Bitcoin Bottom?

[golden_glitcher]

This is a weekly logarithmic view of bitcoin over the last few booms and dips. As you'll see bitcoin has been trending up the whole time. And now it has just bounced off the bottom trendline.

This coupled with the news of China's central bank governer stating that the Public Bank of China WON'T ban bitcoin http://www.coindesk.com/chinas-central-bank-governor-pboc-wont-ban-bitcoin/ and Chineese exchanges already working on ways to accomidate their customers under new rules http://www.cryptocoinsnews.com/news/bitcoin-markets-rise-news-chinese-bitcoin-exchanges-response-plan-bank-accounts-closing/2014/04/11  Another boom could be on its way very shortly.

[lumbridge]

It's always to great to go back and review old price move predictions for bitcoins, or for any stock or commodity!

Ready the price charts is easy in hindsight, but writing a daily training journal - and reviewing it - is one of the biggest keys to becoming successful in the art and science of trading anything.

we can find the charts for Bitcoin here: and review if the predictions of this post were correct.


But it was these very charts for GoldCoin that caught my attention.  I downloaded a wallet, found the group on facebook, and then came here to join the forum so I could learn more about this specific cryptocurrency - first because of the shape of the price charts over the past year, and second because of the connection between this altcoin and real-world gold.

The price charts seem to indicate a good potential for investing - and now it's time to determine the liquidity of the market and more about the connection to gold...

Keep the price predictions coming!

Lumbridge