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There's a fair amount of subjectivity involved, but a conviction move is price moving rapidly up or down without consolidation over time. Many instruments have prolonged periods of consolidation in ranges that can be wide or narrow, followed by violent new trends where the market seeks to find new value, an updated agreement on where price should be. Consolidation that was centered at 16,200 was a good indication that staying under it would trigger a push towards 12,000 that we see today.
On a good little run.
there are hundreds of crytp currencies, and more to come, there is obviously going to be consolidation amoungst the currencies. nobody knows what a long term viable cryto currency isQuote:
Originally Posted by Skidog
No one knows the short term either obviously.Quote:
Originally Posted by DBdude
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I think consolidation implies they'll combine or merge. It's more "some will survive and some will go away completely"Quote:
Originally Posted by DBdude
There may be some consolidation, and others will die, but there will always be new ones being created. They are necessary for the decentralized ledgers and networks to function. Some crypto currencies exist simply as a vehicle within a blockchain or distributed ledger network. Scarcity is required to make the network function. So any time a new network is setup, or a private company decides to build their own, or whatever, the scarce vehicle that is tracked around the ledgers is a new crypto currency. That is why I like ripple so much, they help other companies build out their own networks, or let companies piggyback on theirs that don't want a full blown solution on their own.
Wish I could buy stock in ripple, but they are private.
I could also pull out (heh) and make a few thousand but its not really worth it at this point.Quote:
Originally Posted by Skidog
10 years.... Damn.
Every investor looks at it differently. I trust the individual in question. I just missed the boat as usual. Most of its a bit to rich for my blood at the moment. I'm far from a gambler.Quote:
Originally Posted by Bobby Stainless
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BTC is holding up well considering the technical move it's recovering from. 800-19,900 in a year is nutty, and btc acts like a stock would after moving 1/20th that amount. Pretty bullish for cryptos in general imo. Still holding neo and looking to add more on dips. Bought a little eth and back in bcc/bch on the retrace. 2018 should see more money move into crypto, so the question is where? Ltc is soft and I'm suspicious of ripple, but ZRX & NEO could throw a chart rager this year.
I see it a little differently. BTC bounced off the 38% retrace but here we are right back on the 38% line almost two weeks later. You could probably be long here on the daily chart but risk is high for a test of 50% down to 62%.
Good points, I'm not planning to go long btc here, just a few alts. Even in 2014 btc took a few months to fully break down, so as long as we can use the 2014 bottoming process as an analogue, my concerns over money fleeing the space is low, at least for the time being. So, long some alts on overall inflow to crypto, monitoring btc.
Well said. Wait until every grocery store in the country uses Ethereum (or whatever wins out) to manage national supply chains with every distributor they work with. Then think of the amount of money that hasn't even begun to touch this space (university endowments, retirement accounts, etc.).Quote:
Originally Posted by Skidog
North Korea, IRS, FBI, Treasury, and DOJ.. The whole thing can collapse in a sea of global regulation. Define your risk.Quote:
Originally Posted by wakefield
I wonder if any Govts are using crypto coins to fund whatever black ops shit they have going on?Quote:
Originally Posted by 4matic
I wouldn't doubt it for a second. Much easier and more tidy than pallets of bundles of stacks of Hundred Dollar bills.Quote:
Originally Posted by Bobby Stainless
That's what makes me wonder.Quote:
Originally Posted by 4matic
Big Brother takes a dim view of other people controlling the money supply.
Walmart is working on a program in China for the exact supply chain scenario. Problem right now is that all those places are private companies. They're getting snatched up by the big boys..Quote:
Originally Posted by wakefield
Quantum computing is where all this shit really takes off. #secure
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Did I just hear Australia 'banned' bitcoin?Quote:
Originally Posted by Bobby Stainless
for those of us still catching up...
https://www.wired.com/story/future-o...daily_list3_p4
This. No telling how much the US Govt has.Quote:
Originally Posted by Mau
That lot was sold for $48 million to single buyer.
https://www.cnbc.com/2017/10/03/us-g...too-early.html
One rational for the rise of BTC is the feds legitimizing it through legal sale.
Price per coin - $333.333333333333333333333333333333333333333333333 3333333333333333333Quote:
Originally Posted by 4matic
NEO all time highs, same for ETH.
Oh ETH nice!
Had some BCH hit today that I completely forgot about buying.
Looks like we are back on track from the Holiday lull.