NYU economics professor Nouriel Roubini's not posted any bitcoin FUD for 5 hours. Bullish.

Expect massive rally

Give it a chance.

The market is nursing the wounds of one of the biggest crashes since Galileo. It isn't about to go charging back up the asks like a mad bull. Only tentative steps will be taken for a while.

Sellwal:

300 BTC shot @ 9197 on Stamp....vapourised.

BTC/USD MACD crossed to upside last night. 6-hour is crossing now.



Futures traders be setting their alarm clocks early for monday morning to get out of positions ?

Out of interest, where do you get the idea that it was supposed to be "out" 2 years ago ? It was only announced in 2015. My expectation has always been that it would be a 3 year project.

Also, a prototype was indeed demoed around 2 years ago.

(Or did you perhaps make your deductions using the same faulty logic engine that concluded that "obscured blockchains could be more valuable than transparent ones" )

P.S. Nice oil-painting avatar upgrade. Is it to symbolise your maturing serenity ?

Aaghhh !

Full mandatory verification incoming. Holdings stuck on exchange forever now.

4-Hour MACD crossing to the upside for the 1st time in 10 days.

Futures getting bulldozed by real. (Helps if your market's open )

Look.

We're now well into a 15-minute chart correction and the market is as calm as a sleeping baby. Not a hint of the panic of the last 48 hours.

That shows you. It was all market making by ultra-aggressive shorters. They had their covering level targeted the whole way down and once reached, left the building with their "winnings". That's why we got these pummelling dumps on the turnaround from the bounces on the way down.

I wouldn't be surprised if there's still a significant part of the market that's short and yet to cover.

Here he comes again !!

This guy's on a mission from God. A horse trader who just realised the piston engine got invented but can't think what it could be used for.

Well here's one person who's enjoying the sh*t show at least.

Well I can sure agree on that. I thought that was what you were advocating. (Or at least holding fiat).

Tether is one of these things that corrections get attributed to regardless of where they originate. It joins the ranks of, hardforks, exchange collapses, malleability scares, media scares, developer scares, competition scares.

Ask yourself this....why do you think so many scams surround bitcoin ? Answer: because it's being acknowledged as having real value. yet the one thing in the entire jungle which is not a scam, has never been hacked, cannot be "faked" and has no conflict of interests is bitcoin itself.

The Tether "crisis" is good for a few percent short term, but it will aggregate to nothing. I'd be more worried about holding tether than holding bitcoin.

That depends on whether your're trying to accumulate crypto or the ever atrophying US dollar.

If you think Tether's toxic for creating "dodgy" liquidity it's got nothing on the world's central banks who have inflated the monetary base by multiples to prop up all known markets including stocks and treasuries.

Personally I won't feel the least bit stupid for not going all in on the collapsing "fiat train", specially having lived through several of these "corrections" and survived to tell the tale

While we're watching this, a much larger area of carnage is emerging.

US Guvpaper meltdown continuing this morning. Contagion into stawks also.

BTC --> $30k.

Yep. All RSI's now in the oversold zone up to the 1-Day range.

About 5 minutes.

Bears not too confident about jumping into the 7k water.

Hesitation.

Mulling over the implications.

Enjel = see above post.