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Hype

Lest be reali(OTA)stic here... simple long term investigationFirst of all : trend is not our friend now - it's a bad a$$ which makes it all awkward. Out of all of fantastic projects out there IOTA is more unique than any other. Not a blockchain but tangle, no mining, no fees, no Satoshi Nakamoto -but yet it resides in top 10 cryptocurrencies in marketcap for number of months now. Many will approach me here proposing ice bucket challenge - but let me tell you something - this project have HUGE potential... in long term. Currently on 1hr we can see falling wedge as sign of possible bullish movement to the upside for shorts - I would be careful here however with statements that we're going up due to serious resistance and other indicators which states otherwise. On 4h we finished last 5'th part of Eliot wave at 3'rd of June and now we can see that head and shoulders pattern is forming confirming movement to the down side... In my opinion if market will not go sideways by 11'th of june we will be back at 1.35$ levels. 1D presents ONE MASSIVE descending triangle with HUGE resistance at 1$ levels and that's nothing short of one enormous bear sign. And than there's 1W ... with history of BTC skyrocketing until fuel was lost in December, since we're just gliding down on one massive parachute of adoption in areas of stratosphere... and in my opinion - there is land (and horizon) not waiting for us not that far. I've read article today somewhere that until now Bitcoin was dying at least 300 times... 299 times it always went back to where it was before. Just on this simple rule we can assume we will see same levels we reached previously in future - not because of logic, science, and unbelievable properties and advantages of cryptocurrencies but by greed, newbie traders and hype related to market cycles. If you're patient enough to wait - wait and stay positive, remembering excitement from the past when everything was going so well, so easily that even chasing stop loss was nearly impossible :D Since it's IOTA's investigation just imagine, that developers are working hard on block-chain in order to decrease payment fees and improve speed of transactions - with IOTA it was sorted before tangle was created ! it's fee free algorithm which speed depends on amount of users - the more adopted the technology, the faster it is (in order to create transaction from your own device this device must first confirm 2 other transactions !). Now let it sink in ... since all cryptosphere is more-less based on assumption - is this a good concept ? I think it's ok to accumulate... If you're a trader don't ignore our rules, levels, theories - remember of capital management and strategies which works best for you - in the meantime... Let's trade...
BITFINEX:IOTUSDLong
by crypto_poet
7
BTCUSD: Taking a Buddhist approach: Seek the middle ground.I'm fairly new to the crypto-currency markets, but have thoroughly enjoyed reading the extreme dichotomy of views. Today I'm hoping to add a more "middle of the road" approach. I'm not discounting TA by any means, but I'm going to say some things that might be contradictory to many points of view and I welcome all constructive criticism in return. After all this should be a place of thought exchange, not a place of ignorance. Looking at the entire bitcoin lifespan there have been some wild swings. I don't think any one would deny that. However, taking into account the highest highs and the lowest lows, the middle path is probably where we should be setting our sights. We know how high BTC can go and we know how low it can go; every self proclaimed TA expert out there tells us where it should be at any given moment. What's strange to me is that every one should in essence understand that it can go up and it can go down. However, I don't think people are listening, they are only reacting. Let the following put some newbies at ease. If year end estimates put BTC at $4,000 on the low end and $25000 on the high end, lets say that in reality at the end of the year it should be somewhere in between. All likelihood it will probably finish out the year at somewhere around 11.5k. If we close above that awesome, we're ahead of schedule, but we'll probably see a down turn. If we close below that, wait a few weeks, I'm sure we'll meet the metric. Next, I want to thank all of the hardcore bears out there that think bitcoin will be going down to zero. With out you I couldn't have improved my position. In DEC I bought some BTC for a crazy amount just to have some skin in the game. What this drove me to do is ask some fundamental questions as an economist. "Why did I do it?" "How should I approach this?" "Does crypto-currency actually fulfill a need in society?" "Is this a long or short term position?" Let's just say now after answering these questions I own about ten times the amount at about half the price. With out the bears and short-sellers driving the market down, I never would have been able to put myself in a better position. This leads me to why I'm long term crypto and diversified. I don't care how much markets go up and go down. It makes no difference to me because I'm not expecting to get rich overnight. I've never wanted to own a Lamborghini. Drive one, sure, but not own one. Looking at the steady rise of crypto even on the lowest of lows, it's an emerging market and it definitely isn't going anywhere. I can spend day in and day out trying to make 1% or I can spend my time doing other fun stuff. As for diversification, it would be great if every crypto I'm in always went up and never went away. In reality the failure of one crypto means additional funds to another. I'm going to conclude with this thought though. We have some of the brightest minds in the world working on crypto-currency right now. If you tune out the noise you can easily see that it has "the potential" to be world and life changing. (Long) But why do we see such crazy parabolic increases as of late? Do some research into the Keynesian Cross and market adoption. Developed nations have an advantage here in the adoption cycle because we can receive more information more quickly hence the rise of incoming money. Yes the market cap rises and decreases. Again, look long term. There are certain low points that you just never see again. Secondly, this is going to cause some leap frogging in technology. Just as third world countries never adopted landlines because cell phones were easier to implement, a lot of third world countries are never going to adopt traditional banking systems and go directly to block-chain and crypto-currency. When that happens, it will be the equivalent of a double injection of capital into crypto-currency. First the institutions of the developed world and then secondly the rest of the world.
COINBASE:BTCUSD
by whiprush3
Long on EOS/BTC, best mid-long term investment in the market.EOS is still in its ICO phase and its marketcap is top5; on top of that the project is solid, and its been on a year-long ICO, which means it's probably the most DECENTRALIZED cryptocurrency out there, unlike those PRIVATE and then PUBLIC ICO's. It's lately showing signs of trading irrelevant of market ups and downs, and sometimes even going against it. We recently had a speculative bubble taking EOS price to around $22, and also 0.0025 BTC. This FOMO rally was caused by smart money getting ready for EOS' release in June 2nd. Smart money is buying right now. I can't guarantee you that EOS/USD will surely moon, as the whole market could just crash/go down again if the bearmarket is reestablished for one final big red week/month. But I'm fairly sure that EOS/BTC and/or EOS/ETH and/or EOS/anyothercryptoavailiableformargintrading will absolutely fucking moon. So if you bet on EOS in relation to BTC (in other words, going LONG on EOS/BTC) you're very likely to get great profits at a very low risk. Right at this moment EOS seems to be in a consolidation phase, cooling off of a FOMO-ride (aka mini-speculative bubble). Consolidation phases are usually marked by low volatility, and can be interpreted as "late distribution" and "early accumulation phases" in bear/bull market cycles, respectively. Entry point: Anything under 0.0019 Targets: At least 0.005 by May 31st. After EOS snapshot/mainnet is release, expect the price to tank. Close your longs slightly before the release or slightly after it and you should be good. If the Cryptocurrency market continues on this uptrend, or consolidates near where we are, I expect EOS to be hitting at the very least a price of 40$. Very likely to hit 60$.
Long
by bgrandimbtc
3
Bitcoin - stick a fork in meWhere are we on the Bitcoin/crypto journey? This log scale chart roughly guesses at different stages on the Gartner hype cycle. We might still be on the way up to the peak of speculation, we may have peaked, and the chart also imagines that this asset class might continue to grow more modestly than it has previously done, up to September next year. And maybe that's a reasonable assumption, as this might be the year that scaling and mass adoption of blockchain gets cemented. With Bitcoin reaching its tenth birthday next year, it'll be interesting to find out. Let's see how well this ages.
BITSTAMP:BTCUSDLong
by moorbles
1
The next hype, I guess!Neblio could be the next hype I belive, API suite coming. API in Q1, marketing launch in Q2. It should be a good year for Neblio. Fundamental Neblio was born 1 year ago. I regret not picking it up earlier. Huge returns given on this one. However, 10 days ago I bought it. Looking for a 5x increase or so. We got a hypeable launch of API suite coming, and the rest of year is looking attractive as well. What I love about the Neblio team is that they are always ahead of schedule! In cryptoland, things move quickly. Gotta keep delivering. Please have a look at their January 8 development update. NTP1 protocol delivered much earlier than expected. And it's an important delivery. We got a hard working and serious team, it's on Binance & Kucoin. We got things to look forward to, the general market is looking more bullish by the day.. I believe its a good time to buy some NEBL :) Head over to their website if you're interested in learning more about Neblio. But shortly put, they want to make it very easy for the enterprise world. Many languages, etc.. I dont know much about it, but we got this coming up in 5 days as well: "The Shipment Service". Technical I posted this in Koinworld 10 days ago. Obviously too early, but gotta expect that sometimes. Still a healthy and good market :) Bought at 28 USD aprx. Last run NEBL went up an astonishing 1007% . Could we do it again? Perhaps. I am aiming a little lower. I am looking at the two 2.618 . That's my target for now atleast. More based on the hype possibility and fundamentals than TA. NEBL has been added to my Portfolio. Please read my recent blog post to get updated on what I am doing! :)
NLong
by Kryptokelly
23
Fractal cyclical idea for ETHBTCIf the fractal pattern repeats, we could see a pretty bullish few weeks ahead soonish for ETH. This would fit the 1 year ETH hype cycle. Imho, ETH is pretty undervalued right now. Metcalfe price is way above 1000, since the number of users and the number of transactions has kept growing exponentially, yet, the price of ETH has not grown a lot compared to other coins, in the last 6 months. Therefore I think that we will see a pretty nice ETH rally in the next months.
Long
by SebastianofMoon
"Real value" of BTC, thoughtsAs a result of the ongoing fall of BTC, there is a lot of talks going on about the "real value" of BTC and the magnitude of the hype. Here is my take on it: - before the last, normal-weekly correction (2015-01-25) highest-OBV was 2,2m. At this OBV-level the close-prices were 920USD (2013-11-25) and 2349USD (2017-05-29). - let's accept 2017-05-29 close price as a "real price": 2349 USD (at OBV 2.2m) - since 2017-06-05, OBV has grown roughly ~30%. -so superroughly 2349*1,3 = 3054. (which - by the way - corresponds quite well with middle level of Keltner 100, 1.618.) -so i n my mind BTC is ~4 times overhyped and running without any weekly correction since 2015-01-02 (!). Weakness of this line of thought: - OBV-price relation is more complex - Daily-based corrections might do for correction in such a speedy market - BTC-beleivers says that the promise is a new financial system and the value isn't the market value. Personally: - I think it is overhyped, but will not fall as of now - The continuous hard-forks feels spooky to me (26 by now?) - Winklevoss-twins as a face of bitcoin do not correspond in me with Satoshi's or Szabo's freedom-loving geniusness, dignity and goodwill. - The way in which Winklevoss-twins-billionaires boosting the hype feels somewhat irresponsible to me (cryptos are risky, and if down the line BTC falls big, small Jennifers/Joes will lose, not them) -- they feel like "a man who knows the price of everything and the value of nothing." This is NOT a trading advice, but comments/criticism welcome!
BITSTAMP:BTCUSD
by bricoleurs
4
Time to turn on the POWER!With the current state of cryptoland, this coin should get a decent pump! Fundamentally solid, and with a sligly undervalued marketcap I believe. Fundamental So yesterday we got some good news from PowerLedger. Thai-Government backed BCPG agreement! That's substansial and should increase the hype. It's a new coin, and there is a lot of speculation money flying around now. That's what I think could equal increasing demand for the short term. POWR is a little difficult to fundamentally judge. It's very techie. However, I like the team and it definetly looks like they are doing a lot of work and have some important connections. That's enough for me to invest for the short-mid term. I see a good risk/reward ratio. But I would recommend small percentage of portfolio. Technical You may know that I don't like to draw on BTC parings. If there is no USD pair I tend to go much more on the fundamentals. However, I have added on some fib levels to where I think we could face some resistance. And the pitchfork is always nice to follow for support levels. My target for this trade is around 16900 SAT. I have added it to my Portfolio-Spreadsheet . Where you can follow what changes I make in my hodlings.
Long
by Kryptokelly
65
Possible tops of this BTC cycleThis one is pretty self-explanatory. I drew the logarithmic trend channel, and drew a repeat of the 2013 cycle. If such a thing were to occur, the new target estimates are 50K for the first top, end of december/ beginning of january. Then bouncing between 10K and 30K for a few months like in summer 2013. Then the end of this hype cycle at 100-200K. Then a pretty brutal bearmarket like in 2014 and 2015. Then the start of the next hype cycle after the halving 2020.
BITSTAMP:BTCUSDLong
by SebastianofMoon
17
Let them chinese make us some cash :)Last week I posted #hypeoftheweekend with Bitcoin Gold . That idea gave me a nice profit off almost 100%. This weekend my eyes are on NEO and China! I expect the same result :) Buying at 37 USD, selling at 88USD for a profit of 138%. Fundamental On 21.Nov the " Blockchains in Fintech " event goes off and we have NEO founder Da Hongfei as top speaker. NEO is also trying to hype up the event beforehand: twitter.com If this will be a repeat of the SWELL conference with Ripple, time will telll, but I feel that risk/reward is good enough to enter this trade. The chinese goverments eyes is on crypto, and that may turn into incredible news for NEO. The chinese are still very important in cryptocurrency, and NEO should be in your portfolio for the long term. Technical I expect to hit the 1.618 fib and complete an Elliot Wave within the channel in my pitchfork, depending on what we get out of the conference obviously. When you trade you need to be open to everything can happen, and adjust your mindset when things do happen. But at this moment I believe what I have drawn will unfold. Time will show, and I'll try to update this along the way. If this trade goes the wrong way, I am looking at that trendline. If it breaks, I am getting out. Numbers Buy: 37USD First Sell: 88USD Second Sell: 139USD Stop Loss: Below Trendline
NLong
by Kryptokelly
17
Autumn Hype CycleFirst of all, I'm not a pro trader, I only got into trading cryptocurrencies earlier this summer in the last hype cycle, this is purely for personal speculative purposes and out-loud observations so I can be proven wrong in the future. It's funny how this current hype cycle began, Altcoin traders started dumping their coins into BTC about a month ago to get in on this upcoming fork, and because so many people made a move at the same time around middle of October, it jumped from $4200-5700 in a matter of 10 days. What happened is that triggered a price event which caught headlines, and the media has been having a field day with it. That new wave of Bitcoin in the media is bringing on a whole new wave of crypto newbies (just like me a few months ago), with Coinbase signing up 100K new users in one day, who are buying at these crazy volatile levels. People heard a fork is coming, though nobody can explain what a fork actually is, it's just free money, isn't it? And so confusion is accepted as the norm, and people just keep buying on headlines that one Bitcoin will eventually be worth a billion dollars. I actually read that in a headline, one billion dollars for a Bitcoin, some people believe that. In the last few weeks, looking at the volume spikes, you can see some big whales in the pool who are making an absolute killing on these price pumps, and those whales are smart cookies. The average whale could own 1,000-100,000x more than the average Bitcoin owner, and they're often playing with other people's money, who need to see a hard return in fiat. A lot of this new money is not people who 'believe' in Bitcoin as the future of currency necessarily, though they are smart enough to see a hype cycle and know how to extract massive profits from uneducated first time buyers. With Segwit 2x futures peaking at only 33% of the price of Bitcoin, and this last bull run seeing an over 100% gain, just do the math, a whole lot of people are going to loose a lot of money after this fork happens, and the whale traders are going to have very very nice fourth quarter reports to take home for Christmas. Honestly, look around, people are primarily gaming Bitcoin to make money right now, which is an important network effect for the overall ecology, though in my opinion is not the original spirit of the technology. The culture is being over-run by speculators who fill up blocks with quick turn-around trades. With Segwit 2x fork lacking re with billions in newbie money coming in, I can see this being a recipe for disaster. No way around it, a whole lot of people are going to loose a whole lot of money on Bitcoin in the coming weeks. The loss will be in the magnitude of tens of billions of dollars. Money will be lost through replay attacks, people sending funds to the wrong networks, and a general price collapse. The FOMO traders are in it for a quick buck, they're not in it for the long game, so when it crashes again, human nature is to buy high and sell low. Every trader knows that the opposite thinking is the only way to make money, so I can see a pretty harsh hangover coming up right after this fork. That said, we're in crazy new territory here, and I'm glad we're finally getting an alternative to fiat, although I would like to see crypto adopted more widely as an actual payment method where goods and services are being exchanged, rather than just the price speculated on. These hype cycles don't exactly facilitate my ideal use case for cryptos. Those are my thoughts on Bitcoin today, and one thing I've learned is that Bitcoin doesn't care at all what I think, it's a wild beast that has it's own way with things. Happy trading guys, I'm selling a portion of my Bitcoin now for Litecoin and other alts with hopes of advancing my position in BTC after this fork. #hypocrite #famouslastwords #thisisnotinvestmentadvice #hodlordie
BITSTAMP:BTCUSDShort
by ansonphong
3
Delusional Lisk Moon Dreams Lisk might face some resistance with this potential rising wedge so depending on your risk tolerance you could try trading it. I doubt I will try to trade any highs because I am completely consumed by moon dreams. I am all or nothing going to take profit at 0.003 and then 0.0045. I got fucking rekt on cripple with a margin long and in true market autism, traders bought the rumor and sold the news, leaving delusional margin longed moon autists like me, bag holding just in time for xrp to dump harder than someone with chronic diarrhea, liquidating us all. I didn't practice any risk management, didn't use a stop loss and was absolutely shrouded by moon dreams and hype; the end result being fucking rekt RIP. I then closed at the bottom and now thats all said and done ripple might moon for I have bought high and sold low and the whales have successfully taken my btc but i am fucking done with that coin, on to alternative moon dreams now. So after that background information we can conclude that I am chasing profits but this time trying a more long term buy and hold strategy for these meme coins. As far as I know you cant margin trade lsk like you can bts or ltc which might be a blessing in disguise for me as I am prone to full margin long induced REKT and then venting my frustrations at the expense of everyone in the trading view cryptocurrencies chat. I am full margin long with bts and ltc and its only my delusional moon dreams keeping me from getting rekt whereas with lisk I cant margin long so I can just HODL indefinitely until it reaches ath at least which I would say has a good chance of occurring because the SDK and rebranding are coming out supposedly in q4. Also lsk is very well funded, has a HQ in the business district of Berlin and is one of the most transparent alt coins ive seen in crypto. I can only see lisk dumping to the lower green lines if LSK is hit with very bad news either before or after SDK. If that should happen depending on the news and the state of crypto and BTC, I would most likely sell my rusty shit car and buy lisk depending on how bts and ltc care going . LTC BTS LSK are my current longs and now I am now 100% in alts. Hopefully I can make back my life savings and get out of REKT status. Good luck and do your own due diligence. Dont trust my trades because im a shit trader. I wonder if I lose everything by next year and am back working for minimum wage.
Long
by captrade
5