Will Bitcoin Make A Comeback? – Cryptocurrency Denies Death Cross

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Josh Sigurdson talks with author and economic analyst John Sneisen about the recent close call Bitcoin had as a death cross was confirmed and then failed to create an immediate problem.
A death cross is a bearish technical indicator when the 50 day moving average and the 200 day moving average cross over.
However, we’ve seen a bullish support on the death cross in the past. In 2013, we saw one near death cross where Bitcoin actually found support on the cross and this lead to one of the greatest Bitcoin rallies in cryptocurrency history. Now after that rally, there was a confirmed death cross and it also lead to a multi-year bear market. So the question is, which way will this go? Well so far it is doing as the first cross in 2013 did and finding support off of the unconvincing flat line of the 50 DMA.
No one really knows, it’s speculation. You’d have to understand collective general human psychology to know what happens yet, and who knows how much bearish FUD will be caused by media with fake stories like Bitcoin bans and regulations. It’s all up in the air as we write this. But it’s true to say that Bitcoin found itself resisting the death cross and climbed up to around $7500. We are not convinced we’ve seen the bottom yet. But we shall see.

This recent correction has certainly been one for the history books and there’s no doubt it has hurt a lot of us, but this is an incredibly healthy correction, and technically we’ve seen a lot worse, going back to a time when only crypto nerds knew what Bitcoin was. Now it’s adopted by so many, it’s hard to imagine the bear market will last anywhere close to as long.

Let’s keep in mind the fact that this allows us to focus on how important Bitcoin is to the world. The fundamental reason for it existing. To end central banks and making government obsolete.

There are a lot of terrible cryptocurrencies out there, but there are a few great ones too. We must base more on fundamental value and application use than speculation. If we focus on value we shall prevail. If we always want more more more, we will get less less less. Greed begets failure.

Stay tuned for more from WAM!

Video edited by Josh Sigurdson

Featuring:
Josh Sigurdson
John Sneisen

Graphics by Bryan Foerster and Josh Sigurdson

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2018

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Comments

World Alternative Media says:

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panita tudor-florin says:

https://bitcoin.cpucap.org/ref/132741

vupti hansen says:

We need Crypto after the $ COLLAPS. Keep it simple stupid

RogueReplicant says:

FAIR WARNING TO CLUELESS BIT-TARDS
The NSA has the ability to intercept data directly from fiber optic cables. They teamed up with FBI and DHS to frame Ross Ulbricht of Silk Road using MONKEYROCKET internet anonymizer. Look into Liberty Reserve out of Costa Rica, even the IRS joined in on the surveillance. THEY ARE WATCHING EVERY BTC TRANSACTION, u fucking morons.

carlos torres says:

You guys look unprofessional

Truth says:

Cryptos going to zero…….wait for it !

Truth says:

Hey guys where is that stock market crash you were bragging about a couple weeks ago?

Ken Semotiuk says:

Bit who? Bit why? Bit where? Bit who cares? Buy silver and gold and sleep peacefully at night?

wayne mcclory says:

India just band ALL cryptos. Wow why don’t people get it. All governments have said they will ban all cryptos except the ones they impose after the Global reset crash.So sell cryptos and take your money Before you have (none). Buy a new hat or something,at least you’ll still have a HAT.

Carispice says:

Bitcoin is an IMPROVEMENT over gold. If anything, it is gold 2.0. Fiat doesn't hold a candle to bitcoin.

Cuộc Sống Ngày Nay says:

https://remitano.com/vn/?ref=btwallker
Link giao dịch bitcoin uy tín 100% nhé mn

Justin Declan says:

Do you know you that with the help of Mr Gavin Tyler Antminer Hardware,you can mine 0.2 Bitcoin to 1 Bitcoin within two weeks? you can contact him for more info using this email (Gavintyler@consultant.com)

mrdave2112 says:

What if satoshi  Nakamoto is the government and banks. Do you know who or what satoshi Nakamoto is? I don't.

Ivan says:

Replace that microphone, it looks like a dildo. lol

Masti Club says:

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Masti Club says:

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Ruud Hop says:

If you can find believers who want to pay 7.000 US$ for a bitcoin.
I am curious why believers think somebody want to pay 50.000 US$ for only bits and a blockchain, no real worth. Till now it is Speculation and Greed! Don't call them investors!

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Dale J says:

FUCK YOU BITCOIN. You ruined m already.

patrick bateman says:

BTC is up 700% from last April you Muppets

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