late 1990's.... internet stocks with multi billion dollar valuations 100$ share prices and zero revenues.
Well as to whether or not we are going to .80
well for starters look at this post:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=130748123
If you think of Blockchain tech right now as basically where the internet was in its development in 1991 or 1994, then I think it is safe to say that GAHC will easily get to .80
If you remember what happened in the 1994 time frame the internet was just getting started, but there was massive innovation and expansion and internet stocks with the simple word 'dotcom' in their names became 100 baggers.
I think GAHC can get to dollars range just on the hype and speculation of the promise of this industry. Of course then there will be a shakeout and the chips will settle down and the real players will emerge. But that doesnt mean you can't ride the train to dollar range.
Watch this guys videos he is really good at explaining this stuff:
https://www.youtube.com/user/aantonop/videos
there will be profit taking here and there, that I can guarantee. but that will be a golden opportunity to buy more shares.
BITCF had 5 or 6 profit taking episodes of between 40 to 65% under .05 cents until one day it decided to blast to .80 cents.
midnight video
https://www.forbes.com/video/4150135264001/
In a video interview with Steve Forbes, Brian Singer, head of William Blair’s Dynamic Allocation Strategies team, explains how Bitcoin and blockchain encryption has a greater ability to end world poverty than anything we’ve seen in decades.
Singer highlights that blockchain encryption, which is the payment system behind Bitcoin, provides the digital transfer of ownership in a completely transparent and public manner. He goes on to explain that one of the most powerful elements in the creation of wealth is the ownership of property. “When you own something, you will develop it,” Singer says.
He adds that giving impoverished individuals the right of ownership to property in an absolute transparent and public way provides them with what they most need to bring themselves out of poverty. The payment system will also become the standard for banks and credit card companies, according to Singer. “But what’s more interesting is what it can do to poverty around the world.”
According to this guy it is likely to increase 3x to 5x from current levels
http://www.cnbc.com/2017/01/04/can-bitcoin-replace-gold-as-the-new-safe-haven.html
on second thought, we may not stop at .02 for too long, since this would be the third time up at that level, usually third attempts are broken more swiftly
i didn't think we would be at .02 by the end of this week, but it sure does look that is how this is going to roll.
There will be some sellers at .02 of course, which should make a nice little handle platform to rebuild and blast to .05 next leg
not even lunchtime yet and we are already at 8.5 million shares which was yesterdays max
But yesterdays shooting star candlestick was supposed to be short term bearish.
But so far it looks like it is being rejected as a bearish signal. Instead it has created the "hound of the Baskervilles" signal, when the dog did not bark something else is going on...
pennies, then nickels, then dimes, then quarters, then dollars lol
I think a lot were waiting to buy in the .007 to .008 range on a pullback... well it didn't happen, and now may cause a surge
When GAHC gets to .30+ then you will learn to love charting :)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=130748123
.01 was a natural resistance area of previous buyers who bought at the top, guaranteed selling of them wanting to get out..
so we churn here and make a handle of a cup and handle and THEN blast through .01
rome was not built in one day
it is also a inverse head and shoulders chart with a projection to .03 to .05 or higher
the way GAHC is trading it could be at .019 within a short week, especially if Lepen wins !!!
I have been studying the GAHC price chart a lot and I have come to the conclusion that GAHC is moving on the strength of bitcoin price.
If you pull up a long term chart of bitcoin you can see that it is about to enter a parabolic phase of upside movement.
I think a possible pivotal issue is the French elections over the next couple of weeks. If Lepen wins, then it means the end of the European Union, the END of the EURO currency, more countries leaving the union etc.
And that should be bullish for alternative currencies ie. bitcoin.