Cryptocurrency

[BR14]

Hold the front page!

https://lambodreams.com/2018/01/21/s...hini-roadster/

a car, - not fiscal currency.

[chef]

Well after lots of research and several small investments over the weekend I’m only seeing green on my portfolio summary.

Who thinks we have hit the bottom? Or do you think its simply Monday morning trading?

[VirtualMonkey]

lots bouncing back up this morning. QTUM doing well...presumably because it's just been paired with USD on binance

[scooterscot]

Who thinks we have hit the bottom? Or do you think its simply Monday morning trading?

The overall crypto market is just a smidge over $300b. Some weeks ago it was over $700b. The crypto market is expected to hit near $5trillion in 12 months.

I'd safely call it bottom if you're holding for this year. You'll never see returns in this year again in your life.

[VirtualMonkey]

Watching SNTBTC right now. It's had a bit of a tear this morning and is looking like it's either just finished wave 4 of a larger wave 1 or wave 2 of the overall larger impulse. hard to tell at the moment as subwave 1 (if that's what it is) is difficult to make out. i'd say there's a good chance to sell and buy the dip coming up

[Jog On]

The overall crypto market is just a smidge over $300b. Some weeks ago it was over $700b. The crypto market is expected to hit near $5trillion in 12 months.

I'd safely call it bottom if you're holding for this year. You'll never see returns in this year again in your life.

Initial G20 comments are quite bullish so far:

“The FSB’s initial assessment is that crypto-assets do not pose risks to global financial stability at this time,” FSB Chair Mark Carney said in a letter to G20 central bankers and finance ministers who will meet in Buenos Aires on Monday and Tuesday.

https://www.reuters.com/article/us-g...-idUSKBN1GU0SF

Carney is showing muppet bahaviour though

Carney calls for crackdown on crypto-currency 'mania'

I'll be very happy is this is the bottom and now lambo time. Ideally I'd like to be loading up now but I'm not going to get into short term crypto trading until this correction is over and we're in a bull trend. I wonder if the pump & dumps we saw in alts will return - I'm kinda looking to that to build my major coin holdings. Not joining any schemes just buying unpumped alts, setting profit targets and waiting until it's their turn.

[VirtualMonkey]

Currently looking for:
QTUM to hit about 0.00198 and then I think it will retrace to about 0.00173-0.00168ish. Confirmation would be price going through 0.00189
SNT to hit at least 0.00001700 (possibly up to 0.00001950) before retracing. Not sure on the level of retracement that's likely until we see how high it goes on the next impulse. Confirmation of the impulse for me would be price above 0.00001500

[scooterscot]

Have not been day trading since some point last year. Sure if I see a coin getting pumped over 24 hours for no reason I'll take advantage for coin accumulation otherwise, keep holding and carry on.

[VirtualMonkey]

Have not been day trading since some point last year. Sure if I see a coin getting pumped over 24 hours for no reason I'll take advantage for coin accumulation otherwise, keep holding and carry on.

I'm doing the same but it raises a point...is doing that classed as not holding the coin and therefore a reset on the timer?
Would it be the same if you made your coins available to be shorted by someone? Technically you don't own them for that period when they're in use.
just not sure on that.

[scooterscot]

No idea. I hold in BTC until I go back in. All the matters for me is not to hold in fiat. Far as my accountant is concerned, the moment I put any crypto back into fiat that's when he's to be recorded.