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1  Alternate cryptocurrencies / Announcements (Altcoins) / [ANN] QRL : the Quantum Resistant Ledger project on: August 05, 2017, 08:18:55 PM
I would like to announce that the Quantum Resistant Ledger (QRL) has our launch window: mid-Q1 2018!

The QRL will be the first decentralized cryptocurrency which is implemented from the outset to be resistant to both classical and quantum computing attack. It uses a different system of cryptography to bitcoin (and all other altcoins) known as XMSS, which is a hash-based digital signature scheme, and therefore provably quantum-resistant.  The ledger will be the first to use quantum-resistant signatures on a blockchain, which provides an ultra secure store of value in the event of a sudden advance in quantum computing (rendering bitcoin, ethereum etc vulnerable to attack). The initial aim of the project is to establish a functional and secure blockchain on which more technology can be built, such as the Ephemeral post-quantum secure data channels.

The project has grown significantly over the course of 2017, led by myself, a core dev team, ancillary devs and a post-quantum cryptographer. We have added to that a marketing manager and small communications team.

We will ship with the following featureset in Q1 2018.
 
1. multi-platform qrlcore node release.
2. 100% PQ-secure address space for the QRL (XMSS)
3. cryptonight POW algorithm, 1 minute block-time interval, ability to mine in existing pools, using existing mining software.
4. ephemeral messaging layer capability (PQ-secure end-end data channel functionality utilising Kyber and Dilithium).
5. completely separated wallet and node functionality with all wallet-based requests passing through the node by our universal grpc api.
6. Use of slave XMSS tree signing capability to allow secure mining (and later in the year staking) keeping private keys offline.
7. GUI-based webwallet and full block explorer functionality
8. PQ-token capability out of the box  creating tokens on the QRL chain is now functional.
9. PQ-secure data stamping functionality out of the box.

We now have our first video "Introducing the Quantum Resistant Ledger" up on Youtube! Check it out - https://www.youtube.com/watch?v=Ck-sHNNYFlQ

Anyone who wishes to get involved can join our Discord server below. The best way to find out QRL related news would be to keep an eye on Twitter, Reddit, Medium, and/or Discord.

The QRL is currently trading as an ERC20 token on bittrex, upbit and liqui.

Genesis Block = 65M coins.
Final distribution in 200 years is 105M (exponential decay in emission).
Blocktime will initially be 60s.

When PoS Comes:
No minimum staking limit. Secure offline staking via deferred stake signatures. .

Feel free to ask any questions.
Many thanks,
Inca




Whitepaper: https://github.com/theQRL/Whitepaper/
We now have translations in Japanese, Russian, Chinese, German, French, Turkish, Spanish, & Vietnamese on our website
Website: http://theqrl.org
Discord: https://discord.gg/BheKAZb
GitHub: https://github.com/theQRL
Medium: https://medium.com/the-quantum-resistant-ledger
Email: info@theqrl.org
Twitter: https://twitter.com/qrledger
FAQ: https://theqrl.org/faq/
CMC: https://coinmarketcap.com/assets/quantum-resistant-ledger/
Bittrex: https://bittrex.com/Market/Index?MarketName=BTC-QRL
UpBit: https://upbit.com/exchange?code=CRIX.UPBIT.BTC-QRL
Subreddit: www.reddit.com/r/QRL /
YouTube: https://www.youtube.com/channel/UCZl6N10P9LNpYkrMwWYtK1w
2  Alternate cryptocurrencies / Announcements (Altcoins) / [ANN] QRL - Announcing the Quantum Resistant Ledger on: December 27, 2016, 10:16:55 AM
I would like to announce that the Quantum Resistant Ledger (QRL) has launched!

The QRL is the first decentralized cryptocurrency which has implemented from the outset to be resistant to both classical and quantum computing attack.

It uses a different system of cryptography to Bitcoin (and all other altcoins) known as XMSS, which is a hash-based digital signature scheme, and provably quantum-resistant.  The ledger will be the first to use quantum-resistant signatures on a blockchain, which provides an ultra secure store of value in the event of a sudden advance in quantum computing (rendering bitcoin, ethereum etc vulnerable to attack). The initial aim of the project is to establish a functional and secure blockchain on which more technology can be built, such as the Ephemeral post-quantum secure data channels.

The project has grown significantly over the course of 2017 and 2018, led by myself, a core dev team, ancillary devs and a post-quantum cryptographer. We have added to that a marketing manager and small communications team.

Our current featureset:

1. Multi-platform qrlcore node release.
2. Multi-platform binary wallets (Mac, Windows, and Linux)
3.User friendly Webwallet (https://wallet.theqrl.org) and Explorer (https://explorer.theqrl.org)
4. 100% PQ-secure address space for the QRL (XMSS)
5. Cryptonight POW algorithm, 1 minute block-time interval, ability to mine in existing pools, using existing mining software.
6. Completely separated wallet and node functionality with all wallet-based requests passing through the node by our universal grpc api.
7. Use of slave XMSS tree signing capability to allow secure mining (and later, staking) keeping private keys offline.
8. PQ-token capability out of the box  creating tokens on the QRL chain is now functional.
9. PQ-secure data stamping functionality out of the box.
10. Two audits covering 100% of our codebase.
11. Full API (https://api.theqrl.org) and Documentation (https://docs.theqrl.org)
12. Offline-wallet-generator: (https://github.com/theQRL/offline-wallet-generator)
13. Hardware wallet support through Ledger Nano S/X

Upcoming hard fork featureset:

1. Multisig addresses
2. Deterministic address support
3. Extended message transaction functionality
4. Decentralised on-chain poll support
5. Backwards incompatible state upgrades and optimisations

Features anticipated for 2019/2020 hard forks include:

1. Smart Contracts (Project Silicon)
2. Ephemeral messaging
3. Consensus mechanism change (PoS, dPoS)

Anyone who wishes to get involved can join our Discord server below. The best way to find out QRL related news would be to keep an eye on Twitter, Reddit, Medium, and/or Discord.

The QRL is currently trading on Bittrex and related international sites.

Genesis Block = 65M coins.
Final distribution in 200 years is 105M (exponential decay in emission).
Blocktime will initially be 60s.

When PoS Comes:
No minimum staking limit. Secure offline staking via deferred stake signatures. .

Feel free to ask any questions.
Many thanks,
Inca

Whitepaper: https://github.com/theQRL/Whitepaper
We now have translations in Japanese, Russian, Chinese, German, French, Turkish, Spanish, & Vietnamese on our website

Website: http://theqrl.org
Discord: https://discord.gg/BheKAZb
GitHub: https://github.com/theQRL
Medium: https://medium.com/the-quantum-resistant-ledger
Twitter: https://twitter.com/qrledger
Subreddit: www.reddit.com/r/QRL /
Facebook: https://www.facebook.com/The-Quantum-Resistant-Ledger-492163101309701/
YouTube: https://www.youtube.com/channel/UCZl6N10P9LNpYkrMwWYtK1w

Email: info@theqrl.org
Support Email: support@theqrl.org

CMC: https://coinmarketcap.com/assets/quantum-resistant-ledger/

Bittrex: https://bittrex.com/Market/Index?MarketName=BTC-QRL
UpBit: https://upbit.com/exchange?code=CRIX.UPBIT.BTC-QRL
3  Economy / Speculation / Leaving the bear market behind.. on: June 29, 2015, 05:47:49 PM


Not long now.. Grin
4  Economy / Speculation / Big picture.. on: June 01, 2015, 05:04:05 PM
It is just a matter of time before the inevitable occurs..

5  Bitcoin / Bitcoin Discussion / BIP38 and metal bitcoin wallet solutions on: April 06, 2015, 08:48:50 PM
I have my coins in cold storage with addresses generated using bitaddress.org offline. I have AES encrypted digital copies of the key pairs and kept them on usb sticks using gpg. The private keys have never been on an internet enabled machine.

I am interested in purchasing a metal cold storage wallet for long term physical storage of my coins securely. I am worried about leaving the data on usb devices over many years in case it degrades.

Something which has caught my eye which is metal bitcoin wallets which are nigh on indestructible. They seem to use BIP38, which encrypts the private key with a passphrase and returns a 6P address and QR code which can be swept easily into modern wallet software once decrypted. This seems an elegant solution and cooler than a usb stick and messing around with gpg on a linux offline laptop.


My question is how can I get a BIP 38 encrypted private key from a private key I have generated using dice or a mycelium entropy?

Obviously as this is for cold storage funds it must be secure..

Thanks

EDIT: i would have thought this was possible with bitaddress.org but although i can enter dice rolls and keys into it, it wants to generate new key pairs before it applies the BIP38 encryption.
6  Economy / Speculation / The next bull market + collapse of short interest bubble on: January 20, 2015, 03:26:50 PM
How far is this from being a possible scenario for 2015?

The bottom is in. After a huge volume capitulation the bears cannot push the price down any lower - the invisible selling hand has stopped selling.

VC funding continues to pour into the space ignoring the bitcoin price entirely (75,000,000 USD in coinbase today including investment from US banking partners). The reason for banks investing is they know that the Bitlicense (due to be released in days) is positive for bitcoin. Once bitlicense is released and major players are positioned the ETF will go live shortly after, resulting in an avalanche of investment capital entering the space.

The entire 'crash' of inexplicable selling (in a sea of positive fundamentals) has been major players manipulating the market to buy up as many coins as possible for the next bull run.

They are now positioned and with short interest near ATH's still and long interest languishing at levels not seen for almost a year, it is time to push the price back upwards. This will squeeze the only gamblers who aren't in on the move - retail shorters - who are all sure we will see sub $100 coins. The squeeze will signal the start of the next bull run and drive the price back upwards towards 500 dollars where it will stabilise temporarily.



Once the ETF is announced the price will begin moving upwards rapidly and draw in institutional investors and joe public alike. Online companies will begin offering a discount to buy goods online with bitcoin, creating a persistent use case for widespread adoption of the coin. The price will break 1000 dollars and keep moving upwards resulting in a mania of the like not seen since 2013.

Hopefully Smiley

EDIT: Previous low 166.45, current price 248.29

EDIT2: Added the historic btc short swap data..

EDIT3: Added bitcoins day destroyed to show that coins arent really moving despite the price weakness. This is new coins on the move!



EDIT4: Can you see a high volume capitulation event? We thought it was October when the price hit 274 but the move in January was huge..



EDIT5: Added in the btc rich list..no selling from whales, this has all been new coins and leverage..

7  Economy / Speculation / This user is currently ignored on: December 17, 2014, 12:54:11 AM
As we have some more slightly illogical price weakness on the exchanges I keep seeing the same old arguments trotted out by Trollchop, fewcoins and the falllling newbie alts who are proliferating on every thread (except the wall observer, i wonder why).

They keep saying 'this user is currently ignored'. Parroting it back and forth to each other and anyone who will listen (not many it seems).

Soon it will be time to make another big buy. Bitcoin is looking mighty cheap right now. If the bears are right and we re-test the 270 low then I will be liquidating some other holdings to buy in. Of course at 270 the bears will want 170 and will likely be caught short. Exocytosis wants double digits but then he predicted 100k earlier this year so..Meanwhile BTC shorts are rising and only 5k off ATH.

Anyway good hunting bitcoin bulls!
8  Economy / Speculation / Coiling for a big move.. on: December 06, 2014, 09:49:20 AM
3D MACD is solidly green. 1W MACD about to go green. The price is slowly climbing.

There has been a marked drop in volatility and bear raids are now doing little as follow-through selling seems to have dropped off.

Unintelligent newbie troll threads are proliferating giving the forum a supposed bearish appearance. They must be getting desperate Smiley

It looks like we will be moving heavily in one direction soon. In such a thin market anything is possible but if the giant wedge I have drawn comes true then we can only move sideways for another three weeks before the price is likely to breakout into the 400's or break down and retest the lows. If it breaks higher then bulls will come out of hibernation and things could move very quickly. Or we continue to accumulate!




9  Economy / Speculation / US exchanges coming online on: October 17, 2014, 10:31:48 AM
Did I dream it or did Ben Lawsky say he expected US exchanges to come online in 2015?

It just occurred to me that this potentially great and bullish news. A regulated exchange in the US would become extremely popular and likely lead price. It would allow big players to safely enter the market. At the moment other exchanges such as bit stamp, finex, btce or the Chinese exchanges are not regulated and therefore we are forced to trust that they are not insider trading, moving the market or fractional reserving etc. After gox a fully regulated US exchange is just what bitcoin needs.

I just watched the coinbase AMA. They speculated on where they see the bitcoin price by next October. Obviously they have a vested interest, but the founders predicted 1500 dollars to 4000 dollars. Pretty much the only way that could happen is by another price bubbling. Their reasoning was that bitcoin adoption is steadily rising and that a 20 billion dollar market cap does not seem unlikely. They also pricked the myth that merchant selling accounts for any significant down pressure. I have long thought that was propaganda spouted by short sellers.

There have been hundreds of millions of dollars of VC funding this year alone. This forum is (understandably) obsessed about the price. And yes it does have to pass up through resistance before if can go on to make higher ATH's. But that process in the past has happened very quickly indeed.

The fundamentals around bitcoin have been improving steadily throughout the year, as the price has dipped lower and lower and lower. I think the bottom is in. The next year should be very exciting. Don't get shaken out of your positions if you made it this far holders! Smiley

10  Economy / Speculation / Largest addresses and bitcoin movements. on: October 04, 2014, 09:03:10 PM
So this is chart is interesting:



If this were really a mass exodus and the death of bitcoin then it would probably look very different. Moving the price with such a thin market is trivial. I wouldn't be surprised if something big is announced in the next few days or weeks. Something where we all go, aaaaaah, like the ETF. Or bitcoin could plummet into the center of the earth Smiley

11  Other / Meta / Is falllling an alt for this Hero member? on: September 09, 2014, 10:33:38 AM
Never. The more businesses "accept" bitcoin (immediately dump it on exchanges via market sells), the more it will crash.

the more businesses "accept" bitcoin (immediately dump it on exchanges via market sells), the more it will crash.

Your post is almost identical to one posted the resident bear troll fallling, yet you have a hero account. When i bother to read the rubbish falllling posts it often has poor english - but not always.

Have you posted from your main btctalk account by accident? Are you in fact controlling falllling and several other troll accounts which are making this forum a pain to read?
12  Economy / Speculation / Balls of steel on: September 08, 2014, 04:49:31 AM
As the price slides inexorably lower remember why you bought bitcoin in the first place.

The market manipulators are trying to shake out weak hands. It is no coincidence the bear trolls come out to play as the price weakens (but curiously disappear as the price rises).

Technically as long as bitcoin doesn't drop below 440 this is noise. Even if it does dip lower or even briefly touches 3xx a high volume reversal there will signal the final bottom is in.

Remember it is in no one's interest, not the holders, not the miners, not even the sell and hope to buy lower crowd for the bitcoin price to collapse.

If bitcoin was a good buy at 600 then its an even better buy at 460.

It takes balls of steel to hang on in a bear market like this.   Bitcointalk is littered with posts from people who sold out in 2011, 2012, 2013 only to miss out on the next surge. In every case hanging on or buying more paid off handsomely. In every case the bears and trolls were wrong.

The market will turn soon..



13  Economy / Speculation / Improving fundamentals on: July 19, 2014, 03:13:17 PM
Ignore the price which is treading water.  Grin

The fundamentals of bitcoin are improving.

1) Statutory regulation

The US could have stamped bitcoin into the shadows but instead is choosing to foster and regulate it. The first reading of NY bit license requirements may seem heavy handed, but it is common practice to propose draconian regulations then pare them back after a consultation period (incorrectly interpreted as listening by the state or regulators!). Either way, regulation is a green light from the state allowing banks and well funded entities into the bitcoin space.  Compared with no regulations it may seem like a backward step to seasoned libertarian bitcoiners - and there is no doubt it will squeeze out new players and startups - but statutory approval goes along way with the great unwashed who are extremely suspicious still of crypto currency thanks to the fear of change and the negative MSM portrayal over fiascos like Gox.

Isle of man murmurings about becoming a financial cryptocurrency haven. Isle of Jersey tax sheltered fund starting up next month. Potential ETF allowing 'mom and pop' to participate in what they don't understand.

Opinion: Bullish!

2) central bank interference and dirty tricks

China, Russia, Thailand have changed their tune with regard to banning bitcoin every other week. The weekly negative 'announcements' by central banks around the world seem to have gone quiet. Softening their stance perhaps? Or simply muted impact on price therefore abandoned.

The ECB is still trumpeting the dangers of bitcoin to all and sundry, now 'advising' banks not to hold or exchange bitcoin directly. Whether this was released by someone with a keen eye on the technicals of the bitcoin price (breakout close) or simply in response to the news a European bank was apparently bidding in the 30k US marshalls auction, I don't know. I do think the central banks know _exactly_ what bitcoin is and the threat it presents to their continued hegemony over financial services.

It seems a bit easy at the moment and I still expect dirty tricks from them in the future. It must be positive that commercial banks are trying to buy up bitcoins off exchange.

Opinion: Slightly bullish to neutral.

3) merchant adoption

Overstock, tiger direct, DISH, newegg and now dell.
Apple letting bitcoin apps onto the app store. Silicon valley love bitcoin. I think they _really_ love bitcoin.
I expect the announcements to keep rolling in as entry for a merchant is very low and gains are obvious. Corporate america is adopting bitcoin and this can only have a very positive effect on the idea of bitcoin in the minds of the consumer. Companies such as newegg are advertising bitcoin and most companies are offering discounts over CC purchases. This will draw in new users. Oh and porn seems to be integrating bitcoin a bit more.

Bitcoin utility is rising far faster than i had anticipated.

Opinion and overall outlook: very bullish (spacesuit advised)!

4) user adoption and opinion

So dell (56 billion dollar turnover) announce bitcoin integration. The comments under the yahoo story are still 'crazy' 'biggest exchange bust' 'ponzi' 'scam' etc. I am generally extremely sceptical of _who_ is making these overwhelmingly negative comments but if they are accurate then there is a long way to go in educating the public on the strengths and characteristics that make bitcoin such a better money than fiat currency.

Google trends says we are still a way off from launching the next bubble.

Number of bitcoin transactions (excluding popular addresses) seems in a gradual uptrend.

Wallet growth - i had thought perhaps this was slowing down (post bubble price pullback) but a look at blockchain shows a strong uptrend (not far off 2 million wallets there alone). Let's not forget that what draws in the new userbase is when bitcoin is back in the press after blasting off to new highs again.

I do wonder if the MSM message needs some work as I view bitcoin's killer app as the properties of the currency itself. This is a difficult area as the average member of the public doesn't understand inflation or even what fiat money is. But the public understood commodity money (pre 1971) once, I think joe public can find the deflationary nature, commodity like properties and mathematically fixed scarcity of bitcoin as attractive as every single person on this forum.

Opinion: needs more work

5) VC funding

These guys can afford to throw several darts and miss with most. But literally hundreds of millions of dollars are entering the bitcoin development space. It is looking like the early internet period or a technological gold rush. They sense this market could be HUGE.

Opinion: bullish!

Conclusion:

So the despair on here that the price has not bubbled is misplaced. Bitcoin infrastructure and fundamentals are improving daily. The price can be manipulated easily and given the developments above it seems silly to think whales are not accumulating as much as they can prior to bitcoin going mainstream. I know I am accumulating bitcoins every month - in fact I am now pleased the PBOC stopped things dead in january.

Price predictions are folly, but if i had to speculate I would predict some more range based trading until an unspecified trigger starts the next bubble after a headfake down. As the price moves past the ATH things will get volatile. The last bubble had extremely wide media coverage with vast numbers of doubting thomas's and observers who 'got' bitcoin but couldn't bring themselves to buy in. They slapped themselves on the back for making a good choice as bitcoin 'crashed' earlier this year. These people will be the next and biggest draft of new money will drive the next bubble. They may buy through an ETF. They may buy through coinbase and circle. NY regulations will allow banks to front run and magnify the move. Speculators will get rich and go broke. Holders will potentially become wealthy. Just don't ask me when!
14  Economy / Speculation / Bitfinex on: July 06, 2014, 09:47:34 AM
Just a simple thread with a few questions for btfinex users.

What do users have to say about the USD swap facility? Other than btfinex going bust or running with the cash what are the risks to capital in extreme market movements? Bitfinex says traders losses don't cause swap lending losses but is this really the case?

Having a look at swap rates they are currently about 0.16% per day which is very tempting. I have read of rates up to 0.44% per day.

A high risk strategy might be to move a % of ones btc holdings there, exchange for dollars and swap on short term swap loans. With the idea of buying back when btc reaches a certain threshold.

Another option is to wait for the next peak (should it come) and sell out an agreed % at an agreed target price (1900, 2500, 2900) and leave it compounding lent out as swap through the next few months.

It's common knowledge that trading is unprofitable for most participants, whilst carrying risk of holding btc on an exchange. This seems similar in terms of institutional risk but a more straightforward way to generate consistent profit.

Comments?
15  Economy / Speculation / Time to rapidly accumulate as many coins as possible on: July 01, 2014, 01:15:32 PM
I think we are now in the final phase where coins can be accumulated relatively cheaply. Who knows how long it will last? I personally think we will move sharply up in the next few weeks or months.

Every day there is new positive news. The auction reinforced the friendly US position towards bitcoin. Several giant retailers have publically integrated bitcoin into their payment systems. Today it was the turn of Newegg.

Over the coming weeks and months I predict user adoption will start to move upwards sharply again. This will cause the price to rise. It will be front run by whales and big players.

A common theme is that bitcoin bubbles reduce in amplitude with each successive leap but I am not so sure. Once a battle for the ATH commences its off to the races.

It is time to speculate to accumulate! Ignore the bears and traders. Look at the big picture. Every single time in the past my only regret with bitcoin is that I didn't buy more when i had the chance.  Grin

(only invest what you can afford to lose!)
16  Economy / Speculation / In the eye of the storm.. on: June 17, 2014, 09:23:57 PM
The price is hovering around 50% of the all time high on bitstamp.

Surely I cannot be the only person who has noticed the surge in company adoption of bitcoin in the last few months. Huge online players are accepting bitcoin this year.

I would be amazed if all significant e-retailers who have not publicly announced they are to accept bitcoin have not privately integrated it into their systems. The benefits are obvious - basically a no brainer, especially for the titanic e-retailers like amazon who have razor thin margins.

A few points strike me about these recent moves by silicon valley occuring in the shadow of the last bubble.

1) these companies are big enough to have political connections and clout (i see a real battle (of the lobbyists) in the US between the banking sector and silicon valley in the coming years as the financial sector is increasingly disrupted)

2) my brother said to me last weekend, why would i buy bitcoin, i cant use it. Wrong. Utility has arrived.

3) i think the usual bearish argument of (multibillion dollar) company adoption = price negative due to immediate conversion back to fiat may well be correct in the very short term. But a much stronger medium term effect is joe public seeing 'bitcoin accepted here'  appearing whenever they buy anything online in the next two years. A pizza, a pc, some towels whatever. The point is that bitcoin is no longer a joke currency but is being legitimised right now. All the people writing bs comments under every article appearing online on MSM sites are going to go awfully quiet as this process rapidly continues worldwide.

4) The price must rise if the currency is to be used globally, especially by titans like amazon. And it must rise a lot.

It is simple to me, limited number of coins versus a growing number of purchasers trying to get in.

The bears on here say where is the money coming from to drive the next bubble. I say: the very same place it has on every previous bubble - joe public. Remember only 100,000 people have more than ten coins out of a population of 7,000,000,000. Don't underestimate the thirst of the great unwashed to try to grow wealth and buy into bubbles (see gold late 1970's, south sea bubble etc..). Every single person on here felt their head spin when they first learnt about the properties of bitcoin - there are many further successively larger waves of people who will follow in our footsteps.

Barring disaster it seems logical that bitcoin ('bit gold' eh Nick Szabo) is likely to become a modern day gold rush across the world in the next 1-3 years. I think the china bubble was simply a taste of what is likely coming down the line.

Timing the next blast off I will leave to luckier people. All I know is that I am positioned for the next move up and I am prepared to wait until it does.

Potential triggers for me are likely to revolve around US investment houses frontrunning the US investing public into bitcoin. The upcoming bitcoin auction by US gov is likely first step, SEC approving an ETF will probably be second (price will front run this no doubt). Wall street already know the strengths and weaknesses of bitcoin and could easily take the price 10x higher whenever they like.

I hope you are ready  Grin

17  Economy / Speculation / Sentiment incredibly bearish on: March 30, 2014, 12:42:14 PM
So having a look through the fora here and on reddit it seems the bears and trolls are out in force uncontested. Sentiment is overwhelmingly negative. Apparently bitcoin is crashing, it has no value and could go to zero! Matthecat and igorr told us so!

Perhaps it could. But sellers who purely bought to trade or profit will soon be exhausted and the price will inevitably bottom.

The shorter time frame charts look ugly Smiley. But pulling out to the 3 day as we see a healthy pullback after an ATH with a potential triple bottom around the 400 area. This represents a good buying area and anything below this is an absurdly good entry for new market participants.

We all know that bitcoin is a nascent currency but as infrastructure continues to grow and user adoption rises those predicting sustained prices below 100 dollars make me chuckle.

The problem with timing a bottom, is that like a top, they seldom become obvious until the future is known. For every seller there is a buyer. The prospect of buying bitcoins in the 3xx and 4xx range two months ago would have people salivating on here. Instead the doomers are screaming sell sell sell and buyers are timid. For every weak hand who sells out now (probably at a loss), there is a more experienced player stepping over the blood in the streets and buying in silently. This is classic markets in action, whales buying low from the sheep selling low Wink

Think critically and without emotion and decide whether the rather shrill calls that bitcoin is dead (again) represent a selling or buying opportunity.

Happy hunting!



18  Bitcoin / Project Development / Bitcoin developer wanted on: March 24, 2014, 10:58:07 PM
Hi,

I have an idea for a bitcoin startup. I am looking for a programmer to discuss the project further with a view to taking on a partner in the prospective company. Prior bitcoin experience ideal.

PM me for details if interested.

Inca

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