LTC/BTC
Litecoin is in my top 3, based on fundamentals, but I'm not currently holding any, nor am I trading it.
I am currently only using LTC as an indicator for the other coins that are worth trading.
That list currently consists of XMR, DCR, ETC, ETH, BCH, OMG, NEO, DOGE, BTS, OMG, FCT and MAID.
There are several others on the radar, but portfolio management needs to be handled like a business.
As stated prior, there are two possibilities for the future of crypto:
1. We are in the depression phase, where MOST cryptos will die.
2. We are in the first sell-off phase of the bubble.
With that said, I am not willing to hold ANY shitcoin, not matter how good the chart looks. For that reason, things like EOS, IOTA and BCHSV are avoided.
The projects I touch must be fundamentally sound by my personal review, which includes but is not limited to:
1. Necessity
2. Cryptography
3. Continued development during bear market
4. Documentation
5. Community
6. Roadmap and ability to meet goals
7. Value proposition
Using LTC, we have a potential path for how the algorithms will move the other coins from the depression phase to the disbelief phase.
Obviously it will not be the same, as other traders and algorithms will pick up on patterns, but it will be similar.
Only when everyone looking at the chart has regained belief, can the disbelief stage begin.
All shorts that were in euphoria must be crushed and all newly FOMOing shorts that begin at the 5th wave must also be crushed.
By my estimation, over 97% of the traded supply of all crypto is controlled by bots (traded supply, meaning excluding HODLers), so move with them. Eat little and live long.
Retail traders should be obsolete in the eyes of the algorithms by now, so it should be a game of algorithm vs algorithm on the way up to the disbelief phase, where retail become relevant again.
I have theories on how a master (billion dollar) algorithm can pick off the different subsets of algorithms, like bollinger band, time weighted, percentage volume, arbitrage, trend following, etc.
I think it's too much game theory to write up and will make sense to too few, thus be a waste of my time, so I'll stop here.
What I will say about this, is that there are billion dollar algorithms out there. Developed for trillionaires, by teams of thousands or tens of thousands of people.
Algorithms with an understanding of every position that any person or algorithm can take in the market... Knowing that a market is a zero-sum game is the key here.
How must the price move, to effectively create the most losers? Only then, can a trillionare make gains worth anything...
Too tin-foil hat? Read someone else's thoughts then... But I'm not wrong often. And this isn't one of those times.
I am currently only using LTC as an indicator for the other coins that are worth trading.
That list currently consists of XMR, DCR, ETC, ETH, BCH, OMG, NEO, DOGE, BTS, OMG, FCT and MAID.
There are several others on the radar, but portfolio management needs to be handled like a business.
As stated prior, there are two possibilities for the future of crypto:
1. We are in the depression phase, where MOST cryptos will die.
2. We are in the first sell-off phase of the bubble.
With that said, I am not willing to hold ANY shitcoin, not matter how good the chart looks. For that reason, things like EOS, IOTA and BCHSV are avoided.
The projects I touch must be fundamentally sound by my personal review, which includes but is not limited to:
1. Necessity
2. Cryptography
3. Continued development during bear market
4. Documentation
5. Community
6. Roadmap and ability to meet goals
7. Value proposition
Using LTC, we have a potential path for how the algorithms will move the other coins from the depression phase to the disbelief phase.
Obviously it will not be the same, as other traders and algorithms will pick up on patterns, but it will be similar.
Only when everyone looking at the chart has regained belief, can the disbelief stage begin.
All shorts that were in euphoria must be crushed and all newly FOMOing shorts that begin at the 5th wave must also be crushed.
By my estimation, over 97% of the traded supply of all crypto is controlled by bots (traded supply, meaning excluding HODLers), so move with them. Eat little and live long.
Retail traders should be obsolete in the eyes of the algorithms by now, so it should be a game of algorithm vs algorithm on the way up to the disbelief phase, where retail become relevant again.
I have theories on how a master (billion dollar) algorithm can pick off the different subsets of algorithms, like bollinger band, time weighted, percentage volume, arbitrage, trend following, etc.
I think it's too much game theory to write up and will make sense to too few, thus be a waste of my time, so I'll stop here.
What I will say about this, is that there are billion dollar algorithms out there. Developed for trillionaires, by teams of thousands or tens of thousands of people.
Algorithms with an understanding of every position that any person or algorithm can take in the market... Knowing that a market is a zero-sum game is the key here.
How must the price move, to effectively create the most losers? Only then, can a trillionare make gains worth anything...
Too tin-foil hat? Read someone else's thoughts then... But I'm not wrong often. And this isn't one of those times.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.