"THIS Penny Crypto Coin Is About To Take Off!"
- Thread starter Scataphagos
- Start date
I think we're on the very cusp of a gigantic mega-bull market in cryptocurrency (my tablet's auto-correct doesn't even recognize the word 'cryptocurrency'!).
There is no way of picking the coins which will shoot up 10-20-30,000%, so the most obvious way to trade this market is to place small bets on every coin with at least some semblance of potential and hold a very large and diversified pool of these for several years.
(Most people won't do this though.. they'll jump in and out of coins based on hunches/emotions/tips and lose all of their funds in a very short time by buying tops and selling at the bottom.)
There is no way of picking the coins which will shoot up 10-20-30,000%, so the most obvious way to trade this market is to place small bets on every coin with at least some semblance of potential and hold a very large and diversified pool of these for several years.
(Most people won't do this though.. they'll jump in and out of coins based on hunches/emotions/tips and lose all of their funds in a very short time by buying tops and selling at the bottom.)
I was making a research some years ago. You have to explore many of them to seek wich have potential of growth in there, or could be attractive to gain momentum by riding the wave. Im gonna give you some cryptoexamples wich had for me value: AMP they delivered a product (sparkle) wich you can download from google chrome. RIPPle. I think they were a interbank platform to cut up time of settle (I think). CRYPTOINDEX (BTS) they delivered a fixed rate of liquidity every day. BTS, WAVES. You can build your own infrastructure over there. There will be more and more over the time, but we have to stay with feet in the ground. Most probably those never be able to beat lifelong markets (Nasdaq, Nyse, etc) or compete against bitcoin for now.
use technical analysis methodology like you use for stocks, whatever method it may happen to be.
Last edited:
I don't think so that the people are selling BTC, if they were the BTC's price would have been decreased but infact its price has been abruptly increased. Segregated Witness or the SegWit2 just supports the hard fork of Bitcoin, But it doesn't mean that it is against other altcoins.
They are selling alt coins for bitcoin so that they get the fork coin. Alt coins should rally after the fork coin is distributed on the 17th.
Admitted noob about cryptos... Electroneum (ETN) was touted in an advisory service as "gonna be great, get in while you still can". Its big attraction is that it's "for the mobile crowd.... carry your Electroneum around on your iphone and use it to buy stuff".
2 big flaws in that. 1st, you wouldn't be able to spend ETN until commerce is willing to accept it for payment, and 2nd, that's the same function as a debit card... and you can already use those just about everywhere.
So.... how is ETN going to "catch fire"? If it does, I'll be amazed. Most other cryptos in the same "no use, only hoping" boat.
No clue about ETN couse now I only have time to follow a very little of them (in those I own shares), but the choice is not easy. In my opinion is very difficult to say wich one is a good option or wich is not.
I own a broad portfolio of currencies - about 20 or so. Mostly, I'm in ETH.
Looking for a few things. If you want blow-out potential, then you're looking for a platform type of coin (ETH, for example). ETH exists to build other coins and functions. I also hold KMD for that purpose. If a lot of new, useful coins are built on these platforms, the coin will rise manifold.) WAVES, Bitshares, AEON.
True currency - a crypto that can be used for buy and sell. Monaco (has an instant exchange visa card), ARK (point of sale), Iota (0 fee transactions, goes faster the more transactions occur in theory which overcomes a huge problem in the industry), OMG - all have potential.
Second, use cases. I'm currently working on a whitepaper for GETGAME (a game designers platform), built on the Openledger platform using OBITS (the Bitshares coin). The idea is solid - great market participants who want to play and love tech, an integrated platform style of coin that spawns other coins ad infinitum (most will fail, but the winners will carry the losers and the losers do not hurt the GetGame coin). Gaming also draws huge funding on crowdfunding sites - the biggest funded projects (25X the ask) are always games. It's the right market to tap and the right way to do it.
Also, insurance industry, legal industry, inventory tracking (Walton coin WTC does RFID and has a very large contract- a strong coin.)
DMD looks interesting - it's an older coin that stakes (you get coins for having coins) and has risen steadily for years - follow the trend.
Exchange coins - Binance is the best of these, but the market is way flooded.
Right initial market cap - Is it a trillion coins? That's an oversupply and a coin that will never, ever go up very much. Is it too low? only 5000 coins worth 5cents? The market will dismiss it.
Good team - are they experienced? Is there a holding period for founders coins provides incentive, prevents selling for quick money and killing the market)? Do they have pre-ico backers (savvy investors who see great potential)? Are they greedy - Ripple kept 60 billion coins themselves and put out 40 billion - who controls that market? (Don't buy XRP, imo -there's a shism with the founders and one has a LOT of XRP, but is in serious contention with the others.)
Investors - Iconomi has a digital asset array, but their coin is junk, imo. They just used it for funding and now aren't supporting.
Flaw in ICN is - coin is not integrated into the use of the platform. You can't even buy/sell their funds with their own coin. You have to use BTC/ETH. They threw their initial investors udner the bus, imo. At any rate, their fund is an easy way to diversify holdings and I think their fund coin is available on exchanges. (I have some on their platform).
Question in general is - Is the coin useful after the ICO or is it just a fund-raise?
Looking for a few things. If you want blow-out potential, then you're looking for a platform type of coin (ETH, for example). ETH exists to build other coins and functions. I also hold KMD for that purpose. If a lot of new, useful coins are built on these platforms, the coin will rise manifold.) WAVES, Bitshares, AEON.
True currency - a crypto that can be used for buy and sell. Monaco (has an instant exchange visa card), ARK (point of sale), Iota (0 fee transactions, goes faster the more transactions occur in theory which overcomes a huge problem in the industry), OMG - all have potential.
Second, use cases. I'm currently working on a whitepaper for GETGAME (a game designers platform), built on the Openledger platform using OBITS (the Bitshares coin). The idea is solid - great market participants who want to play and love tech, an integrated platform style of coin that spawns other coins ad infinitum (most will fail, but the winners will carry the losers and the losers do not hurt the GetGame coin). Gaming also draws huge funding on crowdfunding sites - the biggest funded projects (25X the ask) are always games. It's the right market to tap and the right way to do it.
Also, insurance industry, legal industry, inventory tracking (Walton coin WTC does RFID and has a very large contract- a strong coin.)
DMD looks interesting - it's an older coin that stakes (you get coins for having coins) and has risen steadily for years - follow the trend.
Exchange coins - Binance is the best of these, but the market is way flooded.
Right initial market cap - Is it a trillion coins? That's an oversupply and a coin that will never, ever go up very much. Is it too low? only 5000 coins worth 5cents? The market will dismiss it.
Good team - are they experienced? Is there a holding period for founders coins provides incentive, prevents selling for quick money and killing the market)? Do they have pre-ico backers (savvy investors who see great potential)? Are they greedy - Ripple kept 60 billion coins themselves and put out 40 billion - who controls that market? (Don't buy XRP, imo -there's a shism with the founders and one has a LOT of XRP, but is in serious contention with the others.)
Investors - Iconomi has a digital asset array, but their coin is junk, imo. They just used it for funding and now aren't supporting.
Flaw in ICN is - coin is not integrated into the use of the platform. You can't even buy/sell their funds with their own coin. You have to use BTC/ETH. They threw their initial investors udner the bus, imo. At any rate, their fund is an easy way to diversify holdings and I think their fund coin is available on exchanges. (I have some on their platform).
Question in general is - Is the coin useful after the ICO or is it just a fund-raise?
"a rising tide lifts all boats."