Today is the 1st of FEB. This is my opinion so take it with a grain of salt.
IM VERY BULLISH.
The market looks dead in dollars but Satoshis we are doing really well.
I will be moving 70% of my ALTS to BTC within the next 2 weeks. I think that after Mid FEB Bitcoin will start moving in a up direction all the way till March probably hitting ATH in APRIL with some little 30% pull backs as normal.
Clif also mentions BTC being around 13k USD by mid FEB.
As Jan and Feb is still holiday time for the world i think that they will come back from their holidays and want to make money again. During Feb we have Chinese new year which means a lot of money will be given out via red pockets. Wall Street contracts will end later this month and i think they have done a great job washing out all the weak hands to get their positions set for a major bull run. Bitcoins dominance is very low with ETH being more of BTCs market cap.
Sorry to the poor souls who bought during the Wall Street Manipulation in December.
Dont worry not long to go before the rest of the world decides to play. If theres a whale there will be a bigger whale. WHALE WARS! Dragon eats Whales? Fire beats water ? But dragons can fly and whales cant? They are on different levels.
Bitcoin is king and when it runs it will make the alts bleed. Coins that are used for flipping and day trading will most likely be slaughtered if they cant meet demand of announcements and big partnerships.
Blockchain alts like ETH, NEO, ICX, QTUM, EOS, ADA will probably hold some ground due to their big communities supporting their growth to become leaders in the smart contract space. These guys will prob get a x2-5 in marketcap but will lose SAT value as a trade off.
Its going to be a big year for blockchain ICOs last year releasing their working products which will then give the space a much more positive and less volatile feeling of hope. We wont be able to avoid manipulation but it dosnt mean we cant make more money from the whales.
The ICO game has changed. Its now all about whitelisting to their projects before they even start marketing. This means you have to be on the scout for very fresh ones if you want decent contribution amounts. There are more players in the space so whitelists could grow to the thousands meaning everyone will get small allocations. This means it could also become a GAS war.
I would suggest using sites like ICO bench for new listings.
https://icobench.com/
You can learn about GWEI and GAS on youtube.
You can also check the congestion of the ETH network at
https://ethstats.net/
No one really cared about Bitconnect falling 90% after a few days.
I wish tether falls within the next 2 weeks because no one cares about the bad news in a bear market.
If the Tether situation crashes in a bull market it could probably be a correction marker that we get every few months.
Understand that Tether is not even 1% of the market cap so i dont know why people are stressing like crazy after it. Only thing i see would be regulation and crackdown on "printing money" tokens.
Anyways if you have any thoughts feel free to share. :)
I got all the images from google and i dont own any.
Thank you for your time. If you have any questions or feedback please let me know. :)
Follow me for updates on crypto / new ICOS i think that are going to secure us great wealth.
Disclaimer:
Invest at your own risk. This is my opinion and is not financial advice. Always make sure you do your own research and invest what you can afford to lose.
Donation Address
Bitcoin: BTC ONLY
1HGU87U6io2ca76dsxqHT6TnaSaWCnK57m
Ethereum: ETH / ERC20 tokens
0x17875fF1A64A0D53F42044FE5408BAb558e885bF
Litecoin: LTC ONLY
MGj3nJE8ASkztQu6qDuH2Z1eUZ6X3uM2Tf![]