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1  Economy / Speculation / Re: Q4 -Quarter 4 speculation thread, where will 2019 end, join the LIST on: October 13, 2019, 06:32:49 PM
Thanks for posting the game! Sadly I found this thread too late - let me contribute a bit to it. I probably would not have qualified on merit anyway.

These are the calculated numbers from the 182 posted numbers/members:

Average: $13,452
Median: $11,500
Mode: $10,000 (calculated on values rounded to nearest significant digit ~ rounding to nearest $100/$1,000/$10,000 gave the same result)

I doubt the price will be below $7,200 or above $14,400. My personal guess: $11,888
(I understand I am not eligible to win anymore - guessing just for the sports.)

Statistics 101:
Average = Also known as mean - you add up all the numbers and then divide by the number of numbers.
Median is the "middle" value in the list of numbers. To find the median, your numbers have to be listed in numerical order from smallest to largest, so you may have to rewrite your list before you can find the median.
Mode is the value that occurs most often. If no number in the list is repeated, then there is no mode for the list. (hence rounded to $100 and $1,000)
Source: https://www.purplemath.com/modules/meanmode.htm
2  Economy / Speculation / 20% price drop 7 months before the May 2020 halving? on: September 30, 2019, 01:10:06 AM
Hello Everyone,

I suppose everyone is well aware that the next Bitcoin halving will be around May 2020 which makes it 7 months before the halving.

Previous two halvings happened on 2012-11-28 and 2016-07-09.

Looking 7 months before the halving in 2012 and 2016 I don't see a parallel for the current situation. I'm not sure how much of a market we can talk about in April 2012 but the December of 2015 probably was a valid and well quite developed market, yet I don't see any huge drops around December 2015 (between 2015-11-02 and 2015-11-09 it went from $501 to $297 but back then this was still considered "normal" I suppose).

So how is it different now? What actually triggered the sell-off and why it happened?

  • Is it just random walk and it will recover in 2 weeks?
  • Is it the futures market swinging it?
  • Is it the deteriorating economic conditions?
  • Something else?

To me this looks like the sell-off during November 2018 when we went from $6300 to $3100 in matter of 4 weeks which made absolutely no sense to me either.

Any thoughts especially with references are greatly appreciated.

Reference: https://en.bitcoin.it/wiki/Controlled_supply
3  Economy / Speculation / Re: Is Bitcoin going to be the best hedge in the upcoming financial crisis? on: December 20, 2018, 07:00:21 PM
I completely agree with your points. However, it really depends on the type of crisis that hits, whether hyperinflation, recession, etc.

I think that gold will still be seen as a hedge, if a financial crisis does come. People naturally revert to gold whenever there is financial instability, which could explains why gold prices rose so much post-GFC.

But gold is just too indivisible, too inconvenient, and has a high entry bar for regular investors who want to store their wealth in a safe haven. That's why I also believe that bitcoin will be seen as a feasible alternative due to its convenience, as it is also completely independent from the traditional fiat system in times of crisis.

There might not be huge spikes in price, but its value should hold relatively well in the long run due to its limited supply and detachment from the fiat ecosystem.

Yes I also personally see the days of gold as the best hedge numbered for the same reasons as you do. I would be glad if somebody stepped in and convinced us otherwise - assuming it can be done.
4  Economy / Speculation / Re: Next Bubble on: December 19, 2018, 04:47:52 PM
2020 by statistic and the btc split  Cool


Some time between the next halvening (May 2020) & the year 2020 because it’s what bitcoin does hostorically.




where is the image from? I mean the original source?
5  Economy / Speculation / Re: Is Bitcoin the ultimate hedge against the upcoming financial crisis? on: December 19, 2018, 04:04:54 PM
I agree with the first part of what Tytanowy Janusz said, during crises people are known to stay away from higher risk assets and bitcoin being volatile doesn't help that either so it surely is not the "ultimate hedge" against the financial crisis.

but bitcoin being what it is, has always been acting separate from any other market. for example when other markets are falling bitcoin has been rising in the past or vice versa. it always moves on its own and on top of  that being a global asset it doesn't take effects from local incidents that much.
so in my opinion in case of a financial crisis bitcoin would either not be affected at all or rise at least a little.

I hope to see that but in my opinion we should not look at the past of bitcoin. In 2014 we had mostly nerds without speculation knowledge just enjoing having bitcoin. Now we have lots of high class speculants. Price will act different because different types of investors are  holding bitcoin. We are on unknown waters.

I agree that's very good point. So what is your thought - will those new rich individuals buy more or dump crypto?
6  Economy / Speculation / Re: Is Bitcoin going to be the best hedge in the upcoming financial crisis? on: December 19, 2018, 03:49:30 PM
My personal hedge is strictly Bitcoin. I accept it completely if it ends up doing the opposite of what I expect it to do during difficult economic times. Maybe that real estate can be added to that later on, but who knows.

Real estate is tied so closely with economic health though. With housing prices endlessly rising over the same period that wages are stagnating and growth is topping out, we have to expect a crash to heavily affect real estate, just like 2008. In fact, I think stocks and real estate will suffer the most.

When everyone is losing money (through investments, loss of business, layoffs) the last place people invest money is illiquid assets like houses and multi-unit complexes in an overinflated market that's finally tipping over.

With this one I agree - illiquid assets will be probably the biggest loosers. Some stocks with insane valuations will maybe finally land on Earth (FAANG).

But I suppose person who lost their job will not be investing in anything, they will be buying food and that's about it. It's a good point though I solely assumed a rich person.
7  Economy / Speculation / Re: Is Bitcoin going to be the best hedge in the upcoming financial crisis? on: December 18, 2018, 01:18:17 AM
I can't speak for US treasuries as I don't understand them that much let alone understand why would anyone invest in anything that does not even cover (real) inflation which in my opinion is about 7 - 10 % per year depending on where you live and things you buy.
Yeah, inflation does depend on those things.  In the US where I live, and for the things I buy, inflation is nowhere near 7-10%.  Inflation hits some goods & services more so than others, and the data the US government gives is based on a "basket of goods" if I'm not mistaken, and it certainly doesn't measure everything that's bought or sold.

Anyway, if your investment doesn't at least keep up with inflation then you're obviously losing money.  One of the facts that precious metals hucksters keep repeating over and over is that a silver quarter can still buy a gallon of gas and therefore silver is the best hedge against inflation.  Do I believe that?  Absolutely not, though I don't think it's a horrible idea to buy some metals right now.  They've taken a serious beating since 2011 and may go up again if any sort of crisis hits.

Bitcoin, though?  Come on, I couldn't think of a worse inflation hedge, even at the price it's selling for right now.  Why?  Because any safe-haven, inflation-hedging asset should not be as volatile and prone to bubbles and crashes like bitcoin is.  It may be an excellent way for a trader to make money from, assuming that the price appreciates in the long- or short-term, but there's no way I'd feel safe using it as a hedge.  It's around $3400 as I write this, and it could drop to $1000 by tomorrow morning for all I know.  There's too much uncertainty and too much volatility, and traditional inflation hedges lack those two features. 

Even though I don't buy into the propaganda the gold & silver permabulls keep promulgating, I agree with their point that neither metal is going to drop to zero, since both have actual real-world uses.  Bitcoin probably won't drop to zero, but there's more of a chance of it doing so than metals--or even stocks with solid companies behind them for that matter. 

I'm hoping that this discussion turns out to be pointless and that we're not staring down a global economic crisis, but I do feel the bad vibes that are going around and I do get the feeling that something bad is going to happen.  I can already see some of it in the stock market, though I've been expecting a major correction for quite some time now.  For bitcoin, I'm hoping 2019 turns out to be a better year than this one.

Well not sure if you meant that it's actually higher or lower but if you look at thing like Chapwood Index, Big Mac index or M1 Money supply with data provided by FED (https://fred.stlouisfed.org/series/M1) you will quickly realize it's at least 7%.

I agree with the argument that the metals will probably never go to zero but at the same time I strongly believe that it's days as future go-to store of value are numbered because of its limited portability.
8  Economy / Speculation / Re: Is Bitcoin going to be the best hedge in the upcoming financial crisis? on: December 18, 2018, 01:06:45 AM
Just to clarify - I'm not looking for an instrument that will 100 % shield me from any loss period I'm looking at something that will not stay ridiculously low for say more than 3 months when there is blood in the streets.
You are asking for input that no one here can provide. It's all up to you to take that risk, because even if we all largely agree that x asset will be doing fine during difficult times, it may still dump just as hard as the rest of the assets.

It wouldn't surprise me if we end up going through a time where assets dumps simultaneously and there is no safe haven at all. There is not much you can do to weapon yourself against that.

My personal hedge is strictly Bitcoin. I accept it completely if it ends up doing the opposite of what I expect it to do during difficult economic times. Maybe that real estate can be added to that later on, but who knows.

To be honest I'm also hedging with Bitcoin (BTC) but I was hoping somebody will come with some solid argument that the US treasuries, Gold or something I have never heard of will be the winner and support it by some solid reasoning.

That didn't happen [yet] but thank you for sharing your thought.
9  Economy / Speculation / Re: Is Bitcoin going to be the best hedge in the upcoming financial crisis? on: December 17, 2018, 07:39:16 PM
When a huge global financial crisis happens it just happens to everyone, there is absolutely no way of running from it.

Stocks will fall, crypto will fall, gold will fall, house value will fall. There will be nothing that will profit you at the time of an economical crisis, you will lose money no matter what you are invested into. There is no running away from this at all. Hence there is absolutely no way of profiting neither.


That's not true - if you look at the graphs Gold was 1 month in red but then it run like crazy.

Just to clarify - I'm not looking for an instrument that will 100 % shield me from any loss period I'm looking at something that will not stay ridiculously low for say more than 3 months when there is blood in the streets.
10  Economy / Speculation / Re: Is Bitcoin the ultimate hedge against the upcoming financial crisis? on: December 17, 2018, 07:25:44 AM
but bitcoin being what it is, has always been acting separate from any other market. for example when other markets are falling bitcoin has been rising in the past or vice versa. it always moves on its own and on top of  that being a global asset it doesn't take effects from local incidents that much.
so in my opinion in case of a financial crisis bitcoin would either not be affected at all or rise at least a little.

Bitcoin has existed only during a time when the overall markets were very bullish. Real estate, stocks, gold, and others have been in raging bull market ever since the recovery from the 2008 crash.

That's why I think it's dangerous to assume Bitcoin won't be affected by global market trends or financial crises. It's never experienced a major global downturn before.

That's very fair point - we never had global financial crisis and Bitcoin, hence it's in the speculation section.
11  Economy / Speculation / Re: Is Bitcoin the ultimate hedge against the upcoming financial crisis? on: December 16, 2018, 10:29:01 AM
Hi Everyone,

There has been something on my mind for last couple of weeks and that is:

Is Bitcoin the ultimate hedge against the upcoming financial crisis?

Let's assume for a while that the financial crisis will break wide open in either late 2019 or at latest early 2020 - we live in everything bubble era.

What do you believe will be the ultimate hedge and why do you think that?

there is no ultimate hedge. in a serious market contraction, everything will crash. on top of that, debt monetization has pumped all markets---even gold and bitcoin have benefited from it.

a global crash definitely means a risk-off investment cycle. this early in its life, bitcoin is still considered a high-risk/high-reward investment, so money would likely flow out of the bitcoin markets and into safer havens.

You're right, actually in September 2008 even the gold was down for a month and a bit and then it went on one hell of a rally. With that in mind I just changed the subject of the topic from "Is Bitcoin the ultimate hedge against the upcoming financial crisis" to "Is Bitcoin going to be the best hedge in the upcoming financial crisis?"

My point is - after the dust settles in something like late 2020 or early 2021, are we going to see Bitcoin thrive (price wise, adoption wise) or is it going to two digits and on verge of being almost forgotten?

The next Bitcoin halving will be on circa 26 May 2020 - probably right in the middle of the financial crisis - this should affect things. If I remember correctly last buildup started in fall of 2015 when we went to bottom of about $180 and then 9 months later it was already on the run and if it wasn't for the Bitfinex hack probably by end of summer 2016 we would have had $1000; instead we had to wait for it till January of 2017.

If history tends to repeat itself the next buildup will start in fall of 2019 if not earlier however the crisis might intervene with this...
12  Economy / Speculation / Re: Is Bitcoin the ultimate hedge against the upcoming financial crisis? on: December 16, 2018, 03:27:24 AM
i don't think there is any ultimate hedge in case of  a global financial crisis. and bitcoin is not yet ready for that kind of adoption although it has a lot of potential to be one. so i'd say bitcoin would be a pretty good choice but it can't solve all the problems.

Bitcoin (core) as it's the oldest, largest crypto

"bitcoin core" is the name of a full node/wallet not the coin itself. the coin is simply called "bitcoin".

bitcoin core - ok fair point I put in the brackets the ticker instead (BTC), my point is that it's not confused with any of the forks.

Regarding the crisis - I don't mean crisis where the electricity stops working and those who have canned food, guns & ammo are the ultimate winners. I meant something at the 1930s or 2008 level.

Therefore I don't expect that all the banks and all the cash will be distrusted and the only way to go forward would be crypto money - this might happen at some point but probably will take one or two more crises.
13  Economy / Speculation / Re: Is Bitcoin the ultimate hedge against the upcoming financial crisis? on: December 16, 2018, 03:14:14 AM
This video can give you an idea.

Escaping the Global Banking Cartel - Andreas Antonopoulos

https://www.youtube.com/watch?v=LgI0liAee4s&t=1s

I have already watched this and if Andreas is rights the answer would be "yes" but I asked for your opinion - fellow users of Bitcointalk.
14  Economy / Speculation / Is Bitcoin going to be the best hedge in the upcoming financial crisis? on: December 15, 2018, 09:06:10 AM
Hi Everyone,

There has been something on my mind for last couple of weeks and that is:

Is Bitcoin going to be the best hedge in the upcoming financial crisis?

Let's assume for a while that the financial crisis will break wide open in either late 2019 or at latest early 2020 - we live in everything bubble era.

What do you believe will be the ultimate hedge and why do you think that?

In 2008 crisis it was US treasuries and gold as it rose sharply in 2009, 2010 up to 2011 I don't think that would be the case this time as the mobility matters more and more.
I can't speak for US treasuries as I don't understand them that much let alone understand why would anyone invest in anything that does not even cover (real) inflation which in my opinion is about 7 - 10 % per year depending on where you live and things you buy.

In my opinion it will be Bitcoin (BTC) as it's the oldest, largest crypto with the largest hashing power behind it.

I would appreciate your comments and opinions.

Edit 17/12/2018: As some people thought I'm looking for an instrument that will not take ANY loss - that's not the case here - I'm looking at an instrument that will not stay down for say longer than 3 months.

Edit 19/12/2018: This assumption/planning/thought is for rich people - people who can barely afford food and just got laid off will not invest in anything (maybe lottery tickets if they want to call it investing).
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