The Crypto Report January 14th
The Crypto King Report January 14th:
State of the Market, NEO, ICX, STRAT, KuCoin Picks, 2 ICOS, and January Conferences!
The state of the crypto market is clearly a volatile one
That being said markets go up and down. Markets that go up 300% in 1 week also have a tendency to go down 50% another week. This is how the game works, it takes a strong stomach and iron cojones. People always are nervous on the weekend, but do you know the statistically best day on average to buy BTC (lowest price?)? Sunday.
It has to do with the FIAT banking system unable to get new $$ into the crypto markets until the week. Now, want to guess the most expensive day? Friday.
If you are selling BTC its best to cash out on a Friday and buy in on a Monday. Just a helpful tip to understand minor market functions and how they are related to the FIAT banking system.
Upcoming Calendar: Jan 16th London Summit Bitcoin Workshop
Jan 18th Miami’s Blockchain Conference
Jan 19th London’s Blockchain WEEK
Jan 25th Manilla Blockchain Event
Jan 25th U.S. & China Cohosting an Event
Jan 31st DevCon (NEO!)
The FUD attacks we saw our lovely news agencies provide us have been dispelled multiple times by the South Koreans. With a schedule like the above the market is about to see a major infusion of funds. Bonus checks from last year are about to clear for almost every career path. There are conferences week after week with many weekends having 2. Coupled with FUD attacks that always preempt market ATHs, we have a very positive few weeks in Crypto coming up, regardless if the market is getting slammed today (except NEO ).
Another topic I want to discuss is specifically NEO! People always ask me when is the best time to buy and sell a coin. I want to give NEO as a very good example of how I can’t tell you when to pull the trigger but can show you the best options in my opinion. Binance pays “GAS” for NEO held on the 1st of every month. This makes the price of GAS (a coin traded on exchanges) drop the first week of every month as the market is flooded with new GAS. However, the price of NEO also spikes in the final few days of the month in anticipation of all the free “GAS” that will be dropped into your account.
Binance does it automatically which makes it very convenient. NEO is currently facing the perfect storm of positivity. They have 20+ ICOs on their NEO platform in the works, each will pay GAS when their coins begin transacting. They also have meet ups every few days until the last week of January where they will be at multiple conferences (the biggest in the world).
After meet ups in Europe, conferences in major cities and new ICOs paying more and more gas, they are going to be giving “GAS” on the 1st. I see NEO’s price continuing to rise regardless of the trend in the overall crypto market as the 1st of every month approaches. However, leading up to the 1st of February I would expect to see NEO reach a new ATH almost daily.
Binance is taking new customers (NEO, STRAT and ICX): https://www.binance.com/?ref=12820392
If anyone has been watching the KuCoin order books it is easy to see the Whales at play. 5BTC orders get dropped into the order book a few % off the current buy/sell price.
Driving the price down or up as they sell or accumulate. You can see this on many different coins
Either way as no new FIAT is entering crypto because it’s a Sunday, the whales are heavily at play, and we just suffered FUD attacks. I recommend HOLDING, not selling at a loss, and using any gains or new FIAT to purchase NEO, STRAT, and ICX (safest plays through the storm).
Moonshots are currently selected from KuCoin. To use KuCoin make sure to have an account: Referral link for KuCoin:
https://www.kucoin.com/#/?r=7cgd6g
The picking of moonshots will be temporarily suspended as right now 90% of coins on KuCoin have dropped 30% or more in the last 2 days making most a great buying opportunity as the whales pressure the price down and continue to accumulate.
What you have to understand about a moonshot is patience. You can’t expect to have a 10x gain in a 3-day period of time. None of my moonshots, not even the ones up 600% were 100% gainers in the first 24 hours.
If you are jumping on the backs of a moonshot pick without doing your research and without the intention of HOLDING you are doing yourself an injustice. The first coins to bounce back from a downward correction are the mid-caps and large-caps. So far we’ve seen the beginning of this bounce back the last 12 hours.
The last to follow are the small caps ($30-$100 million market cap). However, when this third category do bounce back, they comeback with the most momentum. Usually having 100-300% gains in a very short period of time. This is also why they drop 30-50% during market retractions. You can’t blindly follow anyone’s advice, and you have to understand crypto is an investment (and a gamble), not a 24hr waiting game. You can be successful day trading it but that is also a way to get very badly burned. Moonshots should be bought and held until the % you deem appropriate is reached at which point they should be sold.
Yesterday’s Moonshot Pick (some info copied from yesterday): FLIXX FLIXX is a favorite as a moonshot of mine because of it’s extremely low market cap on KuCoin, and it’s almost exclusive presence on KuCoin. It’s already formed partnerships with other coins making significant moves in the blockchain sector (ADX). Along with a truly revolutionary platform. Originally I was thinking this is the Netflix for the blockchain but a better comparison would be Youtube for the blockchain. It is much cheaper to host media on the blockchain then cloud servers and recently FLIXX announced a partnership with ADX to provide ads throughout their experience. FLIXX is already looking to capitalize on their platform and ADX has worked with Easyjet to sell ad space on the blockchain already. I expect FLIXX to rebound exceptionally hard following the low caps northward trend in the next few days. FLIXX is also a coin that fluctuates greatly in price daily so if you want to try your luck at day trading place buy and sell orders in front of the buy and sell walls and see how cheap/how expensive you can buy/sell for. If you don’t understand that last sentence, let’s stick to buying and holding for now. FLIXX is a new addition to my moonshots and KuCoin portfolio. There are only 1 or 2 more coins that would qualify as moonshots and those won’t be released until the market recovers slightly. FLIXX is waiting for shuttle launch as we speak.
NEVER have 100% or even 70% of your funds in 1 coin, always stay diversified! I am almost evenly diversified between my moonshots and ‘safe plays’ with an even allocation among the moonshots. The moonshots are listed below and safe plays are listed below!
(UPDATED, VERY IMPORTANT PARAGRAPH) HST, DBC, ELIX, SNOV, BNTY, KCS, DRGN, PURA, and EVX were my prior moonshot picks! Most are up between 100% and 600% depending on where you bought them., you will see I called DRGN when it was $.7 and KCS when it was $3.00, while KCS is now $15 and DRGN is over $4. Moonshots are not going to moon while the market is bleeding.
We all need to be patient, with a strong set of cojones, to allow the moons the required time to take off. I feel the same losses all of you feel, I am just accustomed to them because when these FUD attacks occur, 2 weeks later your portfolio will be at its ATH (all time high). This has happened many times in 2017, especially from November-January. HOLD STRONG KINGDOM, HOLD (I have faith in you all!).
A new exchange is a very hard thing to find.
KuCoin allows very easy deposits and withdrawals. I tried out Cryptopia, and it allowed me to deposit 5 Ether, but only withdrawal 3 per day, and it took over 12hrs to process. This was worse than CB.
KuCoin is the current perfect solution to Binance and Bittrex freezing out new customers (for the most part) and they are focusing on adding large cap coins, as well as small cap coins, appealing to a range of investors.
(My picks and strategy for January remain unchanged, ride out the storm, accumulate safe plays, and time sells as best as I can)
I have 4 plans of attack for January:
- Moonshots (explained above).
- ICOs (explained way below).
- Conference Plays.
- January Buy and Hold (with dates)
Most of my recommended coins can be purchased on KuCoin and Binance, there will be 1-3 more KuCoin moonshots in the coming weeks. Following those moonshots, if Binance is not accepting new traders, I will research the next best platform with moonshot opportunities and ease of withdrawal.
(Favorites Remain ICX, STRAT, and NEO as Buy and Hold)
My 3 favorite January plays remain ICX, STRAT, and NEO. NEO has more conferences than any other coin in the next 2 weeks and meet ups all over Europe prior to that. NEO is the Asian Ether and should rapidly increase in value in the next 3 weeks.
STRAT will remain a favorite of mine as they are launching their ICO Platform and have 2 flagship ICOs ready to be announced (they are timing the down market waiting for a correction, I guarantee it). The FUD started in South Korea and ICX crashed because of it. They still have their first HOSTED blockchain event during their mainnet release the last week of January in the tallest building in Seoul. All 3 make up a major portion of my “safe plays” for January with an expected return of 40-100%.
My 3 favorite short term conference plays based on conferences for the next 2 weeks are: WAVES, ARK, and SONM. These 3 are all at events in the next 2 weeks of January (Waves and ARK are at a conference in Miami I will be attending!). These conferences provide exposure to the top individuals and founders of coins with billions of dollars in market cap. In comparison to other coins speaking at the largest January events WAVES, ARK, and SONM’s market cap is very minimal. With ARK and WAVES in Miami and SONM in London I expect a big week from these 3. This market dip provides an opportunity to purchase WAVES, ARK, and SONM at an undervalued price. As their conferences are approaching I expect their price to trend north rapidly, peaking on the day of, or day after the conference. These should be focal points if you shy away from moonshots (which you shouldn’t!).
XEM, I’ve discussed this one many times. Their NEM 2.0 release, their Catapult Network, and a 4-week hackathon with plenty of publicity beginning this week, make XEM a winner for January.
TRX, FUD attacks mean new ATHs remember that. A new game and a FUD attack, I expect a rapid rise. Not a long term favorite of mine but a great possible short term play. They have taken another recent beating, if you like this coin now is a great entry point.
POWR, Very few coins are sponsored or have the support of their native country. Australia has some of the worst laws for investing in crypto (problems with deposits and withdrawals) when compared to any country. Yet the Aussies LOVE crypto (as do I!!!). POWR has the Australian govt. support likely due to the power issues plaguing Australia. POWR is a great long term play.
ADX, One of the reasons I like FLIXX is I like ADX. A port to NEO is happening very soon and they also have a profitable advertising platform already set up. They recently completed a deal with EasyJet in the millions of dollars and are continuing to expand their user base. Advertising on the blockchain with a new port to NEO, seems like this is a clear winner with that type of news on the horizon.
ENJ, A new listing on KuCoin and a new wallet release? Not to mention their Minecraft Plugin is coming out very very soon…What more needs to be said about ENJ. They were one of the few winners in the market recently and should continue to be green even in a sea of red.
ARDR, Still a great buy because of its network but Bittrex is frustrating me to no end. My NXT has yet to arrive and my ARDR wallet has yet to be opened back up. Bittrex stop being so annoying this is why people are switching to KuCoin and Binance!
Everyone is always asking about which ICOs I’m involved in and recommend. Well here are the current 2!
ICO’S : STORIQA: “The Amazon Cryptocurrency Marketplace”. Great team, great platform, easy to sign up for ICO (even for U.S. investors). Well past their soft cap and approaching their hard cap! Discount for bonus coins still available in the short term! This has been on and off of my rec list but because they are approaching their hard cap I figured I’d give everyone one last opportunity to sign up! Referral link : https://tokensale.storiqa.com/?ref=6663944dff31989391d803ce
KYC Legal: KYC Legal (please use the referral as I make no $ spending countless hours researching these ICOs and coins ) referral: https://bookbuild.kyc.legal/?ref=1a56a7e73e70e92e06e6eb75
Know Your Customer (the dreaded KYC form). If you’ve completed an ICO recently you know the form I’m talking about. The form they give you at the end, after you’ve sent your .5eth but before they will release their tokens. Basically stating you understand this market is unregulated, etc. Well a blockchain token has in essence solved this problem. I HATE KYC forms and if the KYC system was set up in a way in which you wouldn’t have to fill out that form repeatedly for every ICO it would be more convenient for all investors and ICO companies. KYC Legal intends to do just that. According to the founder DR, “This is a simple and quick way to complete client identification procedures, which can then be used to verify the client’s identity during various financial operations (so-called KYC (“know your customer”) requirements that financial institutions and companies working with the money of private individuals use to identify and verify counterparties before starting a financial transaction). This niche is completely untapped and I HATE KYC forms enough to think this is a brilliant idea. They are calling it a “Universal alternative to Personal IDs,” on the block chain. Brilliant concept and there are 2 days left to receive the 38% discount from the final price. A 38% gain prior to token sale completion is significant, imagine what will happen when the hard cap is reached and it hits the first exchange. KYC Legal: https://bookbuild.kyc.legal/?ref=1a56a7e73e70e92e06e6eb75
If you spend the time reading these you understand how long they must take to research and put together.! So I can provide her with presents while answering all of your questions make sure to show some love!
ETH: Address: 0x82decf77fedd58cc646622f876eaeb16d2817e23
LTC Address: LT4hGzwmBPwNa2veiGg8QgBkV53sGvWFSS
BTC Address: 16AgVbEJXabM2i5K2ns1GZwsmxk1QZicxX
DASH Address: XgXUZBvuzgZbT6VEjBNktsDRxh7xaXKCUH (cheapest way to send!)
XMR Deposit ID: b72e438346259f2828feaec4b04f0a95034b6364853f6f33d2370f57a37a1753
