RIP Bitcoin

**baldrick** · 09-04-2018, 01:35 PM

Originally Posted by Farangrakthai

though, i don't get this putting your finger in the air to decide

I would postulate that putting the finger in the air would be more of an accurate indicator than placing it in the fundement

I will be looking at the trends on the charts and reading the news to make my decision

even with the uptick over the last couple of days , I suspect there may be another leg down in the wind - so I will wait antil it seems more meaningful

I do not need to buy the absolute bottom of the market as I will be buying with the intention of holding for a long time

the money I am putting in crypto is not money that I will need - I have enough disposable income and other savings to allow me to buy crypto as I see fit

for the chartists

https://www.fxstreet.com/cryptocurre...t-201804080718

Bitcoin has been testing traders and investors alike and now its testing the skills of technical analysts too. While the wait for falling wedge breakout and "death cross" crash isn't yet over, there's another technical parameter thats making withing the falling wedge - a triangle.

On the 30-minute chart a triangle is in the making and a breakout of the same, on either side would only help any one of the earlier patterns which are already on the cusp of a breakout.

BTC/USD is up 0.7 percent on the day at $6,940. Immediate resistance for the largest crypto stands at $7,106 and support around $6,850. On the 30-minute chart, the breakout points are currently at $7,000 mark and $6,880 mark.

**Dragonfly** · 09-04-2018, 01:37 PM

Originally Posted by baldrick

butterfluffer - I do wonder why you bother

you make it obvious that you do not understand one whit of all this and then spout things you hear while you are fluffling your boiler room bosses

and also boast on here about how much money you have made

to make it succinct - no body believes you - you have a reputation as a notorious liar and general all round scumbag

I well know that the successful are not stupid enough to boast and I will follow their lead when it comes to my crypto holdings and investments

yes, please do that

and never boast about anything, unlike you guys

I did claim to have made a killing on a quick short, but didn't disclose the amount out of respects for our resident TEFLers

the sad thing is you believe in eating your own shit, a bit like Earl who believe in drinking his own piss

**Farangrakthai** · 09-04-2018, 01:53 PM

Originally Posted by baldrick

I do not need to buy the absolute bottom of the market as I will be buying with the intention of holding for a long time

i see.

though, if/when much of the speculation

(most of us on this thread have been crypto speculators)

is out of the price of cryptos, why do you think your favorite crypto "decred" will be a good investment in the long run (increase in value)?

Originally Posted by baldrick

I will be buying with the intention of holding for a long time

what is it about decred that differentiates it from other cryptos, IYO?

**baldrick** · 09-04-2018, 02:03 PM

Originally Posted by Farangrakthai

what is it about decred that differentiates it from other cryptos, IYO?

from my research , DCR is/will be soon , the only really decentralised crypto

decisions on direction are to be made via the politia proposal system and then voted on by stakeholders of the coin - a fund ( 10 % of block rewards ) is there to pay for the development , marketing etc
so unitl other cryptos move away from the benevolent dictator or in the case of BTC , the control of hash power models , they are still basically centralised

Originally Posted by Dragonfly

words you don't understand

yes , dear fluffer ( I take it you are aware of what a fluffer is ? )

**Farangrakthai** · 09-04-2018, 02:48 PM

Originally Posted by baldrick

from my research , DCR is/will be soon , the only really decentralised crypto

decisions on direction are to be made via the politia proposal system and then voted on by stakeholders of the coin - a fund ( 10 % of block rewards ) is there to pay for the development , marketing etc
so unitl other cryptos move away from the benevolent dictator or in the case of BTC , the control of hash power models , they are still basically centralised

yes , dear fluffer ( I take it you are aware of what a fluffer is ? )

looking at the chart, decred was worth about 50 cents in jan '17, $129 three months ago and now is at $51.

if you're right and decred becomes recognized as "the only really decentralised crypto", it certainly has a long way to go to catch up with the trading volume of eth (24 trading volume = $1.1 billion and ripple (24 trading volume = $200 million).

decred's 24 trading volume = $700 thousand (less than 1/1000 of eth's trading volume).

putting it in 38th place in crypto trade volume.

which place do you think it'll be at in a year or two?

betting on an insect eventually taking out some lions could certainly pay off, if it happens.

**Farangrakthai** · 09-04-2018, 06:44 PM

btc spent the last 3 days slowly moving up from 6,650 to 7,150 and then loses most of the gains in a couple minutes (7 day chart):

RIP Bitcoin-s__5398531-jpg

**uncle junior** · 09-04-2018, 07:57 PM

Magic 8 ban sez..2 day bump in mkt cap returning to the downward trend we been seeing. The George Soros talk is giving ppl some wood...not enough to turn things around tho

**baldrick** · 09-04-2018, 08:09 PM

Originally Posted by Farangrakthai

and then loses most of the gains in a couple minutes

I am still not placing the mark I test finger in my fundament - seems to be working just fine in the fresh air

**Farangrakthai** · 09-04-2018, 08:16 PM

Originally Posted by uncle junior

The George Soros talk

anyways, just because the soros fund is trading cryptos doesn't mean it will always be on the buying side.

just ask the brits about their beloved pound and george's shorts.

**uncle junior** · 09-04-2018, 08:21 PM

^His name gives it some branding and legitimacy...won't last long.

Nobody's ever always on the buying.

**Farangrakthai** · 10-04-2018, 08:27 AM

the taxman cometh:

https://www.cnbc.com/2018/04/09/bitc...two-hours.html

Tax-related selling has been a key driver of this month's sell-off, according to some analysts.

Thomas Lee, head of research at Fundstrat Global Advisors, said in a report last week that U.S. households likely owe $25 billion in capital gains taxes for their cryptocurrency holdings.

To meet tax liabilities, investors are selling bitcoin, which could mean "massive" selling into U.S. dollars ahead of the April 17 tax filing deadline, Lee said.

Ari Paul, CIO and managing partner of cryptocurrency investment firm BlockTower Capital, said the market is in price-discovery mode until investors get more clarity on regulation.

"We're in a bear market until new buyers are enticed," Paul said, adding that institutions are delaying putting money into the market until investment vehicles like ETFs get approved.

**YourDaddy** · 10-04-2018, 08:51 AM

Next stop $ 6354

**Farangrakthai** · 10-04-2018, 08:02 PM

here's more research done on how to estimate btc's fundamental value. it estimates that in march when btc was at 8,000 it was 4 times overvalued and predicts a year of sideways, downward movement (other cryptos following) like in 2014, apparently.

it's 20 pages, but worth a glance.

main point:

https://arxiv.org/pdf/1803.05663.pdf

Focusing on the outlook for bitcoin, the active user data indicates a shrinking growth rate, which arange of parameterizations of our generalized Metcalfe’s law translates into slowing growth in marketcapitalization.

Further, our Metcalfe-based analysis indicates current support levels for the bitcoinmarket in the range of 22–44 billion USD, at least four times less than the current level. On this basisalone, the current market resembles that of early 2014, which was followed by a year of sideways anddownward movement.

Given the high correlation of cryptocurrencies, the short-term movements ofother cryptocurrencies are likely to be affected by corrections in bitcoin (and vice-versa), regardless oftheir own relative valuations.

**Farangrakthai** · 10-04-2018, 10:46 PM

Originally Posted by uncle junior

Nobody's ever always on the buying.

so, fred: time to get some debate/discussion going on this thread and i know you're always upfront about your thinking:

Originally Posted by uncle junior

I've pretty much given up on seeing any profit this year. It'll bounce back sooner or later.

Originally Posted by uncle junior

Not much point in selling now. You either gotta buy more and trust ur research or just throw in the towel and hope things turn around.

Originally Posted by uncle junior

Just bought some more of everything I'm holding. That's it til I start seeing some green.

Originally Posted by uncle junior

some of these coins are gonna take off eventually. I can wait.

which coins do you think will be higher than they are now in 12 months? 24 months?

**Luigi** · 10-04-2018, 10:56 PM

Originally Posted by Farangrakthai

24 months?

Lulucoin, without a shadow of a doubt.

**uncle junior** · 10-04-2018, 11:12 PM

Originally Posted by Farangrakthai

which coins do you think will be higher than they are now in 12 months? 24 months?

i'm holding, NEO, DCR, ICON and GX Shares. They'll go up. dunno when, big question is when will I see some green....could be a year or so. I might just roll them all into Lulus.

**Farangrakthai** · 10-04-2018, 11:17 PM

Originally Posted by uncle junior

i'm holding, NEO, DCR, ICON and GX Shares. They'll go up. dunno when, big question is when will I see some green....could be a year or so. I might just roll them all into Lulus.

Originally Posted by uncle junior

DCR

great let's discuss decred.

and let's talk about the post i made to rick (he ignored):

fred: are you "betting on an insect eventually taking out some lions"?
------------

looking at the chart, decred was worth about 50 cents in jan '17, $129 three months ago and now is at $51.

if you're right and decred becomes recognized as "the only really decentralised crypto", it certainly has a long way to go to catch up with the trading volume of eth (24 trading volume = $1.1 billion and ripple (24 trading volume = $200 million).

decred's 24 trading volume = $700 thousand (less than 1/1000 of eth's trading volume).

putting it in 38th place in crypto trade volume.

which place do you think it'll be at in a year or two?

betting on an insect eventually taking out some lions could certainly pay off, if it happens.

**Luigi** · 10-04-2018, 11:25 PM

Originally Posted by Farangrakthai

which coins do you think will be higher than they are now in 12 months? 24 months?

Fair to say that not many people know that.

Many coins could be at all time low in 12 months, after hitting an all time high in 9 months. Quite literally, anything could happen, due to so many different factors.

**Farangrakthai** · 10-04-2018, 11:33 PM

Originally Posted by Luigi

Fair to say that not many people know that.

Many coins could be at all time low in 12 months, after hitting an all time high in 9 months. Quite literally, anything could happen, due to so many different factors.

yep, though, there's speculating like you and i do (and most of those trading cryptos) and then there are those real long term investors like fred and rick.

rick and fred are looking at particular cryptos they think will not only survive (many cryptos will go to "0" like the dotcoms), but will do better than btc, eth, ripple, etc.

Originally Posted by uncle junior

some of these coins are gonna take off eventually. I can wait.

rick and fred mentioned their research

Originally Posted by uncle junior

buy more and trust ur research.

just trying to get a discussion/debate going about which cryptos will actually survive/thrive in the next year or two.

**uncle junior** · 10-04-2018, 11:36 PM

Originally Posted by Farangrakthai

betting on an insect eventually taking out some lions could certainly pay off, if it happens.

I'm on hold. I'm not looking for Degred or any of the others to take take on any lions. Just wanna see some growth. I think the mkt's cap still gonna keep dropping for awhile longer.

**Farangrakthai** · 10-04-2018, 11:38 PM

Originally Posted by uncle junior

I'm on hold. I'm not looking for Degred or any of the others to take take on any lions. Just wanna see some growth. I think the mkt's cap still gonna keep dropping for awhile longer.

fair enough, fred.

**baldrick** · 10-04-2018, 11:52 PM

ok ok ok - it is a worry that you do not know who baldrick is

here are some of the reasons I think that DCR will win through in the next few years

https://sludgefeed.com/decred-looks-ahead-an-interview-with-project-lead-jake-yocom-piatt/

**Farangrakthai** · 11-04-2018, 12:20 AM

Originally Posted by baldrick

here are some of the reasons I think that DCR will win through in the next few years

ok, i had a look at the interview.

which point do you think is the strongest (supporting dcr)?

**uncle junior** · 11-04-2018, 12:59 AM

what happened to jabs....he hasn't posted in awhile

**baldrick** · 11-04-2018, 01:00 AM

^ it is not just whitepaper promises

it has delivered last year on its roadmap

which leads me to belive it will deliver this year also

as you may have noticed it is not very shilled

but I think the privacy and decentralised exchange will garner it a lot more attention

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