Actually great point but I think the opposite, which is that when they eventually unblock the log jam in bitcoin and allow any transaction to proceed then we'll see a release of all this lost dust possibly.  Small amounts but possibly millions of accounts  ?  I dont know, maybe its not that significant a dynamic

I do think they change the bitcoin protocol to allow business because that is a requirement for capitalism.  Name me a currency that doesnt allow for Cent or penny type value exchange.    I'm always saying this crypto is too elitist still, from its origins of genius and the nerd like movement of knowing every little detail; however if they want to conquer the world then you need it usable by a person barely able to read and zero interest in your small print details


The price is not assured, bitcoin is speculative.   Purely on the basis of business done, the figures for it are quite small.    Price increase is coming largely from macro economic situations globally favouring weak FIAT and an extreme incentive to diversify and find growth.   Some of that growth is weed like and will die in the next winter, nothing is assured

https://twitter.com/SabreToothTiggr/status/869589954564956160

This is me and my bitcoin address to use is :
1MQAjDc95q651BZUHky6w4zyAkNCDyon1d

Experience can lead to gratitude and knowing when to stop and be happy to take profits.  If experience means you can avoid losses to any extent then its invaluable, money saved is money towards a future possible win.   Poker is where the experienced profit over those still learning I think, knowing where the edge is basically the game of taking money from those who miss the smallest clues ?  Seems the answer has to be yes on every gambling game I can think of tbh

My worst moment would be being a bit too rash, over confident.   Betting a large % on a team that had just won massively expecting the same result in a similar game, however they stumbled and for whatever reason couldn't recover.   All attack and no defence was terrible to watch, a massive flip from their win and yep lost way too much for no good reason and I even meant to hedge it some.   Good plans > rash last minute bet and dont bet large % on quick bets

This could be a useful thread for avoiding the common mistakes made.   I'll state this generally but I think it applies to all bets on teams and the dynamics in players forming the team.  Easiest way to gain an advantage on odds is to be judging the small games leading up to a major performance for a team.   When it comes to making the odds for a big game, bookmakers are often looking at comparable performances at that same level of play vs major teams but I find the most useful thing to really judge a team at that moment in time and how fit they are is in all their latest games.  How well each player is on their own game and as a team collectively, unforced mistakes can be  a big deal showing nerves or a player off their very best performance.  It wont always show up in statistics but its where a small bettor will notice a decline or exceptional performance possibly, that can become profitable imo

Pretty sure most of my gains came because I hold bitcoin and bitcoin went up alot from being used this new phenomena online.  Does that count that I made profit quite alot just from holding winnings and bank in crypto that gained in value.    Otherwise I'd be about even, nothing big overall

If it takes more then a day to withdraw thats a problem, quicker then that is a convenience and gives preference for that casino.   Its in their own interests to make use convenient for their customers.   I think a good casino will allow a few types of crypto to be withdrawn so you arent tied to just one standard that may or may not be log jammed when you need the cash.

10,000 coins is every day a stake roughly.   I havent checked recently and it is approximate because of all the people who could stake but dont bother, obviously people store on exchanges and do not receive this benefit but that varies.
How many coins are you staking.    Your'll find out after a few weeks what you can roughly expect but it wont be as regular with small amounts, I think returns expected are possibly along the lines of 5% a year.  So add up what you got, times by 52 for weeks and fiddle that calculation about till you get roughly figures that match and it'll show a time frame for stake.  Or just wait, sounds like you doing it right

I could guess, black coins are a gambling or casino term for extremely high worth tokens used in lieu of plain cash of course on blackjack tables or whatever.   I once heard a story of a whale being pick pocketed or simply losing his black coin at a casino and they had all the staff, waiters etc out lined up till it was found.  I think it was $50,000 each disc in that case.  Its just like a bling thing, having that in your stack makes everyone go woo he is rich or he won alot even if he never uses it.  However I cant find any reference for it so I might be remembering it wrong, also it depends on the establishment as the top token used might be only $500 some places.  I dont know, Im not that rich just a staff story I read once.



nifty, Im not staking for the moment so I look forward to it.  Easier setup always got to be a good thing for catching those with just fleeting interest testing

Seems to be a  miscomprehension by the speculating masses really.   The real effect of halving block reward is literally reducing supply of coins from that source, in effect cumulative not instantaneous is its inertia.    The alternative source of coins is free floated coins on exchange and other high cash activities, of course we have tons of casino and gambling done in bitcoin.   All that free supply of old coins is elevated by a reduced block reward.

Block reward is a kind of inflation to the money supply.   Its not terrible but its devaluing bitcoin with each block , of course famously Bitcoin only has 21 million maximum but still right now this effect is in play.   So when we decrease this inflation its effecting price.   This is part of the reason prices are rising now, of course markets over do it and get ahead of themselves but part of pressure of pirces is real too and bitcoin held by people who arent miners are worth a little bit more.

The miners themselves are more likely to kick up a fuss each time their 'pay' goes down.   They need to realise any normal successful system works by serving the masses, quantities (and quality) of transactions have to be allowed to rise.  The more rigid and brittle the thinking behind bitcoin, the more likely it will shatter into a thousand separate alternative pieces of crypto I think.  

https://youtu.be/YxclmijvQsA?t=185

The main reason for Panic is a lack of actual usage of Bitcoin.  That is the real problem, I'd panic if I'm holding something I never wanted and cant put towards anything.     If this is correct, we should be seeing reduced levels of panic as bitcoin progresses in any genuine way.    So I'd be looking for a VIX like chart which is like volatility of an index placed in its own instrument.
   I think I've see it done somewhere, I'll look and edit/update perhaps but theres some smart Indicator that'll show price swings.  I forget which one :/

Your timing could be good on that one to buy some blackcoin.   I might pick up a trade and buy some at .00006 if it can stretch that low it may be good for a pop back up. That low could match a trend and similar to the last low could be a nice place to then see some appreciation.   Right or wrong it seems altcoins go in popularity along with bitcoin, if that has arrested its recent pullback I'd hope BLK can get some legs to it and confirm the higher prices.  I guess over the next week I'll be watching how that develops

I expect slower progress if it is going up it has to deal with all the fences left closed by previous action.   When we rose first time at this price it was free and clear and nobody was sure, now it has many signs left up.   We climb over each trend we previously broke but it doesnt sound like we should 'explode'.  Its going to be a hike :p     monday because the idea is leverage is behind the rally momentum ?

So far all I see is we may be pulling out of a downtrend, so its got to get off the ground first and steady itself.  Slow and steady as she goes
Going on CNY as thats in the fore now, current price is the marker for previous spikes down.  So possibly a ceiling of sorts, but a target of about 16,000 would be good to see.  Not just to reach it but trade with as a floor, that'd be progression otherwise possibly we repeat even while not in a downtrend its not yet positive ?

Healthy correction ?        Current action has it basing off support and a possible uptrend and now it meets the downtrend of the fall, at least in dollars.  On huobi in CNY it looks a bit better rising outside a downward channel and with more even volume between the fall and rise now that looks ok.  The dollar exchanges have more work and volume probably required for a recovery, 2140 to beat but the main thing is to establish volume above 2000 I think

Bitcoin is a commodity at best, theres a limited amount and you can hold some but its not an actual investment giving a return on revenue.   Its speculative to hold any currency or commodity without any use.   If you buy dollars before you go disney land great, you know it'll be used.  If you buy dollars with no intention to ever use or exchange it for goods then it becomes far more risky I think.   Thats not the fault of bitcoin exactly, I mean they should open up trade more but its on the traders how they deal with their assets,  
My own national currency is weak, I see Bitcoin as some way to connect with Dollar strength which is linked to many of my costs.  I can justify holding it that way but its still cash like not something productive by itself

If people panic on that basis its their own fault, you own something you didnt want to use.   Same thing would apply to gold, to a field of wheat, anything useful or not doesnt mean the product is wrong

1929 crash followed establishment and actions of the FED.   We dont have that kind of loose standard, we have the secondary effects of dollar inflation maybe but thats just 1 currency.  I hope we rise above being tied to one fate


Again does USA determine everything, volume could be lower over a holiday like the xmas trading effect in stocks.  Inversely that can become bullish, I did think that also but Im not sure bitcoin is in the main tied to business hours in that way, not for 1 country.  Holidays are an influence and bitcoin I hope is a mixing point of alot more global influences, some trade demand would be good of course.  Its irritating that isnt made a priority as we move away from block reward its part of whats required, always appeared that way afaik


Anyhow I see trends still showing positive till a downtrend can prove itself.  A good battle between the two is a good thing hopefully for distribution if nothing else.
Targets to beat, 2470 of course 2358 and 2225.  1940 below would relate to a slower uptrend more true of April then May and also very roughly a support line

The problem here is stating Dollar as especially superior to Bitcoin.    Its not, dollar hasnt been a strong established currency for a while.  Its heavily dependant on political support not from the USA so much but other governments to hold up the debt but also the deficit.  Imagine if Trump or other parts of government had to justify every word with a balanced plan for their budget, only spending tax taken or even worse actually repaying debt.   Yuu would see a great shift in world power if this were true, dollars would be surpassed by more in demand currency used and useful for whatever purpose besides politics.

Most dollars are digital, sent without appearing anywhere physical during the duration of their existance.   There is no trade backing alot of dollars, tax revenue for USA is reliant on business but alot of USA companies operate outside the country.  Dollar is also in many cases just a speculative currency.   True its operated by a superpower and powerful government but its largely backed by debt not actual demand for goods, so this is speculative.

The reason bitcoin or other competing currency standards do better now is because dollar is so weak its underpinning a search for value elsewhere and growth.  If bitcoin can retain integrity it should be ok, however its shown itself to be quite slow in adapting to growth.  This is worrying if its going to proceed from zero to describing world trade, it needs more capability

Thats why it goes down, all the just in case sellers have to clear out their shelves.    When you hear alot of I sold too early, thats probably when it rises and people dont even want it to ?     [Also these areas of I want to get back on the train is likely where it finds its feet?]

I see it losing that weaker uptrend just now and so a blip down as we fall off the ledge.   However its possible to draw in a channel for this downtrend since the ATH and we are at channel bottom, not bullish exactly but its possible we rise within the downtrend.  Whether we challenge and break the downtrend for a proper rise remains to be seen.   15360 CNY would be target for channel top, just a short term target

Also I like to see patterns aligning is switching to EURO and kraken, we have a good uptrend over weeks we are about to come into contact with.  Nothing is ever certain, but its a good place to see reactions

2800 would appear to be the same problem as when we spun around a few times at 1800 and it became obvious it was going to exceed 2000 because round numbers are silly superstition.    If it rebuilds price here and buyers keep being apparent as they are now then we can start to see similar for 3000, it will be exceeded.

I think the driving force for bitcoin appreciation is new wealth not old and people wanting not to use their national currency but be a greater part of the global economy, lucky for us bitcoin helps their money travel well.  i.e. I dont think it matters if you find it expensive, maybe 'its not for you' to hold and do nothing with it  if it has a baseline of demand to be used ,that'll produce higher prices.
   I'm looking at Huobi, every time theres a spike down that quickly retracts upwards, leaving a pin candle thats an uptrend line for me.   We broke the first leading to a fall, the 2nd tier uptrend we saw lead to rises about 12 hours ago and there is a further uptrend still in play

Thats a great chart, I never look at price in Euros but Im wrong on that as its possibly the most tradable Fiat currency in the world.   I think to take any positive view first look at it to get above 2044 Euro as thats only a first rung of 23.6% retrace of the fall.  If it can stay above that I'll trust it a bit better.  
Explain what the green patch relates to, an indicator ?  OBV for what its worth shows BTC bullish, likely to rise.   I may be reading it wrong of course, but thats my guess and experience but I never look at any indicators alone.  I happen to find OBV more simple to observe then most indicators

Looking at that EURO chart, its similar to the others in that it appears to keep a slower uptrend for this month and this reset is really only a smaller section of prices most recently put on the chart.   I think its positive for us to go back and check prices like this, if we can continue to progress with the overall uptrend everyone should be happy to see this kind of doubt expressed in markets occasionally really


Negative dude times crypto into wider markets - https://www.youtube.com/watch?v=V8Ny4P3jQqs