Let's look at graph W1. It shows a regularity. The essence of this regularity is that it moves twice the amplitudes of the ATR endpoints indicated by an ATR-based indicator (PSAR) in the event of an exchange rate correction. This seems to be bitcoin's own. Utilizing this regularity, I'm looking for a fractal in the exchange rate movement. I found it as shown. This rule system has been held by the exchange rate for the second year, so I will build my further trading on it. I assume, as a long-term trader, that the exchange will soon turn north. I'm expecting a turn in the $ 5700-7000 range. Again, I am trading long-term. I take a long position in this range. The target current can be several months, even one year. I assume that the fractal shown in the figure may build up to a target price of over 20000 usd.
Excellent post. Bitcoin has all the characteristics of Gold except weight (or mass). However, the number of Bitcoin in the universe is known and availability is becoming rarer every day. The amount of Gold in the universe is not known in the universe, and Gold will not become rarer than Bitcoin in the next 20 years.
I recall when I was a youngster around 1990 that Gold was $300 per oz. At that time I thought it was ridiculously priced. I could not have foreseen that 20 years later it would hit $1800 per oz. Younger folk may take note of this experience. A stash of Gold or Bitcoin is worth purchasing at a relative pull back in price, and holding for the longer term.
Overall I expect Bitcoin to appreciate far more than Gold in percentage terms, in the next 10 years because:
1. It is more easily transferable electronically
2. It is becoming rarer.
(Expectation does not mean prediction. This is not advice. If anyone loses their money, kindly sue yourself!).
meszaros
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@Captain_Walker, Thank you again for your comment. I agree with you. Bitcoin started to wave. This, for me, also means that it will become a serious instrument that will be tradable in the long run. If this is true, then all the conditions are in place to see further peaks in the long run.
Felix000
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Quantum and metadata resistant coins coming in 2020. Hypothetically speaking they could price bitcoin out of existence@Captain_Walker,
Captain_Walker
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@Felix000, What's this about? I couldn't find anything about it on the net. Help.
Felix000
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OK I'll help. Love to hear your criticism/support@Captain_Walker,
Felix000
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This should get you going. Its a mixed bag of snippets in no particular order. Enjoy.
David Chaum Announces the xx coin, Supporting Decentralized Messaging, Payments and dApps on the xx network
Elixxir is a transaction platform running on a full-stack blockchain. Elixxir nodes are the foundation for a privacy-protecting mix network that can support messaging, payments, and decentralized application (dApp) data transfer.
The only way to get the most up to date info and announcements on all things #praxxis and the #xxcoin is by subscribing to our newsletter!
“For all of us to feel comfortable online with the more important and sometimes sensitive parts of our lives, we need money with financial privacy and security to conduct our affairs,” said William Carter, COO of Praxxis
xx messenger offers unprecedented user privacy, no other existing software, smartphone app, or dApp erases user data to prevent observers making connection between sender and receiver. First Platform Capable of Obscuring Metadata & First Metadata-Shredding dApp
Our first webinar will be a technical overview of the xx network. Team members will describe the vision and goals for the network, describe the network architecture, and give attendees the context needed to navigate our technical documents.
The second webinar series will offer a deep drive of the technical details of Elixxir and Praxxis. We will describe the Praxxis blockchain and consensus model, the Elixxir metadata shredding and mixing, and describe how these technologies come together in the xx network
For our third webinar series, the team will discuss the governance and token economics of the xx network. This will include a discussion of the voting technologies involved, structure, and economic cycle of the network
For the fourth webinar series in this sequence, we will provide a summary of Elixxir, Praxxis and the xx network. This will provide us a good opportunity to answer questions posed online, and expand on topics covered in earlier webinars.
@Felix000, WOW!! Thanks for that scoop! This is what a good community does - share important and novel information, and alternative perspectives.
I have a lot of reading up to do. Thanks again! 👍🖖 Respect 👊
meszaros
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@Captain_Walker, I'll leave the computer once and have a good little conversation. :)
Felix000
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Thanks captain. I'm so hot on this I had a meet-up with David in person with 100 or so other people during the summer. In my own words Chaum knows exactly how to build what many people would die for. There's no single more experienced person on planet that knows how to get that all clear from authorities Watch See Hear Groundbreaking FirstPlatform Capable of Obscuring Metadata FirstMetadata -Shredding dApp@Captain_Walker,
Felix000
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Check out my two most recent bitcoin posts. I know you may be critical of such stuff but I think the discoveries may be some of my best work. Still a work in progress. Caveat - small sample size@Captain_Walker,
I recall when I was a youngster around 1990 that Gold was $300 per oz. At that time I thought it was ridiculously priced. I could not have foreseen that 20 years later it would hit $1800 per oz. Younger folk may take note of this experience. A stash of Gold or Bitcoin is worth purchasing at a relative pull back in price, and holding for the longer term.
Overall I expect Bitcoin to appreciate far more than Gold in percentage terms, in the next 10 years because:
1. It is more easily transferable electronically
2. It is becoming rarer.
(Expectation does not mean prediction. This is not advice. If anyone loses their money, kindly sue yourself!).