Are we headed for 250k btc in 12-18 months?
It is possible that Bitcoin price reach $250k, but it will soon after that drop under $100k. Also I would speculate that more possible time frame is 24 months and not 12-18.
|
|
|
I got the perfect title for that chart: The Last Laugh. I wrote down 2102 page of [XMR] Monero Speculation for future quoting. I just wonder how long will take until the quote will happen. Two more charts. The bottom point of this story is that every trend at some point break. I went to go look up these users on TV. And the second one... hrm.. strange/sad. Wha happen? I wonder? I dont know first chart is from obit33, he is long time poster. Second is of new reedit account, a week old https://old.reddit.com/user/felix60 . And in a week he went from super optimistic to super pessimistic to super optimistic again.
|
|
|
There is a lot of competition among web casinos. Only on this forum plenty are getting advertised. Very hard to be on top. I wonder if people will gamble more when crypto bull market will start. On one side they will have more money to spend, but on the other side betting on shitcoin pumps become can be a competition to the web casinos.
|
|
|
Warning using stablecoins is dangerous. The CENTRE Consortium blacklisted a USDC address in response to a law enforcement request, freezing $100,000 worth of the stablecoin. What happens when an address is frozen/blacklisted: it cannot receive USDC anymore and all USDC controlled by that address is blocked and cannot be transferred on-chain
This is why centralized tokens are not money. And this is why opaque ledger cryptocurencies matters. If Eteherum would not be transparent ledger cryptocurency then no one would know where this tokens are located and blacklisting wallets would be totally useless. Money have to be fungible to be perfect money!!!
|
|
|
Another exclusive analysis for y'all. Remarkable similarity between today and the June 2019 bull run. We might have another leg down first, especially due to covid fears but it's unlikely to go below $8500. After that, the rise will be sharp and swift, blink and you'll miss it I also believe bull market will happen as soon as uncertainties around covid-19 clear. There will for sure be huge economic impact of covid-19 next year no matter if we get vaccine very soon. But Bitcoin will still enter bull run. Next year will be for sure good year for Bitcoin.
|
|
|
Biggest winner during COVID?
Biggest winner is for sure everything online. So far media was mainly pushing kids to stay away from screen and now story changed. That will for sure have impact on our future. Kids are our future. It will for sure least a year or even more until this media mentality change back to the "kids go play outside" . Online economy had huge revenue increases and that will keep happening.
|
|
|
I got the perfect title for that chart: The Last Laugh. I wrote down 2102 page of [XMR] Monero Speculation for future quoting. I just wonder how long will take until the quote will happen. Two more charts. The bottom point of this story is that every trend at some point break.
|
|
|
You can end up in jail in any country. As long as you break their laws. Some countries have more prisoners then other. Here is a list of TOP10 countries with most prisoners per 100k population. China is ranked only 131. with more then 5 times less prisoners per 100k population of the leading prison country USA.
|
|
|
Top to bottom it's usually about 80 - 85%.
So: $150K top - $22.5K - $30K $200K top - $30K - $40K
Nor top nor bottom matter that much. After last ATH in Dec 2017, Bitcoin was less then 3 months over $10000 and a bit more then half year under $6000. For almost 2 years was $6-10k. So in 3 years time we will most likely complain about $50-100k Bitcoin price. What the hell is wrong that it dont move up?
|
|
|
I believe idea is to do upgrades when they are ready and that is about twice a year. So nothing really changed. In the past almost all upgrades needed to be hardforks. Last one was not. There is misunderstanding in crypto community that Monero was doing hardforks to change mining algo. That is not true. Monero was doing hardforks to upgrade its protocol with new things, while doing it they also could tweak mining algo a bit. It was just an opportunity and if that opportunity would not exist Monero would have ASIC miners before RandomX. Next upgrade will be hardfork again. At the end the diferences between hardfork upgrade and not hardfork upgrade are that when hardfork you need to upgrade your wallet. So that makes whole network with the latest software and that is good. Since last upgrade was not hardfork we can still use v0.15 wallets.
I suppose I let me hopefulness get ahead of me. I see the "network upgrades" as something that fly in the face of decentralization, and thought since we were not (hopefully) going to stop adjusting for ASICS we might stop forking. I don't know if I want to open the blocksize, and governance cans of worms in the same day though haha. Part of the next upgrade is CLSAG. It will reduce transaction sizes and transaction times for if I remember right about 20%. You can not do that without a hard fork. It is simple. Cant be done. We will have 2 chains one with 20% savings and one without savings. Nodes and miners will decide which to follow. Centralisation in Monero development is called MORE PRIVACY, SMALLER TRANSACTIONS and FASTER TRANSACTIONS.
|
|
|
Tron 4.0 will be both boom and bust. First will be pump and then will be dump. But, few months latter there will be Tron 5.0. Sp more hopium.
is it always like that? like events that just happened to Dogecoin. will everything be the same? It is not the same with coins that have use case. For those coins demand drives price up. For coins that exist simply for fun or to make propel rich there is no other way. Dooge will pump in future again. It will go over 100 satoshi and it will for sure not stay there but go back to 20 sat again.
|
|
|
What was the first-ever ICO you’ve invested?
https://spellsofgenesis.com/ issued token BitCrystals (BCY) . I had great fun monitor its development and the playing game.
|
|
|
I think it's inappropriate to include stable coins like USDT for the half-years performance of altcoins.
When comparing marketcap of top coins a lot is like comparing apples with oranges. You can compare: 1. PoW coins that are not bitcoin blockchain forks and have no premine or instamine or dev tax. 2. bitcoin blockchain forks 3. PoW coins that have premine or instamine or dev tax. 4. tokens 5. stablecoins 6. ... I am sure there are more categories.
|
|
|
The Governments and central banks will never fully adopt cryptocurrenices,because: 1.Cryptocurrencies are making tax evasion easier. 2.Central banks will lose control over the monetary supply. 3.Governments will lose the "inflation tax" extra revenue. There are more reasons on the list,but this topic has been discussed before,so there's no point of starting it again.
Governments are to work for its people. Nothing what you said in favours people. It only in favours politic elites. Communities will need to collect taxes. They will simply collect them different way. tax different things as now if needed.
|
|
|
According to @glassnodealerts *: Bitcoin balance * on Exchanges just reached a 13-month low of 2,619,460.838 BTC 📉 Previous 13-month low of 2,630,423.224 BTC was observed on 30 June 2020. View metric: https://studio.glassnode.com/metrics?a=BTC&m=distribution.BalanceExchangesDoes any of you have any explanation for that? Note that such measures may not be accurate due to the difficulty of knowing precisely the platform reserves, but they may give an indication of the nature of the future market movement. Maybe people are getting smart and pulling coins from exchanges? How can you trust a companies in times like this? We could have huge depression in upcoming year. A lot of companies and also exchanges will sink.
|
|
|
TRON 4.0: Boom or Bust?
Tron 4.0 will be both boom and bust. First will be pump and then will be dump. But, few months latter there will be Tron 5.0. Sp more hopium.
|
|
|
he bi yearly forks were a net negative in my humble opinion. I was glad the consensus was to stop them after the final try at RandomX. And that we felt the need to call the hard forks "network upgrades" was sort of proof that we knew we were doing something that is anti-decentralization for the tradeoff of defeating ASICS. As much as I loved taking out bitmain on that first algorithm tweak, it was a bit of a defeat to keep doing that.
We basically switched to the term scheduled network upgrade, because people associated the term hard-fork with a chain split that would create a new coin (and thus holders would be eligible for some kind of dividend). There used to be tons of questions on Reddit whether users would be getting some kind of dividend / new coin. Wait so are we not doing it biannually anymore? I do like the terminology “network upgrade” too. I believe idea is to do upgrades when they are ready and that is about twice a year. So nothing really changed. In the past almost all upgrades needed to be hardforks. Last one was not. There is misunderstanding in crypto community that Monero was doing hardforks to change mining algo. That is not true. Monero was doing hardforks to upgrade its protocol with new things, while doing it they also could tweak mining algo a bit. It was just an opportunity and if that opportunity would not exist Monero would have ASIC miners before RandomX. Next upgrade will be hardfork again. At the end the diferences between hardfork upgrade and not hardfork upgrade are that when hardfork you need to upgrade your wallet. So that makes whole network with the latest software and that is good. Since last upgrade was not hardfork we can still use v0.15 wallets. And some long term hopium from reddit
|
|
|
Did you know that Tagz5 has an increasement of +1395% for today?
Please be serious. Volume (24h) $1,40 USD What can you get for $1.4 And that moved price for 1000%. A lot of volume is fake. So you cant really look only numbers but you need to try to sell coins in those exchanges showing volume. If you cant, that means it is fake volume. Coin need at least $10k real daily volume to be at least worth looking into it.
|
|
|
It should be jumping with thousands of dollars just like what happened in March 2020 @$4800 then back to almost 9k.
How can you call what happened in mid March a normal event? We had pandemic and half of world got locked down. That lock down lasted for 2 months. Of course Bitcoin price crashed and of course it recovered as it always do. Current price is almost identical as few months after halving in 2016. Late summer times in crypto trading are usually slow. Little volume since traders are taking vacations.
|
|
|
I continue to be concerned with the volume, is it me or is it declining?
Traders are going on vacations. Late summers are always slow. If something dramatic happens they will fast return, if not we might have 2 more slow months.
|
|
|
|