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Messages - werneo

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46
General Discussion / Re: Ethereum price discussion
« on: March 13, 2016, 07:26:30 pm »


The top of the channel is currently around 0.036. It is possible we might see a surge to 0.036, but at this point the risk of staying in ETH outweighs reward. Yes, ETH will continue to appreciate in the future,  but for the near term I'm expecting a price correction, possibly as low as ~ 0.0235, before the uptrend resumes. BTW, if it gets down that low,  it will be a spike caused by margin calls, and the price will probably recover very quickly. (On the flip side, if the price substantially breaches 0.036, it will be a case of irrational exuberance and all the above will be invalidated, at least for the short term.)

Possibly tomorrow. IMHO.

47
General Discussion / Re: Ethereum price discussion
« on: March 13, 2016, 04:27:09 am »
"Ethereum with it's billion dollar market cap and correspondingly large development fund will continue to move ahead with so many tools, they're going to become the Microsoft of virtual machines on blockchains."
- Daniel Larimer

Excellent. Dan said some very important things in that clip. He said the Ethereum virtual machine is "here to stay",  and that Ethereum is set to become the Microsoft of blockchains. Wow. He also said some interesting things about sidechains and the future interoperability of bitshares with other blockchains like bitcoin and Ethereum. Good mumble session. Thanks for posting that.

48
General Discussion / Re: Ethereum price discussion
« on: March 13, 2016, 04:12:42 am »

The price of ETH is at the top of the channel. It's time for a correction.

49
General Discussion / Re: Ethereum price discussion
« on: March 12, 2016, 05:42:31 pm »
ETH on Chinese exchange chbtc.com

https://www.chbtc.com/news/show-1312-proclamation

There are unsubstantiated rumors that OKCoin is next.

50
General Discussion / Re: Ethereum price discussion
« on: March 12, 2016, 04:35:32 am »
The ETH BTS refugees are spiking BTS ETH right now.

ftfy ;)



It was true enough when I said it. But as you see, the situation has changed,   :o

Good call, though.  :D

51
General Discussion / Re: Ethereum price discussion
« on: March 12, 2016, 04:00:41 am »
Bitfinex will start trading ETH on Monday
https://www.bitfinex.com/pages/announcements/?id=93

This will take the wind out of everyone's sales but ETH for a while.

52
General Discussion / Re: Bitshares price discussion
« on: March 11, 2016, 12:02:00 am »


March 10, 2016 was an epic date in history for bts.  Trading volume has never been higher in any 24 period since launch.  I am optimistic the rise is just getting started.

53
General Discussion / Re: Bitshares price discussion
« on: March 10, 2016, 09:18:14 pm »
It hit 2300 satoshis. 900 btc of buy orders on poloniex. Most.Volume.Ever.

Also the one-week chart is about to go positive for the first time since the chart started: https://cryptrader.com/charts/poloniex/bts/btc

All I can say is: wow. 

54
I'm confused ...

so does this mean that Preston was wrong ?


*link*
Or does this mean that Microsoft doesn't understand math?

Can we stop linking that crap?  We only help the jerk face get more views when we link to it.

The more backlinks, the more search engines will elevate preston's article in search results. Best to avoid posting a working link....

55
General Discussion / Re: Bitshares price discussion
« on: March 10, 2016, 02:41:01 am »


Check the 1-year chart on this page: https://cryptrader.com/charts/poloniex/bts/btc (click "1y" link in the lower left of that page.)  In the above chart, each candle represents one day. Since March 1, BTS buyers have outbought sellers for 9 out of the last 10 days. That's a record. Bitshares has never posted such a concentration of daily green candles, going back to January 2015. 

56
 +5% +5% +5%

Thank you, Fox!

57
General Discussion / Re: Bitshares price discussion
« on: March 09, 2016, 06:39:52 pm »
[member=9347]werneo[/member] out of curiosity where do you think we can go to? 3k and then have 1500 as support level?

Sure, I think 3k is a good target, but who knows? I'm no expert. But if it gets above 2500,  I would watch for an emotional spike to the 5000 satoshi range.  That could signal the top of the rally.

I forgot to mention: the 1-day moving average turned positive again yesterday. That could portend a nice run for the Spring.

58
General Discussion / Re: Bitshares price discussion
« on: March 09, 2016, 06:17:47 pm »


Lots of green bars, and the poloniex order book buy side has doubled in the past few days. The year-long chart shows that bts is at the narrow end of an ascending triangle. I'm thinking breakout sometime in the next week or two.

59
General Discussion / Re: Bitshares price discussion
« on: March 09, 2016, 12:54:50 am »
When I was buying Monero in december and january it was doing the same thing BTS is now:  Going up 30% quickly and then retracing almost all of it, but making a slightly higher base and then doing it again.  It had to do it like 4 times before it finally broke up, but it did eventually.

BTS could be in the same place, getting ready to being actually heading higher.   We had a lot of early PTS miners dumps to absorb, but they are mostly out now.  Later on when the price is higher we will be glad those guys sold low. 

I believe things are looking up, but its just the very beginning so it goes slowly still, with heavy retracements.

BTS price is in a narrowing band that is currently defined between ~1335 and 1025 Satoshis.  It's an ascending triangle that doesn't resolve until at least March 15th or even after the 20th. I agree this is probably a good time to accumulate at the lows.


60
General Discussion / Re: Ethereum price discussion
« on: March 07, 2016, 10:36:02 pm »
Werneo might be right I think, potential ETH crash to under .02.



I'm thinking ETH will fall to around 0.015 before the uptrend can resume. If it does drop, the other alts will go down with it, at least for a little while. I'm hoping BTS will rally in the wake of an ETH sell-off.

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