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BTC never under 5k and this is why !!!!BTC ECONOMIC BASIC There are a lot of speculations that bitcoin would go to 3000... well those who tell you that don't have a clue what they are talking about. Bitcoin/altcoins can be compared to stocks/gold/silver etc. Now some of you will be shouting at me that it is not the same but this is just a example. In this case we take a look at gold. To mine gold you need employees, materials and insurance etc. When you add all those things up you will get a price that you have to earn from selling the gold to at least break even with the costs of mining the gold. This is the same as bitcoin mining. It takes a lot of energy to mine 1 bitcoin and the equipment is also pricey. The average costs to mine 1 bitcoin is 4700 - 4800 dollar. If bitcoin would drop below this price a lot of miners would shut their systems down. Only the big companies would be able to mine with a small profit. We think whales/major investors would never let this happen. If you see the price dropping beneath this price range... sell every single crypto you have because we are going to shut down! This is just some basic economics. If it the costs to mine something are higher than the sold product... why should you do it?
Long
by nadjib
1
Bitcoin S-curve with Mining History + Qualitative Hasing RateSome assumptions first: Bitcoin follows an S-curve typical of many growing technologies (and sometimes even stocks/indices): Adoption chart The exact gradients / inflexion points of the S-curve shown here is illustrative, as we cannot know its future development. The hashing rate shown here (brown line) is completely illustrative and represents only the changing trend (which has been increasing or constant since 2010). S-curves (which appear as exponential curves in linear charts) indicate a viral exchange of information which is typical of technology adoption and hype (this is where stocks/indices come in etc) In the case of Bitcoin, although the rate of production is supposed to be constant (hence difficulty adjustment) and therefore cannot affect the price, there is a clear relationship between price development and the development of network hashing rate. The hashing rate develops with the evolution of the mining sector from 2010 hobbyist to 2018 industrialist. The next big boom in Bitcoin will take place in conjunction with the next revolution in mining. There are some 4 million Bitcoins still left to mine. The next halving (block reward reduction to 6.25 BTC/block) is probable in summer 2020. But the halving is not necessary in order to start a new growth phase . In fact the previous two halvings occurred half-way through the growth cycle. Some reading: Controlled Supply Evolution of Bitcoin Hardware Bitcoin hashing rate Bitcoin mining price 2015 Bloomberg mining price 2018
BNC:BLXEducation
by RealMcafee
86
GOLD clear risk/reward setting up LONGHi guys, I'm Rob from Macro Insights. Today I have a piece on Gold outlining why from a probabilistic outcome Gold is a fantastic opportunity on the long side. I believe you have to look at each asset and analyze 1) the macro top-down picture, 2) a fundamental bottom-up analysis of the asset, 3) what is the positioning/sentiments & 4) you gatekeeping, technical analysis. I would love to hear your perspective in the comments below relating to Gold, please do your own research this is an asset we have spent a lot of time following and analyzing and we understand our risk to reward parameters for the trade. Have a great weekend everyone!
AMEX:NGDLong
by UnknownUnicorn266486
NVDA NVIDIA is clearly the next big stock! Move to $279? Hi Guys, NVIDIA has seen a huge rally in the past few weeks and I think there is more gas in the tank to grow even further! Nvidia just reported they made $289 million in graphic card sales to crypto mining, which is great news for not just NVIDIA but for the crypto world as a whole. This clearly shows there is clear support, belief and demand for graphic cards to mine BTC & other coins. In this day and age of IOTs there is a much larger need for big data analysis, machine learning & Artificial intelligence. As AI is the future, Nvidia is the backbone for all the AI processes. I look at Nvidia as the next big stock as its graphics cards will be a touch point with any and every application we build moving forward. To take it a step further, there are blockchain projects like Golem Network that are moving forward with connecting requesters with a network of individual PCs & GPUs to create a super computer that can help with graphics rendering and other machine learning and AI requests. The future is clearly bright for technology as a whole and NVIDIA & Golem sit in the heart of it! Hope that helps and check out my videos on other interesting coins :) www.youtube.com
NASDAQ:NVDALong
by arjanp100
Griffin Mining Builds MomentumGriffin Mining recently broke through the previous all-time high. It struggled at first as the buyers were trying to gain some ground and as they found their footing, the momentum to the upside kicked in and we may be seeing the beginning of an impulse uptrend. The Daily chart (not shown) is using the 50 simple moving average as support as it makes higher highs. When price hesitated at the previous all-time high some traders may have doubted whether price would continue higher but simply looking at the 50 sma would help to identify it as a support area which would assist price to advance higher. Using simple tools such as moving averages in the correct way will put you in a prime position to take advantage of opportunities in the markets and help to understand market structure. If the first breakout was missed then we just have to be patient for the next opportunity and we must not chase trades. If price pulls back and breaks out again we will have another opportunity to enter. We may also see a a pullback opportunity if price moves down to a support area so either entries would be appropriate depending on your trading style. Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments! Sublime Trading
GLong
by Sublime_Trading
$GRDO Tweets Update on Its Fundraiser for its Cloud Mining SiteGuard Dog tweeted over the 4 day weekend that updates would be coming this week. The company has been hard at work getting the Bitcoin hard storage store up as well as a crowd funding campaign for its Crypto mining business. The techs show a steady sideways trend that should break to the upside as Bitcoin continues its rally past 15K within the next month. Below is the tweet by the company: Progress made this week. Updates next week. 8:36 PM - 16 Feb 2018
GLong
by StockGuild
Primecoin: But Wait... There's More! This is a risky one, dream big, play small, but it's an interesting concept. I guess I see opportunity where others see a dead horse. Supply is 21 million, the RSI doesn't match up neatly but every time it drops into oversold, especially in a cluster of 3, price eventually has a nice pop. Just be Patient. Looking at February or even next summer for a target. Again, super risky, rather illiquid, but if you like the fundamentals, it's not a bad time to nibble. If you never take risk, you will certainly never take profits.
XLong
by Piptocurrency
Why is there no direction in the price of the Bitcoin?Acutally, so many outside influences make it difficult to predict which way the price of Bitcoin will go. Bulls and bears keep the price well in a balance and it remains inside a narrow bandwidth with very low volumes. Let us try to see the whole picture. I list here the main fundamentals and present a chart, which shows the partly interfering trends and signals. What are the fundamentals? • News from South Korea about banning cryptocurrency trading in the future. • News from China about banning cryptocurrency mining and verification. • Right now, China hosts 80% of the computer capacity for the Bitcoin blockchain. Will operation of the Bitcoin come to a temporarily halt? Will investors lose Bitcoins? What about the mining contracts? How long will it take to replace this huge computer capacity? • News from USA that they will sell seized Bitcoins worth over 300 million US-Dollars. • News from Bulgaria that they will sell seized Bitcoins worth 3.5 billion US-Dollars. • Because of the newly implemented high transaction fees, will Bitcoin survive as a payment coin? What can we read in the chart? • There is a red dashed line at 14129. Below that line, the scenario is bearish and above that line, the scenario is bullish. • There is a triangle, drawn in dark-blue color. Bitcoin is actually at point 4. From there, it should continue in direction of point 5 and there, it should outbreak on the upper side of the triangle. • However, we see that the price moves in direction of point 4 again instead of point 5. Will there be a downside breakout today? In the last few weeks, we experienced already enough downside breakouts. • Since January 7, 2018, the value of the Bitcoin moves down inside a channel with blue dotted borderlines. • On the same time, it is also within a sideward channel build by the red dashed line and the yellow dashed line. It is not very likely that we will see a decisive move in either direction. I expect over the weekend low volumes and the price oscillating inside the square that is built by the blue downward channel and the sideward channel between the red and the yellow line. However, we have to be prepared for a downward outbreak, which would result in a free fall down to the level of 5568. This could happen if some traders would start selling in panic in a market with low volumes. In this case, use the opportunity for buying cheap Bitcoins. What is the best strategy in such a quiet and boring market? Two subjects are becoming important in such a quiet market: • Market Corrections • Portfolio Erosion Goldbug1 has written a great article about both subjects. I recommend reading it. Personally, I learned important things about how to trade such a difficult market. It is really worth reading about his strategies. Please click on the chart below for reading it. I wish you good luck, happy trading and a great weekend. Luckyhelper
COINBASE:BTCUSD
by luckyhelper
Chinese rumors confirmed.A new, bigger bullish triangle pattern developed over the last few weeks. We can expect an outbreak on the upper side end of this week or beginning of next week. Until then, only small price moves within the triangle pattern will happen. An outbreak on the upper side will open new targets at 22500 and 24000. However, we shall not forget that the US-government and the Bulgarian government own seized Bitcoins worth more than 3 billion US-Dollars and they want to sell them. We have to expect many major setbacks of the price of the Bitcoin at any time and this will make trading the Bitcoin much more volatile and risky in the future. Alternative scenario: We shall not forget that minor triangle patterns did not behave as expected during the last few weeks. As I already mentioned in my analysis from January 10, 2018, we cannot expect that chart signals will always work the traditional way for the months to come. I could confirm the Chinese rumors on Bitcoin. The Chinese government is now having its eyes on local bitcoin miners present in the country. A huge number of miners has set their operations at some places in China, where electricity is available at low cost. With the Chinese government getting involved in control over these activities, it could possibly have a massive impact on the price of Bitcoin. According to some Twitter messages, the Chinese government is planning for an “orderly exit” for Bitcoin mining operations because the miners have consumed “huge amounts of resources.” - www.coinspeaker.com We expect official news about this matter today. Depending on the conditions of this "orderly exit", the price of the Bitcoin could fall into nowhere. If Bitcoin mining becomes much more expensive, it could also have the opposite effect and skyrocket the price of the Bitcoin. I stay on the sideline, ready to act on the news.
COINBASE:BTCUSD
by luckyhelper
2
Bad Stock, Poor Market Conditions, but otherwise a great companyNewmont Mining, “Newmont”, is one of the world’s largest gold mining company by Market Capitalization with operations in the United States, Australia, Peru, Ghana and Suriname. On average, over the past 7 years, the company has contributed to 3.58% of the world’s supply of gold (based on World Gold Council figures). Compared to its strongest competition, Barrick Gold, its operational mines are located in politically stable geographical zones. In an industry where government intervention and scrutinity is part and parcel of normal business, an investor would most certaintly benefit from companies that has less exposure to such erratic regulations. Newmont's share price is highly correlated to gold price, which should be of no surprise as its bulk of profit is derived from gold mining. Gold, for a good part of modern history, has served as a hedge against inflation and would probably continue to do so. It has also become an asset investors flock to in times of uncertainty. While it is great that we are getting news almost every day about indices making new highs, investors should not be complacent and assume this would continue forever. Firstly, the Chinese financial industry is undergoing a deleveraging process. In an article by CNBC, according to the Institute of International Finance in June 2016, China’s debt-to-GDP ratio stands at 327 percent. If we recall, just about a decade ago, overleveraging was the cause of the great recession, causing the economy to plunge into freefall. Gold prices rallied from the low of US$781 per ounce at the start of the crisis in September 2007 to an all-time high of US$1878 in August 2011. To put it simply, no one had a clue about where we would move on from there, and their best bet in times of uncertainty would always trace back to Gold. As you are reading, China is still in the midst of their deleveraging process. Money supply growth has slowed tremendously while aggregate financing was RMB 70 billion lower than estimated, at RMB 1.04 trillion, according to a report by Bloomberg. With lesser money going around the economy, interest rates are set to rise. The Chinese 10-Year Bond Yield stands at 3.96% as of this writing, up from 2.66% about a year ago. As the interest rates rise, companies would find it increasingly difficult to meet their debt obligations as refinancing becomes more expensive while they are still drowned in excess capacity. Due to the significant amount of bureaucratic red tape around Chinese statistics, investors’ sentiment is should be best reflected in the market. The Shanghai Stock Exchange Composite Index (SHCOMP) is at 3,276, down about 5% from this year’s high of 3,447. While we have yet to see any event that could trigger a market-wide correction, it would not be right to assume a black swan event is not brewing somewhere. To continue reading the full report, please visit houtiantan.com
NYSE:NEMLong
by HouTianTan