Here is an interesting way to correlate the 2014 market crash to the current market conditions. IF this holds true, it is a possible route we could take strictly based off correlation.
You could place this over almost any chart and you could find a spot where it lines up perfectly. The only difference is most recover... A broken clock is right twice a day. Don't listen to this garbage.
Very possible. But, place your bets gentlemen. Mine is that this is a healthy correction, just like January of each year before this one.
radi0
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@AlexBridge, another rise will come eventually, maybe a year or so. That's why it's important to not bet your life savings.
exkuji
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1000 would be end of BTC. As it would be swap into BCH. I do not believe we will see 8k and dont believe to see 6 k. It is normal 2 phase of 5 in a big one picture.
Razzor1994
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@exkuji, Few weeks ago you dont belive we see 12k then 10k right?
8k is pretty possible, 5k is less possible but still it can happen. If you check the correction the next resistences was on 8k and next on 5k. If we suffer a full correction like happened in 2014 we will see 8 and 5k esselly. But I hope it will recover fast as in september.
exkuji
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@Razzor1994, @Razzor1994, No. My target C correction was right on 10k so i was waiting this sell day like a months already :) 8k possible with a big manipulation, but 5 k no way.
if 5k BTC than it is game over and place takes BCH. No one will let it happen, not right now when big plans from Goldman still in place.
And for that i have some BCH in my balance :) either way i will go out of this with a full pockets of USDT :)
Razzor1994
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@exkuji, BCH give people higher blocks the problem is that is not solve in any way the scalability of crypto. The only good way I see for scalability for secure currency like BTC, LTC, BTH and so on is needed a change that dont destroy the security and for BTC is lighting network. When lighting network come out all crypto like BTH, BTG and other currency that used like currency in criptoworld that increase block size become obsolete.
Increase mb in blocks will destroy the future for crypto becouse this increase exponentially the total size of the block cain. BCH atm is better only becouse is new. If you make it work for 4-5 years blockcain will become over 100 TB with 8 mb block size. And you had to process all blockcain to make a secure transaction. So increase block size will solve the problem for 1/2 year but this will trasform the blockcain in too huge to be processed and difficolty will scale exponentially.
Bitcoin Cash cant replace in any way Bitcoin that all. And when Lighting network come out there is a risk Bitcoin Cash go to 0 becouse it become usless in face of original bitcoin.
exkuji
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@Razzor1994, man, we are speaking about now and 6 months in front, not about 4-5 years. If this madness with BTC will keep going and as u say will go to 5k then whole market will turn into BCH as it is way better now that BTC is. Lighting network may not work and be a scam, you newer know what is real and what is FUD.
BTC is like a gold, you can't spend it easy, you can not pay with it, as transaction cost 15-30 dollars is way too much. If BTC will fail to maintain price why should it survive when we have way better currencies already like XEM or XMR ?
Razzor1994
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@exkuji, Personally i'm a programmer and a web master like main profession, and I stayed here when internet had the same problems. I strudied Lighting network system and it woud solve btc problem. sure if they cant been able to provide what they want to programm sure you can call this a scam. But BTH is a hard fork of BTC is a solution proposed for BTC network but the network dont accept it.There is resons for this you dont think so?
BTC is good store of value like gold but with right updates it can be a efficient currency world wide. BCH volume was over 1 Billion BTC is over 10 billion. Whole market can turn in BCH it decrease too and higher that BTC decrease in this period.