Market is bouncing up after finding a new low at the falling wedge pattern. If the falling wedge is followed by the market, the prices should bounce up to $8k before a new breakout attempt. Otherwise a new low is likely (would be 4th).

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22 COMMENTS

  1. Hey Quinten, we hebben elkaar ontmoet op de Bitcoinference! Love uw videos! Toevallig zin om een gesigneerde trui van SUB mee te brengen? Een rode met handtekeningen ?? Inclusief die van u!

  2. EOS is a shitstorm waiting to happen. You have good tech, good governance and huge investments coming together. When the network is stable enough, there will be tokens for everything on it (BTC, Gold, USD, stocks, ERC20-tokens and so on), and they will have instant free transactions. So you just send your Bitcoins to a smart contract, and then you can use it instantly anywhere without a fee. That is horrible for BTC and of course no one will believe in the Lightning Network people anymore.

    EOSfinex is said to be close to finished, but there is a huge risk that will be awesome – I think it will not be that great at start though. But eventually you will be able to directly spend your tokens anywhere.

    So what happens if the price of BTC drops some 30-50%? That is BAD! The hash rate is just keep on going up, and it seems people have been mining at a loss while saving up BTC to sell when the price goes up… This will lead to that a lot of ASICs will become worthless if you can't free electricity for them. And someone can cheaply rent them and use them to disrupt the network and/or double spend while shorting the BTC futures.

    Also notice that you can buy BTC futures instead of actual Bitcoins, which for a long time will lower the demand for BTC. Eventually, if there is any use case for BTC, the price will get higher thanks to the futures, but… I think it will take a long time before the collectable value of BTC will catch up to the current value.

  3. What if you have some ERC 20 tokens on a nano ledger S and plan on keeping them there for years but one day you want to sell them and they have done a mainnet or something I don't lose them I will just have to go to registering them right?

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