Imagine this: You are in a small loosing position. The signals from the market are not clear, but your initial decision is still valid. The loss gets bigger. Will you panic sell? Will you hope? This is where it gets emotional for traders. Here is how you can keep your cool.
Lately, I have built up my skills in Technical Analysis. I learned about moving averages, accumulation indicators, and more. Continue reading
Sometime the blockchain “forks”. Lots of trader seem unaware what that means, so here is a short explanation: Basically the network disagrees about the current blockchain state, so there are multiple heads like a fork has multiple tines.
If you look at shitcoins (e.g. AuroraCoin,BeeCoin) and compare them to innovative coins (HeavyCoin,MyriadCoin), they both go down after an initial pump. Shouldn’t HeavyCoin slowly rise because of its intrinsic innovation value? Let me phrase that the other way round: Why is an innovative coin more valuable than a stupid clone? Answer: It is not. In the current climate innovation does not actually make a coin valuable. At least for now.
A few days ago, a BlackCoin Multipool was launched, which gave Scrypt miners an easy way to acquire BC. Mining Bitcoins and trading them for BC is a simple activity any miner could do himself. The conclusion: Miners are very lazy.
Remember to take a break from trading from time to time. Enjoy your wealth and some company!
I entered the altcoin scene in the beginning of February. Never putting in my own money, I started with some Dogecoin tips. One month later, I had 0.1BTC.
One of the most popular articles on this blog is about Kimoto’s Gravity Well. However, it is also somewhat outdated by now. We are living in an age of rapid innovation in altcoins. They are quickly adapting to the multipool threat. The new state of the art is even better than Gravity Well.
Most people agree that Bitcoin will not be the only coin in the long-run, but there will be a few for different niches. Now, how many niches are there? Will it be 3, 7, or 100? Here is my guess.