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!
We recently wrote about the relation of the price development between BTC and altcoins, but think there might be some fundamental stuff we need to add on top. We cannot say it is a bad idea to trade altcoins in general, though we think there are several points to consider. So, if you want to have ongoing results buying/selling Altcoin it’s important to take the right steps. Please note: it is normal that sometimes a stop loss gets hit, don’t connect to hard with your chosen altcoins – it is all about the overall percentage value, which can define you as a profitable trader. This post is mostly about day trading altcoins, but much of the stuff shared, is also useful to know as investor.
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:
Celebrating the historic moment of crossing the magical 10k mark, we went a step further into the direction of mass adoption. Many People will come and try to get their feet wet with cryptos now – and for those, we want to present a brief entry into Cryptoworld. Overview of this Cryptocurrency Beginners Guide:
Around 15 blocks away by the time of writing this (at block height 495866), the Bitcoin Diamond Fork will happen. Again, free coins will be credited not all exchanges are supporting this fork. The uprising exchange Binance will credit you with 10 BTD (Bitcoin Diamond) for every Bitcoin you hold there. If you wish you take advantage, you should transfer your BTC fast to Binance.
Having cracking down the 7,3k again, we can expect a run up to 8k. On the other hand the volume is getting lower. Once BTC falls we expect to see it @ $6880 and Alts should shine again then. Bitcoin serves a tasty menu of cheap altcoins again and we are ready to order a nice menu. We will hold it strongly and probably just watch the show until the rush is over and we get back into the correction. We expect the coming December to be the month of the alts. Here are some of our high potential coins with a good set of news and bottom low prices right now. Waitress BTC, please take our order:
This is a common pattern, will update article later to explain the details of why and how this technical pattern works, along with the TA explanation to help you learn how to be a TA master! [coin-chart symbol=”BTC” theme=”dark” window=”1d”]
If you are want to buy any cryptocurrency beside Bitcoin, Ethereum and Litecoin you will have an account on Bittrex soon. Bittrex is without a doubt THE major player when it comes to trade altcoins, although the site has some major issues like their design on mobile devices. Bittrex has the biggest volume so your chances are good to get your orders filled. Oh, question marks? I see – we will take a more detailed look at the exchange and show you how to use it the right way. If you landed on this post, because you wonder what all this stuff on Bittrex means, you are probably new to trading on exchanges. This Bittrex guide shall shed a light on how everything works, so you find your way into the exchange and use it profitable. Note: You will see a slight difference between our Bittrex charts and yours when you open it. This is because we use a Chrome extension that a) displays the much better Tradingview charts over the Bittrex charts and b) shows you the USD value in additional columns on some spots. This helps to keep on track with your spendings and earnings, as especially if…
Crypto Week in (P)review; Bitcoin lead the market this week blowing past 5k before holding its advance floating just under 6k, ahead of the upcoming SegWit2x hard fork the buyers ruled the week. On the flip side there was a mishmosh of ALT coin activity, with some doing better then others, we saw Etherium get a late start but did play catchup to BtC, a bit late though and at first was to the downside. The star performer of the week was Litecoin, who advanced handsomely alongside the Bitcoin charge forward. On the downside we saw other ALTs falter, with Lisk – IOTA -BQX – BAT all held back from the likely money flow to the upcoming Bitcoin Fork. Other note worthy events of the week were as follows ~ • Russian President Vladimir Putin is heard to say that Russia will issue its own ‘CryptoRuble’ at a closed door meeting held in Moscow, stated from local news sources. https://cointelegraph.com/news/breaking-russia-issuing-cryptoruble • PNC Bank, threatens client with account closure for buying Bitcoin! Customer response was said to be “What di_ks!” • Julian Assange sarcastically says “Thank You! U.S. Government for 50,000% Gains on Wikileaks’ Bitcon stash they forced him to invest in back…