Altcoins coming to their glory in a matter of days! :)

[error08]

So, the Bitcoin ETF is around the corner (13th of March) and the odds of it getting approved by the SEC is around 10% (90% chance it will NOT get approved)

So what's going to probably happen after that? Let me tell you:

We will notice a 20-30% drop in BTC price which is equivalent to around 4 billion USD decrease in BTC market-cap.
So wondering where this 4 billion dollars will go? Well here is my humble speculation:

2 billion dollars will be converted to fiat currency  (People will sell their BTC for real money or USDT on exchanges such as Poloniex)
The remaining 2 billion dollars will actually move to altcoins. The majority of these 2 billion dollars will move to the top altcoins (The expected price in BTC is based on a $900 BTC):

- Monero (XMR) - I assume 20% of this 2 billion dollar cap difference will move here.
Monero Current Price: $15.30 (0.01216BTC)
Monero Expected Price: $18.00 (0.02BTC)

- DASH - I assume 15% of this 2 billion dollar cap difference will move here.
DASH Current Price: $46 (0.0367BTC)
DASH Expected Price: $53 (0.059BTC)

- Ethereum (ETH) - I assume 15% of this 2 billion dollar cap difference will move here.
Ethereum Current Price: $18.20 (0.01566BTC)
Ethereum Expected Price: $21

- Litecoin - I assume 20% of this 2 billion dollar cap difference will move here.
Litecoin Current Price: $3.92 (0.000308BTC)
Litecoin Expected Price: $4.70 (0.0005BTC)

- RIPPLE - I assume 5% of this 2 billion dollar cap difference will move here.
RIPPLE Current Price: $0.00607 (0.00000478BTC)
RIPPLE Expected Price: $0.0064 (0.0000071BTC)

Due to the much smaller marketcap of altcoins compared to BTC, this will have an exponential price increase for altcoins.

And due to the increase in price of altcoins and the decrease in price of BTC, it would make it an ideal choice to convert back most of your altcoins to BTC to simply nearly double your amount of bitcoins a couple of days after ETF disapproval.

This is just my humble opinion... This thread will be here for future reference

If I helped you make the right decision (You will know 1-2 weeks from now), your donations are more than welcome:
BTC: 12cmkPFYp9iFxmpiMoSmDmB87wAMWPwFwN
ETH: 0x34CA0147DE32537CE9913d8eC4EF93BDc6010AFe
DSH: XiUM2BmkWzzHnHxqtGkSRPSREaeSyEsQYu
LTC: LMKuKQTNGC3G3MtSx87qkTG1YUSexSoYZR


 

You maybe right, and looks like you hold those coins as well. But, why you don't have/mentioned about byteball as it is the best coin after bitcoin. Holding those coins should be profitable for long term, but some coins are better than another, I don't know about litecoin as it seems cannot rise up and always ended fall down, I guess 20% will not move to LTC.

[Traxo]

 (nevertheless Armstrong's computer predicted the correct outcome and it is pointing to a Le Pen victory).

Source?

Or it's info from your Armstrong subscriber?
Cuz I remember you said that you unwillingly share Armstrong's subscriber info because it harms subscribers.

[iamnotback]

 (nevertheless Armstrong's computer predicted the correct outcome and it is pointing to a Le Pen victory).

Source?

Or it's info from your Armstrong subscriber?
Cuz I remember you said that you unwillingly share Armstrong's subscriber info because it harms subscribers.

That is just my interpretation of my vague recollection of what he has been writing on his blogs. He mentions his computer predicted BREXIT, Trump, rise of third parties, civil unrest, Ukraine before it happened, etc. (which I verify to be true based on reading his blogs weekly since 2012). And he mentions that in the context of Le Pen victory becoming more plausible.

I am not releasing any more info from my subscriber contact. I did it once or twice to silence those who said Armstrong couldn't predict the future. And go look where gold is now as predicted.

[rubiprojects]

It seems that we can bet ETF not approval according to your odds-10%, I know a site is good for bet, and the odds can be double, I will place one bet.

[joerazor]

You maybe right, and looks like you hold those coins as well. But, why you don't have/mentioned about byteball as it is the best coin after bitcoin. Holding those coins should be profitable for long term, but some coins are better than another, I don't know about litecoin as it seems cannot rise up and always ended fall down, I guess 20% will not move to LTC.

I actually hold:
30% MONERO (Because I believe Monero is so devalued right now)
40% GNT (Golem Tokens) (Because I believe GNT is going to at least triple in price by the end of 2017 as Brass Golem gets released/developed)
25% LTC (Because its a clone of BTC that is faster, less congestion and undervalued.. Last but not least, segwit adoption is moving at a good pace)
5% BTC (I am not a big fan of BTC due to the congested network, China majorly centralizing this coin in ownership/mining which is ironically contradicts the model of crytocurrency in general.... Why am I holding 5% then? Because lots of people believe in BTC and that is an important factor to consider... If BTC hits $1m someday, I do not want to be left out)



I never heard about byteball to be honest.. But I will give it a good read.

[_nur]

sell everything buy tezos

[kolap]

My recommendations is buy low cap coins

[doriangray]

You maybe right, and looks like you hold those coins as well. But, why you don't have/mentioned about byteball as it is the best coin after bitcoin. Holding those coins should be profitable for long term, but some coins are better than another, I don't know about litecoin as it seems cannot rise up and always ended fall down, I guess 20% will not move to LTC.

I actually hold:
30% MONERO (Because I believe Monero is so devalued right now)
40% GNT (Golem Tokens) (Because I believe GNT is going to at least triple in price by the end of 2017 as Brass Golem gets released/developed)
25% LTC (Because its a clone of BTC that is faster, less congestion and undervalued.. Last but not least, segwit adoption is moving at a good pace)
5% BTC (I am not a big fan of BTC due to the congested network, China majorly centralizing this coin in ownership/mining which is ironically contradicts the model of crytocurrency in general.... Why am I holding 5% then? Because lots of people believe in BTC and that is an important factor to consider... If BTC hits $1m someday, I do not want to be left out)



I never heard about byteball to be honest.. But I will give it a good read.

You should or else you might have missed the next big thing in crypto.

[Geraldo]

I believe the majority will go  to Dash due to its big growth lately.. But still no need to rush selling BTC.

[Arvydas77]

This year will definitely be the year of altcoins. It can bring from x10 to x100 rise of some alts. Dash is looking as just started its rise.

[fkod]

And now.. I'm guessing GAME, EXP in order near time.

Need to follow.

[fusilero40]

yo apuesto por bytecoin

monero es una mala  copia bytecoin

[Piston Honda]

wbb is about to 

[Geraldo]

https://cointelegraph.com/news/why-bitcoin-etf-approval-is-likely-72-percent-in-favor-so-far

[botany]

There three ETFs under consideration, not just the Winklevoss ETF. Also there sentiment is not expecting a certain approval. Approval sends Bitcoin skyrocketing. Disapproval merely causes a minor consolidation.

You seem to have got it right on this one. The markets have largely recovered after the ETF rejection.
Traders might have made / lost money, but long term holders have largely escaped unscathed.

[TastyChillySauce00]

My recommendations is buy low cap coins

Only buy the promising ones, low cap coins are out of my plan because it could potentially drive me to the bankruptcy and have a low chance to grow and become a huge coin instead of just keeping their dust value.
Still feeling comfy in the safe zone I suppose.

[topesis]

My recommendations is buy low cap coins

Only buy the promising ones, low cap coins are out of my plan because it could potentially drive me to the bankruptcy and have a low chance to grow and become a huge coin instead of just keeping their dust value.
Still feeling comfy in the safe zone I suppose.

I agree with you, project like Litecoin and Doge are two disappointing projects and it seems time as overtaken both, there is no need development and update coming from the team. There are only selected few coins on the market presently others are going back to zero. I think this year will most of these Altcoins price going to zero

[20kevin20]

My recommendations is buy low cap coins

Only buy the promising ones, low cap coins are out of my plan because it could potentially drive me to the bankruptcy and have a low chance to grow and become a huge coin instead of just keeping their dust value.
Still feeling comfy in the safe zone I suppose.

If you want to do that, you can invest $0.1 in each low cap coin, so a total of $10 would mean 100 coins. I did a similar thing but with three coins, investing $1 in each. Be careful though, you might have problems after investing in dozens of coins with managing them. I'm choosing only coins that can have a paper wallet, so I can basically have them in my hand and easily check them on the web. I don't think there'll be a coin that will get to a high price though.. The Altcoins market is over since the scam coins appeared. Just a few days ago I saw a photo somewhere, comparing the prices of the altcoins in 2014 with today's price... Awful!

[TastyChillySauce00]

My recommendations is buy low cap coins

Only buy the promising ones, low cap coins are out of my plan because it could potentially drive me to the bankruptcy and have a low chance to grow and become a huge coin instead of just keeping their dust value.
Still feeling comfy in the safe zone I suppose.

If you want to do that, you can invest $0.1 in each low cap coin, so a total of $10 would mean 100 coins. I did a similar thing but with three coins, investing $1 in each. Be careful though, you might have problems after investing in dozens of coins with managing them. I'm choosing only coins that can have a paper wallet, so I can basically have them in my hand and easily check them on the web. I don't think there'll be a coin that will get to a high price though.. The Altcoins market is over since the scam coins appeared. Just a few days ago I saw a photo somewhere, comparing the prices of the altcoins in 2014 with today's price... Awful!

That's kinda great idea and actually, I've done that back then before and I've got nothing out of it instead the coins were deleted from the marketplace ( I mean, exchangers ) and now those coins are worthy of text.
But fortunately, I'm only investing a small amount of money so there's no serious harm against my wallet of course, just be careful of investing on low cap coin.

[joerazor]

So, the Bitcoin ETF is around the corner (13th of March) and the odds of it getting approved by the SEC is around 10% (90% chance it will NOT get approved)

So what's going to probably happen after that? Let me tell you:

We will notice a 20-30% drop in BTC price which is equivalent to around 4 billion USD decrease in BTC market-cap.
So wondering where this 4 billion dollars will go? Well here is my humble speculation:

2 billion dollars will be converted to fiat currency  (People will sell their BTC for real money or USDT on exchanges such as Poloniex)
The remaining 2 billion dollars will actually move to altcoins. The majority of these 2 billion dollars will move to the top altcoins (The expected price in BTC is based on a $900 BTC):

- Monero (XMR) - I assume 20% of this 2 billion dollar cap difference will move here.
Monero Current Price: $15.30 (0.01216BTC)
Monero Expected Price: $18.00 (0.02BTC)

- DASH - I assume 15% of this 2 billion dollar cap difference will move here.
DASH Current Price: $46 (0.0367BTC)
DASH Expected Price: $53 (0.059BTC)

- Ethereum (ETH) - I assume 15% of this 2 billion dollar cap difference will move here.
Ethereum Current Price: $18.20 (0.01566BTC)
Ethereum Expected Price: $21

- Litecoin - I assume 20% of this 2 billion dollar cap difference will move here.
Litecoin Current Price: $3.92 (0.000308BTC)
Litecoin Expected Price: $4.70 (0.0005BTC)

- RIPPLE - I assume 5% of this 2 billion dollar cap difference will move here.
RIPPLE Current Price: $0.00607 (0.00000478BTC)
RIPPLE Expected Price: $0.0064 (0.0000071BTC)

Due to the much smaller marketcap of altcoins compared to BTC, this will have an exponential price increase for altcoins.

And due to the increase in price of altcoins and the decrease in price of BTC, it would make it an ideal choice to convert back most of your altcoins to BTC to simply nearly double your amount of bitcoins a couple of days after ETF disapproval.

This is just my humble opinion... This thread will be here for future reference

If I helped you make the right decision (You will know 1-2 weeks from now), your donations are more than welcome:
BTC: 12cmkPFYp9iFxmpiMoSmDmB87wAMWPwFwN
ETH: 0x34CA0147DE32537CE9913d8eC4EF93BDc6010AFe
DSH: XiUM2BmkWzzHnHxqtGkSRPSREaeSyEsQYu
LTC: LMKuKQTNGC3G3MtSx87qkTG1YUSexSoYZR

Alright... Everything is moving exactly as I expected apart from Ripple and LTC

BTC dominance dropped from 85% to 81.4% as noted on coinmarketcap.com which shows the new increased interest in altcoins (4.6% increase)!

I noted the expected ETH price to be $21.. It is actually $23
I noted the expected XMR price to be $18.. It is currently $16 and extremely bullish towards $18
I noted the expected DASH to be $54.. It is currently $70! Seems like DASH has taken most of the love away from LTC and Ripple and other smaller coins!

I was wrong on:
BTC consolidating at the 900-1000 range... It actually quickly recovered to $1150 pretty fast!