Bitcoin Thread

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Slootvreter

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kfc4unme said:
I don't see how stating that is could be a 1000 dollars in April is trolling. It's realistic in my opinion.
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That is not trolling. You need to read the whole thread. Yawn.

As for a realistic prediction... His prediction is no longer April, but the entire year. Lol
 
kfc4unme

kfc4unme

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Slootvreter said:
That is not trolling. You need to read the whole thread. Yawn.

As for a realistic prediction... His prediction is no longer April, but the entire year. Lol
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Yeah sorry, maybe I should get full context before opening my mouth. I keep doing this in general
 
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dude007

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I do not know why Biometrics is saying that BTC will be $1k in April, or sometime this year. He is probably right, if he based his prediction on fundamental analysis methods, like hype-cycle analysis, Metcalfe network valuation, etc. Heck, even technical analysis (and we know TA is akin to astrology) predicts a 2k level. The reason CC is crashing, is simply that CC is not living up to the hyped-up expectations. It has to deliver more value before we see real support levels again. Also, the herd is no longer supporting CC; most of them were burnt when the bubble burst in December. Not that the herd ever cared about CC.

My prediction is that all/most of the gains of 2017 will be undone as the CC hype-bubble deflates further. This process will still take a few months. During that time there will still be sporadic bull rallies, but the basic trend will be downwards. Many of the thousands of CCs will not survive this process. Even BTC may fall by the wayside. Better implementations of CC (and other blockchain applications) will ultimately prevail.
 
Swa

Swa

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manicminer said:
Immutability of Blockchain can be a bad thing...
http://fortune.com/2018/03/20/bitcoin-price-blockchain-child-porn-ban-crime/

How do you deal with this? And what does it mean for individuals and businesses as a ledger node / distributor if you're keeping copies of illegal material and distributing it? More importantly, what is the solution?
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You don't. It's a storm in a teacup really. It was only one file and a few hundred links so the actual problem is the content being out there already. You can also only store a few bytes so it will take many unorganised transactions for one small file and you'd need to know where to look and how to put it together. But if it really becomes a problem there's the option of clients that discard the extra data from the blockchain.
 
Swa

Swa

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Why Bitcoin's 'Death Cross' May Be a Bear Trap

Bitcoin risks entering a technical "death cross" soon, but the bearish signal will likely not be as severe as has been made out in reports.

A death cross occurs when the 50-day moving average (MA) cuts the 200-day MA from above (bearish crossover), indicating a long-term bear market going forward. As seen on the bitcoin daily chart below, the 50-day MA looks set to dip below the 200-day MA imminently.

Daily chart
daily-btc.png

Some strategists are saying that the death cross could yield a big sell-off in BTC, possibly to as low as $2,800, a level last seen in September 2017. However, such fears are likely overstated, as the crossover tends to work as a contrarian indicator - that is, they tend to occur at the end of a big bear move, with prices rallying soon after.
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https://www.coindesk.com/why-bitcoins-death-cross-may-become-a-bear-trap/
 
Sinbad

Sinbad

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Saying Bitcoin will go to the moon because of the future of Blockchain is like saying a g-wizz will be worth billions because of the future of electric cars.

Conflating product with technology...
 
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Slootvreter

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Sinbad said:
Saying Bitcoin will go to the moon because of the future of Blockchain is like saying a g-wizz will be worth billions because of the future of electric cars.

Conflating product with technology...
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I suppose going to the moon is different for each of us. If I made a 500% "profit", that's moon enough for me! But yes, I'm getting tired of the crypto buzzwords.
 
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*SynergyX*

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SaiyanZ said:
Shorts are at an all time high. Seems like many are betting on BTC going down from $7.4k.

https://www.tradingview.com/symbols/BTCUSDSHORTS/
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i am almost 99% certain the repeating pattern pushing up from 6.4k are algo pumps use the liquidate shorts.
volume is way to low on the daily to consider this to be any sort of reversal.

next dump is going to be super hard... may be the final blow down below 5.8k

Edit - also the daily is potentially bear flagging nicely for the above mentioned dump:D
 
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