What we are witnessing right now are the last weeks of bitcoin being the dominant cryptocurrency. Ripple and Ethereum are both going to fly past it in the near term. I think that the total collapse might be just a few days away before the masses understand that there are no longer gains to be made in bitcoin and start evacuating their assets to these two more modern cryptocurrencies.

I know I am and thanks for the scratch  .

 Bought my first bitcoins in the summer of 2014 and still hodling them. Of course this is years later than real early adopters. But I still think 2018 will be remembered as the year bitcoin was replaced. I just don't see the services adopting segwit that could maybe still save the day (along with LN).

By Ripple and Ethereum like I already wrote in my first post. Unwashed masses don't really care for the finer qualities of bitcoin such as being decentralized. They see more potential gains in the aforementioned cheaper alternatives. Now the rates of these coins are driven by the crazy stampede of these less informed "investors" and bitcoin is just not seen as a good investment (already high unit price - the train has gone, huge fees, slow operation, no smart contracts etc etc). For these people the low unit price of Ripple alone is enough to keep pumping it until it's bigger than BTC. It does not help either that bitcoin is continuously hit with the flak from it's opponents in governements, banking world etc. The alternatives are growing next to it with almost zero opposition.

Bitcoin is losing ground for good. Better and stronger alts are gaining the momentum. Kudos to the old mammoth for doing the heavy lifting but now it has become weakened and blind. It's time for the younger competitors to take the lead.

I give credit to BTC where it's due i.e for clearing the way for the alternate cryptocurrencies. It's an achievement that will be written in the pages of history. But the reality is that newer cryptos are speeding past it and it's just a matter of time (maybe a few months or even less) before the king is dethroned.

Their value is in the eye of the beholder...just like Bitcoin's is. That said, I am fairly sure a huge implosion is coming. It's almost too evident seeing how people are pumping billions and billions of dollars in all kinds of meaningless coins. Will it come in one month or one year remains to be seen.

Sorry, I still hold dozens of bitcoins so while the mammoth is not dead I'm going to hang by. Doesn't stop me from saying how I believe it's going to end up nonetheless  .

Like I said yeasterday the old mammoth is already faltering. We are about to go down big time!

Ok my bet is 11k. 8k tested once the the weekend slump hits  

http://4.bp.blogspot.com/_G_byZEXiVM0/S_Ak3ok3ngI/AAAAAAAAAKk/aueABeFh0HA/s1600/karhuIII.JPG

Aaaaah!

It's propably a good idea to keep the name for historical reasons. Like I said: Bitcoin still cleared the way. Or it could be renamed to Cryptotalk.org if it has not been taken. Either suits me. But we both know that big ships steer slowly!

Gentlemen, gentlemen! There's plenty to go around. No need to fight   .

The tide won't turn until bitcoin is fixed. And the fixes are taking too long time. Major correction ahead to realistic price levels (sub $5000, maybe even slightly lower than bch!).

See, this is exactly  what I was referring to earlier. The price action is screaming that the old mammoth will go down but since we (me as well) are so heavily invested in BTC we refuse to see the bigger picture. However, the biggest problem is that there aren't even any good news in the short term horizon. LN isn't here yet (and nobody knows if it will catch wind when it finally comes), major services are not interested in implementing SegWit (which already gives LN little chance of success), ETFs are facing problems (the applicants are told to back off by SEC) and other major cryptos are advancing in huge leaps. Every logical reason tells me to cut my losses and run. But still I'm wondering if by miracle it could still go up...how much more I could have had I had sold in December etc. Stupid weakness that will surely be my undoing (and of so many others).

Easily. I'm a veteran of many testosterone dripping manly close combats.

But back on topic: I predict 11k in the weekend. Maybe less.

Bitcoin is crashing. I told you!

Geez. Even I have stronger hand than that  and I am BEARISH. Get your sh!t together, sonny.

I did. Haven't sold a fraction of bitcoin and I deeply regret my decisions  .

Now I will not die even if my bitcoins go to zero so I might as well see how it turns out.

Wall Street bonuses had an effect last year when TOTAL market cap was at 15B$. Now we are at ~700B$. Going to need some serious improvements with fees (Coinbase...), ETF or maybe even a working LN implementation with some bigger retailer to go to moon. None of these are bound to happen anytime soon (going to take months at minimum).

But is it really cheap? The selloff might still continue. Trump managed to pump the stocks on friday but I doubt it'll last and it seems like BTC is being liquidated to make up for the losses.

Last weekend there was a selloff in the night between sunday and monday in anticipation of the falling stocks. I am waiting to see if the same happens again.