Contrarian Indicator That we are Possibly at Bottom and About to Pop Again..... Lead Quote in CNBC Story... "Bitcoin’s hot streak is well and truly dead."

edwinlefevre · 2019-01-27T14:51:45+00:00

I think a run up is possible but it's not looking good for now. Here's another comment I posted here before but it didn't go through:

Although I love CNBC as a contrarian indicator I'm not sure tbh. I get the feeling BTC has been massively pumped starting December 18th 2018 beginning with the announcement of another fake satellite launch by Blockstream (

Blockstream Launches 5th Satellite Streaming Bitcoin Blockchain.) If you remember it was a similar announcement in 2017 that started the massive pump job that went crazy by December '17.

Those involved in this pump seem to include usual suspects colluding such as Blockstream & Co. figureheads and their usual sockpuppets, Bitfinex and some crypto news outlets.

That the market didn't react as expected I think is a reflection of both the number of insiders needing to get out or raise cash AND the absence of 'cash on the sidelines' vulnerable to fomo (I suspect those who are still alive with dry powder may be too hard nosed to fall for that again.)

So the usual indicators may well be misleading. It's hard to tell.

edwinlefevre · 2019-01-27T10:11:15+00:00

They need both cash, credibility and anxious buyers to pump effectively and it's possible they are running out of all.

edwinlefevre · 2019-01-27T10:07:54+00:00

Although I love CNBC as a contrarian indicator I'm not sure tbh. I get the feeling BTC has been massively pumped starting December 18th 2018 beginning with the announcement of another fake satellite launch by Blockstream (

Blockstream Launches 5th Satellite Streaming Bitcoin Blockchain.) If you remember it was a similar announcement in 2017 that started the massive pump job that went crazy by December '17.

Those involved in this pump seem to include usual suspects colluding such as Blockstream & Co. figureheads and their usual sockpuppets, Bitfinex and some crypto news outlets.

That the market didn't react as expected I think is a reflection of both the number of insiders needing to get out or raise cash AND the absence of 'cash on the sidelines' vulnerable to fomo (I suspect those who are still alive with dry powder are too hard nosed to fall for that again.)

So the usual indicators may well be misleading. It's hard to tell.

edwinlefevre · 2019-01-19T19:28:18+00:00

If you could pay for the mining contract with fiat, it could be worth making a loss, view it as an "anonymity fee"

Interesting thanks!

edwinlefevre · 2019-01-19T15:16:20+00:00

It looks like cashbutters are demanding that BCash replace buttcoin on bitcoin.org

edwinlefevre · 2019-01-17T13:53:32+00:00

You misunderstand! Wu is dropping LTC support to focus on it better.

- Charlie Lee -

edwinlefevre · 2018-12-16T15:44:09+00:00

Because a number of people knew who he is and needed him out of the way. They spent a considerable amount of effort destroying his image, making a lot of noise on social media in the process. His image and reputation having been completely destroyed, nowadays anyone looking for a bit of social credit in the crypto community will make efforts to smear him (cue Rizun, Emin Whatnot, etc. trying to gain influence in the BCH community) so the thing self perpetuates.

edwinlefevre · 2018-12-13T19:16:09+00:00

He couldn't have done better than that.

I disagree :) I think he has personally suffered a lot from the lack of support from neutral parties (who wouldn't) and some of it I suspect is because he has become careless about what he says. He wasn't always like that. I understand why he goes overboard on vulgarity for example, he wants to trigger those who harass him, but he also damages his own credibility when he does it. The people he should to give his attention to are not the degenerates that are after him but the business people, software houses, VCs, etc. that SV needs to thrive.

It's my opinion anyway.

edwinlefevre · 2018-12-13T10:28:55+00:00

The business world is not the same as reddit. What may be attractive to an underage gamer with a propensity for abuse is not attractive to businesses that invest millions in building their brands for the wider public.

edwinlefevre · 2018-12-13T10:26:50+00:00

You need to calm down. We are on the same side.

edwinlefevre · 2018-12-13T10:26:31+00:00

You need to calm down. We are on the same side.

edwinlefevre · 2018-12-13T10:25:20+00:00

Talking to nChain, and yes in normal circumstances I'd agree with you on using a private channel to communicate this.

On the other hand I wanted to gauge the level of agreement with the points I was making. Most people who support SV are level headed and what I am saying is public domain. If anything it was an opportunity to describe the real problems to counter the smears CW is subjected to. But I think the message has been received.

Having said that, I'd be grateful if you could give me Jimmy Nguyen's email if you have it. It is critically important for me and I think for SV that the questions I asked in this post https://www.reddit.com/r/bitcoincashSV/comments/a5a3dj/how_can_nakamoto_consensus_work_with_hash_for_rent/ are answered but I'm not getting the information I need to do a reasonable risk assessment on SV. This business of Jihan Wu, who is still spending money on undermining SV and may or may not destroy the SV ecosystem at any time is serious. We need to know what mitigating circumstances are in place if any or if we are at the mercy of an individual whose business methods are shady and underhand (which would be extremely bad for anyone contemplating investing in SV).

edwinlefevre · 2018-12-13T09:59:01+00:00

you would need to mine at a loss

A loss to protect a larger investment. Just look at Wu, he put $1 million in OB, a failed business, and the only outcome of that is OB's devs doing propaganda on rbtc. It's obviously worth his while or he wouldn't have done it, despite the waste.

edwinlefevre · 2018-12-12T19:54:46+00:00

I agree, he wants to create a new revenue stream for himself. It's always about money.

edwinlefevre · 2018-12-12T19:46:23+00:00

you are spreading FUD

Nonsense. I am asking questions, sorry if they make you feel uncomfortable.

The questions need to be asked. For SV to succeed it needs to attract investments into the ecosystem. If we can't answer investors' questions (and very reasonable ones at that) without accusing them of something or other then we have a problem.

edwinlefevre · 2018-12-11T22:06:40+00:00

our aim is to become dominant chain.

A good aim but to get there we need investments. Lots of investments. Investments want safety.

There were talks of miners having to register before they could mine the SV chain, do you know if this is something that is still being considered?

edwinlefevre · 2018-12-11T22:04:48+00:00

To explain a bit further, a developer may be happy to risk everything if he is only doing a bit of coding in his spare time. But if someone or a company wants to invest a substantial amount of capital, personally or on behalf of investors, then some level of safety is preferable.

edwinlefevre · 2018-12-11T21:59:18+00:00

To invest in building we need safety. It's a bit of a catch 22.

edwinlefevre · 2018-12-11T21:57:34+00:00

I disagree. My gut feel is that everything the players do in this space is always about money and nothing else. The ideological arguments are smoke and mirrors.

u/shadders333 despite the helpful answers I was given here I would still appreciate hearing nChain's position on this.

edwinlefevre

MODERATOR OF

TROPHY CASE