If this news is real, seems to be some early consideration from a major grocery store change to switch from credit card payment to using lightning network.

https://bitcoinist.com/kroger-smiths-vis...g-network/

If true, they may have to start with some kind of limit, like less than $200 per transaction, or something like that.

Interesting bullet point tweet from PlanB that seems to place a pretty strong "not" below $2k.. no way, no how... hahahahaha.. Perhaps, perhaps.

https://twitter.com/100trillionUSD/statu...5772044289

The bottom is in, in this last few days the bears are doing everything to tank the price but without any success. I tend to agree with the post above: the halving is simply too close. as "outside" factors influencing indirectly the BTC price, I would add also that Ethereum has just reduced the issuance from 3 to 2 ETH per block (same effect of halving) and litecoin halving is expected in 5 months.
I will accumulate as much as possible during the next few months (the last of bear market).

(03-05-2019 05:05 PM)Giacomo Casanova Wrote:  The bottom is in, in this last few days the bears are doing everything to tank the price but without any success. I tend to agree with the post above: the halving is simply too close.
I will accumulate as much as possible during the next few months (the last of bear market).

I remain skeptical that the bottom is in, but surely I am glad to hear such assessment(s), if true.

I certainly have enough BTC to resume, UP.....

It'll be back up in a year or so. I think the underlying technology is revolutionary if you really study it. It has the potential to change the internet as we know it.

(03-05-2019 06:35 PM)JakckieDanger437 Wrote:  It'll be back up in a year or so. I think the underlying technology is revolutionary if you really study it. It has the potential to change the internet as we know it.

Well the timeline about when exactly BTC is going to be "back up," as you say, does have to do with the next upcoming halvening too.

There is no real guarantee that BTC will be "up" in a year, but if we consider a 2 year time line, then it is going to be quite difficult for any bearwhales or downward BTC price manipulators to have success in keeping BTC down (absent some real negative actual event rather than FUD).

It is likely that part of the difficulty in keeping the price down will really start to be felt once the new supply is cut in half, while there remains decent assumptions that BTC demand is likely NOT going to go down, and may well go up higher during that time, due to ongoing decent fundamentals (and nothing really is broken in BTC).

The next halvening is about 15 months from now... but based on prior couple of halvening examples, it appears quite possible that the upwards price pressures become more and more concretely felt after the halvening..... perhaps even several months after the halvening.

You know JJG, you don't have to respond with an essay to every single post on this thread

(03-05-2019 10:05 PM)Genghis Khan Wrote:  You know JJG, you don't have to respond with an essay to every single post on this thread

Why do you care? Aren't you interested in ETH and the pie-in-the-sky flippening, anyhow?

I am also beginning to think the bottom might also be in. I read somewhere that whales have accumulated 150k BTC in the last 2 months. They are trying to dump the price but it just gets accumulated leading to less available supply. Also agree that halvening is on everyone's mind and upward movement will start earlier than the last cycle.

(03-05-2019 10:16 PM)JayJuanGee Wrote:  

(03-05-2019 10:05 PM)Genghis Khan Wrote:  You know JJG, you don't have to respond with an essay to every single post on this thread

Why do you care? Aren't you interested in ETH and the pie-in-the-sky flippening, anyhow?

I love this thread, it just keeps on providing the best jokes.

I got a special meme ready for the moment Ethereum finally flips Shitcoin. Can't wait.

(03-05-2019 05:05 PM)Giacomo Casanova Wrote:  The bottom is in, in this last few days the bears are doing everything to tank the price but without any success. I tend to agree with the post above: the halving is simply too close. as "outside" factors influencing indirectly the BTC price, I would add also that Ethereum has just reduced the issuance from 3 to 2 ETH per block (same effect of halving) and litecoin halving is expected in 5 months.
I will accumulate as much as possible during the next few months (the last of bear market).

I'm getting increasingly more confident, just need to get the trend change on the weekly time frame as confirmation..

lads, what is your altcoin portfolio now?

I've seen some coins are already leaving the bear market, as ABBC, BNB and ENJ

(03-06-2019 12:33 AM)Genghis Khan Wrote:  

(03-05-2019 10:16 PM)JayJuanGee Wrote:  

(03-05-2019 10:05 PM)Genghis Khan Wrote:  You know JJG, you don't have to respond with an essay to every single post on this thread

Why do you care? Aren't you interested in ETH and the pie-in-the-sky flippening, anyhow?

I love this thread, it just keeps on providing the best jokes.

I got a special meme ready for the moment Ethereum finally flips Shitcoin. Can't wait.

Not happening.

(03-06-2019 06:48 AM)the_ox Wrote:  lads, what is your altcoin portfolio now?

I've seen some coins are already leaving the bear market, as ABBC, BNB and ENJ

Total alt marketcap is still very, very low. (July 2017 mini-bear market levels)

Losers currently vastly outnumber winners in the alt space. I'm staying away until I see more positive signs.

(03-05-2019 05:05 PM)Giacomo Casanova Wrote:  The bottom is in, in this last few days the bears are doing everything to tank the price but without any success. I tend to agree with the post above: the halving is simply too close. as "outside" factors influencing indirectly the BTC price, I would add also that Ethereum has just reduced the issuance from 3 to 2 ETH per block (same effect of halving) and litecoin halving is expected in 5 months.
I will accumulate as much as possible during the next few months (the last of bear market).

Ah, "the bears" keep on doing their thing. Those same "bears" that never seem to have to do any buying of their own. Occasionally they'll disappear during a run up to let it really grow before they return with coins harvested by their agents and in their chumpatrons.

Below is a link to an article of a QuadrigaCX update of today, which shows that cold wallets had been emptied last April (2018), and also it appears that the money had been sent to exchanges under about 14 different user names, and withdrawn to other outside addresses that have not yet been discussed in the article.

https://markets.businessinsider.com/curr...jlciuke5ss

Pretty sad situation, and hopefully some folks are going to get caught, if more than one... and seemingly increasingly premeditation fishy.

(03-06-2019 06:48 AM)the_ox Wrote:  lads, what is your altcoin portfolio now?

I've seen some coins are already leaving the bear market, as ABBC, BNB and ENJ

The ones you mentioned might have already topped out. BNB might keep going up forever but I think it needs to correct. It's heavily manipulated too.

For alts I recommend one's that have flatlined (in BTC terms) & also close to initial value. These will be dead money for a while but safer to enter these ones:

NEO, OMG, ADA, IOTA.

Weiss Cryptocurrency Ratings Take on the...

New Facebook Coin: 3 Mistakes Experts are Making (In relation to Bitcoin)
By Juan M. Villaverde on March 6, 2019

Facebook is taking the plunge.

Behind closed doors and under a veil of not-so-secret hush-hush, they’re preparing to launch their own “cryptocurrency.”

No one on the outside seems to know what a Facebook coin will look like. But some experts and media observers have already responded with great fanfare.

“The Facebook coin promises to succeed where Bitcoin failed,” they rant. “With billions of users, the Facebook coin is going to roar to the top,” they rave.

They’re making three basic conceptual mistakes …

Mistake #1
They seem to think Bitcoin is down for the count.
Far from it!

Bitcoin was created with a fundamental promise — to create an open, public, shared database; to remove the need to trust any third party with sensitive data; and to transfer money securely, privately and permanently.

That promise has been fulfilled in its entirety.

Bitcoin lives on an open, public distributed ledger, shared by countless users.

There are no third parties involved. The miners who operate the network don’t even know — or care — who is sending and receiving the Bitcoin. All they do is verify that each transaction follows the rules of the network.

The network has never been hacked.

The underlying technology — blockchain or Distributed Ledger Technology — has never allowed a single leak of confidential information.

All personal data is encrypted, private and secure.

Then, once the transaction is written on the blockchain, the record stays there forever. No one has the authority — or ability — to change it.

If you use the Bitcoin network for a transaction — no matter how big or small — you reap the benefits:

You don’t have to trust a soul.
You don’t care who the miners are or how your transaction reaches them. All you know is that you have a valid signature, authorized to spend your funds.
And you can send those funds to whomever you want.
This makes the Bitcoin network a trustless system. In other words, you never have to trust any central authority or intermediaries to handle your money — not even to enforce the rules.

Result: Today, Bitcoin’s adoption is stronger than ever. Transaction volume has doubled in the past year. Transaction fees are now much more affordable. And Bitcoin’s Lightning Network has grown steadily from the day it was launched.

Mistake #2
They think Facebook is compatible with
public open ledgers like Bitcoin’s.
It’s not. The Facebook business model is based on collecting vast amounts of personal data from users and selling it to the highest bidder.

User data is their single most valuable asset. And all the data is owned, controlled and monetized exclusively by the company.

Moreover, despite Facebook’s apologies for a never-ending series of privacy abuses, that business model is not changing.

So, how can Facebook marry a private, closed, centralized business with a public, open, decentralized technology? It’s a head-scratcher. In fact, CEO Mark Zuckerberg himself says he hasn’t “figured out a way to make this work out.”

Actually, there’s only one path: Facebook creates a digital asset backed with U.S. dollars stashed in its bank account.

This puts the digital assets on a computer network that it fully controls. And it winds up with a fully centralized payment system that’s essentially no different from Visa’s or PayPal’s.

Mistake #3
They think Facebook can at least use blockchain technology.
The idea is that Facebook will adopt and adapt blockchain. It will use it to create tamper-proof records. And the technology will somehow make its social media platform more secure or more private.

Truth be told, the main reason cryptocurrency records are more secure and more private is not because they use blockchain or other Distributed Ledger Technologies. It’s because no central authority controls them; no one has the authority to change or remove them.

They’re tamper-proof only because there are no owners or controllers who could do the tampering.

Once you uproot that technology from its native system and transplant it to a centrally controlled organization like Facebook, the security and privacy benefits are largely out the window.

Like planting an evergreen in the desert. Like installing a Boeing 777 jet engine on the 180-meter Azzam yacht.

It just doesn’t work.

(03-07-2019 01:07 PM)Deepdiver Wrote:  Weiss Cryptocurrency Ratings Take on the...
[edited out]

I recall some pretty dumb stuff coming from the Weiss raters in previous articles last year-ish, with their seeming inabilities to get what differentiates bitcoin from other cryptos, and their assessment in the above quoted article is a lot better in that regard.

So kudos to you, Deepdiver on finding and providing that article.. and it may reflect that you are also starting to get what is bitcoin, since I recall you bashing on bitcoin quite a bit, too, last year-ish.

The Hyperwave Team's Viewpoint in multiple videos on their channel is that Hyperwave Phase 7 will not complete until Phase 7 retests the Phase one low of 1,000 USD. Simple A-B-C wave analysis of Wave C equal to Wave A equals a target retest of 1242 USD. And even this range maybe optimistic as there are a huge number of orders on the VPVR (Volume Profile-Visible Range) at
670 and 189.

Therefore if you are buying into "The BTC Bottom is now" Mantra at 3863 right now be sure to at least hedge with a 20% or less Trailing Stop Loss and some 1,000 and 500 pt Puts (Shorts) on Bitmex etc. (Not sure if you can short BTC on the new ABBRA virtual wallet and trading platform yet).

Hyperwave Channel:
https://www.youtube.com/channel/UCLJxbdX...QSw/videos

(03-07-2019 01:26 PM)Deepdiver Wrote:  The Hyperwave Team's Viewpoint in multiple videos on their channel is that Hyperwave Phase 7 will not complete until Phase 7 retests the Phase one low of 1,000 USD. Simple A-B-C wave analysis of Wave C equal to Wave A equals a target retest of 1242 USD. And even this range maybe optimistic as there are a huge number of orders on the VPVR (Volume Profile-Visible Range) at
670 and 189.

Therefore if you are buying into "The BTC Bottom is now" Mantra at 3863 right now be sure to at least hedge with a 20% or less Trailing Stop Loss and some 1,000 and 500 pt Puts (Shorts) on Bitmex etc. (Not sure if you can short BTC on the new ABBRA virtual wallet and trading platform yet).

Hyperwave Channel:
https://www.youtube.com/channel/UCLJxbdX...QSw/videos

You don't need to short bitcoin in order to prepare for "the bottom is not in" scenarios.

It has proven dumb to short bitcoin on a lot of occassions in the past, including when significant price corrections have already occurred, and also if you are not used to and experienced with trading - including how traders on various exchanges that employ margin trading and shorting abilities, manipulate the fuck out of margin trades in order to force stop losses to execute and then the price moves in the opposite direction, and you will be much better off just attempting to accumulate BTC, including having fiat available to buy more BTC, just in case some of the bear theories play out, whether they are the hyperwave theories or other "the bottom is not in" scenarios.

VPVR tracks past orders to find potential levels of resistance and support. (IE if a lot of people bought and sold bitcoin at 3000$, VPVR will show a huge spike at 3000$)
On its own I don't think VPVR is a bull or bear flag, so saying that it's showing heavy activity at the sub-1k level doesn't necessarily mean much.
I haven't looked at a VPVR for Bitcoin in a long time because my tradingview subscription is no longer active, though, so it may be that I'm missing something?

(03-07-2019 01:17 PM)JayJuanGee Wrote:  

(03-07-2019 01:07 PM)Deepdiver Wrote:  Weiss Cryptocurrency Ratings Take on the...
[edited out]

I recall some pretty dumb stuff coming from the Weiss raters in previous articles last year-ish, with their seeming inabilities to get what differentiates bitcoin from other cryptos, and their assessment in the above quoted article is a lot better in that regard.

So kudos to you, Deepdiver on finding and providing that article.. and it may reflect that you are also starting to get what is bitcoin, since I recall you bashing on bitcoin quite a bit, too, last year-ish.

Last yearish Bitcoin Dropped from nearly $20K (Coinbase ATH 19,891) Hyperwave Phase 4 Peak to current Phase 7 down currently Coinbase 3,870 Let's see 19891-3870= 16,021 LOSS. Down 80.5% and per the Hyperwave team must Complete its retest of the Phase 1 beginning at $1,000 before the next BTC Bull Run can begin.

Of course the Omniscient JJG a confirmed crypto fanatic and self determined Guru deigns to condescend to those who discuss facts as "Bitcoin Bashing" especially key technical analysis questions like 1. Where have we come from? Where are we now? Where are we going to?

As for Weiss Crypto they have one of the most comprehensive and balanced Crypto rating systems based upon both adoption and enhanced technologies with Bitcoin rated C+ and Ripple, Stellar, EOS and Cardano at B+ their highest current rating.

I happen to like the Litecoin and Monero projects as coins I regularly actually use in addition to some of the stable-coins for trading.

FYI:

Disclosure of [Weiss] Model Components:
https://weisscryptocurrencyratings.com/about

To be consistent with the transparency that has become the hallmark of the cryptocurrency space, Weiss Ratings’ intent over time is to disclose as much as possible about its model.

However, decades of experience in the financial marketplace indicate that, once armed with the specific formulas or processes of a ratings model, some rated entities seek to game the system: They try to manipulate data they can influence or control with the goal of achieving an unfair advantage. To help avoid this outcome, disclosure must proceed in phases, beginning with a broad description of the four key indexes in the Weiss Cryptocurrency Ratings model. These are:

The Risk Index. A composite of sub-indexes that measure (a) relative and absolute price fluctuations over multiple time frames, (b) declines from peak to trough in terms of frequency and magnitude, © market bias, whether up or down, and other factors.

The Reward Index. A composite of sub-indexes that evaluate (a) returns compared to moving averages, (b) absolute returns compared to a benchmark, © smoothed returns compared to a benchmark, and other factors.

The Technology Index. A composite of sub-indexes calculated by a manual analysis of publicly available white papers, public discussion forums or announcements, and open source code to evaluate the protocols underlying each cryptocurrency. Factors considered include the level of anonymity, the sophistication of monetary policy, governance capabilities, the ability or flexibility to improve code, energy efficiency, scaling solutions, interoperability with other blockchains and many more.

The Adoption Index. A composite of sub-indexes that evaluate transaction speed and scalability, market penetration, network security, decentralization of block production, network capacity, developer participation, public acceptance, plus other key factors.

Each of these indexes is appropriately weighted, compared and then evaluated in terms of how it interacts with the other three indexes systemically. The end result of the analytical process is the Weiss Cryptocurrency Rating.

Overall, Weiss Cryptocurrency Ratings provide a well-rounded, solidly-grounded opinion based on hard facts and steeped in four decades of ratings experience. They can serve as much-needed cryptocurrency GPS for investors.

What I like about Weiss is they avoid the Crypto Fanboy FUD/FOMO pump and dump hype.

Insert BitConnect Tarzan Yell here for effect...

I dunno, Weiss's ratings felt pretty gimmicky to me. Maybe I'm just sour on them because they published the first of them right before the end of the boom, so they came out and said things like "Cardano is a B+!" right before Cardano got hit with something like a 90% drawdown.

How well have Weiss's ratings correlated to returns over the past year and three months? Did higher rated cryptos have less losses?

(03-07-2019 02:40 PM)SamuelBRoberts Wrote:  VPVR tracks past orders to find potential levels of resistance and support. (IE if a lot of people bought and sold bitcoin at 3000$, VPVR will show a huge spike at 3000$)
On its own I don't think VPVR is a bull or bear flag, so saying that it's showing heavy activity at the sub-1k level doesn't necessarily mean much.
I haven't looked at a VPVR for Bitcoin in a long time because my tradingview subscription is no longer active, though, so it may be that I'm missing something?

FYI:

https://www.tradingview.com/chart/BTCUSD...5-to-2019/

(Coinbase Data)
Volume Profile-Visible Range Buy Sell Order Clusters at key price points - basically what the entire BTC Crowd of Traders are betting their money at on Coinbase...

BTC VPVR TPO (Time Price Opportunities) Clusters Chart Timeframe 2015 to 2019:
6,350
3,890
2,600
1,000 interesting that this is the Hyperwave Phase One retest target...
650
189 Current POC or Point of Control on the Longer Timeframe BTC daily chart as a bold red horizontal line.