Price Of Bitcoin Is Nosediving! When It Will Stop? |My Bitcoin Fundamental & Technical Analysis | 26 September 2019 by cryptospa

View this thread on steempeak.com
· @cryptospa ·
$0.86
Price Of Bitcoin Is Nosediving! When It Will Stop? |My Bitcoin Fundamental & Technical Analysis | 26 September 2019
**Hello dear Steemians!**

---
***Let me share once again my view on Bitcoin's current situation, according to the Technical & Candlestick & Fundamental analysis that I have developed and used for the last 13+ years working as a trader and a portfolio manager.***

*And sorry for my English, but I hope you will be able to understand my logic that I have set out below.*

---

Recently the price of Bitcoin has been under significant pressure. Just a few day ago when I wrote my [previous analysis](https://www.steemleo.com/steemleo/@cryptospa/bitcoin-btc-price-technical-analysis-or-22-september-2019) Bitcoin was trading at the level of $ 10'029 on the crypto exchange Bitfinex.  If we have a look, at the moment, at BTC/USD pair on 1-day time fame we will see that on Bitfinex Bitcoin is trading at the level $7'949:
![TA BTC 26.09.2019 pic 1 F.jpg](https://cdn.steemitimages.com/DQmUpgn6cc2JQRRnzVRJsDEhVp3SpmCiCK64SMvFh5ns9qg/TA%20BTC%2026.09.2019%20pic%201%20F.jpg)
So, the price is down more than 20% since I wrote my [previous analysis](https://www.steemleo.com/steemleo/@cryptospa/bitcoin-btc-price-technical-analysis-or-22-september-2019).

---

And, now I want to mention that a few people have asked me today if I would buy BTC at current levels (*around $7900-$8000* per one digital coin). And my answer is very simple: ***"I will not try to catch a falling knife!"*** 

## Now let me explain you why I will abstain from buying BTC at the moment (although during the current ongoing nosediving of the price of Bitcoin we may see some good price rebounds). 

<br>

**First of all fundamentally=technically the ecosystem of Bitcoin has improved just slightly for the last 2 years, in my view. The [Lighting Network](https://www.rompert.com/recksplorer) was launched in January 2018. That's it!**

Actually, I haven't seen any other significant fundamental changes since then. And, unfortunately, the development of the [Lightning Network](https://bitcoinvisuals.com/ln-capacity)(LN) of Bitcoin so far is quite small in order to trigger another sustainable bull run of price of Bitcoin. Btw, in addition, I am not pretty sure that the LN is the potential solution to the scalability problem of Bitcoin ... That's why it may turn out, that for the last 2 years technically the ecosystem in Bitcoin has been in a solid stagnation and has not done any progress. Because of all I just mentioned I think that Bitcoin is overbought. I still cannot figure out where the exact fundamental price of Bitcoin is ... but I will be very cautious if I buy Bitcoin at levels over $3000 per one digital coin if the scalability issue remains unsolved. Of course, if Bitcoin community solves the scalability issue, than the highway will open, and the price of Bitcoin will skyrocket to levels such as $ 100'000, $200'000 or even $1 million ...but once again I will reiterate that the scalability issue is not solved, and I personally haven't seen some solid progress in this direction so far. That's why (once again) levels over $3000 per one digital coin seem to me to be very high for Bitcoin. (***I have shared my logic many many times since December 2017***).

Ah, in addition, in the summer when the dominance rate of Bitcoin rebounded and hit almost 70% in September I expressed many times my worry about it, saying that this is a bad signal for the crypto market:
![TA BTC 26.09.2019 pic 2 F.jpg](https://cdn.steemitimages.com/DQmTSF4AxNKd9m9adMqRKKi6AvTZ17iHo3jzEddKp4SPHkJ/TA%20BTC%2026.09.2019%20pic%202%20F.jpg) 
Why the dominance rate of Bitcoin has increased recently? My answer is very simple: The smart money sold most of their alctoins and transferred their money into Bitcoin (and into a few other reliable cryptocurrencies as well, but the lion share was for Bitcoin). That's why the price of Bitcoin increased significantly in the spring and in the summer. Also some other cryptos followed ***to some extent*** the trajectory of BTC. For example: Ethereum, Litecoin, Bitcoin Cash, etc. But most of the other alternative coins recorded just slight upticks and then their prices nosedived. Because I said just mentiond the smart money left the altcoins and moved to Bitcoin. Why it happened? My answer to the question is very simple: Because the smart money have realized that the Blockchain technology is still not mature enough, the technical scalability problem of Bitcoin will be very difficult to solve ... So to put it in a nutshell the smart money have realized that at the moment the crypto market is not strong enough and has not the capability necessary to challenge and to start to compete with the current centralized financial system. That's why the smart money sold the altcoins (the risky projects) and have bought the most reliable crypto such as Bitcoin. This is the right hedge or step during a crises in the cryptocurrency market. 

To be honest I have seen many similar situations on the financial markets for my 13,5 years as a trader and portfolio manager. For example, at the very beginning of a crisis on the stock market the smart money sell their risky stocks and move to gold, bonds, blue chips, etc. So during a crisis the blue chips suffer less than the risky stocks. The same happened on the crypto market: money went from risky shares (alternative coins) into blue chips (Bitcoin, Litecoin, Bitcoin Cash, Ethereum, etc.). So, seems that the smart money are preparing for a long continuation of the *Bear Market*. So, fellows, it seems that it is a time to fasten our seat-belts!

*Ah, last year I talked about this situation in an hour-long [video](https://www.youtube.com/watch?v=44ymaXXubGg) ... In that video I even said a few times that the Bear Market is not over and will be quite long, although we could see sometimes rebounds. And I even said at the end of 2018 that I expected in 2019 some rebound and many people would start buying again crypto, not realizing what is going on. But ... usually people don't like to watch very long videos. That's why probably almost no one watched my video.*

---
---

## Now let's move to a Technical & Candlestick analysis of price chart of Bitcoin and try to see how the foreseeable future looks like:

<br>

Recently the price chart of BTC/USD has formed a ***Double Top***  on 1-Week time frame in the range between approximately $12'000 and $14'000 (*Chartists consider this technical formation as a reversal pattern/ a solid bearish signal*):
![TA BTC 26.09.2019 3 pic.jpg](https://cdn.steemitimages.com/DQmTXYziKdC8Ja7XmKKvPHHo4Xs7STuscTKXqafYeHh41AP/TA%20BTC%2026.09.2019%203%20pic.jpg)
Btw, I talked about the *Double Top* almost in most of my [*Cryptocurrency Market Overviews*](https://d.tube/#!/c/cryptospa) (videos) on [my DTube channel](https://d.tube/#!/c/cryptospa) when I conducted BTC/USD price chart analysis.

So we have a solid bearish signal (a *Double Top*) on a quite solid time frame (1-Week time frame). And just to remind you, the *Technical Analysis theory* says: *The heavier the time frame is, the more reliable the signal is!*

Now let's move to the candlesticks. On 1-Week time frame the *Double Top* switches into two *Bearish Engulfings* (*Chartists consider this technical formation as a reversal pattern/ a solid bearish signal*):
![TA BTC 26.09.2019 pic 4 F.jpg](https://cdn.steemitimages.com/DQmNk1uvhmvd3vWxv8WoQvxteGhBhLuDPHceieU7egRbuKx/TA%20BTC%2026.09.2019%20pic%204%20F.jpg)
So, it means that this is not just some *Double Top*, this *Double Top* is nailed by two *Bearish Engulfing*. That's quite bearish for me!

---

So, to sum up: Keeping in mind all I wrote about the fundamentals of Bitcoin and the Technical and Candlestick analysis I've done, at the moment I will definitely not try to catch that *falling knife* ...
![TA BTC 26.09.2019 pic 5 F.jpg](https://cdn.steemitimages.com/DQmUqma2DdBq4o7hAQ4ywwBXvRH12zJEG37rqDhgDMQEegW/TA%20BTC%2026.09.2019%20pic%205%20F.jpg)\
Yeah! During the nosediving of BTC there will be some price rebounds, but I will not risk ... I will wait for some time, and when I see some more reliable positive signal I may enter the market and conduct some trades (speculations).

---


*p.s. I just want to add that I am a big cryptocurrency enthusiasts and I do believe that one day the scalability issue in the cryptcurrency world will be solved and then the crypto will skyrocket! This market will reach a market cap of trillions of dollars!  But at the moment the technical scalability problem of crypto is still not solved, so we will have to wait a lot! So, dear Steemian, be careful!*






---
---

***A few words about me:***
*Just to let you know: I've been working professionally as a currency analyst for the last over 13 years, and as a cryptocurrency analyst for the last 2,5 years.*

---

***Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency trades, investments and etc.***

---
<a href="https://www.presearch.org/signup?rid=579310" target="_blank">
  <img src="https://www.presearch.org/images/rf/ban-4.jpg" title="Presearch" alt="presearch" />
</a>
**Learn How To** [Earn PRE Tokens By Using Presearch Decentralized Search Engine](https://steemit.com/cryptocurrency/@cryptospa/cryptocurrency-market-overview-or-07-03-2019)

---

[![Binance Banner 1.jpg](https://cdn.steemitimages.com/DQmeQLzD3GJo9tM8LcvHFi3yNET3vjEYMk475R5sqPBM13k/Binance%20Banner%201.jpg)](https://www.binance.com/?ref=28017531) 

---
[![Huobi Global Banner 1.jpg](https://cdn.steemitimages.com/DQmT9aFKqPWre49caSeeTEaNTDyq7wzEjBmtdsGq26C8wd9/Huobi%20Global%20Banner%201.jpg)](https://www.huobi.co/en-us/topic/invited/?invite_code=9g3a4)
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 40 others
properties (23)
post_id80,364,242
authorcryptospa
permlinkprice-of-bitcoin-is-nosediving-when-it-will-stop-or-my-bitcoin-fundamental-and-technical-analysis-or-26-september-2019
categorysteemleo
json_metadata{"tags":["steemleo","bitcoin","oc","trading","palnet","ctp","neoxian","imagenius"],"image":["https:\/\/cdn.steemitimages.com\/DQmUpgn6cc2JQRRnzVRJsDEhVp3SpmCiCK64SMvFh5ns9qg\/TA%20BTC%2026.09.2019%20pic%201%20F.jpg","https:\/\/cdn.steemitimages.com\/DQmTSF4AxNKd9m9adMqRKKi6AvTZ17iHo3jzEddKp4SPHkJ\/TA%20BTC%2026.09.2019%20pic%202%20F.jpg","https:\/\/cdn.steemitimages.com\/DQmTXYziKdC8Ja7XmKKvPHHo4Xs7STuscTKXqafYeHh41AP\/TA%20BTC%2026.09.2019%203%20pic.jpg","https:\/\/cdn.steemitimages.com\/DQmNk1uvhmvd3vWxv8WoQvxteGhBhLuDPHceieU7egRbuKx\/TA%20BTC%2026.09.2019%20pic%204%20F.jpg","https:\/\/cdn.steemitimages.com\/DQmUqma2DdBq4o7hAQ4ywwBXvRH12zJEG37rqDhgDMQEegW\/TA%20BTC%2026.09.2019%20pic%205%20F.jpg","https:\/\/www.presearch.org\/images\/rf\/ban-4.jpg","https:\/\/cdn.steemitimages.com\/DQmeQLzD3GJo9tM8LcvHFi3yNET3vjEYMk475R5sqPBM13k\/Binance%20Banner%201.jpg","https:\/\/cdn.steemitimages.com\/DQmT9aFKqPWre49caSeeTEaNTDyq7wzEjBmtdsGq26C8wd9\/Huobi%20Global%20Banner%201.jpg"],"links":["https:\/\/www.steemleo.com\/steemleo\/@cryptospa\/bitcoin-btc-price-technical-analysis-or-22-september-2019","https:\/\/www.rompert.com\/recksplorer","https:\/\/bitcoinvisuals.com\/ln-capacity","https:\/\/www.youtube.com\/watch?v=44ymaXXubGg","https:\/\/d.tube\/#!\/c\/cryptospa","https:\/\/www.presearch.org\/signup?rid=579310","https:\/\/steemit.com\/cryptocurrency\/@cryptospa\/cryptocurrency-market-overview-or-07-03-2019","https:\/\/www.binance.com\/?ref=28017531","https:\/\/www.huobi.co\/en-us\/topic\/invited\/?invite_code=9g3a4"],"app":"steemleo\/0.1","format":"markdown"}
created2019-09-26 19:10:48
last_update2019-09-26 19:10:48
depth0
children24
net_rshares3,422,448,400,884
last_payout2019-10-03 19:10:48
cashout_time1969-12-31 23:59:59
total_payout_value0.448 SBD
curator_payout_value0.416 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length9,674
author_reputation242,971,623,482,939
root_title"Price Of Bitcoin Is Nosediving! When It Will Stop? |My Bitcoin Fundamental & Technical Analysis | 26 September 2019"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (104)
@shuvo35 ·
Thanks for share information

Posted using [Partiko Android](https://partiko.app/referral/shuvo35)
πŸ‘  
properties (23)
post_id80,364,422
authorshuvo35
permlinkshuvo35-re-cryptospa-price-of-bitcoin-is-nosediving-when-it-will-stop-or-my-bitcoin-fundamental-and-technical-analysis-or-26-september-2019-20190926t191950528z
categorysteemleo
json_metadata{"app":"partiko","client":"android"}
created2019-09-26 19:19:51
last_update2019-09-26 19:19:51
depth1
children1
net_rshares7,943,028,739
last_payout2019-10-03 19:19:51
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length98
author_reputation1,359,356,390,878,524
root_title"Price Of Bitcoin Is Nosediving! When It Will Stop? |My Bitcoin Fundamental & Technical Analysis | 26 September 2019"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@cryptospa ·
You're welcome!

Posted using [Partiko Android](https://partiko.app/referral/cryptospa)
properties (22)
post_id80,364,451
authorcryptospa
permlinkcryptospa-re-shuvo35-shuvo35-re-cryptospa-price-of-bitcoin-is-nosediving-when-it-will-stop-or-my-bitcoin-fundamental-and-technical-analysis-or-26-september-2019-20190926t192109656z
categorysteemleo
json_metadata{"app":"partiko","client":"android"}
created2019-09-26 19:21:09
last_update2019-09-26 19:21:09
depth2
children0
net_rshares0
last_payout2019-10-03 19:21:09
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length87
author_reputation242,971,623,482,939
root_title"Price Of Bitcoin Is Nosediving! When It Will Stop? |My Bitcoin Fundamental & Technical Analysis | 26 September 2019"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@leo.voter ·
Thanks for posting from https://steemleo.com 🦁
πŸ‘  ,
properties (23)
post_id80,364,467
authorleo.voter
permlinkpygds5
categorysteemleo
json_metadata{"tags":["steemleo"],"links":["https:\/\/steemleo.com"],"app":"steemleo\/0.1"}
created2019-09-26 19:21:42
last_update2019-09-26 19:21:42
depth1
children1
net_rshares57,494,572,534
last_payout2019-10-03 19:21:45
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length46
author_reputation1,680,952,941,799
root_title"Price Of Bitcoin Is Nosediving! When It Will Stop? |My Bitcoin Fundamental & Technical Analysis | 26 September 2019"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (2)
@cryptospa ·
Thank you for the support!

I also published the link to my post in my Twitter account and will add it to Uptrennd as well.

Posted using [Partiko Android](https://partiko.app/referral/cryptospa)
properties (22)
post_id80,364,498
authorcryptospa
permlinkcryptospa-re-leo-voter-pygds5-20190926t192326031z
categorysteemleo
json_metadata{"app":"partiko","client":"android"}
created2019-09-26 19:23:27
last_update2019-09-26 19:23:27
depth2
children0
net_rshares0
last_payout2019-10-03 19:23:27
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length195
author_reputation242,971,623,482,939
root_title"Price Of Bitcoin Is Nosediving! When It Will Stop? |My Bitcoin Fundamental & Technical Analysis | 26 September 2019"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@partiko ·
Thank you so much for participating in the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 3.02% upvote! Together, let’s change the world!
πŸ‘  ,
properties (23)
post_id80,364,626
authorpartiko
permlinkre-price-of-bitcoin-is-nosediving-when-it-will-stop-or-my-bitcoin-fundamental-and-technical-analysis-or-26-september-2019-20190926t193010
categorysteemleo
json_metadata{"app":"partiko"}
created2019-09-26 19:30:12
last_update2019-09-26 19:30:12
depth1
children1
net_rshares11,308,216,375
last_payout2019-10-03 19:30:12
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length213
author_reputation39,204,266,552,701
root_title"Price Of Bitcoin Is Nosediving! When It Will Stop? |My Bitcoin Fundamental & Technical Analysis | 26 September 2019"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (2)
@cryptospa ·
Thank you!

Posted using [Partiko Android](https://partiko.app/referral/cryptospa)
properties (22)
post_id80,364,714
authorcryptospa
permlinkcryptospa-re-partiko-re-price-of-bitcoin-is-nosediving-when-it-will-stop-or-my-bitcoin-fundamental-and-technical-analysis-or-26-september-2019-20190926t193010-20190926t193356604z
categorysteemleo
json_metadata{"app":"partiko","client":"android"}
created2019-09-26 19:33:57
last_update2019-09-26 19:33:57
depth2
children0
net_rshares0
last_payout2019-10-03 19:33:57
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length82
author_reputation242,971,623,482,939
root_title"Price Of Bitcoin Is Nosediving! When It Will Stop? |My Bitcoin Fundamental & Technical Analysis | 26 September 2019"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@cryptoprima ·
Thank you for the interesting  analysis of Bitcoin!

Posted using [Partiko Android](https://partiko.app/referral/cryptoprima)
πŸ‘  
properties (23)
post_id80,364,763
authorcryptoprima
permlinkcryptoprima-re-cryptospa-price-of-bitcoin-is-nosediving-when-it-will-stop-or-my-bitcoin-fundamental-and-technical-analysis-or-26-september-2019-20190926t193641243z
categorysteemleo
json_metadata{"app":"partiko","client":"android"}
created2019-09-26 19:36:42
last_update2019-09-26 19:36:42
depth1
children1
net_rshares15,904,444,010
last_payout2019-10-03 19:36:42
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length125
author_reputation14,454,397,707,459
root_title"Price Of Bitcoin Is Nosediving! When It Will Stop? |My Bitcoin Fundamental & Technical Analysis | 26 September 2019"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@cryptospa ·
Glad you liked it and commented!

Posted using [Partiko Android](https://partiko.app/referral/cryptospa)
properties (22)
post_id80,364,797
authorcryptospa
permlinkcryptospa-re-cryptoprima-cryptoprima-re-cryptospa-price-of-bitcoin-is-nosediving-when-it-will-stop-or-my-bitcoin-fundamental-and-technical-analysis-or-26-september-2019-20190926t193756274z
categorysteemleo
json_metadata{"app":"partiko","client":"android"}
created2019-09-26 19:37:57
last_update2019-09-26 19:37:57
depth2
children0
net_rshares0
last_payout2019-10-03 19:37:57
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length104
author_reputation242,971,623,482,939
root_title"Price Of Bitcoin Is Nosediving! When It Will Stop? |My Bitcoin Fundamental & Technical Analysis | 26 September 2019"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@toofasteddie ·
Excellent analysis @cryptospa ... I am certainly concerned about the current scenario as well... if there is no fresh money (FIAT) entering in the ecosystem it could mean that next step would be the transformation of the current BTC to the FIAT again...
I hope I am wrong but it looks very likely now...
πŸ‘  
properties (23)
post_id80,364,875
authortoofasteddie
permlinkpygenw
categorysteemleo
json_metadata{"tags":["steemleo"],"users":["cryptospa"],"app":"steemit\/0.1"}
created2019-09-26 19:40:45
last_update2019-09-26 19:40:45
depth1
children4
net_rshares14,388,324,895
last_payout2019-10-03 19:40:45
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length303
author_reputation125,250,012,469,929
root_title"Price Of Bitcoin Is Nosediving! When It Will Stop? |My Bitcoin Fundamental & Technical Analysis | 26 September 2019"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@cryptospa ·
@toofasteddie, thank you for stopping by!

Let me add some words to your comment. If there is some additional money flow to Bitcoin's ecosystem (or cryptcurrency world) it would be much better if this money are allocated to the programmers, so that they continue to work on solving the scalability issue of Bitcoin (or the cryptocurrencies). If this money just go to the exchanges and the investors buy with them Bitcoins, it won't help ... Yeah it may trigger a slight price uptick, but it won't be sustainable, and the Bear Market will continue and the investors will lose their money.

Based on my experience, back in 2008 the situation on the stock markets was quite similar. The companies had bad economic fundamentals, their prices were falling down and falling down (I talk about the Bear Market during the Global Financial Crises). We (young financial analysts) were heavily invested into stocks ... and when some big hedge funds started to buy stocks we thought it would be the beginning of the reversal of the Bear Market. At that time even when some huge investment funds and even Warrent Buffet bought some shares and invested billions of dollars into stocks they couldn't reversed the Bear trand (just slight price upticks for a month or two)... The end of the bear market came when the companies (which shares/stocks were traded) fixed their fundamentals, not when the big investors were buying the cheap "falling stocks" ... 

So, my point of view, based on my experience, is that the money has to go to fix the scalability issue of Bitcoin, not the price. If the scalability issue solved, then the price will fix itself alone.

p.s. I remember that back at the end of 2017 it was probably Charlie Lie of Litecoin who said that it would be better if the money goes to the programmers working on the code of Bitcoin rather than to go to exchanges and to pump the price of Bitcoin just speculatively.
πŸ‘  , ,
properties (23)
post_id80,365,523
authorcryptospa
permlinkpygg4w
categorysteemleo
json_metadata{"tags":["steemleo"],"users":["toofasteddie"],"app":"steemleo\/0.1"}
created2019-09-26 20:12:33
last_update2019-09-26 20:12:33
depth2
children1
net_rshares80,267,530,032
last_payout2019-10-03 20:12:33
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length1,913
author_reputation242,971,623,482,939
root_title"Price Of Bitcoin Is Nosediving! When It Will Stop? |My Bitcoin Fundamental & Technical Analysis | 26 September 2019"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (3)
@toofasteddie ·
Agree 100%
πŸ‘  
properties (23)
post_id80,365,748
authortoofasteddie
permlinkpyggq3
categorysteemleo
json_metadata{"tags":["steemleo"],"app":"steemit\/0.1"}
created2019-09-26 20:25:15
last_update2019-09-26 20:25:15
depth3
children0
net_rshares7,973,658,357
last_payout2019-10-03 20:25:15
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length10
author_reputation125,250,012,469,929
root_title"Price Of Bitcoin Is Nosediving! When It Will Stop? |My Bitcoin Fundamental & Technical Analysis | 26 September 2019"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@crypto.piotr ·
> it could mean that next step would be the transformation of the current BTC to the FIAT again...

What do you mean by that @toofasteddie?
πŸ‘  
properties (23)
post_id80,367,031
authorcrypto.piotr
permlinkpygjcr
categorysteemleo
json_metadata{"tags":["steemleo"],"users":["toofasteddie"],"app":"steemit\/0.1"}
created2019-09-26 21:21:54
last_update2019-09-26 21:21:54
depth2
children1
net_rshares7,958,447,887
last_payout2019-10-03 21:21:54
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length139
author_reputation125,570,865,859,056
root_title"Price Of Bitcoin Is Nosediving! When It Will Stop? |My Bitcoin Fundamental & Technical Analysis | 26 September 2019"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars0
author_curate_reward""
vote details (1)
@toofasteddie ·
Investors selling bitcoin for FIAT

Posted using [Partiko iOS](https://partiko.app/referral/toofasteddie)
properties (22)
post_id80,367,194
authortoofasteddie
permlinktoofasteddie-re-crypto-piotr-pygjcr-20190926t212822723z
categorysteemleo
json_metadata{"app":"partiko","client":"ios"}
created2019-09-26 21:28:24
last_update2019-09-26 21:28:24
depth3
children0
net_rshares0
last_payout2019-10-03 21:28:24
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length105
author_reputation125,250,012,469,929
root_title"Price Of Bitcoin Is Nosediving! When It Will Stop? |My Bitcoin Fundamental & Technical Analysis | 26 September 2019"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@acesontop ·
In 2017 it was not the Lightning Network or any of the use cases for Bitcoin that drove its price to almost $20,000. It was pure speculation, FOMO, a new get rich quick scheme and probably a strong price manipulation conducted by whales and investment firms. Bitcoin will never replace fiat in my opinion. It will have some other purpose. I do believe though that in a decade or two more stablecoins will emerge that would be used world wide in all sort of known and unknown ways to purchase and transfers. Not Bitcoin. I appreciate your efforts to justify Bitcoin's recent price action and for the major altcoins also but I doubt it has anything to do with fundamentals and use case. Such assets are still influenced by too many factors and get into all sort of hands. I wouldn't compare them with classical ones. Times are changing and so investments. I admit that I wasn't expecting such a move and even purchased some ETH at $220 but this market is very unpredictable. Reactions are many and it's curious that most of the crypto outlets were expecting a new wave up when Bitcoin decided to do the opposite. Will now do the same and go up when everybody got bearish? We'll see. I don't see it close to $3,000 again though. Again I appreciate your efforts put up for this post. Have a good night!
πŸ‘  
properties (23)
post_id80,365,460
authoracesontop
permlinkpygfz8
categorysteemleo
json_metadata{"tags":["steemleo"],"app":"steemit\/0.1"}
created2019-09-26 20:09:09
last_update2019-09-26 20:09:09
depth1
children1
net_rshares14,335,592,304
last_payout2019-10-03 20:09:09
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length1,298
author_reputation130,483,487,426,039
root_title"Price Of Bitcoin Is Nosediving! When It Will Stop? |My Bitcoin Fundamental & Technical Analysis | 26 September 2019"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@cryptospa ·
Thank you, @acesontop!
Btw, in 2017 I followed very closely the situation on the crypto market. And at that time I worked as a cryptocurrency analyst for a very big brokerage company. So, at that time I wrote many articles and analysis about price of Bitcoin and crypto (probably 2-5 a day). The price rise was due to a hype/FOMO. So, the price of Bitcoin formed a BUBBLE. I have seen such kind of situations many many times, and I experienced it personally back in 2008. The Bubble unfolds almost always in a similar way... And I was able to predict back in 2017 in December that the bubble will burst ... exactly when Bitcoin hit $20 000 and retraced to $14 000 (last days of December).  Then I wrote for many leading media outlets in Russia that it seems that's the end of the hype...Anyway.
properties (22)
post_id80,365,687
authorcryptospa
permlinkpyggl0
categorysteemleo
json_metadata{"tags":["steemleo"],"users":["acesontop"],"app":"steemleo\/0.1"}
created2019-09-26 20:22:12
last_update2019-09-26 20:22:12
depth2
children0
net_rshares0
last_payout2019-10-03 20:22:12
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length794
author_reputation242,971,623,482,939
root_title"Price Of Bitcoin Is Nosediving! When It Will Stop? |My Bitcoin Fundamental & Technical Analysis | 26 September 2019"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@flaxz ·
$0.02
Thanks for a really great analysis of Bitcoin @cryptospa, very interesting to read and I agree with your conclusions, BTC has not fixed it's fundamentals, and the uptrend combined with a much higher dominance rate do look like money moving from the altcoins into Bitcoin, so is it now moving from Bitcoin and into Fiat again?

Stay awesome!
πŸ‘  ,
properties (23)
post_id80,366,859
authorflaxz
permlinkre-cryptospa-pygj03
categorysteemleo
json_metadata{"tags":["steemleo"],"app":"steempeak\/1.17.1"}
created2019-09-26 21:14:30
last_update2019-09-26 21:14:30
depth1
children2
net_rshares115,864,608,959
last_payout2019-10-03 21:14:30
cashout_time1969-12-31 23:59:59
total_payout_value0.011 SBD
curator_payout_value0.011 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length340
author_reputation62,293,745,530,431
root_title"Price Of Bitcoin Is Nosediving! When It Will Stop? |My Bitcoin Fundamental & Technical Analysis | 26 September 2019"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (2)
@cryptospa ·
Thank you for stopping by, reading and awesomely commenting, @flaxz!

I will give an answer to your question (will share my view on it) a bit later. 

Stay awesome!

Posted using [Partiko Android](https://partiko.app/referral/cryptospa)
πŸ‘  
properties (23)
post_id80,368,103
authorcryptospa
permlinkcryptospa-re-flaxz-re-cryptospa-pygj03-20190926t221152306z
categorysteemleo
json_metadata{"app":"partiko","client":"android"}
created2019-09-26 22:11:51
last_update2019-09-26 22:11:51
depth2
children1
net_rshares108,171,266
last_payout2019-10-03 22:11:51
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length236
author_reputation242,971,623,482,939
root_title"Price Of Bitcoin Is Nosediving! When It Will Stop? |My Bitcoin Fundamental & Technical Analysis | 26 September 2019"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@flaxz ·
πŸ‘πŸ˜€<div class="pull-right"><sub><a href="/@steemreply/steemreply-stay-in-touch-with-your-steem-network">Posted with <img src="http://steemreply.com/logo-comment.png"/></a></sub></div>
properties (22)
post_id80,387,624
authorflaxz
permlinkre-cryptospa-re-flaxz-re-cryptospa-pygj03-20190926t221152306z
categorysteemleo
json_metadata{}
created2019-09-27 14:16:54
last_update2019-09-27 14:16:54
depth3
children0
net_rshares0
last_payout2019-10-04 14:16:54
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length182
author_reputation62,293,745,530,431
root_title"Price Of Bitcoin Is Nosediving! When It Will Stop? |My Bitcoin Fundamental & Technical Analysis | 26 September 2019"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@crypto.piotr ·
Thank you for sharing your view on current situation @cryptospa.

ps. your english is just fine, don't worry about it buddy
Upvote on the way :)
πŸ‘  
properties (23)
post_id80,367,006
authorcrypto.piotr
permlinkpygjbb
categorysteemleo
json_metadata{"tags":["steemleo"],"users":["cryptospa"],"app":"steemit\/0.1"}
created2019-09-26 21:21:03
last_update2019-09-26 21:21:03
depth1
children1
net_rshares15,777,660,999
last_payout2019-10-03 21:21:03
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length144
author_reputation125,570,865,859,056
root_title"Price Of Bitcoin Is Nosediving! When It Will Stop? |My Bitcoin Fundamental & Technical Analysis | 26 September 2019"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars0
author_curate_reward""
vote details (1)
@cryptospa ·
Thank you for stopping by, @crypto.piotr! 

And, thanks for the upvote!

Posted using [Partiko Android](https://partiko.app/referral/cryptospa)
properties (22)
post_id80,368,125
authorcryptospa
permlinkcryptospa-re-crypto-piotr-pygjbb-20190926t221258931z
categorysteemleo
json_metadata{"app":"partiko","client":"android"}
created2019-09-26 22:13:00
last_update2019-09-26 22:13:00
depth2
children0
net_rshares0
last_payout2019-10-03 22:13:00
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length143
author_reputation242,971,623,482,939
root_title"Price Of Bitcoin Is Nosediving! When It Will Stop? |My Bitcoin Fundamental & Technical Analysis | 26 September 2019"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@kelvin14 · (edited)
Great commentary. Most of the Technical Analysts I have read in the past 5 days have predicted bear outlook for BTC. Just how low can it go?

 A month or so ago, I have sold BTC and purchased DAI in my Amontech wallet  https://amon.tech and I am getting paid interest around 10% paid weekly!!!

Your observations about scaling (or lack thereof) are well known and accepted (except by BTC maximalists).

As said loud and clear by Richard Heart -  https://hex.win ...after 10 years BTC use and adoption (or any altcoin)  for that matter been abysmal. 

What is needed is a technological and marketing breakthrough; so have a look at Apollo. https://apollocurrency.com/en/platform it does everything much better that BTC or any of the other Alts!

All the best in this exciting space.
πŸ‘  
properties (23)
post_id80,373,466
authorkelvin14
permlinkpygxwq
categorysteemleo
json_metadata{"tags":["steemleo"],"links":["https:\/\/amon.tech","https:\/\/hex.win","https:\/\/apollocurrency.com\/en\/platform"],"app":"steemit\/0.1"}
created2019-09-27 02:36:27
last_update2019-09-27 02:45:15
depth1
children1
net_rshares15,714,589,454
last_payout2019-10-04 02:36:27
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length781
author_reputation41,900,791,057
root_title"Price Of Bitcoin Is Nosediving! When It Will Stop? |My Bitcoin Fundamental & Technical Analysis | 26 September 2019"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@cryptospa ·
@kelvin14, thank you for stopping by and commenting. Glad you liked my post.

I will have a look at Apollo.
properties (22)
post_id80,380,751
authorcryptospa
permlinkpyhew6
categorysteemleo
json_metadata{"tags":["steemleo"],"users":["kelvin14"],"app":"steemleo\/0.1"}
created2019-09-27 08:43:18
last_update2019-09-27 08:43:18
depth2
children0
net_rshares0
last_payout2019-10-04 08:43:18
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length107
author_reputation242,971,623,482,939
root_title"Price Of Bitcoin Is Nosediving! When It Will Stop? |My Bitcoin Fundamental & Technical Analysis | 26 September 2019"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@weedermann ·
Frankly, I have NO ISSUE with the present free-fall of bitcoin. 

It amazes me how frightened consumers seem to be. I see it as a GREAT BOON. All the more opportunity to buy as much as I can considering how small my budget is for any kind of investing.
πŸ‘  ,
properties (23)
post_id80,400,148
authorweedermann
permlinkpyik8k
categorysteemleo
json_metadata{"tags":["steemleo","ctp"],"app":"clicktrackprofit\/0.1"}
created2019-09-27 23:36:18
last_update2019-09-27 23:36:18
depth1
children1
net_rshares16,389,562,328
last_payout2019-10-04 23:36:18
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length252
author_reputation82,751,862,601
root_title"Price Of Bitcoin Is Nosediving! When It Will Stop? |My Bitcoin Fundamental & Technical Analysis | 26 September 2019"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (2)
@cryptospa ·
Yeah, man! We are here for the long run. So, we don't have to panic.
πŸ‘  
properties (23)
post_id80,449,518
authorcryptospa
permlinkpylxaz
categorysteemleo
json_metadata{"tags":["steemleo"],"app":"steemleo\/0.1"}
created2019-09-29 19:11:24
last_update2019-09-29 19:11:24
depth2
children0
net_rshares530,525,668
last_payout2019-10-06 19:11:24
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length68
author_reputation242,971,623,482,939
root_title"Price Of Bitcoin Is Nosediving! When It Will Stop? |My Bitcoin Fundamental & Technical Analysis | 26 September 2019"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)