After months and months of bear market despair, the crypto space has perked itself up over the past several weeks, seeing renewed upward exuberance. As a result of such price action, crypto’s largest asset looks like it’s headed right toward a dominant bullish chart pattern, the Golden Cross.

A historically bullish pattern in technical analysis, the Golden Cross occurs when a shorter term moving average (MA) crosses above a longer-term MA. Perhaps two of the most commonly used moving averages for this pattern are the 50-day and 200-day MAs.

At present for Bitcoin, the daily chart 50-day MA looks like it is headed toward the 200-day MA for a potential crossover in the not-so-distant future.

The death cross is a commonly referenced technical analysis setup, such a setup occurs when the 50-period MA crosses below the 200-period MA.

Hmm. I guess some people need reminding. I guess.

OTOH, still is a nonsensical way of going about it. I note that you have not divulged what it _means_. Grammatically incomplete, if nothing else.

How do you enforce the rules to which you agree? You have to run a fully validating Bitcoin node and actually use it to verify payments you receive. Nodes act as your personal sentinel, protecting you against fraudulent activity. They reject actions undertaken by rule breakers, even while you’re busy or asleep. While some claim that running a node today is purely altruistic, there are indirect incentives for doing so:

Full nodes offer the best privacy model. If you’re using a centralized wallet, you have no privacy — the wallet provider knows all of your transactions and addresses. If you’re using an SPV wallet, your privacy is not obviously as terrible, but is nonetheless fundamentally broken. With a full node, you download all the blockchain data and only query for addresses / transactions locally — network observers can’t see what you’re interested in.

Full nodes offer the strongest security model. When you have a copy of the ledger that you have validated yourself, you no longer have to trust a third party to be honest about the state of the ledger. If you’re using a centralized wallet, you’re completely trusting that they are running nodes that enforce the rules of the network. If you’re using an SPV wallet, you’re trusting that the majority of hashpower is validating the rules of the network to which you agree.

If you configure your node to accept incoming connections, it helps the network by sending blocks and transactions to other full nodes to help them sync, and it services data requests from lightweight wallets. From this standpoint full nodes altruistically support the health of the network. Some users may wish to do this in order to protect their investment in Bitcoin.

From a macro perspective, full nodes keep the network honest. The more entities who are actively running nodes to audit their economic interactions, the more robust the network is against attacks. If you’re thinking from a nation-state attack scenario, more nodes = more “doors that have to be kicked down” in order to coerce the node owner into making changes against their will.

Sure, it's pithy. But WTF does that even mean?

Hahahahaha..

Thanks.    I am not getting wrenched. 

I am just in the middle of a lot of changes, including shitty and sporadic internet  - hopefully my ability to post and to catch up on the many WO pages generated every day will become better settled in the coming weeks.

By the way I screwed up on some cash issues, too in the past week, and some of my free fiat got tied up.. and so I am not sure if I would want to buy bitcoin with that tied up cash that will need to clear in a week or so.....which is likely going to cause me to be a bit overbalanced in cash, if I don't buy some bitcoins with it. . If I don't buy bitcoins with it, as soon as it clears, at least to stack it up, in the event that BTC prices dip at some point in the coming weeks...

Questions remain.  UP before down?  Bottom in?  I am still in about the 50/50 thinking on these issues.

Maybe we should start a militant atheist movement and kill all religious people in order to receive eternal peace?

Why $1 Trillion Is Possible
Although Burniske’s quasi-prediction is sound, in that if historical trends are followed, BTC’s value could hit $1 trillion, why should it appreciate?

Well, according to industry researcher PlanB, this appreciation will have much to do with the stock-to-flow ratio (SF), which looks at assets’ above-ground stock and their inflation (flow) to try and determine value. In a recent Medium post, the analyst claimed that as it stands BTC currently has an SF of 25, meaning that it would take 25 years of current issuance levels to produce the current stock (17.5 million BTC). This is similar to silver’s SF of 22, but far under gold’s 62.

Charting these values, PlanB remarked that he sees a “nice linear relationship” between SF and the market valuation of an asset — the higher the SF, the higher the value of an asset. So once the halving hits, BTC’s SF will double. And according to the commentator’s chart, if the linear relationship between SF and value is held, Bitcoin’s market capitalization could reach as high as $1 trillion, which would place BTC at around $55,000 apiece.

Im confused, are they not free now? Is there an article or update? Couldn't find anything.
Cointelegraph just tossing out hash tags without any content?

I doubt he's upset about anything, dude has thick skin and refused to take anything personally. I admire that, (I think).  I'm hoping his absence isn't health related.  He had sort of mentioned health complications in a recent post. Possibly heart related?
He'd ghosted for about a week near Christmas but it had different circumstances, some of which earned him the time out.

Bitcoin was subjected to a lot of pushback since its inception, with the Federal Reserve chair Janet Yellen calling Bitcoin a “highly speculative asset”.
There were institutional players who perceived Bitcoin to be nothing more than a bubble, speculating its price to eventually fall to zero. However,
Bitcoin seems to be doing well for itself as it has outperformed traditional markets in 2019.

Interesting concept.

+1 WOsMerit

I wonder at the significance of this outlier. We have a extremely small sample size but it does appear to be an aberration forming in otherwise pristine cycles.

New #bitcoin chart: Stock-to-Flow Multiple

Like the Mayer Multiple (bitcoin price / 200w moving average), SF Multiple (bitcoin price / SF model price) indicates tops and bottoms.
- ATH 2011, 2013, 2017 is 3-13x
- bottom after ATH = 50%
- after halvings price lags SF model price

An alternative view of @100trillionUSD's stock-to-flow/price relationship showing how price oscillates around the fundamental prediction of scarcity-based market value. Big thanks to planB for doing the work on that, and to @saifedean for popularizing the SF concept.

People joked about video games currency for years but they have never given them credit for the prebitcoin history before so seeing that here is something amazing. I for one sold one of my game characters and a lot of game money for bitcoin for example, that was the transition process for me, I moved from game currencies and so forth to actually using digital currency and I knew at that moment this has to be the thing I do from now on.

I played games all my life and made a lot of money from them when I was a kid so it was certainly a way for people to make money and spend money as well but it was not seen as a currency and not taken seriously, with the invention of bitcoin those in game currencies actually had a reason to be relative to the topic but never really mentioned until this post.

In 2001, EverQuest players Brock Pierce and Alan Debonneville founded Internet Gaming Entertainment Ltd (IGE), a company that offered not only the virtual commodities in exchange for real money but also provided professional customer service. IGE had a trained staff that would handle financial issues, customer inquiries and technical support to ensure that gamers are satisfied with each real money purchase. It also took advantage of the global reach of synthetic worlds by setting up a shop in Hong Kong where a small army of technically savvy but low wage workers could field orders, load up avatars, retrieve store goods and deliver them wherever necessary.[3][4] This lucrative market has opened a whole new type of economy where the border between the real and the virtual is obscure.[5]