Dear @blockchainfo
Thank you guys for sharink link to this publication with me.
I'm not much into trading and my experience is very limited. So I would gladly agree with Jan Magrot and his predictions, however it seem that he is making assumption that this industry is fully matured already (and regulated).
Right now crypto space is still a mess. Trust hardly do exist at the moment, regulators do not know how to approach projects build on blockchain, hardly anyone knows how to pay taxes etc.
Basically it's hard to make a reliable prediction when entire martket is still "under construction". At the same time I found your post very valuable (upvote on the way) and perhaps Control Alt Shifts could be efficiently use in the future. Just I'm not sure if relying on it right now would be wise.
But I didn't want to be another of dozens of cryptoboom, cryptomoon, mycrypto, cryptooo
I'm clearly one of cryptobooms :) hahaha My username clearly fits in into your description :)
Again, great read. Upvote on the way.
Yours
Piotr
Interesting topic ... only i have one problem with these kind of apps and programs. (The same i have with blind followers of crypto predictors) And that is the following, when a lot of people are following the advise of these predictions, it certainly will become a self fulfilling prophecy. And i always think, be different, choose for whatever reason a project you like and try to go against the consensus. But who knows, maybe i should try this for a change, where can i get the beta?
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Going against the consensus sometimes is profitable. For example, Hillary Clinton had the most chance to win elections, but Trump was elected at the end. This caused some big movements in the FX market. I'm not sure if this kind of sudden moves can be forecasted.
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Well not only in the FX, the Stocks, etc.
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You are right, but on the opposit way of saying, trading "against the trend" might be harmful. But as you said..its not a rule.
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Registration is for free and you will see 1 week delayed data - so you can do the backtest for yourself if it is a good tool for you or not. Check it out here https://controlaltshifts.com
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Thanks, i will have a look asap
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Greetings,
Thank you again for sharing a good link,
Happy to see this type of data being gathered in order to make future decisions especially as an investor.
I believe that AI is really capable of gathering such advance data, but "Prediction" is what we humans usually do. (In my opinion).
Using the information as a group and taking on one course of action will make a difference in the market.
But again, I agree with @crypto.piotr where the industry is yet to mature especially reaching the point of regulation or decentralization.
The problem may be the whales who transfer or withdraw their assets at their own whim.
These affects almost 10-20% of the price almost immediately.
Regards
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Hi @jackramsey, thank you for your reaction.
Those indexes calculate the whales transfers - both deposits and withdrawals to the specific crypto exchanges. And also it counts with the order books and the executed orders.
Its simply as that and its crazy how its precise. You can give it a try with a free registration where you will see 1 week delayed data - so you can do the backtest for yourself if it is a good tool for you or not. Check it out here https://controlaltshifts.com
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Greetings,
Actually I am already trying it.
Thanks
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Hi @crypto.piotr,
thanx for stopping by.
The tool - both altcoin market index and fiat market index, are simply connected to the data extracted from most major crypto exchanges. Those events like deposits and withdrawals of specific cryptocurrencies and also movements in order books and executed orders play very big role in there. Simply as that and it´s crazy how precise it is. You can give it a try for free, where you will see 1 week delayed data - so you can do the backtest for yourself if it is a good tool for you or not.
I totally agree that its not easy to be well oriented in this evolving market, but on the opposit side, these tools, which can help you time the moment of entering or exiting the market might be very helpful. With those tools you can do just a few trades in a year and it might find you the peaks and the bottoms.
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