My Speculation Thread (Charts and Analysis Included ;))

[sandiman]

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.

lower high needs lower lows.

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

Looks like it may bottom here simply.

alt have been crushed except a very few.

[tokeweed]

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.

lower high needs lower lows.

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

Looks like it may bottom here simply.

alt have been crushed except a very few.

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.  

[vlight]

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.  

Byteball. Not an investment advice though 

[sandiman]

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

[DevelopFI]

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.

[tokeweed]

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.  

Byteball. Not an investment advice though 

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?

[tokeweed]

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.

[thepo1m]

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.  

Byteball. Not an investment advice though 

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?

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.

[tokeweed]

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.

[tokeweed]

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.

[tokeweed]

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.

[Pursuer]

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.

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.

[tokeweed]

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.

[muddafudda]

Dash, the world's third most valuable digital currency and the growing alternative to Bitcoin, has announced a partnership that will strengthen customer base in Europe. BitPanda, previously known as Coinimal, has added a buy option to Dash on its platform. After a series of strategic business partnerships and software upgrades from January through March, Dash rose from $ 11.21 to $ 100, representing an approximate increase of 800% in the first quarter.

[tokeweed]

Dash, the world's third most valuable digital currency and the growing alternative to Bitcoin, has announced a partnership that will strengthen customer base in Europe. BitPanda, previously known as Coinimal, has added a buy option to Dash on its platform. After a series of strategic business partnerships and software upgrades from January through March, Dash rose from $ 11.21 to $ 100, representing an approximate increase of 800% in the first quarter.

Well it looks like it was royally dumped.  And there are people saying that the master nodes were going down in number while the pump to 100 USD was going on.  Was that just coincedence?  Or were they selling all their Dash?

[Nixzor]

Dash, the world's third most valuable digital currency and the growing alternative to Bitcoin, has announced a partnership that will strengthen customer base in Europe. BitPanda, previously known as Coinimal, has added a buy option to Dash on its platform. After a series of strategic business partnerships and software upgrades from January through March, Dash rose from $ 11.21 to $ 100, representing an approximate increase of 800% in the first quarter.

Well it looks like it was royally dumped.  And there are people saying that the master nodes were going down in number while the pump to 100 USD was going on.  Was that just coincedence?  Or were they selling all their Dash?

The masternodes that went offline while the pump to 100 were on a VPN that was attacked by DDoS. link: https://www.youtube.com/watch?v=IkKKRJLeDBA

[tokeweed]

Dash, the world's third most valuable digital currency and the growing alternative to Bitcoin, has announced a partnership that will strengthen customer base in Europe. BitPanda, previously known as Coinimal, has added a buy option to Dash on its platform. After a series of strategic business partnerships and software upgrades from January through March, Dash rose from $ 11.21 to $ 100, representing an approximate increase of 800% in the first quarter.

Well it looks like it was royally dumped.  And there are people saying that the master nodes were going down in number while the pump to 100 USD was going on.  Was that just coincedence?  Or were they selling all their Dash?

The masternodes that went offline while the pump to 100 were on a VPN that was attacked by DDoS. link: https://www.youtube.com/watch?v=IkKKRJLeDBA

Well isn't that a little too convenient for them?  But I guess it would be good to find out if the master nodes came back online after the DDOS attack.  Can you give us a link where we could see a graph of all the active the master nodes?  That would be nice, thanks. 

[dominuspro]

@tokeweed
Any new hint? Have some btc to invest and all respectable altcoins seems too high

[Charloz24]

@tokeweed
Any new hint? Have some btc to invest and all respectable altcoins seems too high

Ethereum seemed too high @ 0.025 BTC not too long ago, I think this time it's LTC that can double easy.

[tokeweed]

@tokeweed
Any new hint? Have some btc to invest and all respectable altcoins seems too high

Not at this time.  Everything seems to have risen a lot, some more than others.  But I still do recommend getting into ETC though, but buy only on the occasional dips and try to put a stoploss just in case the trend reverses to be safe.