40k by end of 2018? That's very conservative. Will they really "tame" the honey badger?
Remember all the pundits saying in early December that Bitcoin could reach 10k by the end of the year? |
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We have had our fun but I don’t think we are mooning this side of the 2x fork at block 501451 which is ~ 300 blocks away. We could easily have a relief rally after though.
Mem pool is swelling with 5 - 10 sat transactions which are spam. Our hash rate seems stable enough though.
Edit: after thinking about it some more I expect a further bump as herd moves in for fork coins.
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From my perspective it’s not a bearish sentiment, it’s a recognition that there’s limited new liquidity on the exchanges due to the public holidays and difficulty transferring fiat up to 31 January. We also have to deal with the 2X fork on the 28th.
If the poll date was 15 January I would’ve given quite a different answer.
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The poll seems too wide-range now, less than a week away.
Let's play a quick game (no prizes just fun) - name your prediction for 31/12/2017 at 23:59:59 GMT on Bitstamp.
I say $17111.
$1673 $1340 I picked 12k-14k on the poll when it was posted, so to keep within that theme, $13603. Fark I missed a zero. $13,400 |
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The poll seems too wide-range now, less than a week away.
Let's play a quick game (no prizes just fun) - name your prediction for 31/12/2017 at 23:59:59 GMT on Bitstamp.
I say $17111.
$1673 $1340 |
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I dont put much stock in events. I just read charts. There are many negative events during an uptrend or positive events during a downtrend and they fail to break the underlying trend. Only when the trend is already ready to be reversed and the whales were already there waiting for an excuse to dump or buy will it reverse. Otherwise youll see only a pinbar that goes past the trend but quickly and strongly reverses.
Lets take silk road for example. Terrible news as any. But it was clear on the very first day that it wasnt breaking the uptrend. It didnt turn the daily chart into a mess.
The millions of johns and joes getting on a train dont have a clue what any of these events mean. We simply just started running out of johns and joes.
If it was just one Fluke event on Friday you'd see more volume, a stronger recovery, and a better daily chart.
Tera: I give you a fair amount of stick but I appreciate your thoughtful analysis. It is a good counterweight to my natural bullishness. Don’t let anyone dissuade you from doing what you do. |
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What do you think it's just going to continue setting a new ATH every 5 days with that weak chart and thin book? Its over. Get over it.
https://youtu.be/OZSr27GQq7w |
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Badger is enjoying some holiday spirits
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I didn't make any Tether calls. I might have joked "tether to the moon" but I'm scared to death having to hold tethers instead of fiat.
Do you think there is a difference between holding $50 in Tether and Bittrex showing an unsecured credit in in its books in your name for US$50? |
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I don’t know how you sleep at night knowing the Chinese government can whisk away your coins any time it pleases.
Stop shilling, that's BOTH BTC and BCH chains, or any sha256d chain for these completely centralized systems. Wrong. We can live without the Chinese. I run my own full node and can mine if I need to. The difficulty adjustment would take awhile but we would do fine. The difference is that Bcash ARE the Chinese. |
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The core team, unlike the tree or two people calling the shots for bcash, are hundreds of developers working for *free* vs just a handful. You speak in total disrespect of opensource as such...
Thats where you're wrong kiddo. Look at the github and filter those developers which did more than 1 commit and did not just changed a typo...you're left with basically 5-10 persons There are only about 5 people with commit rights to Bitcoin, with hundreds of developers contributing. The difference is Bitcoin has hundreds of thousands of nodes that enforce consensus. A bad commit will go nowhere and the system will continue to run perfectly while the bad actor has his commit rights removed. Bcash is controlled by a single person and has almost zero independent nodes. It is wholly centralized and can be taken out by the Chinese government at any moment. I don’t know how you sleep at night knowing the Chinese government can whisk away your coins any time it pleases. |
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The best way to fight back is to take the profits back from the whales. The war will end as soon as the war stops being profitable, just like every other war.
I sure hope the BCH FUD stops soon, getting really tired of it. Bitcoin is losing hash power at the moment. What does that mean? It means the whales are signaling. Listen to their signals and learn to interpret them. Hash power down, means mem pool filling. Mem pool filling is troll food. Troll food is FUD. So more FUD is coming soon. We all know a fork is coming at block 501451. So double FUD. Learn to read the whales’ signals and front run their trades. Make them do the heavy work of moving the markets and you take the profit. This hurts them and helps you. It also helps Bitcoin. |
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The reason we have a war is because it is profitable for the whales. The best way to fight back is to take the profits back from the whales. The war will end as soon as the war stops being profitable, just like every other war.
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Well said cAPSLOCK. An 8mb block is a joke when it comes to scaling.
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Exiting, isn’t it.
A bit too early to say that |
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This is amazing. You know a cryptocurrency is officially shit when even pirates won't use it. Fucking LOL. Why wouldn’t the pirates use a cryptocurrency that could be taken out by the Chinese government at any time? /s |
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Well...
Smart people knows that dec/28 will be the history day to bitcoin and are hold or buy more bitcoin in this price...
After the Hard Fork dec/28 the prices will grown so fast that you cant imagine.
Note my word and enjoy the ride
$$$$
Will there be replay protection this time? Can I have both wallets in the same system? Switching systems is such a hassle. It’s probably just another whale game intended to cause maximum disruption. So you should assume no replay protection and people will lose coins because they are greedy and don’t take proper precautions. |
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I think Stamp has been the price leader for quite awhile now. Which is ironic because it’s volume is so low, but at least the volume is organic. Bots don’t give you price leadership. Especially not arbitrage bots.
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