LUCKMCFLY
Legendary
Offline
Activity: 2576
Merit: 1875
Leading Crypto Sports Betting & Casino Platform
|
|
December 09, 2019, 02:48:13 AM |
|
Could it be repeated again? Some patterns are often repeated and stories may be repeated sometimes, but the current circumstances are different. In a few hours’ time, Bitcoin’s weekly chart is expected to print a golden cross of the 50-week and 100-week simple moving averages, with the former crossing above the latter. As an analyst recently pointed out, the last time this was seen, BTC surged by 75% in the four to five weeks that followed the cross. The much anticipated weekly candle close for $BTC
The 50/100 MA golden cross is all but confirmed & we're closing on a bounce above fibonacci support from the December bottom in 2018 to the 2019 top
The last golden cross on the weekly led to 75% gains in the following weeks 🚀 Source: https://twitter.com/LilMoonLambo/status/1203726586488508417On the other hand.. Source: https://twitter.com/crypto_birb/status/1203343292915687424This difference seems to imply that Bitcoin is unlikely to see a 75% gain, which would bring the cryptocurrency to $13,000 from current prices, in the coming weeks. Source: https://www.newsbtc.com/2019/12/09/last-weekly-golden-cross-led-bitcoin-rally-75-same-happen-now/Important movements are expected in 2020, as we are close to the Bitcoin halving, trade war between the U.S. and China, Stablecoins, the largest adoption of Bitcoin, I think all this adds up and will affect Bitcoin positively.
|
|
|
|
kellrobinson
|
|
December 09, 2019, 03:26:41 AM |
|
Speaking of parabolic...
|
|
|
|
xhomerx10
Legendary
Offline
Activity: 4004
Merit: 8802
|
|
December 09, 2019, 03:42:50 AM |
|
Mah Patriots look horrible today!
Ah you're too hard on them. They looked really good for the first 3-4 minutes... Steelers had it easy today - they played the Cards. Hard not too look good but they tried anyway
|
|
|
|
akhjob
|
|
December 09, 2019, 04:37:40 AM |
|
@VB1001 Nice history on the WOhats. I'll be glad if I got one of xhomerx10 hats in future.
I'm glad you liked it, as far as I'm concerned, I only collect information, the hats are xhomerx10 designs he decides when and how. Oh sorry for the misunderstanding. The 1st sentence was an appreciation for your extensive search. The 2nd one is for xhomerx10 Maybe be I should have separated them with a line
|
|
|
|
jupiter9
Member
Offline
Activity: 165
Merit: 10
|
|
December 09, 2019, 06:18:43 AM Last edit: December 09, 2019, 06:51:44 AM by jupiter9 |
|
Gann's theory suggests buying the possible dip before the angels touch the next spectrum which will follow the price after the $11250. The Gann theory is widely used in stock and forex technical analyze, is it same for BTC charts? Any ideas? P.s: Photo is from Twitter. Yeah, but where is the twitter link? or the twitter user. It is better practice to attempt to give appropriate credit, even to the re-tweeting of the ideas came from someone else. By the way, the Gann theory visual looks quite pretty on that graph, but I am a bit unclear what the theory would be saying in that particular visual. Members attempt to employ all kinds of technical analysis that involves the drawing of lines, and surely there are going to be times in which the lines help to bring the matter of BTC price performance into perspective, yet with any theory, we have to take them with grains of salt, and surely there are a variety of theories in bitcoin that attempt to combine technical analysis and fundamentals in order to come up with relatively convincing price description and prescription models... of course, we don't know for sure if any of the models or theories are going to play out in the longer term until time passes that might lend more or less credibility to the model, theory or even tools that might be employed to come up with theories and models. Technical analysis in a nutshell: -It will go up, down or sideways. I am yet to see a TA which says something different. It is always the same. May go up, may go down, may go sideways. *Alright sometimes they say it can go backwards too. I googled Gann theory and it says that the 9th year is the most bullish year. Bitcoin 9th year was 2017! Year 10 is a bear year (2018). We are at the end of 11th year. It's interesting. Important days from the tops 90 days there is a bottom at this day and 150 day from the 14k top. The next important day is around 22th of December when bitcoin gets to the important 180th day from the 14k top and Gann theory says that 22th Dec is important no matter if it's the 180th day or not.
|
|
|
|
mindrust
Legendary
Offline
Activity: 3416
Merit: 2521
|
|
December 09, 2019, 06:59:57 AM |
|
I should really check what this Gann theory is about. Looks like its another fancy way of fortune telling.
Is this our new hopium after Asuka's died? :d Masterluc is still pretty spot on too.
|
|
|
|
jupiter9
Member
Offline
Activity: 165
Merit: 10
|
|
December 09, 2019, 07:12:21 AM |
|
I should really check what this Gann theory is about. Looks like its another fancy way of fortune telling.
Is this our new hopium after Asuka's died? :d Masterluc is still pretty spot on too.
It looks like a fortune telling but i saw youtube video telling that bitcoin is about to top at the end of 2017 because of the 10th year. But the video was published before the ATH. It's weird but if it works i wouldn't mind if Harry Potter explains this theory. Anyone here knows more about Gann theory? I would reward him or her with merit. I would like to know what happens at the 11th and 12th year when the 10th year cycle ends? Thank you for the merit mindrust.
|
|
|
|
whiteboy420
Jr. Member
Offline
Activity: 100
Merit: 5
|
|
December 09, 2019, 07:15:09 AM Last edit: December 09, 2019, 07:32:34 AM by whiteboy420 |
|
BTC/USD Long/Short Ratio 84:15 % of supply long:short 0.21:0.037 Long Daily Charge $37,883 Short Daily Charge 0.32568 BTC Total Long 37,880 ($285,020,484) Funded Longs $126,276,811 Total Short 6,743 ($50,736,355) Funded Shorts 4,587 BTC closed my long because its the most crowded trade on the internet. went short @7580$ feeling not so confident (tight stops) https://www.tradingview.com/x/lTknVaPh
|
|
|
|
fillippone
Legendary
Offline
Activity: 2324
Merit: 16603
Fully fledged Merit Cycler - Golden Feather 22-23
|
|
December 09, 2019, 07:46:30 AM Last edit: December 10, 2019, 08:00:06 AM by fillippone |
|
It's time (again) for a Wall Observer Meta Post! I made this post Monthly, so it will consider the merits sent during the month of November. Consequently I had to wait for the last merit dump, that included the last day of the month. Merit analysis based on LoyceV merit file: http://loyce.club/Merit/merit.all.txtMerit updated to November, 30th, 2019 23:59:59 UTC Total merits sent on WO: 33384 Monthly Merits sent on WO: 1485 (+159 vs previous month) Merited Users: 632 (+11 vs previous month) TOP 100 WO MERIT RECEIVERS: 1.micgoossens 2128 2.Last of the V8s 1788 3.HairyMaclairy 1363 4.xhomerx10 1292 5.BobLawblaw 1030 6.Toxic2040 961 7.jojo69 923 8.JayJuanGee 887 9.LFC_Bitcoin 885 10.infofront 842 11.VB1001 676 12.d_eddie 612 13.Torque 510 14.bitserve 493 15.Paashaas 439 16.gentlemand 422 17.fillippone 410 18.mindrust 409 19.Elwar 389 20.Globb0 374 21.Lambie Slayer 357 22.kenzawak 342 23.Icygreen 337 24.Raja_MBZ 334 25.cAPSLOCK 313 26.JimboToronto 310 27.ivomm 306 28.kurious 297 29.mfort312 289 30.jbreher 288 31.goldkingcoiner 288 32.Biodom 283 33.nutildah 280 34.JSRAW 269 35.BTCMILLIONAIRE 254 36.Rosewater Foundation 244 37.Pamoldar 241 38.Phil_S 229 39.vroom 218 40.realr0ach 207 41.Dabs 200 42.600watt 197 43.TERA2 194 44.Hueristic 191 45.Ibian 188 46.bones261 184 47.Kylapoiss 180 48.Arriemoller 176 49.kingcolex 175 50.marcus_of_augustus 172 51.yefi 156 52.Wekkel 147 53.bitcoinPsycho 147 54.Cryptotourist 142 55.SuperTA 139 56.AlcoHoDL 133 57.toknormal 131 58.makrospex 131 59.StartupAnalyst 130 60.Spaceman_Spiff_Original 128 61.vapourminer 127 62.Anon136 121 63.Bitcoinaire 120 64.serveria.com 117 65.lightfoot 115 66.Gyrsur 110 67.BlindMayorBitcorn 107 68.kirreev070 107 69.BinaryReign 107 70.sirazimuth 105 71.Searing 104 72.explorer 97 73.Cryptoqueeen 97 74.somac. 93 75.STT 83 76.bkbirge 82 77.Majormax 80 78.LUCKMCFLY 80 79.DeathAngel 80 80.HI-TEC99 79 81.Totscha 73 82.cryptjh 68 83.pacman7331 66 84.bitebits 65 85.Olegya199 64 86.cannycassiopeia 64 87.conspirosphere.tk 63 88.nanobtc 59 89.theymos 59 90.Karartma1 59 91.crypmike 58 92.Ludwig Von 57 93.suchmoon 56 94.FractalUniverse 56 95.Dunkelheit667 55 96.strawbs 54 97.rolling 54 98.Samarkand 54 99.BitcoinNewsMagazine 54 100.P_Shep 53
TOP 100 WO MERIT SENDERS: 1.JayJuanGee 2910 2.BobLawblaw 2231 3.micgoossens 1978 4.LFC_Bitcoin 1406 5.infofront 1112 6.bones261 1078 7.Globb0 921 8.Last of the V8s 897 9.vapourminer 813 10.jbreher 778 11.xhomerx10 763 12.mindrust 746 13.HairyMaclairy 672 14.marcus_of_augustus 651 15.600watt 627 16.cAPSLOCK 592 17.Dabs 484 18.jojo69 449 19.Toxic2040 442 20.Paashaas 388 21.Torque 365 22.VB1001 350 23.Hueristic 346 24.d_eddie 321 25.QuestionAuthority 311 26.suchmoon 304 27.fillippone 281 28.kurious 263 29.yefi 258 30.bitserve 252 31.gentlemand 226 32.Ibian 211 33.BlindMayorBitcorn 209 34.Wekkel 209 35.ErisDiscordia 202 36.nutildah 194 37.kenzawak 191 38.bitebits 191 39.RoomBot 180 40.Raja_MBZ 179 41.Karartma1 179 42.Lambie Slayer 177 43.JimboToronto 174 44.Dunkelheit667 165 45.Gyrsur 159 46.explorer 155 47.Pamoldar 147 48.mfort312 145 49.ivomm 143 50.ssmc2 142 51.Icygreen 135 52.kingcolex 130 53.Majormax 127 54.Arriemoller 125 55.Biodom 122 56.goldkingcoiner 120 57.Searing 120 58.BTCMILLIONAIRE 118 59.JSRAW 117 60.Rosewater Foundation 116 61.edgar 115 62.P_Shep 106 63.lightfoot 105 64.PoolMinor 101 65.Phil_S 101 66.xyzzy099 99 67.sirazimuth 98 68.vroom 97 69.tonyq 87 70.julian071 86 71.DeathAngel 85 72.Kylapoiss 82 73.conspirosphere.tk 82 74.bitcoinPsycho 77 75.Elwar 76 76.criptix 73 77.RayX12 73 78.Cryptotourist 71 79.makrospex 66 80.SuperTA 63 81.StartupAnalyst 60 82.Wilhelm 59 83.serveria.com 58 84.AlcoHoDL 58 85.Bitcoinaire 57 86.Anon136 56 87.empowering 55 88.rolling 53 89.sammy007 50 90.Jayjay04 50 91.soullyG 49 92.FractalUniverse 48 93.STT 48 94.Totscha 48 95.somac. 46 96.mymenace 46 97.MrFreeRoMan 45 98.DaRude 45 99.bkbirge 44 100.Ludwig Von 44
TOP 100 MONTHLY WO RECEIVERS: 1.micgoossens 118 2.Last of the V8s 93 3.xhomerx10 92 4.Pamoldar 91 5.JayJuanGee 63 6.Icygreen 54 7.VB1001 49 8.infofront 48 9.LFC_Bitcoin 47 10.LUCKMCFLY 39 11.Raja_MBZ 38 12.BobLawblaw 35 13.JSRAW 33 14.Paashaas 31 15.Lambie Slayer 31 16.jojo69 29 17.nutildah 28 18.HairyMaclairy 26 19.makrospex 26 20.akhjob 23 21.fillippone 22 22.ivomm 21 23.sirazimuth 19 24.Globb0 18 25.AlcoHoDL 18 26.Hueristic 17 27.Gyrsur 17 28.somac. 16 29.kurious 15 30.becoin 14 31.Biodom 13 32.bitcoinPsycho 13 33.OROBTC 11 34.goldkingcoiner 10 35.vroom 10 36.Bossian 10 37.bitserve 8 38.mindrust 8 39.realr0ach 8 40.marcus_of_augustus 8 41.Wekkel 8 42.hnbdgr 8 43.mfort312 7 44.BTCMILLIONAIRE 7 45.Phil_S 7 46.Kylapoiss 7 47.Olegya199 7 48.Basorexia 7 49.Bitcoinaire 6 50.Searing 6 51.Majormax 6 52.P_Shep 6 53.Findingnemo 6 54.d_eddie 5 55.JimboToronto 5 56.Cryptotourist 5 57.Lauda 5 58.DireWolfM14 5 59.Elwar 4 60.SuperTA 4 61.bkbirge 4 62.DeathAngel 4 63.Negotiation 4 64.plasticAiredale 4 65.Torque 3 66.Arriemoller 3 67.lightfoot 3 68.Ludwig Von 3 69.FractalUniverse 3 70.rdbase 3 71.pereira4 3 72.OgNasty 3 73.th3nolo 3 74.~Money~ 3 75.cAPSLOCK 2 76.vapourminer 2 77.HI-TEC99 2 78.DaRude 2 79.soxxx 2 80.LoyceV 2 81.Fatman3001 2 82.Dotto 2 83.Alexander_Z 2 84.suspiciously square 2 85.golden-dragon 2 86.jbreher 1 87.yefi 1 88.toknormal 1 89.serveria.com 1 90.STT 1 91.bitebits 1 92.Dunkelheit667 1 93.RoomBot 1 94.gembitz 1 95.D. Lerk 1 96.smartcomet 1 97.Saint-loup 1 98.wachtwoord 1 99._javi_ 1 100.SidETH 1
TOP 100 MONTHLY WO SENDERS: 1.micgoossens 180 2.BobLawblaw 133 3.JayJuanGee 131 4.LFC_Bitcoin 92 5.Globb0 68 6.suchmoon 63 7.fillippone 58 8.infofront 50 9.marcus_of_augustus 49 10.Last of the V8s 44 11.VB1001 36 12.vapourminer 34 13.mindrust 31 14.xhomerx10 29 15.Paashaas 27 16.Hueristic 25 17.Icygreen 23 18.kurious 22 19.jbreher 19 20.LUCKMCFLY 19 21.OROBTC 18 22.jojo69 15 23.Lambie Slayer 15 24.nutildah 14 25.makrospex 14 26.Olegya199 14 27.Lauda 12 28.Findingnemo 12 29.Pamoldar 11 30.ivomm 10 31.Majormax 10 32.JSRAW 10 33.Torque 9 34.vroom 9 35.Dabs 8 36.Raja_MBZ 8 37.P_Shep 8 38.bones261 7 39.bitcoinPsycho 7 40.somac. 7 41.Gyrsur 6 42.DeathAngel 6 43.600watt 5 44.cAPSLOCK 5 45.Biodom 5 46.AlcoHoDL 5 47.psycodad 5 48.HairyMaclairy 4 49.bitserve 4 50.goldkingcoiner 4 51.Phil_S 4 52.Bitcoinaire 4 53.Wekkel 3 54.Arriemoller 3 55.sirazimuth 3 56.Cryptotourist 3 57.bitmover 3 58.DireWolfM14 3 59.tmfp 3 60.Bossian 3 61.JimboToronto 2 62.ssmc2 2 63.Searing 2 64.lightfoot 2 65.SuperTA 2 66.Totscha 2 67.bkbirge 2 68.LoyceV 2 69.HI-TEC99 2 70.kaicrypzen 2 71.chimk 2 72.th3nolo 2 73.whiteboy420 2 74.gentlemand 1 75.bitebits 1 76.Dunkelheit667 1 77.Elwar 1 78.serveria.com 1 79.fabiorem 1 80.rdbase 1 81.smartcomet 1 82.Negotiation 1 83.BayAreaCoins 1 84.Traxo 1 85.akhjob 1 86.btcbeliever 1 87.plasticAiredale 1 88.WastedLTC 1 89.gwaur 1 90.Alexander_Z 1 91.nc50lc 1 92.Hyperjacked 1 93.heslo 1 94.daladno12 1 95.irsykes 1 96.log2exp 1 97.josegines 1 98.Dalmar 1 99.Fci_2 1 100.pressnegl 1
MONTHLY sMERITS BALANCE SMerits Balance=Received Merits/2-Sent Merits
Positive Balance means an user has been increasing sMerits on the WO thread, while negative numbers means the users has sent more merits on WO than received. Negative numbers are possible or because he has been generous this week because he has been greedy past weeks (so only temporary imbalance), or because he has hoarded sMerits on other threads spending them on WO thread, or because he's a merit source. TOP 20 MONTHLY NET RECEIVERS 1.Pamoldar 34.5 2.xhomerx10 17 3.Raja_MBZ 11 4.akhjob 10.5 5.HairyMaclairy 9 6.sirazimuth 6.5 7.JSRAW 6.5 8.realr0ach 4 9.Icygreen 4 10.AlcoHoDL 4 11.mfort312 3.5 12.Kylapoiss 3.5 13.BTCMILLIONAIRE 3.5 14.hnbdgr 3 15.Last of the V8s 2.5 16.Gyrsur 2.5 17.d_eddie 2.5 18.Bossian 2 19.pereira4 1.5 20.OgNasty 1.5
TOP 20 MONTHLY WO NET SENDERS 1.micgoossens -121 2.BobLawblaw -115.5 3.JayJuanGee -99.5 4.LFC_Bitcoin -68.5 5.suchmoon -63 6.Globb0 -59 7.fillippone -47 8.marcus_of_augustus -45 9.vapourminer -33 10.mindrust -27 11.infofront -26 12.jbreher -18.5 13.Hueristic -16.5 14.kurious -14.5 15.OROBTC -12.5 16.VB1001 -11.5 17.Paashaas -11.5 18.Olegya199 -10.5 19.Lauda -9.5 20.Findingnemo -9
Well the merit circulation pump we saw all over the forum had not so big impact here on the WO thread. Mic is back at the top of the charts, and his name is all over the Place! Also nice to see a continuing increase of new merited members! Still fixing glitches here and there, I am using this to getting better at data management (errors are mine).
|
|
|
|
vroom
Legendary
Offline
Activity: 1308
Merit: 1741
a Cray can run an endless loop in under 4 hours
|
|
|
|
|
akhjob
|
|
December 09, 2019, 08:23:26 AM |
|
-snip- TOP 100 MONTHLY WO RECEIVERS: 1.micgoossens 118 2.Last of the V8s 93 3.xhomerx10 92 4.Pamoldar 91 5.JayJuanGee 63 6.Icygreen 54 7.VB1001 49 8.infofront 48 9.LFC_Bitcoin 47 10.LUCKMCFLY 39 11.Raja_MBZ 38 12.BobLawblaw 35 13.JSRAW 33 14.Paashaas 31 15.Lambie Slayer 31 16.jojo69 29 17.nutildah 28 18.HairyMaclairy 26 19.makrospex 26 20.akhjob 23 -snip-
-snip- Nice to see that I'm in the top 20 merit receivers list
|
|
|
|
Last of the V8s
Legendary
Offline
Activity: 1652
Merit: 4392
Be a bank
|
|
December 09, 2019, 09:00:40 AM Merited by BobLawblaw (1) |
|
|
|
|
|
AlcoHoDL
Legendary
Offline
Activity: 2534
Merit: 4699
Addicted to HoDLing!
|
|
December 09, 2019, 09:41:20 AM |
|
EPSTIEN... LOL!
|
|
|
|
MERlT
Member
Offline
Activity: 162
Merit: 32
|
|
December 09, 2019, 10:12:50 AM |
|
EPSTIEN... LOL! Looks like they're trying to cover it up!
|
|
|
|
El duderino_
Legendary
Offline
Activity: 2674
Merit: 13157
BTC + Crossfit, living life.
|
|
December 09, 2019, 10:14:44 AM |
|
|
|
|
|
Bossian
Member
Offline
Activity: 450
Merit: 59
|
|
December 09, 2019, 11:01:52 AM |
|
BTC/USD Long/Short Ratio 84:15 % of supply long:short 0.21:0.037 Long Daily Charge $37,883 Short Daily Charge 0.32568 BTC Total Long 37,880 ($285,020,484) Funded Longs $126,276,811 Total Short 6,743 ($50,736,355) Funded Shorts 4,587 BTC closed my long because its the most crowded trade on the internet. went short @7580$ feeling not so confident (tight stops) https://www.tradingview.com/x/lTknVaPhGood move. But don't forget to buy again at 6k-ish as there will be another bounce back and this time it should be higher than 7.7k range. Bitcoin is the revolutionized currency, Believe it or not!
It was revolutionary since the beginning in 2009. Or even earlier (Hal Finney work in 2004, etc.).
|
|
|
|
jupiter9
Member
Offline
Activity: 165
Merit: 10
|
|
December 09, 2019, 11:09:21 AM |
|
I should really check what this Gann theory is about. Looks like its another fancy way of fortune telling.
It really is. The TA guy I co-write on a website with loves it because you can make anything say anything using Gann. I mean, that's not how he would put it, but crypto traders love a good tea leaf reading, and Gann is great for that. Here's an excerpt from a short article he wrote on 1440 day cycles and how the apply to bitcoin. Gann was big on cycles. He was big on numbers. Specific numbers were significant to his analysis. Many of his numbers are Biblical, due to Gann’s staunch faith. It is no surprise that he placed considerable emphasis on the numbers 7, 9, 12, and 144 (there are others). So it should be no surprise that, so far, the number 1440 is of extreme importance. Why? Let’s look.
February 6th, 2010 – the first official Bitcoin exchange is launched. Why do I use this date as a starting point and not Bitcon’s white-paper date, genesis block date, or anything else before February 2010? Because in all of Gann’s work, when analyzing market cycles, the stock exchanges and their ‘birthday’ are used.
Fast forward 1440-days (the actual number is 1,396), and we get Bitcoin’s first important and significant all-time high around December 5th, 2013 – the Mt. Gox high.
From the Mt. Gox high in 2013, fast forward another 1440 (actually 1467) days to the current all-time high for Bitcoin on December 17th, 2017.
1440-days from December 17th, 2017? November 28th, 2021. I like this thread a lot, there's some interesting stuff in here, should probably check in more often. Do you know what happens on the eleventh and 12th year? I could only find for the 1-10 year cycle.
|
|
|
|
|
AlcoHoDL
Legendary
Offline
Activity: 2534
Merit: 4699
Addicted to HoDLing!
|
|
December 09, 2019, 11:38:09 AM |
|
11 = 3
True. As are the following: 11 = 9 11 = 13 11 = 17 11 = 21 11 = 1001 11 = 1011 11 = 10001 The possibilities are endless... I only see 11.... wow nice stash 11 = 11 BTC11 BTC = 11 BTC, in any system, and that's what counts. Nice stash indeed! Those who own 11 BTC ( in base-10 or above in any base) will soon be set for life.
|
|
|
|
JayJuanGee
Legendary
Offline
Activity: 3878
Merit: 11087
Self-Custody is a right. Say no to"Non-custodial"
|
|
December 09, 2019, 12:33:29 PM |
|
BTC/USD Long/Short Ratio 84:15 % of supply long:short 0.21:0.037 Long Daily Charge $37,883 Short Daily Charge 0.32568 BTC Total Long 37,880 ($285,020,484) Funded Longs $126,276,811 Total Short 6,743 ($50,736,355) Funded Shorts 4,587 BTC closed my long because its the most crowded trade on the internet. went short @7580$ feeling not so confident (tight stops) https://www.tradingview.com/x/lTknVaPhGood move. But don't forget to buy again at 6k-ish as there will be another bounce back and this time it should be higher than 7.7k range. In terms of short term BTC price predictions, I would not rule out up, even though down or sideways could be correct outcomes, at least in the short to medium term, but if you don't have any coins and you are thinking about investing, what do you do? Wait to buy? What if you have some bitcoins, but you are nervous about the short term price? Do you hold or do you sell and wait to buy back lower? Currently, BTC price is bounce/floating between about $7,300 to $7,600, I am not going to get too excited regarding short-term BTC price moves unless there is a break below $6,700 or a break above $8.2k. Furthermore, I continue to sense overexuberance in the alt coin space, so even though i sense that there could be somewhat of an altcoin season that comes sometime in the future that goes up along with BTC, there likely remains a lot of froth that can be purged from that space, and if it is purged, it might cause some continued downward pressures on BTC. Nonetheless, those kinds of short term uncertainties about BTC price and even concerns about various froth in the space that goes beyond bitcoin to some degree don't really say much at all about ongoing and decently strong BTC fundamentals, that can cause sporadic upbursts in BTC price from time to time. Will we see such sporadic upbursts in BTC price in the near future, could be, and I would hate to be a fence-sitter or take the wrong side of a bet during such possible upsurge happenings, but hey each of us have to make our own choices regarding what actions might be prudent in terms of BTC holdings.
|
|
|
|
|