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Cyrptocurrency

The Second Seismic shift in crypto...We are at a critical point....and if BTC.D at 70% doesn't sound alarm bells that something important is happening then you are just not paying attention! Whats happening? During the ICO boom BTC began to lose market share to billions of dollars of ERC-20 token along with the birth of ETH and XRP. BTC had to share the attention of the evolution of smart contracts brought on by ETH and the belief that XRP was going to bring a banking revolution. But the death of the ICO boom was a lot slower then everyone has understood...death in markets occurs in stages as faith dies. The truth is while BTC and was rising again, the ERC-20 tokens (with some minor exceptions) where dying - and the death was slower. Before that cycle could complete, ERC-20 and BTC needed to be tested. They both passed with ERC-20 barely surviving around $70/token - but they didn't go to zero (yet). The truth is that there is limited expansion to cryptocurrencies in the current phase, as we slowly exit the bear. And you really need totally capitulation for a bear to die. That process is working its way out in ERC-20 tokens - with many of them dying hard. So where does the new money go? It flows into the few that are known qualities...Binance did a genius thing moving to their own blockchain - their timing was perfect - not to mention a new technology they offered to sell to the market. So whats left? The BTC forks (BCH and BSV), BMB, and the new coming to transnational cash, LTC. Then you have a lot of other interesting coins that offer smart contracts or other tech and are trying hard to stay relevant (ADA, EOS, XLM, TRX, etc..)... But its clear the ETH (which sill have a place for a very long time) and XRP are losing interest. ETH has the big advantage of having been first to smart contracts and a large user base even if some of the new coins offer better tech. But smart contracts haven't yet really proven themselves yet, so the need for other smart contrct blockchains is limited. As a result, when there are gpong to be capital shifts from BTC, its got to go into something that offers something of value. So why would any die hard BTC guy shift? Well transaction costs, speed and diversification for a few,,,and who overs all of that...BSV, BCH to name two. And LTC but its not Bitcoin - lets face it. Recently we started shifting out of BTC for payments getting tired of the slow transaction speeds and high costs and moved to BCH, If coinbase offered BSV, Id use it too. So there you go folks...BTC has a $200B market cap, if some of that shifts out...even 5%...you are looking at a huge prce increase to those who catch some of it...And we think the winners are going to be BSV, BNB, BCH for sure...I like BSV the best...but its not far behind BCH. If you are looking for appreciation, its betting to bet on these two then on BTC. I hear to much about BTC going to $250K, while that surely can happen, its more likley that BSV or BCH will have far bigger percentage returns on BTCs path to $250K. As for BNB - its got a lot of potential for manipulation by Binance who is puling out all stops to promote it...so you cant bet against it...I would be long it for sure...its going a lot higher from here.
BINANCE:BNBUSDLong
by dreamkid10x
5
SPY: New All Time Highs before Election Season?In managed markets TA doesn't work as well. With that being said, I'm going to detail my tentative strategy for the upcoming year. But first let me outline the reasons behind my bullish thesis. 1) All banks are racing to zero or negative rates. - At zero banks are just printing money and handing it out. With yields dropping, banks/funds will borrow money and buy high quality stocks with dividends. 2) Trump administration is looking at minimizing dollar flow into Chinese equity. -If major players and funds are forced to sell Chinese stocks, they may reallocate into US equity. 3) We had massive stock buy backs over the last 10 years. - Since the over all supply of circulating stocks is reduced, this will make it easier to bid the prices. 4) Being the global reserve currency , the dollar may be perceived as a safe haven. - Emerging markets may flock to USD denominated assets if their currency weakens too much against the dollar. 5) Trump has deregulated massively and cut corporate tax rate significantly. - The American economy is the only economy with real legs behind it. The pro business policies may strengthen the impact of the rate cuts. We basically had a dead cat bounce over the last day. I think there's a good chance we go lower before making all time highs. We have plans to meet with the Chinese in September, but I'm doubtful of any progress. The hard liners have taken over and I think they would rather shoot of their own noses off before capitulating. For example, despite the massive pork shortage in China, they're refusing to buy hogs from US (pork is the main protein in mainland). With every unfruitful meeting, I believe the market will dip. However, Trump and his administration will do everything they can to prop it up before the election season. Plan: I changed new 401k contributions to 80% stocks / 20% stable income fund(cash) . This means every paycheck, 80% of my 401k contributions will buy stocks, so I'm essentially buying the dip every paycheck. My current 401k portfolio allocation is 90% cash / 10% stocks. If we dip to 2700 I'll be changing that allocation to 80/20. If we dip to 2500 ish, I will strongly consider going 60% stocks/ 40% cash. If I'm right I'll start converting back to 90% cash in small increments every month leading up to the election.If I'm wrong, I'll be happy I didn't go 100% stocks. Good luck everyone. Follow me on Twitter for Crypto and financial news insights: twitter.com Recently I've been more active on Youtube: www.youtube.com
AMEX:SPYLong
by jzpur
3
Bitcoin is trying to refuel (hopefully)Apprx every 120-130 days btc has a pull back only to refuel. Once the RSI gets above 55 you can see every time is confirms the next leg up. Although, we are above the ribbon we do not have conformation of up or down yet and we are still making a lower low in the pull back. Do not pay attention to the noise in the charts of the buy an sell signals. If you are looking to use them look for the second buy signal after the pull back (confirming support). Only use the Sell signal when the RSI stops making higher highs or breaks down a RSI trend line.
BITSTAMP:BTCUSDLong
by seanalannixon
2
BITCOIN NEXT WEEK PREDICTION Today is Friday on UTC +8 time around 2am The closing candle for this week is crucial as this may predict the next move of our beloved bitcoin. have you seen this one before? i'm not that veteran trader but i have experienced it many times on my almost 5 years of trading and some called it "Kylo Ren's Lightsaber" as it is a red wick sword that will slash any hope within you kidding aside, my prediction is simple if this week close is a Kylo ren sword we might see this bitcoin fall further down to hell with Satan waiting to put his short orders to you and to us all. my support is at 9000 then at 7k ma 100 if that will be broken down we might see this go to hell and back if not, then see you at 20k :)
BITSTAMP:BTCUSDShort
by ayamuso08
1