Topic: Long term bitcoin trading viewing - page 4. (Read 1082 times)

Good stuff OP! But I was under the impression that China is losing more and more of its love for Tether -- given that the past 2/3 years alone we've seen scores and scores of stablecoins come out exactly from China (I can't actually name one now but give me a list and I'll recognise a few I'm sure!).

As you say, Tether was popular (is still) because it allowed people to speculate, but at some point, we'll probably not be able to correlate Tether to BTC anymore, once (if) those alternative stablecoins gain traction. I think, judging from chatter, DAI, for example, is making a strong argument for displacing Tether in some circles.

Thank you for sharing your perspective!

Your volatility graph is an eye-opener. It supports the notion that the January-June rally was impulsive in nature, while the June-December pullback was corrective.


Where does this data come from? It looks like USDT is disproportionately large.


How is the USDT index calculated? You're saying it indicates market confidence? I see it's been rising inverse to price for the last 4-5 days. Do you interpret that as a bullish signal?

Yes, bitcoin will be more profitable if you make long-term investments because bitcoin will always give good results in the long run and the most important thing is to have strong patience when bitcoin decreases.
and we will see bitcoin next year about increasing bitcoin according to the predictions of all those who reach the highest price in 2020.

that's why bitcoin isn't worth investing in the short term because it will pump the heart beating all the time, especially when the market bleeds like it is today, but I'm waiting for what will happen next year as many people say next year is the right year both for bitcoin and others, I believe 2020 is the right time for everything to develop again

I also have a trend prediction just like you. because bitcoin is losing its downtrend and is starting a new uptrend. there will be subsequent adjustments but don't worry too much, things will stabilize again and start growing at the beginning of 2020. I'm pretty sure about this prediction because you know, events The halving is also coming and Ethereum 2.0 is coming soon. And this is definitely a good time for sharks to pump money into the crypto market to grow again.

BTC inflows
We always think, inflows is the most important index.According to our data, we can see  Bitcoin's inflows still optimistic. After 25/9 , Bitcoin always keeping inflows, that's not bad, so we can keep expecting. Markets need a 'cardiotonic'




Lets talk about usdt
Chinese people like usdt, 90% of USDT OTC trading happened in China. Exchanges were banned , usdt is the only way for chinese people to join in the crypto trading. From usdt index , we can see how is the market confidence by chinese people. USDT OTC trading will cause positive or negative premium, when we can see USDT is postive premium in a cycle time,it means peoples shows their confidence for market.



Volatility(60days)
Our data machine shows, the bitcoin price volatility be in a low level just like january 2019. Low level volatility is meaning markets are fixing. when market fixed , it will show the side he want to go. We calculated the volatility by using a weighted average of the volatility of bitcoin price in 60days, it will cause very low error, hope it can help you.



Bitcoin in 2020
Our data machine told us everything is all right, although bitcoin seems going down in these days. Global central bank negative interest rate, Political instability, halve production of bitcoin , we still can see the postive index of bitcoin, Markets need a 'cardiotonic' . So i believe we will see bitcoin with a nice price in 2020.