Re: Speculation Rule: buy when others are irrationally pessimistic or too cautious
Note the predictions of my prior chart are proving to prophetic. See the price did spike up as expected, and crashed back as expected.
And the larger crash is probably still forthcoming, because SegWit activation is likely failing as I expected with Jihan ramping up his hashrate but attempting to obscure that he is doing so:
Jihan is ramping up his hashrate slowly at the various pools that don't signal activation, and I've been watching it increase since the new activation period started 204 blocks (8.5 hours) earlier.
Bitcoin is also going to dump down in price this weekend.
Short an altcoin or move to USD asap (USDT on Poloniex is also okay).
This is why altcoins decline more than BTC does when BTC declines.
Any altcoin that remained high would be sold to buy some cheap BTC. Since BTC can absorb more flows than altcoins can, the altcoins decline more on a percentage than Bitcoin. When BTC is rising, the inverse effect occurs.
So selling altcoins that had significant rises might be wise right about now while they are still near their peaks.
And the larger crash is probably still forthcoming, because SegWit activation is likely failing as I expected with Jihan ramping up his hashrate but attempting to obscure that he is doing so:
Quote from: https://www.litecoinpool.org/pools#segwit
During activation period 6 (204 blocks mined, 7860 left): CSV 79.9%, Segwit 76.5%.
The requirement for lock-in is 75% over one 8064-block activation period.
The requirement for lock-in is 75% over one 8064-block activation period.
Jihan is ramping up his hashrate slowly at the various pools that don't signal activation, and I've been watching it increase since the new activation period started 204 blocks (8.5 hours) earlier.
Bitcoin is also going to dump down in price this weekend.
Short an altcoin or move to USD asap (USDT on Poloniex is also okay).
If it does drop below 1000 and I'll be the first person to buy in lol
This is why altcoins decline more than BTC does when BTC declines.
Any altcoin that remained high would be sold to buy some cheap BTC. Since BTC can absorb more flows than altcoins can, the altcoins decline more on a percentage than Bitcoin. When BTC is rising, the inverse effect occurs.
So selling altcoins that had significant rises might be wise right about now while they are still near their peaks.
I've read Armstrong's Socrates gold update reports on March 3, March 27, and April 10.
My interpretation is we can expect gold to push up to as high as $1340 maximum (might only reach $1289) due to uncertain expectation of Le Pen victory tumult in France and Trump's military escalation.
But this will be the last time for you tinfoil hats to take profits before a likely flash crash to just below $1000 before we begin the bullish SLINGSHOT where gold aligns with DJIA and $USD.
I seeing between the tea leaves that a likely failure of Le Pen in France is perhaps the catalyst for the exhale on gold. Trump's early failures are having a negative impact on Le Pen's chances. Then all hell will break lose later in 2017 and gold will SLINGSHOT back up.
Or perhaps Le Pen will look weak in the primary but actually win in May, so that could be another reason for more rapid SLINGSHOT effect.
My interpretation is we can expect gold to push up to as high as $1340 maximum (might only reach $1289) due to uncertain expectation of Le Pen victory tumult in France and Trump's military escalation.
But this will be the last time for you tinfoil hats to take profits before a likely flash crash to just below $1000 before we begin the bullish SLINGSHOT where gold aligns with DJIA and $USD.
I seeing between the tea leaves that a likely failure of Le Pen in France is perhaps the catalyst for the exhale on gold. Trump's early failures are having a negative impact on Le Pen's chances. Then all hell will break lose later in 2017 and gold will SLINGSHOT back up.
Or perhaps Le Pen will look weak in the primary but actually win in May, so that could be another reason for more rapid SLINGSHOT effect.
Re: Take profits now!
None of those are possibilities. 0% chance.
And no side will ever win.
Reading the following threads (not just the linked post) will help you understand:
https://bitcointalk.org/index.php?topic=1857162.msg18526721#msg18526721
https://bitcointalk.org/index.php?topic=1837136.msg18571238#msg18571238
https://bitcointalk.org/index.php?topic=1767014.msg18579825#msg18579825
https://bitcointalk.org/index.php?topic=1867541.msg18570031#msg18570031
The above link to all my points on the Scalepocalypse.
In my opinion, going "all-in" or "all-out" at this very moment is dangerous (only exception: if you are totally satisfied with your profits until now).
The scaling debate still dictates the price movements. In every single moment the following two things could happen:
- some pool jumps to BU and gets it near or over 50%, making hard fork a real risk -> very bearish (target: ~700)
- some pool jumps to Segwit and gets it near or over 50% -> bullish / sideways (~1200-1350, but perhaps not strong enough for a new ATH)
- UASF gets traction and Segwit approval is very likely -> very bullish (new ATH, target ~2000)
- a compromise solution (EB, Segwit2MB) gets Core and majority miner approval -> also very bullish
That's why I wouldn't take sides still. And I disagree with AnonyMint: I think no side has "won" until now.
The scaling debate still dictates the price movements. In every single moment the following two things could happen:
- some pool jumps to BU and gets it near or over 50%, making hard fork a real risk -> very bearish (target: ~700)
- some pool jumps to Segwit and gets it near or over 50% -> bullish / sideways (~1200-1350, but perhaps not strong enough for a new ATH)
- UASF gets traction and Segwit approval is very likely -> very bullish (new ATH, target ~2000)
- a compromise solution (EB, Segwit2MB) gets Core and majority miner approval -> also very bullish
That's why I wouldn't take sides still. And I disagree with AnonyMint: I think no side has "won" until now.
None of those are possibilities. 0% chance.
I think no side has "won" until now.
And no side will ever win.
Reading the following threads (not just the linked post) will help you understand:
https://bitcointalk.org/index.php?topic=1857162.msg18526721#msg18526721
https://bitcointalk.org/index.php?topic=1837136.msg18571238#msg18571238
https://bitcointalk.org/index.php?topic=1767014.msg18579825#msg18579825
https://bitcointalk.org/index.php?topic=1867541.msg18570031#msg18570031
The above link to all my points on the Scalepocalypse.
Re: BTC doing good after this big dump
Just like what others said, I don't go for it that it was a big dump. It's only a very small fluctuation compare to what happened from the past like Mt.Gox and with the BTU drama.The price right now is at $1,199 on preev and it will keep on moving and stable at that rate. We'll see that $1,300 very soon.
Expect some event to serve as a distraction from the Scalepocalyspe reality that we are enslaved by the shadow elite.
BitFUnix has probably been paying off old thefts with new Ponzi money incoming per recent news.
Making excuses about not being able to make wire transfers.
Also note that Tether was involved in that lawsuit, so perhaps USDT token is also not safe to hold:
The floor is really around $1050-1100 right now and it's unlikely to break that due to the strong resistance in the market.
We went from $1200 to $1165, it's staying up nicely, so we must hope that we don't go below $1100 and I think we are reasonably ok and good to go for the next $1300 test.
Just like what others said, I don't go for it that it was a big dump. It's only a very small fluctuation compare to what happened from the past like Mt.Gox and with the BTU drama.The price right now is at $1,199 on preev and it will keep on moving and stable at that rate. We'll see that $1,300 very soon.
as far as I know a correction shouldn't be sharp. it is usually a slower drop. the sharp dips usually show some kind of manipulation and followed by panic sell. mostly starting with the expectation of a drop (in this case the SegWit drama by F2Pool) and then weak hands jump.
Expect some event to serve as a distraction from the Scalepocalyspe reality that we are enslaved by the shadow elite.
This market is flat out fraud. $30 $41 spread between Finex and Bitstamp. Since we all know Bitfinex is an insolvent exchange that trades against it's own customers and also steals their money, I'm guessing that spread is also propped up by non-existent money just like Gox. Why are people willing to put up a $2 million buy wall on Bitfinex but no other exchange to try and prop up price? Because Bitfinex probably isn't even using real money, just imaginary exchange digits.
I've been saying BitFinex is the new Gox forever and here it is. There is no valid price of bitcoin as long as Bitfinex is the market maker.
The current chart looks like shit and is forming a down channel and you got fraudsters on Bitfinex trying to manipulate it up with imaginary money that probably doesn't exist:
I've been saying BitFinex is the new Gox forever and here it is. There is no valid price of bitcoin as long as Bitfinex is the market maker.
The current chart looks like shit and is forming a down channel and you got fraudsters on Bitfinex trying to manipulate it up with imaginary money that probably doesn't exist:
BitFUnix has probably been paying off old thefts with new Ponzi money incoming per recent news.
Making excuses about not being able to make wire transfers.
Also note that Tether was involved in that lawsuit, so perhaps USDT token is also not safe to hold:
Court records show that yesterday, lawyers for the plaintiffs iFinex (the owner and operator of the exchange), its two British Virgin Islands-based subsidiaries and digital asset transfer firm Tether filed a notice of voluntary dismissal in the US District Court for the Northern District of California.