No Kevin, Bitcoin will NOT bite the dust

“…I have also yet to hear a single intelligent challenge to this argument from the bitcoin community. Instead, the typical response has been personal abuse. Name-calling is no substitute for a reasoned response.”~ Kevin Dowd. Source: https://www.coindesk.com/bitcoin-will-still-bite-the-dust

CHALLENGE ACCEPTED

Kevin Dowd, a professor of finance and economics, wrote an article titled “Bitcoin Will Still Bite the Dust” which was published on www.coindesk.com on 13 January 2019. It’s based on a 2015 paper of the same name which he co-authored.

I haven’t read the 2015 paper and I certainly don’t intend to. For me the article alone was cringe-worthy. It contains statements in support

BTC – 10 Jan

I’m back from vacation. (Did you miss me?) Time to catch up the last few days and to look ahead a few more.

BTC is growing increasingly comfortable with climbing in price. The pattern is looking more and more like post-capitulation growth.

https://mentormarket.io/bitbrain/to-capitulate-or-not-to-capitulate-that-is-the-question-part-2-the-answer/https://mentormarket.io/bitbrain/to-capitulate-or-not-to-capitulate-that-is-the-question-part-2b-the-rest-of-the-answer/

My suggestion is still to remain wary of the possibility of a Dead Cat Bounce, though I don’t see BTC dropping below $3000 even if that does happen. I’ll do a longer-term prediction post soon.

Looking at the charts today we see a downwards correction after some rapid growth. The growth phase occurred after a converging triangle which took about

Index to crypto with Bit Brain – Edition VII – 2018

2018 is over and that means that it’s time for me to publish my final “Index” post of 2018 posts.

For those new to the awesome Bit Brain blog; I publish a monthly index of my posts from the past 30 days or so. It gives you an idea of what I wrote, lets you visit any gems which you may have missed and best of all: has a series of links that should make it easy enough to go back in time to find any of my posts.

I haven’t done Index posts for the last quarter of 2018, mainly because

Smarter than Bit Brain

It’s a brand new year, and what better way to start a year off than with a big slice of pie? Humble pie.

From https://www.flickr.com ; by Beckmann’s Bakery ; used under CC BY 2.0 license

Smarter than Bit Brain

“If you can beat me – and that’s a big “if”! – I will publish a post of those who are “Smarter than Bit Brain” “From https://steemit.com/cryptocurrency/@bitbrain/investing-in-crypto-is-too-close-to-gambling

Technically I could get out of this: I wasn’t beaten, I was soundly thrashed!

But as much as I enjoy revelling in my own narcissistic glory whenever I can, I have to offset that by admitting when

THEKEY to Crypto

I want to remind everyone that THEKEY exists

I know that alts aren’t popular right now, I know that the market has been particularly hard on them during 2018, believe me I know!

Sadly this has scared most investors away from alts. Sad, because this is prime buying time! Never in your life will you again see such wonderful investments going so cheap!

The tricky part is picking the right ones – those that will survive and make money.

From https://www.thekey.vip/#/homePage

THEKEY to Crypto

THEKEY is project based on the NEO platform.

What are you still doing here? I just told you everything you need to

Bitcoin signals teatime

A Cup and Handle have formed on the BTC charts

I feel a little stupid for not having noticed it a day or two earlier, I blame a “lack of zooming out” – a danger when one gets caught up looking at the short-term charts.

Here it is on the charts:

Made by Bit Brain with TradingView

The Cup and Handle is a bullish pattern. Confirmation has already occurred with BTC leaping up in price and breaking through multiple Fib levels over the last 24 hours.

The obviously negates my prediction of yesterday, though the Fib levels from that post are still holding true and have been confirmed by the latest movement:

Made

Bitcoin – the rest of December

I was expecting a drop in Bitcoin price and here it is

Having been range bound in the $3675 – $3850 (coinbase prices) region for over 2.5 days, BTC was showing signs of dropping below that range.

It formed a gently tapering triangle, indicating another price drop before the end of the year, but we didn’t have to wait that long. Declining volume signalled the direction of the change in advance.

Its possible that a strong recovery of the large financial markets prompted buying there with funds partially drawn out of speculative crypto investments.

As I said a few days back, I believe

BTC short-term

A look at BTC price predictions for the next 24 – 48 hours

For those of you who were too busy enjoying the pre-Christmas festivities to check your crypto feeds – you missed out on an exceptionally insightful Bit Brain series about capitulation. You can catch up here:

To CAPITULATE or NOT to CAPITULATE? That is the question. – Part 1: The Question To CAPITULATE or NOT to CAPITULATE? That is the question. – Part 2: The Answer To CAPITULATE or NOT to CAPITULATE? That is the question. – Part 2(b): (The rest of) The Answer

BTC short-term

BTC concluded its fairly

To CAPITULATE or NOT to CAPITULATE? That is the question. – Part 2(b): (The rest of) The Answer

This is a direct continuation of “To CAPITULATE or NOT to CAPITULATE? That is the question. – Part 2: The Answer” and the conclusion of this series.

At least for now.

Read the first two instalments here:

To CAPITULATE or NOT to CAPITULATE? That is the question. – Part 1: The QuestionTo CAPITULATE or NOT to CAPITULATE? That is the question. – Part 2: The Answer

Now, back to the action:

To CAPITULATE or NOT to CAPITULATE? That is the question. – Part 2(b): (The rest of) The Answer

Consideration 2: – Volume

The link between volume and price is a strong one. Volume is also one

To CAPITULATE or NOT to CAPITULATE? That is the question. – Part 2: The Answer

Or at least – My attempt at an answer

This post is directly linked to my post of yesterday: To CAPITULATE or NOT to CAPITULATE? That is the question. – Part 1: The Question – you’ll need to read it for background information if you are to follow this post.

Okay, I have a few important things to say here, each of which is worthy of consideration. Their are four major factors which could be the answer to the question of BTC capitulation; either in isolation or combined with one another.

The first of these is by far the longest to explain. This post will look at the first factor. I will do a follow-up post