Tag: Pans

‘What Are You Smoking?’ Winklevoss Pans Goldman Sachs Bitcoin Bashing

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Bitcoin (BTC) supporters have widely panned Goldman Sachs after it emerged that the banking giant does not consider it as a real asset class. Materials from an investor call on May 27 revealed that the United States’ fifth-largest bank is dismissive of the largest cryptocurrency.  Goldman wheels out legacy Bitcoin complaints The main reason for the continued lack of attention, Goldman says, is that Bitcoin does not generate revenue flows for holders, for example, in the same way that stocks and bonds do.  “We believe that a security whose appreciation…

‘Rationalized Bulls**t’ — Vitalik Buterin Pans Bitcoin Price Forecasts

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Ethereum (ETH) co-founder Vitalik Buterin does not believe that the popular stock-to-flow model is useful for predicting the Bitcoin (BTC) price. In a Twitter debate on Feb. 27, Buterin became the second well-known figure to criticize stock-to-flow, which calls for BTC/USD to trade at an average $100,000 between 2021 and 2024. Buterin: stock-to-flow forecasts “part of the 95%” The model has been historically accurate at predicting Bitcoin’s growth and currently calls for an average of around $8,606. After trading at more than 20% higher, Bitcoin this week fell to within…

Bitcoin Bears Are “F**ked” If Trend Pans Out, Claims Crypto Analyst

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According To Pattern, Bitcoin Might Have Bottomed Take a look at the two images below. On the right is an excerpt from the “Encyclopedia of Chart Patterns” by Thomas Bulkowski, which shows something called a “bump-and-run reversal bottom,” or BARR bottom for short. On the left is Bitcoin (BTC)’s one-week chart stretching from last August to now. Notice anything? Well, if you couldn’t tell, the pattern depicted on the right, which shows a series of higher lows, a massive sell-off on the back of monumental selling pressure, a zone of…

Bitcoin Bears Are “F**ked” If Trend Pans Out, Claims Crypto Analyst

boss

According To Pattern, Bitcoin Might Have Bottomed Take a look at the two images below. On the right is an excerpt from the “Encyclopedia of Chart Patterns” by Thomas Bulkowski, which shows something called a “bump-and-run reversal bottom,” or BARR bottom for short. On the left is Bitcoin (BTC)’s one-week chart stretching from last August to now. Notice anything? Well, if you couldn’t tell, the pattern depicted on the right, which shows a series of higher lows, a massive sell-off on the back of monumental selling pressure, a zone of…