another thing I wanted to ask you is what you are thinking about the volume situation with the alts at the moment? I remember the days of AUR and CINNI where 2000btc volume in a day was practically the norm. Your methodology is based on cyclical volume so how do you see the current state of the market playing out?
Good question...
Personally, I am not one of those guys who complain about the amount of coins on the market. It's a free market, and I welcome the creativity and innovation shown by all the 'reputable' developers. But simply put, I'm a 'trader' so i would also love to see 2000 BTC pouring into a single coin
which would make it simple for even the most inexperienced trader to profit, but that doesn't mean you can't profit from 20 coins that each attract 100 BTC in volume during their distribution cycles
on the whole though, Volume is beginning to creep back in, slowly but surely. You have to remember, Bitcoin is the hood ornament of the entire digital currency market, so when Bitcoin has it's next major rally - it's a surety that some of that volume will trickle into the alt markets.
Thank you for the response
I think everyone who is here now is going to be in the cream of the crop of traders when the crazy 2000btc volume comes back
there is a lot of things being said openly that just wasn't out there before