Thanks for the written version of your update, Mark. It also allowed me to fully understand what you did more fully in the video. Keep it up. Good job!!
Grwat update, thank you Mark! Looking good so far- we need a bit of extension, no rush. If bitcoin falls further (and it looks like it may in the coming days, even to around 30k) do you think it may fall close to the buying zone? If so, should we load up a bit or it needs to CROSS the black line?
Hi Mark, thanks for your update. I’m new to the crypto markets having entered at the turn of the year. I subscribe to both this and your Altcoin insights and the advice has been really solid so far, so thank you.
I got in to the market because I couldn’t ignore it. Can you tell me in simple terms why you are bullish on Bitcoin long term? As I see it everyone is just speculating on the price and whilst that’s great and you can make a load of money from it, what is the actual utility of a Bitcoin? Currently Bitcoin mining consumes more energy than the Netherlands and nearly 2/3 of this is derived from fossil fuels (www.bbc.co.uk/news/amp/science-environment-56215787). This raises some questions for me about the scalability of Bitcoin as from my understanding the calculations required to mine new Bitcoin will become more complex and thus require exponentially more energy over time. Finally in spite of the price sky rocketing and possibly continuing to for many years I don’t see it being adopted as a mass currency of exchange at the moment? Ultimately people are just selling it for fiat profits.
So I accept that there’s a great opportunity to make some money here but without scalability and utility isn’t this all going to come crashing down in the year 2032 or whatever?
Hi Mark. Great informative video. Looking forward to next update. Being retired and not a lot of extra money to use for investing, we appreciate how you approach and present your data and well thoughtout opinions while cutting through all the noise surrounding bitcoin and crypto in general. Kudos.
Hi Mark, Thanks for the update. Where did you see the MVRV getting into the red zone? I am tracking this at lookintobitcoin.com and has not done that yet.
Thanks for the written version of your update, Mark. It also allowed me to fully understand what you did more fully in the video. Keep it up. Good job!!
Oh, wait, the miners position had changed...we'll see...
Grwat update, thank you Mark! Looking good so far- we need a bit of extension, no rush. If bitcoin falls further (and it looks like it may in the coming days, even to around 30k) do you think it may fall close to the buying zone? If so, should we load up a bit or it needs to CROSS the black line?
Hi Mark, thanks for your update. I’m new to the crypto markets having entered at the turn of the year. I subscribe to both this and your Altcoin insights and the advice has been really solid so far, so thank you.
I got in to the market because I couldn’t ignore it. Can you tell me in simple terms why you are bullish on Bitcoin long term? As I see it everyone is just speculating on the price and whilst that’s great and you can make a load of money from it, what is the actual utility of a Bitcoin? Currently Bitcoin mining consumes more energy than the Netherlands and nearly 2/3 of this is derived from fossil fuels (www.bbc.co.uk/news/amp/science-environment-56215787). This raises some questions for me about the scalability of Bitcoin as from my understanding the calculations required to mine new Bitcoin will become more complex and thus require exponentially more energy over time. Finally in spite of the price sky rocketing and possibly continuing to for many years I don’t see it being adopted as a mass currency of exchange at the moment? Ultimately people are just selling it for fiat profits.
So I accept that there’s a great opportunity to make some money here but without scalability and utility isn’t this all going to come crashing down in the year 2032 or whatever?
Hi Mark. Great informative video. Looking forward to next update. Being retired and not a lot of extra money to use for investing, we appreciate how you approach and present your data and well thoughtout opinions while cutting through all the noise surrounding bitcoin and crypto in general. Kudos.
Hi Mark, Thanks for the update. Where did you see the MVRV getting into the red zone? I am tracking this at lookintobitcoin.com and has not done that yet.