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Showing 20 of 457 results by Azael
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Topic
Board Speculation (Altcoins)
Re: Ether price?
by
Azael
on 26/11/2016, 13:16:23 UTC
I believe that smart contracts is a strong trend but were accompanied with the misconception that they were unbreakable and once this misconception became undeniable the bubble bust.

Feedback loops work in both directions but downtrends have a tendency towards equilibrium and this means that if developments remain insignificant then no new bubble will begin as smart contracts are still the prevailing crypto trend despite market movements.

However, bearish conceptions and misconceptions about HFs with ETH/C dominates the market participants perceptions which means it will get much worse as it becomes reinforced by new HFs.

The first ETH HF showed how vulnerable investors are to developers of altcoin projects as they are insignificant to the process of HF despite being the owners.

Developers apply their technological perspective to markets and blame speculators for movements, but speculators see a perceived misconception they can profit off in either direction.

The way the ETH/C downtrend ends is by “regulation” of its HFs otherwise the very core propositions of smart contracts and altcoin projects remain susceptible to confidence games thus unstable markets.

And with developers of ETH/C applying their technological perspective that a HF is always for the good of everybody to markets and the market is wrong when they think so, a short position in ETH/C prior to HFs are sound as long as this remains true and the aforementioned conditions remain unchanged.

The ‘prior’-to-HFs makes this trade idiot-proof with the exception if Bitcoin declines during which the short position is taken so when to take the position should relate to risk appetite and understanding of Bitcoin markets.

A “stable" Bitcoin market would reveal if my hypothesis is true or false when applied to ETH/C markets but a surging or declining Bitcoin market would not.

Rumours on a HF because of the Geth consensus flaw caused ETH/C to drop double digits in percentages the same day it occured. False positive? Possible and we'll see when a HF occurs. There will be different paces by planned vs unplanned HFs but under current conditions of HFs both are predicted bad for price by this hypothesis.

Interestingly if ETH were to become the number one cryptocurrency the accepted fundamentals of cryptocurrency would change.  Did you think about that? A lot of investment into ETH would alter the perception of totalitarian HFs into being regarded as 'true'.
Post
Topic
Board Speculation (Altcoins)
Re: Ether price?
by
Azael
on 23/11/2016, 15:44:12 UTC
I believe that smart contracts is a strong trend but were accompanied with the misconception that they were unbreakable and once this misconception became undeniable the bubble bust.

Feedback loops work in both directions but downtrends have a tendency towards equilibrium and this means that if developments remain insignificant then no new bubble will begin as smart contracts are still the prevailing crypto trend despite market movements.

However, bearish conceptions and misconceptions about HFs with ETH/C dominates the market participants perceptions which means it will get much worse as it becomes reinforced by new HFs.

The first ETH HF showed how vulnerable investors are to developers of altcoin projects as they are insignificant to the process of HF despite being the owners.

Developers apply their technological perspective to markets and blame speculators for movements, but speculators see a perceived misconception they can profit off in either direction.

The way the ETH/C downtrend ends is by “regulation” of its HFs otherwise the very core propositions of smart contracts and altcoin projects remain susceptible to confidence games thus unstable markets.

And with developers of ETH/C applying their technological perspective that a HF is always for the good of everybody to markets and the market is wrong when they think so, a short position in ETH/C prior to HFs are sound as long as this remains true and the aforementioned conditions remain unchanged.

The ‘prior’-to-HFs makes this trade idiot-proof with the exception if Bitcoin declines during which the short position is taken so when to take the position should relate to risk appetite and understanding of Bitcoin markets.

A “stable" Bitcoin market would reveal if my hypothesis is true or false when applied to ETH/C markets but a surging or declining Bitcoin market would not.
Post
Topic
Board Altcoin Discussion
Re: Thoughts on Zcash?
by
Azael
on 22/11/2016, 07:58:25 UTC
Seems like people have a genuine interest in it. I am waiting a bit to speculate on it though.
Post
Topic
Board Speculation (Altcoins)
Re: Will ZCash Classic pump?
by
Azael
on 21/11/2016, 16:07:29 UTC
Maybe in a few months when some decent price discovery is possible. Still too early to tell.

I believe that the pump will only come when there is some good usage of the ZCash or you can use the Z address.


Sorry I read the title as Zcash. Didn't realize it said "ZCash Classic". I have no interest in this, only in Zcash.
Post
Topic
Board Speculation (Altcoins)
Re: Will ZCash Classic pump?
by
Azael
on 21/11/2016, 08:05:15 UTC
Maybe in a few months when some decent price discovery is possible. Still too early to tell.
Post
Topic
Board Speculation (Altcoins)
Re: when LBRY becomes to the next VOX
by
Azael
on 21/11/2016, 08:04:42 UTC
Their AMA was a trainwreck https://www.reddit.com/r/IAmA/comments/50tyub/were_the_nerds_behind_lbry_a_decentralized/

The dilution of the coin is just insane... good luck with that.
Post
Topic
Board Speculation (Altcoins)
Re: Short-selling Altcoins?
by
Azael
on 21/11/2016, 08:02:54 UTC
Hey guys,

I want to short-sell some alt coins.
Is there any place to do this?


Thanks!


Poloniex or Kraken.


And IMO it is not worth it 9/10 times. Markets are very young but sometimes an opportunity comes along that is too good to pass up on.
Post
Topic
Board Altcoin Discussion
Re: The developer of DAO are launching new DAO
by
Azael
on 21/11/2016, 07:55:30 UTC
They got a big pair to even consider launching something after the DAO disaster..

I wouldn't touch anything by that team with even a penny.. You are simply going to get rolled over and taken a few times again.

If we all gave up when we failed nothing would ever get built
Post
Topic
Board Altcoin Discussion
Re: Inventing the Altcoin
by
Azael
on 21/11/2016, 07:54:02 UTC
So far I think its only people or organizations that are trying to create a new crypto currency to just be out there and maybe one day compete with bitcoin. But what if a government decides to create a country's own and legit altcoin? How would that affect the whole scenario? Will it be an instant success, especially if the country is big enough in population or has decent enough international trading going on.
just imagine yourself explaining what is cryptocurrency to a 80 years old lady.

It's a currency like the USD.
naah. many people are just sceptic with stuff they dont have physically in their hand

Sure, everyone uses cash for everything.....
Post
Topic
Board Altcoin Discussion
Re: Is Zcash worth to invest in it?
by
Azael
on 21/11/2016, 07:52:59 UTC
Not right now but in the future I believe it might. Price discovery is impossible right now.
Post
Topic
Board Altcoin Discussion
Re: Central Bank Japan Believes Blockchain ethereum Could Create Tax Issues
by
Azael
on 21/11/2016, 07:52:15 UTC
A good way to combat this would be to implement protocol taxes like mining taxes. I believe the case of double taxation might lead to favourable outcomes for cryptocurrency in other ways government lift or ease the taxation of gains derived from crypto to allow innovation.


Right now the tax situation is ridiculous and complex. I don't see how ordinary people will bother with an accountant which is bad since one of Bitcoins goal was micropayments
Post
Topic
Board Altcoin Discussion
Re: DECENTRALIZED crypto currency (including Bitcoin) is a delusion (any solutions?)
by
Azael
on 21/11/2016, 07:48:58 UTC
Central banks will adress the legitimate needs of people using cryptocurrency and leave the coins to fight over breadcrumbs. Which in the grand scheme of things is quite a lot anyway..
Post
Topic
Board Altcoin Discussion
Re: The developer of DAO are launching new DAO
by
Azael
on 21/11/2016, 07:46:50 UTC
I think it's good. I mean we all fail but losers quit winners keep at it until they find something that works.


Now if they would've done the exact same Dao with same code etc that would be something that would raise my eyebrows..
Post
Topic
Board Altcoin Discussion
Re: Inventing the Altcoin
by
Azael
on 21/11/2016, 07:45:27 UTC
So far I think its only people or organizations that are trying to create a new crypto currency to just be out there and maybe one day compete with bitcoin. But what if a government decides to create a country's own and legit altcoin? How would that affect the whole scenario? Will it be an instant success, especially if the country is big enough in population or has decent enough international trading going on.
just imagine yourself explaining what is cryptocurrency to a 80 years old lady.

It's a currency like the USD.
Post
Topic
Board Altcoin Discussion
Re: [NEWS] Sputnik Approves Monero !
by
Azael
on 03/11/2016, 20:49:17 UTC
Haha. Classic.

And no real world bank or biz will even touch XMR or ZCASH.

They accept cash so why not.
Post
Topic
Board Speculation (Altcoins)
Re: [ETC] Ethereum Classic Speculation
by
Azael
on 19/10/2016, 05:11:23 UTC
I bought a few coins randomly before I went to dinner today,
come back and see 17% increase in price.  Tongue

I feel like both ETC/ ETH could go to the moon, or crash and burn over the next few weeks.
Maybe someone more familiar with the changes in the upcoming fork can make a prediction...

Congratulations! I always keep low ball bids out in different markets which has produced surprises like that.

I don't think the HF will be of any significant impact on price either direction.
Post
Topic
Board Speculation (Altcoins)
Re: [ETC] Ethereum Classic Speculation
by
Azael
on 17/10/2016, 20:47:07 UTC

perfect bounce against resistance,

Why is it an indicator to sell when you see one? IMO it's one of many signs of the beginning of a bull market sort of like a tactical door breach where everyone is waiting for it to break to run inside.
Post
Topic
Board Speculation (Altcoins)
Re: [ETC] Ethereum Classic Speculation
by
Azael
on 17/10/2016, 17:54:46 UTC
ETC trading volume continues to climb, outpacing ETH volume on Polo:

https://twitter.com/bit_novosti/status/787840744216076289

It looks like ETC suddenly gaining an upper hand over ETH in terms of volume. It would be interesting to find out if ETH can retain top position after upcoming hard fork.

A sudden increase in volume coupled with a fall in price is a bad sign.  It means that people want to get out and are dumping ETC in the market.  The direct effect of this is on the miners.  It will certainly reduce their earn.

Might as well be that day traders went in and out.. short term fluctuations is the combination of many different interests so it is hard to decipher what they mean IMO. Still up roughly 5% since yesterday though.
Post
Topic
Board Off-topic
Re: Comedy Movies.
by
Azael
on 17/10/2016, 00:31:33 UTC
Mike and Dave Need Wedding Dates http://www.imdb.com/title/tt2823054/

Best one I've seen this year.
Post
Topic
Board Speculation (Altcoins)
Re: [ETC] Ethereum Classic Speculation
by
Azael
on 17/10/2016, 00:15:36 UTC
A long slide from 0.0025 btc looked like a decent accumulation, with sell side finally becoming really exhausted by now. Then, a DDoS/hardfork panic this week dropped the price below one bucks (0.0015 btc) and shook out all the remaining weak hands.

With stronger hands aboard, ETC dev team firmly in control of their code and major projects ready to launch on Classic chain (ETCWin, Fundonomy), we are looking for a restart of a major price uptrend.

I thought the 0.002 levels would hold during and after the WHG release of funds as it looked quite strong but I was proven wrong. The issue ever since around 0.0025 has been demand. The buy side were stronger by magnitudes at least before the 0.0015 levels and looking at market depth were like looking at Himalaya in comparison to Denmark.

This is quite important to your analysis as well https://twitter.com/BankToTheFuture/status/787153696182312961