mid 500s imminent, I have called each flag up into the next channel down to the week and dollar sometimes the day so believe me or not! I am still holding the now 10 BCH I have from the 34 bought at 76$ and 101$ (avg. 82 as 25 were bought at 76$) so yes, I am holding a third of a bag that I have allready quadrupled and plan on selling the last of it in the high 540 ish side of this level before what i think will be a semi wild correction before the real bull-sanity happens, remember to watch that halving counter - www.bitcoinblockhalf.com/ 358 DAYS!!! when we clos into the 180 and less, things will go HELLA bannanas as BILLION DOLLAR MINING OPs start scrambling to figure out if they can keep their miners on and many decide its time to do a crazy push then a MASSIVE GLOBAL COMMERCIAL MININING OP SHUTDOWN... CAUSING A MASSIVE DECREASE IN FOR PROFIT MINERS JUST MARKET DUMP SELLING EVERY BLOCK THEY HIT, AS ALWAYS DECREASING READILY AVAILABLE SUPPLY... and what happens when supply Rapidly Shrinks in a market rapidly growing by the day class??? THE PRICE GOES STRAIGH UP UNTIL THE MARKET FINDS THAT IT IS OVERBOUGHT AND OUT OF CONTROL, turns back rather quickly after a seemingly endless period of gaining for what feels like years but it will really be about nowish to roughly 5 months after halving depending on how many trillions of dollars are poured in on the biggest rally weve yet seen... We may see a slight change in the historical movement due to 3 factors -
1- the halving will greatly increase the cost of mining and revert BTC to smaller ops selling at limit set prices driving it upward as to mine you MUST MAKE MONEY UNLESS YOUR IN THE BUSINESS TO LOSE. NOT MANY MINERS ARE. the fact that almost all the blocks mined wont be instant market price dumped from consoles in big ops into an exchanges waiting coffers and instead sold at a set raised price to offset the Greatly increased cost of mining! if BTC mining is modestly profitable now and losing profitability even as we gain value as miners add power by the PENTA/HASH via ASICs that mine with incredible effeciency but at the cost of thousands of Kilo-Watts per hour... after the halving these miners will be rented out to limit high sale solo miners, sold to smaller mining ops at a loss who also have dedicated traders that decide what price they sell the 12.5 BTC mined as they are confirmed... the impact of this Profits HALVING CANNOT BE UNDERSTATED!!! SERIOUSLY, THE PRICE OF BTC CANNOT POSSIBLY DO ANYTHING BUT DOUBLE ITSELF AT THE VERY UTTER LEAST OR IT BECOMES UNVIABLE TO MINE AND THEREFORE USE! now in the years to come where FPGA based hydro and solar mining take over the industry)The US-Canada are spending 50-70 BILLION DOLLARS this year on GREEN MINING INFRASTRUCTURE!) and the new green mining initiative will be revolutionary in terms of companies like mine (ukminer.io) as we will lock in more and more commercial and residential green mining contracts and price will be less affected by mining than it currently is.
2- News outlets, Banks, and even GOVERNMENTS as we just saw this week with Argentina are going to throw uncounted BILLIONS into BTC as the buy/sell power of a government treasury is like that of the greatest of great blue whales! they can buy up enough of even BITCOIN to manipulate pricing and slam heavily leveraged short and long positions at will like the Saudis and our stock market but to an even greater extent! The 2017 bull run saw a crypto market cap of the high 900 billions, I expect us to rise from the current 300 billion we have pushed to from 178 billion just 27 days ago (I chart this stuff HARD!) lol, that means the money invested in crypto has DOUBLED THIS MONTH! DOUBLED!!! IMAGINE WHAT MORE IS TO COME, MY PROPRIETARY ALGORITHMS THAT ACCOUNT FOR MARKET SENTIMENT, REGULATIONS AND PUBLIC "NO-COINER" SENTIMENTS have a projected peak market cap of 1.3-1.9 TRILLION dollars this year but I could see one as high as 3.6 and that would mean 2-3 times higher than the biggest peak of our lives at 976,000,000,000,$
3 - The world is just now starting to accept Crypto as a legitimate currency and I swear if you ask 20 people at random what crypto currency is they will all tell you they have no idea and one ore 2 may say bitcoin right? like hacker/silk road money?" I go out of my way to canvas how many people are even aware of crypto let alone involved as an active miner and or trader(me, and mining tech manufacture ;) and I am blown away that when I step away from my business's (all 3 crypto corporations) and talk to "normal people" no one is buying coins and there is a MASSIVE FOMO CROWD OF PEOPLE JUST WAITING TO DONATE THEIR HARD WON SAVINGS TO THE CASHOUT AT THIS RUNS PEAK WHEN ITS ALL OVER THE NEWS THAT BITCOIN IS RACING TOWARDS 100K FROM THE LOW OF 3 K! (I SURE HOPE YOU HAVE A DOZEN OR SO BECAUSE I HAVE PLENTY SO I KNOW I AM WEALTHY, JUST NOT QUITE YET, LIKE A TRUST FUND!) this phenomena of FOMO late comers buying into the peak allows for traders like me and hopefully you to sell our bottom bought bags into their excited and mis-informed hands (poor FOMOs!) but someone has to lose the money we make thats ECON-101 baby, what is gained must elsewhere be lost so for every 20X I pull off I imaging someone elses 20X loss and smile and shake my head... #FOMO=NO-DOUGH ! HODL YOUR BTC, Buy as much as you can before we hit 18k as that will be the bottom of the next bear market, therefore any buy up to around 15K really CANNOT LOSE MONEY GIVEN TIME, UNLESS YOU OVERTRADE AND FEE YOURSELF TO DEATH! #HAPPY-TRADING!! lets all say a prayer my 10 years experience and conclusions are right! if they are I will be starting a charity or 2 and moving to the carribean and you will hear from me no more! ;p #CHARTsTALK-FOMOsWALK!
1- the halving will greatly increase the cost of mining and revert BTC to smaller ops selling at limit set prices driving it upward as to mine you MUST MAKE MONEY UNLESS YOUR IN THE BUSINESS TO LOSE. NOT MANY MINERS ARE. the fact that almost all the blocks mined wont be instant market price dumped from consoles in big ops into an exchanges waiting coffers and instead sold at a set raised price to offset the Greatly increased cost of mining! if BTC mining is modestly profitable now and losing profitability even as we gain value as miners add power by the PENTA/HASH via ASICs that mine with incredible effeciency but at the cost of thousands of Kilo-Watts per hour... after the halving these miners will be rented out to limit high sale solo miners, sold to smaller mining ops at a loss who also have dedicated traders that decide what price they sell the 12.5 BTC mined as they are confirmed... the impact of this Profits HALVING CANNOT BE UNDERSTATED!!! SERIOUSLY, THE PRICE OF BTC CANNOT POSSIBLY DO ANYTHING BUT DOUBLE ITSELF AT THE VERY UTTER LEAST OR IT BECOMES UNVIABLE TO MINE AND THEREFORE USE! now in the years to come where FPGA based hydro and solar mining take over the industry)The US-Canada are spending 50-70 BILLION DOLLARS this year on GREEN MINING INFRASTRUCTURE!) and the new green mining initiative will be revolutionary in terms of companies like mine (ukminer.io) as we will lock in more and more commercial and residential green mining contracts and price will be less affected by mining than it currently is.
2- News outlets, Banks, and even GOVERNMENTS as we just saw this week with Argentina are going to throw uncounted BILLIONS into BTC as the buy/sell power of a government treasury is like that of the greatest of great blue whales! they can buy up enough of even BITCOIN to manipulate pricing and slam heavily leveraged short and long positions at will like the Saudis and our stock market but to an even greater extent! The 2017 bull run saw a crypto market cap of the high 900 billions, I expect us to rise from the current 300 billion we have pushed to from 178 billion just 27 days ago (I chart this stuff HARD!) lol, that means the money invested in crypto has DOUBLED THIS MONTH! DOUBLED!!! IMAGINE WHAT MORE IS TO COME, MY PROPRIETARY ALGORITHMS THAT ACCOUNT FOR MARKET SENTIMENT, REGULATIONS AND PUBLIC "NO-COINER" SENTIMENTS have a projected peak market cap of 1.3-1.9 TRILLION dollars this year but I could see one as high as 3.6 and that would mean 2-3 times higher than the biggest peak of our lives at 976,000,000,000,$
3 - The world is just now starting to accept Crypto as a legitimate currency and I swear if you ask 20 people at random what crypto currency is they will all tell you they have no idea and one ore 2 may say bitcoin right? like hacker/silk road money?" I go out of my way to canvas how many people are even aware of crypto let alone involved as an active miner and or trader(me, and mining tech manufacture ;) and I am blown away that when I step away from my business's (all 3 crypto corporations) and talk to "normal people" no one is buying coins and there is a MASSIVE FOMO CROWD OF PEOPLE JUST WAITING TO DONATE THEIR HARD WON SAVINGS TO THE CASHOUT AT THIS RUNS PEAK WHEN ITS ALL OVER THE NEWS THAT BITCOIN IS RACING TOWARDS 100K FROM THE LOW OF 3 K! (I SURE HOPE YOU HAVE A DOZEN OR SO BECAUSE I HAVE PLENTY SO I KNOW I AM WEALTHY, JUST NOT QUITE YET, LIKE A TRUST FUND!) this phenomena of FOMO late comers buying into the peak allows for traders like me and hopefully you to sell our bottom bought bags into their excited and mis-informed hands (poor FOMOs!) but someone has to lose the money we make thats ECON-101 baby, what is gained must elsewhere be lost so for every 20X I pull off I imaging someone elses 20X loss and smile and shake my head... #FOMO=NO-DOUGH ! HODL YOUR BTC, Buy as much as you can before we hit 18k as that will be the bottom of the next bear market, therefore any buy up to around 15K really CANNOT LOSE MONEY GIVEN TIME, UNLESS YOU OVERTRADE AND FEE YOURSELF TO DEATH! #HAPPY-TRADING!! lets all say a prayer my 10 years experience and conclusions are right! if they are I will be starting a charity or 2 and moving to the carribean and you will hear from me no more! ;p #CHARTsTALK-FOMOsWALK!