Are cryptocurrencies SERIOUSLY undervalued? ENTER ALL CRYPTO MARKETS

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orbit23 said:
Forget the undervalued term. I used it as a joke because i did a few similar threads.

Fair value is whatever the market price is. In crypto, it's a pure pump and dump.

Higher time frame pivotal area and bearish sentiment on retail traders. This is how bottoms form in cryptos. Time and time again. A repeating phenomena.

There's no absolutes, but the probability is so damn high and the risk to reward is so damn good, it'd be stupid not to take this trade.

Everyone has just learned to short and soros is buying them out. Just look at bitfinex btcusd longs, someone has been accumulating heavily for the past 2-3 weeks. Waiting for what one would call, a soros green candle to the upside and liquidation galore to start rolling.

To draw some parallels, i would say we are in similar situation as we were in April of 2018. Feels the same. So we could get one last rally, and then probably years of nothing. If we were looking at a yearly candle, i suspect we will start the year to the upside, painting a green candle, but then at some point throughout the year we break below the yearly open and the crash continues.
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There's no 'fair value' in crypto, as well as in gold, currency and so on. The market will determine it's value.
 
https://economics.yale.edu/sites/default/files/files/Faculty/Tsyvinski/cryptoreturns 8-7-2018.pdf

The 22 investor should have about 1 percent, 1.6 percent, 3.1 percent, and 6.1 percent share of Bitcoin under views (1), (2), (3), and (4), respectively. That is, if the investor believes Bitcoin will continue to do as well as the past seven years, she should hold about 6.1 percent share of Bitcoin in her portfolio. Even if the investor believes Bitcoin will only have half of its historical performance going forward, she should still hold about 3.1 percent share of Bitcoin in her portfolio


6 Conclusion We conclude that cryptocurrency returns have low exposures to traditional asset classes – stocks, currencies, and commodities. Our findings cast doubt on popular explanations that the behavior of cryptocurrencies is driven by its functions as a stake in the future of blockhain technology similar to stocks, as a unit of account similar to currencies, or as a store of value similar to precious metal commodities. At the same time, the returns of cryptocurrency can be predicted by two factors specific to its markets – momentum and investors attention. Our findings call into question popular explanations that supply factors such as mining costs, price-to-”dividend” ratio, or realized volatitility are useful for predicting the behavior of cryptocurrency returns. Finally, we document that the blockchain technology embodied in cryptocurrencies has a potential to affect a number of important industries.
 
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I am now back my friends!

I had been too early back then, but i think right now could be an opportunity to long cryptos like we haven't seen in a long time! Bitcoin, tron.... Pick your poison!

I'm longing here like never before. Bear in mind, RISK IS CONTROLLED. But the risk is so low and the reward is so high.

My friends, this might be it. We will soon see. I have a specifical setup that im looking at and if wrong it will be soon invalidated, but the upside is SO SO HUGE.

Wish me luck!

Edit" Change of plan" I will probably wait another day or two, closing out all my longs
 
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orbit23 said:
I am now back my friends!

I had been too early back then, but i think right now could be an opportunity to long cryptos like we haven't seen in a long time! Bitcoin, tron.... Pick your poison!

I'm longing here like never before. Bear in mind, RISK IS CONTROLLED. But the risk is so low and the reward is so high.

My friends, this might be it. We will soon see. I have a specifical setup that im looking at and if wrong it will be soon invalidated, but the upside is SO SO HUGE.

Wish me luck!

Edit" Change of plan" I will probably wait another day or two, closing out all my longs
More...

RIGHT IDEA, WRONG TIMING.

DAMN!!
 
Crypto cycles 1-0-1:

Bitcoin forks pump(BSV, BCH). Those are Bitcoins, not altcoins. Fake, useless coins, given for free to BTC owners. Same people controlling majority of BTC supply, thus also have BCH and BSV...They pump first, every time and are used to take valuable, liquid, bitcoin off of naive people.
You accumulate bitcoin through BSV and BCH scam.

Then Bitcoin pumps up high and altcoins drop hard vs BTC(they capitulate), but they hold USD value.

Then once Bitcoin tops, money starts flowing AT FAST PACE into altcoins - the biggest one Ethereum, and usually simultaneously into other high caps such as Tron, ADA, EOS, which outperform ETH. Quickly after money starts flowing into midcaps and in the end at the lowest caps, everything pumps at a very high velocity(they gain vs BTC+ vs Ethereum pair--> ETH and BTC are flowing into altcoins, thin candles up. This is euphoria mode.)

I'd say given the macro-economic situation(literally everything is going up - golden times), this is a very likely outcome in the next weeks to months. I think BTC could end strong Q1 2020. If this is to be the case, i am targeting around 12500$.
 
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