So Consensus it's over and so is the fork. I know some people that went to the Consensus conference and they confirmed me that it was a total altcoin scamfest with a ton of ICO's pitching scams, even some walking token cosplays on the boots. The Bitcoin dot com boot was buried on this bunch of altcoin stuff which is funny. Some notable appareances include Adam Back and fluffypony from Monero, but im not sure I could highlight anyone else.

Anyway, the "Consensus pump" was a failure, the price is dumping after the fork as expected. Everyone that got tricked into "the flippening" lost money again. Buy BTC before we start going up and dump the BCash.

We have the 50 day moving average, then the 25 day moving average as the further resistances, if these don't hold then we may go lower, but I wouldn't start getting worried unless we went below $1000.

$1000 is possible, but are you willing to take the massive risk to miss the boat? Bitcoin is not going to leave, the fluctuations against fiat are meaningless and temporal, and these in charge know that fiat is dead, and will therefore use any possibility of a dip to stack up. Timing perfect dips is impossible, you might miss out badly.

I would be buying at every $500 decrease all the way down, but consider Bitocin can start going rocket mode at any random time towards a new all time high.

Anyone with enough money to move markets will be trading OTC and not under NSA-monitored exchanges like Coinbase, (and pretty much any exchange) so that's pretty obvious. The big sums never touch any of the these places so it's not known.

As franky1 said the actual amount of coins moving is extremely small, which further proves:

1) Bitcoin is used mostly as a store of value against inflation and co, so these people barely ever transact (yes, this is as legit of an use as transacting daily)

2) Given 1), these people don't care about "scaling" or at least don't have an urgent sense of doing so (unlike Gavin et al) and will reject anything that could add uncertainty to the market, such as a hardfork.

3) Given 1), any fork (such as BCH) is under a massive bear pressure at all times, given that the majority of people haven't bothered yet to dump it (and by 1)'s definition, their incentive is to do so).

The people that claim "USDT is backed by the USD" are delusional at beast. The USDT is $1 (it really isn't exactly $1... but let's say it's $1) because you believe the PROMISE that the people behind USDT actually own all the USD required to back USDT at a 1:1 at any given point in time.

I think this is a ticking timebomb, which may or not explode and will cause a (yet another) cycle of FUD where noobs panic sell and smart money buy the dip.

Im don't want to give the people behind USDT shit for not having extremely clear procedure about their supposed USD reserves because what they are doing is extremely difficult and you are pretty much forced to operate off-shore for the task, but always be skeptic about they having 1:1 reserves and consider the inherent risk. If fiat is a ticking timebomb, then imagine a token that's supposed to be backed by fiat.

Looks like we may have bottomed in XSN:

https://coinmarketcap.com/currencies/stakenet/

Consider that to see the full graph one should look at the POSW ATH as well, but let's take it as a fully, new alternative graph. Well, I don't see it going lower than 4000 sats, and I predict a new ATH up to 40000 sats.

TPoS and the whole concept of multi staking offline is really great, and it pays you in Bitcoin if you want (so you can be staking, and then get paid in BTC instead of an altcoin you don't even care about). This strengthens the system for speculators that like to use PoS for the task.

I think when ETH goes PoS we'll see a nice pump on this one. From a technical perspective it also looks like a bottom was set and we are going for a nice uptrend.

I don't like altcoins but I do like speculation, and this is one of the few speculations I would consider for decent gains in the future.

People don't seem to understand that these 3 guys empires depend on the US dollar hegemony, if the US dollar loses the current status it has, their portfolios would feel it negatively, and Bitcoin will dethrone the US dollar hegemony. Therefore they can either:

1) Fight this fact via FUD
2) Hold Bitcoin on their portfolios

Im sure they will eventually start going towards 2) (if they are smart) but they want to shake all the idiots out of the market first so they can buy cheaper. At least Bill Gates should understand this, the other 2 guys are simply too old and irrelevant in the new world, they will be dead soon anyway.

We could have all the noobs panic selling ar $6k indeed, but The Powers THat Be are watching closely, we don't know when will they get triggered to enter in with full force. This can bea t any time, they may decide the price is low enough for them to start the transition from gold/fiat to Bitcoin reserves. Remember the fact that the infinite debt is a nightmare that cannot be paid, therefore fiat is dead. Gold supply is manipulated and nobody knows where gold is standing right now.

Bitcoin is therefore the de-facto best way to have reserves of last resort for not only individuals but States. The question is, how low will it go before they start? who knows. I think we still have to get rid of a bunch of idiots that don't deserve to hold Bitcoin, to go to the "moon" in 5 to 10 years (and by moon I mean $1+million of course.

I did not catch any sarcasm in your post to be honest. As far as McAfee being a joke, well he is, he is a pumper of ICO's on twitter, but still, he has developed a model, that follows a certain curve predicting a % of required growth to get there, and so far, it is working:

https://bircoin.top/

We will find out during the rest of the year and specially the next year if the steepness on that asymptotic curve is too much for the prediction to happen or we actually are going to hit these prices.

Can we stop this bullshit? He isn't going to eat anything, let alone on national TV. Why would a national TV broadcast such a gruesome act? that's just retarded.

He will do nothing, will just crack a joke about it and move on or postpone the deadline a couple years down the lane, that's all. Not even McAfee is stupid enough to do that.

And as far as the prediction goes, we are actually on track to get to $1,000,000 by 2020, you can follow the required price here:

https://bircoin.top/

So we are only 8% below, if we can get another ATH this summer and correct above that line we can actually do it, if we take a longer break we may not make it but we'll get to buy cheap BTC anyway.

Bitcoin is not just "a technology". You can't isolate Bitcoin as "a technology" without having in mind what it really means and what it does to the status quo. When Bitcoin starts threatening the US as the global unit of value, anyone holding assets that are correlated to the US being the global unit of value will feel threatened, and all of these 3's empires rely on that being the case.

When your entire portfolio is very dependent on the US being the big gangster of the world, you aren't going to like the technology that allows a new predator in town, and that's Bitcoin. At that point you either diversify your portfolio (by owning Bitcoin) or continue stubborn on it being a fraud, a scam, or whatever else. So what I predict is further FUDding and attacks from the fiat empires, since the fundamentals aren't going to change, which is what makes it valuable.

This is irrelevant to the fact that governments can change laws arbitrarily to screw you up. Russia has been so incredibly bipolar about Bitcoin since the beginning, claiming it's banned, then claiming it's not, then claiming it's banned again, then seeing Vitalik Buterin visiting Putin... ridiculous.

Just be sure to have your crypto assets safe at all times, irrespective of what your governments have to say about it. Who is to say that they will decide it's time to confiscate all of it, just like they did with gold in the us in the 33? you can't expect good things, specially from a shithole like Russia, so always assume worst case scenario is around the corner for your savings.

Governments can only slow down the price growth, but overall the uptrend is intact, as the fundamentals never change no matter how many fiat exchanges they ban, or howm any outlandish bans on Bitcoin possession they could pass.

What makes Bitcoin desirable remains, and that is, the fact that governments can't destroy it. These news only kick out these that do not deserve holding Bitcoin to begin with, since if you are here to panic sell every time government X says Y, you aren't going to make it anyway. Just give your bitcoins to someone that actually has a clue on what Bitcoin is.

If anything, Berkshite Hattaway is a good pointer of how the Bitcoin graph will look long term.

https://vanjey-design.com/wp-content/uploads/2018/02/brk-a-stock-quote-fascinating-brk-a-stock-quote-amusing-the-rule-to-reach-a-milestone-maximize.png

Big correction cicles but overall uptrend. And in january 2018, it hit the $300k mark, so that's a $100k increase in 4 years. Imagine growth the potential for BTC for the next 4.


People not buying as much Bitcoin as possible right now are going to kill themselves in 10 years.

Just think of it as moving something that's really heavy vs something that's light.

Bitcoins marketcap is tiny, and given its fundamentals, the growth potential is massive. The features of Bitcoin are only going to be increasingly more desirable, specially with a looming financial crisis worse than 2008's in the horizon.

On the other hand Berkshire is a mammoth difficult to move, small gains in the future, and at risk of losing value due systemic risk of the aforementioned crisis.

It's a nobrainer, put your money on Bitcoin, not on Buffet.

https://www.cryptoground.com/mtgox-cold-wallet-monitor/

This website monitors any further moves on the known MtGox addresses, if you may pay attention to that is another history. At some point the shock factor of coins moving will not cut it anymore, meaning that a move in MtGox addresses will not necessarily mean an instant dip.

Just like how PBoC used to use the "ban incoming" news repeatedly, at some point it stopped making any impact on the market.

Anyway, it's all government's fault, once again, they should just send the BTC back to their owners, but this is yet another attack on Bitcoin, which does nothing long term.

I already made a thread about this which links to the infamous video:

https://bitcointalk.org/index.php?topic=3740608.msg36984570#msg36984570

https://www.youtube.com/watch?v=NBVDqAHQ4-M

Video there. This will be historic footage which we can revisit in 10 years and have a laugh at these losers. There's always a generational gap in which former kings of empires simply miss the boat badly, and Bitcoin is it this time. Buffet already missed several tech boats, but Bitcoin is going to be missing the boat on steroids for them.

Governments often make investment models and analysis around assets, but in this case, something as controversial as cryptocurrencies in China, where they've banned a ton of exchanges, it's kinda shocking. Why would they "rate blockchains", if they are banning exchanges to rate the currencies whose run under said blockchains?

I guess their barometer to rate a blockchain is one that qualifies them higher the more centralized, controllable and therefore traceable and easier to confiscate for governments, in other words, do what the opposite a government says about a crypto.

There isn't going to be a better Bitcoin product, at least not on our lifetimes. Anything worth changing in Bitcoin will be deployed via side-chains, may further soft-forks don't cut it.

In order to offer a product so good that people take the risk of moving their Bitcoin capital into this new supposedly better-than-Bitcoin crypto it would be an insanely, unfathomable new technology. Given past precedents, such thing will not be invented within 100 years.

This is why I don't panic with a "flippening". Bitcoin is the only safe bet long term.

Once again, all of this mess is due to stupid ass governments in charge of the MtGox case not giving the bitcoins back to the victims in a single transaction, not disrupting the price. But of course, they want to use this opportunity to keep attacking Bitcoin price wise. Too bad this strategy is as limited as the amount of coins held by said addresses.

In any case, as long as the market is stupid enough to dump whenever there are moves on these addresses, we will keep having sell-offs. The ironic part is that governments are buying the dips they create. They know they can't never pay the fiat massive debs back and therefore fiat is dead, and they know they can't kill Bitcoin, but they know they can dump the price temporarily, to buy cheap and become big players. Everytime you dump on FUD you are giving your coins to the government's funds. All governments are stacking on Bitcoin secretly, before they decide to show full support.

So it's your choice, be government's cuck or be a hodler that buys dips, positioning yourself in the future of world finance.

Remember, fundamentals in Bitcoin don't change. All fiat is dead with their unplayable monster debts from hell, that also doesn't change. Do the math.

The ideal crypto-portfolio is one that follow's Pareto's law applied to allocation of capital, namely, one that is at least 80% of exposure to Bitcoin.

So:

-80% BTC
-20% a couple of good altcoins

Of course, "good altcoins" is a very limited amount, as you should. Mindless diversification will get you nowhere, specially when most investors are playing with their mom's weekly wage.

If you want to be serious about this, you need a decent capital to start with, and put it into Bitcoin.

If you want to be more extreme, research altcoins and assume the added risk.

Personally, a good altcoin speculation in my book is Stakenet. Once ETH goes PoS, I predict a pump. Their TPoS technology could pump the price and get it into new all time highs, it's pretty bottomed at around 3k-4k sats.

But always remember that BTC is the only long term sane hold.