DeFi is definitely trendy right now, but feels a bit more short term. Longer term investors may want more solid projects that will deliver solid returns, and NEO is definitely solid technology with solid fundamentals, and once they begin actively marketing things will definitely change. We'll see what's still around in 3-5 years time. This is still so early in this entire industry.

As per title - finally news about NEO3 - looks like a solid development. The team have clearly been quietly working hard these last 3 years.

Should have a real big impact on price once they begin marketing (which they've said is also happening).

Really exciting project again. Had thought it was dead, but turns out anything but...

https://www.reddit.com/r/NEO/comments/lgqv0l/neo_30_roadmap_next_stop_is_launch_of_formal/

In fairness it did the same bounce effect for 4-5 months after the ATH of 2017/18 @ $19k but eventually dropped back to $3.4k - 80% drop over 4-5 months. But there was a similar sideways bounce against supports.

I'm guessing this is due to the fact market will not drop 80% overnight, and even within those time periods of a general drop, there will still be buying volume and a shift in buyers/sellers to move the price both Up and Down.

I don't know. I just think after this hype dies down a little bit and the world goes back to normality things will cool off a bit. Even institutions will make their moves and then sit and wait and view performance, than simply plough more money right back in... They surely have a board and shareholders to answer to, with whom they will need to make investment decisions with... no?

I think the point about retail investors who have put money into BTC may look at it in a few months (here especially a lot of people have lost their jobs due to pandemic), so may look to call on these funds.

Well I found this about general market dynamics and the cycle... What's interesting is if we overlay against BTC price 2018, and then again on current situation...


2018 situation - whilst we didn't "capitulate" completely to failure, we did return to the mean line (black line) over the proceeding 4-6 months.
In a generally bullish market like BTC perhaps this makes sense... We didn't completely fail, but the cycle still determined the price over medium term.

In 2021, we can see a similar second uptick - of course only time will tell where it goes from here, but you wouldn't be crazy to perhaps expect to see a similar pattern transpiring.
With the argument about whales and institutional investors - well we're at the mercy of when they take profits and dump on market, but also they're not stupid to not see that a fall in price on a cyclical market dynamic would mean the opportunity to buy again at lower prices and accumulate more profit.

Based on the return to mean line, seeing $10k isn't crazy...

2018 Movements


2021 Movements

Oh fantastic! Thank you for the link, when I googled it I only found mostly articles explaining but no charts.

Appreciate the link

What is the current S2F?

So this is all well and good but where do things go from here?

Great, thank you guys, I've got a lot of response to my thread, which I highly appreciate, and plenty of advice on how to store bitcoins.

I do think this is something that will need improvement for accessibility for 'n00bs' to BTC, as it's a fundamental need for all who adopt for the end goal of a decentralized currency, rather than holding just for the gainz.

Hey thanks for the quick response.

I want to buy BTC, take it off the exchange, and just sit on it.

I want to regularly add more to the wallet so an easy transfer method.

I currently use a desktop PC with an external HD and internal SSDs.

Should I buy a laptop on it's own, and download nothing but electrum on it to store the BTC?

Would using a VPN be sensible when accessing the internet from said device?

A hardware wallet is something like Nano or Trezor?

Thanks again - very new to the wallet side of things, so far just left the small amount of BTC on the exchange, which I know is stupid, but I only have nothing relatively.

Thanks

Hi guys,

I've been trying to learn about how to cold store securely my small bitcoin holding, and where I can move to as I buy more. I expect to be picking up more and more over the coming weeks and months.

1) Is something like a Nano Ledger or a Trezor the right method?

2) What app should be used?

Is there another more definitive, secure method of accumulating BTC for long term holding?

Thanks!

https://www.cryptopolitan.com/bitcoin-faces-uncertainty-tapering-fed-chair/

Thoughts? Not trying to FUD here but what are the implications of this?

Sure,

What I'm suggesting is not that it'll drop in 1 week, but if we look at trend of 2018, we saw a huge jump % wise, before a slower retracement that took 4 months to reach 25% of the then ATH.

What is structurally different about the market now, is that "institutional investors" are now bought into BTC, but as a proportion are they collectively able to game the price to stop it dropping if all other retail investors sell?

Is there not an incentive for the same institutional investors who maybe bought @ $30k then sold at $40k and now want the price to drop in order to buy back in?

In essence, there are no facts nor figures about how influential or not the institutional investors are at this stage, and actually if we compare to threads back in Jan 2018, similar things were being said but about a different number. Then it was "I can't see it dropping below $7k - the support is there, we're on our way to $10k" and beyond (which yes did eventually happen), but there was a retracement before this happened.

How do you reconcile that with the drop to 1/4 of the price in the first four months of 2018? Was there a similar existential threat to BTC then too? Currently we're only within the 1st week of a similar 4 month period.

Personally I think I agree with you but I probably in reality don't know enough. It touched $41k+ for not long, and previously it took 4 months to drop to 25% of its high.

I personally don't agree as to why it couldn't drop below institutional entry price; there is enough BTC outside their holdings to move the price if it is going to be moved? These institutions may not sell in panic, but they may just hold through the dip; which means they will be inactive and therefore un-involved in price movements.

 

If this is aimed at me - well yes I bought some BTC back in 2018 then went back to my day job, family, and was always looking to buy more but missed the bull run. It happens when you're working hard in the job to get promoted, rise higher in the company and make more money. Not everyone sits on BTC as the only method of making money. Sadly it has been to volatile.

I hope that I am able to re-buy around $5k mark, and I would buy in around 3-4 BTC. I believe in the BTC project, but at current prices I worry I cannot afford much. It is selfish I know, and I see other threads where 'nocoiners' perhaps like myself who don't hold a lot (to be honest I wasted all my hoping on a few altcoin revolutions) are hoping to FUD the price down - not my intention - I just want to understand WHY people say it cannot drop below $30k. What do they know that is not apparent, or is this just anti-FUD in order to avoid a price drop?

Also, I am interested in understanding the market. What is fundamentally different this time from an economic stand point. I see everyone say 'structurally it is different' because we now have institutional investors, but is this just 'hope' or actual numbers/facts based? Do those institutional investors collectively hold enough of the market to avoid a dip such as before?

I understand everyone wants higher value; so do I - selfishly I would hope for a correction to buy in, but also all the hodlers will not suffer because they hodl.

Also, whilst I have been 'sleeping' actually I was in the background reading on occasion.

 

Given 'institutional' investors who are more prone to hold through dips and ignore the paper loss; is it actually possible for BTC to drop to sub $5k ever again now?

There was a really good diagram showing how the composition of BTC holdings has changed over the years, and it shows a marked shift away from big portfolios into lots of smaller wallets; i.e retail investors.

I get that a few bigger whales might hold and support certain prices, but surely the collective holding of retail investors would be enough to move the dial substantially?

March 20 was the last time it was at around that level and it hasn't gone to that since.

What was fundamentally different about that period of time to what it is now that would stop us returning to that price point? I'd appreciate any reliable information sources to back up any comments?

Are there plans to list this coin on any exchanges?

How exactly do we purchase tokens, and when? From what I understood from the website you just contribute ETH to an escrow account, but I don't understand how I see how many tokens I've been issued and whether there is a wallet?

Thanks