Stable gradual price increase is the one thing I dont really expect.  I expect stormy weather and people flung over the sides never to be seen again, lost to the seas now in Davy Jones locker :p  Growth at such a rate as crypto proceeds at is not 'slow and steady as she goes'   its white water rapids and volatility will have us going up and down and defying both those expecting an absolute sell off or an easy ride up as well.   Lots of people quit, which in retrospect didnt make sense but at the time I fully understand they gave up thinking better.   Markets try to throw people out, I think thats a feature of all commodity type markets.
    Any time I get too comfortable or expectant then I'd hope to remember its never plain sailing or an outcome any really dreamt of.

I've used crypto lots in the past but the strange thing its not always progressed like many would expect with the price.   So it was a thing in tech that retailers would offer BTC as an option but they stopped doing that at some point, due to volatility perhaps it was or the time scales to confirm payment ?   not sure

  I used to use the alt coins even but I think the bigger pay processors for crypto cut back on that and only offered Bitcoin and the cash fork also.    Then recently the place I used most dropped crypto altogether, I did stress to them I wouldnt be using them for a long time because of this and unfortunately it has made it far less likely.   I do still see BTC pop up places, like my 18650 batteries will done in Bitcoin next probably.

Theres alot of money in reacting correctly to each day or weeks mood variation.     I wish I was so smart to keep selling at the top and buying at the bottom of the regular range, I could become a rich man that way.



Heres how I see it currently in a basic way, we will likely see the moving averages move closer for week and monthly then a break upwards or some weakness from there.    50 day MA also relevant for the wider time frame, I think some revision downwards is likely.

I've won higher rates from the faucet draw a few times, posted about it a couple times but never won the 1 in 10,000 prize just yet.    Thing is out of the 1 person per day that might win it and its reasonable that occurs if 10,000 attempts are made, they may not even realise.   They click the button like they a hundred times before and didnt quite figure it'd be any different this time.     I'd like every site that deals BTC to allow the rebasement of the units shown to better fit the budget of that person.   So the high rollers continue to deal their 1 BTC units and those who use BTC in far lesser units, move the decimal point and all figures are shown in mbtc or Satoshi units even.   I can feel bling with my many satoshi's  :p    One day it'll count as alot


I would, after all I have to pay for the petrol to get home and what MPG do you expect from such a beast.

Pricedingold com is a good site for that.   Tracking the price in gold is not especially extreme a consideration, we could call it 1970 US dollars price back when it had a fix to gold and ever since then prices have drifted because dollar itself had no value known for sure but invariably the price of gold is rising every decade.   The problem people have is they dont want a price over ten years but everyday and in that respect gold is too long term for many.
   Anyone who saves a pension should have at least some gold, that logic is lost to modern society and by the time we regain that common knowledge in our society the price of gold will be far higher and maybe too many will like gold at that point when the utility and growth available in others assets is higher.

This bit of news is only the very first result from the cutting edge, as I understand it Quantum computing isnt easily mass production ready so its not especially a threat.   Even if they did have alot of power in a unit ready they would direct it to the most applicable tasks and the highest cost computing is surely in national defence budgets not trying to destroy private commerce even crypto.

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Happy to write a few paragraphs on my experience using your service, I use BTC and LTC regularly so this would be a useful service to have bookmarked.    LTC to BTC could be useful as well, I agree on that idea as they both both have varying degrees of growth under differing market conditions.

The paper is inefficient and costly and wasteful to use, thats a situation when its obvious any alternative is going to make society richer to take that option.   Economies naturally favour efficency in everything and governments often block open competition which makes society poorer even if some people may benefit short term it loses the country overall longer term.   This logic isnt respected anywhere universally, every country thinks a smart idea to force prices higher to help some workers.   In the case of bad money, the fake value helps government so they are biased to themselves but it costs everyone else using it in lost and failed trading value.

Wales should have won this, so I would expect South Africa's team to take this now unless people really think England have excelled and have more to pull out of the bag as a surprise in the final.   Should be a good game either way but that was a nice upset bet for anyone who backed England tbh.

Mouse That sounds very negative against the big rise on the chart, I'm interested in why you think it might be a bull trap.    I'm trying to decide myself if this qualifies as an end to the downtrend or is just noise before we correct back below the ongoing trend of the last few months  (which is negative).




Here is my rough view of previous trend and Fibonnaci of the all time high.     I doubt I will be able to decide today, I'll be watching the 8 day blue line for this week and for us to stay above it and also I want the 50 day average at 8885 to be positive and price to be staying above it confidently.   Surely we must be testing that confidence probably the next thing this market will resolve to do.

To answer OP no it was fair enough that we rose from the lows, on the chart to hold this line would be a flag to some canny traders I guess; the amount of the rise is surprising in such short time.   We could say its somewhat artificial because it was instigated by the speech of a political leader, actual actions and fundamentals to justify such a change will take months to years.    It cant be said to be fake or manipulated especially unless you want to believe the red party took a BTC position prior to the speech.


That can happen, volume is relevant to that judgement.   Any resistance or support is just a maybe, higher probability but we never have certainties.

China is a big country and a reversal or appearing to reverse previous disapproval of Bitcoin would be big enough news to trigger a change in the chart.   It was already the case that the market can come to a stop at lower prices so it was ready for this kind of change I guess.   It doesnt mean we continue on in exactly the same way but it helps to reverse some of the recent negative action.

Any big move is not just news but also set in the charts as a possibility already beforehand.    I still wonder about China seemingly having capital controls on their currency, but being open to free use of Bitcoin.   China is not really a free country with full capitalism, its definitely top down and Bitcoin as we know is not inline with any particular countries specifics.   BTC wont favour party politics, words and actions will probably vary some here.

Excellent question because the most common reason for FIAT to exist is by force and requirement of an ongoing ruling government of that country.    Its quite possible for everyone to choose an alternative to that currency if they are able, some currencies are more reliable then others so thats natural some will prefer that quality and just what they already know.
   The foundation of the Dollar was based around what existed prior to it which is the Spanish empire and its use of gold.   So USA did start off with gold but has become now a political currency relying on the status quo and its heavily favourable as the most recognisable long term currency though others have been more favoured in the last hundred years.

FIAT becomes worthless when its not used by anyone for any purpose.   The most obvious case would be where the value of the paper exceeds the stated value, people have used currency as wall paper and fuel for fires before because it was most valuable in that way after losing any previous value.    The main answer is about a competitive market which always exists, people will trade gold, barter food and others items and take the inefficiency in those trades if paper FIAT is more awkward and unreliable to store over night.


FIAT can become worthless while a government continues.   No person or collective can defy science and alter the dynamics which can cause the failure of a currency, they can apply force but in the end the bullets used may be more expensive then all the use left in the money created.   The currency must serve a task, provide utility or it becomes a burden not a benefit or with any value.

I think its pretty unlikely without alot of momentum and 'rocket fuel' type action in the volume happening, I see no reason for that to occur right this moment.   I can understand accumulation and some positive action but my guess is we go back and forth as has been the case previously.




Heres an old chart I wanted to post, just showing action at this previous price level with lots of back and forth between the space in the larger move.  That'd be a normal outcome from now to year end.

Interesting take and attempt at being a contrarian, theres always more to observe when trying to prove a point that disagrees with the consensus.   We seem very positive at the moment but generally I would have expected more downward momentum for some months also.     Im the biggest bear here possibly but even I'd have to say the downtrend has been passed just recently, the qualifier for that is we close a weekly bar above a downtrend and it has to confirm so maybe these days upcoming matter more.


A good trader takes a thousand paper cuts but decapitates his enemy  



Its very common in FIAT market to force a fixed ratio for a price in the market.   Thats the very obvious everyday manipulation everyone here takes part in because almost every nation forces some fake pricing.   BTC aint that

Actually thats a really decent chance I'd say, better then most lotto odds so .00147 % I think equates to a 1 in 677 chance or did I do that wrong.   Surely not as .01 is 1 in 100
  Is there more then one prize, no doubt I'm making some basic error or its a case of how its written, 5 mil tickets does make the odds alot longer then that.   I get very confused when some nations use multiple decimal points which is where I use a comma.    This is how massive space missions have been lost in translation and made in error, greater minds then mine have been befuddled by simple maths convention.
    Actually I get it now, its just me being silly and .001 is 1 thousandth of a percent and .01 is 1 hundredth of 1 percent, its just me reading it differently :O

Anyhow anyone who wins on this thread, has to post a pic of the Lambo :p    or at least a really nice toy one if they take the cash lol

We are certainly going to have a repeat, if thats the most useful thing I can do today on this forum then I got to make the super simple point: this failure event is forthcoming.   The fact is you are on the Bitcoin forum where Satoshi and others foresaw the need for an alternative to the traditional system, it was clear to them back in 2009 that this was required, QE cannot fix the failings of 2008 or what happened before and since then.   It will repeat until the mistake is stopped, nobody is forcing that true its just how economies have always worked.

It represents volatility so I'm interested as to why thats occurring.   We already had a rise before the weekend and then I would guess on a positive effect occurring on Saturday and Sunday before hit the hard road on Monday again.    Its not normal for sure, put it that way so concern isnt incorrect imo but also BTC is volatile and I did expect some rise with 200 day average rising everyday; it created some vacuum for the price to re enter higher prices.     Short term prices can move in surprising ways and BTC has high volatility compared to almost anything.

Everything has a value, not everyone will value it.   I dont like expensive blue (mouldy?) cheese or alot of the deep red wines or those funny oil paintings but they are all worth and cost to make hundreds no doubt.
   Give me some simple cheddar, melted, light white wine and a pencil shading is far better imo but value can be ironic I guess.

Nothing is a threat for Bitcoin except itself ultimately.    A poor craftsman blames his tools, blames his competitors, blames the materials perhaps but its just going to be that BTC survives on its own two legs not by the blame or benefit of what opposes it.
    The main deal as I see it is every economy will attempt to destroy itself, I forget what they call it maybe creative destruction but you get the basic idea that every kind of money has some corrupt forces accidental and malicious that will always be present.   Thats the greatest threat for BTC going forward not a stable coin.
   Stable coin is basically a centralised entity, we might as well blame FIAT itself being too much of an alternative to Bitcoin.    I dont take the excuse, if Bitcoin doesnt have enough utility to it then it'll decline and not continue and it is the captain of its own destiny.

Its not the future its the present, where Bitcoin helps makes gambling easier it can be expected to expand but that doesnt mean there isnt a continuing reason to have conventional gambling using FIAT or a variety of currencies.
   I think the velocity of currencies is raising over time across the globe, it will peak at some point and settle down but meanwhile this atmosphere favours crypto as a means of fast payment without red tape, various costs.