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Stratis

Jul 11 2017

How to Catch a Falling Knife

Timing is everything in just about everything everywhere.

Case in point: the cryptocurrency markets of the past 48 hours. A bloodletting of epic proportions? Or just a slight pullback?

If your timing was such that you bought into the BRED Portfolio at the beginning of the year, and you didn’t sell, you would still be up 1718%.

BRED July 11

So, if you did do that – and congratulations to you for doing that – you would not have paid any attention to the numbers from July 1.

Just ten days ago. The ones we link to in the blog post above.

These numbers.

BRED July 1

Perspective, playas. One person’s OMG is another person’s $63,000 pullback.

Which brings us to the point of this post – as well as a music video.

Catch Me, I’m Falling

One man’s overrated pop tune from 1987 is another’s evocative trip down memory lane.

Pretty Poison was the band, and I don’t think they did much after this (and, considering I’m in the 99th percentile when it comes to 80s pop music knowledge, it’s a safe bet your trip to Wikipedia for the Pretty Poison discography won’t yield anything of note).

Story time: I worked at a mall clothing store, back when both were things, in the late 80s. I was successful enough to keep the job for most of a year, and I think part of the reason was that I kept things moving. I also kept the Top 40 station on and, during the holiday rush, that helped a ton. Dance-ish poppy music played on 2-hour rotation started to stick in your head, so even the bad songs became okay.

We kept busy because we had customers and there was merchandise that had to be moved and because the manager liked to joke “If you’ve got time to lean, you’ve got time to clean.”

There was one point, though, when…whatever you were doing at the time, you had to stop doing and pretend to scratch a record like a DJ. That point was at 2:21 of this song.

I queued it up for you there.

To this day, hearing that song takes me back, and the 2:21 mark gets me pretending to scratch records.

Timing is Everything

I’m watching the markets closely because I’m ready to move in at such a point where I think it might be safe. But I won’t know exactly – and neither will you, and neither will the experts.

So all you can really do is guess, right?

Yes, and no.

Yes, you’re guessing that whatever coin you’re going in on won’t continue falling – the proverbial attempt to catch a falling knife. If you catch the handle, you’re okay, but anywhere else and you start bleeding.

Some picks – DYOR*

So we went live with a few potential bargains the other day and…they’re all still bargains. Even moreso than they were when we posted.

Siacoin is up 3x and then some this year, but it has dropped precipitously over the past couple weeks. Floor may have been 253 Satoshis yesterday. We actually took some coins back. But we’re still HODLers.*

HODL

Stratis dropped a bit, too, and it’s below the “hey you should buy up to 200k Sat” level that we talked about – let’s be honest, it’s WELL BELOW that number, and sitting at 130k Sats. (HODLing that coin, too.)

We’re long on those two, but we took back SC – actually made a profit, if you believe that – and moved that into Bitconnect. It’s a lending platform coin thing and we’re watching it rather closely – even if our coins/funds are locked up for a whole ten months. [THAT’S AN AFFILIATE LINK. So if you try it out, we might get compensated. To be honest, we set up an account there two months ago, and kept watching the action. Yesterday was when we pulled the trigger.]

* DYOR = Do Your Own Research; HODL = Hold On (for) Dear Life. A HODLer is one who exhibits HODL-type behavior.

Next?

Well, that’s the other point – we don’t know what’s next, really. We keep watching ICOs, we take a look at some of those coins we invested in that we’re waiting to see trade – like Exscudo, for instance – and we’ve got one eye on the August 1 Segwit hubbub that we honestly don’t totally understand.

This knife-catching stuff is tough.

And this market? Well, it’s like…pretty poison.

 

Written by David Van de Walle · Categorized: Bitcoin, BRED, Dash, Ethereum, Ripple, Siacoin, Stratis · Tagged: pretty poison

Jul 09 2017

Five Coins for Bargain Hunters

Happy weekend, party people!

Oh, not the happiest of weekends? Red numbers got you down? Been watching the crypto markets a little too closely? Afraid of becoming a bagholder?

Fret not, we’re here with an idea or two (or five): coins that might fall into bargain hunter territory.

First up, though, a word or two (or fifty) on some of the big boys and their performance during the past week.

Bitcoin, Ethereum, Litecoin Holding Their Own

It’s been interesting to watch the scuttlebutt and listen to the pontificators asking about what August 1 – when Bitcoin’s big Segwit situation gets sorted out – will do to the BTC price. And it’s also been interesting to hear what the thinking is on Ethereum and the ICO marketplace and the fact that tons of coins seem to be getting tons of money out of nowhere, all built, it seems, on the Ethereum platform or raising money in Ether. And whether Litecoin does anything huge in the interim.

BUT…all three seem fine.

BTC Chart

While BTC has stabilized in price at around 2500, we should note that, while both LTC and ETH are also stable, there’s a bit of a difference in where ETH is relative to its 2-week range.

  • BTC: High of 2720, Low of 2168. It’s a range up/down of 552. Its current price is right around 58% of its range. Close to that Fibonacci level of 61.8%.
  • LTC: High of 55.40, Low of 32.37. Range up/down is 22 bucks, and its current price is at 68% of its range. Sticking around there for a little while, maybe…
  • ETH, however: High of 318, Low of 204. Range up/down is 114. Right now, it’s at around 31% of its range. Key Fibonacci levels are 23.6% and 38.2% – 31% is right at the middle.

UPSHOT: WATCH THE ETH PRICE. Watch for support either above or below those percentages: 230.79 on the low end, 247.75 on the way up. These could be good levels to buy on the way up, or to sell on the way down.

Now, let’s return to the regular programming.

Five Coins for Bargain Hunters

Five Coins

1. Library Credits – LBC

Open source YouTube competitor? Democratized payouts? Sounds just a little like Steemit to me.

But I’m game on the product – if you want to sign up on the wait list, you can use this referral link to do so, and we might move up in the line. But then again, you’ll get your own referral link and you might move up in the line, too.

From an *INVESTMENT* standpoint, though, this one, we think, has some serious potential. Here’s why:

It launched in July of 2016 at north of 120,000 Sats. Then it popped – heading to 280,000 Sats before coming back to Earth. Then it stuck around in the four-digit Satoshi level until May of this year, and flirted with 25,000 Satoshis until recently.

The reason for its climb of late: it’s starting to come into its own as an actual site with merit – not just as a coin that could have potential. In other words, past its growing pains as a startup, it’s now ready for prime time.

You can get LBC for around 17-18,000 Sats. Anywhere below 20,000 might be good to accumulate.

2. Steem – STEEM

Steem is the coin. Steemit is the platform. Steem can be converted to Steem Dollars, too.

I’m on this platform daily and, to be honest, I don’t totally “get” it yet. HOWEVER, I see it moving northward from here, and I’ll give you three reasons why:

  1. Controlled, stable growth. Despite the fact that the site is adding around 5000 users a day of late, the site still only has somewhere in the neighborhood of 250,000 users worldwide.
  2. Active community that gets paid for content. I haven’t profited much from the site just yet, but, to be honest, that’s not why I’m there yet. I’m there because it feels a lot like the early days of Twitter to me. Less negativity, and more content to sink your teeth into.
  3. Bagholders that need the site to come back. Yes, I said that out loud – quite a few people are there because they were on the site early, had tons of coins when they were worth 500-650,000 Satoshis each. They now trade at 60,000 or so – with recent highs of 80,000 Sats.

60-80,000 Satoshis would still be a bargain when compared to last year’s prices. The question is whether it will get busy enough to head into 100K territory and beyond.

BTW, sign up for an account now. Go to Steemit for more details.

3. Stratis – STRAT

How could a coin that has gone up from 7300 to 171,000 be a bargain?

Well, this coin’s team has hit pretty much every development milestone. In fact, 171,000 is today’s price; 435,000 was the price just six weeks ago.

We think the recent pullback is mostly because of the overall market pullback.

It’s also an “enterprise platform coin” – in other words, the coin/token fuels the platform for corporate and enterprise clients. So those big corporates looking to get into the blockchain can – and do – call up the Stratis people and say yo.

Say yo yourself at somewhere below 200,000 Sats.

4. Antshares – ANS

It’s the Chinese Bitcoin.

Full stop.

It has gone from 15,000 Sats to 367,000 Sats – 24x – before pulling back to 285,000 or so today.

If there’s one project that could potentially have another 24x up its sleeve before the end of the year, this one may be it.

5. Bitshares – BTS

This is a mysterious platform – to me at least – and it has been around for nearly three years. Most mysterious: the price now is around what the price was in late Summer 2014.

This looks a little like Stratis and a little like Ripple and a little like…well, it’s kinda sorta an enterprise blockchain thing meets a trading platform.

That price, tho: 13,000 Sats a couple months ago, 6000-range now.

Considering we’re now below where the coin was in September of 2014, you might consider accumulating up to 8000 Sats.

Final Thoughts:

Remember, do your own research. We’re not responsible for any gains or losses. Seek professional counsel for things like legal and tax ramifications. Stay woke.

Written by David Van de Walle · Categorized: Antshares, Bitcoin, Bitshares, Ethereum, Library, Litecoin, Steemit, Stratis

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