Toxic2040
I like this update of ichimoku charts

Get the fuck out of here with your alt coin love in!

My prediction for end of 2020 was $13,000 to $14,000. I’m going to have to stick to my initial prediction although clearly I’d like the price to be higher. I don’t think it’ll be lower than $13,000, I am quite sure of that.  

Damn, V8s, important message posted while I was writing long thing.

The deeper problem is ASICs.  Special-purpose hardware can be controlled on the supply side.  What happens if mining hardware requires a licence to purchase?  What, you think they won’t go that far to prevent terrorist laundering and money financing?

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I am in Bitcoin because it is more or less our last hope.

I intended to write of this recently...  I actually don’t believe in much of the maximalist economic stuff.  Yes, Bitcoin has long-term fundamentals and will increase in value.  No, I don’t buy that it will become a “world reserve currency”; that’s a terribly naïve proposition, whereas it will never be allowed by bankers who can’t control it—bankers who control tens of trillions of dollars in assets, own governments and thus militaries, tanks, ICBMs, and nuclear weapons, start wars at the drop of a hat, topple governments like toys and kill millions of people...  Do you really suppose that their lunch can be eaten by some software on the Internet, which, by the way, they also own and could shut down at any time?

If Bitcoin fails, there is really nothing else to shield us from being crushed into total, inescapable enslavement through the lethal combination of scam fractional-reserve “money”, total financial surveillance, and KYC-everything permission systems.

Bitcoin gives us some freedom of action to strive to obtain more freedom—if we choose to do so.

All other freedoms depend on financial freedom.  For only one example, just try to exercise the freedom of speech if financial censorship and financial surveillance can be used to ensure that you cannot buy even a crust of bread without permission, and you can be physically located at any time.  For only one example.

There is a reason if Stamp is the WO reference exchange: they are leading the pack:

Bitstamp Integrates Nasdaq’s Matching Engine for Faster Order Executions




On a casual Virtual meetup with Paolo Ardoino, your fellow Fillippone asked the Bitfinex CTO how the "traditional exchanges" could help heat-up  the crypto exchange competition. Ardoino mentioned their expertise on matching engine expertise citing the NASDAQ engine being one order of magnitude faster than their current one (yes, 10x faster is no joke).


EDIT: link https://youtu.be/VxSKy7x7Wiw?t=5190

Anybody got the feeling we’re coiling, ready to explode upwards in the short to medium term future?
Bears tried to take us (and keep us) below $10,000 numerous times now & they’ve failed every time. The halving SHOULD start to show in the price soon. Think about it, miners now only have half the amount of coins to dump on the market. They should be out of the coins they had previously now so the reduced supply SHOULD show in the price soon.

The US election is imminent, it seemed to be a catalyst for bullish movement last time. What do you think guys?
It feels like the calm before a storm, I think we’re going to get a Q4 bullish rally.

We are going to brush past  14000 in under a month.


This is my gpu daily earning rate. As long as it is over 40 it means btc is underpriced compared to eth.

Every time I post here for the next 30 days I will drag that info from my nicehash account to this thread.

As long as it is higher then 40 (more complex then that but good enough for now)  it means there is extra demand for BTC from nicehash mining.

Contaminating your vital fluids, are they?

Charts will always be an incomplete predictive method for btc. As is my diff prediction and eth to btc mining ratios are incomplete.

combining both is helpful but are still incomplete predictive methods even when used together.

+20 WO Merits (always enjoy your posts Toxic)

It is not so much that charts are not good. They are incomplete.

It is not so much that my difficulty analysis along with gpu shit coin profit to asic btc profit is good or bad . It is in complete.

Using both are incomplete.  A major reason is any and all cryptocoins are still small market cap.

btc is 10400  x 18.5 mill in the grand scheme of wealth it is very small piece of wealth.

So price manipulation is easy to do.

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I also suspect that like banks 🏦 most exchanges do not have all the wealth on hand.

Ie an exchange run 🏃‍♀️ on btc is just as easy to occur as a bank run on fiat.

This is a completely different issue but it is a real and true price drag on btc.

Still I am bullish for now and will be bullish both long and short term.

Seriously?  That is just way too pretty to fit my mental image of proudhon.

SHOCKING: Leaked video of Toxic preparing his charts for posting:

I don't use chart analysis like most do here.