I don’t know that you could port Bitcoin onto Grin. So it is a threat. But their monetary policy is fuxxed. Big mistake having an endless emissions. Same trap Monero fell into. So that significantly reduces the threat. |
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Hi Wekkel you don't post a huge amount of content but when you do, it is generally very good. Nice find. |
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Ok let's see if we can bounce off $3400 or stay above it.  |
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Hairy - thanks for the analysis but I'm not sure that logic holds (yet).
We're still looking at lower highs, and the recent move up didn't push past the 50-day MA. Meanwhile volumes are still down on what you'd expect for a bitcoin capitulation. I'd expect weekly volumes to rival the highest-volume week of the entire downtrend, like 200k BTC on Stamp.
Not suggesting we can't have seen the bottom yet, just that in my view it's certainly unconfirmed.
100% agree. This is certainly not confirmed - it is a tentative hypothesis only. The majority of technicals are against the bottom being in. Really we have two choices. Either Bitcoin price cycles are stable in length or they are getting longer. I am punting on the former but this is all about risk management. |
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I'm a little bit ashamed at myself at how horrible I am at prognosticating anything crypto-related, but the current issues with ETH, overall, has led me the seriously ponder; "Is ETH truly and honestly dead, and it just doesn't know it yet ?"
I can't see how it survives 2019 without plunging to at least half it's current valuation.
It almost feels like all the individual elements that have plagued ETH over the last couple years, have recently come together, and left it teetering on the edge of being declared a failed project.
The fact that it's nigh-impossible for the average joe to run a full, modern ETH node is a catastrophic oversight in retrospect.
Don’t write it off. Look how long Bitconnect lasted. Also no one gives a shit about 51% attacks. 50% of the market is dumb money. 45% is dumber money. Bitcoin will continue to prevail but we aren’t going to get rid of these parasites sadly. |
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etc monies got returned. etherdelta did not. likely unrelated?
Isn’t etherdelta a decentralized exchange? How did that happen? |
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One point of clarification - I was referring to 14 January in 2015 being the bottom for the prior crypto winter, so if we follow the template we have passed the point of most danger for this year.
But yes agree that if the template holds then $3122 was the bottom for 2018 - 19 crypto winter. Which I am very pleased I bought - if only a little bit because god it felt like shit at the time.
The theory here is that we are slightly front running our previous cryptowinter, so I think we are closely aligned in our analysis.
Do we dare call a bottom to this cryptowinter? Let’s see what next week brings.
But I think we can start establishing a tentative hypothesis that the 2018/19 winter bottomed at $3122. We still have at least 6 months of sideways chop ahead of us. We can still retest the 200 weekly MA as it is rising all the time without breaking $3122 so long as we only test it lightly. 200 Weekly MA is now at $3250 so that support line is gently rising.
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Bitcoin bottomed around 0400 hours GMT on 14 January 2015.
We are now past that time in this cycle. If the fractal holds, we have bottomed.
I just bought again.
Happy to hear this from yourself Hairy. Sent you my last sMerit. Tell me to fuck off if you want but I’m interested - Are you British? What’s your employment background, I’m just curious where you learnt to read charts etc Hi LFC. No I am not British but for my sins I have to spend a fair amount of time in the UK. My employment background is loosely described as helping businesses solve stupid, repetitive problems, mostly with tech. I learned to read charts by listening to Tera on this board and then picking up some text books on candlestick patterns. I follow a bunch of people that do Bitcoin TA on Twitter, but think most of them are idiots. @MustStopMurad is good and @PeterLBrandt has his moments. Generally I try to aim for TA that is long term, on based on weekly candles with multi-year cycles, focusing on price, volume, trend lines and moving averages. Anything else is largely noise imho. PS fuck off  |
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Anybody who brings up race-based conspiracies in a bitcoin forum earns a permanent spot on my Ignore list. How about biology? Is biology okay? Do you mean biology-based conspiracies or just biology as a general term? I don't know what you think a conspiracy is. Anything on Youtube that involves gay frog man |
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Bitcoin bottomed around 0400 hours GMT on 14 January 2015.
We are now past that time in this cycle. If the fractal holds, we have bottomed.
I just bought again.
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OTC Buying Pressure Increases https://www.cryptoglobe.com/latest/2019/01/the-week-bitcoin-otc-volumes-up-bitwise-etf-bitmain-appoints-new-ceo/"Buying pressure has reportedly increased at many notable OTC crypto trading desks. One of the largest OTC traders, Cumberland, tweeted that the imbalance between buyers and sellers spiked by 60% over the last week. Galaxy Digital saw robust buy back from asset managers, who previously sold assets for tax purposes. The nature of most of Paxos’ trading activity this year was buy tickets from emerging markets traders. Circle’s OTC desk saw a “come back” in January after elevated sell pressure in December. Genesis OTC volume is up by 50% year-on-year. According to a director of the fintech research firm Tabb Group, Monica Summerville, the OTC market is about two to three times larger than trading activity across the whole of the retail exchanges." How can OTC figures be verified? It would be nice to see them listed, although I'm sure they would be as fake as the exchanges are. OTC is by definition secret. So good luck with that. However it is almost certainly onchain rather than exchange transactions which are offchain. So maybe you could work out an onchain analysis. I have no idea. |
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OTC Buying Pressure Increases https://www.cryptoglobe.com/latest/2019/01/the-week-bitcoin-otc-volumes-up-bitwise-etf-bitmain-appoints-new-ceo/"Buying pressure has reportedly increased at many notable OTC crypto trading desks. One of the largest OTC traders, Cumberland, tweeted that the imbalance between buyers and sellers spiked by 60% over the last week. Galaxy Digital saw robust buy back from asset managers, who previously sold assets for tax purposes. The nature of most of Paxos’ trading activity this year was buy tickets from emerging markets traders. Circle’s OTC desk saw a “come back” in January after elevated sell pressure in December. Genesis OTC volume is up by 50% year-on-year. According to a director of the fintech research firm Tabb Group, Monica Summerville, the OTC market is about two to three times larger than trading activity across the whole of the retail exchanges." We heard the same story at $6k. BS. There is genuine organic demand out there but I’m not looking to OTC, Wall Street bonuses or Chinese New Year to right the ship. |
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Going cashless doesn't work if there's a power cut.
ATMs don’t work without power. Most people don’t store large amounts of cash in their homes. |
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^ Just so you can finally shut up repeating the same old argument over and over. Yes, we are going to a cashless society. That is probably already irreversible, it's just a matter of time.
No, I don't think states are supporting Bitcoin for that nor they really need to but if that were the case it would go to the moon first.
Now just fucking stop FFS.
What do you mean we are going to a cashless society? We are already there. The only time I have used cash in the past 12 months was when I was defeated by a parking machine in a UK seaside town which would not let me out without a pound coin. I had to go to an ATM and then to a pub to buy a beer so I could get a coin. Fucking savages in the UK. |
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Guys the Russians are not coming. That’s a Twitter circle jerk, nothing more.
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What witchcraft is this? How are they not wasting their time? Is Bitcoin their “forex”? |
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