Listening to the forums and chat rooms about the next Bull Run on Bitcoin can be a pain. One can smell the invisible vibe of fear that the bubble has burst, fought down by lots of Hopium that just makes no sense. It smells like cold sweat and dirty teenager socks when all these hope-driven discussions climax why Bitcoin shall start a hyper-run to 50k next week. We had the Chinese New Year, the tax season, the Wall Street boni and countless other reasons pulled out of thin air to not lose the faith in Bitcoin. Desperately woven, highly speculative assumptions, followed by one thing again and again: disappointment. And while we don’t know when the rocket will take off, we have collected some profound reasons, why we think that we are not lost – but sitting in the loop of a very promising waiting game…
Our friends from CryptoMedics send us this Market Update to share with you. We found it useful and thought you might enjoy! We have mentioned it many times-this markets are heavily influenced by manipulation. Now, the US is even investigating bitcoin price manipulation. Will that change anything? No, we don’t think so. If you want to understand manipulation, please go back to our APRILS NEWSLETTER– we have given you an easy explanation.So, what is going to happen to BTC? Bitcoin is not following any rules when it comes to TA at the moment which indicates manipulation. When it comes to trading we have two major players:
Everyone’s aunt and his dog Chewy are so convinced that the next Bull run will begin with the Consensus conference, starting in a few hours. Bitmex junkies sit in front of their monitors, waiting for the “PUMP” with their nerves to become caressed by the neat “system overload” feature of the trading exchange. We, at Smartoptions.io, would love to see more of a slow and steady growth, but what does Bitcoin care? Exactly. As most Altcoins are still in shock from the last dump Bitcoin has issued, there are some opportunities to grab some red-hot items – not because of Consensus, but with Consensus in mind. Many crypto blogs and websites hyping Consensus across the place right now. We thought this might be an interesting chance for a nice experiment. Will an altcoin portfolio of Consensus sponsors perform better than a Big 5 portfolio of Bitcoin, Ethereum, Ripple, BitcoinCash, and Litecoin? Let’s go shopping and run these against each other!
Biggest blockchain and cryptocurrency event When: May 14- May 16 Where: New York Hosts: New York Economic Development Corporation + Coindesk ____Retroperspective To understand the massive relevance of the Consensus event you have to take a look what impact this event had in the past. After the Consensus in 2017 the whole crypto market saw a massive gain of 26% of the total market cap! Here a few examples:
The above picture is the average person freaking out when the market does not go their way. This is Jill, PLEASE we repeat! Don’t be Jill… “Jill is an adrenaline junkie, unfortunately she is an adrenaline junkie in trading crypto. Jill will buy a coin just because somebody on trading view screamed that it was going up 500% next week! Jill will sell any coin as soon as she reads on coindesk about some China news of them banning exchanges/ICOs, which they do about a few times a month it seems. Jill trades with her thoughts and feelings, she is always right even though she only loses money. Jill thinks it all is a conspiracy by the government/Hollywood to keep her down.” In short as you see here, Jill has issues and has no idea what she is doing. Unfortunately the majority of newbie traders have this un-solid emotional state. Jill is caught in the EMOTIONS trap vs real objective knowledge. When starting out in something new, you will be in that realm. It is normal until you learn the ins and outs of trading Bitcoin and other cryptocurrencies. Here are some steps you can use to learn to control…
Did you ever try to find the next super cheap coin or token, which you can buy for just a few cents/satoshis? Nothing can go wrong with a 5sat coin, right? Once it shots up to a dollar you’re a made man – so why not take a chance? Or another route: Why not research Coinmarketcap and spread buy orders over all these cheapos?
We are in a bear market right now, and whilst there are first signs for a starting uptrend that will take us all to 40, 60, 100k (of course), we likely will see a few dumps until this is going to happen. When we started with Cryptos everything was so easy – money was lying literally on the street. You bought some coin or token you never heard before, just held it and one day, magically, it’s value has doubled, tripled, quadrupled and we all have been able to feel a bit like a modern Warren Buffet. Yeah. Those have been the good times – and then the bears took over. Bitcoin goes down and tears all the altcoins along with it. Too bad, we can’t profit from falling prices, right? But who said, we can’t actually? There is Bitmex… (and with the opportunity comes also a very sad story, read on…)
The next bull run seems to be around the corner and there are odds that we can see it starting by mid of March. We did some research on how we will design our portfolio for this scenario and how we would spread our funds for it. This is more our long-term investment to exploit this upcoming bull run of Bitcoin. As we have seen many good coins tanking hefty within the last weeks, we stay very conservative in this approach. There are many undervalued coins and tokens out there, but look at the amount of ICOs popping up, look at the number of new projects hitting the markets – the total market cap increase is not in relation to the new coins and tokens, we can’t see enough money around to see the majority increase significantly. Actually, we expect a huge wipeout of several altcoins within the next months, so we stay on the safe road with the selected projects we invest in. We also filtered out projects where the price has been artificially pumped short-term with spread fake-news about never happening partnerships. This might be cool for some quick pump-and-dump-bucks, but we suspect it the legitimacy of the project in…
If you are in Crypto for some days, you know what happens if Bitcoin runs, right the alts are bleeding. But instead of going all panic, we decide to BTFD – we Buy That F#cking Dip! We see the market in cycles and it is important to understand and exploit those right. Right now BTC recovers (current price: ) from its recent drop, as it seems to be noticed as “safe haven” asset, aside the common known financial markets. Kim Jong Un is doing crazy things again, the financial markets react (in a way the most asset holders don’t like too much) and people are panic selling. They search for shelter in this thing they heard about so often recently, this Bitcoin or so. “I want to buy that one, that always goes up!”, “I want the same thing this PayPal guy has bought. However, Alts are bleeding and we don’t jump out of the window, we fill our bags instead with top-notch coins that are likely to recover fast and we often buy in this state of the BTC / ALT cycle. Here are our Top 10 Recovery Coins:
With the unparalleled success story of , chasing one all-time high are after the next, people start asking themselves why they actually trade altcoins. A relevant question, that is yet waiting for an answer. Many people start to – at least – worry, not to say panic, if they see red when looking at their portfolio of ALT coins. Yes, it can be frightening, but hey: You are trading a highly volatile/young market – you trade them for a reason: High risk, high rewards. The question why to trade alt coins when BTC is constantly growing is still open. Well, look at the picture percentage wise – if you refuse to sell in a loss, you can grasp double digit % growth rates in a few days, last example is is XLM for example, which shot up over 40%. How long do you wait for such a growth with BTC, where the price is already very high? The sharp eye can see some cycles repeating over and over again, thus look to take advantage of them: