- Mar 8, 2009
- 3,244
- 12,754
Your always unbiased so I can't understand why anyone is taking this news wrong.I had hoped this thread would be more entertaining and @BOB JAMES the Crypto Investment Expert might weigh in with his opinions!
BTC Warning
- Thread starter Wilson Grant Fisk
- Start date
b1step-ahead
Elite Member
- Nov 15, 2010
- 1,731
- 1,035
He's building up for the Grand Finale.
- May 2, 2010
- 9,939
- 16,038
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
Elite Member
- Jan 27, 2009
- 2,964
- 14,717
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.
MayhemMarketing007
Regular Member
- Jun 9, 2016
- 492
- 121
Dude...there's FUD every other week just like this. Nothing new here....move along.
Cnotey
Power Member
- Jun 25, 2010
- 730
- 984
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.
[/IMG]
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.
JoeyHustler
Regular Member
- Sep 27, 2016
- 389
- 132
Wow, you write trading bots? That's awesome.. Crypto bots im guessing?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.
[/IMG]
Cnotey
Power Member
- Jun 25, 2010
- 730
- 984
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.
Wilson Grant Fisk
Elite Member
- Nov 10, 2012
- 15,677
- 46,846
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.
[/IMG]
Similar to what this report suggested https://www.thestreet.com/story/14523998/1/heres-how-bitcoin-could-fall-below-6-000.html
Cnotey
Power Member
- Jun 25, 2010
- 730
- 984
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
Regular Member
- Sep 27, 2016
- 389
- 132
Bitconnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnect
Robin Sharma
Junior Member
- May 8, 2017
- 110
- 71
I think bitcoin will fall and go below 3k and that will be the best time to buy.
I think ...
I think ...
leowill007
BANNED
- Aug 10, 2016
- 181
- 23
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.
They aren't biting because they have nothing to back themselves up with. They only bite when it's going up. The silence in the crypto forum is deafening.
- Jun 20, 2013
- 11,503
- 8,911
Its just a part of game.
Unreliable Witness
Senior Member
- Apr 21, 2016
- 837
- 627
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.
Vodaa Citaa
Power Member
- Sep 22, 2017
- 672
- 324
Except for the fact that it has made many millionaires?
Cnotey
Power Member
- Jun 25, 2010
- 730
- 984
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.