Mrnewbie

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I had hoped this thread would be more entertaining and @BOB JAMES the Crypto Investment Expert might weigh in with his opinions!:D
Your always unbiased so I can't understand why anyone is taking this news wrong.
 

Panther28

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And what exactly in your opinion is going to be the problem once it's all mined?

Well its going to be all mined in like a few years, and if that was oil or gold that suddenly had a supply chain end, then the price would sky rocket
to sustain the demand, so will the worlds favorite crypto currency go the same way? Will be interesting to see
 

jazzc

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Well its going to be all mined in like a few years, and if that was oil or gold that suddenly had a supply chain end, then the price would sky rocket
to sustain the demand, so will the worlds favorite crypto currency go the same way?

Yes. Finite, limited supply is the whole point. And since it's divisible, there's no problem of accurately dividing & storing the minuscule part, like you'd have with physical stuff.
 

Cnotey

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Ok, I don't think I've posted here in over a year, but it's basically a trained habit for me to check this site every day. I'm no expert like BOB, but since I've left IM and BHW I've gone on to write quantitative algorithmic trading robots. That said, take my advice for what you will.

BTC and ETH are moving towards institutional trading clients. Meaning the big money is starting to notice it. IF it continues to go towards this realm, two things will happen:

1. Quantitative analysts will begin making crypto trades.
2. Fundamental analysts will begin making crypto trades.

Assuming we are at this point (and it looks like it is) my knowledge base lies in the quantitative side of things.

Looking at the quant charts, it looks like BTC has hit a resistance point at around $11.5k. It tested there resistance twice before having a failed rally to drop towards the support price of ~$7-8k.

If BTC starts to act like a typical security currency (depending on whether the SEC or CFTC claims ownership) it will hit the end of the wedge and test $7.5k support. If it drops below, it will drop to the previous support of either $6k or $3.5k.

If it tests support and bounces, it will again test $12k, and if it breaks through will continue on to test $18k again.

CNvVLuP.png
[/IMG]
CNvVLuP.png
 

JoeyHustler

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Ok, I don't think I've posted here in over a year, but it's basically a trained habit for me to check this site every day. I'm no expert like BOB, but since I've left IM and BHW I've gone on to write quantitative algorithmic trading robots. That said, take my advice for what you will.

BTC and ETH are moving towards institutional trading clients. Meaning the big money is starting to notice it. IF it continues to go towards this realm, two things will happen:

1. Quantitative analysts will begin making crypto trades.
2. Fundamental analysts will begin making crypto trades.

Assuming we are at this point (and it looks like it is) my knowledge base lies in the quantitative side of things.

Looking at the quant charts, it looks like BTC has hit a resistance point at around $11.5k. It tested there resistance twice before having a failed rally to drop towards the support price of ~$7-8k.

If BTC starts to act like a typical security currency (depending on whether the SEC or CFTC claims ownership) it will hit the end of the wedge and test $7.5k support. If it drops below, it will drop to the previous support of either $6k or $3.5k.

If it tests support and bounces, it will again test $12k, and if it breaks through will continue on to test $18k again.

CNvVLuP.png
[/IMG]
CNvVLuP.png
Wow, you write trading bots? That's awesome.. Crypto bots im guessing?
 

Cnotey

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Wow, you write trading bots? That's awesome.. Crypto bots im guessing?

No, at the moment I am staying away from crtypo because of the risks involved. Quantitatively it's too unpredictable at the moment until the institutional clients start controlling the volatility more. I mostly trade options, futures and securities.
 

Asif A Khan LONDON

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Ok, I don't think I've posted here in over a year, but it's basically a trained habit for me to check this site every day. I'm no expert like BOB, but since I've left IM and BHW I've gone on to write quantitative algorithmic trading robots. That said, take my advice for what you will.

BTC and ETH are moving towards institutional trading clients. Meaning the big money is starting to notice it. IF it continues to go towards this realm, two things will happen:

1. Quantitative analysts will begin making crypto trades.
2. Fundamental analysts will begin making crypto trades.

Assuming we are at this point (and it looks like it is) my knowledge base lies in the quantitative side of things.

Looking at the quant charts, it looks like BTC has hit a resistance point at around $11.5k. It tested there resistance twice before having a failed rally to drop towards the support price of ~$7-8k.

If BTC starts to act like a typical security currency (depending on whether the SEC or CFTC claims ownership) it will hit the end of the wedge and test $7.5k support. If it drops below, it will drop to the previous support of either $6k or $3.5k.

If it tests support and bounces, it will again test $12k, and if it breaks through will continue on to test $18k again.

CNvVLuP.png
[/IMG]
CNvVLuP.png


Similar to what this report suggested https://www.thestreet.com/story/14523998/1/heres-how-bitcoin-could-fall-below-6-000.html


h3ypwWa.png
 

Cnotey

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I agree with most of what the article said. That article is more fundamental than quantitative though. I don't subscribe to the theory that seasons affect prices of securities. Also, I'm not sure how they calculate the break even cost of mining bitcoin, but that would make sense. Sentiment is playing a big factor in crypto right now because so many individual investors are focused on it. Pay attention for some positive news articles (good regulations for crypto, new technology, etc) and watch for bullish trend towards the next resistance. If you see negative news about tighter regulations, look at the closest support.
 

JoeyHustler

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Bitconnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnect
 

Faith

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I'm. fundamentalist kind of guy and will buy BTC starting when it hits $1000. That's my valuation of BTC. As for others who are traders, I'm sure trading signals would help.
 

leowill007

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BTC will come back - just like Nasdaq came back from its 1999 highs.

The only question is if BTC is the Amazon of the lot or Yahoo.
you are so smart to compare BTC to amz or any company, wake up dude. Its not bring any true value, jobs.... into this stupid world.
 

subster

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Usually Media FUD - wait for G20 and see it rise again.
 

Unreliable Witness

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BTC and ETH are moving towards institutional trading clients. Meaning the big money is starting to notice it. IF it continues to go towards this realm, two things will happen:

1. Quantitative analysts will begin making crypto trades.
2. Fundamental analysts will begin making crypto trades.

There are no fundamentals to analyse. All investment is risk taking but usually with shares and commodities there is some underlying reason why the price might move (usually supply and demand related). To analyse fundamentals, there has to be fundamental reasons why the price moves.

BTC moves based on the sentiment of hundreds of thousands of small investors to get rich, and the sentiment of large holders to sell when the price has been inflated.

Quants probably can trade on sentiment, but it won't be BTC that is traded. It needs to be a different crypto currency that has addressed the flaws, but also has sufficient volume in trading so as reduce volatility.
 

Cnotey

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There are no fundamentals to analyse. All investment is risk taking but usually with shares and commodities there is some underlying reason why the price might move (usually supply and demand related). To analyse fundamentals, there has to be fundamental reasons why the price moves.

BTC moves based on the sentiment of hundreds of thousands of small investors to get rich, and the sentiment of large holders to sell when the price has been inflated.

Quants probably can trade on sentiment, but it won't be BTC that is traded. It needs to be a different crypto currency that has addressed the flaws, but also has sufficient volume in trading so as reduce volatility.

I'm a little unclear on your post. Quants don't trade on sentiment. We trade on quantitative analysis. And there are fundamentals to look at for BTC. Cost to mine, difficulty of mining, etc. True it's not your typical fundamentals like profit/loss and debt ratios but there is still something there. And your second sentence is exactly what I am saying. When the institutional clients start to invest more, sentiment will matter less.
 
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