ETHereum parabolic overdrive. black hole modeon an insane trip ETHereum tried to live up to it's name (forgetting all issues, mining/production costs at $15 (!) and competiors)
and it tired to even surpass the hype cycle's parabolic up to maximum (90%) slope and defeat the time - But you cant go back in time. - So ethereum may crash more than expected (- or vanish completely and move into the black hole?)
Poloniex
My NXT/USD outlook for this week. (Poloniex)It looks like NXT/USD is reaching for the $0.10 to $0.11 cent, and then I would expect a pullback into it's long-tern channel to the $0.85 to $0.75 cent.
Of course as always will depend on Bitcoin movements.
Looks like Digibyte (dgb/btc) has found a good bottom support.So with Digibyte's recent drop, looks like it has found a nice comfortable bottom support.
HUC final pump for weekendHUC to .000131 then failure.
Rise beings at .00010801
Get your final pump soon
The State of Gambling in Crypto ( indicator: Clam / Clams )Clam / Clams is an old "concept-coin" distributed free to bitcoin/litcoins/doge holders who wanted it, proportionally to how many other coins they already got
But thats about all!
The developer github.com seems to run a dice/casino website for it. (Which made it to the top 1 million websites in the world, at least something, that clamcoin.org itself did not achieve. And there were zero news posted on the site...)
Gamblers gonna gamble?
Dont short squeeze and long squeeze eachother. It is evil
Common description: "i dont know what it is but let's pump"
Poloniex acts like a casino according to CLAM, to keep this on margin trading still while dropping other coins from the market completely that are still more actively developed.
So this coin may be the first people will escape from,
while the crypto hype cycle bubble is nearing an end upload.wikimedia.org
While i hope you appreciate the information above and mind the gambling factor in crypto,
this is no trading advice and you may seriously have better to do than trading clam.
Here is the current LTC/USD, will need to break these resistance*Note my previous LTC/BTC chart.
As Bitcoin price rises, Litecoin price will/should also rise in USD, but not so much in its BTC value in comparison.
LiteCoin will need to break through these resistance areas, for it to show us where it will be headed.
ETHereum !!SELL ALARM!!! Today is your lucky dayHave you got any ETH still here and there,
bought for $0.5 each?
Think harder! They are well above $200 now!
Foundamentally Ethereum is an interesting competitior.
And most popularily representing smart contracts.
And there is a personal figure and a foundation supporting the original Ethereum, which is an interesting contrast to bitcoin's annoymous founder
But:
1. it is by far not the only solution for smart contract programming.
2. there are many times more ETH than BTC on the long term
- so the current price would make Ethereum's market cap worth more than Bitcoin already soon.
That is not sustainable yet.
3. Ethereum would need to prove a lot still and for years, before overtaking bitcoin sustainably!
But it may not, because nice extra features are also "unecesssary code", when you only need a currency.
(And there will be several more, very serious competitiors. )
4. Ethereum contracts may also run with bitcoin through different projects / bitcoin sidechain: www.rsk.co
5. Of course Both keep improving.
Ethereum even seemed to catch up in 2015.
But bitcoin still has more developer attention constantly.
And now the amount of contributors / contributions keeps growing for bitcoin (unlike most other other cryptocurrencies )
github.com (growing)
VS. github.com (shrinking, looking almost inactive)
6. Not everyone understands/wants smart contracts.
Some smart contracts may come in handy for many people in future, but not everyone will understand or appreciate their power.
The pargidm shift (that you dont need many third parties / trustees basically who take extra fees. ) maybe a bit harder to understand than bitcoin and to imagine benefit
7. While for the following years the next broad practical milestone for the Crypotnomy (Crypto Economy) would simply be to reach up to the size of paypal, one day. And thus also, maybe life up to the size of the current bubble, allowing a next bubble/new dreams...
Clam just above that trendline right there.Really nice entry point on clams, this trendline seems to be holding. + Theres a good chance that altparty comes. Mewn!
Dash MIGHT see pullback about $160 ($180 ?) DASH/USD (Poloniex)Just an FYI for you to keep in mind and watch for. This looks like a pretty strong channel. The $160 to possible $180 USD looks like will be a top for now. With a possible pullback to the $120 - $130 Range, which would be the .786 Fib line.
I can see it hit the $190 - $200 Range around July.
Of course all the Alt Coins have a strong dependent on what bitcoin does. As well as any braking news, new developments, etc.
Happy Trading