Crypto market hit $800 billion putting on more than $20 billion in cap in a day. One way to research potential moves is $ volume. There can be money made on these if you do the research just from the dollar volume. Find first above average dollar volume push then load up. Same principal as stocks with above average volume. It usually is start of a run. Apple does average $4.5 dollar volume a day based on 10 day average of 25 million shares. Market cap is about $900 billion. Bitcoin on a $290 billion cap did $19 billion last 24 hours. Obviously one reason is they trade 24/7. Litecoin did $2.2 billion volume on a $16.5 billion cap. Go through all 1384 alt coins and you can find many potential 100% gainers overnight. Gotta put in the time. Find a good scanner than manually dig through to find the diamond in the rough.
Bitcoin Price Thread
- Thread starter Magna
- Start date
Good discussion of crypto value in this article->
http://www.unassumingbanker.com/2017/12/28/bitcoin-actually-worth/
FWIW - I sold most of the BTC at 16,000 ish. Still holding all the Ether.
http://www.unassumingbanker.com/2017/12/28/bitcoin-actually-worth/
FWIW - I sold most of the BTC at 16,000 ish. Still holding all the Ether.
"Microsoft Halts Bitcoin Transactions Because It's An "Unstable Currency""
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"Merrill Lynch last week became the latest — and largest — Wall Street bank to say no to bitcoin.
The brokerage arm of Bank of America said its 17,000 financial advisers can’t sell the cryptocurrency to its clients, even though every Joe Lunchpail clamors for it. After a more than 2,000 percent gain last year, it’s the hottest thing to hit Wall Street since Amazon stock took off.
Merrill’s thundering herd couldn’t even sell one of the most popular gateway investments to bitcoin:, the Grayscale Bitcoin Investment Trust Fund."
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"Merrill Lynch last week became the latest — and largest — Wall Street bank to say no to bitcoin.
The brokerage arm of Bank of America said its 17,000 financial advisers can’t sell the cryptocurrency to its clients, even though every Joe Lunchpail clamors for it. After a more than 2,000 percent gain last year, it’s the hottest thing to hit Wall Street since Amazon stock took off.
Merrill’s thundering herd couldn’t even sell one of the most popular gateway investments to bitcoin:, the Grayscale Bitcoin Investment Trust Fund."
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Currency of the future fun fact:
" More than 60% of all Bitcoin addresses are UNSPENDABLE because the fees to send the Bitcoin anywhere are higher than the amounts they contain. If you have $20 worth of Bitcoin and the average fee per transaction is higher than $20 (which it is!) you can't spend your Bitcoin."
" More than 60% of all Bitcoin addresses are UNSPENDABLE because the fees to send the Bitcoin anywhere are higher than the amounts they contain. If you have $20 worth of Bitcoin and the average fee per transaction is higher than $20 (which it is!) you can't spend your Bitcoin."
That's why it will never be a currency, average fee per transaction costs and the other reason, too much volatility.... you don't want to own a currency that moves 10-20% in a week.
Just to show the insanity about crypto's:
https://arstechnica.com/tech-policy...ke-currency-soared-to-2-billion-this-weekend/
How even a joke became a wanted crypto...
Even for sh**t people would pay crazy money if you use the word "crypto" in your sales (scam) story.
https://arstechnica.com/tech-policy...ke-currency-soared-to-2-billion-this-weekend/
How even a joke became a wanted crypto...
Even for sh**t people would pay crazy money if you use the word "crypto" in your sales (scam) story.
I quoted from Reddit. But even if it is 45% not 60%, the point still stands. I would say any wallet with less than $100 is unspendable unless the owner wants to give away a 40% cut.
But here is the wallet wealth distribution from last year, knock yourself out:
https://blog.lawnmower.io/the-bitcoin-wealth-distribution-69a92cc4efcc
I am too lazy to do the math, but it is probably more than 60%.
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