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RE: Where is the BTC price going

in #btc5 years ago

Trading volume has almost halved from just days ago when it comes to the popular exchanges. Now I'm mostly convinced that we won'see anything major till Q2 2019. I abhor Keynes but there is one quote that I firmly believe in after my ~1.5 years of trading experinces:

Unless I see very strong reason for market to go up, i'm convinced that we'll either go sideways or we'd have another low. There are crypto lawsuits piling up including the ones against main figures of BCHABC. Then there is this news: https://www.ccn.com/uncle-sam-wants-to-snoop-on-your-monero-transactions Only Monero and Zcash are being targeted for now. But it doesn't create good PR.

The proposal identifies 3 phases of research. The first involves designing a blockchain analysis ecosystem, building on and around Zcash and Monero to enable forensic analysis for homeland security and law enforcement applications using cryptocurrency. The second phase involves prototyping and demonstrating the blockchain forensic technologies already designed, while the third phase is the implementation of blockchain forensic analytics for government and commercial uses by assisting with law enforcement operations as well as anti-money laundering compliance.

I also checked https://icowatchlist.com and there isn't much to talk about. @steemhunt and @steemmonsters are better pitches than generic ICOs that might as well be generated by an AI.

Unless we reverse the trend soon I'd say we could have below $2000 BTC until mid 2019. At least that's what I'm personally preparing for. I don't have much money to HODL. I haven't cashed out a single penny into fiat. I've put 99% of my crypto in passive income generating forms such as STEEM, NEO etc. I'm also contributing to World Community Grid Medical Research to earn a little bit of Byteball. But it's barely worth anything (for now)https://steemit.com/byteball/@vimukthi/byteball-leads-world-community-grid-thor-challenge-2018-with-the-power-of-incentives

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