Lol, I'm one of the original permabulls (if i say so myself). Whilst I think fundamentally, I'm better off heavier BCH, I'm not stupid enough to bet against speculative mania and sell BTC entirely, let alone short it!

Read a bit further up the thread, I'm what some might call a "bcash shill" and even I am saying we could see anything up to $80k in the short term.

Also, I don't trade so I never short *anything*. For me it's the most stupid trade you can make. Limited upside, unlimited downside.

I don't get it sgbett. How did you become a BCash shill and still be rooting for Bitcoin?

You do realize that when Bitcoin gets a block size increase (and it WILL eventually) then BCash will become completely obsolete?

Just because I prefer the Bitcoin Cash project, doesn't mean I can't see the speculative value in Bitcoin. So I'm not really rooting for Bitcoin Core, just trying to be intellectually honest, and financially rational. I know why you don't get it, because you are still in love with BTC, I was and it's very hard to be open minded after 6 years of steadfast beleif. Only the people that have made the switch know how painful the breakup us.

So, because of this I'm not sure you can really make an objective judgement on the situation. I think your judgement is clouded further still because you seem to be stuck in an us/them mentality (i noticed the shill remark btw, just made me chuckle, you know its lost all meaning now right?). So, I would respectfully disagree with your theory. The only way BTC will get a base block-size increase is if Core end up totally backed into the corner (eg a cashening or the like), they are simply too entrenched in their position, it would be a desperate move in reaction to falling out of favour with the market. If the market has already set a new course, then I think anything core do would be futile. The only thing stopping the market moving now is the speculative value of BTC, and the attachment.

So I think the idea that BCH would become obsolete doesn't really make sense, because Core and Cash have two very different roadmaps. Their stated business model is 2L solutions/offchain. I doubt very much that Core is suddenly going to abandon this and ape Cash with an on-chain strategy. Do you think they would?

For a bit of fun heres an idea for the top. How does a brief spike to $50k in the very near future sound ?



That would be similar to the first bubble peak of 2013

Then a crash, but first a ginormous spike

I wonder if the reason many fail in TA is that they don't use the log price scale enough.

Log scale (or better said, lack thereof) is only an issue when using trendlines during parabolic trends. Or just the visual appearance can be enough to scare you out of a long when you look at this



On short time frames, there is virtually no difference in the appearance. MA's, fibo, indicators are unaffected by log vs linear

50k is very possible in the very near future. Could come in the next couple of weeks

Yah non-log is always scary over long term, but also so entertaining

Anyone can buy bitcoin, including the banksters.

So its easy to imagine they shorting it after CME futures launch, to win their bets and create a snowball effect.

Luckily for us, the positions are being quickly bought by people eager to jump in.

Pity its taking so long.   I think the fix for transactions has to be scalable, this is a favourite criticism of many mainstream pundits that this whole crypto 'economy' is just a side show and would fail if tested.
So far BTC fee structure has proven them right which should not have been allowed to occur really.   I think any solution has to allow side chains of some sort and security is selectable by the user by the needs they have and of course the size of the transaction.   We dont need coffee to the same security as a house purchase clearly, but the layout of BTC so far lacks that clarity.

The top is nearer 19 to 20k and the current pullback is within that bullish rise.   I'm quite surprised people are so wary when not a vast sell in percentage terms.   All the way back to 15,713 is still quite strong.  A mid way marker for the nervous I will call $17,155    thats just a speed hump between those two larger boundaries

Instead of your top, I'm calling a BOTTOM @ $16,500.

Think fast buddy, if it breaches $11,2 no more support til around $9,9...

So much easier to make a decision when you have time to think about it.