Bitcoin Price Chart (BTC) Coinbase

TRUE historical data on yearly lows (correcting repetitive historical false information spread on reddit and twitter)

Recently, wrong historical data on the alleged Bitcoin yearly lows could be repetitively read in ill-researched or "blindly copy-pasted" posts and tweets, e.g. falsely claiming a yearly low for 2013 of $65, where $13 is the correct value (wrong by a factor of 5)!
Here is the correct data:
TRUE yearly lows (first historically recorded trade occurred at MtGox exchange on 17th July 2010; bitstamp exchange started operation on 13 Sep 2011*):
*not included: Bitcoin prices of around $0.003 on Bitcoin USD markets recorded since 25th April 2010, consistent with famous two Bitcoin pizzas from 22nd May 2010 worth $30 for 10,000 BTC.
Yearly absolute lows (just omitting obvious implausible data flaws) - not recommended because short outliers of very low trade volumes can bias the view of the real market situation:
Yearly lows of daily weighted averages - more useful because short outliers with very low volumes are not biasing the statistics:
  • 2010: $0.05 (MtGox, 17th & 24th & 25th & 26th July)
  • 2011: $0.29 (MtGox, 4th January)
  • 2011: $2.24 (bitstamp, 21st October)
  • 2012: $4.33 (bitstamp, 19th February)
  • 2013: $13.01 (bitstamp, 1st January)
  • 2014: $305.81 (bitstamp, 5th October)
  • 2015: $189.84 (bitstamp, 14th January)
  • 2016: $370.21 (bitstamp, 3rd February)
  • 2017: $783.46 (bitstamp, 12th January)
  • 2018: $3171.72 (bitstamp, 15th December)
  • 2019: $3365.06 (bitstamp, 7th February)
  • 2020: <= $7030.21 (bitstamp, 2nd January)
Change rates:
  • 2011: x 5.8 (+480%)
  • 2012: x 14.9 (+1390%)
  • 2013: x 3.0 (+200%)
  • 2014: x 23.5 (+2250%)
  • 2015: x 0.6 (-40%)
  • 2016: x 2.0 (+100%)
  • 2017: x 2.1 (+110%)
  • 2018: x 4.0 (+300%)
  • 2019: x 1.1 (+10%)
  • 2020: <= x 2.1 (<= +110%)
How to do this yourself:
Example for 2013:
https://bitcoincharts.com/charts/bitstampUSD#rg60zczsg2013-01-01zeg2013-12-31ztgSzm1g10zm2g25zv
Click on "Load raw data" below the chart, copy-paste to spreadsheet like Libre Calc or MS Excel or Google documents, apply "min" function on the column of daily lows or daily weighted averages.
For year 2013 on bitstamp, the yearly low was reached on 1st January 2013: - Daily absolute low = $12.77 - Daily weighted average = $13.01
submitted by Amichateur to Bitcoin [link] [comments]

Bitcoin 11 Years - Achievements, Lies, and Bullshit Claims So Far - Tooootally NOT a SCAM !!!!

That's right folks, it's that time again for the annual review of how Bitcoin is going: all of those claims, predictions, promises .... how many have turned out to be true, and how many are completely bogus ???
Please post / link this on Bitcoin (I am banned there for speaking the truth, so I cannot do it) ... because it'a way past time those poor clueless mushrooms were exposed to the truth.
Anyway, without further ado, I give you the Bitcoin's Achievements, Lies, and Bullshit Claims So Far ...
.
Bitcoin Achievements so far:
  1. It has spawned a cesspool of scams (2000+ shit coin scams, plus 100's of other scams, frauds, cons).
  2. Many 1,000's of hacks, thefts, losses.
  3. Illegal Use Cases: illegal drugs, illegal weapons, tax fraud, money laundering, sex trafficking, child pornography, hit men / murder-for-hire, ransomware, blackmail, extortion, and various other kinds of fraud and illicit activity.
  4. Legal Use Cases: Steam Games, Reddit, Expedia, Stripe, Starbucks, 1000's of merchants, cryptocurrency conferences, Ummm ????? The few merchants who "accept Bitcoin" immediately convert it into FIAT after the sale, or require you to sell your coins to BitPay or Coinbase for real money, and will then take that money. Some of the few who actually accept bitcoin haven't seen a customer who needed to pay with bitcoin for the last six months, and their cashiers no longer know how to handle that.
  5. Contributing significantly to Global Warming.
  6. Wastes vasts amounts of electricity on useless, do nothing work.
  7. Exponentially raises electricity prices when big miners move into regions where electricity was cheap.
  8. It’s the first "currency" that is not self-sustainable. It operates at a net loss, and requires continuous outside capital to replace the capital removed by miners to pay their costs. It’s literally a "black hole currency."
  9. It created a new way for people living too far from Vegas to gamble all their life savings away.
  10. Spawned "blockchain technology", a powerful technique that lets incompetent programmers who know almost nothing about databases, finance, programming, or blockchain scam millions out of gullible VC investors, banks, and governments.
  11. Increased China's foreign trade balance by a couple billion dollars per year.
  12. Helped the FBI and other law enforcement agents easily track down hundreds of drug traffickers and drug users.
  13. Wasted thousands if not millions of man-hours of government employees and legislators, in mostly fruitless attempts to understand, legitimize, and regulate the "phenomenon", and to investigate and prosecute its scams.
  14. Rekindled the hopes of anarcho-capitalists and libertarians for a global economic collapse, that would finally bring forth their Mad Max "utopia".
  15. Added another character to Unicode (no, no, not the "poo" 💩 character ... that was my first guess as well 🤣)
  16. Provides an easy way for malware and ransomware criminals to ply their trade and extort hospitals, schools, local councils, businesses, utilities, as well as the general population.
.
Correct Predictions:
  1. 2015-12: "1,000 dollar in 2015", u/Luka_Magnotta, aka time traveler from the future, 31-Aug-2013, https://www.reddit.com/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/ (Technically, this prediction is WRONG because the highest price reached in 2015 was $495.56 according to CMC. Yes, Bitcoin reached $1,000 in 2013 and 2014, but that's NOT what the prediction says).
  2. 2017-12: "10,000 in 2017", u/Luka_Magnotta, aka time traveler from the future, 31-Aug-2013, https://www.reddit.com/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/
  3. 2018-04: $10,000 (by April 2018), Mike Novogratz, link #1: https://www.bitcoinprice.com/predictions/, link #2: https://www.bloomberg.com/news/articles/2017-11-21/mike-novogratz-says-bitcoin-will-end-the-year-at-10-000
  4. 2018-12: $10,000 (by 2018), Tim Draper, link #1: https://www.bitcoinprice.com/predictions/, link #2: https://www.youtube.com/watch?v=3AW5s6QkRRY
  5. Any others ? (Please tell me).
.
Bitcoin Promises / Claims / Price Predictions that turned out to be lies and bullshit:
  1. ANONYMOUS
  2. CENSORSHIP RESISTANT
  3. FRICTIONLESS
  4. TRUSTLESS
  5. UNCENSORABLE
  6. UNTRACEABLE
  7. SAFE
  8. SECURE
  9. YOU CANNOT LOSE
  10. NOT A SCAM
  11. PERMISSIONLESS
  12. GUARANTEED PRIVACY
  13. CANNOT BE SEIZED
  14. CANNOT BE CONFISCATED
  15. Be your own bank
  16. Regulation-proof
  17. NO MIDDLEMEN
  18. DECENTRALIZED
  19. Instantaneous transactions
  20. Fast transactions
  21. Zero / No transaction fees
  22. Low transaction fees
  23. A store of value
  24. A deflationary digital asset
  25. "A deflationary digital asset that no single human being can destroy."
  26. "an asset that is equally as dual use as a car, water, or any other traditional element that has existed."
  27. "Digital gold"
  28. Easy to use
  29. Cannot be stolen
  30. Cannot be hacked
  31. Can be mined by anyone
  32. Can be mined by anyone, even with an old computer or laptop
  33. Cannot be centralized
  34. Will return power back to the people.
  35. Not a Ponzi scam
  36. Not a Pyramid scam
  37. Never pay tax again
  38. Your gains cannot be taxed
  39. A currency
  40. An amazing new class of asset
  41. An asset
  42. A means to economic freedom
  43. A store of value
  44. The best investment the word has ever seen
  45. A great investment
  46. Efficient
  47. Scalable
  48. Stable
  49. Resilient
  50. Reliable
  51. Low energy
  52. Low risk
  53. Redistribute wealth to everybody
  54. No more have's and have not's
  55. No more US and THEM
  56. No more disadvantaged people
  57. No more RICH and POOR
  58. No more poor people
  59. Uses amazing new technology
  60. Uses ingenious new technology
  61. Satishi Nakamoto invented ...
  62. Segwit will solve all of Bitcoin's woes
  63. Lightning Network will solve all of Bitcoin's woes
  64. Limited by scarcity
  65. Can only go up in value
  66. Price cannot crash
  67. Has intrinsic value
  68. Value will always be worth more than cost to mine
  69. Adoption by investors is increasing exponentially
  70. Adoption by investors is increasing
  71. Adoption by merchants is increasing exponentially
  72. Adoption by merchants is increasing
  73. You are secure if you keep your coins on an exchange
  74. You are secure if you keep your coins in a hardware wallet
  75. You are secure if you keep your coins in an air-gapped Linux PC
  76. Will change the world
  77. "the next phase in human evolution"
  78. "Blockchain is more encompassing than the internet"
  79. Blockchain can solve previously unsolvable problems.
  80. "The only regulation we need is the blockchain"
  81. "Bank the unbanked"
  82. "To abolish financial slavery and the state's toxic monopoly on money."
  83. "To have better tools in the fight against the state violence and taxation."
  84. "To stamp information on a blockchain forever so we can bypass state censorship, copyrights, patents(informational monopolies) etc."
  85. Will destroy / overthrow FIAT
  86. Will destroy / overthrow the world's governments
  87. Will destroy / overthrow the banking system
  88. Will destroy / overthrow the world economies
  89. Will free people from tyranny
  90. Will give people financial freedom
  91. Will bring world peace
  92. Never going below $19K again
  93. Never going below $18K again
  94. Never going below $17K again
  95. Never going below $16K again
  96. Never going below $15K again
  97. Never going below $14K again
  98. Never going below $13K again
  99. Never going below $12K again
  100. Never going below $11K again
  101. Never going below $10K again
  102. Never going below $9K again
  103. Never going below $8K again
  104. Never going below $7K again
  105. Never going below $6K again
  106. Never going below $5K again
  107. Never going below $4K again
  108. Is NOT a Scam
  109. Hashing Power secures the Bitcoin network
  110. Untraceable, private transactions
  111. Guaranteed privacy
  112. Not created out of thin air
  113. Not created out of thin air by unregulated, unbacked entities
  114. Totally NOT a scam
  115. Is not used primarily by crimonals, drug dealers, or money launderers.
  116. 100% secure
  117. 2010 will be the "Year of Crypto"
  118. 2011 will be the "Year of Crypto"
  119. 2012 will be the "Year of Crypto"
  120. 2013 will be the "Year of Crypto"
  121. 2014 will be the "Year of Crypto"
  122. 2015 will be the "Year of Crypto"
  123. 2016 will be the "Year of Crypto"
  124. 2017 will be the "Year of Crypto"
  125. 2018 will be the "Year of Crypto"
  126. 2019 will be the "Year of Crypto"
  127. 2010: MASS ADOPTION any day now"
  128. 2011: MASS ADOPTION aany day now"
  129. 2012: MASS ADOPTION aaany day now"
  130. 2013: MASS ADOPTION aaaany day now"
  131. 2014: MASS ADOPTION aaaaany day now"
  132. 2015: MASS ADOPTION aaaaaany day now"
  133. 2016: MASS ADOPTION aaaaaaany day now"
  134. 2017: MASS ADOPTION aaaaaaaany day now"
  135. 2018: MASS ADOPTION aaaaaaaaany day now"
  136. 2019: MASS ADOPTION aaaaaaaaany day now"
  137. "Financial Freedom, bro."
  138. no single entity, government or individual, can alter or reverse its transactions
  139. insurance against the tyranny of state
  140. Bitcoin has come to destroy all governments and bring about the libertarian utopia of my dreams.
  141. The major issues in Bicoin's network will be fixed. This is still early days, Bitcoin has only been around for 2+ years.
  142. The major issues in Bicoin's network will be fixed. This is still early days, Bitcoin has only been around for 5+ years.
  143. The major issues in Bicoin's network will be fixed. This is still early days, Bitcoin has only been around for 7+ years.
  144. The major issues in Bicoin's network will be fixed. This is still early days, Bitcoin has only been around for 9+ years.
  145. 1,000's of predictions of skyrocketing and/or never falling prices
  146. Escape the petty rivalries of warring powers and nation states by scattering control among the many. The Bitcoin Cash debacle proves that even the most cryptographically secure plans of mice and men often go awry. Ref: https://www.reddit.com/Buttcoin/comments/9zfhb6/like_theres_only_one_flaw_with_buttcoin_crash/ea8s11m
  147. People will NEVER be able to welch out of bets or deals again. Nov-2018, Ref: https://www.reddit.com/Buttcoin/comments/9zvpl2/the_guy_who_made_the_1000_bet_that_btc_wouldnt/
  148. "Everything will be better, faster, and cheaper.", Brock Pierce, EOS.io shill video.
  149. "Everything will be more connected.", Brock Pierce, EOS.io shill video.
  150. "Everything will be more trustworthy.", Brock Pierce, EOS.io shill video.
  151. "Everything will be more secure.", Brock Pierce, EOS.io shill video.
  152. "Everything that exists is no-longer going to exist in the way that it does today.", Brock Pierce, EOS.io shill video.
  153. "Everything in this world is about to get better.", Brock Pierce, EOS.io shill video.
  154. You are a slave to the bankers
  155. The bankers print money and then you pay for it
  156. Bitcoin is The Peoples Money
  157. Bitcoin will set you free
  158. Bitcoin will set you free from the slavery of the banks and the government Ref: https://www.reddit.com/Bitcoin/comments/cd2q94/bitcoin_shall_set_you_free/
  159. ~~Bitcoin is "striking fear into the hearts of bankers, precisely because Bitcoin eliminates the need for banks. ~~, Mark Yusko, billionaire investor and Founder of Morgan Creek Capital, https://www.bitcoinprice.com/predictions/
  160. "When transactions are verified on a Blockchain, banks become obsolete.", Mark Yusko, billionaire investor and Founder of Morgan Creek Capital, https://www.bitcoinprice.com/predictions/
  161. SnapshillBot quotes from delusional morons:
  162. "A bitcoin miner in every device and in every hand."
  163. "All the indicators are pointing to a huge year and bigger than anything we have seen before."
  164. "Bitcoin is communism and democracy working hand in hand."
  165. "Bitcoin is freedom, and we will soon be free."
  166. "Bitcoin isn't calculated risk, you're right. It's downright and painfully obvious that it will consume global finance."
  167. "Bitcoin most disruptive technology of last 500 years"
  168. "Bitcoin: So easy, your grandma can use it!"
  169. "Creating a 4th Branch of Government - Bitcoin"
  170. "Future generations will cry laughing reading all the negativity and insanity vomited by these permabears."
  171. "Future us will thank us."
  172. "Give Bitcoin two years"
  173. "HODLING is more like being a dutiful guardian of the most powerful economic force this planet has ever seen and getting to have a say about how that force is unleashed."
  174. "Cut out the middleman"
  175. "full control of your own assets"
  176. "reduction in wealth gap"
  177. "no inflation"
  178. "cannot print money out of thin air"
  179. "Why that matters? Because blockchain not only cheaper for them, it'll be cheaper for you and everyone as well."
  180. "If you are in this to get rich in Fiat then no. But if you are in this to protect your wealth once the current monetary system collapse then you are protected and you'll be the new rich."
  181. "Theres the 1% and then theres the 99%. You want to be with the rest thats fine. Being different and brave is far more rewarding. No matter your background or education."
  182. "NO COINERS will believe anything they are fed by fake news and paid media."
  183. "I know that feeling (like people looking at you as in seeing a celebrity and then asking things they don't believe until their impressed)."
  184. "I literally walk round everyday looking at other people wondering why they even bother to live if they don't have Bitcoin in their lives."
  185. "I think bitcoin may very well be the best form of money we’ve ever seen in the history of civilization."
  186. "I think Bitcoin will do for mankind what the sun did for life on earth."
  187. "I think the constant scams and illegal activities only show the viability of bitcoin."
  188. "I think we're sitting on the verge of exponential interest in the currency."
  189. "I'm not using hyperbole when I say Satoshi found the elusive key to World Peace."
  190. "If Jesus ever comes back you know he's gonna be using Bitcoin"
  191. "If this idea was implemented with The Blockchain™, it would be completely flawless! Flawless I tell you!"
  192. "If you're the minimum wage guy type, now is a great time to skip food and go full ramadan in order to buy bitcoin instead."
  193. "In a world slipping more and more into chaos and uncertainty, Bitcoin seems to me like the last solid rock defeating all the attacks."
  194. "In this moment, I am euphoric. Not because of any filthy statist's blessing, but because I am enlightened by own intelligence."
  195. "Is Bitcoin at this point, with all the potential that opens up, the most undervalued asset ever?"
  196. "It won't be long until bitcoin is an everyday household term."
  197. "It's the USD that is volatile. Bitcoin is the real neutral currency."
  198. "Just like the early Internet!"
  199. "Just like the Trojan Horse of old, Bitcoin will reveal its full power and nature"
  200. "Ladies if your man doesnt have some bitcoin then he cant handle anything and has no danger sex appeal. He isnt edgy"
  201. "let me be the first to say if you dont have bitcoin you are a pussy and cant really purchase anything worldwide. You have no global reach"
  202. "My conclusion is that I see this a a very good thing for bitcoin and for users"
  203. "No one would do such a thing; it'd be against their self interests."
  204. "Ooh lala, good job on bashing Bitcoin. How to disrespect a great innovation."
  205. "Realistically I think Bitcoin will replace the dollar in the next 10-15 years."
  206. "Seperation of money and state -> states become obsolete -> world peace."
  207. "Some striking similarities between Bitcoin and God"
  208. "THANK YOU. Better for this child to be strangled in its crib as a true weapon for crypto-anarchists than for it to be wielded by toxic individuals who distort the technology and surrender it to government and corporate powers."
  209. "The Blockchain is more encompassing than the internet and is the next phase in human evolution. To avoid its significance is complete ignorance."
  210. "The bull run should begin any day now."
  211. "The free market doesn't permit fraud and theft."
  212. "The free market will clear away the bad actors."
  213. "The only regulation we need is the blockchain."
  214. "We are not your slaves! We are free bodies who will swallow you and puke you out in disgust. Welcome to liberty land or as that genius called it: Bitcoin."
  215. "We do not need the bankers for Satoshi is our saviour!"
  216. "We have never seen something so perfect"
  217. "We must bring freedom and crypto to the masses, to the common man who does not know how to fight for himself."
  218. "We verified that against the blockchain."
  219. "we will see a Rennaisnce over the next few decades, all thanks to Bitcoin."
  220. "Well, since 2006, there has been a infinite% increase in price, so..."
  221. "What doesn't kill cryptocurrency makes it stronger."
  222. "When Bitcoin awake in normally people (real people) ... you will have this result : No War. No Tax. No QE. No Bank."
  223. "When I see news that the price of bitcoin has tanked (and thus the market, more or less) I actually, for-real, have the gut reaction "oh that’s cool, I’ll be buying cheap this week". I never knew I could be so rational."
  224. "Where is your sense of adventure? Bitcoin is the future. Set aside your fears and leave easier at the doorstep."
  225. "Yes Bitcoin will cause the greatest redistribution of wealth this planet has ever seen. FACT from the future."
  226. "You are the true Bitcoin pioneers and with your help we have imprinted Bitcoin in the Canadian conscience."
  227. "You ever try LSD? Perhaps it would help you break free from the box of state-formed thinking you have limited yourself..."
  228. "Your phone or refrigerator might be on the blockchain one day."
  229. The banks can print money whenever they way, out of thin air, so why can't crypto do the same ???
  230. Central Banks can print money whenever they way, out of thin air, without any consequences or accounting, so why can't crypto do the same ???
  231. It's impossible to hide illegal, unsavory material on the blockchain
  232. It's impossible to hide child pornography on the blockchain
  233. Fungible
  234. All Bitccoins are the same, 100% identical, one Bitcoin cannot be distinguished from any other Bitcoin.
  235. The price of Bitcoin can only go up.
  236. "Bubbles are mathematically impossible in this new paradigm. So are corrections and all else", John McAfee, 7 Dec 2017 @ 5:09 PM,https://mobile.twitter.com/officialmcafee/status/938938539282190337
  237. Scarcity
  238. The price of Bitcoin can only go up because of scarcity / 21 million coin limit. (Bitcoin is open source, anyone can create thir own copy, and there are more than 2,000+ Bitcoin copies / clones out there already).
  239. immune to government regulation
  240. "a world-changing technology"
  241. "a long-term store of value, like gold or silver"
  242. "To Complex to Be Audited."
  243. "Old Auditing rules do not apply to Blockchain."
  244. "Old Auditing rules do not apply to Cryptocurrency."
  245. "Why Bitcoin has Value: SCARCITY.", PlanB, Coin Shill, 22-Mar-2019, https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
  246. "Bitcoin is the first scarce digital object the world has ever seen, it is scarce like silver & gold, and can be sent over the internet, radio, satellite etc.", PlanB, Coin Shill, 22-Mar-2019, https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
  247. "Surely this digital scarcity has value.", PlanB, Coin Shill, 22-Mar-2019, https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
  248. Bitcoin now at $16,600.00. Those of you in the old school who believe this is a bubble simply have not understood the new mathematics of the Blockchain, or you did not cared enough to try. Bubbles are mathematically impossible in this new paradigm. So are corrections and all else", John McAfee, 7 Dec 2017 @ 5:09 PM,https://mobile.twitter.com/officialmcafee/status/938938539282190337
  249. "May 2018 will be the last time we ever see $bitcoin under $10,000", Charlie Shrem, bitcoin advocate and convicted felon, 11:31 AM 3-May-2018, https://twitter.com/CharlieShrem/status/992109375555858433
  250. "Last dip ever.", AngeloBTC, 14 Oct 2018, https://mobile.twitter.com/AngeloBTC/status/1051710824388030464/photo/1
  251. "Bitcoin May Have Just Experienced its Final Shakeout Before a Big Rally", Joseph Young, coin shill, October 15, 2018 22:30 CET, https://www.ccn.com/bitcoin-may-have-just-experienced-its-final-shakeout-before-a-big-rally/
  252. Bitcoin would be a buy if the price fell under $5,000., Mohamed El-Erian, chief economic advisor at Allianz, 29-Jun-2018, https://www.ccn.com/bitcoin-a-buy-below-5000-says-allianz-chief-economic-adviso
  253. 2013-11-27: ""What is a Citadel?" you might wonder. Well, by the time Bitcoin became worth 1,000 dollar [27-Nov-2013], services began to emerge for the "Bitcoin rich" to protect themselves as well as their wealth. It started with expensive safes, then began to include bodyguards, and today, "earlies" (our term for early adapters), as well as those rich whose wealth survived the "transition" live in isolated gated cities called Citadels, where most work is automated. Most such Citadels are born out of the fortification used to protect places where Bitcoin mining machines are located. The company known as ASICminer to you is known to me as a city where Mr. Friedman rules as a king.", u/Luka_Magnotta, aka time traveler from the future, 31-Aug-2013, https://www.reddit.com/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/
  254. 2018-02: Bitcoin price to hit $27,000 by February 2018, Trace Mayer, host of the Bitcoin Knowledge Podcast, and self-proclaimed entrepreneur, investor, journalist, monetary scientist and ardent defender, Link #1: https://mobile.twitter.com/TraceMayestatus/917260836070154240/photo/1, Link #2: https://www.bitcoinprice.com/predictions/
  255. 2018-06: "Bitcoin will surpass $15,000 in June [2018]." John McAfee, May 25, 2018, https://bitcoinist.com/john-mcafee-says-bitcoin-will-surpass-15000-in-june/
  256. 2018-07: Bitcoin will be $28,000 by mid-2018, Ronnie Moas, Wall Street analyst and founder of Standpoint Research, http://helpfordream.com/2018/12/23/5-bitcoin-price-predictions-gone-wrong/.
  257. 2018-12: Bitcoin to reach a price of between 40,000 and 110,000 US dollars by the end of the 2017 bull run ... sometime before 2019, Masterluc, 26-May-2017, an anonymous "legendary" Bitcoin trader, Link #1: https://www.tradingview.com/chart/BTCUSD/YRZvdurN-The-target-of-current-bubble-lays-between-40k-and-110k/, Link #2: https://www.bitcoinprice.com/predictions/
  258. 2018-12: "There is no reason why we couldn’t see Bitcoin pushing $50,000 by December [2018]", Thomas Glucksmann, head of APAC business at Gatecoin, Link #1: https://www.bitcoinprice.com/predictions/
  259. 2018-12: Listen up you giggling cunts... who wants some?...you? you want some?...huh? Do ya? Here's the deal you fuckin Nerds - Butts are gonna be at 30 grand or more by next Christmas [2018] - If they aren't I will publicly administer an electronic dick sucking to every shill on this site and disappear forever - Until then, no more bans or shadow bans - Do we have a deal? If Butts are over 50 grand me and Lammy get to be mods. Deal? Your ole pal - "Skully" u/10GDeathBoner, 3-Feb-2018 https://www.reddit.com/Buttcoin/comments/7ut1ut/listen_up_you_giggling_cunts_who_wants_someyou/
  260. 2018-12: 1 bitcoin = 1 Lambo. Remind me on Christmas eve [2018] u/10GDeathBoner, 3-Feb-2018, https://www.reddit.com/Buttcoin/comments/7ut1ut/listen_up_you_giggling_cunts_who_wants_someyou/dtn2pna
  261. 2018-12: Been in BTC since 2014 and experienced many "deaths" of BTC... this too shall pass... $10k end of the year. [2018] u/Exxe2502, 30-Jun-2018 https://reddit.com/Bitcoin/comments/8uur27/_/e1ioi5b/?context=1
  262. 2018-12: "Yale Alumni prediction - 30 Grand by Christmas [2018] - and you my friend... you will be the one eating Mcafee's dick in 2020. :) -:", u/SirNakamoto, 15-Jun-2018, https://www.reddit.com/Buttcoin/comments/8r0tyh/fdic_agrees_to_cover_bitcoin_losses_in_event_of/e0nzxq7
  263. 2018-12: "Impossible For Bitcoin Not to Hit $10,000 by This Year (2018)", Mike Novogratz, a former Goldman Sachs Group Inc. partner, ex-hedge fund manager of the Fortress Investment Group and a longstanding advocate of cryptocurrency, 22-Sep-2018, https://www.newsbtc.com/2018/09/22/billionaire-novogratz-impossible-for-bitcoin-not-to-hit-10000-by-this-yea
  264. 2018-12: "[Bitcoin] between $13,800 and $14,800 [by end of 2018]", Fundstrat's Tom Lee, 13-Dec-2018, https://www.cnbc.com/2018/12/13/wall-streets-bitcoin-bull-tom-lee-we-are-tired-of-people-asking-us-about-target-prices.html
  265. 2018-12: "Bitcoin is going to be $15k-$20k by the end of the year (2018)", Didi Taihuttu, 1-Nov-2018, https://www.wsj.com/video/series/moving-upstream/the-bitcoin-gamble/85E3A4A7-C777-4827-9A3F-B387F2AB7654
  266. 2018-12: 2018 bitcoin price prediction reduced to $15,000 [was $25,000], Fundstrat's Tom Lee, 16-Nov-2018, https://www.cnbc.com/2018/11/16/wall-streets-crypto-bull-tom-lee-slashes-year-end-forecast-by-10000.html
  267. 2018-12: "I want to be clear, bitcoin is going to $25,000 by year end (2018)", Fundstrat's Tom Lee, 5-Jul-2018, https://www.cnbc.com/video/2018/07/05/tom-lee-i-want-to-be-clear-bitcoin-is-going-to-25000-by-year-end.html
  268. 2018-12: "Bitcoin could be at $40,000 by the end of 2018, it really easily could", Mike Novogratz, a former Goldman Sachs Group Inc. partner, ex-hedge fund manager of the Fortress Investment Group and a longstanding advocate of cryptocurrency, 21-Sep-2018, https://www.youtube.com/watch?v=6lC1anDg2KU
  269. 2018-12: "Bitcoin will be priced around $50,000 by the end of the year (2018)", Bitcoin bull Arthur Hayes, co-founder and CEO of BitMEX, 29-Jun-2018, https://www.cnbc.com/2018/06/29/bitcoin-will-reach-50000-in-2018-says-founder-of-bitcoin-exchange.html
  270. 2018-12: "Bitcoin could definitely see $50,000 in 2018", Jeet Singh, cryptocurrency portfolio manager, speaking in January 2018 at the World Economic Forum in Davos, https://www.dcforecasts.com/new-prediction-says-bitcoin-hit-50000-2018/
  271. 2018-12: "Bitcoin will hit $100,000 this year (2018)", Kay Van-Petersen, an analyst at Saxo Bank, 17-Jan-2018, https://www.cnbc.com/2018/01/16/bitcoin-headed-to-100000-in-2018-analyst-who-forecast-2017-price-move.html
  272. 2018-12: "Bitcoin price to surpass the $100,000 mark by the end of 2018", Tone Vays, 21-Sep-2017, https://www.ccn.com/prominent-bitcoin-trader-price-is-heading-towards-100000-in-2018/
  273. 2018-12: "Bitcoin’s Price Will Surpass the $100,000 Mark by the End of 2018", Anonymous ("author" obviously too embarrassed to put his name to such bullshit "articles"), Oct-2018, https://investingpr.com/bitcoin-price-predictions-for-2018/
  274. 2018-12: "Our [2018] year-end bitcoin target is $7700.", James Stefurak, Founder at Monarch Research. See article: "Experts Forecast Bitcoin will rise by 2019", REF: https://hackernoon.com/experts-forecast-bitcoin-will-rise-by-2019-f4af8807036b?gi=dfea3c30d6d8
  275. 2018-12: "... we’ll see the price rally reaching its all-time of high of around $20K before the end of 2018", Khaled Khorshid, Co-Founder at Treon ICO. See article: "Experts Forecast Bitcoin will rise by 2019", REF: https://hackernoon.com/experts-forecast-bitcoin-will-rise-by-2019-f4af8807036b?gi=dfea3c30d6d8
  276. 2018-12: Bitcoin will end 2018 at the price point of $50,000, Ran Neuner, host of CNBC’s show Cryptotrader and the 28th most influential Blockchain insider according to Richtopia,https://www.bitcoinprice.com/predictions/
  277. Plus a whole host of wrong 2019 predictions (could not be included here because of post character limit issues), so please see my earlier post from 4 days ago: Ummm, remember those "Expert" Bitcoin Price Predictions for 2019 ..... ohhhhh dear ....., https://www.reddit.com/Buttcoin/comments/eiqhq3/ummm_remember_those_expert_bitcoin_price/
.
But it's NOT all bad news, some claims and promises are yet to be determined:
  1. Never going below $3K again
  2. Never going below $2K again
  3. Never going below $1K again
  4. Any others ? Please let me know.
submitted by Crypto_To_The_Core to Buttcoin [link] [comments]

If you hodl or trade, you`re the biggest problem with the world of cryptocurrencies.

There`s 3 components to a market economy: Spending, Savings & Investments. We only have 2 and those are way off balance.
Spending: Payments. Drives Inclusion & Adoption. Represents the primary bridge to real world assets.
Saving: Store of Value, Essential driver for stability. The ideea that your holdings are safe over time and don`t depreciate.
Investments: Trading, drives value of the economy, corrects inflation.
State of the nation:
IF there`s any chance at adoption, don`t just HODL. Don`t just DayTrade. Spend what you have. Money needs to move.
The moment you start spending a portion of cryptocurrencies, that money moves. The entire supply chain benefits. Miners Mine, Exchangers Exchange, Businesses get paid, Taxes get taxed. The underlying value of your holdings grows as you tell more people how you paid your AliBaba supplier in Bitcoin and didn`t have any trouble with your EU based bank making a fuss over "why you`re sending money to Asia".
If the only thing you do with Crypto is to buy it, hold it or trade it, it has no impact on real life. It`s not inviting more people to use it. Demand doesn`t grow. the value chain remains closed and non-inclusive. And it`s against the basic principles of Blockchain. You, the person who only has 10 USD in Dogecoin or the Hodler who has 8 bitcoins since Satoshi was in diapers, you`re responsible for the value of your assets and growth of your community. If you don`t SPEND it, people around you have NO reason to adopt. And if they do adopt, they do it for the wrong reasons and simply add to the volatility.
Introduction:
I`ve been in this space since 2009, reading all I could get my hands on. Coming from a poorly banked background and still having frustrations due to the inability of making online purchases at the time, just coming out of a recession, Bitcoin`s vision struck a nerve with me. I`ve been an avid believer in blockchain ever since and at no point did I buy crypto to store value, hedge my bets, invest, digital gold or any of this. I went in because it was, and still is: the easiest way to send money across the world. Ethereum`s smart contracts bring this simple function to a new level, introducing conditions to be met for the transfer itself. Simple, open, transparent, inclusive. Period.
What we`ve become, as a community:
As a whole, this community went from a group of passionate people who wanted an alternative to banks, government and politics, people who wanted to deal directly with other people, to something weird I can`t describe as a whole, but more as personas. Here`s what I`m seeing:
  1. The "I wanna buy Pizza with Bitcoin" crowd. I`m one of them. We just wanted a simple alternative, we were okay with volatility because we always knew the more people use it, more stable it gets as an alternative currency. Conspiracy theorists, tech geeks, scientists, curious people fascinated by the endless possibilities of a global, open banking system, built by the people, for the people. Joined from the first 3-4 years of Bitcoin, many still join it.
  2. The Hodlers: Also coined as the true "Believers". They`re responsible for the initial traction, and would rather liquidate their house than to "sell off" their Bitcoins. They see Bitcoin and other currencies as a "store of value" and see not much difference between buying/storing Gold and Crypto. Joined after the first group and peacefully co-existed with everybody so far. Most dedicated miners came from this group/generation of adopters.
  3. The Traders: People coming from the finance world. They either did Hedgefunds, Forex, VC. Smart opportunists that saw the first 2 groups, saw the potential value of the system as something to be gained from (nothing wrong with this) and heavily capitalize on it. These were the first guys to look at crypto as financial instruments and started fighting the compliance game. This is also where market manipulation started.
  4. The "Tokenize the world" generation. Driven by technology on one side, by the ICO madness on the other side, this opportunistic group wanted to create a token (and respective ICOs) for everything they could think of. Huge similarities between how everything needed a website in the 2000`s, everything needed an app in 2010, everything needed a coin/token started around 2016. Dogecoin is the perfect example of a joke that got way out of proportion, while the original ideea was to make fun of this particular group. Oh well, this group still garners a lot of traction/interest. This group is why we have 3000 shitcoins and who knows how many that never saw the light of day.
  5. The Consultants, Gurus, Ninjas. The "know it all`s". They`re all about the TREND, not about the substance. In the 90`s we had the "internet consultants" who were selling strategies for people to get online. Later the same people were selling strategies to get website traffic. Later, it was about the apps or about the cloud. Right now, it`s about blockchain, token economics, go to market, liquidity, or investing. Some are super smart, most are useless. The only thing that really bothers me is that consultants take no ownership in the success or failure of what they`re selling. As long as you cover their fees, they don`t care if their advice works or not and usually blame you for failing. These are the "market makers" of today, the youtube/facebook/twitteinstagram investment gurus who look at charts for 4 hours and make predictions without really having any skin in the game. Here`s what I never got my head around, if you know how to make a market for a coin, or really know how to invest in crypto.... WHY would you charge me 20k when you can make millions for yourself in less time than that? I guess it holds true: those that can, DO, those that can`t, Teach.
This brings us to the state of the market today.
Proposed solution:
Don`t wait for your government to regulate, don`t wait for banks or institutional investors to kick in, don`t wait for the media frenzy. Just do your part: spend, save and invest your crypto just as you would your USD/Euro/Yen/etc. If you`re a freelancer, accept crypto payments. if you run a business, accept crypto payments. If you have crypto, make crypto payments. This is the main reason we have crypto today and it`s exactly what we don`t use it for. Go back to basics and let`s see how influenced by "market volatility" or "market manipulation" or "media bias" the price will get.
Disclosure: Yes, trying to solve the adoption issue has led me to build a platform for e-commerce that also solves crypto-to-fiat payments for more than 2000 tokens. We walk the walk, not talk the talk.
I`d love to hear if you guys agree or disagree, and most importantly, Why?
C:\>
P.S. I love you
submitted by chrisorasanusdk to Bitcoin [link] [comments]

If you just hodl or trade, you`re the biggest problem with the world of cryptocurrencies.

TL;DR: There`s 3 components to a market economy: Spending, Savings & Investments. We only have 2 and those are way off balance.
Spending: Payments. Drives Inclusion & Adoption. Represents the primary bridge to real world assets.
Saving: Store of Value, Essential driver for stability. The ideea that your holdings are safe over time and don`t depreciate.
Investments: Trading, drives value of the economy, corrects inflation.
State of the nation:
IF there`s any chance at adoption, don`t just HODL. Don`t just DayTrade. Spend what you have. Money needs to move.
The moment you start spending a portion of cryptocurrencies, that money moves. The entire supply chain benefits. Miners Mine, Exchangers Exchange, Businesses get paid, Taxes get taxed. The underlying value of your holdings grows as you tell more people how you paid your AliBaba supplier in Bitcoin and didn`t have any trouble with your EU based bank making a fuss over "why you`re sending money to Asia".
If the only thing you do with Crypto is to buy it, hold it or trade it, it has no impact on real life. It`s not inviting more people to use it. Demand doesn`t grow. the value chain remains closed and non-inclusive. And it`s against the basic principles of Blockchain. You, the person who only has 10 USD in Dogecoin or the Hodler who has 8 bitcoins since Satoshi was in diapers, you`re responsible for the value of your assets and growth of your community. If you don`t SPEND it, people around you have NO reason to adopt. And if they do adopt, they do it for the wrong reasons and simply add to the volatility.
Introduction:
I`ve been in this space since 2009, reading all I could get my hands on. Coming from a poorly banked background and still having frustrations due to the inability of making online purchases at the time, just coming out of a recession, Bitcoin`s vision struck a nerve with me. I`ve been an avid believer in blockchain ever since and at no point did I buy crypto to store value, hedge my bets, invest, digital gold or any of this. I went in because it was, and still is: the easiest way to send money across the world. Ethereum`s smart contracts bring this simple function to a new level, introducing conditions to be met for the transfer itself. Simple, open, transparent, inclusive. Period.
What we`ve become, as a community:
As a whole, this community went from a group of passionate people who wanted an alternative to banks, government and politics, people who wanted to deal directly with other people, to something weird I can`t describe as a whole, but more as personas. Here`s what I`m seeing:
  1. The "I wanna buy Pizza with Bitcoin" crowd. I`m one of them. We just wanted a simple alternative, we were okay with volatility because we always knew the more people use it, more stable it gets as an alternative currency. Conspiracy theorists, tech geeks, scientists, curious people fascinated by the endless possibilities of a global, open banking system, built by the people, for the people. Joined from the first 3-4 years of Bitcoin, many still join it.
  2. The Hodlers: Also coined as the true "Believers". They`re responsible for the initial traction, and would rather liquidate their house than to "sell off" their Bitcoins. They see Bitcoin and other currencies as a "store of value" and see not much difference between buying/storing Gold and Crypto. Joined after the first group and peacefully co-existed with everybody so far. Most dedicated miners came from this group/generation of adopters.
  3. The Traders: People coming from the finance world. They either did Hedgefunds, Forex, VC. Smart opportunists that saw the first 2 groups, saw the potential value of the system as something to be gained from (nothing wrong with this) and heavily capitalize on it. These were the first guys to look at crypto as financial instruments and started fighting the compliance game. This is also where market manipulation started.
  4. The "Tokenize the world" generation. Driven by technology on one side, by the ICO madness on the other side, this opportunistic group wanted to create a token (and respective ICOs) for everything they could think of. Huge similarities between how everything needed a website in the 2000`s, everything needed an app in 2010, everything needed a coin/token started around 2016. Dogecoin is the perfect example of a joke that got way out of proportion, while the original ideea was to make fun of this particular group. Oh well, this group still garners a lot of traction/interest. This group is why we have 3000 secondary coins and who knows how many that never saw the light of day.
  5. The Consultants, Gurus, Ninjas. The "know it all`s". They`re all about the TREND, not about the substance. In the 90`s we had the "internet consultants" who were selling strategies for people to get online. Later the same people were selling strategies to get website traffic. Later, it was about the apps or about the cloud. Right now, it`s about blockchain, token economics, go to market, liquidity, or investing. Some are super smart, most are useless. The only thing that really bothers me is that consultants take no ownership in the success or failure of what they`re selling. As long as you cover their fees, they don`t care if their advice works or not and usually blame you for failing. These are the "market makers" of today, the youtube/facebook/twitteinstagram investment gurus who look at charts for 4 hours and make predictions without really having any skin in the game. Here`s what I never got my head around, if you know how to make a market for a coin, or really know how to invest in crypto.... WHY would you charge me 20k when you can make millions for yourself in less time than that? I guess it holds true: those that can, DO, those that can`t, Teach.
This brings us to the state of the market today.
Proposed solution:
Don`t wait for your government to regulate, don`t wait for banks or institutional investors to kick in, don`t wait for the media frenzy. Just do your part: spend, save and invest your crypto just as you would your USD/Euro/Yen/etc. If you`re a freelancer, accept crypto payments. if you run a business, accept crypto payments. If you have crypto, make crypto payments. This is the main reason we have crypto today and it`s exactly what we don`t use it for. Go back to basics and let`s see how influenced by "market volatility" or "market manipulation" or "media bias" the price will get.
Disclosure: Yes, trying to solve the adoption issue has led me to build a platform for e-commerce that also solves crypto-to-fiat payments for more than 2000 tokens. We walk the walk, not talk the talk.
I`d love to hear if you guys agree or disagree, and most importantly, Why?
C:\>
P.S. I love you
submitted by chrisorasanusdk to ethtrader [link] [comments]

2019 Cryptocurrency (Elliott Wave): Easter Update

05-APR-2019 Cryptocurrency (Elliott Wave): Bull Market…?
https://bitcointalk.org/index.php?topic=5128394.msg50467456#msg50467456
20-APR-2019 Cryptocurrency (Elliott Wave): Easter Update
https://bitcointalk.org/index.php?topic=5128394.msg50681435#msg50681435
12-MAY-2019 Cryptocurrency (Elliott Wave): Sell In May And Go Away?
https://bitcointalk.org/index.php?topic=5128394.msg51017295#msg51017295
17-JUN-2019 Cryptocurrency (Elliott Wave): Solstice Update
https://bitcointalk.org/index.php?topic=5128394.msg51505513#msg51505513
28-JUL-2019 Cryptocurrency (Elliott Wave): Inflection Point
https://bitcointalk.org/index.php?topic=5128394.msg51975328#msg51975328
26-OCT-2019 Cryptocurrency (Elliott Wave): Trick or Treat…?
https://bitcointalk.org/index.php?topic=5128394.msg52880531#msg52880531
24-NOV-2019 Cryptocurrency (Elliott Wave): Thanksgiving Update
https://bitcointalk.org/index.php?topic=5128394.msg53171045#msg53171045
24-DEC-2019 Cryptocurrency (Elliott Wave): Christmas Update
https://bitcointalk.org/index.php?topic=5128394.msg53430396#msg53430396
Since the 15-DEC-2018 low, the Bitcoin markets have rebounded with a 75% gain into Easter 2019 —quite a resurrection from the 2018 bear market which saw an 85% decline in value. With price action unfolding in impulsive waves thus far, it is becoming increasingly apparent to suggest a bull market is underway.
A simple Eggiott Wave model would propose a five wave structure, consisting of three advancing bull market waves, interwoven with two declining bear market waves. Overlaying this model onto Bitcoin suggests:
Wave 1: the first bull market wave 2010-2013 (1219 days), followed by; Wave 2: the first bear market wave 2013-2015 (426 days), followed by; Wave 3: the second bull market wave 2015-2018 (1065 days), followed by; Wave 4: the second bear market wave 2018-2019 (363 days), followed by; Wave 5: the third and final bull market wave 2019-? 
The five aforementioned have been considered as PRIMARY degree waves —such waves elapse the course of a few months to a couple of years.
Timewise, the first two bull markets (Waves 1 and 3) elapsed 1142 days on average; and, the first two bear markets (Waves 2 and 4) elapsed 395 days on average. Bull markets have lasted almost three times longer than bear markets. Thus, an intuitive linear projection would propose the current third and final bull market (Wave 5) to complete by the year 2022 or earlier. However, since the current fifth and final Eggiott Wave is by typical definition only required to revisit or just exceed the high of the third wave, it may suggest the current bull market may be comparatively contracted in price and time.
The first Bitcoin halving occurred on 28-NOV-2012, approx midway through the first bull market. The second Bitcoin halving occurred on 09-JUL-2016, approx midway through the second bull market. The third Bitcoin halving is tentatively scheduled for 21-MAY-2020, perhaps midway through the third and final bull market or at the end?
A common wave relationship guides the price of the fifth and final wave to be equal to, or extend a Fibonacci 1.618 times the length from the low of the first wave through to the high of third wave, projected from the low of the fourth wave. This provides a conservative target of the current bull market to conclude between $22912 and $35127 calculated using the BraveNewCoin (BNC:BLX) index…
@22912: PRIMARY[5] = (PRIMARY[1] + PRIMARY[3]) * 1 @35127: PRIMARY[5] = (PRIMARY[1] + PRIMARY[3]) * 1.618 
Projected from the 15-DEC-2018 low, the aforementioned conservative price targets are a 630% to 1020% gain, or 825% on average. The average gain alone would be sufficient enough to qualify the current fifth and final PRIMARY[5] wave which would exceed the 2017 high of the third PRIMARY[3] wave, albeit marginally.
However, for the popular altcoins like LTC and ETH, an 825% gain projected from their 2018 lows would only retrace half of their respective bear markets. Even a 1000% gain in LTC and ETH would fail to match their 2017 all-time highs. Furthermore, there are altcoins such as LTC where the 2018 bear market low overlapped the high of their respective 2013 bull markets highs. Such a price overlap negates an impulsive wave structure, and thus would suggest a corrective wave structure as follows (indicative of price/structure, not time):
The short to medium term wave structure of Bitcoin thus far appears to be impulsively advancing from the orthodox 06-FEB-2019 bear market low, with maximum pullbacks at 11% on average. Four waves seem to have completed which have been classified as MINUTE degree —waves of such degree elapse from a few days to a week:
24-FEB: MINUTE[i] 27-FEB: MINUTE[ii] 10-APR: MINUTE[iii] 15-APR: MINUTE[iv] 
The third MINUTE degree wave which completed on 10-APR, itself subdivided into five smaller impulsive waves classified as MINUETTE degree waves. A decline below the low of 15-APR would suggest MINUTE[iv] pullback is still in progress which ought to find support at the low of 04-APR. Otherwise however, it appears the final MINUTE[v] degree wave appears to be currently underway. Once MINUTE[v] completes, the first MINOR degree wave of the bull market will have completed, and the first largest pullback of the bull market will commence —perhaps an approx 30% decline. At this point in time, price will be required to decline to the 24-FEB high to terminate the proposed wave structure, and quite possibly the bull market. The degree of wave labeling is currently tentative and subject to revision (i.e. may be either upgraded or downgraded in degree); however, the waves remain fixed.
BITSTAMP Support Zones: 5198, 4306, 3322, 2713, 2221 BITSTAMP Resistance Zones: 5898, 6390, 6882/7026, 7491 
Charts are indicative of price/structure, not time.
submitted by 12345abcde00001 to BitcoinMarkets [link] [comments]

12-16 22:14 - 'HELP PROMOTE BITCOIN' (self.Bitcoin) by /u/DaMonk2019 removed from /r/Bitcoin within 49-59min

'''
Dont throw the prices and yields or personal gains on Bitcoin in your friends or familys face this holiday time.. maybe instead, bring up the core values of decentralization payments, peer to peer transactions ox all kinds of data.. and of course the fact that BTC goes from strength to strength. This time last year or something like that, 2010 maybe, BTC was at it's all time low.. maybe it was just for that year exactly 1 year later it's still dumping massively but STILL over 103% increase in value. If they dont want to look at it as a payme t system ...(yet), then use it as a money box. Explain how fiat will always make people poorer than before without realizing but BTC wont. Only market volatility is what we watch for HODLers. Explain a little, even open them a wallet and use your referral for Coinbase or some other wallet and get money yourself. Get them to link their bank, just as PayPal would, and if needed, send them some crypto... $10 worth of BTC. If they add to it then great, if they dont, keep checking the balance for them when your together and they will see it riskng and falling.. and that in itself will induce interest. The problem right now is the BTC dumps. To counter this, we need the order books filled with orders (longs) for below market price expecting a pump. A $10 stake will help, but we need to rally for bitcoin as this is at a critical level for the long od crypto, the first and most valuable and possibly the best find of the 21st century. Twitter look up DarDaMonk and the hash is... # RallyForBitcoin Help get the tag on a trend... it's been seen worldwide. If interested, I have a oink to register to Coinbase and will send you it if you dknt have an account.
Also have a trading course, just a one off fee for charts and what they mean a basic profit method and alot more. Subscription trade calls and setups. NOT MANDATORY.... but please do get the coinbase thing going and in support we are all changing our social media profile AVATARS to Bitcoin logos so if you would do that, it shows you support the safe, decentralized, minimal fee payme t system, run on a blockchain which is the future. DKNT WAIT. DO IT NOW!
'''
HELP PROMOTE BITCOIN
Go1dfish undelete link
unreddit undelete link
Author: DaMonk2019
submitted by removalbot to removalbot [link] [comments]

Bitcoin Moon Math Update

It looks like we're continuing to beat the expectations of the Moon Math table. Using the closing price last night, the table is showing what we already hope for, Bitcoins selling at a fair market value of 1 million USD each by the end of 2021.
If we rocket through the bull channel that we've been bouncing off of for at least the last year then I expect that the Moon Math table will enter a new paradigm where price projections are consistently pessimistic. For now, that future seems overly optimistic.

Azop's Rainbow Charts

Moon Math Table

Label 30-day Performance 60-day Performance 90-day Performance 2017 - Present Performance 2016 - Present Performance 2015 - Present Performance 2014 - Present Performance 2013 - Present Performance 2012 - Present Performance 2011 - Present Performance July 2010 - Present Performance
Doubling Period in Days 88 65 124 115 174 239 461 201 213 179 170
Compounding Daily Periodic Rate 0.82% 1.11% 0.58% 0.63% 0.45% 0.30% 0.16% 0.36% 0.34% 0.40% 0.42%
Over $8,000.00 on 2017-11-27 2017-11-24 2017-12-01 2017-11-30 2017-12-06 2017-12-16 2018-01-13 2017-12-11 2017-12-13 2017-12-08 2017-12-07
Over $10,000.00 on 2017-12-24 2017-12-14 2018-01-09 2018-01-05 2018-01-25 2018-02-28 2018-06-05 2018-02-11 2018-02-17 2018-02-02 2018-01-29
Over $100,000.00 on 2018-10-01 2018-07-10 2019-02-09 2019-01-08 2019-06-21 2020-04-04 2022-06-20 2019-11-16 2020-01-01 2019-08-28 2019-07-29
Over $1,000,000.00 on 2019-07-09 2019-02-04 2020-03-11 2020-01-11 2020-11-15 2022-05-10 2026-07-05 2021-08-20 2021-11-14 2021-03-23 2021-01-24
http://moonmath.win
submitted by jarederaj to Bitcoin [link] [comments]

Your Daily Moon Math - 2017-01-11

http://MoonMath.Win automatically updated at 2:00 am GMT today.
There’s a twitter account for Moon Math now: https://twitter.com/MoonMathWin. I’ll set up a bot that automatically posts on twitter when Moon Math updates.
Is the price high? Does it feel high to you? How do we even determine that?
We know we're in a long-term bull channel. There's no reason to believe we've fallen out of it. Fundamentals haven't changed. Promises haven't been broken. The issues that are here today are the same issues that were here last week and last month.
What has changed? We have Lightning. We have Segwit. We have the best development team with the most experience implementing their own vision. Everything is going our way. What changed?
Transaction fees have changed, and with higher transaction fees user adoption has slumped.
Is that a problem that kills Bitcoin? No. We don't want it to stay that way. Core doesn't want it to stay that way. What Core wants is to put us onto a path that allows us to scale long-term without bloating the Blockchain out of existence.
Some people disagree with the approach Core has taken, and they're wrong. The realization that they're wrong is coming in waves. The final wave will happen when transaction fees are reasonable and the average value of every Bitcoin transaction begins to level off and drop. When that happens everyone who is selling today will wish that they had been buying instead.
Are lower prices coming? Maybe.
Has the "holy hell" I described at the beginning of the week come and gone? Maybe.
Are we making a moderate buy recommendation anyway? Absolutely.
Go to http://MoonMath.Win for Bitcoin Rainbow charts and the full Moon Math table.
Principles:
Good hunting.
Go to http://moonmath.win for the full update and rainbow charts
Label 7-day Performance 30-day Performance 60-day Performance 90-day Performance 2017 - Present Performance 2016 - Present Performance 2015 - Present Performance 2014 - Present Performance 2013 - Present Performance 2012 - Present Performance 2011 - Present Performance July 2010 - Present Performance
Starting Price USD $15,155.23 $17,178.10 $5,857.32 $5,640.13 $997.69 $434.46 $313.92 $770.44 $13.30 $5.27 $0.30 $0.09
Compounding Daily Periodic Rate -1.86% -0.85% 1.37% 0.96% 0.69% 0.46% 0.34% 0.19% 0.38% 0.36% 0.42% 0.44%
Over $20,000.00 on Never!!! Never!!! 2018-02-09 2018-02-22 2018-03-09 2018-04-07 2018-05-09 2018-08-08 2018-04-26 2018-05-01 2018-04-13 2018-04-08
Over $31,622.78 on Never!!! Never!!! 2018-03-14 2018-04-11 2018-05-14 2018-07-15 2018-09-21 2019-04-02 2018-08-25 2018-09-07 2018-08-01 2018-07-21
Over $100,000.00 on Never!!! Never!!! 2018-06-06 2018-08-09 2018-10-28 2019-03-21 2019-08-27 2020-11-16 2019-06-27 2019-07-27 2019-05-03 2019-04-10
Over $1,000,000.00 on Never!!! Never!!! 2018-11-20 2019-04-07 2019-09-25 2020-07-31 2021-07-05 2024-02-17 2021-02-27 2021-05-03 2020-11-05 2020-09-17
nannal 's A+ on NEVER!!! NEVER!!! 2018-07-20 2018-10-31 2019-04-02 2020-04-17 NEVER!!! NEVER!!! NEVER!!! NEVER!!! 2020-10-01 2020-07-10
http://moonmath.win
submitted by jarederaj to BitcoinMarkets [link] [comments]

Your Daily Moon Math 2017-12-07

You're all a bunch of degenerate addicts... and I love you all.
I started making this when the price was at 16k. Damnit, guys. Help a brother out? Just slow down a bit. Everthing in moon math is fucked up, because the price hasn't ever moved this much while I've been making the charts. The 12 old hour values for the price are ancient. So, we're getting some mixed reporting today.
2 Moon Math tables. 1 for today's price action... kinda. Another normal chart. Rainbow charts a little messed up. Live with it.
We need a major moon math update tomorrow if we're going to be up here at the end of the day. Lots of changes are needed in the rainbow charts. Only a partial release of those.
Dat Nannaling, though...

Azop's Rainbow Charts

Moon Math Table

Label 30-day Performance 60-day Performance 90-day Performance 2017 - Present Performance 2016 - Present Performance 2015 - Present Performance 2014 - Present Performance 2013 - Present Performance 2012 - Present Performance 2011 - Present Performance July 2010 - Present Performance
Doubling Period in Days 32 38 60 93 147 204 366 185 198 170 163
Compounding Daily Periodic Rate 2.23% 1.90% 1.19% 0.77% 0.45% 0.35% 0.20% 0.39% 0.36% 0.42% 0.44%
Over $20,000.00 on 2017-12-23 2017-12-25 2018-01-07 2018-01-24 2018-05-02 2018-03-24 2018-06-20 2018-03-12 2018-03-20 2018-03-03 2018-03-05
Over $31,620.00 on 2018-01-12 2018-01-19 2018-02-14 2018-03-24 2018-08-12 2018-08-01 2019-02-08 2018-07-08 2018-07-24 2018-06-19 2018-06-17
Over $100,000.00 on 2018-03-05 2018-03-20 2018-05-22 2018-08-20 2019-04-24 2019-06-23 2020-09-14 2019-04-30 2019-06-06 2019-03-18 2019-03-04
Over $1,000,000.00 on 2018-06-16 2018-07-19 2018-11-30 2019-06-14 2020-09-17 2021-04-05 2023-11-27 2020-12-12 2021-03-02 2020-09-10 2020-08-06
nannal 's A+ on 2018-03-16 2018-04-03 2018-06-15 2018-10-07 2019-07-12 2020-03-07 NEVER!!!! 2020-03-07 NEVER!!!! 2019-08-31 2019-07-25
The Nannaling 82% What the shit is this?
nannal 2020 73% Read about it

Advance Copy Moon Math Table

Label 30-day Performance 60-day Performance 90-day Performance 2017 - Present Performance 2016 - Present Performance 2015 - Present Performance 2014 - Present Performance 2013 - Present Performance 2012 - Present Performance 2011 - Present Performance July 2010 - Present Performance
Doubling Period in Days 26 33 52 88 140 195 345 181 194 167 160
Compounding Daily Periodic Rate 2.80% 2.18% 1.38% 0.82% 0.45% 0.37% 0.21% 0.40% 0.37% 0.43% 0.45%
Over $20,000.00 on 2017-12-13 2017-12-15 2017-12-21 2017-12-31 2018-05-02 2018-02-02 2018-03-21 2018-01-27 2018-02-01 2018-01-22 2018-01-25
Over $31,620.00 on 2017-12-29 2018-01-05 2018-01-23 2018-02-25 2018-08-12 2018-06-06 2018-10-27 2018-05-22 2018-06-04 2018-05-08 2018-05-08
Over $100,000.00 on 2018-02-09 2018-02-27 2018-04-17 2018-07-15 2019-04-24 2019-04-15 2020-04-30 2019-03-07 2019-04-11 2019-01-30 2019-01-20
Over $1,000,000.00 on 2018-05-02 2018-06-12 2018-09-30 2019-04-21 2020-09-17 2020-12-29 2023-05-09 2020-10-05 2020-12-22 2020-07-18 2020-06-17
nannal 's A+ on 2018-02-17 2018-03-10 2018-05-06 2018-08-25 2019-05-23 2019-11-12 NEVER!!!! 2019-11-12 NEVER!!!! 2019-06-24 2019-05-25
The Nannaling 82% What the shit is this?
nannal 2020 91% Read about it
submitted by jarederaj to BitcoinMarkets [link] [comments]

Major Moon Math Update 2017-11-02

The Calculated Update

Several changes today, aside from the financial changes of consecutive ATH days.
Reddit is giving me more columns now, so I'm using them. Moon Math goes all the way back to July 2011. If we can agree on a price for January 1st, 2011, then I'll adjust to that.
I'm adjusting how the trends are determined in Azop's charts. The full rainbow trend will be updated daily to track with the 2012 CDPR. The 2017 trend will be drawn based on the 2017 CDPR. It's a subtle change, but you'd notice if you followed azop closely. He would adjust these rates periodically, too. I had them fixed at the values of his last post until today.
nannal 2020 and The Nannaling will now be calculated against all 11 columns. So, it's going to be a lot harder to score a 50%. As if it wasn't hard enough.

Azops Rainbow Charts

https://imgur.com/a/ZNs55

Full Moon Math Table

Label 30-day Performance 60-day Performance 90-day Performance 2017 - Present Performance 2016 - Present Performance 2015 - Present Performance 2014 - Present Performance 2013 - Present Performance 2012 - Present Performance 2011 - Present Performance July 2010 - Present Performance
From Date 2017-10-02 2017-09-02 2017-08-03 2017-01-01 2016-01-01 2015-01-01 2014-01-01 2013-01-01 2012-01-01 2011-01-01 2010-07-18
Starting Price USD $4,386.88 $4,580.39 $2,794.12 $997.73 $432.00 $312.00 $804.00 $12.50 $5.27 $0.30 $0.09
% Change 152% 146% 239% 668% 1543% 2136% 829% 53322% 126476% 2221769% 7405896%
Doubling in months 1.7 3.8 2.4 3.8 5.8 8.0 15.7 6.6 7.1 5.9 5.6
Doubling Period in Days 51 115 74 115 176 243 476 202 215 179 171
Days in period 30 60 90 304 670 1035 1400 1765 2132 2497 2664
Compounding Daily Periodic Rate 1.40409% 0.63% 0.97% 0.63% 0.45% 0.30% 0.15% 0.36% 0.33558% 0.40% 0.42%
Daily Periodic Rate 1.73% 0.76% 1.54% 1.87% 0.94% 0.53% 0.20% 0.73% 0.66% 0.91% 1.00%
Annual Rate of Investment 632% 277% 562% 682% 344.0% 194.4% 73.6% 266.4% 239.7% 331.9% 364.7%
Over $7,500.00 on 2017-11-10 2017-11-20 2017-11-14 2017-11-20 2017-11-28 2017-12-11 2018-01-19 2017-12-05 2017-12-07 2017-12-01 2017-11-30
Over $8,000.00 on 2017-11-15 2017-12-01 2017-11-20 2017-12-01 2017-12-12 2018-01-02 2018-03-02 2017-12-23 2017-12-26 2017-12-17 2017-12-15
Over $9,000.00 on 2017-11-23 2017-12-20 2017-12-03 2017-12-20 2018-01-07 2018-02-11 2018-05-19 2018-01-25 2018-01-30 2018-01-15 2018-01-12
Over $10,000.00 on 2017-12-01 2018-01-05 2017-12-13 2018-01-05 2018-01-31 2018-03-19 2018-07-28 2018-02-24 2018-03-03 2018-02-11 2018-02-06
Over $50,000.00 on 2018-03-26 2018-09-20 2018-05-29 2018-09-20 2019-01-24 2019-09-14 2021-06-27 2019-05-22 2019-06-26 2019-03-19 2019-02-23
Over $100,000.00 on 2018-05-15 2019-01-09 2018-08-09 2019-01-09 2019-06-28 2020-05-05 2022-09-29 2019-12-03 2020-01-19 2019-09-08 2019-08-07
Over $1,000,000.00 on 2018-10-27 2020-01-12 2019-04-04 2020-01-13 2020-11-22 2022-06-22 2026-12-01 2021-09-10 2021-12-06 2021-04-05 2021-02-04
nannal 's A+ on 2018-05-30 2019-03-24 2018-09-08 2019-03-25 2019-12-28 NEVER!!!! NEVER!!!! NEVER!!!! NEVER!!!! NEVER!!!! 2020-03-31
The Nannaling 54.5% What the shit is this?
nannal 2020 45.5% Read about it
http://moonmath.win
submitted by jarederaj to BitcoinMarkets [link] [comments]

[Article] Debunking the theory that a "deflationary" currency cannot be the basis of a functioning economy

Many economists argue that a low level of inflation (approx 1-2%) is required in order to maintain a productive and functioning economy. This is evidenced in the fact that most central banks have low level inflation as a target of their monetary policy objectives: The European Central Bank, Bank of England, and the Federal Reserve to name a few [1].
As a result, detractors of bitcoin say that it can never become a currency as it is deflationary in nature [2]. That is, there will only ever be 21 million bitcoin in existence. This means that over time once all of these coins are in circulation, there will be no new supply of bitcoin, and so any demand increase will result in a price increase. Currently there is around 4.3% annual inflation of Bitcoin's supply [3], and by 2028 that is projected to fall to below 1% [4]. Furthermore, if the anonymous 'Satoshi' has truly vanished then there are another 1M coins out of circulation [5]; and some studies suggest the total number of lost bitcoin is nearing 3M coins [6], a number that can only increase over time.
Due to these 'missing' bitcoins, the supply of Bitcoin will become increasingly scarce, and so their value is expected to rise given a constant or increasing level of demand. This means that goods and services will fall relative to their bitcoin valuation, resulting in deflation (deflation = the price level of goods & services in an economy decreasing). The traditional argument then goes as follows: due to goods & services becoming cheaper over time, saving is incentivized. After all, why would one buy a car for 1000 bits when it can be purchased for 998 bits tomorrow? A common example people point to as evidence for this is the infamous 10,000 BTC pizza purchase in 2010 which at today's valuation costs 100M USD [7].
However, this argument against bitcoin as a currency is flawed on two levels.
(1) When pointing to examples such as the pizza purchase, or the rapid increase in bitcoin's value, people are misattributing the cause of the deflation by assuming it is to do with bitcoins supply. In fact, in the years since the pizza purchase, the total supply of bitcoin has increased from 3 million BTC to 16 million BTC. This is a more inflationary supply increase than even the USD over the same period of time [8]. The real causes of bitcoin's price increase (and thus deflationary properties) in this period can be attributed to the parabolic nature of adoption that bitcoin has seen since its creation [9]. When looking at the practical nature of bitcoin as a world currency, and then drawing stats from the coin in its infancy, you are committing the fallacy of false equivalency [10] as the evidence presented is from a period of increasing adoption while a global currency would imply full or near full adoption. At the 'early adopters' stage we will see major +/- % fluctuations regularly, however if worldwide adoption was to be achieved then these value changes would be far smaller and much less significant. For example, the dollar, the world reserve currency, fluctuates on average by 92 pips in a day (1 pip = 0.0001 USD). Applying this same level of stability to a mass adopted bitcoin, and we see that the price fluctuations would become far smaller and less significant the greater the capitalization of the currency. Thus, in order to assess the viability of bitcoin as a world currency, one must start with a situation where bitcoin is a world currency in the first place.
(2) The second flaw of this argument is to assume that deflation will always lead to a deflationary spiral and thus collapse of the economy. With this same logic, one could argue that inflation will always lead to an inflationary spiral and thus an economy collapse as people see price levels rising, and thus are incentivized to spend their money NOW before they increase any further. This then leads prices to rise further and the effect to spiral out of control. CLEARLY though we can see that inflation does not always lead to an inflationary spiral as all western economies operate on an inflationary model. And thus to try use this logic that is empirically flawed as an argument of deflation is self defeating: Levels of inflation will not always lead to inflationary spirals, and levels of deflation will not always lead to deflationary spirals. It is this excessive quantity of inflation or deflation that will result in a spiral, not the attributes of inflation or deflation in isolation.
In the same way that 1-2% inflation per year is small enough to not trigger an inflationary spiral of panic, a small amount of deflation on a yearly basis would not trigger this deflationary spiral. In fact, we have evidence to support this claim. In the UK over the period of 1983-2006 we had interests rates that were higher than the rate of inflation [11], this would mean that consumers are incentivized to save instead of spend as they would have greater purchasing power in the future(i.e. there is deflationary pressure), yet we did not see an economic meltdown during these times. What we actually saw over this time period was a DECREASE in the savings ratio of the average UK household [12], from around 15% of income to just under 10% despite the fact that any money saved would have compounded 5% more inflation adjusted purchasing power per annum. At first this might seem to be irrational behavior but there are some speculative reasons as to why this was the case. One theory suggests that consumers do not notice inflationary or deflationary pressures in small quantities and thus do not make economic decisions based on them. Another one would say that despite the deflationary pressures, there are some purchases that are necessary and therefore cannot be delayed. i.e. the supermarket shop might be a small % cheaper in 1 years time, but it is necessary to do it now in order to survive. Finally, it can also be argued that as deflationary pressures make consumers feel wealthier, they are more inclined to go out and spend this wealth, thus decreasing their savings rate.
The arguments presented above show that perhaps Keynesian economic thinking is too narrow, and that an economy can be run on the back of a currency with deflationary pressures as these pressures in the right quantity will not result in a deflationary spiral, and have the advantage of not eroding the wealth of the population in a way that benefits the wealthy and hinders the poor (see: threshold effects of inflation for more information on this matter). While this article has argued that a deflationary currency can run an economy, it is a topic of future article to discuss which model of the economy is preferable.
Till next time,
Logical Crypto
Sources:
[1] https://en.wikipedia.org/wiki/Inflation_targeting#Summary
[2] https://www.theatlantic.com/business/archive/2013/12/why-bitcoin-will-never-be-a-currency-in-2-charts/282364/
[3] https://charts.bitcoin.com/chart/inflation#lf
[4] https://cointelegraph.com/storage/uploads/view/1d067f3721f10f0a76439de9860a4e54.png
[5] https://qz.com/1107843/bitcoins-btc-new-record-price-of-6000-means-satoshi-nakamoto-is-worth-5-9-billion/
[6] http://uk.businessinsider.com/nearly-4-million-bitcoins-have-been-lost-forever-study-says-2017-11
[7] https://en.bitcoin.it/wiki/Laszlo_Hanyecz
[8] https://upload.wikimedia.org/wikipedia/en/5/58/MB%2C_M1_and_M2_aggregates_from_1981_to_2012.png
[9] https://blockchain.info/charts/n-transactions-total?timespan=all
[10] https://en.wikipedia.org/wiki/False_equivalence
[11] https://www.economicshelp.org/wp-content/uploads/2012/01/inflation-interest-rates-1945-2011.png
[12] https://tradingeconomics.com/united-kingdom/personal-savings
submitted by LogicalCrypto to btc [link] [comments]

New rule! Also are cryptocurrencies an investment, will there be a crash? Everything answered here!

This is going to be the only crypto post for now and an announcement:
Rule 6: Bitcoins & cryptocurrenies should be discussed in CryptoCurrency. Posts regarding this topic will be automatically removed.
If there's a stock correlated with cryptocurrencies, like coinbase going IPO, then that's fine, you might have to message the mods after posting to have it approved, no big deal.
Also if you're questioning whether something is an investment or not, just search for it on personalfinance. For general currency trading strategies, see forex .
If you're wondering if bitcoins are an investment or if there will be a crash, read on.

Are cryptocurrencies an investment?

This post is going to deal with bitcoins & cryptocurrencies as an investment... they're more speculative. All currencies are speculative mostly due to how the forex market works, but more because of exchange rates between countries keep currencies balanced (including inflation, country debt, interest rates, political & economic stability, etc), so you can only profit in price fluctuations.
Sure you could buy the currency of a depressed country, like Mexico decades ago, and then hold in the hopes it'll go up (which it did for Mexico), but that's also speculation (no one knew Mexico would pay off so much debt).
Bitcoins are also affected by other countries' currency values, but more so by the future expectation of legitimacy, world wide adoption, limited gains from mining, and eventual limit in supply. But at any given moment the United States could pay off more debt, raise interest rates to reduce inflation (or cause deflation), grow GDP, or even reduce the supply of USD all of which would increase the value of USD (keep in mind bitcoins can't do any of these things).
Far too many people are treating cryptocoins as an investment because currently (June 5th 2017) a lot of crypto investors are worth a lot of money, god bless you people, so this post will also help you determine if we're headed for a crypto crash and maybe you can keep those profits.

Should I invest in cryptocurrencies?

Understand that an investment is something you hope will go up in the future or provide income, both of which for the long term vs speculation which profits on short term inefficiencies.
Speculative securities are typically commodities, options, bonds, and currencies, but also stocks that are volatile enough to give you extreme returns or extreme loses.

Examples of investments:

Examples of speculation:

Reducing the risk of speculation

Typically for speculation you reduce risk by reducing your trade size and timeframe, but since you're trying to invest into something that is speculative, you can try:
Asset allocation, a strategy that reduces risk.. If you're 80% stocks, 15% bonds, 4% gold, and 1% bitcoins, if something were to happen to bitcoins, you still have 99% of your money.
But even very aggressive long term portfolios leave speculation out completely and just go 100% stocks because stocks benefit from growth while speculative securities like gold benefit from global turmoil in the short term. Only mid risk & mid term portfolios can take advantage of gold's speculative returns.
I also mention asset allocation because many crypto investors have been using this strategy on a portfolio of 100% crypto coins, but that doesn't help you reduce the overall risk of crypto coins, you're just reducing the risk of 1 speculative asset with another speculative asset. 100% crypto portfolio would face the same risks such as being made illegal, IRS aggressively hunting down crypto profits, a drop in correlated coin markets, or just a loss of popularity would all cause a sell off. Even the USD or Chinese currencies becoming more valuable would reduce the value of crypto coins.

Should I buy coins right now?

Cryptocoins are a better investment after a period of consolidation when volatility has stabilized:

Bitcoin 2013/2014 speculation, chart

Bitcoin 2015 consolidation, chart

Source Bitstamp exchange, while the volume is #2 to GDAX, Bitstamp is better to look at for historical price/data, more charts here.

RSI & MACD key for above charts and primer

Analyzing overbought signals

So the first chart above have RSI & MACD screaming that bitcoin is overbought and you shouldn't invest in 2013/2014.
The black squares in the 2nd chart show consolidation and reduced volatility, a "better" time to invest. If you were trading short term, it would be a whole different story, and there would be opportunities to buy & short, but since this is written for investing, the small overbought signals are ignored, so if you were to buy Bitcoin at $300 inside the first blacksquare (2nd chart) and then it suddenly drops to 25%, it's okay because the volatility is much lower compared to previous price movements (nothing compared to 80% loss in the 1st chart). Any investor would tell you a 25% drop is terrible, but bitcoins are speculative and that kind of drop is pretty damn good for this level of volatility.

Nothing goes straight up forever

and anything that comes near this vertical incline will eventually lose 80% to near 100%, always happens, it's usually preceded by emotions (price euphoria), attention, and increased volume, all classic signs that something is becoming riskier.
Other speculative securities gaining multiples and then losing 80% to near 100% of value:

Notable comments on reddit:

*This is just to get you guys looking at different subs on this topic, and yeah it's mostly anti-crypto, but don't let that discourage you.

Is Bitcoin going to crash?

Maybe, the signals are getting louder, you tell me: The only chart you wanted to see this entire time.
So based on the above chart, is bitcoin overbought? MACD levels are the same as 2013's crash, but the increased in value is around 4.3x or 2.4x (depending on which you look at), so maybe we'll see another spike before a crash, I don't know, it's up to interpretation right now. There's the emotional price levels of 3000 and 4000 that we might have no problem getting to in an overbought environment before a correction. And how big will the correction be? I think 80%, but it very well could be around 50% down to $1200, the previous level of resistance which would become support.
I put everything above in its own wiki here.
Well I hope that helps everyone. Sorry to anyone that may feel butthurt on classifying cryptocoins as speculation, I hope you understand the facts. Feel free to argue or agree with this. If I made any mistakes and you point them out, I'll correct them and give you credit for it in an update to this post and the wiki.
Also the automod will is just going to blanket remove posts (not comments) with the following keywords {crypto, bitcoin, btc, etherium, altcoin} (see update 4 below) (this will eventually get relaxed if Coinbase ever IPOs) and then it'll send the user this message:
"Sorry your post[link] was removed in stocks because of rule 6: Bitcoins & cryptocurrenies should be discussed in CryptoCurrency. You can find more information in our are-cryptocurrencies-investments wiki. If you're trying to discuss a non-OTC stock related to cryptocoins like Coinbase IPO, or this was just a mistake, message the mods and they'll approve your post, thanks."
Update: Created wiki, added relevant websites and sub reddits. Also turned on automod reply.
Update2: those relavant websites and subreddits I put into the wiki, thanks u/dross99 for recommending ethereum

Relevant websites/wikis

Relevant subreddits

  • CryptoCurrency - main sub to learn about all bit & altcoins
  • ethtrader - trading eth
  • ethereum - for more eth information
  • btc - the place to have bitcoin discussions or r/CryptoCurrency; while Bitcoin does have a lot of information on Bitcoins in general, you'll find many reddit subs completely opposed to Bitcoin for heavy censorship of discussions, especially those critical of bitcoins, so you're better off reading the sub's wikis and discussing bitcoins in btc & r/CryptoCurrency
  • personalfinance
Update3: Shoutout to the mods on CryptoCurrency
Update4: Updated auto mod keywords, it's not a blanket catch all, a little completed to understand if you don't know regex but it looks like this
"crypto ?(trading|investing)","(should(| I)|could(| I)|can(| I)|how to|is it worth) (buy|sell|mine|min)(|ing) (btc|btcs|bitcoin|ether|etherium|eth|litecoin|ripple|altcoin)" 
submitted by provoko to stocks [link] [comments]

Even If Bitcoin Was Just $1 It Would Still Function Perfectly As A Currency, Stop Worrying About The Price

Even If Bitcoin Was Just $1 It Would Still Function Perfectly As A Currency, Stop Worrying About The Price

https://preview.redd.it/fknwmx1w96221.jpg?width=890&format=pjpg&auto=webp&s=4adc81ddf527365d626431ea9da438b50ea4c60d
http://genesisblocknews.com/even-if-bitcoin-was-just-1-it-would-still-function-perfectly-as-a-currency/
Most people in the crypto space are fascinated at the price of Bitcoin and stare at the charts all day, in the same way deer are fascinated by headlights. Crypto users, and even the mainstream media, thinks that when the price of Bitcoin goes up that somehow means Bitcoin gets bettehealthier, and when the price goes down that means Bitcoin is getting weaker or about to die. Such people do not understand the point or purpose of Bitcoin, which is to be decentralized peer to peer money. People that closely watch the price of Bitcoin think the purpose of Bitcoin is to be an investment, and while it is true that Bitcoin can be an investment, that is not the purpose of Bitcoin. The idea that Bitcoin’s sole purpose is to be an investment is a contagion in the crypto space that must be eradicated.
The truth is, Bitcoin works perfectly as a decentralized form of money no matter what the price is. Bitcoin could even be $1 and the network would function perfectly fine, and people would still be able to buy goods and services instantly and securely with Bitcoin. Indeed, Bitcoin went as low as 1 cent on Mt. Gox in late 2010, and it is not like Bitcoin died; Bitcoin flourished after that point.
Even if Bitcoin was worth $1 each, it would still be better than fiat currency like the USD, since Bitcoin’s price has no relevance to its true value. The value of Bitcoin stems from its decentralization, and Bitcoin’s impregnable cryptographic security ensures that decentralization will not be infringed upon. No government or entity can control or print Bitcoin, no matter how much they want to. Bitcoin exists on every computer that runs a Bitcoin node, and cannot be destroyed unless every node is destroyed at once, an impossible task. Bitcoin can only be generated via mining, and the maximum supply of Bitcoins will never exceed 21 million. This is unlike fiat currencies which can be printed at will, and printing fiat effectively steals money from everyone else in the world that holds that fiat. Money printing and the resulting fiat devaluation is a primary reason as to why most of the people in the world cannot accumulate wealth. If Bitcoin was adopted as the primary global currency, people would be able to save money without getting robbed every day by the government printing press.
Ultimately, Bitcoin is a superior form of money, and will inevitably become the primary global currency. This is because the USD, the fiat currency which is the cornerstone of the entire global fiat system, will inevitably reach a state of critical hyperinflation due to the out of control United States debt which now exceeds USD 21 trillion. The government is stuck between a rock and a hard place. If they decrease the debt by slashing the budget, the economy will collapse. If they keep the budget the same, the debt issuance and money printing needed to sustain the budget will definitely cause the USD to exponentially devalue at some point in the not so distant future, which would collapse the economy.
If Bitcoin somehow crashes to unimaginable numbers, like $100 or $1, it would still be the currency everyone flocks to when the USD and all other fiat currencies totally become worthless. Therefore, true Bitcoiners need not worry, Bitcoin’s day will come no matter what its price is in the near future. You can stop staring at the charts now.
submitted by turtlecane to CryptoCurrency [link] [comments]

Cryptocurrency: lives or dies? Part 1. Bubbles as a scarecrow for newcomers

Cryptocurrency: lives or dies? Part 1. Bubbles as a scarecrow for newcomers
Cryptocurrency: lives or dies? Part 1. Bubbles as a scarecrow for newcomers
The cryptomania 2017 was colossal. Although cryptocurrencies have existed since 2009, many people found out about them just in 2017, against the backdrop of the outstanding growth in rates and a clear sense of revolution. Many newcomers thought that the rates would grow forever. They were ready to buy digital currencies at any price considering any declines to be local, and growth to be global.
But 2018 brought an unpleasant surprise: the market suddenly began to break down. In the first quarter, many people hoped that this was only a “correction,” but the collapse continued. If early in 2018, Bitcoin (BTC) carried a record price of $20,000, then by September it had fallen in price to $6,300, that is, threefold. And the “heroic” ethereum (ETH), which almost surpassed BTC in terms of capitalization in Summer 2017, had fallen fivefold: from $1,300 to $250.

https://preview.redd.it/4gxrjt5imw031.jpg?width=1280&format=pjpg&auto=webp&s=caae30b6e06f61a8d7dd33e86344f58d22c30162
In autumn, the market froze. It seemed that the bottom was reached and the restoration would begin soon. However, November brought another surprise: the rates dropped again. For example, BTC fell in price from $6,000 to $ 4,000. This happened so suddenly that it looked like an evident conspiracy of the major players, so-called “whales”. Autumn investors, following the earlier ones, suffered losses. Many of them completely become disillusioned with the crypto-market, having decided that it is entirely in the grasp to manipulators: such a “market” resembles MMM where quotes are randomly set by puppeteers.
In Winter, the market froze again, while in Spring a long-promised growth began. In March it continued to ascend carefully, and in April it continued to ascend unexpectedly sharply and symmetrically to the drop in November. In both cases, the BTC rate changed by $800 just for an hour, but in November it was a drop, while in April it was a rise. In both cases, there was no kickback: on the contrary, the movement went on. Optimists rushed to buy cryptocurrencies, but the most population smelt a rat. If not only drops but also rises occur "in a snap", is this not the best proof of pulling the strings?

https://preview.redd.it/4dvc478jmw031.jpg?width=1280&format=pjpg&auto=webp&s=0ff55dff60910cef6a0d5dda8a2057151f4f2cbb
So do we believe in true market recovery now? Perhaps this is another trick? Is it worth investing in cryptocurrencies or is it better to forget them like a nightmare? Is the market entirely in the hands of puppeteers or does it have objective laws? We will try to understand this in more detail.
How did it get started: bitcoin and its bubble 2013
The first world’s cryptocurrency was Bitcoin (BTC). It appeared in 2009 and firstly it was known only to specialists in cryptography, as well as to particularly advanced free market activists. But soon it attracted the close attention of investors demonstrating in 2010-2013 a tremendous growth of 4 orders: from $ 0.1 to $ 1000. In other words, the average exchange rate grew by a factor of 10 per year (!!!)

https://preview.redd.it/2be0puujmw031.jpg?width=1280&format=pjpg&auto=webp&s=14420f8e457edee778f560c976f3369c805a286d
In 2013, this BTC’s success gained worldwide fame. However, as often happens, the shock popularization was no in favor of the asset rate: reaching a record mark of $1,200 in December 2013, BTC began to fall in price. Towards the end of 2014, its rate rolled back to $250, following which it remained relatively stable in 2015. A significant part of the growth in 2013 turned out to be a bubble. However, after blowing off the bubble, the BTC rate still remained significantly higher than it was early in 2013 (especially, in all previous years).

https://preview.redd.it/uowotkqkmw031.jpg?width=1280&format=pjpg&auto=webp&s=0b6b95fdb832ba59acf2746aa2e37af96df1a231
How it continued: altcoins and general market bubble 2017
The new growth of the BTC rate began in 2016, and became especially explosive in 2017. At the same time, altcoins, new cryptocurrencies, “alternative” BTC - ethereum (ETH), lightcoin (LTC), emercoin (EMC), and many others asserted themselves in a massive way. If until 2016 they stayed in the deep background of the market flagship, then in 2017 their total capitalization for some time exceeded the capitalization of BTC. In Summer 2017 there was a moment when the ETH acting alone nearly advanced the BTC.

https://preview.redd.it/e55s3hilmw031.jpg?width=1280&format=pjpg&auto=webp&s=b838ef697269c7746949eb2012882455ee8fe305
By the end of 2017, BTC had risen in price to $20,000, while the total capitalization of the cryptocurrency market reached a huge amount of $800 bln (higher than capitalization of any global corporation). But this turned out to be yet another bubble: throughout 2018, just as in 2014, the rate of BTC and other currencies was falling). By the end of the year, the market capitalization decreased to $130 billion.
What can be shown by the comparison of two bubbles
Financial bubbles constitute an unpleasant phenomenon, and yet a logical one. By studying their dynamics it is possible to reveal a lot of interesting things about the nature of the new assets. If we look attentively at the figures, it is possible to note: the bubbles of 2013-2014 and 2017-2018 have much in common.
⦁ In both cases, the rate of bitcoin has dropped approximately five-fold. Market capitalization in the second case has dropped approximately 6-fold.
⦁ In both cases, a general decline lasted about a year, followed by a quiet period.
⦁ In both cases, "after bubbles" the rates have been fixed at the levels that are considerably higher than the levels "before bubbles". For example, at the end of 2014, BTC was much more expensive than at the end of 2012, while in late 2018 it was much more expensive than in late 2016.
DECLINE IN 5.3
DECLINE IN 4.8

https://preview.redd.it/kvcy8nxmmw031.jpg?width=1280&format=pjpg&auto=webp&s=23dfa2bba06896babfba777d4ef16f9667c6f099
This simple comparison shows: the scale of the 2018 cryptocurrency crash is exaggerated. The bubble has developed according to the same scenario, as it happened last time, and seriously frightened only the novices.
Judging by the charts, the cryptocurrency market is more alive than dead. Moreover, it quite well follows the standard laws of financial bubbles’ development, and its multi-year trend is clearly positive. For the credibility one can recall, for example, the chart of the oil prices in the 2000s. As we can see here there is also a bubble and decline, but after that – recovery to the values, which are much higher than before the bubble. That’s what happens when the assets are really valuable (not just a short-lived hype), and this is exactly what we have been observing in case of cryptocurrency market.

https://preview.redd.it/2todpslnmw031.jpg?width=1280&format=pjpg&auto=webp&s=9da51f9b71f36dffb5b1af8152bb949286fb10c5
With a high degree of probability, right now cryptocurrency investments are of particular interest. The upward movement looks quite reasonable, and why it has happened so abruptly, is there some catch behind it, and what are the fundamental reasons that contributed to the upward trend – we will discuss all these questions next time
Analytical department, Trident company, Victor Argonov, Candidate of Physical and Mathematical Sciences.
Source:
http://trident-germes.com/category/article/
submitted by TridentGermes to Bitcoin [link] [comments]

Cryptocurrency: lives or dies? Part 1

Cryptocurrency: lives or dies? Part 1
Part 1. Bubbles as a scarecrow for newcomers

The cryptomania 2017 was colossal. Although cryptocurrencies have existed since 2009, many people found out about them just in 2017, against the backdrop of the outstanding growth in rates and a clear sense of revolution. Many newcomers thought that the rates would grow forever. They were ready to buy digital currencies at any price considering any declines to be local, and growth to be global.

But 2018 brought an unpleasant surprise: the market suddenly began to break down. In the first quarter, many people hoped that this was only a “correction,” but the collapse continued. If early in 2018, Bitcoin (BTC) carried a record price of $20,000, then by September it had fallen in price to $6,300, that is, threefold. And the “heroic” ethereum (ETH), which almost surpassed BTC in terms of capitalization in Summer 2017, had fallen fivefold: from $1,300 to $250.

https://preview.redd.it/ly1to0boz9y21.jpg?width=1280&format=pjpg&auto=webp&s=10a6f59dc9509c5bd571fb6145ac91158028e849
In autumn, the market froze. It seemed that the bottom was reached and the restoration would begin soon. However, November brought another surprise: the rates dropped again. For example, BTC fell in price from $6,000 to $ 4,000. This happened so suddenly that it looked like an evident conspiracy of the major players, so-called “whales”. Autumn investors, following the earlier ones, suffered losses. Many of them completely become disillusioned with the crypto-market, having decided that it is entirely in the grasp to manipulators: such a “market” resembles MMM where quotes are randomly set by puppeteers.

In Winter, the market froze again, while in Spring a long-promised growth began. In March it continued to ascend carefully, and in April it continued to ascend unexpectedly sharply and symmetrically to the drop in November. In both cases, the BTC rate changed by $800 just for an hour, but in November it was a drop, while in April it was a rise. In both cases, there was no kickback: on the contrary, the movement went on. Optimists rushed to buy cryptocurrencies, but the most population smelt a rat. If not only drops but also rises occur "in a snap", is this not the best proof of pulling the strings?

https://preview.redd.it/x14yabypz9y21.jpg?width=1280&format=pjpg&auto=webp&s=34f2b146d58ad4a406450bb2961709ba281c2dec
So do we believe in true market recovery now? Perhaps this is another trick? Is it worth investing in cryptocurrencies or is it better to forget them like a nightmare? Is the market entirely in the hands of puppeteers or does it have objective laws? We will try to understand this in more detail.

How did it get started: bitcoin and its bubble 2013

The first world’s cryptocurrency was Bitcoin (BTC). It appeared in 2009 and firstly it was known only to specialists in cryptography, as well as to particularly advanced free market activists. But soon it attracted the close attention of investors demonstrating in 2010-2013 a tremendous growth of 4 orders: from $ 0.1 to $ 1000. In other words, the average exchange rate grew by a factor of 10 per year (!!!)

https://preview.redd.it/m35lylysz9y21.jpg?width=1280&format=pjpg&auto=webp&s=7a30a6c591c049d0b5e076fb922a980127c531b1
In 2013, this BTC’s success gained worldwide fame. However, as often happens, the shock popularization was no in favor of the asset rate: reaching a record mark of $1,200 in December 2013, BTC began to fall in price. Towards the end of 2014, its rate rolled back to $250, following which it remained relatively stable in 2015. A significant part of the growth in 2013 turned out to be a bubble. However, after blowing off the bubble, the BTC rate still remained significantly higher than it was early in 2013 (especially, in all previous years).

https://preview.redd.it/4va61pjuz9y21.jpg?width=1280&format=pjpg&auto=webp&s=0f4a3800254ad0d70af8556467283ec87376e0cd

How it continued: altcoins and general market bubble 2017

The new growth of the BTC rate began in 2016, and became especially explosive in 2017. At the same time, altcoins, new cryptocurrencies, “alternative” BTC - ethereum (ETH), lightcoin (LTC), emercoin (EMC), and many others asserted themselves in a massive way. If until 2016 they stayed in the deep background of the market flagship, then in 2017 their total capitalization for some time exceeded the capitalization of BTC. In Summer 2017 there was a moment when the ETH acting alone nearly advanced the BTC.

https://preview.redd.it/dqyjr0yvz9y21.jpg?width=1280&format=pjpg&auto=webp&s=2daf6704930f105b301db95f7370027795911ede
By the end of 2017, BTC had risen in price to $20,000, while the total capitalization of the cryptocurrency market reached a huge amount of $800 bln (higher than capitalization of any global corporation). But this turned out to be yet another bubble: throughout 2018, just as in 2014, the rate of BTC and other currencies was falling). By the end of the year, the market capitalization decreased to $130 billion.

What can be shown by the comparison of two bubbles

Financial bubbles constitute an unpleasant phenomenon, and yet a logical one. By studying their dynamics it is possible to reveal a lot of interesting things about the nature of the new assets. If we look attentively at the figures, it is possible to note: the bubbles of 2013-2014 and 2017-2018 have much in common.

⦁ In both cases, the rate of bitcoin has dropped approximately five-fold. Market capitalization in the second case has dropped approximately 6-fold.
⦁ In both cases, a general decline lasted about a year, followed by a quiet period.
⦁ In both cases, "after bubbles" the rates have been fixed at the levels that are considerably higher than the levels "before bubbles". For example, at the end of 2014, BTC was much more expensive than at the end of 2012, while in late 2018 it was much more expensive than in late 2016.
DECLINE IN 5.3
DECLINE IN 4.8
https://preview.redd.it/p9nzmxuyz9y21.jpg?width=1280&format=pjpg&auto=webp&s=d11cea8a0e6802eb740df678a306e43cf882edd6
This simple comparison shows: the scale of the 2018 cryptocurrency crash is exaggerated. The bubble has developed according to the same scenario, as it happened last time, and seriously frightened only the novices.

Judging by the charts, the cryptocurrency market is more alive than dead. Moreover, it quite well follows the standard laws of financial bubbles’ development, and its multi-year trend is clearly positive. For the credibility one can recall, for example, the chart of the oil prices in the 2000s. As we can see here there is also a bubble and decline, but after that – recovery to the values, which are much higher than before the bubble. That’s what happens when the assets are really valuable (not just a short-lived hype), and this is exactly what we have been observing in case of cryptocurrency market.

https://preview.redd.it/z5p0rs130ay21.jpg?width=1280&format=pjpg&auto=webp&s=a7ea7e1d50b8e81baace77c7a17957ab0c364604

With a high degree of probability, right now cryptocurrency investments are of particular interest. The upward movement looks quite reasonable, and why it has happened so abruptly, is there some catch behind it, and what are the fundamental reasons that contributed to the upward trend – we will discuss all these questions next time
Analytical department, Trident company, Victor Argonov, Candidate of Physical and Mathematical Sciences.
Source: http://trident-germes.com/
submitted by TridentGermes to ENG [link] [comments]

The insurance company with the biggest exposure to the 1.2 quadrillion dollar (ie, 1200 TRILLION dollar) derivatives casino is AXA. Yeah, *that* AXA, the company whose CEO is head of the Bilderberg Group, and whose "venture capital" arm bought out Bitcoin development by "investing" in Blockstream.

TL;DR:
Just scroll down to page 5 of the PDF and check out the graph:
http://www.actuaries.org.hk/upload/File/ET210513.pdf
In 2013, AXA had $464 billion in exposure to derivatives, representing more than 50% of their balance sheet - more (in absolute and percentage terms) than any other insurer.
My theory: AXA knows that Bitcoin is real money, and real money will destroy AXA's balance sheet - which is based on the "fantasy accounting" of derivatives. So AXA wants to control Bitcoin development (by buying out the Core/Blockstream devs), and artificially suppress the blocksize, to artificially suppress the Bitcoin price.
My question: Do you want Bitcoin development being funded by a financial institution like AXA which would literally become bankrupt overnight if the worldwide derivatives casino lost a miniscule fraction of its so-called "value"?
Personally, I can think of no greater conflict of interest than this. This is the mother of all smoking guns of conflicts of interest. Derivatives are 1.2 quadrillion dollars of fake money circulating in a fraudulent system of fantasy accounting - and bitcoin is 2.1 quadrillion satoshis of real money circulating on the world's first unfake-able global ledger. They are polar opposites.
AXA's so-called "value" would collapse overnight if the fakery and fantasy of the worldwide derivatives casino were to finally be exposed. AXA is the last organization which should have any involvement whatsoever with Bitcoin's development - and yet, here we are today: AXA is paying the salary of guys like Greg Maxwell and Adam Back.
Details/Background:
What are derivatives?
Derivatives are the $1.2 quadrillion ($1200 trillion) "time bomb" of bets using fake, debt-backed fiat money that's about to explode and destroy the world's financial system:
http://www.dailyfinance.com/2010/06/09/risk-quadrillion-derivatives-market-gdp/
https://duckduckgo.com/?q=derivatives+time+bomb&ia=web
Derivatives are like a giant blood-sucking "tick" (representing 1200 trillion dollars in "notional" value, ie the total value of all the bets, without offsetting) on the back of a "dog" representing the world's "real" economy (representing mere tens of trillions of dollars):
http://demonocracy.info/infographics/usa/derivatives/bank_exposure.html
https://duckduckgo.com/?q=derivatives+dwarf+economy&ia=web
Derivatives were the root cause of the financial crisis that already almost destroyed the world's debt-based fiat financial system in 2008:
http://www.forbes.com/sites/stevedenning/2013/01/08/five-years-after-the-financial-meltdown-the-water-is-still-full-of-big-sharks/#43930ad45474
http://www.businessinsider.com/bubble-derivatives-otc-2010-5?op=1&IR=T
https://en.wikipedia.org/wiki/Causes_of_the_Great_Recession
https://duckduckgo.com/?q=derivatives+financial+crisis+2008&ia=web
Derivatives are that giant blob of fake, debt-backed fiat "money" shown at the bottom of the graph shown below (where the top of the of the graph shows that tiny speck of real money, bitcoin):
https://np.reddit.com/Bitcoin/comments/3xpecf/all_of_the_worlds_money_in_one_chart/
http://www.businessinsider.com/all-of-worlds-money-in-one-chart-2015-12
Derivatives are are also the fake, debt-backed "money" which already brought down another giant insurance group (AIG, not to be confused with AXA), in the financial crisis of 2008, which you're probably still bailing out personally with your tax dollars and your country's "austerity":
https://web.archive.org/web/20150730232015/http://www.thenation.com/article/aig-bailout-scandal
https://duckduckgo.com/?q=aig+derivatives+scandal
And finally:
Derivatives are also the fake, debt-backed "money" which makes up over 50% ($464 billion) of the balance sheet of insurance giant AXA - which has more derivatives exposure than any other insurance company, both in percentage and absolute terms (2013 figures - scroll down to page 5 of the PDF to see the graph):
http://www.actuaries.org.hk/upload/File/ET210513.pdf
https://web.archive.org/web/20160519091543/http://www.actuaries.org.hk/upload/File/ET210513.pdf
Yeah, AXA.
The same company...
https://np.reddit.com/Bitcoin+bitcoinxt+bitcoin_uncensored+btc+bitcoin_classic/search?q=bilderberg+group&restrict_sr=on
https://www.axa.com/en/newsroom/news/axa-strategic-ventures-blockchain
https://duckduckgo.com/?q=axa+strategic+investments+bitcoin&ia=web
Every time I mention how AXA is in charge of Blockstream's payroll, a few "random" people come out of the woodwork on these threads trying to dismissively claim (while presenting absolutely no arguments or evidence) that it is a mere irrelevant "coincidence" that AXA's venture capital subsidiary is funding Core/Blockstream.
But there are very few coincidences in the world of high finance.
And meanwhile, here are a few things we do know:
  • Henri de Castries is not only the the CEO of insurance giant AXA (he's actually stepping down later this year) - he's also the chairman of the Bilderberg Group - the secretive group which includes most of the major players in the current global debt-backed financial system:
https://duckduckgo.com/?q=henri+de+castries+bilderberg&ia=web
https://duckduckgo.com/?q=henri+de+castries+axa&ia=web
  • AXA Strategic Ventures (the venture capital arm of insurance giant AXA) was behind the second, $55 million round of investment in Blockstream:
https://duckduckgo.com/?q=%22axa+strategic+ventures%22+bitcoin&ia=web
https://np.reddit.com/Bitcoin+bitcoinxt+bitcoin_uncensored+btc+bitcoin_classic/search?q=bilderberg+group&restrict_sr=on
  • As of 2013, AXA already had $464 billion in derivatives exposure - over 50% of its balance sheet - far more than any other insurance company (both in $ and in % terms):
http://www.actuaries.org.hk/upload/File/ET210513.pdf
  • Many if not most major financial institutions would actually be considered insolvent now, if their so-called assets and liabilities were honestly valued (ie, "marked to market):
http://www.forbes.com/sites/robertlenzne2014/10/03/everything-you-didnt-know-about-the-federal-reserve-board/#45c36aa03f25
  • Bitcoin, by having no counterparty risk, threatens to expose this whole fraudulent casino of fantasy accounting on the part of major financial institutions - which is probably why companies like AXA want to control Bitcoin development - so they can artificially suppress the blocksize, and artificially suppress the the bitcoin price.
My guess:
The 2.1 quadrillion satoshis (21 million bitcoins x 100 million satoshis per bitcoin) of real money starting to circulate on the Bitcoin network threaten to expose the fact that the 1.2 quadrillion dollars of fantasy fiat circulating in the worldwide derivatives casino are actually worthless.
And this is probably the real reason why AXA - the insurance company with the largest derivatives exposure - is trying to control Blockstream, in order to control Bitcoin development, and suppress Bitcoin price.
submitted by ydtm to btc [link] [comments]

Some Final Thoughts and Advice for /r/ethtrader

Don't be a complete idiot with margin trading, and don't be the one holding large quantities of cryptocurrency when it reaches a small fraction of its current valuation.
I am gonna go ahead and make a pretty long post giving some advice and things that I have learned before withdrawing all of my funds from GDAX (I have been out for some time now but just holding funds on there for whatever reason) and no longer posting in this subreddit for the foreseeable future. Many of you probably don't know or recognize me as a lot of new members have come around since May, after which I did not post very much. Additionally, I had only started to post in here around February of 2017, maybe even later, so I guess it hasn't been that long in the first place.
I'm not hear to brag about predicting the huge bearish market before it happened, as I ended up losing a significant amount of money this week alone. It doesn't matter to me that I was right when I still suffered just as much losses as you guys through an alternative path, it is what it is. I am just here to impart some wisdom onto those of you that are still trading, still holding, still staying involved with cryptocurrency.
The last half year has been a very remarkable thing for me - I remember sending a text to a friend of mine to ask him what his thoughts on bitcoin were, after which he replied saying he did not know much about it. I did not either necessarily, but remembered the hype back from the early 2010's about it and for some reason decided to investigate it upon seeing the recent gains it had made. I asked my mom what she thought (I am not so old myself, and thought she could share some of her investment experiences with me) and she told me that if I thought it was a good idea, I should go for it.
Fastforward to the BTC ETF day, I sat at my laptop staring at the charts waiting for the eminent SEC decision. I saw BTC, at an all-time high of 1300, suddenly move down to 1280, 1250, 1220.. all of a sudden saw a notification from the slack group I was in stating that the ETF had been denied, hardly believing it at first due to talks of slack notifications being used as scams. One minute later, the price dropped 20% and the exchanges crashed soon after.
I noticed that soon after this event, another asset I had looked into but only bought a small amount of at around 11 dollars, Ethereum, actually was doing WELL despite the fears that it too would crash along with BTC after this decision. So I bought in, and the altcoin rise begun. I cannot even begin to express how exciting these times were for me and how much I appreciate the insights, support, and fun from the traders on this subreddit. I could easily go on for hours and hours about this, but I am here to share what I have learned:
1 - When you are making profits, be sure to take gains over time, regardless of how much you believe in your investment.
In this subreddit and many others, there are many people who will say not to sell anything because then you may miss out on future gains - what if ETH has a massive bull run tomorrow and you sold today and miss out on that? Who gives a fuck? You miss out on some more money, so what? At least you made some in the first place. We should all be grateful for the profits we have made and take out money from time to time to decrease our risk accordingly. You may miss out on some profits some day but at least you will have more security and won't have to be as concerned about your investments as you will simply have less at stake and have already come out positively. I have seen far too many people who bought low in say the sub-10 values and held through this entire debacle, and have now lost massive sums in unrealized gains because they were too vain to just take some gains and be happy with it. Don't be like them. I'm not saying to sell now necessarily, but when the opportunity strikes, at least take something off the table when it benefits you.
2 - Don't margin trade unless you see the most blatantly obvious price movement ever about to happen and for some reason, others don't see it. Otherwise, stay the fuck away from margin trading.
I cannot begin to describe how terrible of a thing margin trading is. In theory, it gives you the opportunity to amass riches from another's fortune, a prospect which will make even the most humble trader foam at the mouth with greed. You can be reasonable and thoughtful all you want, but eventually most traders will at least try this out, and won't quit until they have suffered sizable losses. It seems promising at first but is just flat out stupid unless you are absolutely certain of something.
Personally, I shorted ETH at 0.12 while everyone else was laughing at me saying it would go up a lot - I was confident it would go the other way, and I do not regret that decision. Nevertheless, I had to close my margin trade when Poloniex practically scammed me out of tens of thousands of dollars through a glitch in their system which removed large amounts of LTC from my account balance. While that did not work out for me, the trade itself is an example of a good one - again, you should only margin trade when you are EXTREMELY confident in things going a certain direction. If you are new to crypto or have not margin traded before, for fuck's sake do not use this at all, especially with large amounts of money. It's a grade A way to lose everything you had. And even when you have some idea of which direction the market will go, it's best to stay out. I still remember reading about the guy who must have made hundreds of thousands but lost it all to margin trading, trying to short dash which he was confident would go down - in most cases it's simply not worth the risk, especially if you put too much at stake.
Lastly, don't margin trade large amounts (and especially, do not make your whole order at once). I know this defeats the purpose of it all, but if you have ever margin traded before you will understand. When you borrow say, 1000 ETH to go long, in order to close your position you must also sell that 1000 ETH at the very end of your trade. That means then when you go long 1000 ETH, you are going to almost instantly be suffering a huge loss in unrealized profits because selling all of that ETH at once would require you to bring the price down a decent amount. Maybe it's just a problem for the wealthier traders, but still it's something to consider.
3 - Do not sell in the face of blatant market manipulation.
I will say now, I do not think the recent selloff of cryptocurrency is market manipulation, it is an outcome of an overbought market and people panicking to maintain some of their gains as everything collapses around them. But this is something that applies to all markets and investments. Generally, unless it is the part of an established trend, it is a very bad idea to sell at an local minimum, especially one without reason. I vividly remember a few months ago when I was heavily trading LTC and it went from either high 20's or low 30's to around 20 in a few hours, caused by constant selloffs and massive sell walls being placed at the lowest price possible moment and moment again. In times like that, you just have to keep holding and staying strong. It should be clear to you if you are watching carefully when market manipulation is going on - these people don't try to hide it, they know they won't get caught. Just hold on and wait for the run back up before selling.
Now additionally, here is probably the most important thing, especially considering recent events:
4 - Know when to take a loss, and when it is the right time, take it.
You make an initial investment because you believe you will profit from it. While there are many who invest in crypto because they believe it is their way of supporting a new system, to fight back against the powers at be, or whatever else, let's face it - most of us just want to make money, and most of us did. The thing is though, you may not be in profits forever. Maybe you will make an investment that has huge gains, maybe you will make one that suffers huge losses. No matter the situation, you need to be proactive with your investments and act accordingly.
You may have invested in some other coin as a hedge, or perhaps because you heard somebody on /ethtrader pointing it out as something with strong potential, or which will have a good future, only to find out a few days later that you were the victim of a pump and dump scheme and are left to hold the bags. Maybe you read about Ethereum in the news when it had just passed 200 dollars, and thought you could still get in early on this remarkable investment but are now suffering some losses that you did not expect to suffer, and they are putting your mental health at risk as well as your finances. We can't all make huge gains off our investments, and sometimes things do not work out. Don't be the one on the sinking ship when it happens, regardless of how reluctant you are to admit you made a mistake or what other people around you are saying. Do what is best for you, and remember that no matter what there will always be a next day.
As somebody who suffered from depression for a very long time, there will always be a next day. Maybe you lost a shit ton of money today, or yesterday, or you will lose it tomorrow. There will always be an opportunity to improve your life in the days to come. If you are upset, or depressed, or sad, or lost a lot, then I recommend you seek some help and comfort with friends and do not act emotionally on the markets - chances are that this will lead to even greater losses, and just worsen your situation. What I mean to say here is that even if things don't work out your way today, there will always be tomorrow. I am not trying to say that you will suddenly gain back the profits you lost, or anything alike it - don't go mad trying to regain what you once had. Just do your best to cope with the situation, get some help if needed, and take the next day in stride, continue doing your best to create the best future you can for yourself.
Most of you were smart enough to learn about and invest in cryptocurrency and have since made recent gains. Appreciate that about yourself, and enjoy the fruits of your labor before they are gone - it may not be today, tomorrow, or the next day, but someday they will be if you stand still and do nothing.
Thank you for taking the time to read this post and for all of your time discussing cryptocurrency with me in the past 6 months. I wish you all good fortune and that you enjoy the gains you have made in recent times.
-ThisGoldAintFree
submitted by ThisGoldAintFree to ethtrader [link] [comments]

A Primer on Bitcoin Investor Sentiment and Changes in Saving Behavior.

In 2010, Bitcoin users tried calculating the “value” of one Bitcoin by estimating the electricity cost of mining it. However, the usefulness of this was quickly dismissed, as the cost of mining goes up when investors bid up the price of Bitcoin.
In 2013, various authors explored the idea that Bitcoin’s price is in a long-term parabolic uptrend, and that deviation from that trend line is indicative of over- and under valuation.
In November 2014, developer Jon Ratcliff published his analysis of the blockchain, showing the distribution of bitcoins based on age of last use, and commented “This graph shows … how many bitcoins are actively moving at any one time over time.”
In December 2018, Tamás Blummer introduced the concept of Liveliness, which reflects how much a given blockchain is used for meaningful transaction settlement.
https://medium.com/@adamant_capital/a-primer-on-bitcoin-investor-sentiment-and-changes-in-saving-behavior-a5fb70109d32
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