I’d say the thrills about crypto are once again diminishing, and it’s no surprise. The explosion on Bitcoin from $3.5k to $14k is really unraveling.(more…)
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
I did a post recently in which I stated regarding Bitcoin: ” I suppose it will find stability (if we may use such a lofty term) at about $9500.” Well, we’ve since tumbled to that level, and things are looking pretty shaky.
Take a look at the chart below. The magenta shows the 61.6% Fibonacci level (and also the time when all the HODLer freaks were jumping up and down about how $BTC was heading to a million bucks). It has gotten carpet-bombed since then (green support) and, if we fail this level, we’re on our way to about $7100 (yellow tint).(more…)
To listen to the HODLer crowd back on January 26th, you would figure their elementary school flag football team had just won the SuperBowl. Arrogance, certitude, and Homer Simpson “in your face!” declarations ran amok. The surging public interest in bitcoin had renewed as well, illustrated by Google Trends:(more…)
Note: Ryan Wilday and I just co-wrote this crypto article, and we thought you may find it interesting.
Recently, the Winklevoss twins (who founded the Gemini crypto exchange) coined Bitcoin as ‘Gold 2.0.’ To support their perspective, they cited Bitcoin’s scarcity, its fungibility and its portability as meeting or exceeding that of the yellow metal.(more…)
You may know me as the…(more…)
Safe haven indeed. Two thousand dollar plunge in a span of minutes. And you just know someone bought into Bitcoin for the first time earlier today, when they just couldn’t stand the Fear Of Missing Out any longer.
If you have followed us since December 2018, then you know we were expecting a major bottom in the cryptocurrency market, and expecting 2019 to be very bullish. In February we wrote an article suggesting an imminent wave two bottom, which proved correct, holding support by $10 on some exchanges.
We suggested then that a third wave would commence, thrusting Bitcoin prices much higher. The only part we got wrong was that our targets were exceeded in the third wave. That happens in strong bull markets. So in May we updated our target for Bitcoin to exceed $10,000 before it completed this rally. But we were 100% right about a bullish 2019 so far.(more…)