Always remember to follow the rules Updates & New Links

idcinc (62) in crypto-news • 7 years ago (edited)

Hey Steemians!

As a nOOb trader and analyst, I’m still finding my way around the world of crypto. Regulations are certainly strict and there are A LOT of policies to follow across platforms, especially when it comes to advertising or linking to non-approved sites.

Oops!

As it turns out I hadn’t quite understood Trading Views terms of service and because I shared IDC’s SteemIt links within my descriptions, a number of my posts were “hidden” due to violations. I was certainly surprised (and a little frustrated) BUT I’ll take it as a lesson learned...

On that note, here are some updates with new links to the charts affected so you can follow them should you wish.

Let’s get down to business!

ION
Ionomy studios announced this past Friday that they have partnered with Rekell Games and will be involved in a redesign of the popular game Rumble Arena.

Jumping from coin rank 171 to 156 in the period of a week, USD value has increased more than 40 cents, with a $7,188,296 increase in market cap since my last overview of the coin. Community wise, support for the coin is growing and technical analysis seems to be confirming an uptrend. Following support on the 1-day chart and recently bouncing from the .618, price action has wicked through resistance at the .382 twice in the last few days. Breaking a number of resistance lines on the 4-hour chart, price action has also broken through resistance on the RSI .

Follow this chart here.

MANA
Looking great since the last time I posted about it, Decentraland's Mana coin and associated gaming platform have seen some serious innovation. Opening a new market-place just two days after I posted my last update, Decentraland now allows holders of land to trade, buy and sell their property.

And the next major release in the works?

A partnership with Opskin, a platform for buying, selling and trading in-game items based on a brand new token, WAX. These are major milestones and the community certainly looks to be supportive...

Follow this chart here.

Following a steep correction after reaching an ATH in mid-March, MANA's market cap dropped more than $16 million. Then, recovery began.

After price action bounced from the .382 shooting through 2 horizontal resistance points (black and yellow), it fell again, but not as steeply, from the .236. Since then, Mana has maintained its place above the .382 on my Fib, riding support, which could bring it back to the .236. Volume does seem to have tapered out though and there is always the possibility that price action will fall back through support, hitting the .382 once again.

What are your thoughts on Mana and their unique approach to VR entrepreneurship?

VIBE
This year is slated to be a BIG year for holographic producers VIBE Hub. Moving in last month to their state of the art, holographic recording studio, Vibe claims to have over 100 sessions scheduled with educators and performers.

What does the market say about this move?

With Vibes market cap dropping $11,500,000 since my last post about the coin in mid-March (just before the companies move), and volume decreasing drastically over the same time period, those holding the coin may be getting antsy watching price action fall through support line after support line...

Follow this chart here.

However, over the last few days, volume and price action have begun to pick up.
Perhaps stirred by the announcement that VIBE will be featured on the FOX business channel T.V series Innovations w/Ed Begley Jr?

Looking like its working it's way through significant resistance on the 4-hour RSI, it's entirely possible this could be a turning point for Vibe.

PINK
A much anticipated and welcomed feature was introduced recently by PINK developers... Support for Pink Coin's became available on IOS devices via the Coinomi wallet as of 3 days ago.

Pink Coin is on fire with awesome releases, now accepting most major crypto-currencies including:

PINK, BTC, LTC, MUE 0.16%, DCR, DASH, NEM,, PIVX, XMR, UBIQ, DASH, and DOGE

in their official Pink store. Their Twitter feed looks sharp, full of happy customers sporting their new PINK swag.

Pretty cool and just the beginning.

As far as the charts go, PINK Coin has not seen a significant amount of action since my last post about it...struggling to break horizontal resistance, price action still sits below the .618...but it has seen some a few small spikes, most notably a 4% gain on the 4th on this month.

Currently, price action for Pink Coin sits on above support (purple), with luck it'll break through horizontal resistance (in black) and start to see more steady rises.

BCC
Last month Bit Pay unveiled support for card top-ups using the Bitcoin rival, Bitcoin CASH . At the time, it was my hope that adoption of BCH transactions would boost support for the community....unfortunately when looking over the charts from the last couple of weeks, things do not look as good as I'd hoped.

Since March 3rd price action for BCH vs BTC has dropped more than 15% sitting on a cluster of support once again, at the .786. Holding the #4 rank on CoinMarketCap, BCC has market cap today of $11,155,525,447 USD.

Follow this chart here.

Though BCH is up more than 200% since it began trading on Bittrex, their future looks tumultuous. Is Bitcoin Cash losing the war they've been waging to claim the title of the "official Bitcoin"? This morning the Twitter handle being named responsible for the promotion of the coin was suspended due to a "large number of complaints from Twitter users". Some surmise these complaints were pursued by original Bitcoin enthusiasts, while others suggest the account was a "fake" to begin with and thus suspended for violating terms of use. Are you a supporter of BCH?

Do you think the coin will make a turn around, ultimately managing to claim the champion title of the "Official" Bitcoin? Let us know in the comments!

°Br¡tT^N¥° (@TheJadeCrow on Twitter)

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7 years ago by idcinc (62)

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jahidul74 (47) · 7 years ago

Hello @idcinc.
Thank you very much for such a nice news. Hope you get more such posts from you.

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hafizhafi17 (42) · 7 years ago

Hy @idcinc
I am new to your posts but have a question in my mind.
Do you think these cryptos can rule the world in the next 5 years? Or do you think these currencies can replace the physical ones like dollars and others?
By the way will be following you onwards
Thank you

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myempireofshit (46) · 7 years ago (edited)

Thanks for your follow and your question.

I'm one of the co-founders of @idcinc, passing on what I've learned over the past year to the team... I recently made a facebook post that answers your question pretty well. TLDR: Perhaps not within five years, but definitely in the long run.

Facebook post:
My personal prediction is that before hyperinflation starts to happen here, the government will be forced to either issue their own cryptocurrency or use one of the existing dollar-pegged cryptocurrencies to save themselves and us(or our future generations) from complete turmoil on the way down. Because of the damage they've done, and depending on how much longer they prologue the inevitable, we(or they) will get x amount of USDT(or TrueUSD, NewGovernmentPrivacyInvasionCoin, etc) for a significantly larger y amount of USD. Luckily, no matter what coin it ends up being, bitcoin will still be there, stronger than ever. The quickest, smartest ones(including the ones in crypto before it happens) will be able to make the money they lost during the devaluation of the USD with minimal time/effort by buying into bitcoin and enjoying the crazy exponential rise as the masses feel even more compelled to get into it due to losing a significant percentage of their net worth.

Any money in the banks will likely be automatically credited to the corresponding recipients, and there will be a long process of turning in bills and coins for usable #crypto around the world. Merchants have stopped accepting fiat at this point because all the other countries are discarding their USD, causing everyone with USD to feel like an #altcoin enthusiast(msyelf) during a #bitcoin bear market, feeling the pain possibly even more than bitcoin #HODLers were over the last few months. It may sound as crazy and far-fetched as "9-11 was quite possibly an inside job/false flag" or "Tom was on time today"... but simply put, crazy shit happens every single day. Believe it or not, I've arrived on time for some things here and there. And, at the very least, WTC7 was not hit by a plane, so the only other logical explanation is a controlled demolition. "The engineers find it difficult to believe the government’s claim that scattered fires brought about such an orderly collapse. Failure of heat-weakened steel would show 'large deflection, asymmetric local failure, and slow progress.'" - http://www.911truth.org/explosive-testimony-revelations-twi…

I speculate that electing Ron Paul in 2008 would have been the only hope of maybe avoiding this extreme scenario, but the majority prefer to elect reality TV stars, warmongerers, and sex scandal aficionados to govern us instead... so be it. We might all be dead by the time it happens, especially with the current people in power around the world, but the demise of the USD is a damn near guarantee as far as I'm concerned, provided humanity makes it that far in the future.

Even if Ron Paul was to take over running the country for the rest of his life and live to be 120, the problem very quickly became three times worse after we failed to elect him... Reversing the problem enough from this point to make a difference I suspect would be less likely than Herbalife willingly giving back all the money they are accumulating by bankrupting unsuspecting immigrants looking for opportunity after their stock goes to shit during the impending Wall Street bear market and the SEC finally puts them out of business. (Betting On Zero on Netflix for more on that).