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Well well well
Its really hard to say that if bull market is coming without much market retracement and testing on significant price level
However, judging from the trading volume burst, we can see that there's a huge interest there
Kindly check out that we are at $78B volume right now!
The previous peak trading volume were at $70B and marketcap is at $800B
So you know that the market interest is there and much more mature this time imo
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Well, used only the official and genuine exchange
We have tons of the exchange but only few one are realiable and genuine. (But even good exchanges like Binance had weird coins in their listing which causes people to have doubt in their exchange)
The method of crowdfunding doesn't really do much if every investors perform their own research instead of just investing on something just because it has a better fame or etc
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 Well, one thing to note out that is kinda positive here is that the candle closed well above the 200EMA However, don't expect the price to keep growing nonstop We will soon have a retracement to pull back the price abit as you can see on the circle The RSI is currently oversold there and even up to the 86 level. Anyhow, several entry that one can position would be #1 -$4,700 (200EMA as support) - Not really recommended Although moving average are often used as a support/resistance to decide on position but as we had only 1 daily candle which breaks off the 200EMA line, but no retracement or sort to proof that it is a strong support level for entry. Thus #2 -$4,200~$4,300 (100EMA as support, Previous Daily Resistance level since December of 2018) This entry level, is kinda a very good entry level if you were to ask me. It tried at least 3 time before it broke out the level with a huge green candle yesterday Your stop loss would be around $3,400~3,800, depends on how much you would risk. But $3,400 seems like a safe level imo Anyhow, position your entry well and good luck! |
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Having accumulated bitcoin once it dropped under $3000 from late november until early March, I've now switched over to diversifying out with an altcoin spread. I picked up 15 altcoins last week, will continue buying for the next couple months probably.
I might add a few coins, but what do you think of my altcoin spread. Note that I already own a lot of BTC, a good amount of ETH, and a little BCH and LTC and DOGE. I don't plan on buying more of those coins.
XRP
EOS
Stellar
Binance coin
XMR
LINK
HOT
WAVES
BAT
Vechain
ADA
ONT
Tron
Zcash
ZIL
I will add to my allotments in all of those. I was also thinking about picking up some:
Tezos
OMG
Lisk
Maker
Decred
ENJ
DASH
STEEM
What do you think? I don't pay much attention to altcoins so I haven't done much research on plenty of these. Or there are coins I've known a little bit about for a while but never done dedicated research on. Just really trying to get a good diversified portfolio of altcoins for the next bull run to go along with my Bitcoin dominated coin holdings.
Sidenote:
I feel like EOS is the coin I think could gain the most out of those. I could see the next bull run taking it over 200 billion market cap (I could see xrp, eth, and eos at the next peak all getting to around the market cap bitcoin had on the last peak >250 billion). But then i just started doing research on it and saw it was designed to be centralized, and the founder even seems to reject decentralization which is pretty dumb. I mostly think its gonna go crazy cuz I see that right now it is destroying ETH in terms of usage of dapps, so i'm wondering if its gonna take the dapp lead from ETH during the next bull run.
Anyway, any thoughts or comments would be great! Thanks
Great your position is kinda diversified and it is mostly on the major altcoins instead of those randomly fake bad coin Diversify is always good if you wanted to mitigate risk and have a balance portfolio You have coins like EOS, BNB, Tron, ONT, ADA, BAT and i wouldn't say these coin are perfectly fine as a project but in the long run, it can balanced out your portfolio for good gains if the market goes bullish! Good luck! |
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Well it really depends on what coins you like there
If you are investing on coins that are built on top of the Ethereum blockchain
Definitely you could have a position in Ethereum but not 100% of course
This is because if one coin is built on top of Ethereum chain, if the coin has use cases and it help circulates and work on the Ethereum chain, it proves Ethereum is a good blockchain that could function right?
Thus, still depends on which coins you are looking at
On my side, i would always have some ETH in my portfolio because most crypto now still pair against ETH, aside from BTC/USDT
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It's been a long day bitcoin price never really improve and the spike today is tremendous
It causes people to dump altcoin definitely because its was different type of altcoin which got pumped in the past few weeks
However, Bitcoin is just back to 51.8% dominancy
Seems like its kinda a 50/50 market share of Btc vs altcoin there
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Its any good news thats can move market like this? any valid info out there or its just pump by whales? wanna see more pump..go go go
Well the pump was started off by one big pump in Binance from what i've read on the news The total volume of BTC for the entire pump is less than 1,000 BTC Thus, let's see how market will react these few days  |
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 So there in the past hour, we had a really big price movement there We were hovering at the 50 EMA and 100 EMA line in the last few daily session, no one really know where the market moves and everyone is uncertain However, the price progressed! We not only breached the 100EMA, we also broked the 200EMA Line! The volume is too huge that make the price pierce through everything. Then, the volume today are also above the average trading volume! However, few things to note #1) Price is currently Kinda Oversold there, we are at 80 Oversold at a daily chart #2) Just because the price pierce through all the indicators that we are looking at, it doesn't mean the price will rebound 100% The 50 and 100 Moving average is still below the 200 Moving average Hence, kindly take note if you are looking to trade and open any positions Crypto market is volatile there! Good luck |
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Well they are not direct competitor
Despite Binance has most of the exchange volume and etc
But i guess in terms of price action, both would likely move together
If binance coin goes up, it also means that the crypto trading is there where it pushes the market to believe more in the crypto market
If people believe more in the market, everything that is genuine related to the ecosystem would get benefit too
For Eg : Ethereum, EOS and so
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Gotta wait for the major coins to jump first before the Altcoin moves
Well if you consider ICX as an altcoin, i believe its just the matter of time it will get move
It is currently hovering around the 200 Moving Average line
Once it get up, the next target is almost 50% of the current price
It has so much growth space in terms of price
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Many of us prefer to hold multiple kind of coins. What do you prefer: holding it in a sigle kind of wallet or have it on a different kind of wallet? Personally, I prefer to store in an opensource multi wallet that support all my preferred coin and even ERC20 token, its the only opensource multiwallet available called Hodler and so far I find it good. Do you think, this is really good idea?  Well, as long as one wallet is verified and proven safe to use, you can go ahead but i am still skeptical towards all these wallet which is why i only store my priv key myself and hold the coins myself. Aside from that, I have a Nano Ledger which stored portion of the coins, and another portion in Binance. (Binance is big, they are not hack proof but at least if they are hacked, i believe user will get compensate imo) Anyhow, Hardware wallet might be still the best. But never hold everything on one platform/device, spreading and diversify seems the safest choice after all |
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The image seems bias for me lul but comparisons are always like that unless it is based on someone who are in general
Anyhow, saying Ethereum has slow transaction speed sounds weird imo
I mean before all of these Blockchain 2.0, 3.0 came out, Ethereum were the first coin that are programmed with smart contracts available and its transaction speed is merely 15 second +- per block compare to Bitcoin 15 minutes
I know it shouldn't be compare like that because the architecture of blockchain is different but saying Ethereum has a slow transaction speed is kinda weird there
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I think the purpose of stable coin is mainly for hedging purpose
Do we need more? No
But we do need a more transparent stable coin with great policies to protect investors
Is USDT good? imo no, from most of the news i read, seems like their coin is not backed by enough of real USD
One of the good stablecoin i seen recently shall be TrueUSD
It seems to offer more transparency
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Agree with Quantstamp
I am a QSP believer
I mean auditing smart contract is crucial to find out what is wrong with the contract and also bugs fixing is important
Anyhow, i think one shouldn't really look at Crypto price instead of the whole marketcap
I mean some coin is $0.01 with 1B supply, some is $1 but with only 10M supply
But both are actually same in terms of value
Don't look at the individual coin price but the whole thing
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Well, NOW, should be the time to buy ADA.
Based on the technical trend
Current ADA/BTC price
Entry price: 1500 satoshi
Stop loss: 1200 satoshi
Take profit
#1 : 1900 satoshi
#2 : 2500 satoshi
Seems like a great risk reward there
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How do you choose altcoin in the current conditions, when you want to invest in cryptocurrency? Do you see the price or popularity? Share your suggestions and I will appreciate it. Thank you for your comments, success is always for us all.
Well, based on current conditions, i will invest if the altcoin had good fundamental (Working application, Feasible Business operation) I will normally evade those ICO which is way too fancy like p2p car sharing blockchain. Not saying that they can't succeed, but its hard and risky |
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Well certainly is a yes if we were to compare to 2018, but not if we were to compare to 2017
2017 is a massive bullrun
while 2018 is a crazy bear crash
Recovering of BTC to 5k is consider a very great improvement if we were to compare to 2018
BTC was once drop to $3,300 in 2018
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Dont think so
Crypto to crypto transaction is not taxable but crypto to fiat is if not mistaken
But it really depends on your country tho
Anyhow Crypto taxing has different rules and regulations in different continent
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Well it is never late to buy BNB if you believe that it could always be the best exchange over the next few year
You can buy it
Binance is doing just good, at least better than TRON imo LMAO
TRON is just a massively news pumped coin (Not saying that TRON is not good)
But binance seems to be more viable as a choice of investment
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ETH
I would likely go ETH
I am not really oppose TRON but seems like most crypto enthusiastic doesn't like the idea of TRON
It was accused a whitepaper copy paste iirc
I would rather buy EOS than TRON there
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