Bitcoin looks like it might break 8K after all, bears haven't even touched 7K, much less anything below it.

And a consolidation seems to be forming, near 7.4K.
TradingView was always my best place to look for TA, they usually get it right, about 75% right which is far more than others.

https://www.tradingview.com/chart/BTCUSDT/BSbzqEsJ-Possible-break-of-resistance-and-uptrend-to-8-000/

"BitMEX, the world’s second largest crypto exchange by daily trading volume as of press time, believes that amid the ongoing global coronavirus crash, Bitcoin faces its biggest challenge and the opportunity to prove its potential during the global financial crisis."

Test indeed. If you watch the global economic markets, mostly stocks, you will notice that Bitcoin rebounded way batter that any other asset out there.

https://cointelegraph.com/news/coronavirus-financial-crash-is-bitcoins-biggest-test-bitmex-says

What to expect in this article?

- How does Coronavirus impact Bitcoin’s price action?
- What impact does the virus have on the halving?
- Vulnerabilities of bitcoin exposed by coronavirus
- What happens if this panic goes on longer?


First things first, we wish everyone safety and those impacted a speedy recovery. We want crypto to thrive in a happy and healthy world, not in a post-apocalyptic doomed future.

This article is written as an answer to the question “Will coronavirus impact bitcoin during halving or in future?” purely as an conversational point of view, without undermining the devastation that virus has been leaving behind its trail.

Read more: https://www.linkedin.com/pulse/corona-virus-impact-bitcoin-halving-future-rk-reddy/

Dumb...just let it burn.

We need a washout of all these Ethereum projects creating leverage within the system.

Ethereum, solely, has been at the heart of all of this. ICO scams, DAO hack, DeFi....it's time to let things die.

The space doesn't need this leverage at this point in the cycle. We need projects that build on their own accord without putting everyone else's money at risk.

https://cryptobriefing.com/maker-allies-form-syndicate-unite-mkr-buyers-last-resort/

The weeks and months to come will highlight this superiority of Bitcoin over Wall Street and other financial markets, I am convinced.

Find out here: https://bit.ly/2Qawf0r

I can't imagine banks ever issuing any digital currency that is decentralized.
This is going to be centralized as fck

https://bit.ly/2TNoAYe

Coronavirus is the first big test for BItcoin

https://www.cnnmoney.ch/shows/blockchain/videos/coronavirus-first-big-test-bitcoin

For the consumer tech trends to become a reality, we will need a large part of crypto super-imposed on top of them!

Full Article: https://bit.ly/2W5nmc4

Throughout the course of the crypto market’s intense 2020 uptrend, this coin has been one of the best performing cryptocurrencies, posting an insane rally that recently allowed it to set fresh year-to-date highs.

This intense rally has been able to extend further over the past couple of days, despite some turbulence seen by Bitcoin and other major altcoins.

This has led analysts to note that the crypto could be poised to see significantly further upside, with a potential break above a key level that it is hovering just below catalyzing significantly further upwards momentum.

Find out more: https://www.newsbtc.com/2020/03/07/this-crypto-is-about-to-explode-if-it-reclaims-one-key-level/

Brian Armstrong, the CEO of major cryptocurrency exchange Coinbase, explained what developments he believes will drive the growth of cryptocurrency’s’ user base.

In a series of tweets on March 4, Armstrong illustrated how the developments that resulted in the mass adoption of the internet are similar to the work that is currently being done on cryptocurrencies. While he admitted that it is not clear which blockchain “will help get crypto from 50M users to 5B,” he predicted:

“The chain that manages to ship some of these scalability, privacy, decentralized identity, and developer tool solutions will have a big leg up.”

https://cointelegraph.com/news/coinbase-ceo-explains-how-crypto-will-go-from-50-million-to-5-billion-users

People have created lots of models about bitcoin. I don’t know which ones to believe, so I try to learn about them all. When you’re making educated guesses about the future, it helps to have as much perspective as possible. One model is Elliott Wave Theory, which fits cryptocurrency very nicely. In this theory, markets move up in five waves, then down in three waves.

https://hackernoon.com/an-elliott-wave-theory-to-predict-bitcoins-next-price-movement-i5993bls

Shilling has started.
I can't believe how people can just toss numbers and predictions straight out of the hat.
Feels like opinionated prediction to me, rather than an actual factual analysis and the reason behind such prediction.

Opinions are like assholes, everybody has them.
But I can understand, Coronavirus is HOT at the moment so why not use it to hype the shit out of everything.
https://cointelegraph.com/news/coronavirus-will-send-bitcoin-price-to-100-000-in-2020-max-keiser

Owning bitcoin today, means you're an early adopter:

- User experience is lacking
- Most merchants don't accept it
- Price volatilty is high
- Scaling is still developing
- Media coverage mostly negative
- Many still ask, "What's a bitcoin?"

That's why the reward is so high

Blockchain is often compared to the internet technology in terms of adoption and growth.

Many people only know the light side of the internet when things are fine and dandy, but what they don't yet realize is there is a dark side of the internet often referred to as "Darknet".

It's the same with blockchain. A lot of scammers and hackers trying their utter best to downgrade the technology or make a quick buck.

All in all, blockchain has a bright future ahead with more positives than negatives:
https://medium.com/the-guardian/blockchain-could-reshape-the-world-and-the-far-right-is-one-step-ahead-6e83969904f8

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