https://www.ccn.com/bitcoin-price-moves-closer-to-7000-as-cryptocurrency-market-records-slight-gain/For the time being, significant news on bitcoin and cryptocurrencies in general has been rather quiet lately. Lingering somewhat out of the spotlight, bitcoin has been given a chance to finally begin its growth again. As long as it remains untouched by major news and generally negative reports, it should be opposition free in its recovery. However given the current state cryptocurrencies are in, it is extremely hard to say that this is the end. For now it is one foot in front of the other for cryptos. As always, good luck in this hectic market. Best regards, The Elysian Team The world worry Trump is start bombing Syria soon that make bitcoin price take off a bit. but Bitcoin is expected to drop further so litecoin is where I've got my funds until btc hits a solid bottom even now current price movement show quiet good Looks like it didn't matter if Hillary or Trump won, we are going to end up in war anyway it seems... this sucks. It may pump the Bitcoin price to the moon, but what's the point if the world is destroyed? I just hope this doesn't escalate to ridiculous levels, and with Russia in the equation you never know. They need to get their shit together, both sides. I don't know if the gassing were real or not, but in any case, you must consider as a president, if trying to save a certain population with a missile attack will not end up in more casualties in the long run due the possibility of counter attacks escalating quickly from Russia and co.. we don't want that. |
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Been saying we would spend a nice enough time in the 6k to 7k are to consolidate a bottom. Once people realized the perfect buy entry was February and we are not going back to sub 6k, the FOMO will kick in again. Every day we wake up above 6k is another day of strong consolidation, making the chances of FOMO mania higher.
I predict we are at 5 figures easily during the summer, ATH being very realistic. The people that claim it will take 3 years for BTC to reach a new ATH are the actual deluded ones.
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Old news. Phones are very insecure in general, you should be doing anything bitcoin related there. Just use a good Linux machine without any malware and you don't need to rely on 2FA. I think some people managed to hack accounts through the possible links of an smartphone with a bitcoin related account. Also see this: https://techcrunch.com/2017/09/18/ss7-coinbase-bitcoin-hack-2fa-vulnerable/ |
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George Soros, he's a chameleon who has no obvious personality, we wouldn't have known what steps he would take Crypto away. After I read Soros's harsh history in the past, I tend to think that Soros will damage the market ever more deeply. Because the trades he's to do is camouflage and that is only an allegory when in fact he will make his trade as a container for the transactions of whales.
When you hear something about George Soros on the media making some sort of claim about his hedge fund's position, it is safe to assume that he already that move. So for instance, when he said "bitcoin is a bubble" he probably had some shorts, but personally I think he didn't bother shorting, his goal was yo buy the dip. Now he has bought probably in February, and he doesn't want the price to get stagnating, which is why he released these news. Soros controls a ton of media out there. Nothing is spontaneous, it's just calculated moves. Now it's yet to be seen if Soros isn't old enough to understand why he should be stacking on Bitcoin instead of temporarily manipulating it to get his fiat up. If he is smart (and we must assume he is) he should know by now the fact that fiat is dead and all hedge funds with a brain should be building strong Bitcoin portfolios if they want to be relevant for the next 100 years. |
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There are many universities selling straight pseudo-scams, I say pseudo-scams because the information contained in the courses, typically masters, are stuff that you could find online for free, so you are just paying to get some accreditation.
I think this trend is a dying one. A high school dropout that is a killer programmer and has a portfolio of plenty of stuff to show related to crypto will find a lot of jobs vs some guy who got teached about crypto stuff in some university. So my advice is, if you can't afford these courses, don't go into debt for that, just learn stuff online and develop it and add it on your cv. I would also look who is teaching on these courses. They must be actual developers, not powerpointers.
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I dont see that slow and expensive bitcoin anywhere. Ver is repeating himself even now tx fees are at all time low. Seems like a broken record.
Also 130k spam transactions are gone now, batching is also in place, and bitcoin is functioning nicely. I will keep using it, also i dont have anything against other projects. Time will tell
Don't get me wrong sir, i'm a bitcoin believer.. i wish bitcoin moon as much as we all do But fact is a fact, Tx fees are all time low because the frequency of transaction decrease https://blockchain.info/charts/n-transactions?timespan=allHope the unhappy user will come back soon Transaction volume decreased mostly due shitty exchanges like Coinbase, which happen to have most of the transaction volume in Bitcoin, got their shit together and enabled transaction batching. The fact that they support segwit helped to lower rates, as well as Jihad and Ver stopping the mempool spam. And sure, some of the traffic was due FOMO in the bubble peak as well, but most of it was batching and spam. We'll see how the mempool behaves during the next peak to $50k-$100k, now that batching and segwit is in. |
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There's nothing impressive that I can see, most coins are just following Bitcoin, that is, doing nothing mostly. The entire crypto market is looking at what Bitcoin will do next, as it is still to be seen if we can stay above $6k or we'll test lower resistances. For now im remaining optimistic about things, and I believe $5900 was the bottom back on early Febraury, and everyone is delusional about getting in cheaper, so the second a soon-to-be-hodler with deep pockets enters, the rest will lose their patience and FOMO back in, pushing the price back to $10k, short squeezing all the people that already assume we are going to $4k. I would buy right now if I had no coins, going 50% in, then watch, in case it actually goes lower, buy dip with the rest because that's as low as it will get.
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This is how whales operate. First they tell you "it's a scam", then they say they regret saying so. That's exactly what Jamie Dimon did. They create dips thanks to their power in the media, then they buy the dip, then they buy tip, then they create FUD again, short it, then buy it at a higher floor than before.. and this is how they accumulate.
Ok let me ask you this then, if he's just starting a fund to actually BUY bitcoin, why is he telling that in the media? That would cause the price to rise (like it did over the weekend) so he has has to buy at higher prices. That makes no sense. It makes much more sense that he's actually a short seller. Or if he's now for whatever really bullish, that he already bought. Nobody is going to announce that they're going to buy soon, that's the dumbest thing anyone can do. You have assumed they will short, I have said what whales do, they say "it's a bubble", price goes down then they buy, then announce official involvement in the space (not saying what they will do specifically). This is what Jamie Dimon did with JP Morgan. I will not say I know what the hell Soros is going to do, im just saying that the facts remain: 1) You can't kill Bitcoin 2) You can only slow it's growth 3) You can take advantage of your ability to cause 2) in order to accumulate more and become a Bitcoin whale since 1) |
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This is how whales operate. First they tell you "it's a scam", then they say they regret saying so. That's exactly what Jamie Dimon did. They create dips thanks to their power in the media, then they buy the dip, then they buy tip, then they create FUD again, short it, then buy it at a higher floor than before.. and this is how they accumulate. Whales know they can't kill Bitcoin, only slow it down, so the only thing they can do to keep being at the top of the pyramid long term, it's to have more Bitcoin than the rest of the population. How they do this? like I said, they scare them so they sell them their coins, then they let it grow later. |
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All markets need lossers, and in this case, the losers will be the ones that panic sell because they lack the long term vision that investors that get really rich from paradigm shifts have. Most people aren't wired to think long term, they think linearly, they only see how the price was $20,000 and now it's $6,000, meanwhile I see how the price was $3,000 less than a year ago.
Perception is lost quickly in this volatile market. I only see progress, noobs only see a "crash". They will eventually sell their coins to me for a cheap price, and they will fomo back in at $30,000. This is how it works.
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This is pretty solid short-term analysis I think, but I usually stick to daily charts.
The resistance lines from my daily chart analysis show that we broke the long term line since $1800 which in theory would mean we would be going towards the $4000 range, but once again this is just TA, and many whales use the hope and expectation of trend lines being accurate, which means the price may go below a trend line but start going back up without touching the next expected resistance line.. this is how shorts get rekt and price squeezes happen, marking the end of a bear market and the start of the bull market. Personally I still see $5900 as the bottom, but we'll see about that. |
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Allow me to be pessimistic on this on.
We thought that volatility would end once we pass 1000, then when we passed 10 000 and I really doubt we would kiss goodbye 5% swings in a couple of hours once we reach 100 000.
Even at a few trillions the market will be still tiny, and it will take a lot more money to stop a whale unloading 40k BTC.
Where is all this fiat going to come from instantly to block the drop?
I don't now who thought that volatility would end past 1000 because that's nonsense to be honest. At 1000 a coin the marketcap is still tiny, so is at 10000 and at 100000... You need massive amounts to stop volatility in a 24/7 global market. Gold is 6.7 trillion, you can't call that tiny anymore, and that is where Bitcoin should be at, since it's a better gold. The fiat will come, there's too much fiat sitting in dumb places out there, and it will obviously not be instantly, this is a long term road with many bumps. Give it 10 years and we'll see. |
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People will look at whatever news to explain the bear market, the truth is, we are just having a natural, healthy correction, and we bottomed at $5900, so we are doing good. Consolidation of the price is happening on the $6000-$7000 area, we will probably send in no man's land until the summer starts, then we will have the next bull run towards a new all time high, who knows how high it goes next time.
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OP, dude, wake up, Soros is gonna short the daylights out of BTC. Easiest billions he ever did make. Thank you for playing!  Ultimately, the supply of Bitcoin is limited, so he can only short up to a point. In the long term the demand for a decentralized global censorship resistant digital gold is perpetual one, will never go away. With these 2 variables in mind, we know that physically Bitcoin can only go up long term. The shorting circus is only a temporal one. Bitcoin will outlive Soros and all of us, so he is wasting his time shorting, and he is not the only whale out there, by squeezing a shorting whale you can make a ton of money too as a whale with an opposed agenda.. watch out then. |
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George Soros is reportedly getting ready to start trading in crypto. Now, I wonder what the hell does that mean. Soros is a multi billion dollar player... it's not like the markets are liquid enough for him unless he wants to stay with Bitcoin only, the rest of the coins are a joke as we all know, so I assume his biggest position would be Bitcoin. Will he be trading futures or the actual asset? does this bring us closer to an ETF since the SEC would sure like to see huge players trading an ETF and not Bitcoin itself? (so they can manipulate it better..) What impact do these George Soros news have on Bitcoin? https://www.cnbc.com/2018/04/06/soros-fund-reportedly-preparing-to-trade-cryptocurrencies.htmlThe news say it will be through his investment fund, but we don't know what they will be doing exactly. |
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Bitcoin will never have something that we can consider being the true value, just like Gold or any other asset in the world doesn't have anything like that. I personally base my 'actual' Bitcoin price on the bottoms that we mark in the charts, because these bottoms throughout the years have proven to be solid support levels, and that likely applies to the $6000 level in current times as well.
I personally don't even bother thinking about what the actual value of Bitcoin per its unit is, because it doesn't even make sense. It's personal for everyone what he considers Bitcoin to be worth, which depends on the needs of the buying party as well. Short term speaking, you might not consider current levels to be that much of an interesting entry point, but what if you need to quickly to put wealth into Bitcoin because banks are making life difficult for you? You'll gladly pay that specific price, which at that point means that need overrules the aspect of whatever Bitcoin's true value may be. If you take into consideration that everyone has its own needs and motives to buy Bitcoin, the 'true' price doesn't even matter.
I know the "true value" idea is a subjective one, which is why im pointing out at how trying to establish that the objective value for Bitcoin is simply "what costs to mine one". The realistic answer would simply be, "what the next guy is willing to pay for it". But in markets, we try to find an approximation for this "true value" even if within itself it's a vapid concept, so it's all about price discovery. Similarly, "moon" is also a subjective value. For these that asked, for me "moon" means a more or less stable price cause due a massive marketcap, just like gold. Gold is stable because it's an huge force. When Bitcoin's marketcap is worth a couple $trillion we will not have people moving the price one tweet at a time. We need there to be a serious safe haven, and these that get in while it's still a crazy volatility ride will get insanely rich long term, by simple risk reward. |
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Why do some people think this is accurate?
The cost to mine 1 BTC varies a ton depending where you are at, so this would mean if you are from China the cost will be cheaper than in Canada for instance, but this is not all. There are many other variables.
So you would need to create a global average I guess, but even then, how is this accurate?
Bitcoin is a viable substitute for gold, but just better. How could 1 unit of Bitcoin be only worth it's cost to mine one (which by the way I think it's around the current price) when it's marketcap is so tiny?
It's insane to assume that you have to wait until 2140 to reach "the moon". Bitcoin's features are the same irrespective of how many halvings away we are from that. The cost of mining one doesn't reflect it's true value. The hashrate is strong enough to be as safe as it gets to use a store of value. If anything, it shows me that it's insanely undervalued.
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My technical analysis shows a possible downfall to $4300 ish as a despair mode, but then again, the fundamentals tell me the panic selling is reaching ludicrous levels. These indicators are very interesting tho, I also like the Mayer multiple indicator: https://twitter.com/tipmayermultpleThere's just no reason for such low prices, other than a bunch of idiots handling their coins to Wall Street which are the ones buying all the cheap coins before institutional money and other whales come in. They will not do it before all the weak hands are shaken. |
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This explains the obsession of people with social media... not only they like to share what they do, but they aren't dumb, they know there's money to be made out of a big subscriber/follower count, which is exactly why you have a ton of idiots doing crazy shit to get notoriety on these social medias. For example, all these kids doing insanely risky stuff like parkours, jumping from building to building, taking extreme selfies... they just want the notoriety, which leads to the money.
Well this was always the case. Fame leads to easy money... but nowadays it's even easier, you just have to make a tweet or take a picture showing a product to your millions of followers and you get paid insane sums, as seen by the McAfee case.
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Im glad to see I was accepted. Is there any expected duration of the campaign or is it indefinite? I hope it lasts as long as Bitmixer/Chipmixer, they seem to be doing great for years. Mixer ads seem to work well in this forum.
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