Edit:
Also HM your "overlay" is incorrect.
Lies In what sense is it incorrect? It is simply incorrect because history rhymes. Your construction of overlay diminishes the obvious delay in timing from the previous movements to the current movements that are taking longer to develop. You will see soon enough when you shake it like a Polaroid picture! Fair enough. I think that the halvening (supply reduction) remains the primary driver of price over the long term. I also think that the “longening” (increase in Bitcoin price cycle time) is inconsistent with the halvening being fixed 4 year periods, more or less. In other words I do not believe in the longening and think it is just an artifact of historic price battles. We shall see soon enough whether I am wrong and the longening is a thing. I would say that the longening is a thing if the price is still doing poorly, at or below this level in December. A little bit of a strange speculative indicator that you raise here, namely "longening", and surely a long amount of history of several more cycles would likely be needed to determine with any kind of certainty whether a "longening" is actually happening. I doubt that you would be able to determine such a phenomena from this exact cycle, even though it is not a bad talking point. Regarding the halvening, the percentage of its affect in respect to BTC supply is certainly a less and less proportion of the bitcoin, so it will seem to have diminishing importance in the future, even though I would agree with you that today, that halvening plays a considerable role today, and perhaps bordering on a "primary driver" role as you assert. To clarify, I am saying there is insufficient evidence for a longening. I think we are in agreement? |
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Does anyone know why the order book on stamp looks so different than elsewhere? On stamp there seems to be much more buy support than sell resistance. Eg buying 1250 btc on stamp now will bring the price up over 17% while selling the same amount will bring it down less than 3%. However stamp volumes and walls are tiny compared to other exchanges (but other exchanges have more fake volume and walls) and according to https://data.bitcoinity.org/markets/books/USD the buy and sell walls are much more evenly matched (when I looked just earlier the sell walls were even larger than the buy walls across exchanges). What is the truth? Does binance have too large an influence on the overall figures? Stamp is the price leader most of the time and has to be taken seriously. |
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Edit:
Also HM your "overlay" is incorrect.
Lies In what sense is it incorrect? It is simply incorrect because history rhymes. Your construction of overlay diminishes the obvious delay in timing from the previous movements to the current movements that are taking longer to develop. You will see soon enough when you shake it like a Polaroid picture! Fair enough. I think that the halvening (supply reduction) remains the primary driver of price over the long term. I also think that the “longening” (increase in Bitcoin price cycle time) is inconsistent with the halvening being fixed 4 year periods, more or less. In other words I do not believe in the longening and think it is just an artifact of historic price battles. We shall see soon enough whether I am wrong and the longening is a thing. I would say that the longening is a thing if the price is still doing poorly, at or below this level in December. |
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Irrespective of its merits - it doesn’t have the volume to support meaningful trading. BitForex is thin enough. |
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What do you think, how will the high inflation in the first five years affect the price?
I expect higher than normal volatility. Downturns will be accentuated by high production from miners, lots of fresh coins having to find homes. |
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Where the fuck is HM already? I want my analysis!!  Sorry been in transit and couldnt chart on a phone.  I'm out for now, it has broken support too many times. I'll come back in a few weeks and look at it again. |
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To be fair, the gold doesn’t belong to Maduro and the West should not assist him stealing it while Venezuela burns. I’m sure the goldbugs are going conspiratard over it tho. |
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Looks like we have consolidated and are getting to smash upwards again.  |
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Agreed. I may have started the Grin thread but it’s still a shitcoin for the foreseeable future.
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I'll take a safe bet that it will reach at least $500 within the next 3-5 years. BTC run not included. If we take this extra for granted, well...  As already said, I mine it. If I'm going to buy it, it needs to be around the $1-$3 range. Almost bought 300 Grin the other day. But I didn't. Of course a sub dollar price would be nice for entry. I just don't see it. Never have seen it. We never got to sub $1. It bottomed at about 0.00054 which is about $1.90. I know cause I had buy orders at 0.00052 which were never filled.... |
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Finally something I can TA, rather than the price just going straight up. Possible temporary top to this rally.  Ok fuck it, getting serious FOMO.
When are reputable exchanges like Bittrex going to list this bad boy?
Your guess is as good as ours. |
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Interestingly it opened on Gate.io and has gotten exactly zero volume there. I was a bit surprised by this as I thought Gate.io was a bit of a big hitter and it would attract more attention.
Bittrex, HitBTC and Binance definitely would be good exposure now that we are on CMC.
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Wow that was a difficult 24 2.4 hours.  |
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The next 24 hour are critical  |
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We have broken into the top 200 on market cap. We have hats but what we really need is pants.  |
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Good night man. Sweet dreams of trains, rockets and stuff.
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Not quite yet on Bitforex. But ask walls being pulled above 0.0028. There used to be 2,900 to 0.00285. Now only 400 to 0.00289. Before  Now  EDIT: And 10 seconds later we are through to 0.00284 with all asks pulled when touched. Not much left but blue sky from here.  |
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Dildo expected if we break 0.00281  |
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If we are going to be stupid about it, resistance sits at 0.028, 0.0475 and 0.1 ....  Edit: I'm an idiot. I meant 0.0028, 0.00475 and 0.01. Fooking decimals. |
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