Hypothetically BTC hits 5K

I was corelating big boy BTC to alts mining, since without BTC everything is irellevant in current market.
Crypto is bleeding for full 3 months now, I think better speculation here is that price will go lower to some deciding level?
So i entry at 5K, and he will pamp it?
Not going to happen, people will just cash out, and create bigger crash

pamp what ? we already made a plan for btc this year. It wont last that long anymore, Satoshi has given up on the twins now they have full control of btc

TA fags, what does the charts say ?

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>after it hits under 4k because the miners are not getting paid anymore
what's up with people here not understanding the very basics? mining difficulty adjusts, you fuckin goofus

Bitcoin is a shitcoin. Fundamentally. It's time for the damn thing to finally die.

> bullrun starts
Duuuuude. Face it. There are all these triangles people like to draw and then they say bullrun if it breaks upwards. Not how it works, we may get bull week.or something like that if we're lucky. Be prepared for a year of nothing, I don't think we're going there, but be prepared for the posibility.
> we fall under 2K and crypto is over
Crypto is very independent of its price. Most shit works better now than in December, but now nobody wants it anymore.
> Do You believe that miners will let that happen ?
If mining becomes really unprofitable and most miners leave forever, the difficulty gets readjusted. Technically we could get stuck forever in a block that's too hard to get solved but there are too many incentives to allow that to happen. Five years running at a loss may be a problem but on anything else they're probably not going to give up so easily.
> NVIDIA/AMD will let that happen(they are making bank on those prices)?
It's giving them good profits but they can survive without that.

Gonna be brutally honest here, i thought that a while through:
>Blockchain, as a tech, has a very bright future
>Cryptos that can be tied to realworld products and/or realworld usage have a future

Internet Monopoly Money like Bitcoin - likely not.
It will stick around but the negatives are a killer: slow, expensive, massivly rigged in favor of early investors, ecological disaster, no central bank backing, absurd volatility, limited supply (yes this is actually negative and spins the narrative into gambling and away from investing).

ETH - from my point of view its massivly overvalued right now. There‘s still too many lucky early guys sitting on tons of this stuff they bought for cents. Why should i buy this? Realistically one ETH should or could be worth 5-15 USD but not hundreds, especially when there are hundre millions in existance. Also it cant scale as we‘ve seen already with one mildly popular app like Crypto Kitties. As a government or corporation you dont need ETH for a blockchain, there will likly be cheaper solutions be around soon by cloud providers.

I'm sccrrd

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Keep in mind Bitcoin peaked, 80% of it is mined and the era of extreme profit is over.
You pay now thousands for a part of a coin, few years ago you received thousands for a couple dollars. The lifecycle of Bitcoin is coming to an end. Also when prices fall and the mining reward gets lower the network will become insecure due to low difficulty, driving the price even more downwards.

And remember minimum level quantum computers that can breach eliptic curve crypto in acceptable time are 2-5 years around the corner and will be able to hack all private keys from addresses that have at least sent one time over the network.

Good input. What's your folio then and strategy for upcoming months
100% agree on ETH, but about BTC- how many are those early investors are left ? How many people sold/lost/spent their BTC way back? I don't believe that even 10% of early investors remain calm till December of 2017.

i dont know about bitcoin early investors.
I see the advantage of the blockchain, but BTC itself has some serious design flaws and downsides that will and can never be fixed.

I would see a huge potential for money on a blockchain when central banks got involved, e.g. extending the EUR with a Crypto-EUR. The advantages of the blockchain are clear but Bitcoin is just Monpoly money at this point, has a lot of very negative downsides and people start to see it. The main problem is as said, that we‘re in late stage now where 80% has already mined. Due to that, there‘s very low incentive to jump on the truck with big money today. Also, the tech may be mature, but realistically its old...

You are a fucking retard. You can take your quantum computing shit and shove it up your mother's loose asshole from your dad pounding it. They are not 2-5 years away, you fudding annoying ass actual pajeet. Bitcoin is here to stay and every single one of you annoying fudding pajeets will be left in the dust if you don't have any coin.

If it hits 6k I'm buying in

Tether, BTC and XMR, shorting with pussy leverage, small ADA bags because there's a suspicious sell wall at 2K but they're leaving me in less than a week one way or another. I need to see some strength before I start thinking into really buying alts again, right now that would mean BTC closing a day above 8k but I'll probably need to change that number later.

You're right they are less than a year away ASIC is a thing and will making GPU mining a joke so I hope you enjoy your 100k paper weights that consume your electric bill
Since the alternative option consumes 1/100th of the power of a gpu

If it gets to 6k there's no reason it won't be dumped harder that's it the whales allow it to get that low in the first place, looks like a hard hold at around 7k-8.5k and if (they) see it drop too low they pump it

You forget that the difficulty only adjusts every x blocks. If big miners stop say just after an adjustment or in middle it could take a very very long time to reach the next adjustment block

Yeah, you're a stupid fucking retarded nigger if you think quantum computing is right around the corner. Kys for being so annoying

Hope you enjoy your loss brainlet also I'm not even the same guy you originally replied too

You wear a helmet and Velcro shoes when you go outside don't you?

That's why I'm quite excited about JNT. Crypto fiat has a bright future, it's how smart contracts will be applied to everyday transactions.

Shit is basically in slow death. Btw has cancer and there is no cure. It is destined to die.. eventually. It's only real purpose was to be the first and plant an idea. Mission accomplished, now move on to a coin that can work and fixed btc's flaws.

Im not a pajeet.
> German, 34
> Tech & econ degrees
> My life and shit together

I read on quantum, know about Shors algorithm,
I know in detail how eliptic curve works and what can happen once we build Quantum Computers that go reliable beyond 50 Qbits. No FUD here.

I’m not a fucking retard like you inbred wanker.
It‘s a dangerous scenario that WILL eventually happen sooner or later. Now get lost and suck your dads cock you worthless uneducated piece of human waste.

> 100% agree on ETH, but about BTC- how many are those early investors are left ? How many people sold/lost/spent their BTC way back? I don't believe that even 10% of early investors remain calm till December of 2017.

Really sad that people are still hung up on early ETH performance. After a few painful ICO's they already implemented some scaling solutions. (Not even talking about future sharding). ETH not scaling is just fud.

The price of mining can go down too fuckface

Bitcoin is turning into a fiat currency retard. It won't be as useless as it is today but it will be completely controlled by cryptokikes in 2-5 years (it's already controlled by cryptokikes).

Bitcoin Cash on the other hand will remain decentralized with cheap peer-to-peer transactions and huge blocksizes.

Stop insulting each other, quantum meme computers are not even a topic here. You guys just insulted each other about things that are not even here yet that's no1 and no2 if they will be here, let's see if they can really break the chain.
Thanks for input

>Fundstrat (professional Wall Street research firm)says BTC will probably be around 20k by mid year.
>Goldman buys Poloniex trough Circle
>Coinbase launching custodial accounts in a few weeks
>Binance goes to Malta welcomes by the prime minister, Fiat pairs
>...
Yeah, I’ll listen to you guys.
NOT

I’ll lsiten to you guys for sure.
NOT

*welcomed

>Technically we could get stuck forever in a block that's too hard to get solved but there are too many incentives to allow that to happen.
Big pools spend millions on big hardware and they've been fine with their ROI not being covered for months, if shit gets really bad then they may stop upgrading their stuff, sell part of their equipment and the network gets worse for a while but it's not like they just leave one day.

Ahem, BCH does not have that problem. It has the emergency difficulty adjustment, which should also have been added to BTC, but wasn’t.

Sources ? Interesting info

That would require a hardfork goy, you know we can't hardfork because ....

fundstrat
cointelegraph.com/news/fundstrats-tom-lee-stays-bullish-on-btc-price-sees-major-firms-joining-crypto-sphere

goldman
reuters.com/article/us-crypto-currencies-circle/goldman-backed-startup-circle-buys-major-crypto-exchange-poloniex-idUSKCN1GA1N4

coinbase
custody.coinbase.com/

binance
bitcoinist.com/binance-malta-prime-minister-welcome/

Crypto will never die as long as people want to get away from central banks. 2017 ETH goes ballistic and the game evolves as smart contracts evolve and more projects find their legs. Crash happens people cash out, hodl, or tether up. Net outflow of money. ETH gets bled by ICOs. Eventually BTC hits the right price for people to start buying and pushes it up substantially. The money comes back in but not into Eth, unable to bring out scaling for traffic (plasma/sharding/etc) in time as the returning money comes into a new platform (which one or ones, eh who knows), meteoric rise for the new challenger as ETH struggles to regain the hallowed ground of former glory as newer platforms splinter it's market. BTC makes a nice run pulling alts with it. As far as timeframe, honestly who the hell knows, but to think that DLT and blockchain technology is gone is shortsighted. The public is so much more aware of crypto assets that it won't just die forever.

I doubt crypto will die. Its an easy way to make money, and fun too. No idea when the next bull run will start, but people are accumulating. They'll want to sell off at new highs

EOS, that’s where the money comes back to.

Last drip to 6800 and then boom to the moon

>easy way to make money
I'm down 80%

10/10 input. Thanks user

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>gradually drop to 5k
>growth to 8k in summer
>drop to 4k in fall
>zero growth in 2019

It's 2014 again. Long term HODL if you believe we'll eventually see mainstream adoption or get out before it gets worse.

On the plus side, shitcoins are going to start atrophying in the next couple of months. Only top 10 and a few technically inventive coins will soldier on.

Look how long BTC has been number 1 and you think the first smart contract platforms is going to be dethroned overnight topkek

A lot of people that have done well on this thing were dumb money at some point too.

In addition to the other information I posted in terms of news (there’s a lot more than that), BTC’s historical price action actually matches the prediction of a second bull run this year. Most of the TA people are looking at short time frames on linear charts.
>pic related
Furthermore, notice how the “ it’s over”, “2 years bear market” calls have intensified last couple of days. Remember, the crowd is always wrong.

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What's the good entry point here then ?

5K ? 6K ? 6800-7000 ?

Yeah pink wojaks, and wagecuck memes intensified, but somewhere in this pile of garbage are actually people that make sense like You.

On the chart pictured one can see key psychological levels. They have different weight, 10, 1000 and 100,000 are heavy, hard to break trough. 100, 10,000 and 100,000 are lighter, easier to break trough. Also, one can see the evident symmetry on a log, full picture chart.

Not sure, I do not believe it can go bellow 5000, more likely 6000. It’s hard to catch the bottom, trend is your friend so I’ll wait for the bounce. I must say I believe the bottom won’t be in before mid April.

Do You have that pic in bigger resolution ? It's small af. Yeah I'm waiting to pull the trigger, I will not wait until 5K that's for sure and I also don't believe it will hit 5K. I'm setting my entry point at 6200-6800 I think. What's Your blockfolio user, and what projects do You believe in and why in this year?

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*100, 10,000 and 1.000,000 are lighter
( not saying it will reach 1.000,000 but it is possible, just like it was possible to go from 0 to 1,000)

1-3k is the true bottom, i believe, but even from there you can't say a new uptrend will begin, we could range for months with relatively low volatility

I don’t. I found it buried on TradingView.
I’m all in fiat right now waiting.
I’m going in BTC, EOS and a smaller portion on JNT and maybe XRP. Once things get going I’ll look into other stuff.

>if crypto falls below 2k it's over
Nigger it had been under 2k for YEARS and it was not over. BTC will recover.

If it was to get to 3k the long term trend would be finished. It’s extremely unlikely for one simple reason:
No one wants the game to end, people who have money are greedier than you and everybody else here.

Socrates, Martin Armstrong’s bot says the long term uptrend would be finished at $3,200.

Everyone left of those early investors. Just imagine - let's say you put in 1000$ that becomes 1M$ in 2-3 years. You really think ppl won't cash out? Sure, maybe not all of it, but literally everyone is kicking themselves now for cashing out ''too early'' - when in fact, they got 10000% returns in one year and stuff like that. Anyone who has not sold by november did so in december/january.

I also love it how they say BTC is dead because 80% of it has been already mined. How is that a bad thing?

Anyway, the common man is being played big time. The writing is on the wall literally.
>Follow the money

Here’s a question:
Why wouldn’t they get back in again?
Answer:
No one can taste this type of gains and stay away. Human greed mixed with the possible further returns new internet are too strong.

>>Fundstrat (professional Wall Street research firm)says BTC will probably be around 20k by mid year.
Literally one person mentally living in December (when everyone was making these predictions)

>>Goldman buys Poloniex trough Circle
Literally a shit exchange (check the complaints). Besides, they make money with fees. They don't care if BTC is 10k or 1k.

>Coinbase launching custodial accounts in a few weeks
Essentially useless, just a reflection of the general euphoria of late 2017

>Binance goes to Malta welcomes by the prime minister, Fiat pairs
A tiny offshore country welcoming a gambling company

>It’s extremely unlikely for one simple reason:
>No one wants the game to end, people who have money are greedier than you and everybody else here.
The game won't be finished even if BTC gets back to triple digits. Crypto will always attract gambling personalities.

I won’t bother addressing your points, I don’t have time.
Suit yourself.

Don't forget about Coinmetro and GBX exchanges too, they will also play by the rules..

I didn’t mean it would be finished for good, I meant the long term trend would come to a halt and then we would have a longer waiting time until the bull returned. Not gonna happen.

That's precisely what might, and pretty certainly will happen. But I agree that the bubble has not truly popped yet. There's a great collapse of hopes ahead, when it turns out that the majority of crypto projects and bitcoin itself are not needed when organizations can simply adopt internal blockchains.

My points are valid.

>If it was to get to 3k the long term trend would be finished.

Not sure why that would matter, but, I just found the bottom of the crash after 2014 and drew a trend line from that low to the next high, and if i trace it forward in time btc could go under 3k very easily and still be on that initial trend. in fact, until august, it can go under 1.3k and still have that initial trend intact.

i like 1.3k as a bottom as it would create a clean trend. for most of the initial trend btc tested its prior highs, but 1.3k was never tested.testing the 2014 highs before trending up again would be very poetic and make a beautiful chart.

I'm on the fence about getting a asic. Prices are dropping on them and I get free power. Thoughts?

Keep in mind that the BTC bubble =/= the crypto bubble. The BTC bubble precedes the crypto bubble, and while the BTC bubble could have popped, the crypto bubble still hasn't (yet).

Just the same way as the buyer interest for bitcoin did not overlap with the bitcoin price, but actually preceded it (the highest amount of searches for buying bitcoin was on December 7, after which it went down, while the price peaked on December 16)

slight addendum here, what i spoke about the trend was true on linear scale. on log 3k is possible until june, anything under breaks that trend.

personally i weigh the horizontals at 3k and 1.3k much more than any diagonal. whether the longterm uptrend remains intact or not is clutching at straws, because the immediate trend is down.

Why the fuck would everyone buy in again?
you faggots are ridiculous.
You're not getting your money back.
Get the fuck over it you retard.

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bitcoin wont die. it's the most secure crypto with plenty of features being developed to improve its robustness. The base layer isnt meant to be agile - it's only purpose is to be unbreakable at the cost of transaction speed. You dont build everything into one layer - you divide different functionalities into seperate layers like an onion. Base bitcoin wont be scalable but additional "layers" will augment it, such as LN that sacrificies decentralisation for speed.

Thanks for input overall.
Yeah I think the same, also fact that it's mined already is a good thing because of scarcity.
Can You draw meme lines, and provide some pics for research
I am waiting for opportunity to buy, I don't think it's over.

>easy way to make money
off idiots like you sure

He is actually kind of right. Alts tthat are profitable to mine with gpus won't be profitable with a bitcoin crash until alts are removed from trading pairs with btc. Or any volatile currency for that matter.

>I am waiting for opportunity to buy, I don't think it's over.
The man who saved crypto everybody.
He's going to put 6 gorillion trillion dollars into crypto.

i think it is over. i feel like these projects have value i truly believe in link but feel they just wont succeed bc im destined to be a poorfag who cant make it on his own motherfuggser the rest of my life. even if partnerships are announced or req mainnet releases working product you really think that will matter? no. it will tank 30 percent bc we are in a bear market next two years like fuck all charlie lee said and litecoin is going to twenty dollars. fuck man it truly is over. there is nothing we can do but watch all our hopes and dreams go down the drain. even if you bought in late 2016 early 2017 you are watching all your gains evaporate before your eyes. the dollar is about to collapse. boomers are about to sell off once social security is found to be insolvent. another round of QE is coming we already added another trillion to national debt. nobody wants to buy oil in dollars. bitcoin is becoming centralized blah blah we are all fucked.

Bitcoin will never die as long as there is greed. People said that back in 2013. It will all be done again, green dildos and massive price run, but not now. Bitcoin is long game, rich people playing it don't rush.

>I don't think it's over.
It won't be over even if bitcoin never hits ATH again. Too bad, some people believe that the only way to win in this game is to HODL indefinitely, and I believe they'll get punished

looks like you altcoin faggots didn't learned. Enjoy being burned for eternity until you realize BTC is just about the only project that matters in this space. But no, your copy paste coin that promises you the world is going to deliver, just gotta wait for that mainnet!

i hope so too. Everyone wants to be rich now. Real whales dont give a fck about us. Holding and losing money past 3 months in DOWNTREND is all you should get.

>no central bank backing
Yeah.. Such a negative.

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>Can You draw meme lines, and provide some pics for research

Okay. Here is the log chart. I've drawn horizontals where I think there could be a lot of activity. In the blue box to the left is the range that btcusd made at the bottom of the 2014 bear market. Stemming from the low of that range is the first possible trend, and the last one that can be broken before you can say there is no uptrend intact. I've added two verticals, one for today and one where the diagonal trend intersects with the 3003 level to show the date where 1. btc can hit 3003 or lower before that date and 2. if btcusd goes under 3003 after that date the trend is broken.

1 of 2

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This is the linear chart. Again, the range to the left in blue is the bottom of the 2014 bear market, and the trend line stems from the low there. Again there are two vertical levels, one for today's date and another where the trend line intersects the 2014 high of 1175.

I've drawn these out with the trend but as I say, all I care about personally is the horizontals.

2 of 2

Attached: btcusd linear.png (1590x962, 73K)

Yes, it'll happen eventually. That's why coins working on quantum resistance are a good hedge.

> I’ll wait for the bounce
Do you think it'll really be a bounce? Or more of a low volatility "depression" where nothing much happens for a while?

Thanks dude

Shit, when You cut out like 60% of posts here, this thread was actually a good and interesting read.

I guess this board is not dead afterall

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