Correct Tera calls:
2013 Pump and top
2013 Crash and bull trap to 700
2013 Bleed out
Predicted wave to 20k back in 2013
Said that new US exchanges would fuel a new run before the 2017 parabola started
2017 Called multiple crashes as temporary corrections
2017 Called for longs on Bcash (before its wild pump, sold at .5 like me)
2017 Picked the ETH ratio bottom
2017 Played Doge coin perfect
2017 Called the top within a few % (sold at 18.8k)
Called the bounce to 17k as the worst time to buy, last chance suckers entry
Predicted a fall to 5-8k followed by a 100% bounce to 12k
Followed by a new fall to 5.5 and then a bounce to 10
Called for a supercycle low of probably 3k
The only area he was unsure about was the longer term: if a supercycle 4.0 would hit and push it to a new ATH. I am calling bubble 4.0 as topped out at 14k and a new bear market has now begun. Long term the odds have dramatically increased for 20k to remain as the forever ATH.
Yes, I recall that Terra2 predicted 5K/3K bottom for the next crash. He/she was a skilled trader, who also made many mistakes (I remember he/she admitted it in 2018). Eventually, Terra2 got some nasty sickness because of the non stop watching the charts. I understand your desire of idolizing him/her. But to make such out of the ass prediction on his/her behalf is hillarious. 14K was visited for a second time this year after the famous 2017. To call a bubble top a price visited for a second time after a long (in terms of BTC) bear market is really stupid. What about the halving next year? With a strong support around 10K this year, even Terra2 would expect a much higher top for the next bull run. If for any reason 10K is the last long lasting support, we can expect a crash from 70-80K to 10K in the worst case scenario, not 14K to way below 10K, lol. |
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I have an idea for the next poll: What will be the price on 30 Sept.: A) 10290-10300 B) 10300-10310 C) 10310-10320 D) 10320-10330 Nvm, I am just bored to death  |
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These 6% dumps are getting really annoying. What is this? Bitmex shorters? Weak hands harvesting 1% profits? This is probably the 20th time in the last 3 months. Geez, these guys can't wait 3-4 days for 100% profit. I mean without those dumps the price should have been at least 20K by now.
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10800 key resistance broken! Next target - 12K! Go, go, go!
When 15K? I expect the prices to each 15K by end of September and after that the real rally of bull run will begin. Any guess? I expect/hope 12K to be broken next week. After that there should be set a new AYH between 15K and 18K. Bakkt's launch, Van Eck & SolidX LTF (Or BTF - broker trade fund?) are catalyst for that. People can't estimate how exactly this will affect the price and perceive every news as good news. Even a movement of ~100K BTC is seen as a preparation for these 2 events. Normally, this would be perceived as bad news preceding a panic sell off. Moreover, the lazy Summer days are over and the trading is picking up speed. Less and less bitcoins are transfered from addresses to exchanges, which is a strong sign most investors are accumulating in anticipation of the next halving. There is still a good chance the 2017 ATH to be broken unitl the end of 2019. The good thing is that 10K has been established as a firm support this Summer. Even with this level entering the halving would be great. With 20K+ it will be perfect. |
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10800 key resistance broken! Next target - 12K! Go, go, go!
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Observing 10333 10480. Another quick 5-day-recovery from 10%-ish drop to 9.3K$. Moreover it just went beyond that 10200 which is the actual resistance line. Is this the beginning of the next bull run that will bring new AYH's and possibly the first attack of the ATH? I don't know, but in a bull year a period of 2-3 sideways months usually is followed by a strong bull run.
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The money sent to CB this morning arrived. SEPA transfer is fast! 0.077 BTC + 0.03 BTC bought earlier this month, say good bye to the exchange and hello to my Ledger! Edit. Bitcoins showed immediately and I can't see any fee. I can recall that they charged 0.001 and after Segwit 0.0005 BTC. And now I see no fee at all. Strange but I don't complain  |
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This dump looks exactly like 27.07 - 10200 to 9500 at once and after that to 9200. Both dumps are so identical that I think they are made by the same person. He didn't want to sell at 10200 but to bring the price down as much as possible. Otherwise he could have sold for hours/days if necessary. This may be related to some whale in bitmex who put earlier enourmous bids. I hope I am not right and it is just the usual stop loss/longs closing thing. Otherwise it would be sad that we can't break the 12K resistance because of one manipulator. Needless to say, Bitcoin will overcome again the curse of Bitmex. (And I think all hodlers curse these manipulators, so they have to live with a lot of bad energy around them! ) But all is OK. I've just sent 640 euro to CB. 10% discount is a nice bonus, if this is the will of the whales, so it be! The sum is too small, so I don't really care. This month I am happy to buy 0.11 BTC. So, if we stay for 10 years between 9K and 12K, I will be able to buy 10 BTC. And when we finally move to 20K (this is the worst worst absolutely impossible scenario of course), I will again achieve my goals in terms of USD. But I see 50K coming in 3 years of course! And after that, what I bought around 10K I will keep for 100K and so on! Living on the 10x principle! God, I wish I knew I had to buy when I first heard about Bitcoin - it was $280 that day! It took me 1-2 years to get into it. Well, no matter how late I entered, I just need an year at least half as good as 2017! |
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Customers Can Deposit Bitcoin to Bakkt’s Warehouse Starting Next WeekBakkt will open its warehouse to customers’ bitcoin on Sept. 6 in anticipation of its impending futures contract offerings, the company announced Wednesday.
In a tweet, the Intercontinental Exchange-backed bitcoin futures provider said it would begin offering customers secure storage for bitcoin “to prepare for the launch” of its daily and monthly futures contracts on Sept. 23. https://www.coindesk.com/customers-can-deposit-bitcoin-to-bakkts-warehouse-starting-next-week  The first regulated exchange for Bitcoin. If I understand correctly this tweet, the investor must buy bitcoins from another exchange and bring them to bakkt's custody. Then he makes the contract and at the end of the day/month, he will have more or less bitcoins, depending on his bet success. I am not sure how long he can keep the bitcoins in the custody. I've read somewhere about a limit of 12 months, but I can't find it now. So, let's say that a Wall Street company wants to invest in Bitcoin, but didn't decide it so far, because of the risks involved in buying and storing the coins. Now they can buy via OTC deal and send the coins to bakkt custody. In this way the coins will be safe with the insurance bakkt gives. This is a very important step which one day may persuade SEC to allow an ETF. Their main concern so far was the lack of a big regulated market, where the coins can be kept safe with an insurance for the investors. It would be interesting to know what is the ratio of retail/institutions buys. Not so long ago it was 100/0. This year CB reported about $1 bil per month from insitutions which is 1/8 of their volume. I have a doubt about that statement by CB's chief, but still there must be some truth in it. Let's say that we have roughly a 90/10 ratio this year. With bakkt it can go to 80/20, and with an ETF to 50/50 very quickly. On the other hand, the total savings of the population of the Earth is estimated around $300 trln. So, with the mass adoption if only 1% is used to buy bitcoins, then the price will reach $166 666 per BTC (x 18 000 000=$3 trln). And if institutions buy with another $3 trln this gives $333 333 per BTC. And all this in the foreseable future of 5 years. For a longer period, the ratio will change to 10/90 and the price may really reach and surpass $1 mil. Of course, most of us wouldn't wait that long. I will probably cash out most of my stash below 100K.  |
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According to this chart based off analysing Deribit options pricing, in March 2019 the probability of Bitcoin to be traded at prices around 10K in Sept 2019 was 4-5%. Edit. June 14K was nearly 0%. LOL  We all know what happened. Bitcoin ALWAYS does what is the least expected. Now, the probability that in Dec 2019 the price will be around 20K is 7%.  Anyone wants to bet with a 93% probability of success that the price will be under 20K?  I won't! (The charts were taken from https://twitter.com/skew_markets) |
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I agree that in the last 2 months we may had a falling wedge. But it looks more like an extended floor from the ladder pattern which has formed since April. The last similar floor was from 14 May to 10 June. Even in 2017 we had a similar boring 2 months sideways period in the Summer. There were numerous upward attempts who were suffocated by the low volume and several n00bs who play between Bitstamp and Bitmex. Their play can't continue indefinitely. The market will revive soon and they will be left behind with their insignificant profits. A research shows that over 80% of the BTC addresses currently have profit. This means that the people sitting on a profit right now are way above that. Since in every game the winners take the money from the losers, guess who are the losers! It is funny to read newbies posts how they predicted that pump to 10300 and the drop to 10 000. Mmmkay, play with it. But the day is approaching when there will be no more drops and we will resume the climbing with another leg reaching the ultra hot zone of the previous ATH. This will be a major sign that Bitcoin can't be stopped and whatever price it reached before, one day it will be reached again and surpassed! |
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Nice lil Sunday pump. I bet this is the last time we've seen.... Nope, I won't say it. I don't want to jinx it. |
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If you have 10BTC, you are a Sat billionaire.
How many do you need to be a multi-billionnaire? What's the entry level to "multi-"? My tentative guess is minimum would be 30 BTC. Less than 30 BTC would not be enough, unless exaggeration is involved. 2 is multi JJG, I.e more than 1. Added: must be a multiple of 1 I believe. I did a google to be sure and was surprised to find ambiguous answers abound. Well, i kind of suspected that the concept of multi- was ambiguous, and that is why I was a bit more conservative in my own accepted definition, which requires three....  Right now, with current BTC prices floating around $10k, you would be floating around BTC millionnaire status with 100 BTC. However, I would argue that you need 300 BTC, at this particular price range to proclaim multi-milliionnaire status (in terms of your BTC holdings), without engaging in exaggeration. I understand that guys are going to differ in this matter, and I personally give more credibility to more conservative assertions. I've always thought that a multimillionaire is a person that has a net worth more than 2 million units of currency, i.e. $2.1 mil. There is a website dedicated to such questions: https://multimillionaire.askdefine.com/. By BTC millionaire, JJG you mean actually a USD millionaire Speaking of this price $10K, I think it is a bit unfortunate that average Joes see it as a high price and they don't want to buy beyond it. Even my father, who supports me in everything, says to me: Who will buy above 10K? It is too expensive. I tell him and everyone else that the unit is of no importance. What if the current Bitcoin was called a mini Bitcoin and 100 mini Bitcoins one Bitcoin? The price would be $1 mil! But the market cap would be the same. The current market cap is still very low for a world known asset. And it has the potential to reach and surpass gold's cap. It is a bit unfortunate that average Joes don't get the concept and see this price as too high. I guess this is one of the reasons the number of drops under 10K is so high in the last months. Of course with time the scarcity will push the trades beyond such psychological barriers (10K, 50K, 100K). It would be very exciting to know what will be the price in 5 years, after 2 halvings! If the first halving bull run doesn't get us above 50K, then the next surely will get us above 100K. The question is who will wait and suffer all the drama until then |
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When someone says: "We'll never see 4 digits again" Me:  For some reason there are still people buying high and selling low. I can understand the mentally of a sick trader, who with bloody eyes sells in panic when his loss approaches 10%. But to do this constantly, and with such good news like bakkt and the halving is just beyond the sick mind. Of course, the clever buyers will use this new and little expected opportunity to increase their stash. I recall when in January I posted something like: "I just bought bitcoins from someone who will buy them from me above 30K hoping for a 10% profit which probably will be a 10% cut loss". Then I was mocked by a number of bear trolls, who explained with their charts that the bottom is way below 3k and that I will sell then and they will buy from me. This never happened. Moreover, these guys are the same that buy now at 11K and sell at 10K. But again: in one week I will buy from someone who is willing to sell now, and one day I will sell at 100K to that same person who probably with bloody eyes will cut his loss a day after. How much brain is needed that if you buy following the trend and sell with a 10% profit, then buying again but selling with the down trend cutting loss at 10% is a never ending trading cycle? Learn to hodl, people! Create a selling plan and live a free and happy life! I prefer to reach my goal in 1 year, but if not, I will be equally happy to buy more coins and wait 2-3-4-5-... years until the goal is reached. And by then, these coins will remain beyond my current selling plan for retirement/kids/etc.. |
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Good morning WO! It is nice to see a lil pump during the night, although it dried a bit. But it is better to have a normal and steady increase than buy the news sell the fact kind of pumps. Let's hope the traders realize than after the launch of bakkt, it will have an actuall effect on the price. Unlike the CME futures, bakkt will operate with real bitcoins. So, clearly, these bitcoins will be removed from the regular exchanges, which is good. There are however several questions that still need to be answered.
1. Will the clients be able to simply buy and hold bitcoins in bakkt custody, or need to make a futures contract? If they need to make such a contract, can it be made in such a way that it is a mere formality, i.e., the profit/loss in terms of bitcoins related to the right/wrong guessing of the price in negligible? And for how long they can be held there? I've read somewhere it is up to a year, but what happens afterwards is not clear.
2. Will all clients of bakkt be allowed to deposit/withdraw bitcoins? If both actions are allowed, then bakkt will be pretty much like a regular exchange and the price of bakkt will influence the price on the other exchanges. But if bakkt's staff only buys/takes bitcoins from OTC desks and not from every client, then the price of bakkt should not influence the price on the other exchanges, since nobody will be able to move coins and sell them on bakkt.
3. What is the expected amount of new bitcoins entering bakkt each month? The chief of Coinbase tweeted that for this year their custody has attracted $200-400 millions per week from institutions. This would mean around 100 000 bitcoins per month at a price of 10 000. If this is true, it explains why the volume in CB is so high this year (2-4 times higher than in 2018). Are we talking for a similar amount, smaller, or bigger - like an ETF would attract?
These are the questions that spring to my mind. Hopefully, we will soon get some answers by bakkt's staff. For others, we will have to wait several months.
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Naaaah you good man (@mindrust)
Keep speaking your mind/thought cause thats why we are here for
And if people would think wrong or wouldn’t like what you think, Then thats there problem!
Of course, Mic, nobody is forbidding anyone from speaking. Obviously not even neo-nazis like r0ach, unfortunately. But there are people who may be tempted to use their reputation to imprint fear in the others (which is a definition of FUD). How we can recognized it? If that person starts with something like "Bad news" when there is no news, or makes a bearish predicition which he repeats... I don't know, may be 10 times or more in the last 6 months. And if he openly admits that he missed the oportunity to buy at some price. Then it is obvious to me that we should not be influended by his dramatic chart analysis. That's all. May be they are wonderful persons in real life, but not everyone is so good like you Mic to give prizes and encourage others with the best possible advices. I've became a convinced hodler because of people like you, JJG, 600Watt, LFC Bitcoin, etc.... I mean, my ideas, education, understanding about Bitcoin meet completely theirs. Not because I believed the gloom and doom predictions. So my mission is to say openly the truth and encourage all to turn their back to the panic selling or waiting for unreal low prices because of trolling, FUD, etc. And as for lambie and mindrust, I believe they need some time to develop the right thinking. In this respect I said they are new to the Bitcoin world. Others learn faster. I needed only 10 months in the midst of all the fork and Chinese ban drama to develop my thinking and mental resilience both in losing and winning periods. But not everyone is the same. The problem is that the time is limited. And if someone is on the wrong track, soon he will miss the last oportunity for a massive profit. ivomm, i mostly like your posts. but here, regarding mindrust and lambie, you went on the wrong boat. it is a bit weird to suggest seasoned hodlers like mindrust they need to change their thinking. re read his posts, i don´t think he is a bear at all. let´s not get into strange fights, we are in the same team. please consider to apologize and let us move on. I disagree. Lambie said multiple times he expects a drop to 4900. And during the long 3 months climb he constantly said he is short term bearish. He was not right. He was hoping to buy at these levels but he will remain with the hope. The same applies for mindrust. He said he expects a drop to 7.5-8K, when he will enter with big money. Again, he will remain with his hopes. Such thinking is immature, no matter how long they hodl. I respect them, but this thinking may prevent them from realizing big profit. And if they post numerous times how they believe this will happen means something more for me: FUD. |
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