Latest posts of: toknormal

Bitconifer now heading straight for the 10k level.

Logarithmic cycles getting front run. Everyone knows the pattern by now.

Limited coins left for trade. Rapidly going out of circulation since the last 2 major cycles and in the hands of hodlers. Regulatory frameworks coming to pave the way for institutionals.

Funds moving in.

6100 burst-through. Traders worldwide realising that bitcoin is not a paper derivative and there are only a limited number of them.

I'll do the honours.

Quote from: jonoiv on May 07, 2019, 02:15:16 PM

Im contemplating getting out of crypto for a while at least. I've had enough of the hysteria...

Quote from: d_eddie on May 07, 2019, 01:55:21 PM

+1 WOsMerit for the clever and relevant references - Wayne in particular.

Very kind.

BTC/USD trading momentum (MACD) has broken into the green at all chart ranges.

No inhibiting, adverse, obstructive or growth-mitigating harmonics.

Bitconifer signalling a musical preference here:

Lets hope it doesn't follow up with more bearish one:

Quote from: Phil_S on May 07, 2019, 12:43:12 PM

It's not mirroring anything.

If you chop out that sunken phase in the $3k range caused by Bitfinex scare in october, then it probably mirrors "something".

Quote from: Lambie Slayer on May 03, 2019, 09:28:31 AM

Maybe the Tether scam is the best thing that has happened to us hodlers and years and we hit 20k this week as Tether loses half its value or more.

Tether returning to the peg as we (you) speak. Possible Tether in huge demand as (stfuAndTakeMyMoney) USD holders buying up USDT to get in on BTC pump.

Quote from: kingcolex on April 25, 2019, 11:07:22 PM

Quote from: toknormal on April 25, 2019, 11:05:28 PM

What will people do with their worthless Tethers now ? Make a run into BTC ? What else can they do ?

I don't know what you're on about, tether is is around $.995 a tether.

What I'm on about is the fact that they're no longer backed.

What will people do with their worthless Tethers now ? Make a run into BTC ? What else can they do ?

Quote from: BTCMILLIONAIRE on April 25, 2019, 10:51:18 PM

Can anyone confirm/deny/extrapolate? BitShares seem to be rather low volume so would hope for other pairs as well.

Judge for yourself.

I think it's held the peg spectacularly for a pure blockchain, trustless solution with no real world counterparty backing. There was a hiccup in January but it's recovered and otherwise smooth as silk.

(Also checkout BitCNY).

Quote from: fragout on April 25, 2019, 10:33:39 PM

Strange though that if Tether is used for 80% of Bitcoin trading and Tether might not be backed fully that people are dumping Bitcoin and not the other way round??

Not really.

If "unlimited" Tether was the only reason bitcoin had a price then BTC's likely to be revalued to account for Tether not being around.

Quote from: BTCMILLIONAIRE on April 25, 2019, 10:25:06 PM

Are there any properly backed and transparent stablecoins that can be used without worrying?

Bitshares BitAssets is the only one with any track record. It's properly trustless and blockchain native. Designed for purpose.

4-year cycle is cancelled.

Everyone knows about it now so it's getting front run. (as is the halving).

It's a 9-month cycle now.

Scaredy cat pumper-wall coming and going.

What is this a graph of ?

Another wall bulldozed down. That represented the top of the 3-Day chart Ichimoku cloud of doom. We're just popping out the top of it now.

I don't think that was someone buying their own coins. The wall was there yesterday. It started off at around 1720 BTC and the market bounced off it after taking about 400 out of it. Then it took a day of consolidation for it to build up enough appetite to finish it off.

Looked organic to me. (As organic as a crooked carrot).

Quote from: HairyMaclairy on April 07, 2019, 10:32:50 PM

Wall pulled

It was not pulled. I watched every one of those 1700 coins get bought.