Nights Watch by Afrikoin

[Hyena]

Iota is about 100x further along in adoption than byteball and offers zero transaction fees.

yeah right, iota is not even production ready yet, a quote from their own webpage:

IOTA IS CURRENTLY IN BETA

It should be noted that IOTA is currently still in Beta. This means that the current Java implementation is an reference implementation. Major improvements to performance, features as well as ease of use will be made over the coming months.

byteball was released 6 months ago. it is listed on CMC. where is iota listed exactly? nowhere. I bought byteball when they were trading 50$ each and now it is 679$. I rest my case.

[Afrikoin]

Bitcoin Price Analysis June 13 2017 https://www.deepdotweb.com/2017/06/13/bitcoin-price-analysis-june-13-2017/

[Afrikoin]

Goldman sachs EW charts


Due to popular demand, it’s worth taking a quick look at Bitcoin here...
 
The market has come close (enough?) to reaching its extended (2.618) target for a 3rd of V-waves from the inception low at 3,134. It’s on track to forming a bearish key day reversal if today’s close settles below 2,749. It will also form a key week version if Friday’s close is below 2,475. Both daily/weekly oscillators are diverging negatively. All of this to say that the balance of signals are looking broadly heavy.
 
An eventual 4th wave should retrace at least 23.6% of the length of wave III, which in this case comes to to ~2,330. It shouldn’t go much further than 38.2% down at 1,915. Expect 4th waves to trade sideways/messy for a period of time before eventually continuing the underlying trend. Will use the length of wave I (~1,136 points up to the Nov. ’13 high) to measure the minimum projection target for wave V.
 
View: Wary of a near-term top ahead of 3,134. Consider re-establishing bullish exposure between 2,330 and no lower than 1,915.
 

[Afrikoin]

BankThink How I missed the point of bitcoin

https://www.americanbanker.com/opinion/how-i-missed-the-point-of-bitcoin

[Afrikoin]

Ether Price Analysis: The Bubble Will Pop — But Not Just Yet https://bitcoinmagazine.com/articles/ether-price-analysis-bubble-will-pop-not-just-yet/

[Afrikoin]

Craig Wright Interview Part 1 – An Introduction

https://coingeek.com/craig-wright-interview-part-1-introduction/

[no0dlepunk]

Ether Price Analysis: The Bubble Will Pop — But Not Just Yet https://bitcoinmagazine.com/articles/ether-price-analysis-bubble-will-pop-not-just-yet/

This is woop woop as wopper! 

[Afrikoin]

Bitcoin needs government regulation to rise further, Morgan Stanley says

http://www.marketwatch.com/story/bitcoin-needs-government-regulation-to-rise-further-morgan-stanley-says-2017-06-13?mod=mw_share_twitter





The investment bank noted that the “rapid appreciation” of bitcoin and other cryptocurrencies, like ethereum, had “elicited many inbound phone calls to both our banks and tech teams” as the gains entice prospective investors and adopters.

[600watt]

BankThink How I missed the point of bitcoin

https://www.americanbanker.com/opinion/how-i-missed-the-point-of-bitcoin

wow, that is a good sign. the elite finance journalist stops bashing bitcoin, admits he was wrong. it is a sign of strength to admit that. others will follow.

[Afrikoin]

UAHF: A contingency plan against UASF (BIP148) https://blog.bitmain.com/en/uahf-contingency-plan-uasf-bip148/


"So the Bitcoin network is at a high risk of being split on Aug 1st, 2017."

[DieJohnny]

Iota is about 100x further along in adoption than byteball and offers zero transaction fees.

yeah right, iota is not even production ready yet, a quote from their own webpage:

IOTA IS CURRENTLY IN BETA

It should be noted that IOTA is currently still in Beta. This means that the current Java implementation is an reference implementation. Major improvements to performance, features as well as ease of use will be made over the coming months.

byteball was released 6 months ago. it is listed on CMC. where is iota listed exactly? nowhere. I bought byteball when they were trading 50$ each and now it is 679$. I rest my case.

I am dumbfounded that IOTA is at 1.6 billion in the first day. I have to believe it is going to drop dramatically. I heard Bitfinex disabled iota deposits, sounds pretty scammy to me.

What the IOTA cap does say to me though is that the technology is potentially very disruptive and if IOTA is worth 1.6 billion on pure speculation, then BB can easily get there. 1.6 billion is a 10x for byteball, 10.6 billion would be 100X. I think BB needs a lot of utility built on top of it to get that far.

[Hyena]

Iota is about 100x further along in adoption than byteball and offers zero transaction fees.

yeah right, iota is not even production ready yet, a quote from their own webpage:

IOTA IS CURRENTLY IN BETA

It should be noted that IOTA is currently still in Beta. This means that the current Java implementation is an reference implementation. Major improvements to performance, features as well as ease of use will be made over the coming months.

byteball was released 6 months ago. it is listed on CMC. where is iota listed exactly? nowhere. I bought byteball when they were trading 50$ each and now it is 679$. I rest my case.

I am dumbfounded that IOTA is at 1.6 billion in the first day. I have to believe it is going to drop dramatically. I heard Bitfinex disabled iota deposits, sounds pretty scammy to me.

What the IOTA cap does say to me though is that the technology is potentially very disruptive and if IOTA is worth 1.6 billion on pure speculation, then BB can easily get there. 1.6 billion is a 10x for byteball, 10.6 billion would be 100X. I think BB needs a lot of utility built on top of it to get that far.

sooner or later big businesses are going to start accepting Byteball because byteball TXs are confirmed practically instantly. Whereas BTC and other block chain coins derive their finality probabilistically Byteball TX finality is boolean. The TX is either final or not. If its final it is safe to accept as payment and it happens real fast. much better currency for online businesses where customer wants to immediately gain access to goods and services after making the payment and the merchant will never have to worry about double-spending of unconfirmed TXs.

[Afrikoin]

Bundesbank's Weidmann: Digital Currencies Will Make The Next Crisis Worse http://www.zerohedge.com/news/2017-06-14/bundesbanks-weidmann-digital-currencies-will-make-next-crisis-worse

[Wekkel]

Bundesbank's Weidmann: Digital Currencies Will Make The Next Crisis Worse http://www.zerohedge.com/news/2017-06-14/bundesbanks-weidmann-digital-currencies-will-make-next-crisis-worse

Instant payment is not a defining feature of bitcoin. In fact, the European payment system is already almost 'instant payment'. The unique features of bitcoin are decentralised, permissionless, programmable and non-inflatable.

And bank runs:  Who needs a bank if you can be your own bank?

[Afrikoin]

Major $BTCUSD level is breaking now, a close < $2500 opens door back to $2k all caused by @Bitmain's post. #Bitcoin #UASF #BIP148 #SegWit

https://twitter.com/ToneVays/status/875036749151514626

[Afrikoin]

[DieJohnny]

Major $BTCUSD level is breaking now, a close < $2500 opens door back to $2k all caused by @Bitmain's post. #Bitcoin #UASF #BIP148 #SegWit

https://twitter.com/ToneVays/status/875036749151514626

It seems we are headed lower than 2k. How low do we have to go to put us in a bear market for the rest of the year?

[RoyBatty]

Major $BTCUSD level is breaking now, a close < $2500 opens door back to $2k all caused by @Bitmain's post. #Bitcoin #UASF #BIP148 #SegWit

https://twitter.com/ToneVays/status/875036749151514626

It seems we are headed lower than 2k. How low do we have to go to put us in a bear market for the rest of the year?

According to Tone on his stream earlier, he didn't anticipate it dropping below 2k, but noted a break below 1700 would signal a clear trend change.

[RyNinDaCleM]

Major $BTCUSD level is breaking now, a close < $2500 opens door back to $2k all caused by @Bitmain's post. #Bitcoin #UASF #BIP148 #SegWit

https://twitter.com/ToneVays/status/875036749151514626

It seems we are headed lower than 2k. How low do we have to go to put us in a bear market for the rest of the year?

According to Tone on his stream earlier, he didn't anticipate it dropping below 2k, but noted a break below 1700 would signal a clear trend change.

I disagree! I would argue that we can go as low as 1120 and still have our larger trend intact. That price rises every week that passes, so next week it will be around 1150.

That trend line, if breached, is a good indication of lost support, imo. As long as it holds, we are good.
An EW guide line is that wave-4 usually bottoms in the area of the 4th of one lesser degree. In this case, the iv on my chart (blue box).

[Okurkabinladin]

Major $BTCUSD level is breaking now, a close < $2500 opens door back to $2k all caused by @Bitmain's post. #Bitcoin #UASF #BIP148 #SegWit

https://twitter.com/ToneVays/status/875036749151514626

It seems we are headed lower than 2k. How low do we have to go to put us in a bear market for the rest of the year?

According to Tone on his stream earlier, he didn't anticipate it dropping below 2k, but noted a break below 1700 would signal a clear trend change.

I disagree! I would argue that we can go as low as 1120 and still have our larger trend intact. That price rises every week that passes, so next week it will be around 1150.
That trend line, if breached, is a good indication of lost support, imo. As long as it holds, we are good.
An EW guide line is that wave-4 usually bottoms in the area of the 4th of one lesser degree. In this case, the iv on my chart (blue box).

Lets say it happens for the sake of discussion, Ryn. We will briefly touch 1200. Would it mean wave 5 is still ahead of us OR are will we start another run up from wave 1. Please, help me orientate here. Thank you.

In another thread, it was mentioned, that rise to 3000 USD per bitcoin is prolonged wave 3 before large correction, that we are currently witnessing.

So is this wave 4 or end of the current count and how do we tell? Thank you again.