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The Oracle of crypto digitalindustry trading investing fundamentals advice.
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Who reads it -:- This topic is linked from my (future) multi award winning and sometimes semi literate Blog -
http://kolinevans.wordpress.com/about/- It is also passed around the offices at many surveillance centers as our diligent protectors uphold the Constitution and International Law. Quote "he's losing his god dammed marbles" - CoH
- Satoshi reads this, both the hacked version of Satoshi and sum of the atoms that make up the reality of "Satoshi"
- Warren Buffet Read this, but thinks it's a "Hodge Podge" of English characters on a computer screen, (which I take as a strong endorsement.)
- someone is reading this in the "90's"
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Intro -:If you can't understand something feel free to post in the topic and ask for an explanation - but i will keep these brief as i expect you to have higher than potato IQ.
feel free to ask me to asses if you are about to lose all your wealth on some derivative or ponzi scheme. ( you probably are..) (its the journey not the destination)
If it's not here it probably doesn't matter, or I'm not aware of it for some reason - feel free to change that by posting in the topic.
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Crypto Currency in The Market Cap No particular orderWhen the oracle uses a market cap he prefers :
Crypt Market Caphttp://cryptmarketcap.com/ as its simple and one does not have to filter the IPO derivatives. but go to "coinmarketcap" for a more diverse set of sources.
*subject to change.
* look at original date stamp of topic for historical price references.
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Bitcoin
August 29, 2014, 05:04:06 AM price 508~Hold / Sell on pumps -: you know my feeling on Bitcoin it was a great start but its monopoly on mining seems under a cloud, (and cloud mining isn't going to save it).
if you like reading, The more adoption = higher cap meme is gone.
http://kolinevans.wordpress.com/2014/07/25/why-the-bitcoin-price-really-needs-bad-news/Citi agrees with me:
http://www.coindesk.com/citi-miners-merchants-keeping-bitcoin-prices-check/With monopoly failure Bitcoin is not decentralized, and open to "hostile takeover"
http://hackingdistributed.com/2014/06/16/how-a-mining-monopoly-can-attack-bitcoin/The Chinese free market can achieve this "take over" in my assessment which breaks all trust in the entity.
Summary -: If you get a selling opportunity higher than here take it, long term this entity relies on a questionable monopoly, and with China's economic production growing and the rest of the worlds shrinking they will soon own the mining production on Bitcoin, The total cap is irrelevant as a 60 or 70% miner can Bitcoin QE or "bring Bitcoin down" in favor of a competitor.
if you see signals like this, its time to bail.
Price targets -: If Bitcoin survives a crash and hard-fork i think the market will value it between $10 and $50, without a hard fork maybe $1 high risk brand awareness. *************************************************************
Litecoin
August 29, 2014, 05:04:06 AMHold/slow acquire Wait for KnC to deliver -:ahh Litecoin you are Bitcoin lite (somy) , lite cheese , lite milk, who actually likes those things?
apart from its obviously unfortunate branding, LTC can probably pull through as a monopoly Crypto an here is why:
despite its better market distribution, it is still very much a monopoly, but pending new ASIC developments there is no way that anyone can out mine the dedicated Chinese mining interests that manufacture most Scrypt ASIC.
this means Litecoin could be the "Best monopoly" meaning that they can better price manipulate in the short term.
I will make a big prediction and say that at a point the BTC and LTC caps will cross, now this doesn't mean that LTC moves into the $100's but rather it takes up the prime monopoly position over Bitcoin and BTC falls.
what is the meeting point? maybe $30 to $50 very hard to predict, as BTC fails large holders could shift to the "most reliable monopoly" in which case LTC moves up to $100 for a short time, then the market realizes that monopoly crypto is a meme and competing forces drive the price to a "mean base".
Summary:Remember Fellow learners in a monopoly the market does not matter, so the "market adoption" or customer "take up" matters less in the short term than how good the monopoly is and how well it can be controlled in this aspect Litecoin can be the winner in the short term.
Price for mean base upon that scenario $10 ~ $30 but this relies on that scenario, key things to watch are the continued stagnation of the market. followed by a crash.further reading:
http://kolinevans.wordpress.com/2014/08/22/what-would-a-crypto-currency-collapse-look-like/http://kolinevans.wordpress.com/2014/07/04/why-has-litecoin-decoupled-from-bitcoin-and-is-on-a-price-decline-and-why-is-this-important-for-quark-and-other-free-market-crypto-currencies/*************************************************************
Quark
Slow acquire / obtain between under 1c and 3c August 29, 2014, 05:04:06 AMQuark and other are the winner in the event of any break down in monopoly crypto currency, all this leaves is sponsored attacks, which would come from bank sponsored entities as the primary distribution for Quark has been completed.
so there is no "natural market incentive" for a monopoly on Quark, only a sponsored attack, this gives Quark and others key significant advantages.
- Price stability (as its fully distributed and has reached "base money status")
- ideal stable hedge against inflation or deflation.
- Quark is fee free (it solved key Bitcoin Payment problems 12 months ago)
- A high speed network that has proven itself secure.
Summary:A bet on Quark is a bet that in a decentralized free market environment, a monopoly can not rule for very long, and based on all of my analysis that's a pretty ok bet, price target in event of a monopoly collapse (and other disruptions)
$1 to $5 as people start to see the benefit of storing paper tokens in crypto, right now the psychological incentive to "cash out of Quark" is that eager beavers believe they are going to "gain more in Bitcoin"
that meme is breaking down as the Bitcoin monopoly breaks down, so now a "cash out" of Quark will slowly merge into a Cash into paper.
my price is a conservative estimate because markets can get exuberant and paper tokens can become unstable.
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Digitalcoin
September 13, 2014, 02:50:04 PM
nota long term buy at moment. https://bitcointalk.org/index.php?topic=785601.0^^^^
This is a
"pump and dump" Based on these vectors (see link) -:
1. the Multi pow will be 3 monopoly PoW but will provide more decentralization, but:
2. The reward change is a reduction in reward buy 66%
Summary -:I can reasonably assume that in this time, after the dump by the developer(s) that drove both a disinterest and a price drop, a group of Scrypt ASICs "owners" have been furiously mining it, now the same guys are going to split the PoW but vastly reduce the reward.
The gypsy trick works like this (I'm a gypsy);
- the PoW split opens the vast power of the SHA256 network, but the reward reduction more than compensates for further decentralization by the multi algos.
- but SHA256 will drive difficulty higher on that algo and make overall difficulty much higher.
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Lower rewards higher difficulty = higher fake value.Go along for the ride if you like, but this is a
long term donkey.
I don't want to offend anyone from the Digitalcoin team, how you can avoid these assessments is by creating a reasonable long term investment I can offer to real investors.
Don't take this as a non endorsement, but rather a long term problem in the short term DGC can rise just like LTC could rise.