YaKa

Bitcoin - The appex of the cone is pointing to zero.

BITSTAMP:BTCUSD   Bitcoin / Dollar
3528 102 17

Unless Bitcoin manages a lasting break above 300, the apex of the descending cone points to 40 by year end.

The band is becoming very narrow. to achieve this would mean a lowering in realised volatility which would mean an acceptation of the new price paradigm (a slow death in other words).

I like watching bitcoin only because for me it is a great case study of human behaviour (more than other indices that have macro forces affecting the price too).

YaKa PRO
2 years ago
The 2008 crisis taught me something fundamental.

When something falls 90%, it is not necessarily a bargain. There might be good reasons and if it manages to fall 90%, falling another 100% is actually just another 10% relative to the top.
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Kairos YaKa
2 years ago
in any case, trough to 40 is too much.. maybe reasonable 85
+1 Reply
YaKa PRO Kairos
2 years ago
Kairos, I admire your skill in puting a price tag on bitcoin.. I have absolutely no clue. i dont think there is any fair value as the price has shown. 10, 200, 1100, 200... 80, 40, 1 why not.
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buyingtime7
2 years ago
Any 5th grader could have come up with this chart.

And it's called a FALLING WEDGE which in many instances is BULLISH as it coils and comes closer to a breakout resolution:

http://www.aboutcurrency.com/images/university/fxchartpatterns/fallingwedge.gif

Not saying it's ready for a breakout yet but it's a just a question of a little more time and tightness of the coil as per the BTC chart shows.
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buyingtime7 buyingtime7
2 years ago
Also, if you want a "study of human behaviour" to apply to technical charting you need to be studying Elliott Wave and Fibonacci.

Just sayin'.
+3 Reply
YaKa PRO buyingtime7
2 years ago
Nobody asked you to develop your opinion here.

Keep your stupid comments to yourself. bitcoin is most likely converging close to zero..

Learn something: each pattern needs to be put in its fundamental context... it is very likely that the fundamental value of bitcoin is... Nothing.. so what you think is a launching platform for new highs may never launch...

Before giving stupid lessons when nobody asked your opinion, check who you are speaking to.

Just sayin:) i tried to remain polite.
-23 Reply
buyingtime7 YaKa
2 years ago
"check who you are speaking to"

I don't care if you're some bobblehead who got 5 minutes of fame on CNBCrap (a bastion of stock market widsom -NOT) or UBS banker slime:

after looking at the rest of your charts I have come to the same conclusion - they all look like some newbie trader's charts.

And if you think fundamentals matter anymore, you really need to study EWT and get with the 21st century.

You sound like pretentious banker slime, too. Just BTFD (or BTFATH) like the good CNBSh*t bobbleheads tell you and everything will be just peachy...
+9 Reply
IncreaseMyT buyingtime7
2 years ago
don't feed the troll
+4 Reply
niconaylor YaKa
2 years ago
Lol either your propagandizing for the banks or you're really bold and naive
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kemal.erdog YaKa
2 years ago
i watch your charts for dow jones. you do nice Works there. but i never expected rude words from your mouth. you have to calm down my friend. dont call anyone stupid. and also no body have the rght to tell you "stupid" anyway, thanks for sharing your opinion and thanks for your work
+1 Reply
YaKa PRO kemal.erdog
2 years ago
Kemal, you are right.
no excuse but I just shared an opinion. People can share their views but to make it personal on my own wall is out place and triggered an out of place reaction which i refrain to most of times but the comments written were stupid. I tend to call a cat a cat. No offense. Nothing personal.

As per the etiquette, a lot of people here are behaving in a rude way on other people work and often do not post any work of their own. Ideally, there would be an option to prevent comments to be posted. If people have a strong opinion they can post something on their own wall or just say "I THINK THIS IS INCORRECT AND I THINK THAT FOR THIS OR THAT REASON" PERIOD. But this is not what people do.... and this only happens on bitcoin which is the least important index to follow btw... That's telling.
+1 Reply
YaKa PRO YaKa
2 years ago
this is only some people of course.. Most people have manners I would say.. Anyway..
+1 Reply
IncreaseMyT YaKa
2 years ago
Man still not a zero though what gives?
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buyingtime7 buyingtime7
2 years ago
PS (since I can't edit my comments):

BTC is NOT going to zero and it's not going to anywhere near $40 unless the earth gets hit by a huge EMP/CME from the Sun in which case BTC will be the least of our worries.
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YaKa PRO buyingtime7
2 years ago
I dont give a flying f.k what you think... go long in size... get bankrupted in silence.
-19 Reply
buyingtime7 YaKa
2 years ago
Obviously you DO "give a flying f.k" what I think because you are all bent out of shape here for everyone to see.
+2 Reply
GaliX YaKa
2 years ago
Bitcoiners are bullish since 1000$. It was cheap at 800 700 600 500 400 300 and is still super cheap. They will never change their mind.
+2 Reply
AristotelCostel GaliX
2 years ago
Gold bugs suffer from the same sindrome simply because they are the victimes of a Ponzi scheme. :D

And let's not forget that BTC is already ZERO for the clients of Mt.Gox. :)
+1 Reply
YaKa PRO buyingtime7
2 years ago
WHAT!!!!! and your wall is empty... typical useless people that makes comments without showing any work...
Shut up and show some work of your own. which nobody will read most probably...
-14 Reply
YaKa PRO buyingtime7
2 years ago
hoho buyingtime. thank you for your wise words and all these very fancy words you use....

I dont care if it is simple.. you actually made a compliment without knowing.
-7 Reply
buyingtime7 YaKa
2 years ago
To paraphrase Forrest Gump:

Simple is as simple does, Mr Kanoun.

+1 Reply
elp buyingtime7
2 years ago
I remember in 2010 & 2011, gold made two rising wedge patterns. Rising wedges are typically reversal patterns. However in both instances they were continuation patterns. Bitcoins falling wedge could be a continuation pattern.
snapshot
+4 Reply
elp elp
2 years ago
And I mean continuation pattern where bitcoins fall back into the cents. Very well possible!
+2 Reply
buyingtime7 elp
2 years ago
Anythings possible.
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Yacine, in my opinion you are omitting the fact that as long as it's a moving market, there are interested parties trying to make money off of it.

Also, directly commenting on your chart, is there a reason why you omit some wicks while using others ? It is easy to draw triangles you want to see if you carefully choose the appropriate wicks. Therefore I think your triangle is wrong in the first place.

And although small, there still is a fundamental value to be attributed to Bitcoin, namely the fact that it can be used as a very convenient transaction medium. No, it is not a stock producing a constant cashflow, but holding Bitcoin to spend it (Volatility x Supply) also creates demand for the product.

Although largely speculative, Bitcoin has SOME value in my opinion.

Let it be clear that I am NOT one of those dillusional BTC to 10k$ preachers, but this scenario is quite the extreme on the other side of the spectrum.




+5 Reply
RoyVan Der Reijnst RoyVan Der Reijnst
2 years ago
My first comment could use some elaboration, namely that there's enough vested interests apparent in the Bitcoin world that would NEVER let Bitcoin go under without a fight. There is too much money to be made still through mining, manipulation, pulling the public into another ponzi bubble, or God forbid, actual real world use.
+3 Reply
IvanLabrie PRO RoyVan Der Reijnst
2 years ago
Agreed, I do use it for instance, it's an important part of my activity.
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harposox RoyVan Der Reijnst
2 years ago
I agree wholeheartedly with this statement. This is just a shakeout. Market makers are just shaking out weak-handed traders and mining ops before the next manufactured pop. Way too much easy money to be made.
+2 Reply
harposox RoyVan Der Reijnst
2 years ago
Bitcoin absolutely has value—it's a scarce commodity with demonstrable utility, and it has the promise for much greater utility in the future. It also has great *perceived* value as a potential speculative vehicle. I mean, the NYSE just invested $75 million into Coinbase—according to Crunchbase, this is the first investment of its kind that the NYSE has made in its entire 200+ year existence. Think about that for a second. The big Wall Street players are starting to stake their positions in what will essentially be an entirely new asset class. This thing is not going to 0... quite the contrary. The only thing in question is the timeline.

The fundamental difference between bitcoin and say, a penny stock, is the amount of investment wrapped up in it. Hundreds of millions of dollars worth of mining infrastructure, plus hundreds of millions more in venture capital developing new ways to use it. At some point the mining industry's got to find some sort of price equilibrium (up, not down), and eventually one of those VC-backed companies is going to create some sort of killer, indispensable application for bitcoin.

I don't see anything near 0 being likely absent some sort of black swan type event. I can certainly see dipping below $100, but that's such a strong psychological number, I can't see it remaining under that level for any extended period of time. Fact is, I see another bubble as much more likely than anything approaching 0. It's the easiest way to attract fresh money, media attention, and put bitcoin back in the mainstream consciousness... and for market makers looking to cash out, it's also the only way to attract enough potential buyers to dump their coins on.
+1 Reply
J23450N.
2 years ago
you're such a brickhead, why bother even posting these inflammatory charts when you admittedly know nothing about bitcoin anyways. Just piss off and stop fishing for views.
+1 Reply
YaKa PRO J23450N.
2 years ago
Hahahahaha... Fishing for views:)))))))))))))))))))))))))
you are a sub zero for me... i am not asking for views:) yours even less...
if you are so sure about your views. dont read anybody. dont read me at least...
You guys think that complaining about bearish posts will support the price.. how naive!
the first time i commented.. it was above above 300 and despite the complaint of your alike it fell 50% to 150...
Now 250... let's see.
-7 Reply
YaKa PRO J23450N.
2 years ago
J23450N, you seem bitter. My intention is not to add pain to people holding long positions... I was just expressing my view on my OWN wall.. If you were brave enough to post something bullish, i would not dare coming making disrepectful comments on your wall. Learn!
-4 Reply
J23450N. YaKa
2 years ago
The point is that your posts are inherently disrespectful, because they are 100% flippant. If you were posting technical analyses or even well reasoned predictions, it would be a different story. All your bitcoin posts are "bitcorn to zero, becuz wuts a bitcorn anyway, durrr". Posts are public, so never mind the "my own wall" bs. I guess trolls will troll though, and that is indeed what you are.
-1 Reply
ChartArt
2 years ago
Bitcoin had a bullish breakout before February ended, which will start at least a short-term uptrend in March 2015 (which I expect will will create a new long-term uptrend).

My conclusion is that you recommended with your chart to sell the exact Bitcoin price bottom of the year 2015.


Linear regression shows clearly a break out of the downtrend channel

snapshot




50 day period Bollinger Band is making it obvious that this an uptrend:

snapshot




Using exponential moving averages it is easy to see that this is a still very slow uptrend:

snapshot




The current uptrend looks already more stable compared to last months using a Hull Moving Average:

snapshot




And here is a chart using a sell/resistance area indicator, which also shows this is the bottom:

snapshot




Using long-term yearly Fibonacci pivot points it is possible to see that Bitcoin is on the edge of going bullish through the one year S1 support level:

snapshot




Also Bitcoin is already stable back above the one year S2 support level using yearly Camarilla pivot points:

snapshot

+4 Reply
YaKa PRO ChartArt
2 years ago
Going to close to zero my friend. soon or later.
-11 Reply
ChartArt YaKa
2 years ago
I would have agreed with you with a strong bearish outlook in the middle of February. But this bullish break on Friday makes it now even more likely that Bitcoin climbs above the $260 resistance in March, which is more pivotal than the higher $300 resistance you pointed out. I posted a chart at the rock bottom in January 2015, which is easy to track over the next months:

Bitcoin Bullish Reversal Pattern - 2015

Bitcoin Bullish Reversal Pattern - 2015
+1 Reply
YaKa PRO ChartArt
2 years ago
Very nice:)

This was entertaining.

Some people miss the point... Trading is not about agreeing with people. Trading is about trying to make money...

So here we just exchange views... not necessary to be rude, lack respect, impose your view etc... just state what you think... that's enough... and if you believe hard in your idea, just trade and make money quietly.

I tell you. the reaction i get each time i post something on bitcoin only tells me that the investors in it are nervous/frustrated.. and naive as well... there are plenty of real stock flying... just because bitcoin is trending down is a good reason to stay away (unless you can give me a clear stop...

From a pure trading point of view (and that is what we talk about) buying before it breaks 300 is more brave than smart.
-7 Reply
ChartArt YaKa
2 years ago
Buy low, sell high.

In the past I made the big mistake to trade only when things were more obvious, like your "breaking 300" example. I got 3x better in trading earlier this year when I started looking at the hidden chances, the very very low prices and if it is possible to confirm that they are the bottom or a falling knife. My conclusion is that It is possible to figure out a high enough probability to distinguish between falling knife and bottom and I'm glad I at least posted a Google chart to demonstrate this with a classic Wall Street stock:
Google Looks Uptrend Ready
(both the monthly and the weekly Google charts were both at the same time in the "hidden chance" status, almost similar to Bitcoin right now.)
+2 Reply
MoonTrader YaKa
2 years ago
"Trading is not about agreeing with people. Trading is about trying to make money..."

Says the guy who always talks about how worthless bitcoin is and starts long debates in every single bitcoin idea he posts.
+1 Reply
Rhistel YaKa
2 years ago
Sorry but people don't react on Your chart, but your rudeness in the posts, when You are getting in to the discussion. You even don't listen to Your own advice.
Regards,
+1 Reply
buyingtime7 YaKa
2 years ago
Shouldn't you be busy pumping and buying the all time high on the S&P like a good little CNBS banker shill?

Where's Dennis Gartman when you need him?! Better yet - get me Dennis Kneale stat!
+2 Reply
altcoinbonanza buyingtime7
2 years ago
lol
+1 Reply
charttrader PRO YaKa
2 years ago
Agree.
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ShortThePlanet
2 years ago
My view:
Just messing around
+1 Reply
YaKa PRO
2 years ago
BITCOIN LOVERS - DONT READ ME - SPARE ME YOUR STUPID COMMENTS.
-5 Reply
buyingtime7 YaKa
2 years ago
Well then don't publish a BTC chart for everyone to comment on, silly.
+3 Reply
MoonTrader
2 years ago
Acceptation?
+1 Reply
ChartArt
2 years ago
What analysts need to know is where Bitcoin is located inside the overall trend. Yes, the price could still fall, but this a bottom area here already.

A wish upon a star

A wish upon a star


Perfect Bubble in the making?

Perfect Bubble in the making?


Bitcoin long-term outlook 2015 with RSI quarterly price trend

Bitcoin long-term outlook 2015 with RSI quarterly price trend
-1 Reply
IvanLabrie PRO ChartArt
2 years ago
Relying on indicators and one trendline while completely forfeiting logic or any kind of deeper analysis isn't a good idea I'd say.
Right now, if we see a whole week above 247 in the okcoin futures, we can expect a kiss of 338 as the most extreme bull run possible.
The atr% has been decreasing, as Yacine points out, it's a huge falling wedge that never ends, because big money has already left the boat, thinking otherwise, is wishful thinking at best, and unrealistic.
Price is irrelevant to Bitcoin, since it's an electronic money transfer method, could function just the same at 0.0000000000001usd or at 1000000.
As for a reversal, people love to call tops or bottoms, it's a bad idea when the asset in particular is 100% speculative in nature. This was a bubble, but the question is not what's a fair BTC price for the speculators, but for the miners who sustain the network.
At some points, they will want to sell their gear, and if no one comes up with an alternative minting method, BTC will be dead for good.

snapshot
-2 Reply
YaKa PRO IvanLabrie
2 years ago
Voila - well said
-3 Reply
Pinkfloyd111. IvanLabrie
2 years ago
> Price is irrelevant to Bitcoin, since it's an electronic money transfer method, could function just the same at 0.0000000000001usd or at 1000000.

How would you explain price of tangible asset like gold? Each ounce is almost infinitly divisible to atoms. I hope you see you flawed logic. Bitcoin like gold is here to transfer and hold value. Bigger amounts you need to transfer more bitcoins you will need - if this will not hold true, other cryptos will take the role of bitcoin. Cryptos are here as a hedge against governments and will become very important when crisis starts and governments will try to expropriate more money from economy to pay debts and leaving people broke and jobless.
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IvanLabrie PRO Pinkfloyd111.
2 years ago
How is my argument flawed?
Gold is a well known store of value and hedge against inflation, since ancient times...BTC doesn't come close in that regard, nowhere near as popular and considered valuable. Also, gold isn't an electronic payment system, which BTC is: electronic money.
Like money, the price is irrelevant to fulfill its goal which is to allow trade, one carton of milk can be worth 1 dollar today, and 100 in 10 years, but people will continue to pay in dollars for it.
Likewise, BTC being 1 or 1000000 dollars, if I need to send you 200 dollars, I'll send as many btc as needed if I were to conduct a trade of that nature. I don't intend to hold BTC to speculate, I do use it, and I convert back and forth between BTC and dollars, as I'm sure many people do.
+1 Reply
buyingtime7 IvanLabrie
2 years ago
Fair enough.

I like BTC for spec but I like the shiny much better as I can hold it in my hands and it's weight never changes.
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altcoinbonanza buyingtime7
2 years ago
i would buy bitcoin minted gold coins with bitcoin too.
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YaKa PRO IvanLabrie
2 years ago
Ivan, I think you got it right.
-2 Reply
BitRod IvanLabrie
2 years ago
"big money has already left the boat," he says lol. You must be an ant on a canoe. Big money hasn't even started as bitcoin is still too small for them to even think of touching it. The big money is coming.
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AristotelCostel BitRod
2 years ago
Yeah. The big money wait and see what the poor guys are doing to copy their moves.
Anyone can do it. From nothing to 1163 you only need some secret services,, several small investment banks and a lot of computer miners perfectly dry and clean.
Only in this way you have a perfect Ponzi scheme. Buy nothing at low prices to sell nothing to a greater fool till the big money are in. We all know that bitcoins are limited, but the number of cryptocurrencies can reach... infinity. In theory, of course, 'cause fiat money, gold and even noodles are limited. Hence, maybe bitcoin experience is enough. :D
P.S. If you bought bitcoins above 1000, you can buy them much cheaper now, and in the near future you will buy them almost for free. I am sure you will reach nirvana by then.
-2 Reply
IvanLabrie PRO AristotelCostel
2 years ago
If you bought BTC for 1000 and didn't cut losses, you're not a trader, but a dreamer.
I sold the ones I had at 380, and those came from mining.
While I was mining I constantly sold because I knew price was coming down, as you can tell from my previous charts.
Doesn't mean I don't consider BTC of worth, since it's a great tool, but I'd rather not get emotional about my investment vehicles that's it.
-1 Reply
AristotelCostel IvanLabrie
2 years ago
Neah, you misunderstood me.
I'm a dolar rider since mai 2011. This simply means that I buy dollars when carry trade reversal is on, and sell them when the same sh... is off.
If BTC is a tool, it should have its costs which include a profit too, and not a speculative value. BTC is a simple Ponzi scheme and if you took profit from it good for you. :D

P.S. You met me before just because of one of your recent failed long euro views.
-1 Reply
altcoinbonanza
2 years ago
Yes the cone is pointing into the abyss but don't be so quick to give up on this digital currency/asset just yet. There is too much at stake with global awareness and global adoption for the abyss to swallow Bitcoin and for it to disappear. Too much venture capital, personal investments, too much interest in the blockchain and it's awesome capabilities, too much innovation, too much curiosity, too much freedom, too much genius, too much freedom of speech, too much technological breakthrough, too much movement, too much less government, too much secrecy, too much in the future for the abyss to swallow Bitcoin and destroy it's beauty. Can Bitcoin go lower, yes. Will Bitcoin go away, No!
+5 Reply
YaKa PRO altcoinbonanza
2 years ago
You are a bitcoin preacher - I respect that. You stated your opinion. Fine. Let's agree to disagree.
The promotion of bitcoin should not be made on its price which is exactly the reason why it will fail.
-4 Reply
altcoinbonanza YaKa
2 years ago
If you believe Bitcoin is going to zero I respect that also. At least you believe that it will. Many will not admit to that. I on the other hand believe Bitcoin will be the forerunner and the Goldman Sachs of digital currencies. Does Bitcoin have its flaws, of course. Are there other rivals that can take its place, yes. Now though Bitcoin has a beautiful foundation and tremendous lead over other competitors. Love your graphs and input.
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YaKa PRO altcoinbonanza
2 years ago
I just talk price.

Without disputing the benefit of the concept, I think there is something a bit strange: on one hand the fact that the price of bitcoin is fluctuating has brought a lot of interest and publicity to it. On the other hand, that fact that it is too volatile may be detrimental after all.
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Douglas-Squirrel YaKa
2 years ago
While most of the demand is probably speculation, It has some niche areas that require it's usage: those involving illicit markets (silk road type ventures). While one can assume that most users of these markets do not hold bitcoin given it's volatile nature, these markets do have marketcaps that require a certain amount of fiat value in BTC at any given time. I don't know what the sales of these markets are, and they don't publish their data, but I think they are big enough that bitcoin won't go below a dollar or near it. I often wonder what that floor is, could it be what BTC was at while silk road was at it's heyday? Who knows, but until there is a transfer medium that dethrones bitcoin from the top crypto currency used for those markets it will have some value so people using these markets can conduct transactions. I don't think bitcoin won't be dethroned by a more anonymous and faster crypto for illicit markets, but until it is, I doubt it will go to zero. What do you think?
+1 Reply
YaKa PRO Douglas-Squirrel
2 years ago
Doug, that is accurate and smart. Yes, as long as there is a need, there will be a value to it. which could be anywhere.. And as long as below 300, this value could be lower.. or much lower.
+2 Reply
ChartArt YaKa
2 years ago
Fundamental misunderstanding. Bitcoin is digitally modeled to be scarce, so the price is implemented to be a core feature. Here is the description of BItcoin by the inventor:

"In this sense, it's more typical of a precious metal. Instead of the supply changing to keep the value the same, the supply is predetermined and the value changes. As the number of users grows, the value per coin increases. It has the potential for a positive feedback loop; as users increase, the value goes up, which could attract more users to take advantage of the increasing value."

Source: http://p2pfoundation.ning.com/forum/topics/bitcoin-open-source


Bitcoin was massively overvalued in 2013. Yes, the price could fall more in 2015, but "to zero" is unlikely.
+4 Reply
YaKa PRO ChartArt
2 years ago
zero, 1, 10, 20, 30, 40... we are at 250... all those figures are very close from here... if it gets to 40, 20 is possible and so on.
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IvanLabrie PRO YaKa
2 years ago
IF price makes it unsustainable to 'mine' with huge datacenters that don't pay the power costs...how can Bitcoin survive?
That's the only fundamental qualm here.
+1 Reply
harposox IvanLabrie
2 years ago
I think you answered your own question. :) There's ample reason that market makers won't run this thing too far into the ground—there's too much money to be made in keeping it alive. There's a lot of psychology in play here... market makers need to figure out how low they can force the price without completely destroying the underlying confidence in the market.

Remember, what we are currently witnessing isn't just the unwinding of a price bubble, it's also an unwinding of a mining bubble. Prices will be suffocated until a sufficient number of mining competitors go bust. The biggest mining operations also run their own trading desks—there's no way these operations will take this thing to 0 after investing hundreds of millions of dollars in mining infrastructure. This bear market can last as long as these industry leaders can stay solvent, but IMO, no longer than that. The price HAS to rebound or there's no market left to manipulate.
+2 Reply
harposox harposox
2 years ago
Some additional thoughts:

As smaller mining operations go bust, those still standing will likely buy up these idle mining rigs—consolidation makes sense here, right? It also follows that these same companies will keep the hash rate high, not just for network security purposes, but also to keep the cost of entry as high as possible—after all, you don't want some deep-pocketed upstart swooping in and stealing a big chunk of your market share out of the blue...

Eventually these surviving mining ops are going to need a significant price mark-up in order to start paying their bills... and their investors. IMO this is an argument not only for the price never completely crashing, but also for a significant pop upwards in the medium- to long-term.
+1 Reply
altcoinbonanza harposox
2 years ago
i totally agree with you on this one. i tell my friends either Bitcoin will survive and thrive or go to zero. there is no middle ground for Bitcoin.
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IvanLabrie PRO altcoinbonanza
2 years ago
This is a more useful convo guys...Agreed on mining cartels, and I think it would take a big paradigm shift to solve this mining inflation and mining difficulty arms race issue, which is in my view, Bitcoin's biggest hurdle.
My bet: BTC devs fork it...or it dies.
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altcoinbonanza YaKa
2 years ago
i think the lower it goes the better, cheaper, for everyone to acquire.
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altcoinbonanza ChartArt
2 years ago
Amen
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ImperatorNY YaKa
2 years ago
You are an idiot Yaka.
-2 Reply
YaKa PRO ImperatorNY
2 years ago
?

Pathetic...
+2 Reply
ImperatorNY YaKa
2 years ago
You clearly have no understanding on the actual product, or technology, or instrument, or however you wish you can call it and its surrounding ecosystem and ongoing developments within it. Therefore, your price predictions are beyond me. Watch the next few months and if it hits $40 I will take my qualification back. But if it doesn't, then it was a well deserved one.
-3 Reply
YaKa PRO
2 years ago
WATCH OUT - INFLAMMATORY CHART FOR PEOPLE WHO BELIEVE THEY CAN BECOME RICH OUT OF THIN AIR:)
-3 Reply
IvanLabrie PRO YaKa
2 years ago
Potential upside risk? 36%?
Downside? 100% if it goes to 0...
+2 Reply
ChartArt YaKa
2 years ago
"In China Clean Air Sells At $0.80 Per Breath"

http://www.zerohedge.com/news/2013-03-03/china-clean-air-sells-080-breath
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YaKa PRO
2 years ago
so since everyone tries to give lessons without showing any trace of track record... BItcoin is something where i have been right so far.
Suggested short at 350 stop 409. still running... i d move my stop at 350 so i never lose a cent... profit may be 340:)
Bitcoin - Might go back to where it belongs to - Stop 410.
+2 Reply
IvanLabrie PRO YaKa
2 years ago
Nice one Yacine, BE stop indeed.

See these:

BTC goin
-> got flamed to death there...was right. ;)

Bitcoin bears rejoice
1 like

LTCBTC soon to tumble and fall to new lows
LTC, Bitcoin's ugly brother.

BTC: 5 quarter base
This one shows BTC could theoretically fall 706 usd...but clearly not possible since it stops at 0.

Flame on...
-1 Reply
YaKa PRO
2 years ago
THE PASSION AROUND THIS ALWAYS FASCINATE ME - 5bio in circulation. If it was a stock, nobody would care.. Just facinating:)
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MoonTrader YaKa
2 years ago
I'm not terribly passionate about it, but your anti-bitcoin rhetoric sure does seem to attract the people who are. It's not their fault you're a dick who, for some reason, always loves to flame bitcoin.
+2 Reply
bitception
2 years ago
yacine.kanoun sorry dude but you've been smoking some sh*t way too long.... this is not going anywhere near zero, and doubt we'll even see double figures again.... you need to up your charting skills rather than just drawing two lines. Its a falling wedge, all falling wedges point to the floor.... itll coil and breakout soon
+4 Reply
harposox
2 years ago
I'm not sure what merit this "cone pointing to 0" idea has. Doesn't any stock/commodity in a persistent bear market display a similar geometry?
+1 Reply
IncreaseMyT
2 years ago
lol I see the fudsters are out in full force.
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altcoinbonanza
2 years ago
you are causing a stir yacine.kanoun. i got to give you credit for that.
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buyingtime7 altcoinbonanza
2 years ago
He's making a scene and embarrassing himself, LOL.!
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IncreaseMyT buyingtime7
2 years ago
For sure, probably just trying to shake as many as possible before the next rise.
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buyingtime7 IncreaseMyT
2 years ago
He's not as important/influential as he thinks he is. Just another so-called "ANALyst" from UBS who once got 5 minutes on CNBShit and thinks he's famous now (as evidenced in his rant above "check who you are speaking to" and his avatar) . They are a dime a dozen.

I wonder if he's boinked Maria Fartaroma...

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buyingtime7 buyingtime7
2 years ago
Ewww!!!
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JasonV
2 years ago
If I could thumb down I would
+1 Reply
I wish I had more hands.. so I could give this shit 4 thumbs down. Look.. those of you who have commented about mining have a fundamental misunderstanding of how it works. Bitcoin can go back to being mined on CPUs and be no less secure than it is now. As to the sustainability of mining and the rest of those comments, I just have to laugh at how disconnected you are from reality. Regarding the chart, we've already broken out of the downtrend as per ChartArt and others. And to the rest of you who say all the money has already left bitcoin: it's apparent you've missed those big green bars. That's ok, there will be more of them to come. But go ahead, convince yourself that's not real money buying bitcoin and that it's still going to zero, irrespective of price. Seriously, go jump in the lake.
+1 Reply
kamk
2 years ago
"The idea is to take part in the market during the primary movement, and when it is violated, get out" - http://www.bitcoinprice.mobi/2014/10/dow-assumptions-analysis-long-term-chart/
Reply
xFuD
2 years ago
So you're saying there will be absolutely ZERO demand whatsoever by October?
+1 Reply
YaKa PRO
2 years ago

What a passion. The bitcoin fanatics are very emotional... Ignoring negative views would be more efficient.

You have really to be short of arguments to become personal.

Yes Bitcoin has a value like tulips have a value too.

The fair value of bitcoin could be lower though and without taking risk i was just saying the trend is down and remains so as long as it stays below 300. This is just a statement that is so factual that it should not be challenged. You can tell me you think it will break 300 (which i did not challenge). If you can't accept this statement, you have nothing to do in the market where by essence, there are different opinions.

Please give me as many "minus" as you like, it strengthens my point.

Best of luck with your bitcoin wealth,
+2 Reply
rbarnes1337 PRO YaKa
2 years ago
Stop trying to contort the issue. We gave you "minus" signs because your chart was constructed incorrectly from a technical perspective, as was already pointed out to you. And you knew that before you released it, you're not stupid. So it points to brazen dishonesty. If the above comment gets any more "minus" signs, now you know why.
-1 Reply
YaKa PRO rbarnes1337
2 years ago
LOL.
+2 Reply
I know that there are a lot of bitcoin fans here but i completely agree with this idea. Sell all bitcoins you have and forget.
Reply
YaKa PRO
2 years ago
Kind of following the path so far.
If the projection is right, this is where it accelerates down.
Reply
The last swing should be shorter than the previous 4 I think...we'll see though.
150-129 comes next.
Reply
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