You are viewing a single comment's thread from:
RE: Crypto Contest November 24: Stratis
Stratis will stay in a trading range between the July 11 low and the August 10 peak until December 25 (33 voters as of 3 PM EST November 25: helikopterben, me-tarzan, twinner, crokkon, miniature-tiger, flemingfarm, simonjay, lucasgabd, ace108, catena, dirty.hera, dlina-v-metrah, toofasteddie, osmanbugra, tzap90, komischername, mirda, coolthings, carlosdaniel, richard78624, heroic15397, allmonitors, yefet, andy23, ragnaros, dbooster, plumygg, abay, rekaa, heidelbaer, arpepa, freskil, koskl).
Lately i like to compare altcoins with the BTCUSD price. Usually they follow BTC up and down like a snake moves to the flute of its master. If i remember the Dow Jones theory right, 65% follow upwards and 85% follow downwards.
If i see an altcoin that just cannot follow a rising BTC price anymore, i am pessimistic.
Made a drawing for STRATUSD compared to BTCUSD https://www.tradingview.com/x/7SrKbGr1/
https://steemit.com/investors-group/@helikopterben/the-big-long-update-on-collapse-in-bitcoin-dominance-11-14-17
I believe we will see alt coins outperform bitcoin in the coming months.
It will depend on how educated people are.
I wonder why LTC is not used over BTC, for example. There is every reason to do that. Yet BTC performed better than LTC so far.