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@pooya87. Yes, I reckon market analysis is more art than science. But sometimes you may never know. The analysts can make the right decision in the most decisive time hehe.
In any case, I am watching bitcoin and $6300.
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I disagree. You focus on BS factors such as market sentiment.
I focus on the one and only unsindacable fundamental factor: liquidity.
Liquidity does not stop a bear market. It only makes it easier for everyone to sell their cryptocoins in a fairer price than if the market was illiquid. Try looking at Aeon's liquidity and compare to something like Ethereum. Ethereum is very liquid, Aeon is not but both of them will never escape the bear market. |
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I have a question for Manny fans or the Filipinos. This was asked by someone before but it gave no definite answer.
Manny Pacquiao is a senator in the Phillipines that would maybe make him more money, legally or illegally, than boxing. Why does he continue to do it? Is he in debt? I heard he spends and gambles too much. A common mistake among superstar athletes, I reckon.
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Facebook do not care about cryptocurrencies or care if it is legit or not, all it cares about is to avoid sanctions and to grab more money. They might limit posts offering free advertisements to an exchange but why limiting a considerable payment coming from paid ads?
Agreed. Apart from my post before, Facebook is having less and less users every year, and that signifies less profit for the company. Maybe they realized their mistake of blocking one of the most profitable way for the company to earn from ads hehe. I reckon their original decision to ban ads from the cryptospace was not a public service. They also have their own secret scamcoin in development. |
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I reckon this is Fundstrat's delicate way of admitting that our man Tom Lee is wrong and this is our new prediction. The bullish appears to be now bearish, should we start to anticipate for the price to go down lower? How low? I hope Tom Lee is ok hehe.  Speaking on CNBC yesterday, Fundstrat’s Robert Slyumer has given his opinion on the BTC charts. He believes that the current Bitcoin downtrend can only be reversed if the coin creates a short-term break, through the $6,300 mark.
The Bitcoin analyst studied the Bitcoin 15-day moving average charts from May and said:
“It really is a no-man’s land from a trading standpoint. I think if you’re a very short-term trader… we have a critical stop level at the $5,800-6000… with a resistance level of $6,300-6400. If it can rally through that, I think there’s a chance Bitcoin could start to turn.”
Tom Lee’s prediction that Bitcoin will reach $25,000 this year will be a tough rally for the coin in Slyumer’s opinion: “At this point, we’re just seeing recovery rallies back to the 15-day, back to the downtrend, and it’s failing.”
Read in full https://cryptocurrencynews.com/Bitcoin-downtrend |
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Ok, prove me wrong.
You must understand that the demand in USDT is going up when the price of bitcoin is falling down. That makes the issuer need to issue more USDT to maintain the peg to $1 = 1 USDT. In any case, USDT printing is not because someone is preparing to pump like what you presumed. Not sure what you mean.. more or less demand, that's still liquidity which is eventually gonna be pumping up crypto prices. Agreed. But it must also be understood why more Tether was issued. It was not for the intention of pumping bitcoin or Ethereum, but to maintain the $1 = 1 USDT peg. Why you believe the reason behind the printing is important? To me, the only relevant dynamic to state that there will be other bull runs, is knowing that new liquidity will be injected. Knowing the reason behind it is important because the uninformed people in the cryptospace might see this as a sign to start hyping themselves into buying bitcoin. To prove that point, look at the price of bitcoin when the thread started and compare it to the price today. If they started buying because they thought it was good news, then they are losing money. We might be entering a longterm bear market. Saying it will never happen is foolish. |
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Btctalk name : Soots
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Hello jeremypwr, applying for the vacant Hero slot. Thank you,
Btctalk name: bbc.reporter
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@hp162133. It is a maintenance update, it's optional. But it is still the best practice to have your nodes running the latest updates.
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I think someone had to pull some serious strings to make them change their mind. Or maybe it was group effort?
What I don't like is the author of the article calling crypto market a bubble that has "declined". There's no bubble! A bubble suggests that this market is full of empty promises and will end up popping and disappearing, and we all know that it isn't so. I'd like to see that disrespectful prick's face in a year or two.
Nothing to be surprised, for those people who havent so much knowledge about crypto and just going with the flow would definitely say up these things and for us who are knowledgeable would just got pissed because we do know this thing isnt true. @darkangel11. Or maybe some Facebook executives have investments in the cryptospace and they are giving favors to those projects they have interests in hehehe.
Think up the same way too which there are might some facebook executives do heavily invested on crypto thats why they do revert such decisions on banning on crypto ads.This is the nearest thing that i presume on whats the reason on such decision. I reckon it might also be because Facebook is developing their secret cryptocoin project. It would make them look bad if they block everyone and they the only one allowed to advertise their altcoin hehehe. |
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Ok, prove me wrong.
You must understand that the demand in USDT is going up when the price of bitcoin is falling down. That makes the issuer need to issue more USDT to maintain the peg to $1 = 1 USDT. In any case, USDT printing is not because someone is preparing to pump like what you presumed. Not sure what you mean.. more or less demand, that's still liquidity which is eventually gonna be pumping up crypto prices. Agreed. But it must also be understood why more Tether was issued. It was not for the intention of pumping bitcoin or Ethereum, but to maintain the $1 = 1 USDT peg. |
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Ok, prove me wrong.
You must understand that the demand in USDT is going up when the price of bitcoin is falling down. That makes the issuer need to issue more USDT to maintain the peg to $1 = 1 USDT. In any case, USDT printing is not because someone is preparing to pump like what you presumed. |
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What happened to the main card? Dana White planned UFC 226 to be bigger that included TJ Dillashaw versus Mighty Mouse Johnson and Amanda Nunes versus Chris Cyborg. He might be running out of storyboards and characters hehehe.
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@darkangel11. Or maybe some Facebook executives have investments in the cryptospace and they are giving favors to those projects they have interests in hehehe.
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I want to see a Tom Lee versus Tone Vays bitcoin bull - bear face off hehehe. But between them, which prediction is more possible for the year? I reckon Tone Vays' prediction.
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@figmentofmyass. Would that then mean that the news do not matter, or does bad news matter more in bear markets, and good news matter more in bull markets?
I reckon if that ruling was released on December 2017 then we might have seen bitcoin pump twice higher than the all time high.
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Another loss for Cowboy. I reckon he will fulfill the rest of his contract in the UFC, then transfer to Bellator and then retire. He had an adequate career, but he is now only making a living from fighting, not doing a championship run.
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Good news but meanwhile everything is tumbling down, thanks to the FUD and the investors who are easily manipulated by them hehe. It is very hard to trust anyone's bullishness in times of a bear market.
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Why is this thread in the speculation forum board?
Is anybody thinking that the BTC price will start rising after the Mt.Gox case is resolved?Most of the Mt.Gox users can be clasified as early adopters,so I think that they will remain active in crypto trading,which is good.
Mt.Gox will remain as a shady part of the bitcoin history and we have to move on with caution.Some big crypto exchange platform might be the new Mt.Gox.
I opened the thread in this subforum because I speculate this might be a cause or one of the causes that might change our sentiments towards the market. But it appears that it will not hehehe. |
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