It had to be: The INSANE ULTRA LONGTERM BTC chart !!!!This is half fun, half serious. For all of you that plan to live 100+ years like myself (watch Aubrey de Greys theories on life extension and longevity!), this chart is a serious thing to consider, when planning your future home on Mars. Those tickets with SpaceX's spaceship won't be cheap!!!
Also, those life extenstion therapies also won't be cheap. So we carefully have to plan this stuff, hehe. Fortunately, BTC kinda tells us, where this might be going (still half serious).
If we'd extrapolate the current behaviour into the very far future, and look at other Type 1 technologies (in as technologies of an emerging Type 1 civilization such as us, the internet being another example), we can assume that bitcoins growth will take decades until it reaches saturation.
The internet started in 1969 with a network of 4 computers. Yes. 4! It took the internet 7 years to grow to 100 hosts. In 1989, it reached 100k, but still a lot more room to grow. Tim Berners Lee then invented the WWW at CERN. It went public in 1993, reaching 1 million hosts. 2 years later already 10 million.
And now, in 2018 it seems that we finally reach saturation at around 1 billion web hosts.
Here is the chart for internet host growth:
upload.wikimedia.org
So it took the internet almost 50 years from zero to saturation.
If we assume that bitcoin, as a decentralized network, shares many similarities with the internet, it is not crazy to assume that bitcoin will also reach saturation 50 years after its creation, so around 2058.
Thus, translating that to bitcoin price, saturation may lie in the very very far future, at 5-6 million USD, according to the current price trend.
Such longterm charts are of course crazy, because so much can happen between now and the very far future, it is funny and entertaining however nonetheless to speculate about such things.
I for one tend to cash out a few coins around 2050, for my trip to mars. It will be an awesome time there, Elon's also gonna be there, we'll have some insane parties at 1/3 earth gravity.
Don't take this chart too seriously :)
But still, who knows? A lot of crazy stuff happened in the past, from first flight in 1903, to first man on the moon in 1969. That was freaking crazy, wasn't it? So why should this be impossible :)
Network
Network CrawlCheck out this crazy beast!
It is nearly 2am and I wanted to show off my new indicator (pre-release).
This indicator measures whether there is an increased flow of random walks into space above or below the current price.
The random walks constituting the move are coloured according to the direction of flow.
While this indicator does not learn and improve itself such as those in the Intelligent Series, the proof of concept has been designed using a layered approach, where only the relevant walks are visible.
Sorry for the lack of commentary, it is very late at night.
There is still some work left to be done, but this is looking really good!
Hopefully, this indicator, along with full documentation will be published tomorrow.
Ripio Credit Network $RCN, An Ideal After Party Entry Idea!Well it was a nice pump that honestly i didn't catch it up. 109% is amazing number in bear market tho. Really. Despite regretting what happened, let's take a look towards the future forecast and hope that the gains be with us this time on RCN.
I'm shocked that this is the first time that I have research on RCN, because it has many exchanges listing them actually. Name a few: Binance, Bittrex, Upbit, OKEx, Huobi, and few others. I be like, damn, I should read a lot more towards certain project and allocate more time in researching potential project like this one.
Well, let's talk about fundamental. RCN has 1 billion total supply and half of them are on the circulating. Which with only $15 millions marketcap RCN ranked as #279 on coinmarketcap at the current moment. RCN's project topic is on financial matter, which the RCN protocol connects lenders and borrowers all over the world in any currency through RCN tokens.
I have checking on their GitHub and i know they lack on participants here, but then i checked the roadmap. Something is catching my attention: ERC939? What?
Hmm this is interesting, are they trying to leave Ethereum network? Well, it's not a surprise lately. I've read and found lots of tokens moving out from ERC-20 protocol standart because of a certain problem. Which Nowadays, some already successfully developing and swap to their own network, for example TRX and AION.
I think it will be great for them as long as they can keep the project alive, because, you know, it need a lot of hardwork to do so.
Judging from the technical side to get the short term idea of this chart that i see after party, the price action need to chill down a bit along with the RSI. It's quite healthy at the moment. As I spot on 409 sats can be juicy entry based on few candles back. Right now it's @ 470 sats.
The second entry will at range 288 - 254 sats, which I think this unlikely to happen as long as BTC movement above $6200. Well, let's see. The short term target are 602 sats and if we could gain the mass back, we'll be lucky enough to get back to 817 sats at this bear market.
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If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot!
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$LOOM Experiencing a Steady Gains. My Idea on It's Chart:It feels good that Loom already touch my first target, you can check it here:
Right now we have a strong support t 1758 level, it will be good if you guys can scoop at that level. By the way, we need to be careful because loom probably will entering an overbought zone soon. We need to chill down a bit to lowering RSI. chill down can happen in two ways:
1. Price on a stable range but need more days
2. Price down and we need less days.
With this fundamental that loom have that I already explain on my charts before, i think the possibility of number one is bigger than two so i think we will soon moon again.
My closest target is 2210 again as it already touched two times and now will about to re-test again. Let's see if we break then i will re-assess and having to look at my second target @ 2785.
Ideas on $BNT: The Chart is Ready for Growing Up.I ever heard that Bancor was one of the most hyped project on my timeline on twitter. Bancor is a decentralized liquidity network that provides users with a simple, low-cost way to convert tokens directly from their wallets. BNT has 78,045,724 total supply and ranked #85 at the moment.
I can see the chart is trying to make double bottom and most ultimately Bancor has good fundamental it have a good R:R at the moment. I draw the green box for second entry zone if lucky. This trade might gonna take couple of days but it's worth it.
My short term targets are on the white lines and mid term targets you can follow fibonacci level.
If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot!
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www.tradingview.com Rules:
#1 Always obey tradingview.com house rules
#2 Always read the description
#3 Don't spam on the comment section
#4 If you wanted to request my opinions about a coin/token just give 10 likes on my published charts and I will do it the day or two after
#5 My opinions are not financial advice, follow it at your own will and your own risk
#6 Together, let's build a better community on this platform
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LINK Needs to cooldown a bitLINK has pumped because it's rumor to get listed on Bithumb. Chainlink has 1 Billion Total Supply. Smart Contracts to provide the ability to execute tamper-proof digital agreements, which are considered highly secure and highly reliable. In order to maintain a contracts overall reliability, the inputs and outputs which the contract relies on also need to be secure. Chainlinks provide a reliable connection to external data, that is provably secure end-to-end.
My target on LINK cool down divided in three level which provide a safe buy zone among them in case something unpredictable happened. The cool down will be a result of RSI overbought. Looking forward to RSI level back around 50 -20 level.
The most important chart in Bitcoin: Metcalfe's lawSorry, I didn't know how to do it here on tradingview.
My very smart girlfriend Jixuan Wang used the program R to import and plot the real bitcoin price versus the Metcalfe price:
ibb.co
Orange is real price from exchanges, green is Metcalfe price, which can be calculated from the number of the daily transactions squared:
P = C* T².
P=price
C= a constant, chosen such that the fit is good
T = number of daily transactions
If orange above green: BTC IS OVERPRICED
If green above orange: BTC IS UNDERPRICED
We are currently overpriced, same as in 2014/2015. This is one of the main reasons why I believe that this bearmarket will still go on for 1 more year.
Ontology had to confirm the down trend at some timeBut we should not trust it, since it only confirms the down trend. Still it has been a huge opportunity in this low markets. Actually, these are the chances one can take in a bearish cycle. Especially the ones who don't like the shorting gamble. But markets shall continue to fall, therefor I see Ontology coming down again, too. But strong support is close by and I wouldn't be surprised if we see another strong move up sometime soon, even if it is only to confirm its down trend for another time.
It's time for Ontology to see some sunshineI seem to be still on track with my previous trend analysis on Ontology. Regardless of the recent market recovery, ONT was in an ongoing decline towards a major support line. I am very confident for Ontology to crack this down trend and manage to follow the general market sentiment. Not a bull market yet, but we are enjoying a little taste of it. Just a little.
I see an upwards trend forming, how about you?This summers hot little newcomer LOOM popped up in the top 100 out of nowhere. At least I haven't seen it coming so fast. After a contemporary decline, I see yet another uptrend forming. So I will keep my eye on this one for August. Looks to me like we will see it testing resistance at 0.00003816 for a third time. But whatever, still an interesting project.
Ontology might confirm its down trend for a third timeOntology took a hard hit lately, which comes as no surprise considering the overall market conditions. But while its price action is on a steady decline, we can see a downwards trend with two clear confirmation points forming. I was wondering if we might see a third confirmation point within the next up-cycle. The price sits at 0.0005 as of writing, and in case the price would follow its trend, it might rise up to 0.0007 pretty quickly. Ontology is one of my favourites in 2018 and regardless of its current price action and I am pretty bullish on this network. Let me know what you think.
Consistent, Cyclical Winner & A Fun "Show Me" Story (PT: $12.80)Iridium has reported well the last couple of quarters. The biggest story and "show me" aspect of it is its Constellation Network rollout that will be completed this year. This month, 55/75 satellites will now have been launched and in orbit with help from SpaceX (an amazing partner with a healthy record). There's little reason to believe they won't meet their goals this year, as guidance has remained the same.
This stability has allowed IRDM to step up slowly, but surely into different cyclical levels, where some modest gains can be made. Last year, when a 20/75 satellites were launched, IRDM was sitting between $10 and $11, only to shoot up into the $11 to $12 range as more satellites and guidance were maintained and stable. This trend has continued this year with an easy ceiling of $12.80 to hit. Anything around $11.25 was a good buy and has come up 5 times. No doubt it will continue after this most recent one. The stock has stayed above its 200 MA with little problems. Look for another opportunity in the near future, with a potential to sell again in June/July.
the Decred Digesttwitter.com
Lightning Networ
Politeia: Decred Proposals in a Timestamped Filesystem
Enhanced Privacy
Hardware Wallet
Mobile Wallet
Atomic Swap DEX
Payment integrations
ASICs
The Decred DAO
Status Networt Token (SNT) - (Up to 950%+ Earnings Potential)About the title: Some people ask about the % I put there; this is a "potential", and it will be reached eventually, it is just that it takes a long time.
SNT, after falling for months, found support around the 300 satoshis level.
Now, with Bitcoin on the lookout stalking our every moves, keep in mind that this and any other trade can get easily invalidated by a Bitcoin Bull Run, but who cares right?
If that happens, we can think, relax and ADAPT. Change is good. CHANGE IS NORMAL. We are always changing, since the day we are born, to the day we stop being here.
Buy-in: 345 - 550
Stop loss: 279
Targets:
(*) 400 (You can skip this one)
(1) 610
(2) 730
(3) 990
(4) 1247
Please use a range to sell, 5-10% above and below these target lines.
The rest will be added later.
Indicators:
- Small breakout, sign that the coin is looking for action.
- MACD almost crossing over, plenty of room for growth, and the point right before the action starts.
- STOCH hovering on the floor, and suddenly waking up.
- RSI is in the bearish side, but he knows how to come around.
- EMA30 also gives a bull signal, as well as the count on our candles.
This morning, the sun was out very early, so I went out to show my respect.
I felt this beautiful energy, telling me that everything, will be ok.
So I took on his words, and stay for a longer bit.
Then came back to my computer, to share with you what I see.
And what I see is this...
Doesn't matter what happens tomorrow.
It doesn't matter, because we don't care.
Doesn't matter what happened in the past.
Is the present moment, for what we really have to care.
So don't worry about what happened in the past, if you did good or did bad.
And don't' worry about the future, because everything that you want will come to pass.
So before I click "publish" and share with you this trade,
let me remind you something, YOU DESERVE THE BEST!
Namaste.
DASH in parabolaThis is a big call. The median parabolic curve is a big draw for critical price path and discovery, furthermore the upper and lower both having a few testings. The more testing and we see the better.
Any breaks to the lower line bull run over.
But so far we have precise indication and obedience. Fear money running to Dash, from BTC. Just check both charts, clear syncing with the recent hack. Institutional money will favor the relatively bare order books, a lot more market cap to come. Network effect in full swing. Dash's huge marketing budget and general the favor for privacy atm all helps.
I called a $1000 Dash by January 2018 back in July, still got a way to go but we are getting there. 2018 should be an important year for crypto and I can see Dash scaling the ranks and outperforming the market.
XEL ABOUT TO BREAK OUT OF ACCUMULATION -- CONFIRM & BUY !$XEL is accumulating around support. After bullish confirmation, good opportunity to buy. Solid project with an active community on github, reddit etc. Keep a close eye on $XELBTC
Counterparty is clearly a buy hereOne of the HUGE HUGE overlooked projects in the midst of the current cryptocurrency boom. I was rather surprised that the price against BTC have been kept that low up till now.
Counterparty relies on the bitcoin network for security, and implemented as a side-chain. It does not actually compete with bitcoin, but in a way it complements each other.
Counterparty provides functionality beyond the reach of Bitcoin. For instance, smart contracts, decentralized apps, crowd funding, domains, digital tokens just like Ethereum did.
Transaction cost
A counterparty transaction is really a transaction on bitcoin's network.
For instance: counterpartychain.io
and on blockchain.info: blockchain.info
At the moment transaction cost on Counterparty is significantly higher than Ethereum given that you are actually writing on the bitcoin network given the congestion.
However, that could be fully solved with the upcoming Lightning network that will be implemented on bitcoin. It is not a question technically.
Such a feature in Counterparty are still currently under development.
Mass adoption
I believe that connecting all blockchains is the final step of mass adoption in cryptocurrencies, and Bitcoin is well positioned to be the center of such a protocol of the future.
Remember the days before the invention of TCP/IP protocol where the 'internet' is only limited to a certain area/geography?
The real power is unleashed when a common protocol is used, that enable connection from many local network and intranets that becomes the global network we are used to today.
Price
In the long run, Counterparty is really the next closest competitor to Ethereum.
With the horizon of 1~5 years, I believe Counterparty could easily 10x~50x its current 40 million USD valuation given the fact that its supply is only a measly 2.4 million.
Technically?
Dont you love that nice bottom at 0.003~0.005 for the past 3 years? :)
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Cite
Why connecting all the Blockchains is the final step for mass adoption of Cryptocurrencies:
bravenewcoin.com