Stamp crossed $2600  |
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Appears we are well into the exponential phase of the bull run. The doubling in the last 30 days means it is well advanced, without a significant correction around these levels (anywhere from here up to 3600) the blow off from here may be only a matter of 3-4 weeks of insane bull left, culminating in somewhere near $9588-10k target of luc's for the blow-off top for this adoption wave. Huge volumes of new money will keep flooding in until the doubling time-scale gets less than the time-scale for new entrants to enter the market (exchange delays, transfer processing delays will all be factors in limiting the ultimate flow rate of new money into the market that sets the lower limit on the final doubling-time scale) .... and then the infrastructure will receive it's best new market signal of what scale of hardware/software/support capacity roll-out it will need to sustain the next adoption wave (circa 2020 halving plus 9-12 months?), given that the size of the market demand is still relatively infinite compared with the current in situ infrastructure necessary to cope with the burgeoning growth of demand now being witnessed.
In the alternate case of a significant correction in the next 2-3 weeks then a new assessment will be warranted.
tl;dr $9588-10k target got it |
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Imagine when the alts crash and that money come to btc. We'd already be at $5k
What would make the alts crash? I can't see it myself. Well, this is what I see. A lot of people are psychologically unstable when they see new ATH for bitcoin. They can't resist and sell part of or all of their bitcoins in anticipation of the "imminent and unavoidable" correction. But correction doesn't happen or is too shallow. Bitcoin keeps breaking new ATHs. People hate to recognize their mistakes and buy back at higher price. They can't handle the fact that they'll end up with less bitcoins. They also can't look at their fiat dumb holdings depreciate every day. This is why they throw all of it into some alt of their choice hoping that some day they'll sell it and recoup their bitcoin. This is all the "logic" behind alt boom. Of course, there are some players with different agenda that are riding this wave. You can throw all your bitterness towards altcoins, but the truth is that whoever invested in alts (lets say any of the top10) 3months ago, has made much money than others just investing in BTC. And the fact is that we are here for the moneys, aren't we?  Again with the logic that we should all listen to financial advise from lottery winners? After all they did make a ton of money right, that must mean something right? right  |
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Someone on Finex is cashing out big time around $2200 Finex's USDT are more valuable then Stamps and BTC-e USD???
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LOL stamp is about on par with finex, and btc-e is trading at $30 premium  Rats jumping shitcoin ship for segwit  |
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That's what i was asking. Thnx |
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nice BTC1k ask wall on bearstamp, lots of people cashing out spreading the wealth
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If we need a reason to feel bad, half a dozen alt coins went up 800%. And most of us missed out. FYI I think this might be the best write-up of the alt situation so-far. JPY volumes feel too high are they real or they add few zeros like CNY before the crack down? |
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Bearstamp caught up to Finex . Guns are loaded for the weekend |
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lol now NEM added $800MM in market cap over night (literally like over last 24hrs) srsly wtf is NEM?? Is my screen broken? Or is every shitcoin being pumped to delude BTC's dominance This is indeed an interesting ahem critical time When XRP started dumping Ripplers ran out to the next shitcoin, mostly NEM and DOGE. Everything is ok, don't worry. They are already drying out of coins to pump and eventually a good chunk of those funds will come back to daddy. Thats fine, i actually prefer them $$ in shitcoins, acts as a hedge against big dumps |
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lol now NEM added $800MM in market cap over night (literally like over last 24hrs) srsly wtf is NEM?? Is my screen broken? Or is every shitcoin being pumped to delude BTC's dominance This is indeed an interesting ahem critical time |
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Notice over the last few months BTC may hit a pot hole or 2 or a dip in the road, but what's different these days, is it gets quickly back up to speed and carry's on. Didn't used to do that. I think that change is because now there is more "fast funds" available. There are many more exchanges available and also LOTS of funds on the alts markets. Before, it was needed some delay for funds to be transferred from banks to exchanges, now it's just a matter of switching coins when Bitcoin "gets cheaper". Also there is a giant pressure upwards fueled by the crazy rise alts have had in the last couple of months that almost make Bitcoin be incredibly stable (and undervalued) in comparison. Ie: Ripple 1/4 of Bitcoin's market cap? What sort of joke is that? Ya you pretty much nailed it. Lots of cash in alts and which I have always felt is an underlying stability factor for BTC. And ya fast funds has to be some of it too, I hadn't weighed that factor yet lol, and then there's ripple Yep all that money in shitcoins is waiting for a "correction" to jump back in. So what will happen if they don't see that correction  |
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I guess the demand was under estimated upidy up we go again.
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Now gotta wake up every morning and pray the price hasn't crashed.  Simple, just don't sleep  |
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Blow-off top incoming.....could stretch out to 1900's. i still say we retest the 1300 breakout zone, but who da fak knows...it could launch.
There just no coins left for sale across most exchanges. This bullwhale ate it all Finex got BTC646 till $1990 stamp got like BTC1k So, straight to 10K ? It wouldn't take much to create hysteria, and Bitcoin hodlers are an odd ideological bunch so many won't sell at any price. Under right conditions i wouldn't rule anything out. At this point we broke through the resistance of market makers and their bands and are now just free floating. |
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Blow-off top incoming.....could stretch out to 1900's. i still say we retest the 1300 breakout zone, but who da fak knows...it could launch.
There just no coins left for sale across most exchanges. This bullwhale ate it all Finex got BTC646 till $1990 stamp got like BTC1k |
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Good morning, gentlemen. Still at it I see?  The good ole days. I hope we can laugh about it now. He really was a professional. I member, 280 and bellow did hurt...for a bit. Not sure if i'd say s/he was a professionally but s/he was definitely something. Where did Stofi go is he still around here? Jstolfi is active on r/btc, the BU crowd loves him. Huh so he finally found his crowd. Thought he'd get bored singing to a choir there. On a side note, Segwit on LTC is a major win for core, r/btc will need bigger guns to put a negative spin on that |
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Good morning, gentlemen. Still at it I see? The good ole days. I hope we can laugh about it now. He really was a professional. I member, 280 and bellow did hurt...for a bit. Not sure if i'd say s/he was a professionally but s/he was definitely something. Where did Stofi go is he still around here? |
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Someone big is moving in and sucking all of the liquidity out of the markets. $2k is on the radar on Finex and only BTC1400 away. People are hodling on to their coins, and the weak hands a running for the Alts.
btw any word on when if ever they'll be fixing their withdrawals?
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