BITCOIN - IT'S ALL JUST A GIGANTIC BULL FLAG - CryptoManiac101
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BITCOIN / USD TA
ARGUMENT FOR BEING BULLISH ON BITCOIN
1. Institutional Adoption
2. There's only ever going to be 21,000,000 Bitcoin
3. It's considered to be Digital Gold today
4. Release of ETF will push Bitcoin higher with new adoption cycle
5. Bitcoin halving 2020
6. People are more familiar with Bitcoin vs any other digital asset
7. TA and Overall Chart is VERY bullish on longer scale
8. Introduction of Bitcoin to WallStreet through Fidelity, Bakkt, Fidelity, BlackRock and others
ARGUMENT FOR BEING BEARISH ON BITCOIN
1. There are much better cryptocurrencies than Bitcoin
2. Bitcoin is an old technology in fast evolving crypto world
3. Expensive and slow transaction when compared to cryptos such as XRP or XLM
4. It will never be used for transactions within banks
5. It takes a lot of energy to mine - governments introducing 'anti-mining' laws as an excuse for Global Warming will cause Bitcoin to drop
As of today there are many more substantial reason to be bullish on Bitcoin than not... Therefor, buying Bitcoin for longterm today, may not be a bad idea for many
ARGUMENT FOR BEING BULLISH ON BITCOIN
1. Institutional Adoption
2. There's only ever going to be 21,000,000 Bitcoin
3. It's considered to be Digital Gold today
4. Release of ETF will push Bitcoin higher with new adoption cycle
5. Bitcoin halving 2020
6. People are more familiar with Bitcoin vs any other digital asset
7. TA and Overall Chart is VERY bullish on longer scale
8. Introduction of Bitcoin to WallStreet through Fidelity, Bakkt, Fidelity, BlackRock and others
ARGUMENT FOR BEING BEARISH ON BITCOIN
1. There are much better cryptocurrencies than Bitcoin
2. Bitcoin is an old technology in fast evolving crypto world
3. Expensive and slow transaction when compared to cryptos such as XRP or XLM
4. It will never be used for transactions within banks
5. It takes a lot of energy to mine - governments introducing 'anti-mining' laws as an excuse for Global Warming will cause Bitcoin to drop
As of today there are many more substantial reason to be bullish on Bitcoin than not... Therefor, buying Bitcoin for longterm today, may not be a bad idea for many
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