Good to see the Republican Party doing their bit as fiscal conservatives. Muh trickle down economics. |
|
|
|
|
The fractal says a low of $3,800 in January 2019 but let’s wait and see. It won’t be an exact match and lots of whales will be aggressively trying to chop up the market.
|
|
|
|
I love how you all still have hope. It's refreshing.  I'd hope it all works out for you, but, well... The next peak is $180,000 in December 2021. But the next 12 months are going to be boring and depressing as batshit, with occasional moments of sheer terror. Make your plans accordingly. I suggest deep cold storage. Put it under a concrete slab if necessary. So you and wekkel are not voting option 4 in here  https://twitter.com/fundstrat/status/1046457776753573890?s=21If we follow the pattern of 2014 / 5, it will bottom between January and September of next year. Except probably a bit sooner because all the traders will be trying to front run the pattern. You just don’t want to make your run too early so they will want some confirmation before entering. |
|
|
|
Haha. BCH dollar price up 4% in the couple hours since 'the sky is falling' tweet from pansy btcking555. BCH should continue to pump (with ‘organic’ fluctuations) until the IPO date. You can’t have a dump, without a pump. After the IPO date, Bitmain will abandon it. |
|
|
|
I love how you all still have hope. It's refreshing. I'd hope it all works out for you, but, well... The next peak is $180,000 in December 2021. But the next 12 months are going to be boring and depressing as batshit, with occasional moments of sheer terror. Make your plans accordingly. I suggest deep cold storage. Put it under a concrete slab if necessary. |
|
|
|
Thanks for the article Hairy...... I cannot recall whether we have had any discussion in this thread about that particular topic, and I remain a bit confused about how much significance the Veem - thingie-ma-jiggy - shows beyond merely providing additional evidence that traditional financial institutions are taking greater and greater stakes in bitcoin related products/services? Maybe Wall St is waking up to the fact that private / permissioned DLT ledgers are worthless. But more likely they just want a finger in every pie. |
|
|
|
I haven't done the full Math on this, but isn't that a back and forth kind of game (due to the presence of traders and speculators)?
Correlation vs Causation. This is the Captain speaking. If there is a statistician on board, please press the call attendant button to identify yourself to the cabin crew. From that perspective you can spin the argument up from both sides. The price is a result of the difficulty, as it dictates the supply. The cause that you speak of can be arbitrarily picked here. (Infinite difficulty = no coins = no price, hence the presence of a difficulty creates a price) Except this isn’t really accurate. Difficulty adjusts both up and down. With a low enough difficulty I can run the entire Bitcoin network on my 2009 laptop. Any decrease in supply due to a rapid decrease in hashrate is inconsequential on a multi year time line. |
|
|
|
I haven't done the full Math on this, but isn't that a back and forth kind of game (due to the presence of traders and speculators)?
Correlation vs Causation. This is the Captain speaking. If there is a statistician on board, please press the call attendant button to identify yourself to the cabin crew. |
|
|
|
Did you actually include the halving in your plot? How about difficulty increase (and hence mining cost per BTC)? Or did you just overlay the 2014 scenario without any other factors?
Yes I have adjusted the 2014 scale so that the 2014 halvening aligns with the projected May 2020 halvening date. I have not taken difficultly into consideration as difficulty is an effect of price, it is not a cause. |
|
|
|
High probability we test the yearly lows in Oct, and fall.
October is traditionally a rally month. |
|
|
|
Volume still looking like it has bottomed for the time being.  |
|
|
|
Brace yourselves. We are edging another dump.  4 hour chart for context  |
|
|
|
|
Show Posts
