Stock to flow model actually been the most accurate of all models predicting BTC price last years, and it saying we going to 82k by May 2021:
That model make a forecast for Bitcoin price with each 4-years cycle. That's all about that model. Models basically will be built up by inclusive parameters. The best model will be the one the can give the most accuracy with the least inclusive parameters. Best models will be fitted with the Parsimony rule. Unfortunately, all models are wrong as the famous statistician George Box said and PlanB emphasizes it in his personal website. The stock-to-flow model is not accurate. People that promote the stock-to-flow model are cherry-picking the data. It has no ability to predict prices.
Many people distort what they use as tool to spread news, FUDs and create hype or panic on the market. Assume that the model is accurate generally, there are points real price and predicted values on the model are not fitted, and people skip those points in their statements. There are 2 reasons: - They naively believe in the model and don't notice about those inaccurate points. Even if they see those points, they don't raise questions "WHY?"
- They know those points, know reasons (that I doubt they don't) but intentionally skip it to say what they want to use on media.
Back to the S2F model, there are many parameters that have yet been included in the model. In the future, there are decisive parameters that we have yet known at the moment. Parsimonious rule does not mean future decisive parameters won't have big weights to be included in the model. If the model skips those parameters, it will become more seriously wrong.
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Bitcoin is a digital currency that is not tangible, but people transact on it on daily bases,how is it possible ???it is only possible because bitcoin build trust among saler and buyer of the currency.it takes trust to send money to someone's wallet and wait to receive the bitcoin in exchange ...what do you think
Trust and go first for trades, without Escrow is very vulnerable to scam. - You can trust anyone but if you trust a wrong trade partner, you will lose your money.
- On the online space, the one is talking and making trade with you can be a hacker, not a real person you trust.
- Make sure to verify the person you are trading with is the real person you trust. You can require a signed message.
- The safest method is Escrow service from trusted Escrow provider
Bitcoin transactions are irreversible, please always remember it when you are on trades.
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Looks like they're working on it right now.
Edit your post with the article from Binance Binance Spot Trading System Upgrade Notice (2021-04-20)I believe you don't know the forum rule on plagiarism and forgot to add a source link. Do it before it is too late, my friend. Do it first and read more about the forum rules 33. Posting plagiarized content is not allowed.[e]
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Negative news are prepared by whales but news are spread further by retail investors, weak supporters and haters. Haters wait for falls of bitcoin to make their noisy voices. People include the retail investors and weak supporters listen to the voices from haters and believe it is the truth. Whales are observing how news are spread out and keep smiling when their preparations make sense.
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Bump it after many months of silence. Again, new all time high of total hashrate kicks off sudden drop of hashrate. Reasons, this time, are blamed on flood, rain, coal plants, etc. but do you think any of them are real problems? Without flood, rains and any visible reasons you can think of, there are scheduled plans for instant shutdowns of big numbers of mining rigs. It happens and repeats many times. Hashrates top up, price tops up, then accidents come out.
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And you move my post to off topic? Wouldn't it make sense that I was looking for money, if you use even a little bit of common sense?
Does it have to spell it out in caps locks and precise words that I AM LOOKING FOR A LOAN
Still don't get it?
If the operator of loan service feel unsafe about you (how they judge it is a personal secret), that person won't give you any loan. Imagine that a stranger knocks the door of your house, and when you open the door, that stranger ask "Hey, please give me a loan". Will you accept that deal?
In the forum, you can work but it takes time and you have to spend your decent contributions. If you have no skills, no efforts, no contributions, you won't get anything in the forum. As the rule of life, things are different when you are at the bottoms (in the forum, it is your rank). When you move up higher and higher, your life will become easier. Please start with the hardest part, from the bottom.
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📌 If you enter a $100 trade and lose 15%, you’re down to $85.
📌 If you make 15% profit on your next trade, now you have $97.75
It is classic. Not only about this, but also about your capital. Traders or investors will be killed if they don't have any capital left in hands. - Protect your capital must be your priority. You can close your position with a draw and a small deduction from trading fee. Sometimes, it is your success, not failure.
- If you win big, you will have two components in your account balance: Initial capital + Big profit. Let's take do the followings
- Take your initial capital out of your account
- Protect it carefully and don't use it if you don't lose all the big profit in your account.
- If you lose all your Big Profit, don't use your initial capital to trade or invest immediately. Spend few days or even weeks to think of your mistakes, learn from losses to improve yourself
- In crypto market, it is not hard to get big profit, the difficult part is how to keep your profit, then your capital
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I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
The market has its ups and downs. Every market has its own cyclical periodicity. Bitcoin has a four-years periodicity and others have theirs that are different than 4 years. So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
It will but when? In this year or 4 or 5 years later? Many people will be dead before BTC will reach 1 mio.
Do you really think so? Never. In worst performance, bitcoin will reach $1 million after 3 or 4 more halving rounds. I believe it will happen sooner, in the next 1 or 2 halving rounds (in 2024 or 2028). $100,000 for this year, $300,000 in 2024 or 2025, and $900,000 to $1 million in 2028 or 2029.
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You paid a high fee 0.00394308 BTC (116.4 sat/vB) for the transaction and it's enough for quick confirmation. There's no need to accelerate the transaction, and I'm quite sure you don't know how to do that. Transaction gets confirmed quicker and faster on weekend, can yo wait a little bit for it to be confirmed soon? You did not check the given question and details from OP. You are right, I wouldn't have a clue how to accelerate it You don't have to accelerate it. Your transaction (hours ago) has 106 confirmations that are more than enough. You should know the common confirmation number is required by exchanges and services are 1 to 3 confirmations. Most common required number is 3 (confirmations). I have emailed the person I sent it to, to make sure there is not a problem on their end.
Which sort of deal you did? Is it a peer-to-peer trade? To be safe in the future, you should consider Escrow services from trusted members.
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I have no idea about fees etc,I just sent the payment as normal. I have never had these issues before. It says there are 104 confirmations,I don't know what that means.
Your transaction got 106 confirmations and it is more than enough to consider as a safe transactions. More than 3 and 6 confirmations will make your transaction becomes very safe, irreversible. Hi I sent a payment via my Electrum wallet. It has been 24 hours and it's still pending. What can I do?
What do you mean about Pending here? What do you mean about "via my Electrum wallet"? I guess you're talking about - You use your Electrum wallet to send your bitcoin to exchange or service wallet. It is true?
- Pending is on your exchange/ service account. Is it true?
If two questions are True. You have to contact the company to credit the amount of bitcoin to your account balance. Sometimes, exchanges get technical problems that break their automatic credit process for deposits.
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Am I the only one who finds his tweets and market manipulation annoying?
Before Elon Musk, the market has Jamie Dimon (CEO of JP Morgan) and John McAfee and some others. I don't see it is annoying but the beauty of crypto market. A lot of newbies falling into the trap unfortunately. BTC is strong and won't be affected too much but Dogecoin is just increasing its pump and dump reputation.
Altcoins are pumped and dumped with news. News can be released on many channels and Twitter is one of channels which are used mostly by influencers. Newbies have to pay cost to learn the market. They have to pay fees to learn market actions and practice to control their panic and FOMO decisions. Tweets from Elon Musk help them to learn faster in recent months.
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Other crypto companies will try to do their IPOs. It will be a trend but not all companies' submissions will be approved. A few of them will get approvals but the general noise they make will be helpful for crypto market.
In crypto market, noise is enough to make people crazy and is it a basic rule in any financial market. 'Buy the rumor, sell the news' as the saying goes. IF you believe it will be a noisy trend, let's choose a good assets and wait for future news to sell them.
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Hi everybody, I have about 16,000 USD. But I'm very new this coin market. I need advice from experienced people. Because I'm so confused Please inform me correctly Please move your topic to Trading discussion. Move topic button at the left bottom corner. Click on that button and choose Trading discussion board to move it.
$16,000 means you have a good capital, can be a big capital in some nations, to begin. My reminders for you - If you are new in crypto market, only hold or if you want to trade, trade with Spot trading only.
- Leverage trading will kill you (liquidation) when you are not understand the market and leverage trading
- Bull market is perfect for holding so you should choose good coins and hold.
- Trading (even you do it with Spot trading) might cause losses when you sell at dips because of panic and uncontrollable emotions
- It's not my financial advice with specific coins, but you should focus on old altcoins. DeFi are all hyped and risky
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For this cycle, presuming there will be noticeable cycles in the future, 1 million seems out of reach.
If we refer to PlanB's Stock to Flow model, $1,000,000 could be reached after next Halving.
Simple thought - If BTC repeats the 20x of parabolic curve in 2017, the price for this 2021 parabolic curve will be about $400,000 (= $20,000*20)
- The Stock to Flow model shows the price would be $100,000
- The Mayer Multiple bands shows the price could touch the top upper band of Overbought area that is around $144,000. However, it it touches to that top, it will be hyped to higher a little bit
- All of these give me my simple thought that BTC can reach $150,000 to lower than $200,000
I am a simple investor.
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Onchain analysis seems to start to make noise. I already looking always on these kinds of analysis, especially the outflows/inflows of Bitcoin amount on such exchanges.
What's on my mind about the inflows/outflows is "they can also manipulate the market by just doing some huge transactions".
For example, a whale moves Bitcoins in 1 transaction to exchange, but we don't know if the whale will sell those Bitcoin, right? Or vice versa, what if there is a huge 1 transaction coming out from the exchange and send to a personal Bitcoin wallet, does it mean they bought Bitcoin on the exchange?
This is key. Whales manipulate the market and their disclosed activities are used for this purpose. On-chain analyses are interesting but two ways to extrapolate the meanings of data and apply it for investment or trading. Such data is more meaningful for investments. I agree with your opinion. Additionally, whales manipulate the market and enrich their balance (in fiat and in BTC). They can increase their BTC balance from 1000 to 2000 and reserve very old BTC - years ago, for price manipulation in the future with sudden transactions from old UTXOs.
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Also, Binance or Kucoin doesn't require KYC if you will keep at their daily withdrawal limit of 2 bitcoin. I believe Kucoin has higher limits. So if you think you will not go overboard, better not to submit your KYC docs. Considering that they are already allowing the 2 btc per day without KYC. That's a lot of money already. If I were the OP, I will only submit KYC docs in a reputable exchange like this Binance/Kucoin or let's add Coinbase. That is, if you are transacting with large amount of money.
Your information is partially correct. On Binance, you will have to fully verify to use Binance P2P. See info in [1] and [2] Now we’ve set you up with your Binance account, let’s purchase some cryptocurrency. Next, you have to complete the Know Your Customer (KYC) process. KYC helps us make sure you are who you claim to be and fulfill our legal requirements. You’ve got a few options to choose from when purchasing crypto:
1. Credit/debit card: the most straightforward option for new users. 2. Deposit funds into your Fiat and Spot wallet: transfer fiat currency from your bank account and use it on the exchange.
[1] https://academy.binance.com/en/articles/binance-beginner-s-guide[2] https://www.binance.com/en/terms
Kucoin The limit of daily withdrawal for non-KYC account is 5 BTC [3]. I am not sure Kucoin have updated it yet and reduced the daily limit. [2] https://support.kucoin.plus/hc/en-us/articles/360015102254-About-KYC-Verification
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With the hyper inflation of cryptocurrencies, you can not use it total marketcap in a bull run to conclude anything. - Total cryptocurrencies are increasing, everyday
- New cryptocurrencies contribute too much cap for the total marketcap. New projects are overvalued and you can not judge their quality, values with their caps
If you want to conclude anything about growth, look at the Min as Yearly lowest price of bitcoin. I would rather use it than the Yearly Highest Price. For bitcoin, it is on uptrend. Ups, downs, corrections, bubbles, the yearly lowest price of bitcoin is in an uptrend. The same can be done for total marketcap and with bear market, you will see how the market has been grown. Shit projects now are contributing too much caps but in bear market, they contribute 0.
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