ETC/BTC
Updated
Welcome to the crypto bubble.
Nobody left trading alts vs BTC . Nobody left yelling "alt season".
All important traders are dead.
(No, not you with your 0.1BTC or 1BTC - whatever is left in your stack from this 28 month alt bear market. Take no offense, 99.9999% of traders got rekt from these pump and dumps.)
Alt markets are out of sellers and the algorithms have found that threshold, where there's more buyers than sellers.
Bottom is in, where alts vs BTC is concerned.
I'll cover 10ish major cryptos that are worth trading, then I'll leave you guys alone for a while.
They are worth trading for the following reasons:
Fundamentals - Niche/target market, competitor comparison, development, necessity, use-case/potential demand, age, etc
Longevity - they've survived attacks on the technical and financial fronts (pump and dumps) - the longer an asset or species or coin is able to remain dominant, the more likely it is to remain dominant
(obviously, there's diminishing returns to that theory, post-adoption curve)
Liquidity - trading on margin invites additional market makers for both support and resistance - falling knives stop when big buyers have orders up, ready to buy cheaper
List of pairs I will be trading:
XRP/BTC - Real Time Gross Settlement - Proof of Correctness
XLM/BTC - Real Time Gross Settlement - Stellar Consensus Protocol - Jeb has always been about the people, which is why he left Ripple. More likely to gain traction, if run correctly.
ETC/BTC - Smart Contracts - Potential testnet for Ethereum/replacement, should FUD arrive again. Never forget, Ethereum lost the right to claim immutability. Good hedge to Ethereum bet.
IOTA/BTC - "Tangle is better than blockchain" - People love to FOMO this shitcoin. The fact is that Tangle will theoretically be better than blockchain, but that's probably way down the road, after IOTA dies. It'll pump HARD though.
ETH/BTC - Smart Contracts (Demand should grow globally)
LTC/BTC - Silver to Bitcoin and trustworthy testnet that can deploy innovation, without as rigid scrutiny s as BTC .
XMR/BTC - Anonymous (Ring CT )
BCH/BTC - Only potential Bitcoin competitor. Roger Ver is doing a fantastic job with this, by the way. I know, he gets emotional, but he's light-years ahead of 99% of people in this space.
EOS/BTC - Ethereum on Steroids. Expected to fail, as Ethereum will be the hardest thing in crypto to dethrone. It pumps like nuts when there's FOMO though.
NEO/BTC - Smart Contracts (Demand should grow from China)
ZEC/BTC - Anonymous (Zero Knowledge Proofs)
Based on Poloniex's moves with TRX in recent past, and the belief that the market alpha owns Polo, with that "Circle acquires Poloniex" news from forever ago (which we can get into another time), it appears to me than there are a lot of plans for Tron.
Although Justin Sun struck me as malleable, under-experienced and deceptive, this project has everything it could need, to go global. As a commodity/investment, or, as a patsy...
The TRX/BTC pair may be added to my list, if it meets my criteria in the coming months.
Regards
Nobody left trading alts vs BTC . Nobody left yelling "alt season".
All important traders are dead.
(No, not you with your 0.1BTC or 1BTC - whatever is left in your stack from this 28 month alt bear market. Take no offense, 99.9999% of traders got rekt from these pump and dumps.)
Alt markets are out of sellers and the algorithms have found that threshold, where there's more buyers than sellers.
Bottom is in, where alts vs BTC is concerned.
I'll cover 10ish major cryptos that are worth trading, then I'll leave you guys alone for a while.
They are worth trading for the following reasons:
Fundamentals - Niche/target market, competitor comparison, development, necessity, use-case/potential demand, age, etc
Longevity - they've survived attacks on the technical and financial fronts (pump and dumps) - the longer an asset or species or coin is able to remain dominant, the more likely it is to remain dominant
(obviously, there's diminishing returns to that theory, post-adoption curve)
Liquidity - trading on margin invites additional market makers for both support and resistance - falling knives stop when big buyers have orders up, ready to buy cheaper
List of pairs I will be trading:
XRP/BTC - Real Time Gross Settlement - Proof of Correctness
XLM/BTC - Real Time Gross Settlement - Stellar Consensus Protocol - Jeb has always been about the people, which is why he left Ripple. More likely to gain traction, if run correctly.
ETC/BTC - Smart Contracts - Potential testnet for Ethereum/replacement, should FUD arrive again. Never forget, Ethereum lost the right to claim immutability. Good hedge to Ethereum bet.
IOTA/BTC - "Tangle is better than blockchain" - People love to FOMO this shitcoin. The fact is that Tangle will theoretically be better than blockchain, but that's probably way down the road, after IOTA dies. It'll pump HARD though.
ETH/BTC - Smart Contracts (Demand should grow globally)
LTC/BTC - Silver to Bitcoin and trustworthy testnet that can deploy innovation, without as rigid scrutiny s as BTC .
XMR/BTC - Anonymous (Ring CT )
BCH/BTC - Only potential Bitcoin competitor. Roger Ver is doing a fantastic job with this, by the way. I know, he gets emotional, but he's light-years ahead of 99% of people in this space.
EOS/BTC - Ethereum on Steroids. Expected to fail, as Ethereum will be the hardest thing in crypto to dethrone. It pumps like nuts when there's FOMO though.
NEO/BTC - Smart Contracts (Demand should grow from China)
ZEC/BTC - Anonymous (Zero Knowledge Proofs)
Based on Poloniex's moves with TRX in recent past, and the belief that the market alpha owns Polo, with that "Circle acquires Poloniex" news from forever ago (which we can get into another time), it appears to me than there are a lot of plans for Tron.
Although Justin Sun struck me as malleable, under-experienced and deceptive, this project has everything it could need, to go global. As a commodity/investment, or, as a patsy...
The TRX/BTC pair may be added to my list, if it meets my criteria in the coming months.
Regards
Order cancelled
Invalidated. Wait for new bottoming pattern.
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