I predicted that ETH would be pumped to a market cap of $1 billion at the time the market cap was "just" $500 million. It was quite easy to spot as I have been watching every movement of ETH since the very beginning. It's being pumped with the same amount of coins each time. The guys behind this massive pump play it very well.
Interesting observation. I have wondered if this etherium pump is part of the lead up to bitcoin halving? It seems to have been effective as a way to shake quite a few people out of a portion of their bitcoins. In general I think bitcoin will rise due to halving which is why i added more to my stack in the $200's and not selling for a good while yet. The next bubble will be only a small part due to market forces of the halving though. There will be a lot of pumping. Speculation. New investors rushing in from stocks and precious metals. Hope the block size is up to it.
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Yes I like gold and bitcoin, (and Dash) But don't forget silver. The gold silver ratio is spiking very high at the moment. It looks extremely likely silver will outperform gold.
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5000USD may never happen, you'll realize later that if the price steps on $500 or probably 700$, a lot of users are going to dump their coins hoping they could buy more when the price is dragged down.
And we can speculate also about returning of BTC to 100$ also because we really don't know what is going to happen. What is regulations becomes very unpleasant for bitcoin? Or even better new coins can take over.. Sure, but there should be some limit for how wild the speculation may be in order not to be considered sci-fi section. To me $5k is a sci-fi section at the moment. To every normal thinking human being. 5k is Sci-fi. How can anyone expect the price to go times 10 for... no reason at all. That doesn't make sense to me nor should it. Let's hope the price becomes stable. There are a few reasons I can think of that might help bitcoin on another moonshot. 1. Supply will half in next couple of months 2. Investors from falling stock markets looking for new investments. 3. Negative interest rates and capital controls imposed by banks on the fiat system. 4. Some kind of debt default or bankruptcy causing another global crisis
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We're nearly at the point of the big arrow on my opening post. Is bitcoin nearly ready to pop?
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Ah well, I've learned a harsh lesson. I sold a load of Dash hoping to buy in cheaper the other day. Which would have worked. I judged the time to sell spot on, But then why oh why? I stupidly bought a heap of etherium, GREED clouding my thinking, dreaming of buying back even more Dash! Then of course eth took huge price plunge. So here I am down on my Dash. Silly silly! Funny how greed can spoil your plan. My last few trades went so well. So back in Dash again nursing my loss.
Dash to the moon!
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I guess everyone is looking at this wedge. Which way will it break? (up)
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Well the poll has spoken.
In 2016 price will go up. But not surpass all time high.
Lets see
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Again, this is a problem which comes from asking the wrong question. Here is someone who has never seen a cat. He is looking through a narrow slit in a fence, and, on the other side, a cat walks by. He sees first the head, then the less distinctly shaped furry trunk, and then the tail. Extraordinary! The cat turns round and walks back, and again he sees the head, and a little later the tail. This sequence begins to look like something regular and reliable. Yet again, the cat turns round, and he witnesses the same regular sequence: first the head, and later the tail. Thereupon he reasons that the event head is the invariable and necessary cause of the event tail, which is the head's effect. This absurd and confusing gobbledygook comes from his failure to see that head and tail go together; they are all one cat.
The cat wasn't born as a head which, sometime later, caused a tail; it was born all of a piece, a head-tailed cat. Our observer's trouble was that he was watching it through a narrow slit, and couldn't see the whole cat at once.
The narrow slit in the fence is much like the way in which we look at life by conscious attention, for when we attend to something we ignore everything else. Attention is narrowed perception. It is a way of looking at life bit by bit, using memory to string the bits together-as when examining a dark room with a flashlight having a very narrow beam. Perception thus narrowed has the advantage of being sharp and bright, but it has to focus on one area of the world after another, and one feature after another. And where there are no features, only space or uniform surfaces, it somehow gets bored and searches about for more features. Attention is therefore something like a scanning mechanism in radar or television, and Norbert Wiener and his colleagues found some evidence that there is a similar process in the brain.
But a scanning process that observes the world bit by bit soon persuades its user that the world is a great collection of bits, and these he calls separate things or events. We often say that you can only think of one thing at a time. The truth is that in looking at the world bit by bit we convince ourselves that it consists of separate things, and so give ourselves the problem of how these things are connected and how they cause and effect each other. The problem would never have arisen if we had been aware that it was just our way of looking at the world which had chopped it up into separate bits, things, events, causes, and effects. We do not see that the world is all of a piece like the head-tailed cat.
Quite philosophical my friend. I thought you were going to start talking about quantum physics and cats being neither alive nor dead for a moment. Or that experiment where you fire electrons through slits and the pattern of where they hit on the other side shows wave interference!
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My vote went to Ripple for a crypto which tried desperately to look like it was Open Source and decentralised when in fact has a single global ledger and coins which were totally premined. The company was called OpenCoin back then. Also they tried to make it look like you could pass around any crypto without admiting what you really pass around is IOUs (or debt).
Dash was scammy right at the beginning but with all the redistribution since and all the innovation continuing to happen I don't see that as a problem. Dash is the only crypto I hold in my own wallets other than bitcoin right now.
Eth seems like a huge pump and dump but i'm not sure where scam accusation comes from
Monero is scammy like Dash but because of crippled miner released at the beginning.
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toknormal, it looks like obv is crossing upwards on 1w dash chart
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Hear me out. Could it be that full blocks are actually bullish, does this not show how much bitcoin is being used ? That bitcoin is still 'the' coin. Most altcoin blocks are less than 1% full I think Or have I got this bat shit crazy idea wrong?
Meanwhile halving still getting ever closer
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I'd buy if I hadn't already accumulated at lower levels. Despite problems I still think another speculative bubble is looming. Then Hodl
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14 owner control about 1868 masternodes.
But there are 3550 masternodes, not 1868. If this is accurate, this is pretty surprising to me. I would have guessed the top 50% of masternodes were in the hands of just 4 or 5 big whales. 14 is pretty impressive. 14 is better than 4 or 5 but still its a bit worrisome isn't it ? The majority of voting power in hands of such a tiny elite group who effectively can permit budgets that benefit them and block ones that don't. How hard is it for them to know each other and form a cartel. Isn't this recipe for rich getting richer at expense of everyone? In the end this could kill Dash That's the point, they own Dash and to vote in order to benifit them means it will benifit Dash. We've seen this with giving up 10% of the rewards in order to make a budget system. Why would they do that? It reduced the proposed 60/40 split with miners to 45-20-45. Yet MN owners voted yes because it was good for Dash thus good for themselves. Enlightened self interest. That's why only MN owners can vote, because they have their money where their mouth is. Also, I agree, 14 people owning 50% sounds a lot better than I thought it was But still this relies on trust. Trust that these enlightened few will always continue to grow Dash in a fair and responsible way that benefits everyone. Maybe this is not misplaced trust and they will. I accept your point that what is good for Dash also benefits them so there is incentive to keep it fair. Even so there may be scenarios where budgets are passed which majority of masternode operators don't want. This is why voting in elections is one vote per person, not one vote per million dollars of wealth a person has for example. In fact is it worth bothering to vote at all if so much voting power belongs to so few? The ability to vote looks good on paper and discussed in blogs. But in reality it looks like democracy but is more like plutocracy. Anyway I hope I'm not heading for the troll list by writing these things, I like where Dash is heading in general and particularly like that it focuses on the properties of cash or money. At the moment I plan to stay invested in Dash because I have trust in the large holders to do the right things. But in my opinion this budget system needs a lot of thought.
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14 owner control about 1868 masternodes.
But there are 3550 masternodes, not 1868. If this is accurate, this is pretty surprising to me. I would have guessed the top 50% of masternodes were in the hands of just 4 or 5 big whales. 14 is pretty impressive. 14 is better than 4 or 5 but still its a bit worrisome isn't it ? The majority of voting power in hands of such a tiny elite group who effectively can permit budgets that benefit them and block ones that don't. How hard is it for them to know each other and form a cartel. Isn't this recipe for rich getting richer at expense of everyone? In the end this could kill Dash
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Imagine history repeats.
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Bitcoin has proven to be a store of value when capital controls are imposed, cf cyprus, greece, china. Bitcoin has risen by magnitudes of 10x or greater in short periods of time more than once already. Conclusion; this idea is not at all far fetched.
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Nice analysis which makes a pleasant change on this forum Enjoyed reading the link about arbitrage on futures price. If bitcoin falls for a while it might start looking like a cup n handle.
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Just over 10 days of voting left. At this time majority say price will rise but not reach all time high this year. Do you agree? Heres a picture giving rough estimates of the how I imagine the voting scenarios
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Its a shame bitcoin wisdom is not being maintained. For dash and eth charts I look at this site now https://cryptowat.ch
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