Topic: My Speculation Thread (Charts and Analysis Included ;)) - page 5. (Read 22374 times)

LTC/BTC:  This Pump Could Bring More Bad Than Good



Check the chart out.  It wouldn't be surprising to me if this comes back down to .004 to .0045 BTC.  We have seen this happen a lot of times with altcoins, especially the scammy ones.  This type of pump could be a one day affair by the ones responsible for it imho.  Especially if it doesn't cause enough fish to follow the pump.  For LTC, I would rather see a slow trending rise.  I want this to become a long term kind of investment and not a cryptocurrency that's always being pumped time and time again for short term profits.

this is what happens:
stage 1
the dump begins, whales start to cash out and other traders who are wise enough will do the same by selling their coins that they are holding.
in this stage the market is still in its previous upward trend hype, so the orderbook is still packed with "buy" orders that will provide a good initial opportunity to dump as much as you like without the price going down much. because there are still traders caught up in the previous hype who were trying to buy a tiny bit lower than market price and sell higher for profit.
stage 2
after the initial dump and people slowly realizing what is happening and those previous "buy" orders who can't sell higher because price is now lower than where they bought at, they also start getting out due to their stop loss. and the chain of events creates bigger dumps. and in this stage most people know the dump is taking place so they remove all their orders and in the end the "buy" orderbook is no longer packed and it is much easier to go down.
stage 3
it is a combination of smooth and fast going down and multiple jumping back ups AKA dead cat bounces. and this finally leads to a price much lower than the high price it started with but not the same low as it started at.
(some price in between but closer to bottom)

this is an easy representation of the orderbook drawn in paint
up is before reality kicks in and down is when it does.

The alts are falling!  But here's a question for all of you.  Is this the anticipated bubble pop that each butthurt person who missed their trades are waiting for?  Or is this a mere correction that has the altcoin holders sweating but still knows the party continues?

I'm on the side of the latter.  If some of you missed some trades due to second guessing, buying in now is an opportunity in getting in cheaper.  If you're unsure which alt to buy, go for the safe bet:  ETC.

LTC/BTC:  The Bitcoin Civil War and the Search for Shelter



All the drama in Bitcoin is getting crazy right now.  BU is gaining ground and the rule of Core might come to an end by first quarter of 2018 (Ok, that's highly doubtful.  Just saying that for suspense value for the thread. Lol.).  With all the craziness taking place it might be good to bet heavy on a stable altcoin.  My advice:  Go for Litecoin.

Bingo!  ETC is moving!  Now let's see how long this will last.  I have noticed that altcoin trends don't last as long as they did two or three years ago.  Maybe this is because the market doesn't have that many newbies anymore...?  Another reason could be because the market is more cautious and don't buy the idea that altcoins will replace Bitcoin as much as it used to.  I'm sure most of you were or maybe are still a victim of that kind of thinking.

I was just thinking about investing into ETC this morning, I think on long term basis, I see ETC hitting $10, I don't know when but that is how crypto money moves.

ETC/BTC:  Safe to Buy Now?



This could be a safe time to buy ETC right now.  The price is near the all time bottom (as ETC, exclude the price before the fork) and its fiat value seems stable enough to justify a buy.  What do you guys think?  Will ETC follow ETH in making over a billion USD market cap?  I think it can considering all the development being done and more development planned for the future.  Some might argue it's 'undervalued' right now.

I think I pass.  Lol.  Starting the name itself doesn't attract me one bit.  After looking around online, I think I found one decent project that might reap dividends in the future if I invest now.  ETC.  They have some good developers behind it, Barry Silbert looks to be in it for the long haul and so is Hoskinson. 

What do you guys think?

Long term most alts have no future. Some of them found their niches (banking,gambling,darknet) and such altcoins may survive.
Ask yourself, how will our financial system look like in a 100 years? I find it unlikely there will be thousands of different coins that are not bound to a country. Having one currency (be it BTC or something else) is vastly superior.

Don't listen to anyone on internet 

I live you a link here, explaining why it is not good to invest in any alts (just trade them):

kazonomics.com/the-truth-of-btc-episode-3-the-invisible-hand-of-belarus/

TL;DR BTC

Byteball. Not an investment advice though 

True.  I have been looking for a couple of altcoins to invest this time.  I usually follow the trend after a breakout and then let it go if that trend ends.  This time I'm looking for a long term hold.  Something with a lot of good potential, a good core of developers, nice community, undervalued and preferably supported by some of the whales of the Bitcoin scene.  If you have an idea what that coin may be, post away.  

Looks like it may bottom here simply.

alt have been crushed except a very few.

When new investors are entering into crypto world, typically they are being advised to invest like 50-50 or say 80-20 percents into bitcoins - altcoins. I believe new people are starting come in adopting cryptocurrecnies, that is the reason we are seeing all the coins are up surging.

When only some group of people (like Chinese traders in recent times) pump bitcoin prices, just to maintain the equivalent dollar value altcoin prices are finding downfall in terms of satoshi. In those times, we do get higher bitcoin prices and significantly higher altcoin prices.

Topping gold prices must be a great achievement by bitcoin, hence it is becoming a hot investment among all types of investors world wide. Now we can expect exponential appreciations for bitcoin prices and interestingly this time along with altcoins.    

Damn, I got stopped out on both of my XMR and REP shorts.  I think something interesting is happening here.  Despite BTC's price surge the alts are going up as well.  Usually what happens is the alts go in reverse and falls in Bitcoin value right?  Well not this time.  Are we starting to see the great cryptocurrency bull run happen?

Please post your thoughts.

REP/XBT:  Another Victim of the Strength of Bitcoin.  And is Augur Vaporware?



Here's another possible short opportunity for all of you.  The maintained strength of Bitcoin has again claimed another victim.  I see at least one person here claiming that altcoins are about to 'explode'.  Really?  Not when the king keeps this solid uptrend going, no.  Sorry. 

I have stopped following Augur's development closely.  Does anybody know what's up with it and when is it launching its prediction market?  Things seem too quiet with them, except for one of their founding members having a breakdown on Twitter a couple of months ago.

Yeah, well it pays to gamble a bit.  And besides, I have placed a tight stop loss on this one just in case Bitcoin crashes after bumping on the recent high again (which in turn has the reverse effect on alts).  I would expect the PBOC to be the main culprit again.  Overall the China situation will cool down and it will be good for Bitcoin for the long term imo.

lower high needs lower lows.

XMR actually bounced against a strong support, i'd wait for a break before shorting that.

XMR/BTC:  The Time to Short is Now



Hello my fellow wannabe traders!  It's now time to take a look at XMR/BTC and look for a little short selling for fun and profit.  With BTC doing what it does best by being BTC, defying all odds, still climbing its way out of and above resistance, altcoins have no choice but to raise the red flag for now and must inevitably fall.  Although I admit I'm a little confused with the current set up as BTC's new climb could still be a bull trap.  Whether that's really the case or not, I don't know.  What I do is set my stop losses and go with the flow.

Anyway, look into getting some Monero shorts as this could continue to go down more.

ETC/BTC:  Long Way Down?

First of all, before I post the chart I want you to listen to this song to go with the though process I'm about to give you.

Goo Goo Dolls - Long Way Down
https://www.youtube.com/watch?v=2Mbx6tNjsl8





You're still listening to the song, right?  Do I need to say more?  After three lower highs what does that really tell you?  It's on it's way down, unless there'll be a manipulated pump happening soon or some breakthrough.  The former could happen the latter, not hoping so much.  Shorting this could reap in a small profit here.