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Why Are You Selling Right Now?

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The day is January 11th, and as I am overlooking the veranda of red on my computer screen, I am dumbfounded thinking to myself “There are people selling right now!” So now more than ever is an excellent time to explain what exactly you are doing with the money you are spending in cryptocurrency.

This is an incredibly speculative investment. There are governments across the world that are trying to limit cryptocurrency mining and trade. Sometimes for good reason! Don’t think that you are investing next to the nice old lady from church. You are investing with Syria, North Korea, Iran, Venezuela, and the list goes on. Let’s not forget where cryptocurrency came from. Bitcoin was widely thought of as a criminal technology, and much of the population still sternly believes it (without one… single… f’ing Google Search)!

So why does this matter when the market is red? Because before your eyes, you are seeing the beauty of an unregulated market full of amateurs. Scared money is what rules the market right now. You have people who have taken mortgages, loans, and even sold property to buy more cryptocurrency. Asia has gone so crazy that we now believe the prices on their exchanges are fictional. The reason you got into cryptocurrency is for days like this. I know you, reader reading this page. You are looking for financial freedom while also having a direct impact in the future of money. You are a contrarian amongst your friends and family, with very few trusting your word on this new and innovative technology. So, why in the hell are you are stopping your contrarian behavior the moment you walk in the door? That’s what is going to make you money!

So let’s all take a step back here. On this down day, what opportunities do we have? Well, if you read my first article, you would know that you have an index of roughly 10 investable profit-reaping block chains/cryptocurrencies. So, if you took a look, you would notice those currencies are down! Some of them might have news coming out soon that they will added to an App that people love (I ain’t spelling it out)!

Here’s a strategy that can keep your heart rate down, while also giving you a good chance to make some money on one of the most important days of the month for cryptocurrency: Baby Buys. Buy $50 of your target(s) at a price you like. I will use myself as an example. Whenever I see a 12 handle on Bitcoin, that is an automatic extra pocket change buy. If it goes to 5,000, hey, I bet a steak dinner on it and I will have to wait (maybe forever) to get my money back. Always keep speckling money in at prices you like. I am NOT recommending “.000002 buy stop .00003000 when candle sticks cross the support”. Ain’t nobody got time for that. You know what prices look good if you’ve been watching diligently over the past couple weeks. Trust yourself to know a good price for a $50 investment. Keep checking back. If it’s going up, good! If it’s going down, even better! This is not a strategy to use on non-functioning businesses. I don’t know how people invest in those, so ask them.

The currencies that you are baby buying are also ones that hopefully have a future in making money from large volumes of people and businesses using their block chain road. That is the reason everyone is in the market. Speculating who in this madness actually has something that will work IN THE FUTURE. Not at full capacity 3 weeks from now. We need to focus on governments setting parameters before we really see the prices that we early adopters like and deserve. So, in this article, you are not hearing about baby sells. There are none. Keep what you have and hold on for dear life. This will, undoubtedly, be a bumpy ride.

Conclusion

This is a great day, not a bad one. We are all looking for the next big thing. Well, no matter what your belief on the big thing is, chances are it’s down right now. This is always the time to think about your limits, and what your goals are in the cryptocurrency market. Before you buy even one coin, always make sure you know what your exit plan is. Take profit.

This is my strategy that I employ, I am not recommending it to anyone and it should not be considered financial advice. My purpose of writing this is inspire thought, and thought only.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.4 stars on average, based on 27 rated postsMythological God of Lightning. Cryptocurrency/Blockchain writer, evangelist, and friend. May the odds be ever in our favor.




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9 Comments

9 Comments

  1. jonahlarkin

    January 12, 2018 at 9:35 pm

    Completely agree. I was buying when others were selling. I didn’t see your other article you cited on here. Care to share the link?

    • Raiden

      January 12, 2018 at 10:03 pm

      Sorry- Looking into getting it up. Stay tuned.

  2. bvanv

    January 12, 2018 at 9:39 pm

    Yes, I can’t find the first article.

  3. dist

    January 12, 2018 at 10:03 pm

    And it’s all back up…

  4. princedoag

    January 13, 2018 at 12:46 am

    To be clear which coin is hitting at app?

  5. steve08

    January 13, 2018 at 6:16 am

    Great article Raiden. What are the 10 coins that you’re recommending in the first article? Which article is it? Thx.

    • elleepiphany

      January 13, 2018 at 6:48 am

      Also interested. Thanks!

    • steve08

      January 13, 2018 at 2:34 pm

      Could you post the 10 coins you mentioned in your article? Also, do you have any suggestions on low market cap coins and coins like Trig that offer masternodes? Thx

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Altcoins

60 Minutes Showcases Potential of DNA and Genetic Genealogy; Opportunity for Crypto Investors

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DNA Storage

Throughout the years, 60 Minutes has been responsible for reporting on some of the biggest stories in the world.  Many of the most memorable episodes have involved world leader interviews, stories on endangered animals, profiles of famous celebrities, and occasionally, segments on promising developments in business and science.  A week ago, 60 Minutes had a very interesting report on how the authorities used Genetic genealogy to solve the case of the Golden State Killer, and how the authorities plan to keep using this new field to solve more cold cases in the future.

On April 25, 2018, authorities in Sacramento announced that they had solved the notorious case of the Golden State Killer.  Authorities were able to use a promising new technique called Genetic genealogy to help identify 72-year-old former police officer, Joseph DeAngelo, as the suspected killer.

Genetic Genealogy

Genetic genealogy is a mixture of high-tech DNA analysis, high speed computer technology, and family genealogy.  The end goal is to determine the level and type of genetic relationship between individuals.

In the case of the Golden State Killer, DNA came into play because the killer had committed at least 12 murders, 50 rapes, and many home burglaries.  Investigators were able to obtain DNA from the killer at one of the reported crime scenes.  After many years of frustrating dead ends, a cold case investigator submitted the obtained DNA sample to GEDmatch.  GEDmatch is the largest public genealogy database in the world.  After uploading the sample, authorities were able to generate a handful of leads which eventually led to the front doors of Joseph DeAngelo.

In addition to the Golden State Killer case, authorities have used Genetic genealogy to make arrests in at least 11 other cold cases.  While the science appears to be sound, there is a legal question that has yet to be answered.  There is no doubt that attorneys for the accused will raise the question of privacy and whether using databases, thought to be private, should be legal.

Opportunity for Crypto Investors

While I’ve invested in equities and crypto for many years with varying degrees of success, I’ve never had the opportunity to invest at the beginning of a new frontier.  Fortunately, the opportunity has come.  Encrypgen (DNA) is a genomic blockchain network that provides customers and partners with best-in-class, next generation, blockchain security for protecting, sharing and re-marketing genomic data.  This creates a fair marketplace for a person’s DNA that can be stored private and sold (if a person wishes to do that).

Over the past few months, Encrypgen has been gaining attention in the mainstream media because of their revolutionary technology as well as the fact that their closest competition is still years away.

In August, Encrypgen released a beta version of its Gene-Chain.  The Gene-Chain allows consumers to upload their genetic profile and for researchers to purchase that genetic data.  Within the next 2 weeks, the company plans to release the full version of the Gene-Chain which will officially make them a new pioneer in the field of genomic blockchain security.

With the DNA token hovering at approximately 5 cents, the time is running out to accumulate at bargain basement prices.  I fully expect the token to achieve utility in the next several months which will cause a rocket-like explosion in the token price.  There is no looking back now, only forward, and I love what I see.

Featured image courtesy of Shutterstock. 

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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Altcoins

Fantom – The Next Big Thing?

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Fantom (FTM) is a a Directed Acrylic Graph (DAG) based smart contract platform in which the more nodes participate in the network, the greater the transactions per second. The project is aiming for 300,000 transactions per second, which would be applied to multiple industries such as food technology, financial services, telecom, logistics, etc. Fantom is designed to offer instant payments, near zero costs, and unlimited processing scalability. Like Ethereum, Fantom supports Smart Contracts but they run on the Fantom Virtual Machine vs the Ethereum Virtual Machine. Why is that important? Because the FVM will allow developers to write dApps that support smart contracts just like ethereum but run light-speed times faster.

A lot of new blockchain projects talk as if they will challenge the top blockchains and take over their spot. While this is speculation and mostly hot air spoken by many projects, Fantom has a great shot at taking off as one of the top blockchains. Andre Cronje, well respected in the ICO scene as a technical blockchain expert, was added as part of the technical team recently. Having a team and community as strong as Fantom does gives it the extra push needed to take off. While other projects are implementing directed acyclic graphs (DAGs), Fantom is the first to do this with smart contract support.

Fantom operates on a system called OPERA, which is divided into three layers:

  • OPERA CORE LAYER – processes transactions, maintains consensus across all nodes via the Lachesis Protocol
  • OPERA WARE LAYER – supports smart contracts, executes functions
  • OPERA APPLICATION LAYER – supports third-party applications, provides publicly available APIs for dApps

Partnerships with credible companies definitely help the legitimacy of an ICO and Fantom has already made numerous significant partnerships such as the Korea Food-Tech Association and Oracle that will significantly enhance their chance of success. The company, in collaboration with NEM Blockchain, has recently announced it’s expansion outside of Korea into Australia. Fantom has chosen Australia due to their innovative culture and supportive government. Fantom is committed to working with local communities and governments to utilize Fantom technology across multiple industries. They are focused on creating real-time use cases of their platform by on-boarding Australian businesses in the next twelve months. Australia has hundreds of merchants who already accept cryptocurrency including the first airport in the world to do so. Fantom has already been working behind the scenes engaging with payment providers about using Fantom token as they expand globally.

Multiple blockchain projects are claiming to be the fastest with the highest tps, but have not come through on their promises. Fantom has an excellent shot at actually accomplishing this and immediately becoming a major player surpassing those that have fallen short.

Unlike many recent ICOs, which are constantly delaying and postponing the release of their tokens due to current market conditions, Fantom is unlocking and listing on October 29th. The project recently released a recent Technical Whitepaper concerning the Lachesis Consensus Algorithm, making another version of the Technical Whitepaper detailing the Fantom Framework ready, and preparing a testnet demo video to be available soon.

With major funds invested for the long haul and markets such as the USA, China, and Korea unable to participate in the much-hyped ICO, there should be quite a bit of immediate interest and demand upon listing on exchanges. The last ICO with similar hype was QuarkChain which also did amazingly well in this market. Fantom had a hard cap of $39 MILLION at the time of ICO raise and is expected to perform well.

Diclaimer: The author has invested in Fantom.

Featured image courtesy of Shutterstock. 

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.6 stars on average, based on 53 rated postsKent Hamilton - Co-Founder of CryptoDayTrader.io, where we are building Pro Crypto Tools




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Why Investors Should Pay Attention to Blocknet

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Even in the “crypto winter” we are currently living in, the blockchain industry is still growing. This is a good thing for the industry in many ways, but all of these various networks have developed in a siloed and separated way.

Some companies have emerged that seek to help the various networks work together and harvest synergies. If blockchain was meant to be a new manifestation of the internet, these networks could be considered a new manifestation of blockchains. One such company is Blocknet.

Blocknet’s Mission

Blocknet is often referred to in the colloquial as “Block” and functions as a decentralized platform-as-a-service service. The basic goal is to connect the nodes of different blockchains to create a network of networks. The endgame here is to make it possible for applications to be developed on one blockchain but be used on another.

The network is composed of three key components: a node exchange, coin exchange, and data exchange. The XBridge is the blockchain router than connects nodes on different blockchains and makes it possible for them to communicate with each other.

The XBridge also enables cross-chain atomic swaps using a coin exchange protocol. We will go into more detail into this in a bit, but it is essentially a DEX. Finally, there is the inter-chain data transport that allows for feature sharing and smart contracts to be executed across chains.

Market Demand

Blocknet was founded in 2015 and finally launched their mainnet in September 2017. The market has been looking for a solution like this. There is competition from other networks like 0x, but they have already started to integrate their networks with Blocknet. By seeking to be a super-network, it is eliminating the idea of competition.

A big part of Blocknet is the decentralized exchange (DEX) that it runs. What makes it special and sets it apart from the competition is that it is more than just an exchange for ERC-20 tokens. It enables the trading of every coin that is integrated into the network.

The Blocknet DEX will be designed to enable an unlimited amount of trading pairs, and will enable complete anonymity for users. Additionally, by avoiding a central entity, you always retain complete control over your funds.

BLOCK Token

The token has two functions. First, they are used to pay trading fees and for the operation of applications on the network. Second, they are required to be staked as a service node or staking node. These are the nodes that distribute trade fees or confirm network transactions.

BLOCK trades on Bittrex, and in terms of recent performance, we have seen a heavy decline from the highs that BLOCK reached last year. However, it seems to have reached a bottom and found a support level. As we head in the last quarter of 2018, it could be time for a recovery, and BLOCK seems poised to take advantage of this.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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