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History of Bitcoin - Is it only the Beginning?October 2008 - The idea is born! Like most of the revolutions or innovations that we used to hear about through the history, everything is starting from an idea. In October 2008, what started as an idea has become a currency used by black markets and put in portfolios that some investors want to trade like stocks. January 2009 - The right currency, in the right time Many different theories and conspiracies about why Satoshi Nakamoto proposed the currency alternative. One of them most surprising notions is that it was a response to the global financial crisis in 2008. May 2010 - Creating Future A person uses bitcoins to order pizza three months after a marketplace was established for the currency. The pizza cost the buyer 10,000 bitcoins. July 2011 - Safety Concerns The cryptocurrencies are exposed as being just as unprotected as the paper kind when some of the bitcoin wallets were subject to hacking and theft. July 2012 - Risk Management of a Growing Trend The use of the currency grows, trading volumes have been increased but its largely relegated to some dark sides of the internet including black markets that deals with illegal goods and services. July 2013 - The Winklevoss Brothers The Winklevoss twins, Cameron and Tyler, both Olympic rowers nemeses of Mark Zuckerberg – at the time what appears to be one of the single largest portfolios of the digital money. September 2013 - Flipping a Coin on the Price of Bitcoins SecondMarket, that allows investors to buy shares of the most-traded private companies like Twitter, gaining investments for a fund that will hold only bitcoins. October 2013 - Silk Road Shut Down Ross Ulbricht, 29 years old who believed to be behind Silk Road marketplace, has been arrested by F.B.I on narcotics and money-laundering charges. November 2013 - The Regulators starts to see the value; Investors Hasten to Agree On November 18, The federal officials estimate at a Senate hearing that such cryptocurrency networks offer real benefits for the whole financial system even if they support new ways for money laundering and illegal activity. Year: 2014 - Adoption of payments giant PayPal and Technology goliath Microsoft The biggest story of bitcoin in 2013 was its meteors rise in price, which saw it hit a peak of over $1,100 in November. However, during 2014 it has represent a drop of more than 50% according to CoinDesk Price Index. Year: 2015 - From Worst to First: Bitcoin price ends on Top According to CNBC and Bloomberg, Bitcoin was the best-performing currency of the year. Gaining a net of almost 40% gains. Year 2016 - Bitcoin breaks new record Those who saw it coming please raise your hand: Bitcoin not only bounced back from its 2015 doldrums but went on a trend that saw it going almost 120% from the beginning of the year. Year 2017 - The New Era Of Bitcoin Begins Bitcoin prices brake a new record of reaching over $3,200 a new digital currency forced to split the block chain in two – Bitcoin Cash has been created. The bitcoin community has been divided on how to solve its scaling issue. Bitcoin miners attempted to solve the scaling debate earlier this month by signaling support for SegWit2X. And because Bitcoin Cash will have all the history from the old blockchain, any investors with bitcoin tokens will receive the same number of tokens on the new blockchain. The question still remains, if bitcoin will change the new monitory system and replace the central banks or does the bubble is about to burst? Those who have been sitting and waiting all those years surely became frustrated of losing an opportunity of making their fortune. “To know nothing of what happened before you were born, is to forever remain a child.”
BITFINEX:BTCUSDEducation
by ReadBTC
When does winter end for BTC?Just me comparing the last bear market to this one. The blue arrow is where we would hit our lowest price level if this was 2015. $3500 level if we went as low as the last bear market did on the same time frame. It fell from roughly $1150 to $150 between 11/5/13 and 1/14/15. So I put the bottom of the arc at $3500 which would be about the same percentage price reversal before recovering with a date of 1/25/19. (Let me know if my math is off I think that is correct.) You can clearly see that the price falling below $200 got rejected very strongly. So if we put in a very obvious low price before the last bear markets low that would be a great indicator in my mind that things are turning around much faster, I would expect the next bull market to be more rapid to a new blow off top. Just for educational purposes, I am not an expert, this is a hobby for me. Leave me some comments let me know what you think!
BITSTAMP:BTCUSD
by logicalien
3
19,500 by End Aug/ Early Sept? ONLY IF...Even if my chart yesterday shows possible recovery by January 2019: Current movement shows it may even follow my much earlier chart which indicated possible recovery as early as end of this August or early September. Here is my OLD chart from June indicating possible recovery by end-Aug or early Sept: This is DESPITE the current bearish sentiment after yesterday's crash. Here is my NEW chart again (same as the main chart on this post), showing possible recovery by end-Aug or early Sept, matching my June chart: Again, this is ONLY IF we've already seen bottom... hmmm
BITFINEX:BTCUSDLong
by junkofdavid2
ONLY IF we saw bottom, 19.5K recovery by mid JanAssuming we've seen bottom and have resumed uptrend, and we're following similar pattern as 2014, we'll probably see all time high recovery by mid Jan; if history repeats itself this way. Includes corrections at 10K and 12K. Assuming similar 20X parabolic rocket happens after all-time-high recovery, this could be in 5 months instead of 1 year (because of new shorter time frame); and we could see a 300K bitcoin by this time next year (June-July-Aug 2019)
BITFINEX:BTCUSD
by junkofdavid2
1
August 2018: ONLY IF history repeats itself in this way...UPDATE based on last post: Using the 2013 to 2015 time-frame extrapolated into this wave's similar but shorter span, we should re-touch the previous all-time-high (approximately 19,500) by end of August or early September 2018. (Again, this is ONLY if history repeats itself) Recall from my last post: We keep seeing mirror images of the 2014 bear market playing out now. But what if (just if) it has indeed played out, but a bit differently from the common mirror images we've seen? As in this? *I know it's a long shot, but never know! (Isn't all TA long shot?) *As you can see from my recent days' posts, I have both bull and bear scenarios, this is just a bullish possibility... (so in a way "yes," TA doesn't predict) *ONLY IF this is true... that would explain the chop-chop limbo we're in right now. You'll notice that the 2014 reversal wasn't "dramatic" or quick or powerful... but a very gradual chop-chop till it reversed.
BITFINEX:BTCUSDLong
by junkofdavid2
2
2014 Repeat is Already DONE in Shorter Span? THIS...We keep seeing mirror images of the 2014 bear market playing out now. But what if (just if) it has indeed played out, but a bit differently from the common mirror images we've seen? As in this? *I know it's a long shot, but never know! (Isn't all TA long shot?) *As you can see from my recent days' posts, I have both bull and bear scenarios, this is just a bullish possibility... (so in a way "yes," TA doesn't predict) *ONLY IF this is true... that would explain the chop-chop limbo we're in right now. You'll notice that the 2014 reversal wasn't "dramatic" or quick or powerful... but a very gradual chop-chop till it reversed.
BITFINEX:BTCUSDLong
by junkofdavid2
2
History Does NOT Repeat Itself?Yesterday I showed similar patterns which may suggest that history might repeat itself. Today I show how it might not be true either, with super similar patterns which ended up in opposite direction. So you may apply this for both past bullish patterns and past bearish patterns. If you're bullish, you may use this to say that the similarity to 2014's chart doesn't mean we'll have a repeat of that. If you're bearish, you may use this to say that my chart yesterday won't result in a reversal at 5,400. In any case, it's interesting!
BITFINEX:BTCUSD
by junkofdavid2
Update: History TO REPEAT in a BIGGER Way?Similar to past pattern... you decide. (Update from yesterday) To be clear, I'm quite confident in the move to point 6 or near point 6, not the reversal at point 6 (which may or may not happen). *But if it does reverse, it will happen *near but before or slightly after* point 6, not at 6 itself. Why? People will freak out scared if it touches exactly point 6 again so it would go lower for sure (then either plunge further and worsen the bear market, or reverse). Or, if sentiment turns bullish, they'd buy right before it touches point 6 and the reversal would happen there.
BITFINEX:BTCUSDShort
by junkofdavid2
BTC TA COMPLETEHello goys, here is something I wanted to tell all of you about for a long time now. It's a complete, zoomed out technical analysis of this whole crash and the things and events before it. First of all, all these drops and wedges can be called somehow, not all persons however posses such great abilities at naming them all, remember, this is zoomed out, if the events surrounding me allow me to deliver more of my highly valuable time into sharing my hard-gained knowledge with you I will definitely use a chart that is more zoomed in. Okay, let's look at the beginning, here we can see Additivum grossum fundamentalum, not a smart batch of cash like plebs would say, be professional. That led us straight into something which those who have been granted the knowledge call Dolnisius's transition, there is 2 of them right there, one is polaroid, the other one is apananonvertical. Lots of people have been eliminated or terminated by these two unforgiving transitions of Dolnisius. Those two transitions aren't just there for eliminating the weak from the game, you need to remember that, these two transitions of Dolnisius have actually caused a massive transnanoatomical macrohonimindivium transition, this event has created something not a single one of us can calculate nor visualize, but it's there and it has been of great honor to see something as huge as this unfold in front of my eyes. Dolnisius according to the legends has calculated and visualized exactly when and how these transtitions occur, what is their depth, what are the exact events that occur before them and how to help triggering them, he was a real genius and the works which have been found after his tragic death will be forwarded to generations of young scholars and will forever lay deep in our minds. Now back to the grand event those two transitions caused, it proceeded to create a really complicated part of this technical analysis, yes it's the Hemophagus's grundild triangle, this one is apantransvertical, a really rare one. This kind is surrounded by many legends and prophecies, apparently first mentioned in the old scripts from the famous Alexandrian library, however, those scripts were never found nor has there been found any proof of their existence, only legends and tales of the folk have survived. Now we're getting into the part where one of Gartley's quotients has been doing its thing, this one is pretty common, it's opuloid, we can see that it dragged us down right into the lowest levels of eternal doom, this was the day of many and many more pink wojacks, Gartley's quotients are not a kind thing and cause a lot of hassle especially to the weak and deluded, you need to stay strong during those. It's because they set the ground floor, you need to be ready for some huge pump after one of these occurs. Gartley was a young man who was able to calculate cryptographic equations, functional functions of addition or disintegration, logarithmic functions and nanographics in a matter of seconds only by his using his great mind. He sadly died in horrible pains after finishing his last stages working on the quotients. Discovering, calculating and visualizing the quotients was a great discovery not one of us will ever forget. We're getting at the end of this TA and we're ending positively, Spitzerlung's additions are really profitable, especially when they are of this scale. Spitzerlung's mother said that her son has never left his room, all he has been doing since his birth was calculating equations, watching anime and reading science books. He was a real genius, one wonders how many more things he could've provided for the human race if he didn't create a virtual world full of anime girls, we all truly hope he is fine. CONCLUSION: MOON IMMINENT Now you have seen a little bit from the vast knowledge the chosen ones posses, you have also learned a bit about the history of some of the greatest people. I hope you take something from this and will stay tuned for more TAs.
COINBASE:BTCUSDLong
by jz2911
An idiot's guide to trading Bitcoin - Case study from 2017It's always easier to look back and see what should have been obvious at the time. This is a short case study of how one COULD have traded Bitcoin successfully from it's last epic run of 2017. This should be a precursor to what happens in 2018 and going forward. It isn't a 'method', but is an observation and an opinion that will guide my own trading going forward. A year in Bitcoin is like a decade in almost any other stock. This presents numerous insights. We see that from late 2016 onward we had a series of higher highs / higher lows. If one simply applies a basic 14 period RSI oscillator to the chart and looks at price action, they would see that as long as Bitcoin was making higher highs and higher lows WITHOUT any significant divergence it would have been foolish to take profits / time the market / etc. The price retracements from where the RSI gets into overbought (sometimes significantly) territory simply weren't that large. Taking profits would certainly have led to feelings of accomplishment and $$$ but one would have missed out on even greater subsequent moves. It simply made more sense to be in the market, rebuying at times like July and September when BTC/USD dipped into oversold territory (while still making higher lows - although July is arguable). Note that there really isn't any divergence of mention between price and the oscillator during this time. It isn't until we get to December that we start to see some extreme bearish divergence. Price careens upwards and pauses on 12-17. The oscillator makes a markedly lower low. While in hindsight it was probably impossible to time profit taking unless you were glued to your screen / phone, this was the first real time in the year long bull run to considering pausing and selling. The sharp move downwards over the next few days wipes away nearly half of the coin's value. Ouch! Lessons: Don't bother paying attention to oscillators in trending markets unless they are showing signs of divergence. Selling / timing the market will in all likelihood lead to regret / FOMO / emotional trading decisions. If there are signs of divergence after an especially massive run, take profits immediately. Waiting could lead to massive hemorrhaging of profits. As long as the crypto is making higher highs / higher lows feel free to rebuy in wherever it feels right to do so, especially when it gets into oversold territory. Let's see what the rest of 2018 brings. I'll be sitting around enjoying life until there is some clear indicator of where the market is headed. Note: this same analysis could apply to a number of other coins. I haven't checked.
BITSTAMP:BTCUSDEducation
by timj
2