Altcoin Sidekick Blog
0 FOLLOWERS
Altcoin Sidekick Cryptocurrency Blog, Vlog and Podcast. If you’ve tried to understand what is going on in the cryptocurrency world, or if you’ve attempted to understand what a blockchain is then you’ve come to right place.
Altcoin Sidekick Blog
5y ago
Sub-Optimal
With Bitcoin holding the recent highs, regaining 62% dominance of the entire cryptocurrency market, is there anything left in the tank, or has Bitcoin run out of gas?
If Bitcoin can hold the early July emotion bar low, absorbing the sell orders after the recent price move above $13,000, the 5%, the most consistent group of speculators and investors, focus on the drivers of significant trends, and one of the variables they check is the Intermarket relationship between stocks and bonds. In other words, they follow the money.
Read on…
One heuristic used by the 5% to help them gauge ..read more
Altcoin Sidekick Blog
5y ago
PINK SHEETS“Where are your Quotrons?”“Quotrons?”“Yeah, your computers?”“No, no, no, we don’t need computers here, we trade right off the Pink Sheets.”— The Wolf of Wall Street Monday, October the 19th 1987. A young, recently qualified stockbroker begins his first day at work. But this Monday is different.This Monday etched itself into history as the Dow Jones Industrial Average recorded the largest daily stock market drop ever — down 22.6%, earning itself another name. Black Monday.
The young broker, on his first day at wor ..read more
Altcoin Sidekick Blog
5y ago
VELVET REVOLUTION“Do not try and bend the spoon, that’s impossible. Instead, only try to realise the truth — there is no spoon.” — The MatrixIn the Matrix, Neo wakes after crashing out at his desk. Looking at his monitor, he reads the words, “Wake up Neo…,” and while pressing keys to kill the process, someone remotely accessing his computer types…The Matrix has you.Follow the White Rabbit.Knock Knock, Neo.At that moment there’s a knock on the door. After completing a deal, Neo is invited to join the party goers, and after initially refusing, the girl turns to leave, revealing a white rabbit ta ..read more
Altcoin Sidekick Blog
5y ago
BIG IN JAPANIt’s a sea of green, as Bitcoin, breaking out above $9,000, hitting the 38.2 Fibonacci retracement level, a level watched by technical analysts is trending up. Are the top-alt coins poised, holding just at their recent highs, to follow Bitcoin higher, and if you want to take a position, with everything going up, how do you make a choice?The majority, the 95%, don’t bother doing any research. They just follow the latest and greatest guru, and hope for the best. If one word could be used to describe their behaviour, Geronimo would be a good fit.Some speculators and investors use a pu ..read more
Altcoin Sidekick Blog
5y ago
PROBLEM REACTION SOLUTIONInversely proportional to consumer demand in cryptocurrencies is government fear. Except they don’t call it that. They call it regulation.Remarkably absent in recent months, fear-based cryptocurrency news is making a comeback.Russia’s largest bank, Sberbank, has halted cryptocurrency related plans because of the negative bias from Russia’s central bank, India is proposing harsh penalties including lengthy jail time for anyone caught dealing in cryptocurrencies, and Hong Kong’s securities regulator is expressing concerns over the lack of regulation for dealing with frau ..read more
Altcoin Sidekick Blog
5y ago
GUIDING LIGHTAs Bitcoin continues its ascent, taking back three-eighths of its decline from the December 2017 highs, the 95%, the inconsistent majority enter late out of position and with no concept of risk.While the majority scour social media and sites looking for articles that support their opinion, the 5% patiently wait for moments in time where risk and reward can be quantified, and information can be gained if their position idea fails.Most cryptocurrency traders take their cues from others and trade off the technicals, using indicators like the MACD, RSI, and moving averages as their so ..read more
Altcoin Sidekick Blog
5y ago
Locked and LoadedIt’s now possible to fly non-stop to Australia direct from the UK in just under 17 hours, and today, if you use a traditional bank, jumping on a plane with your cash in a grab bag is still the fastest way to send money internationally. Of course, there’s a legal limit to how much cash you can have on you, but, in 2018, the archaic system used to transfer money is like using a carrier pigeon with a message taped to its leg, when you could be using email.Read on…SWIFT and SEPAThe banking industry, by its own admission, uses a model that is more 1998 than 2018.When you want to se ..read more
Altcoin Sidekick Blog
5y ago
PARABOLICA“War is the father of all things.”— HeraclitusAs Bitcoin’s parabolic trend run continues, the crowd cheers. The path is clear to $24,000 they cry, congratulating themselves as their expectations grow. All markets, including cryptocurrencies, exhibit the tell-tale signs left behind on the tape, like so many betting slips adorning the aftermath of the Grand National.Only with cryptocurrencies, it is not paper floating in the breeze but prices recorded in a ledger. The price data, when viewed historically using a chart, shows that no matter if it’s Bitcoin, the Euro, Ethereum, or Ripple ..read more
Altcoin Sidekick Blog
5y ago
WONDERWALLAphorisms. Financial markets are awash with pithy sayings meant to impart wisdom. Gems like, “Sell in May, and go away,” and, “So goes January, so goes the year.”While it’s true, in the United States, that if you purchased a stock market tracker in the first week of November every year and sold it in the last week of April, your results would be spectacularly more impressive than doing the reverse. Most of the time the financial pearls of wisdom dished out to the masses won’t be much use, but there is one whose track record is better than most.Bad news, good action. Bitcoin Shrugged ..read more
Altcoin Sidekick Blog
5y ago
FREQUENCY RANGEUntil we evolve into something else, one thing will remain the same. The behaviour patterns of the masses. This week as Bitcoin moves higher, the majority look back and ask themselves why they didn't buy, playing the shoulda, woulda, coulda tape in their heads.Like Damocles flattering King Dionysius, articles, following the direction of price, are bullishly reporting Bitcoin's resurgence.
Dionysius, fed up with Damocles' constant flattery, invited him to a banquet. To show Damocles the real precariousness of ..read more