When will the next Bitcoin/Altcoin rally start

DannyElfman

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Quote from: vuduchyld on August 05, 2014, 08:08:37 PM

That is a great site. I use it a lot. But without history, it is hard to compare my portfolio over, say, 7 days or 30 days. I don't remember what the market cap was this morning, much less what it was on, say, July 8th, when I opened several positions.

I am sure there is a site that tracks all those stats. Just need to search for it.

vuduchyld

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Activity: 364

Merit: 250

That is a great site. I use it a lot. But without history, it is hard to compare my portfolio over, say, 7 days or 30 days. I don't remember what the market cap was this morning, much less what it was on, say, July 8th, when I opened several positions.

DannyElfman

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Merit: 250

Quote from: vuduchyld on August 05, 2014, 07:46:08 PM

Just curious...how would we know it there was a rally in altcoins? Seems like we all judge for ourselves based on the coins we own. But with 900+ coins, there isn't anything of which I am aware that gives a wide look at the total market. Maybe my portfolio is awesome compared to the market. Maybe I am leaving opportunity on the table.

I have 6 indexes of my own creation that I have created that I am trying to track and test, but I am limited by a lack of historical info. It is really pissing me off that I can't find anything suitable.

I found something called the DAC500 that purports to be an index, but
1) it only seems to update once every 24 hours, and
2) the index is 95% weighted to just bitcoin, litecoin, and ripple (which I really don't get why ripple is as high as it is) which basically makes it fairly useless. Might as well just track the BTC price.

Also found something called UltraCoin Cryptocurrency Index, but it hasn't updated in months and BTC is heavily weighted.

How do you gauge the market?

You can probally tell a Bitcoin rally by an increased Bitcoin market cap.
You can probally tell a Altcoin rally by an increased overall altcoin market cap.

Both infos can be found on coinmarketcap.com

vuduchyld

sr. member

Activity: 364

Merit: 250

Just curious...how would we know it there was a rally in altcoins? Seems like we all judge for ourselves based on the coins we own. But with 900+ coins, there isn't anything of which I am aware that gives a wide look at the total market. Maybe my portfolio is awesome compared to the market. Maybe I am leaving opportunity on the table.

I have 6 indexes of my own creation that I have created that I am trying to track and test, but I am limited by a lack of historical info. It is really pissing me off that I can't find anything suitable.

I found something called the DAC500 that purports to be an index, but
1) it only seems to update once every 24 hours, and
2) the index is 95% weighted to just bitcoin, litecoin, and ripple (which I really don't get why ripple is as high as it is) which basically makes it fairly useless. Might as well just track the BTC price.

Also found something called UltraCoin Cryptocurrency Index, but it hasn't updated in months and BTC is heavily weighted.

How do you gauge the market?

DannyElfman

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Activity: 406

Merit: 250

At this moment, no matter how good the news seem the price doesn't move, or atleast not upwards. So amazon news would probably crash the price down to 500 $ :p

Lauda

legendary

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Terminated.

You can't really know this, it is rather all just speculation. It could come any month. If we suddenly get hit by good news it just might (Google/Amazon accepting BTC maybe, ETF).

randayh

sr. member

Activity: 386

Merit: 250

Any guesses on what month the rally will start?

Topic: When will the next Bitcoin/Altcoin rally start (Read 842 times)