I think the bitcoin traders have used the crisis for a short term pump. Looking at the price charts it looks like its struggling to stay above water.
Over a long period of time bitcoin has hit a higher low each year… I just think this current price is a bit bubbly.
If the dollar does actually go pop… then bitcoin may be the hedge people think it is.
If it does get back down to around 4K I may buy some.
For now I’ll stick to maidsafe.
Imo with all the hodling happening in bitcoin addresses and the fact that it is essential that the price at least challenge recent ATH for people to still be willing to put money in this ponzi, it gives more opportunity for the pros to accumulate more shorting the tops down to areas of interest. Ponzi may be a loaded word and trigger some folks, sorry. I only call it a ponzi because it’s whoever gets there first gets richer than the later person like any limited resource. Not trying to be negative. Thought I don’t personally feel like bitcoin provides much value besides speculation and transaction security which is better than nothing but also not world changing and limited compared to what’s coming down the pike. I am I grateful it came to be? Absolutely 100%.
With Bitcoin’s supply being a known constant, it is easy to predict its future price if you can accurately predict demand. Look how accurate this model has been predicting btc’s price. If it remains correct, btc will hit 100k in about 1 year.
Nice…
But that graph does show bitcoin dips, looks like a 4K buyin is a possibility.
The last dip off the line is Covid, so yes , external factors are at play, only on the demand side.
Mate, you really need to start looking at the past charts and supply and demand. With or without a pandemic, bitcoin was predicted to be following this trend.
You have previously said bitcoin would drop below $1k, which clearly went against the consistant retrace percentage.
Look at the stock to flow model by Plan B.
If we keep following the common trend, we will see close to $20k by the end of the year / start of next. Once we start making all time highs, the real bull market starts.
Yes of course there is manipulation, like in any market, but manipulators can only affect short term trends. Long term trends and fundamentals come true eventually.
Just the same as gold. a Ponzi is a very different thing.
Bitcoin as digital gold may be its main use case forever. Who knows. But that alone can get adopted by the world and even central banks / governments. With the way the world is going at the moment, it could be the thing that saves some economies. Don’t bet against Bitcoin. Everyone that has so far, has eaten their words.
I’ve been following the Polkadot hype quite a bit recently, and the narrative around it and how game changing it is / will be, is hopefully just how SAFE will be received.
Pretty crazy that it is already ranked 7th by market cap. I don’t think a project has made it into the top ten that quickly before.
And try to imagine Hashrate and total energy consumption of all Bitcoin miners once Bitcoin hit $100k. I think that this environmental aspect can disturb next bull run as the “green” ideology has big power.
SAFENetwork environment friendly approach has been a factor in attracting some of the people ive introduced to this project.
The stats on the energy consumption / carbon generation per transaction is obscene and not sustainable.
SAFECoin will be the crypto of green people.
The word “Ponzi” definitely triggered me. Every level of monetary function is a Ponzi scheme if you look at it that way. However something needs to be in place so we aren’t trading beaver pelts and rocks. In addition, until further notice many projects can pump but nothing has had true sustainable power without btc also trading up in support so if btc goes back to 3-5k it’s going to be a temp blood bath.
Yeah it’s a loaded word obviously and not a great word to describe a limited resource but I think you get my point about who is first becomes the richer, it’s almost the baseline argument to accumulate and promote bitcoin. Anyways, I think another blood bath (30-40% correction) that hasn’t brought us to fresh levels would really be more harmful at this stage but then again it always manages to truck on. I just think arguing that it won’t make all time highs doesn’t make much sense. ATH are needed to entice FOMO and bring newcomers to the market.
Almost complete and utter speculation. Just taking bitcoin/general crypto space bull market cycles into consideration, some shotty Fibonacci on my part, some current support/resistance levels and other possible levels based off my shotty Fib work, and to top it off $85 was argued by someone smart here as a logical high for several reasons I don’t remember 
. I’ll have to try and dig it up but it’s in this thread. This also assumes we get a working product late this year/early next year and get SAFE listed on some decent exchange(s).
Anyways, what if…
I’m actually missing a couple support/resistance levels, at .145 and .194 respectively. Hope we have some strong moves soon.
I have October-December as big months on the chart. 
Ah… it’s good to dream.
With Fleming on the way - you would expect a de-risking event like that to push us up past $1.00 at least!
We’ve been on a downward slope for far too long…
Some recent interest - pushing us back up above 0.00001.
The case for $85… looking at the available coins on the market, there aren’t that many. All it would take is a handful of bitcoin holders to wake up to Fleming and put a tiny portion of their bitcoin in to maidsafe and the price would rocket.
That… or the complete collapse of the dollar would give us $85 maidsafe.
It wasn’t all that long ago since 0.0002. A 20x return to those dizzy heights would be nice.
Working product late this year/early next year. I don’t know what to say but I would be excited
Projecting that (rather arbitrarily) for right before 2030 when some expect the debt crisis to finally come to a head.
I don’t think anyone will “wake up” to Fleming until it actually arrives and can be tested by people.
I agree. The Buzz will happen if the testing from members on this forum give it the thumbs up. Like a pebble landing in a pool of water
