My Speculation Thread (Charts and Analysis Included ;))

[tokeweed]

ETC/BTC:  A Continuation of the Pattern?



Let me ask you.  Does this look like a continuation of the pattern or is it finally the end of a good run?  I think it could follow the same pattern, albeit there's higher volatility.  The sudden rise and the sudden dumps show how irrational some traders seem, but the long term trend seems to be still intact.

What do you guys think?

[tokeweed]

ETC/BTC:  A Little Update



Well it's looking more and more like it was the right call.  I'm thinking about adding more buy orders but Chris de Rose is publishing an open letter to the SEC in an attempt to get their attention on what's going on primarily in Ethereum and the multimillion ICO's which are mostly ponzis (according to him).  I personally don't care.  I like to gamble in cards, sports, stocks and altcoins.  Why make an attempt to stop gambling using Bitcoins?  Isn't being able to do stuff outside of regulations one of BTC's uses?

[jane418]

ETC/BTC:  A Continuation of the Pattern?



Let me ask you.  Does this look like a continuation of the pattern or is it finally the end of a good run?  I think it could follow the same pattern, albeit there's higher volatility.  The sudden rise and the sudden dumps show how irrational some traders seem, but the long term trend seems to be still intact.

What do you guys think?

With the huge demand for ETH in ICOs, I think ETH may hit $500 this year and $1000 next year. Who can tell? Nobody has predicted the 20x growth since January.

[tokeweed]

Yeah, but what kind of demand are those ICO's getting?  It's all speculation and it's not gonna last for the long term.  But I do agree in the medium term of all the ICO craze continues, we'll see a higher ETH price.  Hell...  I'll go as far as saying that we'll see a 'flippening'.  Meaning ETH replacing BTC as king in market cap value.

[aventus]

ETC/BTC:  A Continuation of the Pattern?



Let me ask you.  Does this look like a continuation of the pattern or is it finally the end of a good run?  I think it could follow the same pattern, albeit there's higher volatility.  The sudden rise and the sudden dumps show how irrational some traders seem, but the long term trend seems to be still intact.

What do you guys think?

I do think these kind of repeated patterns are very scary. The more they occur, the less you will imagine they will reproduce once more. But in fact, they do!
That's the reason why I don't like them. But honestly, you must buy. you can't ignore the reproductive pattern.

[TravelMug]

Yeah, but what kind of demand are those ICO's getting?  It's all speculation and it's not gonna last for the long term.  But I do agree in the medium term of all the ICO craze continues, we'll see a higher ETH price.  Hell...  I'll go as far as saying that we'll see a 'flippening'.  Meaning ETH replacing BTC as king in market cap value.

Oh yeah, ICO's lately are also listing ETH as one of the coins the investors can used so we can't take that away from ETH. So I think the future for ETH looks good. Can it sustain its price. I think it will as long as the demand is there. They say that market cap is nothing, but for me it is a indication that a lot of investors are putting there money on ETH and soon can replace btc as market cap king.

[tokeweed]

Yeah, but what kind of demand are those ICO's getting?  It's all speculation and it's not gonna last for the long term.  But I do agree in the medium term of all the ICO craze continues, we'll see a higher ETH price.  Hell...  I'll go as far as saying that we'll see a 'flippening'.  Meaning ETH replacing BTC as king in market cap value.

Oh yeah, ICO's lately are also listing ETH as one of the coins the investors can used so we can't take that away from ETH. So I think the future for ETH looks good. Can it sustain its price. I think it will as long as the demand is there. They say that market cap is nothing, but for me it is a indication that a lot of investors are putting there money on ETH and soon can replace btc as market cap king.

As long as there's demand, yes.  But how long will the demand last for these ICO's?  Sooner or later the market will, for sure, get saturated and there won't be enough money getting in to sustain these high prices in the market.  We have seen this happen in all types of markets.  The Dotcom Bubble, the Housing Bubble, the Tulip Mania, etc...  They all end up crashing.

[tokeweed]

ETC/BTC:  Looking for Something to Buy and Hold When Everything is Overvalued?



First of all, yes this is a shill.  

But in my defense I wouldn't be 'hyping' anything if I didn't think that there's a chance that something is a good investment.  But then again, caveat emptor.  I'm also learning as I go here just like everybody else.

Anyway, ETC...  Notice the pattern repeating itself.  A dip from the highs followed by a period of low volatility (which is a perfect time to get in btw), then followed by an extreme rise to new highs.  This makes me believe that there's a whale accumulating it and he could be coming in again anytime now.  So if you are looking for a good window to get in, this is the time.

Edit:  THIS IS IMPORTANT.  If you want to get in and you have a good amount of BTC to move the price, DON'T USE MARKET ORDERS.  The whales hate it when somebody else disrupts their 'play'.  They'll end up dumping on you making the price lower than what you bought them for.  It's better to make some bids and be patient.

[tokeweed]

What did I tell you?  There were some traders getting impatient and tried to buy ETC up.  Right after the next day some ETC whale dumped on them. 

It's better to make your bids than buy on market.  Be patient.

[aletheia]

Subscribed

[tokeweed]

Subscribed

Lol.  Thanks.  But do remember that I'm not a professional trader and everything I post here shouldn't be taken as investment and trading advice.  Trading is a very risky endeavor and you could lose your shirt doing this.  So be careful.

[tokeweed]

LTC/BTC:  Earned Much?  Got Nowhere to Go?  Well Come on Dooown!



There are times in a bull market when you've already made some of your profit, have gotten in and out of a few trades and you have no idea what to do next. 

'Do I stay put?  Do I risk more?' 

These are the common questions a person tend to ask him or herself because he/she knows there's something good out there, but the problem is 'what?'  The answer (for me at least) is to switch gears (lower) and look for coins that have been off their peaks but have been stable for a while.  Meaning look for sideways action with low volatility.  It's always good to park some BTC in that kind of action.

Oh look, LTC's doing it. 

[JaredStein]

LTC/BTC:  Earned Much?  Got Nowhere to Go?  Well Come on Dooown!



There are times in a bull market when you've already made some of your profit, have gotten in and out of a few trades and you have no idea what to do next. 

'Do I stay put?  Do I risk more?' 

These are the common questions a person tend to ask him or herself because he/she knows there's something good out there, but the problem is 'what?'  The answer (for me at least) is to switch gears (lower) and look for coins that have been off their peaks but have been stable for a while.  Meaning look for sideways action with low volatility.  It's always good to park some BTC in that kind of action.

Oh look, LTC's doing it. 

Great LTC call there hope you made some money on it yourself. Do you think there are any prosperous coins out there right now? If so what are they? Personally I have pulled the trigger Ardor, HUSH, LSK, Wagerr, and Antshares. Antshares and HUSH shot up something crazy like 100% today and LTC following behind at a nice 33%. Others I am looking at are NEM, Ubiq, SwarmCity, and Iconomi.

[tokeweed]

I'm not much into those you mentioned, although LSK and NEM are in my watch list but I didn't get into them.  I'm heavy on ETC which I bought months ago at the lows.  Scroll up to see all my write ups about it.  Currently, I also have LTC and XMR. 

As far as cryptocurrencies I might get into, there's nothing.  Maybe MAID...?  But I'm not too sure about that.

[JaredStein]

I'm not much into those you mentioned, although LSK and NEM are in my watch list but I didn't get into them.  I'm heavy on ETC which I bought months ago at the lows.  Scroll up to see all my write ups about it.  Currently, I also have LTC and XMR. 

As far as cryptocurrencies I might get into, there's nothing.  Maybe MAID...?  But I'm not too sure about that.

I get why you bought into ETC i just don't see how it works in the long run. It's a fork of Ethereum that is worse than some of it's other competitors in the space. I also like LTC and XMR they are my highest holdings at the moment along with SiaCoin. I feel like I am almost too diversified holding a total of 14 cryptos but I like all the projects I am in and more. This space is so demanding of research and time involvement but very rewarding. I would also look into Factom, Gridcoin, and HUSH if you have time. All great projects with good teams and real use cases being applied.

[tokeweed]

I'm not much into those you mentioned, although LSK and NEM are in my watch list but I didn't get into them.  I'm heavy on ETC which I bought months ago at the lows.  Scroll up to see all my write ups about it.  Currently, I also have LTC and XMR.  

As far as cryptocurrencies I might get into, there's nothing.  Maybe MAID...?  But I'm not too sure about that.

I get why you bought into ETC i just don't see how it works in the long run. It's a fork of Ethereum that is worse than some of it's other competitors in the space.

What?  I think you need to do more research.  ETC has a decent development team put in by Charles Hoskinson.  And there are other contributors working on it.  They have recently killed the difficulty bomb and have capped distribution to 230M ETC.

Check out their development to date and their road map.  They actually are on the right track for the long term.  ETH on the other hand is gonna have lots of issues with all those multi million dapps in it.

Oh, FYI, ETH is the fork. 

 

I also like LTC and XMR they are my highest holdings at the moment along with SiaCoin. I feel like I am almost too diversified holding a total of 14 cryptos but I like all the projects I am in and more. This space is so demanding of research and time involvement but very rewarding. I would also look into Factom, Gridcoin, and HUSH if you have time. All great projects with good teams and real use cases being applied.

Cool.  

[tokeweed]

I got a couple of PM's asking if it's the right time to buy LTC.  And my answer to that is I don't know because there's no saying how low the correction will go.  What if I said 'yes' and it falls below to .0012 BTC?  What now?  Do you continue holding, should you sell or should you add more?  The thing to do is watch and wait for periods of low volatility before getting in.

And please ask your question here in the thread and make them public.  We're all newbs here, we need to learn from each other. 

[tokeweed]

ETC/BTC:  Low Volatility and No Downside?  Get Me Some!



These are the times I love to buy and add more to hold.  A period of low volatility is the perfect time to place your bets on the bid side, if you're not doing it now maybe it's a good time to.  Don't buy up at market prices tho, just make bids close enough to the price.  It will get hit, just have patience and wait.

And Caveat Emptor.  I suck at this. 

[tokeweed]

Hey guys, sold some ETC and LTC for BTC to short a couple cryptocurrencies.  I'm still closely following them and I will post the charts later.  

edit:  Shorted XRP.  Will post chart later.

[tokeweed]

And now also shorted ETH.  Hopefully this will he a fun ride down to double digits, or single?    But we'll see.

I will posts charts of ETH together with the XRP short later.