Daily Crypto Nooooooz

[indiamikezulu]

My outfit -- 'IndiaMikeZulu' -- talk about altcoins versus Bitcoin all the time: the future of established altcoins is looking very very good. One reason is what we term 'cascade': Bitcoin's seg wit implementation remains months away, but check the unconfirmed transactions!!

https://blockchain.info/charts/mempool-count?timespan=all

Four of the biggest spikes in unconfirmed transactions have happened in just the last five weeks, and the last spike blasted from about 70K to way over 100K.

This means that as the financial crisis, which is growing steadily worse, sends capital to cryptographic currencies, more and more of that capital will 'cascade' down from Bitcoin, down through the Top Ten, and further down the charts.

[indiamikezulu]

What price will Bitcoin be on March the 22nd? (a week or so after the W'voss ETF Thang?)

This competition may not catch on. Let's see.

B.N. calls '$0.' '$700 some time this year'

Sabretooth calls 'lower than people think. Big buy-in opportunity in coming months.'

IMZ: new guess, me -- $800? See 'Noo Info' just below

Some Guy Named 'Bogart': 'not slump more than 10%' [ http://www.etf.com/sections/features-and-news/bitcoin-etfs-dummies?nopaging=1 ]


Noo Info

To begin, we reckon: W’voss ETF? No – so that’s a negative.


EDIT (my error): Will the restrictions on Chinese exchanges be simply lifted this month? or will the drama continue?

‘ . . . the suspension could either be cleared before the one month period or could potentially last longer than the original one-month timeline.’
https://cointelegraph.com/news/bitcoin-price-recovers-in-china-making-up-for-huobi-okcoin-withdrawal-suspension


‘BTC China did not give a timing for when any upgrade would be completed.’
https://www.bloomberg.com/news/articles/2017-02-10/china-bitcoin-exchanges-halt-withdrawals-after-central-bank-talk

[I put a couple of questions up on Reddit.]

Otherwise . . . I wonder if folks are keeping in the mind other generally positive situations, like le Pen’s popularity in France? And the March 15th end to the U.S. ‘debt-ceiling’ holiday, which will bring attention to the claims that Trump’s stimulus promises can’t be fulfilled.

[jwinterm]

I'll say $1800. If you set a thread up on reddit /r/groestlcoin I will put up 1000 GRS for whoever guesses the closest (pretty sure I have over 1k in tipbot there).

[jackielove4u]

900$

[indiamikezulu]

The Bitcoin-price-in-mid-March-thing

Negatives:

The end of the withdrawal suspension in China: situation unclear, me still looking for data
The failure of the W’voss-ETF application: seems pretty clear it won’t be approved
The it’s-not-slowing-down-at-all problem of unconfirmed Bitcoin transactions.

Positives:

I suggest a gaggle of macroeconomic factors, like the mid-March-U.S. end of the debt-ceiling holiday, are more and more so the 'broader base' that will reduce the impact of 'single' events like drama in China.

And stuff like this will be a ‘tsunami’: https://www.thenewamerican.com/usnews/congress/item/24970-teamsters-pension-plans-seek-massive-cuts-to-retirees-to-stay-solvent

And in Europe, ‘ . . . unease with immigration and disillusionment with the European Union are rife . . . ’ http://www.thespec.com/news-story/7162212-dutch-far-right-icon-geert-wilders-could-win-most-seats-in-netherlands-election/
The Euro is a dead man walking.

A Note About Wilders etc: It's just coincidence, guys, that I am focussing on Wilders at this second. My interest in this political situation is intense, and goes back a decade. And Australia is at this second experiencing an almost exact parallel to The Wilders Thing.

[indiamikezulu]

What price will Bitcoin be on March the 22nd? Well . . . Groestl Coin's birthday


B.N. calls '$0.' '$700 some time this year'

Sabretooth calls 'lower than people think. Big buy-in opportunity in coming months.'

IMZ: new guess, me -- $800?

Some Guy Named 'Bogart': 'not slump more than 10%' [ http://www.etf.com/sections/features-and-news/bitcoin-etfs-dummies?nopaging=1 ]

jwinterm: $1800

jackie: $900

[indiamikezulu]

What price will Bitcoin be in Mid-March?


B.N. calls '$0.' '$700 some time this year'

Sabretooth calls 'lower than people think. Big buy-in opportunity in coming months.'

IMZ: new guess, me -- $800? I can't play anymore 'cause there's a tiny prize up for grabs

Some Guy Named 'Bogart': 'not slump more than 10%' [ http://www.etf.com/sections/features-and-news/bitcoin-etfs-dummies?nopaging=1 ]

jwinterm: $1800

jackie: $900

Rat (a Tux Exchange dev): $1000

[indiamikezulu]

https://news.bitcoin.com/happened-to-bitcoin-in-china-2017/

[indiamikezulu]

Goodness! Saturday morning. Now got the Guessing-Game running across five sites, though in 'generic' versions elsewhere: without mentioning GRS. Back shortly.

[indiamikezulu]

What price will Bitcoin be in Mid-March?


B.N. calls '$0.' '$700 some time this year; but for mid-March, $1337.'

Sabretooth calls 'lower than people think. Big buy-in opportunity in coming months.'

IMZ: new guess, me -- $800? but I can't play anymore 'cause there's a tiny prize up for grabs -- but may I note that my eight hundred came from assuming a drop in a Bitcoin price that has risen rather more than I thought it would!

Some Guy Named 'Bogart': 'not slump more than 10%' [ http://www.etf.com/sections/features-and-news/bitcoin-etfs-dummies?nopaging=1 ]

jwinterm: $1800

jackie: $900

Rat (a Tux Exchange dev): $1000

mini (another Tux dev): $1600 or better

doc: $1503

sphericon [EDIT: $1750] -- s/he notes this: https://www.google.com.au/search?q=GBTC+bitcoin+investment+trust&rlz=1C1CHBD_en-GBAU726AU726&oq=GBTC+bitcoin+investment+trust&aqs=chrome..69i57.3617j0j7&sourceid=chrome&ie=UTF-8

Eddie13: $713.13

[indiamikezulu]

https://cointelegraph.com/news/to-the-moon-analysts-optimistic-towards-bitcoin-etf-approval-50-percent-probability

Planet-Krypto articles seem more upbeat, Wall-Street articles seem less so. I suspect the Wall Street guys are making better estimations.

Meanwhile, we have forthcoming (a) the end of the U.S. debt holiday, and (b) the possibility of some folks in China cashing out in frustration as the Chinese exchanges re-open withdrawals, and (c) the Dutch elections, and (d) the likelihood of the U.S. Fed. Reserve increasing interest rates.

(And here in Oz, the West Australian elections will feature Hanson, the Australian anti-Left contender. Her increasing popularity mirrors that of Trump and le Pen. Watch this space!)

[indiamikezulu]

http://bitcoin-daytrading.com/bitcoin-etf-done-deal/

[indiamikezulu]

https://themerkle.com/top-3-bitcoin-etfs-awaiting-sec-approval/

Wow, if not the W'voss ETF, then the next and the next. Researching this has been most interesting.

[indiamikezulu]

Okay! The Guesses above are correct: sphericon's has been changed.



Here's the morning nooooz


‘The US Securities and Exchange Commission's decision on the much-anticipated bitcoin exchange-traded fund (ETF) is expected by Friday . . . ‘

http://www.coindesk.com/sec-decide-bitcoin-etf-fate-friday/


And you guys can help me figure this one out. Two articles, quite opposite in tone, but both reporting the same news:

https://cointelegraph.com/news/china-hints-at-bitcoin-licensing-forgiving-attitude-to-exchanges

https://blog.fxopen.com/bitcoin-drops-on-pboc-waits-etf/

[indiamikezulu]

What price will Bitcoin be in Mid-March?


B.N. calls '$0.' '$700 some time this year; but for mid-March, $1337.'

Sabretooth calls 'lower than people think. Big buy-in opportunity in coming months.'

IMZ: new guess, me -- $800?
but I can't play anymore 'cause there's a tiny prize up for grabs -- but may I note that my eight hundred came from assuming a drop in a Bitcoin price that has risen rather more than I thought it would!

Some Guy Named 'Bogart': 'not slump more than 10%' [ http://www.etf.com/sections/features-and-news/bitcoin-etfs-dummies?nopaging=1 ]

jwinterm: $1800

jackie: $900

Rat (a Tux Exchange dev): $1000

mini (another Tux dev): $1600 or better

doc: $1503

sphericon [Edit: $1750]

Eddie13: $713.13

jamesm225: $2000 (provisional guess -- watch this space)