A new post

I just looked at my last blog post. It was written during the last bubble type spike up in progress (quite a while ago now, over a year?). With the price at about 7 or 8K I predicted at that time it might spike up to 13k (in US dollars). It was obvious to just about anyone with a modicum of experience that the market was in a bubble type move up. Which it was. 13K turned out to be an underestimate with it going above that mid-line of my long channel. In fact at the time when that channel was breached with price rushing upwards I wrongly (but didnt’ blog it) thought bitcoin was going to shoot to way higher than 20k . In hindsight a breach of a channel often turns out to be a false breakout but anyway.. All of which goes to show how hard it can be to predict when the pin will prick the bubble.

The other thing I had a bee in my bonnet about was segwit. Of which I wasn’t a fan. To be honest I’m still not but not going to waste time with my view on that here. But not so purist as once was. Nowadays we have seen the bitcoin cash fork in which it followed Satoshi supposed big block vison. Only for that to fall apart and another fork this time with Bitcoin Satoshi vision, a fork of bitcoin cash, following Satoshi vision of a peer to peer electronic cash system. Except Craig Wright how claims to be Satoshi has never managed to prove it and increasingly living up to a reputation of faketoshi. All of this has made it hard for me to support either fork of bitcoin cash.

I have stated many times on this blog how I like Dash. That feeling has only increased as time has passed. I am currently wondering why I haven’t yet converted all my bitcoin cash and bitcoin sv to Dash. Which regardless of Satoshi is the closest thing in crypto to ditigal cash. And its in the name.

As far as bitcoin goes. I like bitcoin more than bitcoin cash or bitcoin sv as a Dash hedge. Why hold bitcoin cash or bitcoin SV when Dash is doing it much better in that direction. Bitcoin on the other hand has gone in a different direction, it is going small blocks, offchain. So I view really is a hedge on Dash. It still has market mover advantage will that approach win over the big block direction?

Anyway this blog was never really a dash blog, it was bitcoin. Harking back to the time when bitcoin was really undisputed (maybe still is?). So in that spirit heres my chart…

What we see here in my opinion is a bubble that has corrected. Everyone is now appropriately bearish but indicators scream oversold and look to be ripe for trend to turn back bullish.

Maybe now is time to accumulate some crypto. By that I mean, some Dash and some bitcoin as a hedge.

(Although be wary that Dash is heading up a bit too much just now, maybe wait the dip)

3 thoughts on “A new post

  1. Hi AF,

    Always a pleasure to read some much interesting materials from you. Even it is increasingly scarce. Has been kind of pre-valentin gift to me 🙂

  2. I would highly recommend Monero (XMR) instead of Dash, since Dash is known to be an instamined scam with false claims of privacy, poor engineering, and a centralized masternode model. In contrast, Monero had a fair launch, is more decentralized, has multiple Ph.D. cryptographers who have created technology that is light years beyond Dash, has fungibility at the protocol level, has real-world utility, and is gaining adoption and usage.

    Please look at this comparison between Monero, Dash, and other competitors, and see why Monero is the clear winner: https://moneroforcash.com/monero-vs-dash-vs-zcash-vs-bitcoinmixers.php

    Dash is known by many to be a scam/fraud:

    “Evan’s and Dash’s scam story – Homero – Medium”
    View at Medium.com

    Why the darkcoin/dash/dashpay instamine matters:

    BlockSci successfully traces transactions performed with Dash, ZCash and other currencies, but Monero remains untraceable:

    Analyst CryptoIzzy explains why Monero is better than Dash:

    Dash’s record in 2018 has been atrocious: https://www.reddit.com/r/DashUncensored/comments/abvewf/dash_in_2018_disappointments_boondoggles_scandals/

    After examining the evidence, it is quite clear that Monero is truly the strongest competitor, since it is more honest, is fungible (enforced privacy by default, so no possibility of tainted coins), has much better engineering, and is more decentralized, secure, and private than Dash.

  3. Hey AF! Longtime reader here hoping your 2019 was an outstanding year. As the New Year rolls upon us, do you have any thoughts on the crypto market that you’re willing to share?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s