I mean, look at it - 5 waves down always. Fractals within fractals
Topic: Nights Watch by Afrikoin - page 169. (Read 303329 times)
This correction theory looks legit. Maybe not now when everyone (almost) believes we're on the verge of next bull run.
I mean, look at it - 5 waves down always. Fractals within fractals
I mean, look at it - 5 waves down always. Fractals within fractals
Thankfully Berkshire Hathaway stock has already given us a great example of exactly how an asset can go from being worth $14 each to over $200,000 each throughout the course of several decades.
It's conceivable that Bitcoin could make the very same journey, and might even make it faster.
Here's that same chart in linear format. If it looks familiar, that's because it heavily resembles Bitcoin's own violent and exponential movements upward, followed by subsequent periods of consolidation.
You are not considering the exponential acceleration of technological results (and Bitcoin being a medium of that acceleration). You are also not considering that BRK was primarily an American asset which most of humanity could not partake in. Bitcoin's ascent will be much more rapid.
Consider that it took 20 years for BRK to go from inception to $400.
Bitcoin did that in six.
So, at our current velocity, you can safely assume that every decade on this chart represents a three year period.. Hold onto your butts.
It's conceivable that Bitcoin could make the very same journey, and might even make it faster.
Here's that same chart in linear format. If it looks familiar, that's because it heavily resembles Bitcoin's own violent and exponential movements upward, followed by subsequent periods of consolidation.
yeah ok it's possible, but look at the time frame, that stock required 50 years to achieve that result, and in the last 3 years the value just doubled
so bitcoin need tiem for that, in the next halving you can expect a 2x value as a stable one with some major peak
so bitcoin need tiem for that, in the next halving you can expect a 2x value as a stable one with some major peak
You are not considering the exponential acceleration of technological results (and Bitcoin being a medium of that acceleration). You are also not considering that BRK was primarily an American asset which most of humanity could not partake in. Bitcoin's ascent will be much more rapid.
Consider that it took 20 years for BRK to go from inception to $400.
Bitcoin did that in six.
So, at our current velocity, you can safely assume that every decade on this chart represents a three year period.. Hold onto your butts.
Similar to my earlier post, might as well look at the recent litecoin halving too
Litecoin had its first halving on 25 August 2015
https://www.coingecko.com/buzz/litecoin-first-block-reward-halving
Marked here with this orange vertical line on a chart of litecoin versus US$
This is quite different to the first bitcoin halving but in both cases there has been what looks like a large speculative bubble followed by higher price afterwards.
In Litecoin's halving the bubble peaked before the actual halving date and was not enough to approach all time highs in litecoin. Although litecoin normally has its own all time highs roughly in sync with bitcoins movements, this halving occuring at a time when litecoin was already at a very depressed price and bitcoin is still well below its own all time high.
But the essence of my idea remains that the halving may induce a bubble as part of the price discovery mechanism.
Litecoin had its first halving on 25 August 2015
https://www.coingecko.com/buzz/litecoin-first-block-reward-halving
Marked here with this orange vertical line on a chart of litecoin versus US$
This is quite different to the first bitcoin halving but in both cases there has been what looks like a large speculative bubble followed by higher price afterwards.
In Litecoin's halving the bubble peaked before the actual halving date and was not enough to approach all time highs in litecoin. Although litecoin normally has its own all time highs roughly in sync with bitcoins movements, this halving occuring at a time when litecoin was already at a very depressed price and bitcoin is still well below its own all time high.
But the essence of my idea remains that the halving may induce a bubble as part of the price discovery mechanism.
For Kyle Bass This Is "The Greatest Investment Opportunity Right Now"
http://www.zerohedge.com/news/2016-01-04/kyle-bass-greatest-investment-opportunity-right-now
http://www.zerohedge.com/news/2016-01-04/kyle-bass-greatest-investment-opportunity-right-now
I get puzzled by numerous comments I have seen here and on other threads stating that nothing happened on the last halving!!!! My memory was that bitcoin went wildly bullish during the last halving. In order to remind myself which version is right and satisfy my curiosity I decided to look it up.
The last halving was on 28th Nov 2012 when block reward halved from 50 btc to 25 btc
http://www.prlog.org/12032578-bitcoin-community-celebrates-halving-day.html
I've marked that event on this chart with this orange vertical line
edit: Improved chart
OK it didnt go boom and do a price doubling on that exact day but really look at the price how it was rising to unfathomable new highs just afterwards.
This looks like a massive speculative bubble followed by correction and only eventually after a long time true price starting to be known.
I think next halving is not priced in but again most likely there will be a huge speculative bubble.
Litecoin was similar recently except the speculative bubble was sooner.
My conclusion is that we are likely on the cusp of another huge speculative bubble. Only much later after bubble has deflated will new bitcoin supply be truely priced in.
The last halving was on 28th Nov 2012 when block reward halved from 50 btc to 25 btc
http://www.prlog.org/12032578-bitcoin-community-celebrates-halving-day.html
I've marked that event on this chart with this orange vertical line
edit: Improved chart
OK it didnt go boom and do a price doubling on that exact day but really look at the price how it was rising to unfathomable new highs just afterwards.
This looks like a massive speculative bubble followed by correction and only eventually after a long time true price starting to be known.
I think next halving is not priced in but again most likely there will be a huge speculative bubble.
Litecoin was similar recently except the speculative bubble was sooner.
My conclusion is that we are likely on the cusp of another huge speculative bubble. Only much later after bubble has deflated will new bitcoin supply be truely priced in.
Strong buy and sell signals on the simple moving average (12h):
The latest uptrend was from ~325 (open) till ~450 (close); +38%.
The selling is going slower than what I initially expected.
However, I am confident that we will see lower prices again.
(BITCOIN PRICE INDEX $426.42)
The latest uptrend was from ~325 (open) till ~450 (close); +38%.
The selling is going slower than what I initially expected.
However, I am confident that we will see lower prices again.
(BITCOIN PRICE INDEX $426.42)
Shots Fired!
Reality Check by Tim Swanson
Actual Title: A proxy for users
http://www.ofnumbers.com/2016/01/03/a-proxy-for-users/
Reality Check by Tim Swanson
Actual Title: A proxy for users
http://www.ofnumbers.com/2016/01/03/a-proxy-for-users/
Hyperbitcoinization
Daniel Krawisz
March 29, 2014
http://nakamotoinstitute.org/mempool/hyperbitcoinization/#selection-7.6-17.25
Daniel Krawisz
March 29, 2014
http://nakamotoinstitute.org/mempool/hyperbitcoinization/#selection-7.6-17.25
Switzerland signs deal to end banking secrecy
By John Manning
http://internationalbanker.com/banking/switzerland-signs-deal-to-end-banking-secrecy/
By John Manning
http://internationalbanker.com/banking/switzerland-signs-deal-to-end-banking-secrecy/
That's a lot of money that will be looking for alternative solutions for wealth storage
my thoughts exactly! in the trillions
The billionaires of the world aren't stupid enough to trust any one haven whether it's Costa Rica, Belize, Switzerland, or St. Kitts and Nevis. They put a few million in one corporate bank account in one country and then a few million in another corporate bank account in another country. As long as at least one jurisdiction is left standing, then they stay rich. They expect havens to fail every now and then just like bitcoiners expect exchanges to fail every now and then. The opportunity is not for crypto to take over the world's offshore game but just to be considered yet another safe haven to diversify into.
https://www.reddit.com/r/Bitcoin/comments/3z5i9i/switzerland_signs_deal_to_end_banking_secrecy/cyjmefw
Switzerland signs deal to end banking secrecy
By John Manning
http://internationalbanker.com/banking/switzerland-signs-deal-to-end-banking-secrecy/
By John Manning
http://internationalbanker.com/banking/switzerland-signs-deal-to-end-banking-secrecy/
That's a lot of money that will be looking for alternative solutions for wealth storage
my thoughts exactly! in the trillions
Switzerland signs deal to end banking secrecy
By John Manning
http://internationalbanker.com/banking/switzerland-signs-deal-to-end-banking-secrecy/
By John Manning
http://internationalbanker.com/banking/switzerland-signs-deal-to-end-banking-secrecy/
That's a lot of money that will be looking for alternative solutions for wealth storage
Switzerland signs deal to end banking secrecy
By John Manning
http://internationalbanker.com/banking/switzerland-signs-deal-to-end-banking-secrecy/
By John Manning
http://internationalbanker.com/banking/switzerland-signs-deal-to-end-banking-secrecy/
i have to agree with Mat, this is a rather obvious sell signal, i think the only question is how low will it go, and how long it will stay low.
I'm thinking 390-360 is a buy and > 400 is a sell, for now anyway...
I wouldn't be surprised to see 333$ again, my lines say 333$ is the floor of this bull trend, but i won't hold my breath waiting to hit the floor. ( i fully expect the trend to hold )
i'll also point out a bearish pattern in the short term.
my guess is we're ready for another drop right about now.
and here is how i come to 333$ for my floor.
I'm thinking 390-360 is a buy and > 400 is a sell, for now anyway...
I wouldn't be surprised to see 333$ again, my lines say 333$ is the floor of this bull trend, but i won't hold my breath waiting to hit the floor. ( i fully expect the trend to hold )
i'll also point out a bearish pattern in the short term.
my guess is we're ready for another drop right about now.
and here is how i come to 333$ for my floor.
https://www.tradingview.com/x/pIS9jUMv/
See that big massive purple M. That is a big massive confirmed bear M, and if you like, also a double top to the $502 high. Such bearish market structure is not to be ignored. Don't allowed yourself to buy into any of the retarded bull talk on this forum. This is not a buying opportunity, unless you are an ace day trader who knows precisely when you are gonna dump your BTC. Trend is your Friend. Weekly Chart is still a bull, but fuck trading of the weekly trend. come in a bit closer and things looking a bit less rosy, and certainly the 4Hr trend is firmly bear.
Trend is bear, Daily mom are (were) maxed out, and will now be looking to give the floor some more attention, and that Big M is a very strong market signal telling you all you need to know about what lies ahead for this market.
When/If BTC hits the Red Box, then start looking for shorts......this will be easier said than done, as I imagine when/if BTC gets up there, Pro Traders will be over it like a rash, and shorting the fuck out of BTC. and more cautious/less skilled traders will be unlikely to get the market structure that we like, in the trade location that we like.
See that big massive purple M. That is a big massive confirmed bear M, and if you like, also a double top to the $502 high. Such bearish market structure is not to be ignored. Don't allowed yourself to buy into any of the retarded bull talk on this forum. This is not a buying opportunity, unless you are an ace day trader who knows precisely when you are gonna dump your BTC. Trend is your Friend. Weekly Chart is still a bull, but fuck trading of the weekly trend. come in a bit closer and things looking a bit less rosy, and certainly the 4Hr trend is firmly bear.
Trend is bear, Daily mom are (were) maxed out, and will now be looking to give the floor some more attention, and that Big M is a very strong market signal telling you all you need to know about what lies ahead for this market.
When/If BTC hits the Red Box, then start looking for shorts......this will be easier said than done, as I imagine when/if BTC gets up there, Pro Traders will be over it like a rash, and shorting the fuck out of BTC. and more cautious/less skilled traders will be unlikely to get the market structure that we like, in the trade location that we like.
Trend is your friend, correct. The trend since January is up. Short term there may be some losses, but shorting this close to halving could be disastrous. Good luck!!!
Lightning Network Skepticism
https://chrispacia.wordpress.com/2015/12/23/lightning-network-skepticism/
Discussion of same on hacker news
https://news.ycombinator.com/item?id=10788550
https://chrispacia.wordpress.com/2015/12/23/lightning-network-skepticism/
Discussion of same on hacker news
https://news.ycombinator.com/item?id=10788550
TL;DR
A couple of ignorant trolls are having trouble understanding how Lightning Network operates and therefore propose it's broken.
Lightning Network Skepticism
https://chrispacia.wordpress.com/2015/12/23/lightning-network-skepticism/
Discussion of same on hacker news
https://news.ycombinator.com/item?id=10788550
https://chrispacia.wordpress.com/2015/12/23/lightning-network-skepticism/
Discussion of same on hacker news
https://news.ycombinator.com/item?id=10788550
TL;DR
A couple of ignorant trolls are having trouble understanding how Lightning Network operates and therefore propose it's broken.
Lightning Network Skepticism
https://chrispacia.wordpress.com/2015/12/23/lightning-network-skepticism/
Discussion of same on hacker news
https://news.ycombinator.com/item?id=10788550
https://chrispacia.wordpress.com/2015/12/23/lightning-network-skepticism/
Discussion of same on hacker news
https://news.ycombinator.com/item?id=10788550
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