The difference is the increasing volume in the Bitcoin market. Perhaps not this round, but in one of the next two rounds I could see actual hedging of stocks through crypto. Most people today still didn't get what Bitcoin is about and still think of it as a ponzi/bubble.

Furthermore, stocks were stable leading into summer and started climbing around mid to late summer. So anyone who sold some Bitcoins near the top would've made some decent profits in the stock markets. Hence, the lack of a perfect correlation creates opportunity.

We still don't know if Bitcoin or the stock market will enter the next rally first either. Any delay of one asset class would create further potential for profits.

They're for disaBled people.

Apple just announced emojis for BCashers.

I think you've got the right idea long-term, and at least some (I don't track all) reasonable price guesses/predictions. But in one of your post you stated that we weren't in a bear market, which from a technical aspect has been wrong for more than half a year now.
It just so happens that market cycles in crypto are like those of stocks on crack in the sense that the time scale gets shrunk. And while you could argue that we were in correction territory around 10~15k, we've most certainly been in bear territory at least until very recently where you could argue a flat market (past 2-3 months).

The oscillations have been getting much thinner though, so I wouldn't be surprised if we were going to break out either before Christmas, or sometime around Spring. Unlike some others, I find it highly unlikely that we'll bear all the way to 2020ish.
I'm not sure if you're the overly optimistic perma-bull that some seem to make you out to be (since I haven't tracked this thread enough to say anything) or if you're just using clumsy terms to describe the situation.

Either way, nothing wrong with bear and sideways markets, just need a different strategy which arguably makes the whole deal more fun.

More red dildos at The Wall.

With stocks crashing by as much as 40% we might just see the next Bitcoin rally soon, for which the last sell off could end up being a bear trap. How is the long volume developing?

I don't think payments are the issue. There just aren't any real jobs right now (just people asking for jobs). And it takes a while to build reputation as a place to spend your money at in exchange for services. It's still in beta as well until next year as far as I'm aware?

badger badger badger badger

How many people watching/reading/listening do you think actually understood the implications? And how many will keep walking into the same trap?

Pretty sure they just make up shit so they can create a site that gets decent amounts of traffic. Just like politicians and bankers.

As of today's live stream from the Malta conference: Later this year. Or in other words more delays.

They appear all over the place in nature, so it would not be surprising at all if they matched financial markets as well. The thing in finance and trading however is, that people just draw random charts without even understanding the Mathematics behind their favourite indicator and then end up spewing something of equal value as a horoscope.


P.S. Look fractals up in detail though. The non-finance fractals are a gorgeous (if visually represented) and mind-bending structure.

First off, past performance doesn't predict the future. And secondly, it is a bearish prediction if you consider the snowball effect of user growth, which implies accelerating growth of capital up to some saturation level.

That is almost inevitably where technology is leading. Costs are on a steady downward path and eventually things will be so easily accessible that you'd have to be beyond retarded to go down some fuckwit path that could risk your livelihood in a world of abundance.

Sure, there's still likely going to be classes of people, as there are always those that push in any specific direction much more rigorously than others. But that's perfectly fine and nobody would even think of making an issue out of it when the bottom of the barrel can satisfy all their relevant material desires and thus stay in perpetual distraction of the results of their laziness.

Let's not forget that even many poor people (in a proportion I am unaware of) are living far better than kings did not very long ago already.

That seems pretty much point on. Especially the second point, as whenever MSM starts hyping Bitcorn a reversal is usually just around the corner.

Is there even a real narrative in the MSM? I don't think I've really read any article that was relevant or even interesting. Always hype or doom with some fluff that is quite often just flat out wrong. Seems like the only thing they're good for are figuring out when to dump a few coins or buy some more.

I should've clarified that I meant the initial difficulty for the genesis block. A difficulty so high that no coins can be mined results in no coins and thus no price, and a difficulty so low that arbitrarily many coins can be mined by anyone would result in a price of zero. Hence, the difficulty came first, and the price came after. Even without these edge cases, you need to mine coins first before any price can be set though. Alas, you can spin this up either way by including or excluding exotic scenarios.

Do I spy a cutie? Good catch.

The article was posted around here yes, the watch seems to be quite nice looking too. I just don't like sending my passport around when I go shopping.

From that perspective you can spin the argument up from both sides. The price is a result of the difficulty, as it dictates the supply. The cause that you speak of can be arbitrarily picked here. (Infinite difficulty = no coins = no price, hence the presence of a difficulty creates a price)