Nights Watch by Afrikoin

[Afrikoin]

How Japan Prepares to Recognize Bitcoin as Method of Payment on April 1

https://news.bitcoin.com/japan-bitcoin-method-payment-april-1/

So you still predict the $750-800 short-term?

yes. https://www.deepdotweb.com/2017/03/29/bitcoin-price-analysis-29th-march-2017/

[york780]

I made a chart for you Africoin. This is my expectation for the upcoming months.




1; obvious 2 pointed top, sign of a dump
2; dont do anything stupid zone (hodl or dont buy)
3; bulk load zone. Buy everything in this zone

[Afrikoin]

I made some slides explaining why I think Core is on the wrong path for Bitcoin's future:

https://www.docdroid.net/NG1sbVq/pantera-march-2017.pdf.html#page=36

[Okurkabinladin]

Sheesh, got caught offguard by retest of 1000 earlier today and lost stack of money. Thanks anyway, guys. Your insight is incredibly helpful.

Ill stay in fiat for couple of weeks.

[Chef Ramsay]

Sheesh, got caught offguard by retest of 1000 earlier today and lost stack of money. Thanks anyway, guys. Your insight is incredibly helpful.

Ill stay in fiat for couple of weeks.

Screw fiat, you wanna be in litecoin at this juncture.

[york780]

Sheesh, got caught offguard by retest of 1000 earlier today and lost stack of money. Thanks anyway, guys. Your insight is incredibly helpful.

Ill stay in fiat for couple of weeks.

Screw fiat, you wanna be in litecoin at this juncture.

Half of the FOMO traders are already trapped. Only when you bought before the pump you can take your chances with staying in litecoin. Never stay in altcoins after a pump. There is no floor.

[windjc]

I made some slides explaining why I think Core is on the wrong path for Bitcoin's future:

https://www.docdroid.net/NG1sbVq/pantera-march-2017.pdf.html#page=36

That is one shitty shitty slide show.

Bitcoin's first investor??? Lol. WTF?

[Afrikoin]

Yeah!

i saw this pump coming. This was an email reply to one of my subscribers 10 days ago.

I do not trade altcoins though

[Morecoin Freeman]

Bitcoin long-term uptrend; Usually a good moment to buy is just after you start to see the bounce off support:



(BITCOIN PRICE INDEX $1,028.36)

Support hit?

[wpalczynski]

Support violated.

[afbitcoins]

Hi Africoin, thanks for the great thread. Just wanted to drop by, say hi, and let you know I appreciate what you do, and the confidence with which you put yourself out there. 

For me I'm not ready yet to look at things like trend reversal or lows as far as you are suggesting however its good to acquaint myself with those possibilities. Personally I'm still OK with my bullish stance in bitcoin, at least for now, and wondering if the fork drama is all a bit overblown. Daily MACD also crossing up about now.

Also I'm quite curious to know why you don't trade any alts? Perhaps the volatility and pump, dump manipulations ?

I'm a believer in them myself, (although not all of them of course). But I tend to think that bitcoin diminishing in relevance in the entire crypto universe isn't a bad thing. To me it seems bitcoin cannot be everything or the one crypto to rule them all and in the darkness bind them. But it has opened the pandoras box and still very relevant as the reserve crytpo currency and still the king. I don't think it will ever fade to irrelevance. But it can't be denied surely there are many crypto out there already filling niches better than bitcoin. 

[Dafar]

Hi Africoin, thanks for the great thread. Just wanted to drop by, say hi, and let you know I appreciate what you do, and the confidence with which you put yourself out there.  

For me I'm not ready yet to look at things like trend reversal or lows as far as you are suggesting however its good to acquaint myself with those possibilities. Personally I'm still OK with my bullish stance in bitcoin, at least for now, and wondering if the fork drama is all a bit overblown. Daily MACD also crossing up about now.

Also I'm quite curious to know why you don't trade any alts? Perhaps the volatility and pump, dump manipulations ?

I'm a believer in them myself, (although not all of them of course). But I tend to think that bitcoin diminishing in relevance in the entire crypto universe isn't a bad thing. To me it seems bitcoin cannot be everything or the one crypto to rule them all and in the darkness bind them. But it has opened the pandoras box and still very relevant as the reserve crytpo currency and still the king. I don't think it will ever fade to irrelevance. But it can't be denied surely there are many crypto out there already filling niches better than bitcoin.  

They are all 100% speculation, bitcoin might be 90% speculation but alts are 100% speculation, except for ETH maybe but that's not even meant to be a store of value or digital gold like bitcoin. Who the fuck would ever use Dash to preserve/send real savings? Monero might have been accepted in AlphaBay but being someone who frequently uses the dark net markets 99.9999% of vendors still use and prefer bitcoin even with "faster" and more private alt coins out there.

[Afrikoin]

This is what i see on the 1 hour chart

A higher fractal correction

A - B (in black)

followed by 1,2,3,4,5 waves (C)

Could get up to $1150.

But , even though many disagree, i see price resume trend down after the 5 th wave of this C

else,

thw whole A-B + C (5 waver) is part of another higher order A. (will share this soon)

[Afrikoin]

4h Follow-Through: BTC, ETH, DASH Ep.7

https://www.youtube.com/watch?v=mOg02zGK7kI&t=291s

[Afrikoin]

Hard fork Cafe

[quake313]

Hard fork Cafe

Wang Chun is apparently Chinese for "likes to troll"

[Majormax]

Only reason ETH and Dash are this big right now is because of BTC fork drama, spooked crypto enthusiasts look for safety in what they perceive as the next best coin and plan to go back to BTC once the drama is over. 90% of people dabble in alts to increase their BTC stash, that's their one and only goal. And it only takes a small percentage of scared Bitcoin fans to inflate certain altcoins to huge bubble proportions. I'm not a Bitcoin maximalist, I'm sure a few altcoins will find their own niche in time, but right now they're simply way overvalued due to the Bitcoin drama.

I disagree. ETH has really many more uses than BTC, it is more interesting, will attract a more diverse crowd and support a more diverse ecosystem eventually. The only problem with it is the big supply with inflation that is still not definitely defined - it makes it kind of less attractive to those very people who push the price up - the investors. Of course bitcoin can still attack this space with RootStock - but currently this seems very remote. With DASH I am a bit more sceptical - but it has also innovated. DASH has somehow better privacy - but it also nailed down the social system with the DAO idea - the result of it is for example paying the PR girl, this also is a big innovation.

Without question there are many alts whose genetics are better suited ,than Bitcoin, to all kinds of uses.  However, the first mover has a huge advantage of brand, network effect, and simple holder/user inertia.

Bitcoin's advantage will erode amongst the Crypto community (indeed that path is well advanced now), however, it is the global currency/transaction market which will drive new adoption, as that is fresh money, and big scale. The highest profile Crypto will benefit from new attention, and that is still BTC. It is also the defacto settlement layer in most altcoin transactions.

Things may well change, but the process will probably happen in political time (think years) rather than tech time (think days). Like an environmental ecosystem, new species are competing for a niche, against dominant creatures. That analogy might suggest the possibility of a quick tipping point, but equilibrium remains the default state for the majority of the time.

[Afrikoin]

Only reason ETH and Dash are this big right now is because of BTC fork drama, spooked crypto enthusiasts look for safety in what they perceive as the next best coin and plan to go back to BTC once the drama is over. 90% of people dabble in alts to increase their BTC stash, that's their one and only goal. And it only takes a small percentage of scared Bitcoin fans to inflate certain altcoins to huge bubble proportions. I'm not a Bitcoin maximalist, I'm sure a few altcoins will find their own niche in time, but right now they're simply way overvalued due to the Bitcoin drama.

I disagree. ETH has really many more uses than BTC, it is more interesting, will attract a more diverse crowd and support a more diverse ecosystem eventually. The only problem with it is the big supply with inflation that is still not definitely defined - it makes it kind of less attractive to those very people who push the price up - the investors. Of course bitcoin can still attack this space with RootStock - but currently this seems very remote. With DASH I am a bit more sceptical - but it has also innovated. DASH has somehow better privacy - but it also nailed down the social system with the DAO idea - the result of it is for example paying the PR girl, this also is a big innovation.

Without question there are many alts whose genetics are better suited ,than Bitcoin, to all kinds of uses.  However, the first mover has a huge advantage of brand, network effect, and simple holder/user inertia.

Bitcoin's advantage will erode amongst the Crypto community (indeed that path is well advanced now), however, it is the global currency/transaction market which will drive new adoption, as that is fresh money, and big scale. The highest profile Crypto will benefit from new attention, and that is still BTC. It is also the defacto settlement layer in most altcoin transactions.

Things may well change, but the process will probably happen in political time (think years) rather than tech time (think days). Like an environmental ecosystem, new species are competing for a niche, against dominant creatures. That analogy might suggest the possibility of a quick tipping point, but equilibrium remains the default state for the majority of the time.

true.

why i am long term bullish always.

bitcoin will succeed!

[Tzupy]

Daily PSAR flipped to bullish on Bitstamp.

[york780]

Daily PSAR flipped to bullish on Bitstamp.

Sometimes, if it looks too bullish, it's actually bearish

About damn time.