The CryptoKick Observations August 23

Hello Cryptoverse!

Disclaimer: I am not your financial advisor and this is not financial advice. This is just my personal view on the crypto currency market. Please, do yourself a favor, only invest what you can afford to lose.

Welcome to CryptoKick! Your one stop shop for CryptoCurrency news, ICO Reviews, and Portfolio tips. Today's observation is authored by D.Williams.

News: Mandatory SegWit Celebration

I would rather not bore you with the details, here is why you like SegWit:

It rearranges how the data is stored in the bitcoin block. It's like when you realize after 8 years you could stack your shoes a different way to save space.
It boosts transaction capacity. That 1 BTC you sent this morning has arrived!
It fixes bugs that will allow developers to build on the BitCoin platform!

If you want to nerd out check out the following links for more info:
History of SegWit and Scaling Issues in Bitcoin
A Little More About SegWit
ELI5 SegWit Video

In other news:
The IRS has been tracking my what?!
Estonia Coin
The US Government is trying to....protect digital currency?

A note on the last link. If cryptocurrency is a threat the the fabric of fiat, why is the US government trying to protect it? It feels similar to when your mortal enemy, like Toby from HR, all of a sudden becomes friendly with you. What are they up to? Maybe they have a stash of Dogecoin? I am interested in how this will shake out and I frankly feel more comfortable when the man is trying to be all "the man-ish." I mean- who are we going to try to stick it to now?

Portfolio Talk

If you missed my weekly picks you can read here. This market moves so fast that picks may be outdated before you even get to the article. I am working on a way to get you guys accurate, quick picks. Stay tuned!

I would like to further dive into how the CryptoKick team approaches our research. Then, of course, I will give a pick. Hopefully you get it in time.

We last spoke about how fundamentals, people, and network effects form the basis for smart investments. Consider those your boat. The three of those boaty parts form your Iron Island bro filled viking warship. But what about everything else that applies an effect to your boat? You aren't sailing in a space vacuum. There is wind, waves, pirates, and giant octopi out there. You need to consider how those things will impact the ship during the journey. The better you prepare, the better you fair.

CryptoKick applies a mistake based, macro model to investing. We constantly ask fundamental questions, get data that answers the questions, and back test that answer across periods of time and coins. Once we have, what we believe to be, the answer we place it into action with a reasonable set of expectations. If it fails at any point, it becomes our job to find out what we missed. You'd be surprised how many things you miss even when you are successfully trading [hint:a lot].

The key is asking fundamental questions. The ideas we work on need to be applicable to any coin during any period of crypto.

These questions and answers branch continuously. This creates an ever growing, complex understanding on how the macro crypto economy works. Once you have a fundamental understanding of how sets of pressures impact the market, you can start to trust your decisions with a level of confidence. While this way of thinking may seem super broad or ambiguous, it's the most successful way we found to approach investing in this space.

I caution anyone who follows someone in the space claiming to be right all the time. I caution you even more if they are unable to articulate to you how they generate signals. While I would be foolish to give you the secret sauce, I would be even more foolish in refusing to teach. If you want to apply this same type of thinking simply start asking questions. If you need help don't be afraid to reach out to us via Twitter. This Is a movement to usher in a new generation of wealth- everyone should be on board.

Pick Time

NXT// Enter @ .0000271 // Exit with profit end of day Aug 25th or Buy Ignis for long hold on 26th

This is a Peyton Manning line call. NXT pumped a bit but retraced almost all the way. We have two likely scenarios:

NXT pumps again prior to Ignis ICO Round 2
NXT holds value as the market priced in the ICO today

Either way NXT should likely see a drop in value post ICO launch. I would approach by reading the market the day before the ICO and make one of the above calls.

That's all for tonight! I hope you enjoyed- any feedback is appreciated. Look out for the CryptoKick Observation everyday on Steemit and coming soon to YouTube! You can also follow us on Twitter @TheCryptoKick