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The Green is Back! Time to Think

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And what a beautiful green meadow it is! Except for maybe some lazy few, the market is looking great this morning. We have all of the coins moving back to at least a good support of where they were when they hit highs a couple weeks ago. What I want to discuss today is the question I implore you to ask yourself in the near future, as you begin to see prices pass your breakeven points. That question is “What do I want 2018 to look like?”

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When you dip your toes into the cold pool of cryptocurrency, you may have plopped in a little too fast. The reason many start in cryptocurrency is because they have heard someone talking about the profits they have been experiencing from “XYZ” coin. You want to do your research obviously (not), but those returns are getting your heart racing and you need to make sure you are on board for the next Mount Everest gain. What does that lead you to do?


Greener pastures are coming.

Buy large quantities of low priced coins:

“It’s $.10! I am going to be a billionaire I have thousands and thousands of coins!” I believe many people have low priced coins (under $.01-$1.00), and think it is going to reach levels of crazy amounts. I hate to be a broken record, but LOOK AT SUPPLY. It is a simple math problem to estimate every single price prediction that comes out of someones mouth. If XYZ coin with 100,000,000,000 supply gets to $3.00 that means the size of the world market for that coin is roughly 40% of today’s ENTIRE market cap. Be smart. That’s not going to happen in 2018. Especially for ideas that are not yet functional. I have mentioned in my prior article that relying on investor speculation to boost prices of coins is a ridiculous investment strategy. I certainly want Doctor Rob and Gardner Joe with a computer to join me of course! But there must be people or businesses with copious amounts of Money/Data either designing cars (cryptocurrency) for the road, or using the road and paying tolls in the already functioning car. Seeing what ICOs are coming out on platforms is fairly easy, you’re on a fantastic website for it! I don’t look at the car, I look at the road it’s creating it for.

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What is infinitely harder is figuring out the difference between speculative investor volume and real user volume. In my opinion, that is the reason the market is so speculative. That is a difficult number to quantify, therefore our only knowledge comes from what is publicly announced. This is the reason Reddit, Twitter, Telegram, etc. are so crucial. Oh yes, exchanges are where the money is, but the power is in social media. This is the only financial-related community that takes place almost entirely on social media, deep social media at that. I am the God of lightning, but I still have no f’ing idea how to read Reddit. But, just like eating and powerlifting, this is what comes with the job. The picks you came up with didn’t come from a textbook, did it?

Where to go from here: 

I want you to make your money on the coins that you already own. I am sure some will reach healthy levels entirely due to the fact more and more people are entering the market. However, this world isn’t just an account on the internet. This is a global phenomenon. There have been fatwas put out on bitcoin. There are cryptocurrencies being made by human rights abusers to circumvent sanctions. This is a thorny little bugger of an industry to the people who have the power to stop it. I love your big 100,000,000,000,000 coin that you have tons of shares of. But, you saw what Korea rumblings did to it. Wait for United States rumblings. Think of your coins as the three little pigs. You better have a good house with good friends and neighbors when the wolf comes to blow it down. Hey, maybe the wolf just wants to shake you around a little. If your blockchain isn’t built on profit and volume, you will fall down (again).

My homework to you is to walk away from the social media sites I told you were so critical for news. Go on Google and type in  a currency that you like with less than 150MM in supply (go to coinmarketcap.com in the top 100 market cap). “XYZ partnerships”. Do that for all the coins you like. See what comes up. If you see a company/institution who has signed on, see HOW they are signed on. How are they using it? How is the blockchain company going to reward coinholders for it? If XYZ coin gets a Tim Cook selfie and a thumbs up partnership tomorrow, but they are over there in San Francisco getting free food and helping them design a white piece of crap for Apple to sell, how is that helping me?

If your search comes up with social media jargon about “the future” and hitting road maps of Alphas and Betas etc.- bin it. I am interested in making money in 2018, not having to hit objectives before. The most important thing I can tell you all is that you have 0% ownership in these companies. Their road map is the business they want to start. If you want to help them create it, I love you for it and I hope you are rewarded. But I invest in things where it doesn’t matter that I don’t have equity in the company. I must be rewarded with every single corporate customer that these companies have. The moment they have a partner but it won’t affect the price, I am out. I need incentivized teams growing the coin AND the business, not just the business. This is a spoiled crypto brat preference. Raiden is Sorry.

As an aside, I will very rarely be mentioning currencies on here. My directions will lead you to all my coins that I have. Those who are spoon-fed are unwise, and therefore not understanding of the risks associated with cryptocurrency. Remember, all readers of Raiden are friends of Raiden. I want you to make tons of money. You WILL NEVER make tons of money consistently if you are given names to “CTRL+F” into a Binance or Bittrex exchange. I want you to have a burning desire to learn these currencies inside and out, because a price target will come into your head the moment you put the pieces together. I will provide the pieces throughout my time (I hope).

None of what I say is financial advice. As you can see, I don’t recommend currencies to buy, so therefore the purpose of my articles is empowerment on your chosen exchange. I wish you luck, and remember that the waters your swimming in have sharks.

Featured image courtesy of Pexels.

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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4.3 stars on average, based on 18 rated postsMythological God of Lightning. Cryptocurrency/Blockchain writer, evangelist, and friend. May the odds be ever in our favor.




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3 Comments

3 Comments

  1. johnnyquid

    January 14, 2018 at 2:42 am

    Today i will be johnny cage and say unto you

    “Thank you God of lightning! May your teachings save us from Sang Tsung Fed and Central bank Shao Khan!!”

    CRYPTO KOMBAT!!!!!

  2. CryptoNash

    January 14, 2018 at 3:28 am

    LOL , I admire the “As an aside, I will very rarely be mentioning currencies on here. My directions will lead you to all my coins that I have.”, but I opted to be a paying subscriber because I have limited time for my own research and am paying for the research done by Hacked team.

  3. belmont85

    January 14, 2018 at 9:14 am

    Exactly CryptoNash!! There is just not enough valuable content for the prices we’re paying. I’m very rarely seeing anything here that I haven’t heard about 2 days ago on Coindesk, CCN, or social media. Why should we pay $39.99/month for this???

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Bitcoin

Winter Is Upon Us

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Acorn gathering season was cut short, let’s hope you took some profits and got to high ground before the deluge. Even the big Chinese exchanges are ceasing operations. The madness has sent the Bitcoin price running away from $4,000, and in the melee a lot of otherwise solid valuations are taking a beating. The fundamental flaw in how all cryptocurrencies are valued – the amount of bitcoins and thus the amount of fiat – is revealed when the price begins to plummet. People still have faith in all those tokens, after all, they’re just losing value as the market goes.

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So what’s the move? If you haven’t sold already, there’s not a lot of recent room left to do it. If it’s something you think you might do, we urge you to make that move sooner than later. Everyone seems to think there will be buying opportunities beneath $3,000 coming up, so re-entry should be possible – and will likely be profitable. Every great dip and depression Bitcoin is followed by an upheaval of massive proportions, we’re not seeing much to tell us this one will be any different.

Spoke to a Hacked subscriber who sold at a profit, but probably late to the profit party. He was upset about some losses. I informed him that if he had losses, they were of the theoretical variety – you don’t have losses before you actually lose the tokens. Unless we’re talking about margin trading, a whole different form of savagery which had its own carnage over the past many days.

The market will have to shake people out now and then. The only players left from China will be those who’ve got the courage left to defy the government. The government itself will find some form of blockchain technology that it blesses and allows to monopolize, and other Asian-born and oriented financial technologies will have to find a way to work around that. NEO has a chance to be one of them, as does Walton. Or both. And more. There’s a lot of room for innovation yet. The Chinese government is probably mostly mad that it has missed out on the opportunity. If anyone was in a position to speculate on the moves of the market, they would have been working in the Peoples Bank of China. Perhaps the initial news, but the market reaction and the subsequent slowness to clarify, that was all very telling in the actions of the Chinese government.

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The author can tell you that he will be acquiring more of everything in this down market.

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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5 stars on average, based on 1 rated postsP. H. Madore has covered the cryptocurrency beat over the course of hundreds of articles for Hacked's sister site, CryptoCoinsNews, as well as some of her competitors. He is a major contributing developer to the Woodcoin project, and has made technical contributions on a number of other cryptocurrency projects. In spare time, he recently began a more personalized, weekly newsletter at http://ico.phm.link




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Bitcoin

Sunday Devotional: Welcome the Chaos, Buy the Dips

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It’s nice to go to Facebook sometimes, especially into the cryptosphere. You find the real meat and potatoes people of the crytpo world, and in general, they’re the kind of people you hope really do benefit from all this madness we’re collectively generating in the blockchain sphere. Then you witness a group of Westerners dupe a group of Nigerians (seriously) into believing (for whatever reason) that HTMLCOIN will hit $1 (or whatever) by December, or that it has ever seen a high of 155 satoshis, and you have to wonder if maybe the whole problem of society was better left alone. (Just kidding: it doesn’t matter.)

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Elsewhere, in the hallowed halls of Bitcoin Core, Gregory Maxwell takes the mantle of Bitcoin’s most influential, true partisan. Speaking to a Bitcoin meet-up in San Francisco, Kyle Torpey reports that Maxwell made some very interesting statements about the near-future of Bitcoin – in effect, that the SHA256 algorithm might be pulled out from underneath the Bitcoin miners and make their hardware obsolete for mining. The effect of this move would actually be to greatly increase some innocent other chain’s hashrate, like DGB, which allows for SHA256 hashing.

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Maxwell took the opportunity to disagree with Satoshi Nakamoto: the chain with the most work is no longer Bitcoin, but only the chain which “follows the rules of Bitcoin.” Here are the exact words quoted by Torpey:

More work is always secondary to following the rules of Bitcoin.

A potentially chaotic future for Bitcoin still lies ahead. We’ve seen it in the comments, in the social media: things might be cooling down. The author has never been a fan of Bitcoin maxims, like “honey badger don’t give a ****.” Honey badgers can go extinct, too. Everything relies on an ecosystem, including Bitcoin.

We may see three versions of Bitcoin. Is the Bitcoin Cash thing still going on ~45 days later? Let’s have a look.

Yep, still going just fine, holding a per-token value leagues ahead of even Ethereum, whose usefulness and network effect are more and wider than Bitcoin Cash.

Winter is probably coming, referencing the long winters felt by the people in HBO’s Game of Thrones. The white walkers are amongst us already, though, they just don’t know it. Short opportunities as well as first-time entries wouldn’t surprise the author at all if they arise before the end of the year. It wouldn’t surprise him, either, at this point, to be fair, if the market does the exact opposite. We know there are buyers in waiting, so the rebounds are reasonable to expect.

The only thing we can do is understand that just like Warren Zevon sang, there is disorder in this house; all bets are off. 

But in this case, we mean off-target.

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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5 stars on average, based on 1 rated postsP. H. Madore has covered the cryptocurrency beat over the course of hundreds of articles for Hacked's sister site, CryptoCoinsNews, as well as some of her competitors. He is a major contributing developer to the Woodcoin project, and has made technical contributions on a number of other cryptocurrency projects. In spare time, he recently began a more personalized, weekly newsletter at http://ico.phm.link




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Analysis

It’s All About The Tokens And How You Play Them

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A definite good short-term buy-call is to get your hands on some NEO, because on September 10th, the Red Pulse ICO is going to kick off. When that happens, we’re going to see a spike in the price of NEO, because Red Pulse is only selling for NEO – a sage move, really.

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In this article, the author would like to establish that chains like NEO and Ethereum ultimately have no true value on their own. They are required to be valuable to mine order to support valuable applications, and so people are leveraged into paying fair prices for these base tokens. In the case of NEO, those who buy and hold are in the short-term rewarded with GAS, but not as much, perhaps, as can be earned through picking up the RPX token, by comparison.

Therefore, it’s safe to say – it’s all about the tokens and how you play them.

Up to now, the author has really been looking for the next breed of unicorn in the ICO market. But as it turns out, the real truth of it is just something no one wants to acknowledge: while some people will make lots and lots of money long-term in this whole ICO scheme, a lot of others won’t, and still more will have made profit in the short-term.

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So we’ve got to take our profits when we can.

That doesn’t mean there aren’t good long-term positions that come up from time to time, and this author will be more keen to point those out when they do appear. But as for now, it would be good to have a daily piece regarding short-term plays. So what do we pick today? Well, today we recommend you invest the time to investigate RPX, Red Pulse, and everything NEO. Because if the revolution will be tokenized, it’s going to take more than one blockchain to do it.

RPX won’t be the last. NEO has enough GAS to give the platform some runway – incentive for people to hold it without just getting rid of it – and so other tokens will follow in the path of RPX. It’s hard to same from here what applications they will represent, but if the other blockchains eventually mirror Ethereum in the long-term, then there will be applications built on NEO intended to disrupt every aspect of the business world. Following that, the government and finally consumer finance. This is the order of things. In the meantime, it’s all about jumping from tree to tree, getting the low-hanging fruits.

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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5 stars on average, based on 1 rated postsP. H. Madore has covered the cryptocurrency beat over the course of hundreds of articles for Hacked's sister site, CryptoCoinsNews, as well as some of her competitors. He is a major contributing developer to the Woodcoin project, and has made technical contributions on a number of other cryptocurrency projects. In spare time, he recently began a more personalized, weekly newsletter at http://ico.phm.link




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