without opining on post-halving/halvening course, it would be interesting if 2019 is a mini-me of 2013.
13.8K would represent a first peak (342% up)
6.6K-9K and in any case less than 73% (50-73% most likely) decline would represent the equivalent of the 2013 summer doldrums.
The second leg up: from, say, $8.4K to 28.7K or from 6.6K to 22.57K or from 9K to 30.8K (the latter two map the outlier marks of the destination).
Explanation: I chose percentages of the upside in the second leg to be the same as the first leg (as they were similar between two 'legs' in 2013 as well).
Even though we might be able to have two peaks, y0our comparison does not even seem close to me, unless either you: 1) count the first 2013 peak as the 2017 $19,666, then that would mean that the next peak is to come or 2) this $13,880 cannot be a peak except to be a kind of late 2015 peak of $504, which is just an intermediate stage, but anyhow under a second "two peaks theory" then the two peaks would still be to come, so maybe we would have a peak this year and another one next year, but the peaks still have to each be ATHs like they were in 2013... so anyhow, I am getting all screwed in the head merely attempting to rebutt your $13,880 peak theory because $13,880 is no kind of meaningful peak, its just an intermediate stop, like a baby peak (or a baby bullhorn spouting out of its little head before dee bull grows UPpity) If you forget about the 19780 peak (for the sake of an argument) and focus on the $3122 low as the new bull market start, then $13.8K is a first local peak of the two-peak hypothesis and $22.57K-30.8K peak would be the second one. There is no rule that the first local peak of any move HAS to be above ATH. BTW, it is not clear yet if $13.8K is a short term stop or a medium term (few months) peak. I still stand by my previous post. You can neither assume away the most important context, which is the $19,666 peak form late 2017 nor can you suggest that the fact that $13,880 is not an ATH is not a relevant consideration. Snap into reality and deal with the real and certainly relevant facts, Biodom.  Makes little sense to make a scenario that does not account for real and materially important contextual components that likely underly BTC price drives and current ongoing BTC price dynamics. ya, ya...If my scenario has a chance (aka we go deep to 6.6K-9K), then buying some at those levels (rather than buying right here) would be more sensible. |
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Dominance 66% (not that it means anything but still nice to see alts suffer)
It's going to kill the business model of all crypto exchanges, not that I care too much about that. Maybe it would happen and crypto market would resemble search or social instead of resembling the stock market. First we got "Cambrian speciation" and now seem to be having an "asteroid event". |
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without opining on post-halving/halvening course, it would be interesting if 2019 is a mini-me of 2013.
13.8K would represent a first peak (342% up)
6.6K-9K and in any case less than 73% (50-73% most likely) decline would represent the equivalent of the 2013 summer doldrums.
The second leg up: from, say, $8.4K to 28.7K or from 6.6K to 22.57K or from 9K to 30.8K (the latter two map the outlier marks of the destination).
Explanation: I chose percentages of the upside in the second leg to be the same as the first leg (as they were similar between two 'legs' in 2013 as well).
Even though we might be able to have two peaks, y0our comparison does not even seem close to me, unless either you: 1) count the first 2013 peak as the 2017 $19,666, then that would mean that the next peak is to come or 2) this $13,880 cannot be a peak except to be a kind of late 2015 peak of $504, which is just an intermediate stage, but anyhow under a second "two peaks theory" then the two peaks would still be to come, so maybe we would have a peak this year and another one next year, but the peaks still have to each be ATHs like they were in 2013... so anyhow, I am getting all screwed in the head merely attempting to rebutt your $13,880 peak theory because $13,880 is no kind of meaningful peak, its just an intermediate stop, like a baby peak (or a baby bullhorn spouting out of its little head before dee bull grows UPpity) If you forget about the 19780 peak (for the sake of an argument) and focus on the $3122 low as the new bull market start, then $13.8K is a first local peak of the two-peak hypothesis and $22.57K-30.8K peak would be the second one. There is no rule that the first local peak of any move HAS to be above ATH. BTW, it is not clear yet if $13.8K is a short term stop or a medium term (few months) peak. |
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without opining on post-halving/halvening course, it would be interesting if 2019 is a mini-me of 2013. 13.8K would represent a first peak (342% up) 6.6K-9K and in any case less than 73% (50-73% most likely) decline would represent the equivalent of the 2013 summer doldrums. The second leg up: from, say, $8.4K to 28.7K or from 6.6K to 22.57K or from 9K to 30.8K (the latter two map the outlier marks of the destination). Explanation: I chose percentages of the upside in the second leg to be the same as the first leg (as they were similar between two 'legs' in 2013 as well). Tennis (men's final) was great too.
Boring. Money has ruined sports. Back in the 70s winning Wimbledon meant something because the winner needed the money - there was a lot at stake, and that totally made the drama. These bazillionaires playing today were only playing for another feather in their caps. So GD boring I had to fast forward most of it. The effects of the ability to print money out of thin air is seen everywhere, but especially with sports. What a fucking joke our world has become because of fiat. Somewhat true, especially in football (soccer). Mediocre players are being sold for £50mil. Players which are OK, but not really great-above £120 mil (Coutinho and Dembele). |
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Tennis (men's final) was great too.
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I hope you are right this time...your past predictions were not so accurate 
I will never be a millionaire through BTC.
I hope in a dream world 1 BTC could be worth say 5000 USD maybe 20 years from now.
I could buy a nice house mortgage free.
All a dream though of course.
btc is being chased by UK housing prices, lol. his idea of a nice house might have changed too with age as it usually does. |
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For a long time now, I've had the plan to buy a new car for 1 Bitcoin. Since Bitcoin is totally moving moving in the wrong direction, I washed my car today
Can I get a summary of the reason for this drop in price? I read some theories about Trump posting something on Twitter, but do people still listen to billionaires who have a huge interest in conventional dollars to protect? We’re still in a baby bull market, just like in 2015 we had seemingly significant breakthroughs with positive price surges only to get dumped straight back to square one. As for Trump, I don’t think his tweets have had any effect seeing as though if we were going to dump hard it would have been immediately after the tweets not days after. Nothing to worry about, 2019-20 is the 2015-16 of the last cycle. The huge surge will happen end of 2020 or 2021 imo. I wonder where we will steady out? fibs upon fibs upon fibs. I hope for not less than 9k, but if we are to fully retrace the last fast advance, then somewhere around 8K. |
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sad morning feelings
golden cross to the rescue
bitcoin will rise soon
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Fed Chair Jerome Powell: "Bitcoin is a Store of Value like Gold...*almost nobody uses it as a payment system." Don't know if this is a good thing or bad. Good thing is, he thinks bitcoin is in the same league with gold. A store of value. Bad thing is, he also thinks nobody uses btc to pay for services which is absolutely not true. BTC is having troubles handling high load that's true but it doesn't mean nobody uses it for that purpose. DISKUSS! *, he said almost. Discussion: The sitting chair of the FED -- in an official capacity -- has publicly mentioned Bitcoin as filling a similar role to gold. The sitting chair of the FED. Publicly. In an official capacity. Cogitate. Let that sink in for a moment. Mixed feelings: 1. They think that it is valuable, but tame/tameable? 2. They want to suppress its price? 3. They think that it would be worth more or much more in the future? 4. They might buy some (just in case), maybe later when they could buy a bit without disturbing the price much. ...mic proceeds with eating all bread on a plate. |
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I haven’t written a check since 2002. And the last time I saw someone actually use a check was almost 10 years ago. It’s astonishing that they still exist in some parts of the world.
Well, in US some vendors (plumbers, electricians, roofers) take checks because they want to avoid 3% (or higher) credit card fee on their services. Check cost nothing to deposit. We also have something called electronic check, which is probably another word for ACH (you can pay utilities and taxes with it). It saves municipalities the same 3%. Does your part of the world have FREE electronic payment (apart from el checks and ACH)? If yes, kudos. Otherwise, you are forcing a fee on merchants. Other than that, not much use for checks. |
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Remember the prophecy
Sorry, what is this about? in other news..Powell's testimony in senate is all libra, libra...calibra. https://www.youtube.com/watch?v=NfNFPr8eJZMBottom line: they don't have a mandate to regulate it (yet). Will they (L/C) crowd out our mindshare? |
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Does anyone understand why BTC is currently so volatile? What's the reason of all these pump&dumps?  This is Bitcoin. Additionally, bitcoin, as an asset, has one weakness: it is too darn volatile for something that has above 200 bil market cap, just look at the last two weeks..
The market cap of the SP500 is 24 trillion and it declined 24% between 1 October and Christmas day /fucksnotgiven more like 19.8% and that's three months, pal, vs 14 days and i was talking about day-to-day volatility. /fucksgiven a move to 7.5-8.5K could be in the cards. Something that is similar, but maybe shallower than this: https://www.tradingview.com/chart/BTCUSD/OcS8j9al-Possible-retest-of-the-6k-area/ |
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This dip should go no lower than about $10,690.  Something "interesting" happened to the "fork". it suddenly declined 20%. Additionally, bitcoin, as an asset, has one weakness: it is too darn volatile for something that has above 200 bil market cap, just look at the last two weeks.. |
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I am glad to see these small corrections on the way up.
Once the price doubles in a month we are weeks away from the end of the bull run. It almost did that already going up from $7500 to $13,880. For the next week or so $16k would be the doubling.
The longer we avoid doubling in a month the longer the bull run. Let it grow slowly for the next year. Then double when we hit $100k and sit back and watch the fireworks.
Exactly...I was checking the same and drew similar conclusions. We were overheating at 13.8K, albeit I prefer a flat to a zig-zag, but a flat is usually not the bitcoin's way (especially when 20-100X leverage is available for some). |
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An episode of "A life with bipolar" as Brad would say aka "Shameless".
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an interesting setup in eth/btc:
eth/btc went below support at 0.024, latest seen in march of 2017
It would either turn around right here or continue until at least 0.022 or lower with Dec 2016 low of about 0.0077.
Most likely a good short, but I am not betting.
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Theory: we got "smashed" today because of all the noise coming out with regards to the wretched two headed monster from FB. The organic growth of bitcoin is/was so much better than a sudden harsh light caused by that (L-C) development. I always thought that there would be no positives and only negatives from it (contrary to many other opinions including those from Novo and Andreas). Scallops uh? And white wine. Looks yummy. But cryptoqueeen?? A salad with fizzy red wine? Oh noes. I'll go out on a limb and guess it's sweet, even  Scallops are not vegetarian anyway. If so, why not get a kebab instead? You got a problem with scallops? Apart from the price, I mean. Nope, they taste like chicken. Only mentioned it because mic said that that he might be turning vegetarian (as his gf). |
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Masterluc on Telegram yesterday. Among girls: on the whole, I'm tired of it all. My forecasts are not what they used to be, I do them without the former grasp and vision. Vanga has fattened and settled down...
But to be honest, according to the latest situation on the market, I can say that the short-term bearish picture again suddenly deteriorates. Just wanted to say it.
I like his honesty about losing his magic. not sure why he (supposedly) is referring to himself as a female? maybe masterluc is a 'babushka'? |
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Theory: we got "smashed" today because of all the noise coming out with regards to the wretched two headed monster from FB. The organic growth of bitcoin is/was so much better than a sudden harsh light caused by that (L-C) development. I always thought that there would be no positives and only negatives from it (contrary to many other opinions including those from Novo and Andreas). Scallops uh? And white wine. Looks yummy. But cryptoqueeen?? A salad with fizzy red wine? Oh noes. I'll go out on a limb and guess it's sweet, even Scallops are not vegetarian anyway. If so, why not get a kebab instead? |
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