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I won't doubt this fucker anymore. /facepalm
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Ive purchased 6 more coins today with the last spare filthy fiat I had at my disposal. I am a nofiater now. TLDR IM ALL IN  via Imgflip Meme GeneratorCheering while cutting onions! |
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We could go down a little, now that everyone is just buying tesla stock  |
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Well done, enjoyable read! Especially enjoyed your chart with the mapping on a possible bubble top for the next run-up after the halving:  |
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And no one would slaughter their golden goose. Millions were already invested into research of 7nm asics and set up large mining facilities next to hydro thermal energy sources. And yet still highly decentralized over the mainland China. The worst thing they could do is a double spend attempt, which would cost them tons of energy and the mining reward that they would get if they would stay on the mainchain. Very bad incentives to try to rig the system and then eliminate your mining investment at the same time. Bitcoin would immediately change its mining algorithm/consensus after the dust settles. |
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Why are we just speculating about the price of bitcoins instead of enjoy what bitcoin really is?
Like I really do not care what price of bitcoin is. I just use it to send money with less fee nothing else its fast and I can get paid fast. simple.
Yeah, sure. It's not 2012 anymore when Bitcoin was worth pennys. Many people here made a substantial or even life-changing amount of money by investing early in this technology. They and pretty much everyone who is in the market is obviously speculation on a bull therefore highly watching the price. The "real" real-life use cases are probably below <1% of the daily blockchain growth, when most of the transactions are between personal wallets and/or exchanges. |
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Advice I find very hard to follow but is repeatedly proven true is to buy into a rising price trend, not guess the bottom pricing and not buying 'value' or indecision on hope. Right now since it broke the 50 day its been very positive hence this advice is probably in play right now upto 10k area or so and then its a maybe. I even placed bets it would achieve that 5 figure area on the outside odds because too many doubted it. Also its my medium term guess, I also expect the return of doubt and a sell off in future but the idea is dont sell out before it occurs.
Lot's of "maybe" and guesses. We're in a halving year with a strong end-of-bear signal last year. That is the perfect storm for some pre-halving wild action with a new yearly high and obviously a higher high than the previous $13.8k. I still see my chart playing out with a pre-halving pump to $16k:  |
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Imagine Vegeta would drink 1 beer for every time we broke $9k today, he would be totally wasted already. This ping pong above and below $9k is really tiresome already and I just want it to end with a severe push up..
*skip*
 And that's what I'm talking about, nice! |
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Imagine Vegeta would drink 1 beer for every time we broke $9k today, he would be totally wasted already. This ping pong above and below $9k is really tiresome already and I just want it to end with a severe push up.. I did expect Bitcoin to have a run within 2020, but I did not expect that Bitcoin will have a run this early! We're only in the first month of January and Bitcoin's price is already beyond 9,000 dollars! For now, Bitcoin's price is still unstable (like always) it might go down or it might also have another run anytime! But I'm hoping that Bitcoin will continue its run and exceed its 2017 price!
What did you expect ? It is a halving year in the end, not expecting some crazy fireworks would be really a wasted opportunity to make some serious money this year. |
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I'm not using it daily but rather weekly. If you look at my signature, one of the payments for advertising is obviously through a crypto currency. So the use case is there. A few years ago it was piss-cheap(like nothing) to use the blockchain due to low demand, so I was transferring mining rewards up to 3 times a day to my wallets. Guess it's time to apologize for my blockchain pollution (including some data storage spam in Bitcoin *cough *cough)? ^^
On the other hand, I only really used crypto currencies once to buy real-life goods for it. When traveling to Berlin, I could pay for beer and french fries with coins that my gaming GPU mined just a few days before the trip. How cool is that !? My gf at that time was proud, but not entirely sold to that concept. But she didn't mind the tasty german beer I guess.
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*skip* Very simple and on the monthly chart, it is clear we have a broader term bullish trend.
 Let's close that monthly candle first.  The bulls still have a lot of work to do to prove this case. It's still all lower highs, we're still below the 200-day MA, and it's too early to say there's an uptrend on the monthly yet. We definitely need to see a few more bullish confirmations in the coming weeks before we can celebrate and declare the bears wrong. Bears have A LOT more to prove than bulls at this point. We made at HL at 6500, broke through a major trendline, are 3 months from halving (before which we always get a "buy the rumor" pump) and are in a 10 year BULL TREND. Bears literally have to do things that have never occurred in the history of BTC to confirm a down trend continuation. Yeah, sorry exstasie but I'm totally on windjc side here. I bought everything I could in the $8.5->$6.7 drop in November in anticipation of the forming bull and the large support around the $6k levels. The thing is, many bears(and normal investors!) were selling way too early on the flashy run up from $3.5/4k to $13.8k below or around the $6k area, just because many many people were thinking that the resistance will be super strong based on the multiple times we bounced of it in the 2018 bear. And how wrong they were (not excluding me, I'm still biting my ass for selling too much below $6k). Even Masterluc was so very wrong ( https://www.tradingview.com/chart/BTCUSD/Ybv5PkjN-Almost-at-resistance/). That is why I didn't expect the market to give them a chance to redo their mistake. Of course we're still in unclear waters yet and the monthly candle needs a few more day. But I think the current price direction favors a bullish outlook.  |
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I really think that this time when we push above $10k, we won't see 5 digits for good anymore. This time will be different...  When $10k reach, It might be a start of a increasing price. I'm actually still buying some BTC knowing once 10k reach it may not go back again especially that halving will happen soon. Halving motivate me to invest more this time than to be in rush in buying when BTC suddenly arise beforehand. That is actually quite a good point. The halving event in itself creates some very strong hands, who would probably sell early without such a defining event on the horizon. The first halving Bitcoin halving was rather unspectacular for the time being and came just after a bear market. Now when reaching the third halving, we have the history and effects of the two previous halvings, thus maybe creating stronger and stronger holders with every iteration. But based on the fact that more knowledge is available, people should frontrun the next bull run and sell early to limit its explosion based on the knowledge of the prolonged bear markets and all these chances to buy lower again. Maybe the market will flaten out a little with less stronger bull and bear runs from now on. |
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*skip*
+1 on everyone you mentioned. all of them are very rigorous, but each has a very distinct style. the speculation board is super lucky to have people like dmwardjr and exstasie giving away their TA for free. i've been in paid groups with much worse analysis.
Thanks for the merit Foma!  I'm curious about your experience regarding these paid groups (or maybe even pnd groups)? Did you manage to take a profit based on their trading analysis ? I really love dmwardjr, although his godmode indicators are so abstract that it's really difficult to follow his videos so I mostly just skip to his charts+descriptions. |
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The only thing that'll make it happen is demand outstripping supply along with the gift/curse of market cap.
I can guarantee you that most of the people who make it happen won't care about hard money, government meddling or cross border freedom. They'll be after more dollars and nothing else.
It's conceivable it could happen in the next couple of years. If it does I really hope it attempts to stick somewhere around that level but we all know it won't. Plan accordingly.
Looks that the next era after the halving will be the "make it or break it" point based on the premise if Bitcoin manages to rise to levels that make it an equivalent alternative for a store of value and an unit of account. All bets are on, at least mine. Don't forget to take some profits along the way. |
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15K is a bit conservative which is likely to be achieved before this year will end. The halving will make it possible I guess. It may really not that high compare to what it did in 2017 where there isn't yet Bakt that investors are successful in suppressing the price down.
But if it does that investors all over the world which has all the money comes into cryptocurrenies, those institutional investors in Bakkt will likely lose a lot of money.
I think $15k is easily achievable already just before the halving as a regular pre pump. Afterwards a slow and longly rise with lots of support to give investors the confidence to hold until +$50k in 2021. We are living in a world of unlimited amount of money and a very limited amount of Bitcoins. You don't need to be a genius to understand the impact of such constellation. |
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We know that viral outbreaks have affected the stock markets before now, it's likely that a continued rise in the coronavirus and as it spreads further around the world, we'll likely see stocks take a hit from it again.
It's not unreasonable therefor to imagine that the price of BTC could be negatively impacted. I think it's because, when crisis's like this hit, people are often left with costly medical bills or unplanned expenses travelling to see friends / family, as they start to withdraw from investments and that has a bit of a negative trickle on the economy, more and more people start selling them.
Maybe it wont, ultimately who knows? I could be wrong and I think a lot of it is going to depend on how bad this situation gets. If it does just fizzle out then we may get through this pretty much unscathed.
So I guess the only probable chance to escape the virus is to go to a lonely corner of an island far away. ^^ In a full scale crisis the price for the medicine won't be that high. Governments would intervene and make it available for everyone, which actually also makes sense. There is not much need to govern if no one is left. |
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1. War
One doesn't simply recover from a massive destruction, whether by financial, stock or cryptocurrency all will suffer. Rebuilding what has been lost can be a painstaking task. Cooperation and trust are needed very much for any restructure but after a massive war it can be a very serious matter.
2. Network Failure
If the main internet grid has been destroyed or any existing channels of internet has been replace by another technology it can disrupt the current market by shutting down P2P. No connection, No P2P.
3. Global Ban
The current cryptocurrency market possess no potential threat on any fiat currencies but certain countries do ban any transaction in junction with crypto. If there would be a global ban regarding crypto markets and penalize those who engage such endeavors then most likely it will render the market into a crash.
I really like your points however I think that things doesn't have to be to complicated: Loss of interest People just stop using crypto currencies and have no desire to adopt Working monetary system Everyone is happy with their paper money and there is no need for decentralized currencies anymore |
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