nah, the "gurus" don't become successful by falling into a trap and being emotional about it. they become what they are today by making good decisions while showing a different face to the public! for example they tell others to sell while they are buying, and they tell others to buy while they are selling!
or in this case tell others to buy because his company is failing and has lost a couple of hundred million dollars.

maybe some good news in 2013 contributed to the rise and also the trend of that time was a rising one but the main reason for the 2013 bubble was the fake pump of Mt Gox! and there is no good news there.

as for this year we are at the end of a downtrend and you can't expect the price to just reverse up. this is not a ball that you bounced off the ground! it need to stay at the bottom a little and be "accumulated" before reversing up.

since you love memes so much i made you one from scratch to describe what you call "dominance" really looks like:



back in 2010 we had bitcoin and we had other altcoins which were trying to DO something and we had occasional shitcoin here and there. what you call "dominance" was the market cap which was 95%.
in 2018 we have bitcoin which has grown a lot but we also have a lot of shitcoins, most of which are a big pile of shit only because they have a huge supply which makes their market cap big. this also decreases the market cap share of bitcoin making the percentage (which you refer to as dominance) smaller. they also are hiding (burying) any good altcoin that may exist under their pump and dump crap!

we can start by making things easy for the users so that adoption takes place smoother. for example when a merchant wants to accept bitcoin payments if there is a simple user friendly program to install and be able to start accepting bitcoin then it is going to be a lot easier for him compared to if there were only one wallet not capable of doing that for him and if he was forced to pay a programmer to set it up for him!

i am afraid that this will eventually happen no matter how much we despise it. many people still want it to happen! i believe it is because they are too used to the centralized authority of banks and only want bitcoin for the profit making purposes which is also why many are still excited about things like ETF!

when it comes to financial matters the only person whom you should trust is your own self. but the problems has always been that not everyone can be a financial expert or even have minimal knowledge which makes things very difficult when it comes to making financial decisions.
those who are seemingly giving advice are abusing this lack of knowledge to their own advantage by misleading others.

well it has been very viable for nearly 10 years now and it is only growing as we move forward. why do you think it is not?
yes, bitcoin and the way decentralization works may not be the perfect thing that satisfies EVERYONE but it definitely solves a lot of issues that do exist in the current centralized system that we are using. you give up certain things for other benefits. all the works that are being done aim to reduce the trade offs.

yeah, maybe. bitcoin being replaced by something better some day is a possibility but the reason for it is not what you said.
for example what you are posting here has nothing to do with "dominance" of bitcoin. what that number and the percentage with it shows is the fact that the cryoptocurrency market is flooded by a lot of shitcoins. if you throw a diamond in a pile of dog shit, that doesn't mean the value of that diamond goes down, and it doesn't increase the value of that dog shit. everything keeps its own value!

as for volume, bitcoin is still the dominating volume which also keeps the same level unlike altcoins which go up during their pump and dumps and then fall to nothingness afterwards.

maybe someday but i believe we are very far a way from that day.
we already have bitcoin, which is the decentralized currency that you can use for purchases. then we also have openbazaar which is the decentralized marketplace for people to buy and sell anything they want in a decentralized manner. but neither of them are mass adopted, not to mention that usage of them is not easy specially openbazzar. and that is a big obstacle that we need to overcome before wanting to see it replace big corporation giants such as Amazon.

using charts is good and it works fine but as long as you are not expecting miracles out of them! and more importantly is that if you are actually using them correctly.
for example in this case you are using the price chart with difficulty chart. and there is no relationship between them in the way you think there is. the price doesn't rise based on difficulty. the difficulty rises based on  the price.
and you can clearly see this on the charts. if you end up using what you described here, you will be left out of the rise because you expect it to happen based on difficulty but as you clearly see on that chart price went up first and a lot without  difficulty changing at all for a while.

it is because whenever there is a rise going on people make a lot more noise than usual and that noise even reaches TV. and that is one of the many reasons why bubbles such as $20k shape up and also why there was a lot of newbies in bitcoin because of it which crashed the market to this level.

there will be rises in 2019 and some of these rises may become big enough to break the resistance and set a new all time high but it will not be because of some "institutional FOMO" as this guy thinks but because of the natural adoption of bitcoin that can not be stopped.
not to mention that most probably any kind of "institutional investment" would happen through different channels using derivatives,... which won't even affect bitcoin price!

no idiot in the world uses an ICO to move their money around. that is just too risky and the risk is not just about the price of it getting dumped. that dump is obvious. the bigger risk is the bugs that ICOs can have which can lead to loss of funds. in other words you can lose all you own in a blinking of an eye to a bug!

it is all about the usability of bitcoin that makes it the "king coin"! otherwise if other altcoins had half the usability of bitcoin and were half as secure then they would have gained some popularity.
but so far people find out about bitcoin and invest in it. then they are exposed to altcoins as there is a lot of advertisement.

no it is not hard at all and there are many who are doing it. and their success rate is 100%. but the important thing is to know that if someone is that good in trading then they will not waste their time making youtube videos!
so to answer OP's question, no that person is a fraud and he isn't even close to 90% accuracy. if he was an expert he would be buying coins not selling advice!

you are completely wrong because first of all you think there is a difference between an altcoin that is "on top" and an altcoin that isn't! the fact is they are all the same, the only difference that the coin "on top" has is that it was advertised more and it has more newbies which means it can only have smaller pumps while other coins can have bigger pumps other than that they all get pumped and dumped.

secondly technical analysis and forex have nothing to do with the cryptocurrency market specifically the altcoin market. knowing that and trying to trade here is like learning how to ride a bike then try to use that to fly an airplane! they are two completely different things. Forex is a more logical market with little to no manipulation so you can use TA in it but altcoins are illogical pump and dumps that are only moving with manipulation and no amount of TA ever works for them.

there are a lot of things wrong with this statement!
first of all this is not a "peculiar" thing at all. this is a normal trend that happens in anything that is similar to bitcoin. for instance take Apple (the company). at first there was slow rise where "smart money" was being invested in it without anybody knowing. then the rises began and when the peaks was reached and Apple was popular everyone else came.

but the biggest mistake in this statement is that it is confusing two different things: the short term rise and falls with the long term overall rise and adoption.
the "rise and repeat" that this is describing is a rise and fall of the market on the way to that top mass adopted stage. but it is using attributes that belongs to the mass adoption stage for example the bold part about "everyone starts buying bitcoin" which is clearly wrong.
you can see during 2017 we had a bubble but there was no "everyone, or grandmas" buying bitcoin. it was a temporary short term rise and fall which is ignored when you look at the big picture.

and now we are still on the same rising trend and in the early stages when people still don't even know about bitcoin and only the "wise money" is coming in. we have not even reached the "buying frenzy"... these big rises that happen are not because of "buying frenzy" or "media coverage" or "grandams" it is because the market is small and the exchanges have thin orderbooks.

you are only making an emotional post here which i am willing to bet is because you have invested in a bunch of altcoins that you thought were going to go to the moon but failed to do so since they were in fact pump and dumps!


1. if you want a centralized payment system then why do you even bother with cryptocurrencies? you have much better options such as Visa and Paypal,... you should use them instead of bothering with masternode centralization.

2. i have not really gotten into DAG coins but based on small research i have done i find them pretty interesting and i agree that they have good potentials but a coin like NANO doesn't seem the safest option in my opinion. not to mention that this coin is 100% premined and had a terrible distribution. also a huge supply. you can't expect any meaningful rise out of this coin.

3. i have yet to see a real project!

4. there is no AI chains. there is a lot of altcoins and lots of ICOs that use the buzzword of Artificial Intelligence but they don't have anything remotely close to it.

for what it's worth, not being bullish doesn't automatically make you bearish.
in fact being bearish now is dumber than being bullish! the bear market has been over for a very long time now and anybody who is bearish is only late to the party...
for now we are in a new trend called "transition". it may not be as glamorous as bull and bear but it is a thing.

that is not a reason for other companies for not entering the market. as there currently are thousands of different products that are being created by other companies in other countries although there are competition in China.
and not to mention that this is not my assumption, this was about those companies that actually claimed they wanted to start production! so they must have known something and had plans on making profit in this market that they begin their work.