Eric123 Posted January 11, 2022 Author Share Posted January 11, 2022 Bitcon broke through the first down trend line. One more to go. If you bought the dip, congratulations. I might make another purchase later in the week depending on what the price does. Thinking I might use this time to build a position in Cardano (which I presently don't own). Rippley, Chookstar and VegitaXRP 2 1 Link to comment Share on other sites More sharing options...
Guest Posted January 11, 2022 Share Posted January 11, 2022 1 hour ago, Eric123 said: Bitcon broke through the first down trend line. One more to go. If you bought the dip, congratulations. I might make another purchase later in the week depending on what the price does. Thinking I might use this time to build a position in Cardano (which I presently don't own). Not financial advice and I don’t own either, but consider Algo instead. Link to comment Share on other sites More sharing options...
brianwalden Posted January 11, 2022 Share Posted January 11, 2022 19 minutes ago, Ripley said: Not financial advice and I don’t own either, but consider Algo instead. Fantom is the Solunavax of 2022. Gilligan, Chookstar, Eric123 and 1 other 4 Link to comment Share on other sites More sharing options...
Guest Posted January 11, 2022 Share Posted January 11, 2022 39 minutes ago, brianwalden said: Fantom is the Solunavax of 2022. no idea what either of them mean Link to comment Share on other sites More sharing options...
brianwalden Posted January 11, 2022 Share Posted January 11, 2022 2 hours ago, Ripley said: no idea what either of them mean Sorry. Solana, Terra (LUNA), and Avalanche are three networks that catapulted into the top 10 in late 2021. Crypto Twitter has started to collectively call them Solunavax. While I think Bitcoin and Ethereum's network effects are going to keep them dominant, I think this push outward to more networks is going to continue at the same time. My money is on Fantom. It's got a nice little ecosystem started, it's caught the eyes of some big devs, and it has the advantage over Algorand, for example, of running the EVM. Anyway, if you're looking to pick an L1 network winner in 2022, my money would be on Fantom. That's not going to fit everyone's risk profile, and there's probably more money to be made in other classes (like gaming/metaverse), but that's just my two cents. JASCoder, Gilligan, Ahchai and 1 other 1 3 Link to comment Share on other sites More sharing options...
Chookstar Posted January 12, 2022 Share Posted January 12, 2022 1 hour ago, brianwalden said: Sorry. Solana, Terra (LUNA), and Avalanche are three networks that catapulted into the top 10 in late 2021. Crypto Twitter has started to collectively call them Solunavax. While I think Bitcoin and Ethereum's network effects are going to keep them dominant, I think this push outward to more networks is going to continue at the same time. My money is on Fantom. It's got a nice little ecosystem started, it's caught the eyes of some big devs, and it has the advantage over Algorand, for example, of running the EVM. Anyway, if you're looking to pick an L1 network winner in 2022, my money would be on Fantom. That's not going to fit everyone's risk profile, and there's probably more money to be made in other classes (like gaming/metaverse), but that's just my two cents. I agree with you! I have limited charting knowledge but from what I can see FTM is such a strong coin in the way that it moves. Neurotoxin and brianwalden 2 Link to comment Share on other sites More sharing options...
Eric123 Posted January 12, 2022 Author Share Posted January 12, 2022 Price is moving closer to the Down Trend Line. MACD is turning. $45,500 gets us above the Down Trend Line. Chookstar, Rippley and MQB 1 2 Link to comment Share on other sites More sharing options...
Nat99 Posted January 12, 2022 Share Posted January 12, 2022 19 hours ago, brianwalden said: my money would be on Fantom. Fantom's 6.5b market cap is about 50 times too high for my taste. 20-50mio is what I look for, which is why I moved 1/3 of my XRP holdings into Covalent (CQT). The hope is that they become a multi billion project, which would be at least a 40x from here. Link to comment Share on other sites More sharing options...
brianwalden Posted January 12, 2022 Share Posted January 12, 2022 1 hour ago, Nat99 said: Fantom's 6.5b market cap is about 50 times too high for my taste. 20-50mio is what I look for, which is why I moved 1/3 of my XRP holdings into Covalent (CQT). The hope is that they become a multi billion project, which would be at least a 40x from here. Yup. Everyone's looking to fill a different risk profile. Link to comment Share on other sites More sharing options...
Neurotoxin Posted January 13, 2022 Share Posted January 13, 2022 12 hours ago, Nat99 said: I moved 1/3 of my XRP holdings into Covalent (CQT). The hope is that they become a multi billion project, which would be at least a 40x from here. Hadn’t even heard of that coin until now. One quick look at CMC reveals it would have been an AMAZING quick flip in the summer (if u got in at say 40c then sold at ~$2 a few weeks later). Wish I had a crystal ball. Chookstar and Nat99 2 Link to comment Share on other sites More sharing options...
jMusic Posted January 13, 2022 Share Posted January 13, 2022 @Nat99 You appear to have a strong bond with Covalent ( sorry !). With only the same cursory glance on CMC as Neurotoxin I would be concerned with the (relatively high) current price when only 49.6M CQT are circulating out of 1B max supply (<5%). That's a huge amount to be released/sold down the road, but maybe I've missed something that mitigates this ? That's also not to say that you couldn't swing trade it like Neuro says. Nat99 and Neurotoxin 2 Link to comment Share on other sites More sharing options...
Eric123 Posted January 13, 2022 Author Share Posted January 13, 2022 Bitcoin's price is inching closer to the Down Trend Line. MACD on the daily chart has turned positive. Chookstar, dtpace and doopers 3 Link to comment Share on other sites More sharing options...
ipinabox Posted January 14, 2022 Share Posted January 14, 2022 Continuance, often perpetual to continence yet contemptuous. Your charts are farts and let me show you why. MQB and Erik156 1 1 Link to comment Share on other sites More sharing options...
Eric123 Posted January 14, 2022 Author Share Posted January 14, 2022 (edited) Bitcoin continues sideways movement toward the Down Trend Line a "close" of $44,750 , Litcoin is moving up significantly at the moment up 6%+. Picked up some more BTC yesterday at $42,900. I might pick up some more today. Hash rate hit another all time high. Edited January 14, 2022 by Eric123 Chookstar and dtpace 2 Link to comment Share on other sites More sharing options...
Eric123 Posted January 14, 2022 Author Share Posted January 14, 2022 Just bought more BTC at $43,100. DannyRipple 1 Link to comment Share on other sites More sharing options...
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