Is Bitcoin Headed for Troubled Waters / Cryptocurrency Predictions / Episode 02
Show Description

In this episode Brett and Viewer K take a look at Bitcoin’s future over the next 40 to 90 days. With the start of the new year, Bitcoin has been in relatively quiet territory, but it may be that troubled waters lie ahead for the largest cryptocurrency. At the top of the show, Viewer K also discusses the meaning behind the podcast name, Signal-Interrupt, and how remote viewing forecasts may be related to collapsible wave functions from quantum mechanics. To wrap the show up, K also provides insight on another cyrpto he’s been watching, LTCCNY – Litecoin versus the onshore Yuan .

Show Links

Brett: Welcome to the show we discuss trends from across the FOREX, Futures, and crypto markets while providing a unique vantage point using predictive remote viewing strategies to reveal the markets of tomorrow, today. I’m Brett Stuart, founder of Technical Intuition and author of Remote Viewing: The Complete Guide. And, with me is my co-host Viewer K, a remote viewer and venture capitalist who’s been trading for over a decade in the Futures, FOREX and since 2012 cryptocurrencies. So, welcome to the show Viewer K

K: Thanks Brett, it’s great to be here again.

Brett: So, our episode for today we have a couple of interesting topics, but before we jump into that, I just have a couple of quick announcements. The first, we have a brand new website, which is signal-interrupt.com. Definitely go check that out. You can find all of our podcasts there, neatly organized in one place. You can sign-up to the new RSS feed and our newsletter as well to stay up to date on new episodes and announcements coming from myself and Viewer K. We also have a couple of creative ideas that we’ll be rolling out over the next 1-2 months through the website. So, stay tuned on that front.

Our episode for today is going to be a little bit of a continuation to some extent from our first podcast when we talked about the Ethereum to Bitcoin pair. We going to specifically be looking at Bitcoin against the Dollar, our forecast there, a little about the news and what’s going on in those areas and our work. 

02:09 So, before we jump into the main headline for the show, we want to do this brief intro segment for each one of our podcast’s to discuss what’s on our minds. What we’re thinking about, what’s interesting to us in the remote viewing field as it relates to the markets, and for this particular show we want to talk about the actual name of the podcast itself, signal interrupt, because it’s a fascinating topic. So, K why don’t I ask you the question, what is signal interrupt?

K: Well that is a good question, but maybe a better question is what isn’t signal interrupt?

Brett: Not a bad response because really you can find sig-int in a lot of different places. You have it in the military, you have signals intelligence, sig-int. You have it in communications programming. Outside of those frames or contexts, when it’s related the markets, how are we framing that term itself signal-interrupt and why is it interesting?

K: So in the world of remote viewing we constantly refer to the signal-line, which is basically the data stream of all the information, and that data-stream is always existing everywhere in time at all times. When we’re running a session we’re tapping into that signal-line and recording it to make use of it later. Now, from our best understanding of how this works, as someone from a physics background I hate to devolve constantly into this ‘oh it’s quantum universe and everything’s quantum related, and it’s quantum wave functions,’ but I really don’t have a better answer than that. Much like in the case of an electron around a hydrogen atom, there’s a probability wave function of where that electron is at any one point in time. You take a measurement to determine where it is, and before that you don’t know. It’s Schrodinger’s cat all over again, is the cat alive or dead you don’t know until you open the box and the poison dart or it doesn’t. The same thing here, the electron is either there or it’s not there. Now, there interesting thing in quantum mechanics is that even if you determine the position of where something is you have no idea of the momentum of the particle at the same time. That’s a correlation coming from the Heisenberg uncertainty principle. There’s just limits to how much information you can get on something. So, by the same token in the markets, people will say the future’s not determined, but really that’s not true. We’ve seen plenty of evidence where indeed you can determine what the outcome of a future event is. Now, not always, because sometimes there’s just something out there in the future that won’t resolve, you can’t collapse the wave function. You can’t get the position so you just get some momentum instead. We don’t know exactly why that is. We think we’ve developed a process where we’re getting pretty good about having a good idea of the position and the future momentum coming down – maybe say it’s like taking a number of position points in the future. So you don’t know exactly know what the momentum is but you can kind of figure it out. Maybe that’s a little better way of saying what we’re doing, but it’s almost as if we’re looking past an event horizon that doesn’t exist, or the event horizon exists but it just hasn’t come into view yet and we can’t get the data. In that case, you just have to wait until the singularity approaches and the event passes, and everything coalesces and then wave functions collapse normally again. Even in quantum mechanics if you measure the location of the electron now it doesn’t mean it’s going to be in that exact same place five minutes from now or even a micro-second from now, and you’ve got to do another measurement then. If you interested in learning more about that, one of my references was
Quantum Physics of Atoms, Molecules, Solids, Nuclei, and Particles by Robert Eisberg and Robert Resnick, where they do a fairly good treatment of Heisenberg uncertainty principles and the limitations of it. Us collapsing the wave function has been the impetus for the signal-interrupt. 

07:02 Brett: With that I think we should move over to our first headline topic for the show, which is the Bitcoin USD currency pair. K why don’t you give us a brief backdrop on why this was important to look at on this show based on what we looked at last time.

K: Last time we covered the Ethereum Bitcoin cross, and we had a strong divergence towards the long side for that and we gave the synthetic trade of long Ethereum versus the USD and short Bitcoin versus the USD, but that can be a little dangerous because we don’t have a basis for how that cross plays out. So we spent a little extra time looking into it in more detail of Bitcoin versus the US dollar. We looked at a couple of different time frames, 45 days and 90 days, and for the most part on the shorter-term time frames there’s a lot of stagnation. Maybe there’s a couple of area where you could have some degradation of the market and then a rebuilding for most of those loses, so it might turn out to break even. But in the longer term that decay accelerates probably 60 days out or so to the downside. We don’t have a good grasp on how big the magnitude of that drop is, but it’s certainly on the short side. You probably have 30 days before you could initiate because it’s going to be pretty flat, so you’ll just pull your hair out for awhile before the downward trend sets in, but that doesn’t mean there won’t be a slow depreciation over time of it, so it’s anyone’s guess in the short-term.

Brett: So you’re not real positive on Bitcoin over the next 3 months.

K: No, I don’t see a whole lot beyond the first 30 days to get excited about.

Brett: Right, and this is one of the things previously, when we looked at the Ethereum Bitcoin cross, and Ethereum looked good in relationship to the Bitcoin, but that didn’t necessarily mean Bitcoin was going to do poorly, just that we saw Ethereum looking good. But we wanted to do a follow-up to see whether or not is Ethereum looking good because Bitcoin is doing poorly. And it seems, and the severity, it doesn’t mean it’s not something we can’t look at in the future, but right now as far as the position is concerned, we’re not long on Bitcoin right now.

09:55 K: Right, no, certainly not. And the only other caveat is, and I hate doing this but, say if you were taking a look at a position of gold right now versus a whole basket of currencies. Really, gold is at or near all time highs on around 70 currencies around the globe right now – rubble, Australian dollar, all of the emerging market currencies, and really the only place it hasn’t gained a whole lot of traction, and I mean even the Yen it’s doing fantastically well, but the Euro and the Pound and the US Dollar. The Dollar’s been strengthening and everything else has been falling, so you really haven’t seen the appreciation there. It could be a little bit of that effect, so if you’re trading in another currency, at least over the next 45 days, you could still see an appreciations against the local currency, Bitcoin being the one appreciating before it tails off. US flat to down, other places flat to up for 30 to 45 days.

11:15 Brett: I think this is actually reflected in some recent news stories as well. Mainly around the US government shut-down. What just occurred the latest ETF proposal for Bitcoin to be traded on a stock index was withdrawn, and the primary reason is that there’s nobody home at the SEC to look at it. Skeptics believe that it may be longer than a year now for Bitcoin to end up traded on an ETF, which could potentially cause some issues. Now, Bitcoin hasn’t reacted to this yet, but it’s something to be paying attention to, because that’s a big positive that people were looking forward to if they could overcome some of the issues. One, which is custody of cryptocurrency on the ETF, who owns the Bitcoin if you trade it in that manner. And second, being able to show that manipulation isn’t too big of a risk, which, if anyone is familiar with Bitcoin or just cryptos in general, it raises a number of eye-brows with regulators and has for a very long time. So, something to consider. 

12:23 Probably, the significant news story as far as outlook is concerned comes from Davos, which is just this past weekend. You have top investors in block-chain technology from brokerage firms to investment firms like BCG Digital Ventures, large investors in block-chain, where they are not bullish on Bitcoin at all. You have brokerage firms saying that based on the 21-day moving average means, that because it hasn’t broken through this $3500 level that they’re seeing it potentially dropping down to the #3100 level, putting that back on the map. And then you have this large BCD Digital Ventures, the founder of that firm who’s invested a substantial amount of money into block-chain technology made this statement at Davos over the weekend, that he believes that Bitcoin will ultimately go to zero. He thinks it’s a great technology, but he doesn’t believe it’s a currency because it’s not based on anything. It’s what the skeptics have been saying forever. You would think that people who were in the crypto industry would be more bullish on it, but it seems that’s not the case at Davos at the moment.

K: I think the Davos article you just quoted is on the verge of being a little absurd. Sure, Bitcoin could go to zero because it’s not based on anything, but so are fiat currencies. You need not look further than Maduro’s Venezuela, which used to be a great country with a thriving economy, they had everything going for them. An educated popular, great natural resources, and they went down the socialist route and now they have nothing. People use the currency for toilet paper. Trade has devolved back into the barter system at this point. So, sure Bitcoin’s based on nothing but so are fiat currencies, and there’s not too much more extrapolation to someone eventually calling the checks on the US treasury, and then we could be in a similar situation. So, I don’t know, hyperbole I would say.

14:48 Brett: You have the same hyperbole with JP Morgan just releasing a pretty big Crypto Report January 25th, but I think they released it on Wednesday where they had some interesting analysis on the mining aspect of Bitcoin where they’re numbers were putting to create one Bitcoin globally it costs approximately $4000 US dollars, but the value of Bitcoin is only $3600. So, they see that as potentially spiraling downward because if miners aren’t making money they’re going to turn their rigs off, and if they turn their rigs off ultimately the only game in town will be China. China miners can according to their research produce Bitcoin for $2400 US dollars, because they’ve made deals with electricity producers over there, which isn’t available other places in the world.

K: You get into situations like a few weeks ago with a 51% heist of Ethereum Classic, when the original developers went and quit. And I guess to the point of now, being contrarian to the previous position, this BCG Digital Ventures founder, I mean he’s right that if everything is status quo as it is today, all things being equal, sure Bitcoin could go to zero. But that’s so flawed with basic macro economic theory and market reaction. If something is going to go down, it’s the exact same thing you’re going to see with Ethereum and these new hard forks. It gets too expensive to mine, nobody wants to do it, so what happens. All the miners get together and come up with a solution to the problem and the existence is perpetuated for another time. Whereas his viewpoint is, well, the way it is today it’s not going to last and it’s going to go to zero. OK, but everything always changes, there’s always some new innovation or some new change, or maybe they go proof-of-work, don’t know, they could, they could make a change. And if they do then he’s going to be wrong. So it’s just hard to say that, because it’s not the same as mismanaging a company into the ground like GE or PG&E, there’s plenty of examples out there. This isn’t quite the same.

Brett: Well there’s obviously an agenda too right. There’s an agenda that JP Morgan like has to perpetuate a position out there, which has mostly been negative on Bitcoin, so they view it as if Bitcoin is in a vacuum, and it will always be the way it is now and therefore it will go to zero because of that. Even though we’re not necessarily long on Bitcoin right now, doesn’t mean that it’s short into the grave, right?

K: Point and counter point

17:59 Brett: Well, that covers our Bitcoin analysis, our forecasts, and what’s been going on in the news in case you haven’t been following it too closely here, and just rapid fire at the end of the show, K, is there anything else that you’re looking at right now?

K: One of my favorites, and maybe I should have mentioned that earlier, was Litecoin versus on-shore Yuan. I’ve certainly traded that in the past, and been looking again recently. It kind of looks like a whip-saw for the next 45 days or so before you really start to get some traction higher. I don’t really see a whole lot of downward momentum even in the shorter term, but there’s something not right about it, there’s some uncertainty that’s going on in relation to cryptos that has everything stagnant for awhile. I’m not really interested in throwing a long on right now unless you see a steep temporary pull-back and then it might be wise to throw a small position on and let the appreciation happen, but you’ve got a little time before you really have to make that move. There could be a small pull-back before it’s the best time to get in so, it’s something to watch.

Brett: And I think it’s good to mention here now that in the near future we plan on doing an episode that will be exclusive on the website for download. It won’t be on the normal feed, which is a long-term projection, up to a year on Bitcoin Cash, and we have a couple of thoughts on why we believe that’s an important one to look at based on the historical moves and where our remote viewing data is seeing it move forward over the next 12 months.

K: Given what we know now about Bitcoin USD it would be very interesting, and I’m sure a lot of people would love to know what’s going to happen to the little brother Bitcoin Cash. So, I think that report will be well received.

Brett: So that’s coming up in the near future. Out show, in this episode and our episode before we’re mostly looking position, but another thing we plan on released in the near future is a much more in-depth and detailed analysis on a couple of market pairings, both in crypto and the traditional markets where we have some pretty unique remote viewing tools that have been developed that we’ll begin sharing in a slightly different format.

And so with that, that will conclude the show. I’m Brett Stuart, my co-host Viewer K. We will see you on the next podcast, the Signal Interrupt. Take care.

K: So long everyone.

Show Notes

  • 02:09 What is Signal Interrupt?
  • 07:02 Bitcoin RV Forecast
  • 11:15 Industry Leaders On Bitcoin's Future
  • 14:48 Current Bitcoin Mining Costs
  • 17:59 Rapid Fire: LTCCNY - Litecoin / Onshore Yuan

1 comment

  1. Kevin says:

    Interesting work. Please keep at it, there are listeners! Have you guys seen the Clif High’s BTCUSD chart he published on Twitter a while back? https://twitter.com/clif_high/status/1071472034243211264

    Seems to correlate well with BTC movement plus the weather. I wonder if Clif’s linguistic filtering is just another method of remote viewing? All this is stuff is so fascinating!

    Thanks

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