Topic: Nights Watch by Afrikoin - page 21. (Read 303329 times)

Do I know you? I know someone with basically this same chart.

Will happen for sure!

With all these mainstream pumpers, how can it not

Bitcoin Going Main Stream - Crazy News Coverage today!

https://steemit.com/news/@generation.easy/bitcoin-going-main-stream-crazy-news-coverage-today

Just remember that I posted this when it happens.

https://www.tradingview.com/x/z2AxKKJL/

The Mainstreamization of CryptoCurrencies

https://steemit.com/cryptocurrency/@michaelkimani/the-mainstreamization-of-cryptocurrencies

ARticle on legality of Bitcoin, cryptocurrencies and virtual currencies as per Central Bank of Kenya

Kenya: Africa’s True Cradle of Cryptocurrency

https://bitcoin-lawyer.org/bitcoin-legal-resources/bitcoin-in-africa-kenya/

Hey Windy,
Nice to see an old 'face' after so many years.

Thanks for the explanation; I am familiar with the ML thread although didn't realise it was based on log.

You take care out there

Log is more accurate at showing growth as %.  Historically the log charts show a much more consistent price for bitcoin.

For instance the current price is less than 4x the 2013 ATHs. That's not a lot %wise historically. However when you look at the monthly linear chart that Afrikoin posted it leaves the impression that btc is in some ridiculous bubble.

The log charts say we are at the equivalent bubble area of pre April 2013.

I'd recommend you look at the MasterLuc thread. He has a 5 year track record of accurately predicting price using log charts.

could you explain why you believe log rather linear scale would make such a significant difference?

Something strange is happening with EOS - Programmer explains


+1

I bought into BTC at 4$ and when it first went to 100$ my friend told me like a little smartass "if history was anything to compare with then now would be a good time to sell". Then bitcoin went to 270$. I guess my friend is forever butthurt for his dumbass advice which I obviously didn't take.

I will tell you one fact I have learned over the years trading Bitcoin: All traders that were using linear instead of log scale were burned big time and left behind long time ago... Just saying.

If you think this cryptocurrency mania is healthy and just part of the price discovery process, maybe zoom out a bit...

https://twitter.com/CryptoEthan/status/897630967342407680

4 Reason why EOS is the Ethereum Killer https://cryptovest.com/education/eos-vs-ethereum-comparison/

You forgot answer 5 in the poll: "There will be no correction at $5000"

New Poll!


 

Its Goldman again!

http://www.plive.co.ke/bi/finance/finance-goldman-sachs-heres-when-well-know-bitcoins-top-is-in-id7144242.html

Bitcoin is experiencing a monster rally. It has gained more than 15% since Friday's close, topping $4,000, $4,100, and $4,200 for the first time before putting in a high of $4,216 a coin on Monday morning.
But that's only part of bitcoin's recent success. The cryptocurrency has seen huge gains since the August 1 fork that split it in two. Since bottoming at $2,643 a coin the day of the split, bitcoin has exploded by 57%, and it is now up 335% in 2017.
Sheba Jafari, the head of technical strategy at Goldman Sachs, wrote in a note sent to clients on Sunday that because bitcoin was approaching her target of $3,691 (which it has since passed), an extension wave five of this move could take bitcoin all the way up $4,827 before a correction pushes it all the way down to about $2,221.
Jafari isn't the only one who sees bitcoin approaching the $5,000 level. Arthur Hayes, the CEO of BitMEX, a bitcoin derivative exchange, expressed that view to Business Insider after last week's implementation of Segregated Witness, or SegWit, a software update designed to improve the coin's scalability and make it faster to process more transactions. "With Segwit implemented, I believe $5,000 bitcoin is within striking distance," he said.
Bitcoin enthusiasts, however, shouldn't get too excited about the big move up. Jafari warns that the gains are unlikely to last. She sees a drop of as much as 38.2% once the fifth wave is completed. That would mean a move back below $3,000.
"At this point, Bitcoin would have to move back under 2,935 (Jul. 21st high/top of wave 1/V) to signal that a top is already in place," Jafari wrote.

Its massive, it won't fail to drive this bullish run not much resistance in sight. By the way nice thread you have here

have to think on log scale