SOMETHING BIG, SOMETHING HUGE, SOMETHING MASSIVE is APPROACHING the CRYPTOSPHERE!!!

bitcoincompany (67) · 7 years ago

i love crypto

$2.98

4 votes

youareyourowngod (58) · 7 years ago

and crypto loves you

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onealfa (74) · 7 years ago (edited)

I feel it too - the next 3-4 month gonna be really exciting for crypto lovers

$2.68

3 votes

devrim (39) · 7 years ago

Bitcoin is insanely overrated.

Once the Alts get the attention of the newbies we should see the explosion you're taking about.

We have been very patient with this stupid bullrun of BTC (basically a prototype) and it masked the Alts more than enough.

Positive side is that we now have a much bigger marketplace with a lot more people and marketcap.

So although the BTC guys were just trying to fill their pockets with their infinite forks they brought the space to a new paradigm, advancing it forward by almost a year in less than 6 months.

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7 votes

indurkin (48) · 7 years ago (edited)

Bitcoin is essentially just a protocol, if you look at it from a purely technical point of view it reminds me a lot of IPv4. People have been predicting it's eventual demise for over 20 years and the way things are going, will be doing so for another 20. Incremental improvements to an established protocol are very often more than enough to keep better alternatives from gaining the necessary critical mass to take over. The tech sector is littered with similar examples. There are notable exceptions but most altcoins are themselves nothing more than incremental improvements over bitcoin.

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zackvegas (30) · 7 years ago

" Incremental improvements to an established protocol are very often more than enough to keep better alternatives from gaining the necessary critical mass to take over. " You may be correct on this, but there is one thing you overlook....... BTC absolutely REFUSES to make these incremental improvements.

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indurkin (48) · 7 years ago

Well you can argue that to some degree but I prefer to avoid religious discussions :)

For the most part I tend to agree with you and if things continue on in that way, someone putting the same argument forward at some point in the future will be right. For now I think Bitcoin still has enough of a lead to stay ahead but will that lead be squandered? Only time will tell.

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devrim (39) · 7 years ago

Yeah. You're right actually.
Mine was just some wishful rant.
Very nicely said.

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change-4-a-buck (41) · 7 years ago (edited)

in order for the "newbies" to buy alts they need to buy BTC first
and that's exactly was has been happening recently - over
100 biilion dollars poured into BTC/alts last few weeks... why all the negativlty with bitcoin - the alts have been doing great recently , is it because you don't have enough ? want some cheaper ?
we all know BTC is dated - but that hasn't stopped it - its the gateway to crypto, shocked that I even have to write this - the more money poured into btc the better it it is for your alts .
BTC was here first and for that its being rewarded- without Bitcoin you wouldn't have your alts

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5 votes

vimukthi (72) · 7 years ago

You could buy popular alt coins like ETH, Dash, LTC and most coins listed on Kraken without buying BTC.

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change-4-a-buck (41) · 7 years ago

that's great !
not very exciting though but at least we have options

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weisk (25) · 7 years ago

but in currencio right now, 100$ worth of crypto:

0.00852459btc = 94.67 USD
0.141490244970023058eth = 65.16 USD
0.08532373dash = 64.68 USD
0.64581975ltc = 64.88 USD

dont know how is it on other fiat-2-crypto gateways?

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devrim (39) · 7 years ago

It's not a healthy marketplace this way.
Alts need to be traded by fiat and should not be tied to BTC. BTC is just a name with no good function at all.

Have you seen any other market where thousands of commodities are closely tied to one prototype? And in such a stupid way that when BTC rises they MAY have a chance to rise a bit and when BTC falls a bit, they fall 4-5 times worse???

This will change in the coming years. Sooner or later BTC will loose this insane position that only comes from being the first.

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5 votes

summertooth (72) · 7 years ago

How can you say BTC has no good function? What are you basing your statements on? It's not my favorite crypto by far but it is the original, and right now it is about the only way for anyone to get into the crypto market from fiat.
Is it the fastest crypto? No.
Is it faster than a wire transfer? Yes.
Is it faster than mailing a check? Yes.

Are the fees the least expensive of any crypto? No.
Are the fees lower than a wire transfer? Yes.
Also the fee for sending bitcoin is THE SAME weather I send .001 BTC or 100 BTC
Is this true for wire transfer? No, for that it is a percentage so to transfer a large amount of $$ you will pay a large fee.

Like it or not Bitcoin is the originator and, currently, the most widely accepted in terms of real-world purchasing, so why all the hate?
It seems to me that BTC can only be a good thing for ALL crypto, sort of an ambassador of crypto to the noobs.

BTC price goes up,
people talk, positive news reports are filed,
noobs get interested, noobs invest,
invested noobs now learn of other (kick-ass) cryptos and move from BTC to their new fave
Noobs no longer noobs,
We all win
:)

$0.48

7 votes

rexusmo (64) · 7 years ago

Impressive, that exactly what I tell people when they get confuse.

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summertooth (72) · 7 years ago

Thanks man. I know it's kind of a simplistic way to put it but it's a good place to start.

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devrim (39) · 7 years ago

I am not confused at all.
Doing just fine.

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zcurtis (25) · 7 years ago (edited)

I would consider myself a noob when it comes to cryptos. I have been following haejin for the last few weeks and trying to figure out how I even invest in these alt coins. It seems that you have to have accounts on many different platforms to invest in all the different ones. Do any of you have advice for platforms to access these altcoins? Thanks!

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dmwh (54) · 7 years ago

Bittrex has a ton of alts. You can check the Markets tab for each coin on CoinMarketCap to see where it's listed.

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zcurtis (25) · 7 years ago

Thank you. Is there a way to invest in these by depositing USD or can you only do it by purchasing other coins first?

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dangis (25) · 7 years ago

Make sure you are fully verified before depositing anything into Bittrex

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dmwh (54) · 7 years ago

I've used Coinbase and Kraken to deposit "real" USD. IMO, Coinbase is easier and if you set up an account at GDAX (uses your Coinbase credentials) you can buy without the high fees. I'm on the fence regarding Kraken as their website and trading platform has been unreliable.

I've only used Bittrex for trading coins. I do not trust Tether since it's not clear to me if it is actually backed by real USD so I avoid trading any pairs matched to USDT and instead tend to use the BTC pairs.

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devrim (39) · 7 years ago

Thanks for commenting.
BTC funtions all explained!
I rest my case.
It's not that I don't like BTC. Just that nobody will remember it in 20 years while some alt coins will rule the world.

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summertooth (72) · 7 years ago

WHAT? Bitcoin is a game changer, do you really think no one will remember it? Wow.

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change-4-a-buck (41) · 7 years ago (edited)

the market will figure things out -
BITcoin was here first-- almost all alts are BS and just jumping on BTC coat tails to make fast money.
if you are so opposed to using btc to buy alts then stop trading this is the only way you can show them how upset or angry you are - but not sure they care since billions of fresh money will be poured daily from wall street

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3 votes

nanocheeze (52) · 7 years ago

Devrim: I would say it is more like how we price barrels of oil in USD and no other currency. That is the standard chosen and currently accepted. And based on that the US dollar gets a big discount on oil. It's the same concept, sorta... But I do agree with you still...

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squared (34) · 7 years ago

Let's say in human evolution the USD is a prototype.

BTC rises inversely to confidence in USD

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petrmisan (45) · 7 years ago (edited)

BTC being the current well-known gateway to crypto is not a good or sustainable protective moat against other coins. There are many events that could remove it once the market & the crypto space matures. The scalability issues need to be fixed!

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vimukthi (72) · 7 years ago

Personally I think the forks were terrible for BTC because it's few billions worth Currency into the market instantly. You can't build a currency that big that fast from scratch. They also stand as alternatives to BTC. Guess my $500 BTC prediction will come true sooner than expected. (I was originally thinking before the end of 2020)

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devrim (39) · 7 years ago

Hey man.

I am enjoying the WTC profits thanks to your posts. So thanks. Do you have other gems like that one?

I work to enter the DAC ico. Not a breeze as they have this KYC procedure. IOT project of a Hyundai company.

You may want to take a look at that one.

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vimukthi (72) · 7 years ago

The project does give me a bunch of green flags. But they are also going to face some real competition.
https://nem.io/enterprise/use-cases/
https://h.cash/
It won't be very easy for them as the competition has a head start.

Metaverse had some serious wallet issues despite having a bigger core dev team than NEO. If they get things together https://mvs.org/ is a easy X20 in a year. I'd advise you to be cautious with this one.

Sustratum unfortunately tripled while I was on ETH. It could still go much higher. But I'd rather stick with https://sonm.io/ which is to Golem which EOS is to ETH.

https://basicattentiontoken.org/ is already big. bit X5 in a year is 99.9999% sure. It just needs to have it's browser kick off (has over 1M Downloads on Android alone) and it'd be taking on online advertisers the same way BTC took on Bankers.

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devrim (39) · 7 years ago

Thanks V.
My email is devrimogun at gmail.
Send me an email there.

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dentaby (28) · 7 years ago

Interesting thoughts about Metaverse. I have to look at this one.
BAT: I'm at this moment browsing with Brave (the browser of Basicattentiontoken) :-) ... it's nice ... and I'm invested to BAT too ...

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devrim (39) · 7 years ago

I already have an advertising coin ADX.
I am not sure if I want another one.

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vimukthi (72) · 7 years ago

BAT has the creator of JavaScript and Mozilla behind him and they have their own ad blocking browser with privacy features.
Take a while to explore : https://www.reddit.com/r/BATProject/

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devrim (39) · 7 years ago

All right i will look more closely to it. It looks like sonm is cheaper then it's ico price at this time.
Might be an incredible opportunity.

Email me please let's give and take ideas.

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cliffy32 (43) · 7 years ago

I hope so! That way I can be chilling on the farm and trading cryptos raising my kids.

$0.48

10 votes

anarchrysalis (63) · 7 years ago

Hey, love this man, aiming to do the same thing here!

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3 votes

cliffy32 (43) · 7 years ago

Hey nice to see fellow Steemians with the same thoughts! If you need advice on your farm, I am an agricultural consultant, kinda like the Haejin for your veggies and animals.

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tt-dogg (52) · 7 years ago

im with you on that brother!!!

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cliffy32 (43) · 7 years ago

Nice one!

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hashbox (27) · 7 years ago

Same here. Hope it will work out for you.

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cliffy32 (43) · 7 years ago

the same to you, come on massive profits!

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summertooth (72) · 7 years ago

Hell yeah, you guys are all invited to my ranch (that I don't have just yet) summer 2019!!

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cliffy32 (43) · 7 years ago

Right on! I will either be in Spain or Colorado (I don't have it yet neither).

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dentaby (28) · 7 years ago

:-) nice

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hefziba (56) · 7 years ago

You are predicting a massive correction for BTC after wave 5 of 5. Maybe this will coincide with the massive explosion of alt-coins.

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13 votes

digitalisbetter (32) · 7 years ago

that is exactly the same question i've been thinking of! @haejin - what's your thoughts on this??

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cryptosuf (51) · 7 years ago

CVC on the rise!?

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conradsuperb (67) · 7 years ago

I agree, something YUGE is going to happen is right. Something here in the next 3-6 months is going to unfold and cause a huge a surge in the crypto market. Are there any penny cryptos that you think may explode in this time frame? what are your thoughts on this? what do you think will be the next closest thing to the BTC explosion ??

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tt-dogg (52) · 7 years ago

Bitshares

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cchanski (25) · 7 years ago

XVG as per Haejin's analysis

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conradsuperb (67) · 7 years ago

thank you, I will take a further look. I appreciate your feedback

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vaneske (25) · 7 years ago

Any other cheap coins to look at as well besides Bitshares?

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conradsuperb (67) · 7 years ago

@vaneske A good website to check out would be coinmarketgap.com. I was just reading through some posts and one mentioned this site as a good reference for researching ALT coins (apparently there are more than 1,300... wow)

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devrim (39) · 7 years ago

Steem

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adamantine (53) · 7 years ago

You're right, no other technical analyst or voice in the cryptocurrency community is calling this like you are. I think you're going to be proven right with you call.

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noeyedear1966 (25) · 7 years ago

Yowzers!! You are, by far, my favourite crypto-analyst - thank you so much for all you share

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furius (49) · 7 years ago

Hello, Haejin!
I Really love your videos and the way you teach, and your philosophy,
Im also very new to market and the behaviour of it, currencies exchanges and all this ..

But there is a fundamental doubt I have when reading this post:

Does the Crypto market work in the same way as what you experienced in the conventional market previously? This new world may come with its own new patterns of behaviour and don't respect the old ones.

Since some fundamental rules of fiat currencies don't apply to cryptos. Cryptos are something else, something new, can we expect cryptos to follow the patterns of the market that were always reliable in the past?

Do you detect any new modes of behaviour ?

Thank you

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tokyoin (49) · 7 years ago

Can you say New World Order... Watch "Saving Capitalism" on Netflix...something is about to happen...They can't hold us down!

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gtapps (25) · 7 years ago

Think this might explain much of what's happening. I certainly think it makes complete sense

It’s Not Really About Bitcoin Price Surging, It’s Fiat Currencies In Free Fall
https://cointelegraph.com/news/its-not-really-about-bitcoin-price-surging-its-fiat-currencies-in-free-fall

via Blockfolio: http://goo.gl/Lqzhjr

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devrim (39) · 7 years ago

We've been expecting this.

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zooom (31) · 7 years ago

Thank you!!

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pmiskeen (41) · 7 years ago

Wow.. Wow.. Wow...
Think I can start my retirement planning..

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vimukthi (72) · 7 years ago

So what are the chances of Alt-coins sending BTC market share below 35% or even lower?
If that happens we'd be able to consider Alt-coins getting mainstream which could hopefully end the reign of BTC.

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domfromparis (25) · 7 years ago

When would this happen? Next year?

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https://steemit.com/bitcoin/@haejin/essay-why-is-time-projection-so-difficult-for-technical-analysts#comments

haejin (87) · 7 years ago

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5 votes

pandorasbox (59) · 7 years ago

I so hope you're right! My hands have been strong but they grow weary holding these alts. I could use with some gains and diversification into BTC.

Is this all supposed to happen in december or could it still drag on for a while?

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weirdheadaches (59) · 7 years ago

Planet Crypto, full speed ahead :p

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alcester (25) · 7 years ago

It's time for some MASSIVE profits!

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minnowpond (62) · 7 years ago

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hatsekidee (58) · 7 years ago

Always happy to read your posts @haejin.

I can't wait for the alt coins to explode! As long as they go down first so I can stock up some more ;-)

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linniek (44) · 7 years ago

I hope we get the type of event that cause XVG to go up 42X in 3 weeks! It can happen again.

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bobreedo (55) · 7 years ago

Sir...you've been calling this for a while now...the last few weeks and today especially confirms something big is brewing...I bow to your years of study and incredible chart instincts....

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mahyardean (44) · 7 years ago

It bitcoin goes up very fast to the target you predicted altcoins may have a correction and then go up, if bit coin stays in this level altcoins may follow :)

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arif-gazi (7) · 7 years ago

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minnowpond (62) · 7 years ago

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cryptomagic (46) · 7 years ago

Great insights here. Thanks @haejin !

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moonlightsonata (25) · 7 years ago

Wow! This TA Charts are a blast! These are really the chart pattern that I've been following through check on some alt coin's historical charts. Some of the alt coins you may feel that it seems like that they are a shitcoin and declining, but looking at their historical data, you'll see these charts. Let's take THC (Hempcoin) as an example. I bought it around like less than a hundred sats the previous week, and now the price is sky rocketing, and these chart examples shows how it's doing it right now. Great charts and TAs, gotta save them for more future reference!

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taskmaster4450 (78) · 7 years ago

Wall Street is coming....

Over $1T in money entering this sector. We are going to see a huge jumps in the price of many of the prices on many of these coins.

There will be many 100 X coins in 2018.

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albertine (30) · 7 years ago

Hi Professor Haejin, would you say Augur is about to do a cup and handle too?

Got myself the 2 books you recommended for Xmas, can't wait to study them :)

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cryptocrypto18 (39) · 7 years ago

CANT WAIT!!!
BTS TO 300
BTC TO 3M
XVG TO 5
HAHA!!!

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nnajmull (56) · 7 years ago

hey haejin your every content i follow

and i appreciate your bitcoin blog..

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fernowl13 (56) · 7 years ago

You are the first person to explain things in a way that I actually understood, lol. Simply reading about it has never been enough for me. The way you mark it out on the charts and talk about each point, IT JUST MAKES SENSE! Thank you!

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coco357i (42) · 7 years ago

The loss of the dominance of the BTC and explosion of the alts..
Look on coinmarketcap the chart Percentage of Total Market Capitalization (Dominance)
https://coinmarketcap.com/charts/

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webecrypto (25) · 7 years ago

been waiting for somebody to call this...you're the only analyst I follow. Let's get it!

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hassanjony (46) · 7 years ago

From your post, I can see the deep things. thanks for sharing and waiting for next one

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