Personally a technologist at heart, and a person whom values privacy and progress, would like to see decentralized systems and blockchain technology to flourish —and it will, but now is not its time. A trader or investor, must not become attached to any particular asset class be it art, wine, stocks, crypto, classic cars, etc —especially during times of mania.
Elliott Wave is totally nonsense!
There isn't something else in the trading community what is viewed as critical as this hoky poky wave prediction crap.
I don't any EW trader who is successful over the long run or always adjusting his wave count when got proved wrong again and again.
Focus on TA and forget about market or chart predictions in general.
Just react to what is happening in the charts and try to make some profits or just hodl for years!
Suppressing bad ideas can be as dangerous as the bad ideas themselves. Better ideas must be allowed to emerge through an evolutionary process of creation, mutation, and critical selection. We all must, protect the free exchange of ideas, the freedom to criticise, and the liberty to experiment. Social order must be characterised by voluntary relationships and exchanges. Support social orders that foster freedom of communication, freedom of action, experimentation, innovation, questioning, and learning. Avoid unnecessary hierarchy and favor the rule of math and decentralisation of power and responsibility. Well said Calem, it's tangential to this thread but I can't help but wonder what kind of career has your interest. |
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... I know people like you hate decentralization, and hate the idea of freedom in general, that is the real reason you are so eagerly waiting for the complete crash of this thing. I now see you don't just play this market, you really hate the Bitcoin's concept and, unlike muf18 and some others here, you want it to crash. Well, what I can say. You are not the only hater - there are lots of them among the ones who found their way of exploiting the existing useless and corrupt financial system based on robbery and inflated pseudo-money. We'll see who wins at the end.
False accusation! Personally a technologist at heart, and a person whom values privacy and progress, would like to see decentralized systems and blockchain technology to flourish —and it will, but now is not its time. A trader or investor, must not become attached to any particular asset class be it art, wine, stocks, crypto, classic cars, etc —especially during times of mania. Trade with the flow, be it bull or bear market, don't fight the trend. This thread has taken both long and short positions, but for now the overall analysis suggests an imminent resumption of the bear market. False accusation? I don't tell you and your fans (like g-uid who posted above) are not technologists somewhere deep at heart. What I tell - you do not seem to value the decentralization and independence it provides. Otherwise you would never write this: "...Once legitimate uses of blockchain are adopted as real-world applications, its then likely a second generation of cryptocurrencies may emerge as stable alternatives to fiat with greater adoption. Quite possible that the likes of Google, Microsoft and Amazon lead the way with the next generation cryptocurrencies by acquiring the current players. In comparison to a mobile farm in rural China, cloud mining with say Microsoft's Azure decentralised platform with their vast, secure and robust datacentres is most technically feasible and trustworthy." "trustworthy"!??? - really? The big corporations are 'trustworthy' to you, so are the governments, huh? Anything created and lead by likes of Google, Microsoft and Amazon will never be decentralized. That will be just a corporate cryptocurrency, giving power only to the creator. This is nothing like what Bitcoin has to offer. Bitcoin is not about technology anymore, it is about independence and widely distributed power, with no central authority(ies) who can do things at their will. Thats why 'next generation cryptocurrencies cannot replace Bitcoin - even if they are technologically more advanced, they will lack the spirit. Its a pity many people do not understand this, and they only see the technological part of cryptocurrency phenomenon, forgetting about the main humanitarian value of Bitcoin, which no cryptocurrency will ever replace. My English is too limited to explain this, sorry. Agreed. Ignore this nonsense OP. I feel the same way. A big believer this side but trends are what they are and if you are an investor then you can't afford to hide behind a false curtain.
Nonsence is just inside your head. "Big believer" in what? Trends are what they are, and nobody hides behind a curtain here. If all your want is to trade with the trend and make money, thats fine, just don't call yourself a believer or even an investor - you are a speculator and trader, but not a believer by any means. Got it, thanks for your input Drays. Moving on.. |
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... I know people like you hate decentralization, and hate the idea of freedom in general, that is the real reason you are so eagerly waiting for the complete crash of this thing. I now see you don't just play this market, you really hate the Bitcoin's concept and, unlike muf18 and some others here, you want it to crash. Well, what I can say. You are not the only hater - there are lots of them among the ones who found their way of exploiting the existing useless and corrupt financial system based on robbery and inflated pseudo-money. We'll see who wins at the end.
False accusation! Personally a technologist at heart, and a person whom values privacy and progress, would like to see decentralized systems and blockchain technology to flourish —and it will, but now is not its time. A trader or investor, must not become attached to any particular asset class be it art, wine, stocks, crypto, classic cars, etc —especially during times of mania. Trade with the flow, be it bull or bear market, don't fight the trend. This thread has taken both long and short positions, but for now the overall analysis suggests an imminent resumption of the bear market. Agreed. Ignore this nonsense OP. I feel the same way. A big believer this side but trends are what they are and if you are an investor then you can't afford to hide behind a false curtain. |
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Elliott Wave is totally nonsense!
There isn't something else in the trading community what is viewed as critical as this hoky poky wave prediction crap.
I don't any EW trader who is successful over the long run or always adjusting his wave count when got proved wrong again and again.
Focus on TA and forget about market or chart predictions in general.
Just react to what is happening in the charts and try to make some profits or just hodl for years!
Thanks for that. OP, still very much interested in what you have to share. I made a killing from some of what you have shared thus far. |
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LN newb here, how to contribute to the network?
Well, I only see 3 things you can do: 1) Promote the network: Create content about it. Tutorials in how to set a node, how it works, refuding bullshit from /r/btc... 2) Become a coder: Develop wallets for LN for easier user, create websites accepting payments... (see for example: https://starblocks.acinq.co/#/) 3) Run a node: simply learn how to run a node and maintain it.. the more nodes the better. where to find information on (3)? |
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LN newb here, how to contribute to the network?
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...Massive speculation - driven by greed only...
...No adoption - bussiness are actually withdrawing usage of BTC, sometimes even in favour of BCH...
...holding wallet.dat file, with anticipation of more people sucking in ?...
...Trading smaller amounts of BTC will only make it less usable - fees will kill it in the end....
...It will be not a usable asset, with probably horrific price, and hoarded by some people - which if they want to cash-out, will crash the price, or would have to sell it for years...
...Not a currency. Not a good store of value (stable with slight uptrend - it's a store of value)...
...his response isn't even a response - in reality, there aren't a lot of investments that builds in electric plants, and if they are they are used within their safety margin, and BTC wasteful of energy did make a little to help it.
...it's only just to justify horrendic usage of electricity...
...Bitcoin is accepted in a lot of exchanges. With development of new exchages it will lose eventually it's status...
Just need time for exchanges to adopt new crypto with pairs, and that's (and we need more un-tethered exchanges).
Sorry to say this, but I am starting to get an impression you either have a FUD agenda, or you have really twisted and biased perception of BTC. You are turning either to alarmist or hater. I won't go into details, as it will eat a lot of screen space and a lot of my time, but around 80% of what you wrote above is completely subjective, biased and/or plainly wrong from my perspective. I am not sure what do you do in crypto with such outlook. Instead of spreading panic and misinformation disguised as "facts", just open a bunch of short positions together with your "guru" - the OP of this thread - and try to to make money based on your twisted "vision". Ignore the babble gents and keep doing what you're doing. It's very interesting. |
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After rallying 55% from the 6000 (Bitfinex) lows in just 4 days, the market has been drifting sideways for 4 days.
The sideways wander could either suggest that the first leg of the rally is complete, and a retracement is currently underway. Or, the market is consolidating in preparation to breakout and resume the move higher.
Taking out 8950 (Coinbase) and 9000 (Bitfinex) to the upside would confirm the rally is resuming.
However for now, weakening price action appears to be favoring a retracement. A typical retracement ought to be around 50% which is at 7482 (Coinbase) and 7538 (Bitfinex).
At 7599 (Bitfinex), represents 61.8% Fibonacci retracement level of the entire Bitcoin market.
Given the aforementioned criteria, the following short position has been ordered:
BTC/USD (COINBASE)
OPEN: 8600
CLOSE: 7482
STOP: 8950
RISK: 4%
REWARD: 13%
Afterwards, the expectation would be for the market to resume the Primary degree b-wave bounce, which may retrace up to 38.2% of the Primary a-wave decline which began on 06-JAN-2018.
The following Fibonacci levels may serve as target areas of where the rally may conclude towards the psychological 10000 level, Bitfinex prices:
1. 9350: approx previous line of support/resistance.
2. 9946: 50% Fibonacci retracement level of entire Bitcoin market.
3. 10298: 38.2% Fibonacci retracement of the decline which began on 06-JAN-2018
Goes without saying, but thanks for sharing |
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Honestly, I have enough of these topics when someone is claiming that the cryptocurrency is gonna crash.
And every time when something like our current decline is happening they are totally happy and think that this is something they predicted.
Ha, fat chance - no one could predict anything linked to the future price of cryptocurrency, we can only speculate and base our knowledge on extrapolation!
Don't waste your time with theories who have no scientific background and instead are constructed to be FUD spreaders.
Suggest you read this post in its entirety. OP is not the typical conjecture bullshit you find around here. He has been right a lot more than he has been wrong. |
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Well I think even if the price will rich $ 2000 we really didnt neef to get worried our fear cant really help us on this case maybe we should try to extend our patience on the field we really need a long wait on this scenario.The best thing to do is to buy a lot of bitcoin and reserved it for the near future in case the price will rise. This: "Based on publicly available information, the report found that bitcoin’s price rose about 40% in the two-hour windows after each batch of newly issued Tether coins arrived at the exchange Bitfinex’s digital wallet, between last April and this January. " Report referenced is here: http://www.tetherreport.com |
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I don't see a crisis there for the moment. What we saw yesterday will recover today because for the moment the fundamental data of the companies are still good, and the interests are not too high yet. But as soon as the interests will increase, I am convinced we see an end of the bullish market, especially in the US. And the rest of the markets will follow that lead.
Not true. Companies are the culprits cashing in on the capital economy to "lend" fabricated money at 0% interest in order to.... wait for it.... buy back their own fucking stock. |
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Having solved the digital scarcity problem in a meaningful and useful way without a trusted third party is not a joke. So much so that I think Bitcoin will survive no matter what.
If I had to take a guess at what it will look like in the future then I think that governments and corporations will move to the other side of the spectrum when it comes to trying to control it. Quick example, instead of trying to ban crypto, punish miners or prohibit using credit cards, there may be a move to limit/control those who submit to Bitcoin's code base.
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Precisely. IMF's SDR is moving like crazy. If you were around in 1987 and again in 2007, then you know it's a signal and it means "Brace yourself. Impact is inevitable." |
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Most governments will want to take as much in tax from crypto as they can, so long as they are taking it from ordinary people. They will see us - people who have made a lot of money from crypto - as undeserving rich, and will bleed them for as much as they can. Crypto is a threat to the establishment, it shakes everything up, and the people at the top are ruthless. They will do anything to protect their privilege. They will tax crypto as hard as they can.
But their friends who are board members at major companies or in any high office, the fiat millionaires who go through the revolving door between the higher echelons of government and directorships of corporations, these people are never touched.
It is said that the two certainties in life are death and taxes. But the truth that for the chosen few who run the country - whether in government or in the corporate sphere - for these people taxes are strictly optional.
Such nonsense. Taxes are nothing against crypto. It's called capital gains tax: - A gain in this scenario is when you trade your crypto for something of value (a product or a service or fiat) - If you had a gain within one year of your investment, you will be taxed ~25% - If it's a gain after a year of your investment it's 15%. - If the gain is above a certain threshold, you add 2.8%. For God sakes, it's that simple. Pay your taxes, be a responsible citizen and stop trying to dodge your duties with bullshit rhetoric. |
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I want to buy your Bitcoin exchange.
It doesn't matter if it is running on Peatio (open source), a commercial license with some other entity (as long as it is transferrable to me) or perhaps your own homegrown implementation. It has to be running, testable and able to migrate to my data center. Don't care much if you don't have a user-base, of course this will factor into the price that you want, along with its history and all the rest of it.
Let's talk.
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How does everyone feel about being taxed on profits earned through crypto currencies. We all took the leap of faith and risked our money, if we had all lost our money would the IRS still be interested in taxing us. Dont think so.
How far do you think governments will go to get a piece of the action?
It's not a great feeling when The Man comes to take a significant portion of your earnings. I always think about that Roman tax collector from Asterisk and Obelix, i.e., I hated him and wish there was an Obelix around to level the playing field once in a while. That said, how bad you feel when paying your taxes will dwindle in comparison to how bad you will feel upon being audited and having not paid your taxes. It's really serious stuff. So pay your taxes, you may earn less, but enjoy your earnings with a clear head and sleep well at night regardless of whether or not you are going to get audited. |
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In 2018, we are having a lot of issues relating to cryptocurrencies and most of these issues are regulations and governments trying to centralized Bitcoin by establishing control over it.
I am thinking if Bitcoin can actually fight on as we can see from the pricing of recent that Bitcoin has been dropping and it is finding it difficult to recover. How far can Bitcoin go? Has governments using the tools' of regulation to control Bitcoin pricing working for them? Your opinion will be appreciated and if you make a good view about what is happening you will get merit from me. Thanks.
I don't agree. Governments are not trying to control it, they are trying to put regulation in to protect consumers. It just makes sense to implement basic controls so that things that are illegal (insider trading, washing trades etc) are not replayed against unsuspecting consumers. It's not regulation that is controlling the pricing, it's players with too much control on the system: Ver, Bitmain, USDT etc. How far will Bitcoin go? On the way down, I think we are all in for a surprise. On the way up, once the dentists with too much money have dumped and the panic is over then I think Bitcoin will recover like it always does and the sky is the limit. |
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Interesting that the supoena was on December 6th, but the news of it has only been released now. Bitcoin is down by 10%, but appears to be holding around $10k - must be a lot of buy orders just under $10k. Lots of bulls are trying to call it "old news" and therefore unimportant. As if the CFTC closing in on Bitfinex/Tether in December is so much better news than if it happened in January. After December 6th, Chris Ellis (Bitfinex employee) removed warrant canaries from his profile and went dark. Then Tether dissolved its relationship with Friedman LLP. Clearly, the situation is coming to a head, as much as people want to plug their ears and pretend it's not happening. Bitfinex has given the the US government lots of reasons to come after it (unlicensed money transmission, issuing and trading unregistered securities, etc).....but the CFTC is probably getting increasingly involved in the space because of the CBOE/CME/other regulated futures markets. The CFTC now has a much stronger mandate to oversee spot manipulation. I wouldn't be surprised to see them drop enforcement actions on exchanges like Bitfinex. On unlicensed money transmission, are you saying that Bitfinex does not have a money transmitters license??? How do you know this? |
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