All Investors Seem To Be Running To THIS Asset Class
On today's episode of The Cryptoverse...
My Awful Thumbnail 1:14
LODE & David Morgan 1:49
BTC 3500 Bottom 2:18
BCH Update 4:20
Benefit of BTC Drop 6:04
Investors Running To... 9:02
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Yes, the thumbnail was icky and infected and therefore was worthy of getting attention. Good job.
Re: coinmarketcap and your point on “the gain following a drop has to be bigger” - I’m glad you pointed it out, and no, I don’t think it’s common sense. It makes sense once you explain it to people but I think most people don’t grasp that at first showing.
It’s like ESPP - not sure how many people are familiar with it but at some companies, there’s a benefit called an Employee Stock Purchase Plan. It allows you pre-allocate funds over time to buy stock at a discount, usually from the lower price between two far apart dates. One common example: 15% off the lower price of the stock on January 2nd or July 2nd.
Many people see that and think - “cool! 15% return on my money!”
No. It’s an 18% return on your money. Buying something at a 15% discount and immediately selling it is an 18% return not 15%.
(And that’s only if the stock went down in the period - if the stock went up then the return is higher since you’d get a discount on the lower price - the starting price - and then have stock that is worth more)
Same principle you’re describing about gain after a loss
i thought the thumb nail yesterday was quite original actually, Chris! The only thing i look at on Coinmarketcap is the 24 hour volume and sometimes the jostling of ranking positions between BCH, EOS and XLM. I am now determined to be in the 21 million club after your analogy. Another great quality content video, top, top man Chris. Thanks very much !!!
Thank you for mentioning The Ledger hardware wallet. It's important that people protect their private keys
Feels like a HUGE bull run in the making!
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Get paid to watch - good catch, but money is not the main incentive. The main incentive is your sane mind and your extraction of market developments as well as insights in trading parameters.
Yep. liquidity + trading volume are most important. They are the basis for market vitality.
Im just about 60% of the way to owning a whole BTC and never thought it would happen, im slowly increasing it so be part of the 21 club its going to be a great day once I do.Id rather be the one that owns BTC and hodl than be out of the market completely lol
I do like seeing increased volume. I'd like to see one more plunge for BTC, still feels like there's too many people thinking it can't go much lower. Until the knife catchers are out, its hard to see where the bottom might be. I don't have a lot of spare cash and I don't mind how low it goes, as I can then buy more. I just hope that the markets do rebound with big volume at some point, to make a nice foundation for the next bull run.
The move towards cash and equivalents is a correlation with the views of derisking and deleveraging in traditional financial markets which will have short term downstream impacts to cryptocurrencies given their pace in the asset class spectrum which still is more speculative. However, as the market stabilizes and improves adoption, I suspects the benefits of having a sovereign asset class will create demand once again and take from those cash/fiat allocations.
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Volume is important, especially in traditional stock analysis. It should be noted that Crypto does not enjoy a "pure" aggregate volume like traditional stocks. Traditional stocks are measured in Number of Shares. Crypto volume is measured in $USD. This means that the $/Volume is skewed by price movement!!! Without access to the raw data of true crypto token volume in aggregate across all exchanges (including OTC), the next best means of clarifying the crypto volume picture would be to calculate the ratio of $/Volume to $/MarketCap. I argue that plotting this ratio would give a clearer picture of market liquidity.
re: coinmarketcap prices and when you sell your bitcoin for $3500, there’s someone else on other end buying it for 3500
One thing that has long puzzled me was the inter-relation of the trading pairs available on the various exchanges and how they would impact the rolled up prices on coinmarketcap.
As a result I learned not to trust or make decisions based on coinmarketcap other than to use the information there to help me predict what OTHERS would do. Since I mostly trade BTC pairs, CMC would give wrong information for that.
My intitial issue and question was this: let’s say I buy 100 BTC worth of LTC at a certain price, when BTC happens to be priced at $10k, with the goal of getting more bitcoin later, when the price of LTC in BTC terms goes up.
So I wait and wait. There’s a crash and cycle this and cycle that, and bitcoin crashes down to $3500 but I see that my LTC bag has gone up in BTC value. Let’s say 5% for this examples so I sell my LTC for 105 BTC
What I’m confused about - does my trade of BTC to LTC, in or out, impact the USD price? I know there’s a separate LTC market but surely the BTC supply and arbitrage angle has some impact. I don’t know how much or if it’s direct or indirect.
If I sell the LTC for 105 BTC for whatever price and BTC happens to be $3500 at the time, does that boost BTC’s USD market at all, specifically and directly?