Bitcoin Battle !!! THIS IS NOT TRADING ADVICE THIS IS NOT INVESTMENT ADVICE DO YOUR OWN TA DO YOUR OWN FA I think they are all ready to go up THIS IS NOT TRADING ADVICE THIS IS NOT INVESTMENT ADVICE DO YOUR OWN TA DO YOUR OWN FA Btc is bitcoin and my sense is will keep broadly going up in that channel medium term Bchbtc looks like she's ready to spurt but I think she won't get past 3k Btgusd has I believe basically formed the cup and handle and i'm looking at 1k Let's see THIS IS NOT TRADING ADVICE THIS IS NOT INVESTMENT ADVICE DO YOUR OWN TA DO YOUR OWN FA
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ALL THREE COINS NEED TO TURN UP THE VOLUME!!! We'll know more by this time next week I guess ;-)
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ps I don't believe the 'futures to short the #@;' out of btc narrative. All smoke and mirrors I think. Will correct I guess. But will march on I guess. Up until now btg and bch have been in step. My current sub-thesis on this issue is that eventually bch and btg will decouple and my expectation (?!?hope) is an unheralded rise of BTG. But let's see.. DO YOUR OWN RESEARCH I NEVER ADVISE!!!
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All three relatively in sync. Some other alts doing ok so far, I am linking QASH, QTUM, ETP, ZEC. Question is will they all stay in sync or otherwise. If btc drops another 1k what will happen?!? It's quite easy for me I am out of bch, in btg for a medium-long term hodl and have a little btc which i've just popped some of back into fit. NO ADVICE HERE!!!
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I know there's a lot of talk about this weekend and around the 18th. If the proverbial hits the fan so be it pretty sure the market will recover pretty quickly. But who knows. Trade at your own risk. My sense is btc will keep plodding with some drama of course. And right now it seems both bch and btg ready to blow. Which I think they will do in sync. Can't see a reason to hold both therefore and u may gather I personally believe btg has the brighter future but that's purely my take on it for myself...
doc I am not feeling comfortable with the market I must admit. This is all going up way too fast. At least a 50% correction is imminent. People will take antidepressants. I will be seeing them in my clinic and will charge the fee in cryptos, probably LTC or IOTA (I guess I will have to charge in advance due to the delay in transactions with IOTA then).
What do you think? I think we may be good till Sunday when CME lists, then I see all hell breaking loose.
Doc-al-Citadel
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@doctorkesh, hey doc, well i'm retired luckily ;-)
Doc-al-Citadel
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@doctorkesh, i think the cme thing is more smoke and mirrors i don't think the 'short the life out of btc' is what is being planned at all
UnknownUnicorn995432
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@qdoc, Oh no I don't think it will work that way. It has always been buy the rumor sell the news. Never failed before. You can check it from the history of every major coin this year alone. BTC - segwit, LTC segwit, BTC fork news, ETH EEA news...
I mean a correction of course, not a full blown destruction. May be a downtrend possible for a few weeks or months, and then again back to growth.
Doc-al-Citadel
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@doctorkesh, my current updated thesis, bigger picture is...
1. The volatile but steady rise of btc, 50k by this time next year
2. A hit on mining in which case iota, posETH and BTG should do well
3. A bit of interference and huff and puff from bch without any moon or sustained boom, 2k target i guess now max and who knows timeframe, still by Christmas possible
4. A wild west in alts with pumps, dumps, booms and busts
5. I don't think cypto as a whole will crash
6. Could be wrong obviously
7. Like all THRs the end result of fiat currency is failure
8. So crypto relative to that and also the equity markets is a hedge
9. Eventually crypto will fail too!!!!
Doc-al-Citadel
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@doctorkesh, if they pay in crypto u may coax me out of retirement!!!
UnknownUnicorn995432
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@qdoc, well you can always buy crypto from the fiat :)
What do you think? I think we may be good till Sunday when CME lists, then I see all hell breaking loose.