You are viewing a single comment's thread from:

RE: BUY SIGNAL TODAY BUY BITCOIN / COMPARISON 24hr VOLUME BTC / CRYPTO CURRENCY BITTREX - POLONIEX

in #bitcoin7 years ago

Look guys... volumes are a clear indicator that prices in the short term are gonna rise. Now since Bitcoin doesn't have fundamentals to assess the valuation of the token, you have to depend upon volumes alone to predict sentiments. Analysis of bittrex is a good idea but what is more important is to analyse the updrends through fundamentals. In crypto tokens fundamentals depend on business models and acceptability over time. Bitcoin has surely achived that and that is why it's at the top. If you look at steem for instance, you will realize the worth of fundamentals. Steemit is a decent platform and that is why it has survived. But look at the price of steem as a token. It is still hovering over a dollar. It doesn't seem to be riding the boom. This might be because of the fact that though the business model is ok but post that for the next two years nothing much has happened owing to lack of enough promotions and innovations

Coin Marketplace

STEEM 0.18
TRX 0.16
JST 0.030
BTC 62410.74
ETH 2445.09
USDT 1.00
SBD 2.67