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Current Crypto market
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Current Crypto market

  #1 (permalink)
Elite Member
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Current Crypto market

How do the members here feel about the current state of the crypto markets? This sub-forum has been pretty quiet as of late and I'm wondering how the general feel is at this time?

There are some interesting things going on at this time. The Tron $TRX test network has launched and has bumped the price of $TRX up a bit.

$EOS has just recently surpassed $LTC in market cap and the $EOS pre-mining sale will be coming to an end soon.

Just this morning $BTC made a nice jump (roughly $1K) and has pulled the entire crypto market up with it.

After all of the hype, coverage and the massive run all things crypto in 2017, I'm personally still invested in many areas of crypto and still hold the majority of my core $BTC position. I did reinvest and scale out of some of it starting late summer of 2017.

Thoughts, opinions, feelings on where crypto is and where is may go?

You miss 100% of the shots you don't take. - Wayne Gretsky
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  #2 (permalink)
SpeculatorSeth
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Bitcoin proper looks sick to me. So sick that there's nobody left to sell and we are still overvalued. There was a move up this morning. My reading of my valuation indicator is that we could move up to around $9,500 which would be extremely overbought. Then the real bear might come in taking us to $4k or lower. In other words we might be seeing the start of a bull trap.

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  #3 (permalink)
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TWDsje View Post
Bitcoin proper looks sick to me. So sick that there's nobody left to sell and we are still overvalued. There was a move up this morning. My reading of my valuation indicator is that we could move up to around $9,500 which would be extremely overbought. Then the real bear might come in taking us to $4k or lower. In other words we might be seeing the start of a bull trap.

Possibly, although there has been news of Soros and a few other heavy hitters stating they may enter the crypto space this year.

Q1 is typically a very weak time of year for crypto and $BTC specifically. Tax payments may also be taking some of the credit for selling pressure at this time.

You miss 100% of the shots you don't take. - Wayne Gretsky
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  #4 (permalink)
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13 months ago, I posted the following in this very forum:

https://futures.io/cryptocurrency-trading/41757-btc-gc-gold-comex-futures-contract.html

What a difference a year makes!!

You miss 100% of the shots you don't take. - Wayne Gretsky
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  #5 (permalink)
SpeculatorSeth
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CenFlo View Post
Possibly, although there has been news of Soros and a few other heavy hitters stating they may enter the crypto space this year.

Q1 is typically a very weak time of year for crypto and $BTC specifically. Tax payments may also be taking some of the credit for selling pressure at this time.

The only thing that would change the situation is if the daily transaction value in bitcoin started to increase again. At the moment use of the currency continues to decline. If we get to that 150 level I don't care who bought it. I trust my research and it says at that point we're in a bubble that can't be sustained any further.

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  #6 (permalink)
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TWDsje View Post
The only thing that would change the situation is if the daily transaction value in bitcoin started to increase again. At the moment use of the currency continues to decline. If we get to that 150 level I don't care who bought it. I trust my research and it says at that point we're in a bubble that can't be sustained any further.

Do you have any charts you could post, I'd be interested in seeing where / why you are basing this?

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  #7 (permalink)
SpeculatorSeth
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  #8 (permalink)
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Decent run up in the last week with the whole space moving up.

Interesting to see $BCH moving up quite a a bit more than it's peers.

You miss 100% of the shots you don't take. - Wayne Gretsky
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