Topic: The CryptoCurrency Avalanche Is Coming (Read 524 times)

But how can we be sure this so called heralding of bitcoin will be coming?
The current markets paint a different scenario right now. 

It is testing those with weak hands.

I'm pretty sure that those people looking for information would be interested by avalanche. But, then again, we can't really blame the cryptocurrencies since they are giving the benefits they can provide.

I agree with this, derivative doesn't have connections with Bitcoin, am i getting it right? CME's Bitcoin Futures will not give any good thing to the real crypto-Bitcoin World. Futures is for whales who wants to manipulate Bitcoin's price or get the benefit of Bitcoin e.g. world wide investors with a lot of money flowing on it, This should be a warning for all of us, Bitcoin is much more volatile now.

one of the main things that i have noticed about bitcoin is that so many people are denying its power and potential. you can see one clear example of it in this topic by "bitfools" who has missed the chance to buy bitcoin and instead sold in the dip in fear.

what  this means is that bitcoin continued rising with its normal rising speed based on its real adoption and all those fools stand on the side and watch it grow.
at some point when they see it grown too big and adopted everywhere with mainstream adoption and media talking about it nonstop (probably at $50,000-$80,000) they will start waking up and run to buy it. which causes that "Avalanche" that OP is saying (although wrong term for it IMO) and help the price to shoot up to $150,000 in less than a week.

It was bound to happen someday, this would be the next gold rush. Probably we should call this the bitcoin rush. People will not fight leg and limb for bitcoins now and we can see this in the price already. People are trying to buy it even at very expensive prices right now because I think they believe that prices will definitely go up in the near future. Maybe even what McAfee is saying would come true by 2020. $1,000,000 might not just be a dream.

All this has killed the prospect of Bitcoin being a currency in my opinion. It will become a store of wealth, and trading coins can use it as  PoS, or sidechains can be used for general trading, but the underlying true Bitcoin blockchain can never support the widespead use as a payment system.

That time will come soon as Bitcoin is raging thunder in the market right now. Almost every media has Bitcoin's attention and the time will come soon when every vendor will start accepting BTC as a payment. Bitcoin does have the traffic and high fees issues now but I really don't think they will alst longer since the lightning network is going to be established soon. I suppose it will solve the network traffic and high fee issues. After the issues have been settled the next step for BTC will be being accepted as a source of payment in the masses.
I don't know about the futures trading since I am not much into it but quite a lot of people are buying BTC these days and even if a crash/dump/correction occurs there are thousand in the queue to buy them at a cheap rate. Feeling optimistic too

PPL just don't understand what an avalanche is, its like a 'bomb' that is detonated by a shock.

The bigger BTC get's, the worst the effect of the avalanche,

100's of 1,000's of people have their wealth wiped out, ...

Everything is there for an avalanche the whales, the stupid newbs, and the conditions are ripe, all that is needed is the 'SHOCK', and BTC shocks happen every week, but they are always ignored and down-played,

We just need a HUGE mt-Gox that kills 10k newbs and then BTC will be an avalanche and the entire mountain side of wet snow laying on ice will come sliding donw.

Futures is only for the whales so they can dump their BTC, and buy insurance to cover the drop in price with 'shorts'

Anybody else than whales that buys futures, will lose their ass.

Serious ppl who day-trade BTC, will continue to buy the real thing

Futures are a 'derivative', meaning that they have NOTHING to do with the real-thing

Disagree, most of the effect of the futures will occur before xmas, whales want out, the problem is BTC trading is thin, and u have whales with billions of dollars of holdings that want out of btc and to diversify their wealth

1 million? Probably not, BTC doesn't scale, ,and what we have as a crypto in 7 years will not be BTC, as it doesn't scale, at best the next software might buy the BTC name and keep you happy, also, the price needs to be indexxed to one USD like ripple

BTC will just be a dinosaur crypto for rich ppl, kind of a saving's bank

In time ppl will offer interest and safety to crypto, then btc will die

Well, we all believe that there could be a great potential for cryto currencies most especially for bitcoin. However, upon using the word avalanche is a little confusing because the way you shared your post is really about bitcoin's amazing future on 2018. Anyway, great and timely information though. Thanks for sharing those and for being so positive about bitcoin. Must be helpful for those in doubt of it's capacity to be forth in the next years to come.

I thought of this too, since he is describing the cyptocurrencies event as "avalanche" is should be a falling one.

I'm following the facebook page of nicehash and they posted that they will be back soon. They are asking for some support to their users but this isn't going to work out for those wise miners out there. It's a total collapse for their company.


if this crazy miners fee will continue.

The full effect of futures will not take effect until next year. I think.
The first futures will be few few inverters, Next year we will see bigger futures.
The nasdac
Then ETF
1 million in 7 years.?

Avalanche it is, what causes an avalanche is wet soft snow, laying on top of a layer of ice, a critical angle of 45-55 degrees, and a shock.

Once the avalanche begins, then the entire thing comes down, what we have now is a bed of whales that are the ice, then we have tons of newbies that are the wet snow, all that is needed is a shock and u get an avalanche,

Now what need is a shock, we just saw NICEHASH die, and nobody talks  about it, I suspect a major exchange and major number of people lose their coin, which is the shock, that causes the 'wet snow' to exit, the whales the ice underneath want out, and they want out now, and the new CME-BRR-GS futures gives them a risk-free exit.

IN SUMMARY Its all coming down soon.

this doesn't make any sense! you say "avalanche" but An avalanche is a rapid flow of snow down a sloping surface! which sounds more like a dump for bitcoin but then you talk about price rise. the analogy doesn't make any sense

in any case, these Futures Tradings that keep popping up these days have been great so far for hyping bitcoin up. and since it already were everywhere on the media, it became even more popular. as time goes by, it gives bitcoin more legitimacy and increases the adoption as a result. and that always leads to bigger rise. $100,000 in 1.5-2 years is going to happen in my opinion.

CME-BRR-GS is selling a derivative, they are detached from the blockchain.

Just like GOLD, no gold ever changes hands on CME, they just trade paper

Same now PAPER-BTC will be created 100X bigger than the entire 21M BTC's, lets say 21 Trillion paper BTCS are exchanges in futures trading,

The funny thing is the base price on exchanges will be easy for whales to manipulate prices, but the house always wins, nobody in all human history, other than hillary clinton ever got rich trading futures

What is known is that now the whales SELLING massive bitcoins can BUY INSURANCE, so that if there sale causes a massive drop of BTC that they'll get even richer, cuz the short will payback 10X on the collapse, sort of a heads I win, tails you lose

So now with SHORTING it will be safe for everyone to DUMP their billion's of dollars of BTC, so the coming weeks will be interesting

CME trade some +100 paper contracts for every ounce of gold they hold, so u can be sure that CME will be trading 1000X more BTC than they hold, and nobody will care, because the nature of the beast, all that matters is screwing the other guy.

Pension funds are not allowed to invest in crypto since none are rated by a credit rating agency like S&P, Moody's, etc.

Hedge funds are probably not going to invest in crypto....at least not in the next several months since they are watching what governments will do...that plus the exchanges are having scaling problems if you haven't noticed.

The avalanche is coming to the Bitcoin market. The mom and pop investors have been driving Bitcoin for so long and now we have  the whales and  the large institutions coming into the Bitcoin bandwagon that can send Bitcoin to $100,000. Will that be possible?
 
With Bitcoin futures trading launching this weekend, this is about to get a hell of a lot more serious. Bitcoin is being recognized and treated as an entirely new asset class, where institutions have almost zero exposure. Meaning…They could all be entering this new cryptocurrency asset class in 2018, so we are talking about tens of billions of dollars flooding into this space.
 
Imagine the pool of funds from institutions around the world being like the Pacific Ocean, and then 1% of that enormous amount of liquidity trying to pour through the Panama Canal. December 10th is the day that CBOE launching their futures market for Bitcoin. Not to be outdone, the CME Group will launch as well on the 18th.
 
As already announced, in the summer of 2018, we will see the NASDAQ and Tokyo launch futures trading too. TD Ameritrade, Ally, Fidelity, and JP Morgan will all be making Bitcoin trading available to their clients. Not a single pension or large hedge fund is going to tip anyone off as to what their intentions are, but it’s a safe assumption that a few of them, or a few thousand, will put a small portion in Bitcoin, and even a sliver of this amount of liquidity will send Bitcoin soaring!

Is this already the mainstream adoption we are looking for or should we expect for much, much more? Actually, I am looking for a time when Bitcoin will be known more as a currency than a store of value so that its full potential can be realized. Right now, Bitcoin holders are complaining about the transfer fees to be ridicuously so high because of the clogging in the network making the whole thing like a sort of an auction.

However, despite all the challenges thrown into Bitcoin's way, I am so optimistic about its future. This is just the beginning for Bitcoin as an asset and as a currency that is so resilient and robust!