Counterparty vs Bitcoin good investmentHas anyone though of buying Counterparty coin, web i really have plenty of hope on this one well if you wanna know what is counterparts here is the details.
{Counterparty is a financial platform for creating peer-to-peer financial applications on the bitcoin blockchain. ... The protocol's native currency, XCP, is the fuel that powers Counterparty. It is slightly deflationary, with approximately 2.6 million XCP having been created by burning Bitcoins in January 2014.}
Currently it's worth $22 a coin i believe in coming years it will be a boom as there is very less supply of Counterparty in the market, I personally own 6 coins on this so far not bad investment though.
Counterparty
Counterparty is clearly a buy hereOne of the HUGE HUGE overlooked projects in the midst of the current cryptocurrency boom. I was rather surprised that the price against BTC have been kept that low up till now.
Counterparty relies on the bitcoin network for security, and implemented as a side-chain. It does not actually compete with bitcoin, but in a way it complements each other.
Counterparty provides functionality beyond the reach of Bitcoin. For instance, smart contracts, decentralized apps, crowd funding, domains, digital tokens just like Ethereum did.
Transaction cost
A counterparty transaction is really a transaction on bitcoin's network.
For instance: counterpartychain.io
and on blockchain.info: blockchain.info
At the moment transaction cost on Counterparty is significantly higher than Ethereum given that you are actually writing on the bitcoin network given the congestion.
However, that could be fully solved with the upcoming Lightning network that will be implemented on bitcoin. It is not a question technically.
Such a feature in Counterparty are still currently under development.
Mass adoption
I believe that connecting all blockchains is the final step of mass adoption in cryptocurrencies, and Bitcoin is well positioned to be the center of such a protocol of the future.
Remember the days before the invention of TCP/IP protocol where the 'internet' is only limited to a certain area/geography?
The real power is unleashed when a common protocol is used, that enable connection from many local network and intranets that becomes the global network we are used to today.
Price
In the long run, Counterparty is really the next closest competitor to Ethereum.
With the horizon of 1~5 years, I believe Counterparty could easily 10x~50x its current 40 million USD valuation given the fact that its supply is only a measly 2.4 million.
Technically?
Dont you love that nice bottom at 0.003~0.005 for the past 3 years? :)
----------
Cite
Why connecting all the Blockchains is the final step for mass adoption of Cryptocurrencies:
bravenewcoin.com
Counterparty (XCP) Long Longterm - Long/Short ShorttermLongterm (1/2/3 weeks) target for 80% pump. Short term retracements possible.
counterparty next partyCrazy oversold curve happened, accumulation strong. Even through I never agree on trading volatile coin with graphic up and down. But only truth is counterparty is going to get pumped. Plus the price was 10 x higher than now, potential way to go.
Counterparty Bull run to 50% ATH.Look to take profits at the green lines. On the Fib Retracement tool, aim to TP @ 1.5, 2, 4, 8 and 16.
Look at the attached idea to see monthly, long term structure.
XCP Long Term Investment.Formation of bottoming pattern and start of bubble cycle. Positive trend with long term support levels, aim to take profits at the green areas. Save 10% of initial investment for price action breaking highest high.
Counterparty [XCP] - The exponential late bloomerGood evening dear followers,
Tonight I provide you my favourite investment for the coming week(s), namely; Counterparty . With the growth of the whole altcoin scene it is inevitable to predict growth in specific altcoins, though I still try to stay rational and seek for undervalued beauties. In this case we stumble upon Counterparty. As to be seen in the chart, the longterm wedge is being broken (purposely drawing the line through unnecessary wicks/daily (shakeout) closes due to irrational market behaviour. XCP has not gotten off the ground yet, and is mainly awaiting to be fuelled by positive news that is occurring at the 22nd of May. On this day, Counterparty will execute a hardfork which will add several features including a massive transaction cost reduction throughout the chain. On a further note, SEGWIT seems to being added in the near future. Bear in mind that these two fundamental news, will form te foundation of Counterparties' extreme incoming hype, which will result in massive volume increase as well as a surge in prices. First target is the first fib target, from there retrace before the next legs up will occur.
I hope to have informed you properly enough, may you have any questions feel free to drop them in the box below.
Trade cautiously and may the profits be with you.
Kind regards,
Gabriel Molenkamp
Appendix
counterparty.io
Counterparty / Bitcoin trading close to major supportTriple bottom marked (three orange ticks) combined with GAPS (black parallel lines) above psychological level created very solid support. In my opinion it is good idea to wait for the pair to go close to the 0.0020000. I would look for 0.0062000 area as the good TP but there is a chance that 0.0050000 will most likely bring some interesting price action.
I would wait for some kind of confirmation that price will go north (hammer, engulfing candle, etc.)
XCP is about to explode, according to this fractal match.Match of patterns found right before the most recent large spike, following patterns suggest a huge breakout soon, it has passed the first fib retracement line I placed to estimate profits. Zoom in, out, and around for yourself if you'd like to see where I've marked the point where the price will go.
XCPBTC Triangle in actionPossible move to 0.0037-0.0040 after that only up to break the triangle and go to 0.01224.
