And here I thought bitcoin was drawing a Monero logo?

Bingo.   Also all the trash.  Well all but Btrash.  I need to see it die in a fire.  A few quality projects are faring better.  If you sort the drop from low to high you will see a list made up at least 70% by projects will real utility or proven value and/or stability Monero, Decred, ZCash, Namecoin, Lightcoin.  And along with those last two another venerable oldies: peercoin and primecoin!

ETC is actually green.  And I am not sure what that means...  because I think the ETH implosion is partly because we really don't NEED that technology.  Lightning will likely supplant it eventually.

Until lightning is mature.  I believe coins with true utility and/or testbed functionality will remain viable.

Because it isn't one.  Yet.

I doubt it.  ~7200 *could* be though.  But that's the first stop.

You know that run up to the time you finally, but gently launch up from the bed and stagger, eyes watering, to the toilet... get on your knees, throw back the lid and take a couple more cold, short breaths before you wretch your guts out.  Probably three, maybe four good spasms of agony and acrid taste, then a couple more deep breaths, and of course the encore as you struggle to even produce much more than thick drool with each dry heave.

And finally... you feel the incessant misery that has been building up for an hour receding as you stagger up and rinse out your mouth.  It's over.  And you are going to be OK damn it.  In fact you will be just fine.

Well.

We are not quite to that time yet, I am sorry to say.

But it is very close.

And when we are all done, and about to tuck back in bed to rest peacefully...

One of you.

Will be able to ask:

"Who sold at the bottom!?!?"

Just me?  Or this starting to hurt a little?

If by a few you mean nearly all...  I agree

I am all for contrarian viewpoints.  But I just added the above chart magician to my ignore list.  His one trick has gotten old.

Dingding...

Orders filled.  Wow that was fast.  Wonder if these were Jihan's originally...  who knows?

Cross your fingers...

*sigh*  You don't really have very much bitcoin do you?

Ooh.  I see a cagematch forming!

Voodoo.  Looking at recent triple top resistance it's the 78% fib area.  It also corresponds with some good consolidation from back in November before we went berserk till Christmas.



Like I said... vodoo. 

I also like the fundamentals situation of BOTH Bitcoin and Monero right now.

I expect if the market is going to turn positive it may happen on the WAY to that level as opposed to right on it, and also has the potential to move very quickly once it happens.  Gambler that I am, I am getting in now so I can sit back and watch.

I had a long discussion with my wife just before the end of the XMR runup that I wanted to sell a large portion of our Crypto stash as I anticipated we were near a local top.  The top beat me before I could make the move.  I think we are at (or near) a local bottom, so I am FOMO frontending it this time.  I am not a trader and typically make moves 1 - 2 times a year.  Plus I am not wanting to play with the IRS since Crypto is now no longer just magical internet playmoney.

I apologize. Really I do.  Heuristic already warned you what this could mean...

I am buying here.  Will be pulling the trigger in a few moments.

I expect BTC will bounce near or before 7.2k and chances are XMR will follow it up.

The market has not stopped crashing.  Why?  I think this is a fairly natural and possibly healthy correction after a heated runup last year helped along by the whole BCash debacle, Kobayashi, futures markets and some manipulation, etc.  And the alts, like XMR will fall in line with Daddy Bitcoin.

I would say I am more interested than concerned. I think the news from this will be mixed. But then again they may surprise us and it could be very positive or very negative, but I think that right now the prevailing trend for these kinds of things is fairly mixed.

I imagine we may here more about the crime angle with crypto.  I would love to hear even the faintest sounds of thoughts of embrace by reserve banks.  But I doubt that.

I guess we can't hope here for a triple bottom ?

I didn't do anything with my dust!  This is all on Hueristic!

BTC address?

You want BTC, LTC, something else?  (I don't touch BCash)

Market dump? Limit dump?

44RTDnaPPKm7Rz786ugX5LGGP8ZSjFSfw3xZBtFhqjecgTNoqpohP6NRv774Cdk1QqE7WRpkLZ44aiJ ATczaw8EC4wRGStZ

Damnit if you'll just take this bitcoin off me I'll give you a quarter of a million dollars!