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Op-Ed

What to Buy: Roads vs. Cars

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I guess I jinxed it. We are starting to move back down lower, as it seems there may still be some fear going on. I think you are starting to see that there are still some very resilient coins that aren’t fresh off an ICO, yet have strong gains on multiple down days. I have tried to look at each and every single one on social media to see what exactly is going on that is keeping it consistently gaining. This is where I stumbled upon my strategy.

There are currently three ways to invest in cryptocurrencies: ICOs, speculation and investment. Of those three ways, there are two different types of currencies (Road Focused/Car Focused) that have two different types of customers (public/”corporate”). Let’s digest:

Investment Strategies

ICO

Primary offering of coins that often has some sort of incentive amount of extra coins that are awarded as an early signing bonus (Pre-ICO). If you want to retire on a beach tomorrow, you are looking on the wrong article. This website holds some of the most fantastic writing on ICOs that is available anywhere, and I don’t write it! When you buy into something that is not yet traded on an exchange, the upside potential is astronomical, especially when the people betting mortgages on them are counted in the thousands. The reason I don’t invest in ICOs is that timing the top (to sell) of that initial buzz, especially on exchanges like Bittrex/Binance is extremely difficult. If you miss it, you are left with a road map coin that better have some good tweets soon. Overall, you are already at the Mecca of ICOs. I recommend you read as much as of our ICO analyses as possible, as there will come a day when sniffing out good ICOs will become a weapon of mass affluence. For some it already has.

Speculation 

This goes back to your high supply “Future of X” “X 2.0” coins. People have made astronomical amounts of money on coins that don’t even have customers. Usually, their strategy was often buying the cheapest things on the exchange. I have done this, and when it works it is pretty awesome. However, this is all scared money. These are people who have moved money from one tweet to the next, and are often ready to jump overboard at a 20% loss just so they can buy the new thing. I have noticed this time and time again with a lot of the coins that I think are actually pretty neat, but have supplies that make my neck hairs stand. If you can time these buys correctly according to road map objectives and event driven volume, you are a better person than I. (Coincalendar.info) will help you do that. Literally, right above my virtual head you have the best guys in cryptocurrency making EXACT calls on currencies based on hours of research and data mining. 15-20 year trading veterans. Not lightning Gods, but still.

Investment

Ah! Raiden’s territory. This is the least sexy of them all, I can assure you. A little about myself- I don’t come from the tech space. I can only understand the very surface of what is going behind the hood of the blockchain/currency. So, I go towards what I know. There are very distinct ways to see if a business is A. Valuable and B. Making money. I don’t care if they are selling hot dogs on the blockchain, if they fit those two criteria (plus a nice <150MM Supply) I can make money. Time and time again, it always leads me to the same question. Do I want a nice car or a road with tolls?

XMR is an example of a car. No one is calling them to use their roads, be it that they pride themselves on throwing IP addresses into black holes, etc. Don’t think this is a knock on these coins. Putting your money in a virtual razor wire Harry Potter cloak and sending it anywhere is probably going to be useful, and the supplies of these coins is enough to make my mouth water. This is where I must wait for volume. Coinbase additions, new fiat-based exchanges, corporate interest, intermediary indexing would the main drivers you want in car coins. I have used to LTC purchase normal online goods. I can’t say that for any other coin.

NEO/ETH are examples of roads. I will not deny- I love roads. Smart contracts and decentralized apps are making the blockchain useable for every day people-EVENTUALLY. Right now, it’s like playing pong or another old arcade game. But, but, tolls are involved. These are currencies that are becoming bedrocks for businesses (Customer type #2) to come to. They can just simply click a few buttons and there they are on the road driving along using the currency & the directions (ERC-20 guidelines) they were given. The reason I like roads is because businesses have incentive, investors do not. Yes eye popping returns have caught all of us by the nose, but not everyone. Businesses have more money, and they have a direct need for the services provided to create more wealth for themselves that isn’t related to speculative investment. This is why so many things are based off of the Ethereum blockchain. It was there when it needed to be. Perfect amount of supply, took it a step further than bitcoin, and has been an excellent performing baby brother at that.

I want you to see for yourself. Google “Ethereum Jobs” and see what comes up. What companies are hiring developers with Ethereum experience? What is the job doing? You will be quite surprised. Now, could they all be trying to make their own amazing blockchain? Perhaps. But I don’t see ICOs changing their main form of payment (ETH), especially when it’s developed off the Ethereum blockchain. It is quickly becoming the currency of the tech side. Sure crypto kitties…but once again, let’s play a little pong before Call of Duty.

Conclusion

I think all three ways of investment in cryptocurrency can be mastered through this website. I am quite new to the site, but when a non-ICO investor is deep into a BeeToken article (neither shilling nor dumping), you know you have some great people who have a ton of knowledge on this stuff. The trade recommendations we have here are spot on, we wouldn’t have a wall of fame if it was all smoke! However, Ol’ Raiden here loves his roads and low supply cars.

I love business. It’s the civilized form of warfare. Only the strongest survive, each with their own differentiated values that they provide to their customers. We aren’t investing in businesses though. We are investing in tokens that people need to want. I want to invest in the token that businesses will need to become stronger. The only token I have seen do that is ETH. The only token I see doing it is ETH. There will be a litany of successful 1000%+ coins this year, but the United States is quickly becoming an ETH country. We love the road, we have developers for hire for it, and we like that we can do business on it. Even crazier? So is RUSSIA. Vitalik and Putin talked about a Eurasian token for goodness sake! His government hates the idea, but this is still in the pong phase anyway. Roads can have cars, and eventually storefronts. Can’t they?

None of what I said is recommendation to buy or sell currencies. the ones I have mentioned today are examples of what is currently available. I am here to provide you with the armor you need during your time in the trenches of your given exchange. Every currency mentioned can, quickly, go to $0. Best of luck.

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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Articles

Are Crypto News Sites Allowing Freedom Of Thought?

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As the interest in cryptocurrencies has exploded during the past couple years, crypto news sites have been on the rise.  These sites are quickly becoming an invaluable resource for traders who enjoy learning about new crypto projects and trade ideas.  The content distributed through these platforms is typically created by a combination of full-time staff and guest contributors/bloggers.  Many of these writers also have a lot of experience in crypto trading so the articles are extremely beneficial for readers.

One thing that readers should always keep in mind is that the content from these sites normally represents the independent thoughts of the writer.  This is important because writers/traders aren’t infallible.  They can make mistakes like all of us.  So, the best approach for readers is to try to attain a diversity of thought.  A diversity of thought means to gather as much information as possible, from a wide selection of sources.  This is absolutely necessary before reaching a conclusion on a certain topic.

But what happens when a website prevents writers from writing about specific topics?  A colleague of mine recently tried publishing an article at Coinnounce.  The writer wanted to publish an article about the buying opportunity that the Bitcoin crash was affording investors.  Normally an article is rejected for legitimate reasons such as poor grammar, plagiarism, or promotional work.  Unfortunately, Coinnounce cited that the website was bearish on Bitcoin and that they wouldn’t be publishing bullish articles.  Even more troubling is that when Bitcoin rebounded in price, Coinnounce reached out to my colleague and told him they would now be willing to publish the bullish article.

When I found out about the rejection and the reason given, I decided to browse the Coinnounce website (which I had never heard of) to find out what kinds of articles were being published.  And sure enough, the articles were nearly all bearish in some fashion.  The problem with this approach is that nobody knows where Bitcoin is going.  It’s 100% speculation.  What actually matters is the logic presented in the article that helps back up a prediction.  So, while Coinnounce is free to run its business as it sees fit, the website (or the articles published) should have a disclaimer that the information presented represents the thoughts of the website’s owners/editors.  Otherwise, readers may not have a clear understanding of what is being presented.

The point of this article is not to call out Coinnounce.  Rather, the point is to make sure readers are aware that some sites may have different motivations than others.  It’s important to read from a variety of sources to get as much information as possible.  This is true not just for cryptocurrency markets, but for everything in life.  I’m proud to write for Hacked which runs an open and honest platform.  The articles written do represent the thoughts and feelings of the writers.  So, while the editors may not always come to the same conclusions that the articles do, they will never suppress freedom of thought.

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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Op-Ed

The Underlying Assets are Getting Squeezed

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An interesting phenomenon has emerged in the last 3 or 4 months. It appears as if many of the core underlying investment assets of the economy are getting steadily killed in the markets. This is observable in FANG stocks (Facebook, Amazon, Netflix, and Google) as well as commodities like crude oil and iron ore.

Additionally, Bitcoin has continued to get hammered during this absolute beat down on the economy. Many pundits have come out and talked about how this is the “end of Bitcoin” or how this is Bitcoin finally finding its true value, but something far more important is at work here.

Deleveraging During the Credit Squeeze

For anyone who hasn’t been reading the news over the last several months, the actions of the Fed (and other central banks) have been under considerable analysis. The previous decade has seen some of the easiest money in the history of our economy. Easy money refers to the cost of borrowing. The lower the cost (interest rate), the easier the money is considered to be.

So as we start to see the credit markets change in a way that makes it a lot harder to borrow money, a credit crunch begins. This is when there is a shortage of credit (lending) and borrowers are forced to pay back parts of their loans, or at least not take out any new ones. And as a direct result, they can’t afford to maintain certain investment positions.

Their inability to maintain these positions means they need to sell off their holdings in the same way a short squeeze causes short sellers to need to buy back the security they were shorting. A credit crunch closes a lot of positions.

The economy-wide effect this is having is both predictable and scary, because we don’t know how far all these underlying assets are going to fall before they stabilize. In the mean time, there will be drastic political effects as a result. The policies of central banks have come under scrutiny in recent months thanks to comments by President Trump, and now that a tighter monetary policy is being put into play, we are going to see much lower dollar liquidity in the future.

Zooming in on Bitcoin

So with all of these assets “puking on themselves”, or deleveraging, we are seeing some interesting dynamics unfold. In Bitcoin, capitulation is occurring on both sides of the asset, which is exactly what is necessary to reverse this trend in the future.

You can see traders instinctively realize that the “dead cat bounce” that normally occurs as shorts get squeezed out in the $4k range is much more muted now. This is because many of the shorts have already closed their position. Longs are doing the same as they bought in at what they thought was the bottom, even as recent times have proven them to be mistaken.

This is going to work out as a good thing for Bitcoin in the long-term, as it could be the end of the massive downmarket it has experienced all year and a new time to shine. At the very least, it could create a good “bottom” for opportunistic buyers to hop in and average their costs down a bit.

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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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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