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RE: Missed out the train on BLK and XRP? Want to know what could be next? Read on.
Yes, BlackCoin. What you are saying about XRP and XMR (XME?) could be true for all I know because my approach to this is strictly from perspective of technical analysis and behavior of complex systems. I will include fundamental research in my future articles, but for now my focus is on pure mechanics.
Great post man! love it... I like the way you explain it out... you don't try to impress and confuse with a bunch or trader jargon like C.P. and Ivan tend to...( I guess they purposely cloud what they say to protect their "paid signals" business) Thank you for speaking plainly and clearly... it is a refreshing change to what you see everywhere else! as for fundamentals...... In my experience... from a trading perspective... fundamentals cloud ones judgment... they make you stay away from potential good profits...and also can make you hold a coin longer than the market indicates...Fundamentals are for long term investors... you look at them when you plan to buy and hold for a long time... But if you are trading daily... you should just stick to the chart analysis because it is rooted in human emotion... not coin fundamentals.
Thank you for support, I firmly believe that most of that talk is a smoke screen to cover up that this is essentially pattern recognition in relation to arbitrary scales and not that hard to learn and utilize if motivation and time are present. And I emphasize arbitrary, Fibonacci, fractals and other systems based on pure mathematics are unable to, well, mathematically predict living world. They can, however, provide framework for us play within. Some hard rules exist, such as buy on red and sell on green, but everything else is subject to pattern recognition and how one is good at it when judged through time. Hope this makes sense, all I want to say that when one looks at what indicators actually indicate it is often simple concept. It is chaos theory at work in human systems that messes with its implications and that is where that mythical "feel" for it comes; understanding the concepts and being at them long enough for your brain to rewire in way suitable for recognizing that patterns.
I do not want to limit myself as day trader or hodler or anything in between. I believe that profits are to be made on all levels and to be master of the trade, one has to know as much about as one can about all aspects of it. I want to have system that will bring me consistent money on short, mid and long term.
dude blackcoin is a dud,, i was invested and pulled out all my money into neo at 7 dollars.. what im saying is, they are listed on the worlds biggest exchange creating high volume.. and monero is coming next.. in aug 25th to be presise
Watching lot of coins, XMR being just one of them and not the only one "coming next".
As far as BLK goes, if you know something, please let me know what it is.
As far as I
m aware, they are in for their very own segwit and this chart from today looks good with plenty of exit positions if proverbial shit hits the fan, so Im quite comfortable for now.https://www.coinigy.com/s/i/599dadc77a2b9/
xmr is coming next to the korean exchange, i dunno black coin was one of the first pos coins., and i was invested for months with no change, dont get me wrong its na good coin and may slowly gain vlaue, but i mean, why would someone use that over the other plethora of coins you kno
Maybe because of this?
Bitcoin
Past limit: median time of last 11 blocks
Future limit: +2 hours
Granularity: 1 second Expected block time: 10 minutes
Blackcoin (New rules)
Past limit: time of last block
Future limit: +15 seconds
Granularity: 16 seconds Expected block time: 64 seconds
Granted, this is from old document and I could find no concrete news of their segwit activation, but this type of performance (whether or not this is true data, well, I`m not an expert and have not tested this myself) brings certain amount of confidence with investors. That could be one of the reasons why someone would use this particular coin.
Source:
https://bravenewcoin.com/assets/Whitepapers/blackcoin-pos-protocol-v2-whitepaper.pdf
people use the coins because everyone uses them.. Its like if you could use usd(bitcoin) or say the Egyptian pound (blk) no one will use blk because there is a risk of no one excepting the payment, how many stores real world places accept blk ? not many.. but im no expert myself..
Could be, we`ll see. Not so many places in the world accept BTC too.
bro m any places accept bitcoin, and yes it is slow, and a instant payment aka dash is better there. but there are many cards.. that can now pay with bitcoin tenx ect.,. i also hope you got on the xmr train or getting on it lol..
https://steemit.com/blackcoin/@bruenor/back-in-black-and-out-of-losses