BC CRYPTO
Saved by @Jacobtldr

Big #Altcoin thread for $ALTS: Where are we at in the cycle, how long do we have, is this #ALTSEASON, what are the relationships like, all of that. $BTC #Bitcoin $ETH $LINK #Altcoins

 First: What is #Altseason? The true altszn was seen in 2017/2018, where $BTC fell off a cliff and $ALTS were the 'safe haven' from btc dumping. ALTS went literally 1000%+ (many much higher). Since that time we have seen many #Altcoin pumps, starting primarily in late Q4 each year
These Altcoin pumps are usually 20-1000% gains on nearly the ENTIRE #Altcoin market. This is awesome to see and genius season- you can't lose. Dips are bought up quickly and both ALT/USD and ALT/BTC pairs pump HUGE. Are we currently in that environment? I'm not quite sure tbh.
I think that $BTC still has a little more gas in the tank, which would result in ALT/BTC pairs suffering IMO. You can see more of my thoughts on #Bitcoin below, but I think that we could see 1 more shakeout + then we could see a big run starting in December 2020 for $ALTS
As an #Altcoin trader, you need to understand several things for the environment in which to trade $ALTS successfully:
- $BTC PA
- $BTC.D
-Seasonality
- $ETH
- and much more
IMO, the easiest way to figure out what the altcoin environment is like is by looking at $BTC.D, aka #Bitcoin dominance. Many notes on the charts, please read them. In short: BTC.D going up = altcoins down. This is mostly in referral to ALT/BTC pairs for the most part.
As you can see, $BTC.D goes down in Q4s each yr, starting in December. The last 3 Decembers have been quite nice for #Altcoins and I don't expect this to change personally. We see pump in Dec-January, cooling off in February, and then a springtime pump for $ALTS.
Another important thing to note is altszn is also characterized by ALT/BTC pairs doing extremely well (more than ALT/USD pairs). Generally, ALT/USD will go up with BTC/USD.

BTC up= ALTBTC -/ ALTUSD +
BTC down= ALTBTC -/ALTUSD-
BTC range = ALTBTC+/ALTUSD+

Always exceptions ofc
Right now we're seeing ALT/USD go up more than ALTBTC (for the most part) when BTC is going up. If BTC starts to range, I expect ALTBTC pairs to catch up personally. More on $BTC thoughts below:
What are the drivers for #Crypto? $BTC and $ETH are the biggest market caps. Here is #Bitcoin first and the price action and what I expect. Check out this thread that I wrote before:

https://t.co/v9pvOOEWsK
$BTC has had 3 different types of price action in the winter the last 3 years. I think that this one will look mostly like 2018 winter (heading into 2019).
$ETH: #Ethereum has a stronger pump than $BTC in December generally (in terms of %) the last few years. December sparks off a strong $ETHUSD run and I wouldn't be surprised to see this hit $800 in the next few months.
#Ethereum is also a leader in the #Altcoin market generally and $ETHBTC is also an important pair to watch. This one has been consolidating and you can argue it's been in the same range since 2018! This 1 also has strong gains in December (not as much as USD pair).
What does the total #crypto market cap look like? It looks pretty good IMO, higher today than any point since early 2018. I think that means that we should see some good gains in terms of ALT/USD pairs. These are good for macro views of the market IMO.
What are the #Altcoins that I expect to pump? As I've said many times before, I think that you should think about $ALTS in terms of groups or classes. These groups will typically pump together due to FA relationship or similar market cycles.
Some examples are: #IEO coins, #DeFi coins, majors ( $LTC $XRP $BCH), old ERC-20 coins ( $REP $GNT $ICX), new shiny coins ( $INJ $AXS), and many more. For the most part, I expect all of these to pump in both alt/usd and alt/btc pairs.
Which #altcoins should do best? I think that the newest coins will do the best.

-No old bag holders (resistance)
-New technology and new hype
-Price discovery easily attainable and not -90% price history
-Lots of new hype
I think that stuff like $DOT $INJ, many of the #DeFi coins, and new coins will do better than older coins like $ICX or $STRAT personally. $LINK should also do very well.
Ok, so I think that $ALTs are going to pump big in the coming months. What is the timeline on our altcoin pump? I think that we see a strong December/January, price to go down in Feb and then pump again in March/April, followed by Alt destruction after that.
This is a thread that highlights more of that timeline. Summers have been painful for $ALTS in 2018 and 2019 (2020 was an exception due to DeFi IMO).

https://t.co/HY5g8HFrW5
What are some reasons why this all might be wrong? If $BTC keeps going to all time high levels in the coming months I think that this entire thread will be wrong and ALT/BTC pairs will get smashed. This is entirely possible given the market structure IMO.
Furthermore, given the #DeFi summer, alts might need to cool longer and maybe March is when they start the run. Some of these coins might need longer accumulation periods.
Tl;dr: I think that #Altcoins are going to pump solidly in December. I am not sure if we are currently in altszn right now, I am waiting for $BTC to finish its current run. I am scaling into several that I like ( $LINK $YFI $AAVE $ETH $DOT) and I plan on swing trading these ones.
Always remember to: Take profits, keep your stop losses, never FOMO, always DYOR, never go all in. I am expecting a very nice end of 2020 for all of us. Good luck and stay safe!

More from Crypto

Seq
Seq
@CryptoSeq
1/ @MIT discussing the need for blockchain gateways to achieve interoperability across different blockchain networks, and to support the cross-blockchain mobility of virtual assets

https://t.co/PbjQkSlTT3

@quant_network are collaborating with MIT in the creation of ODAP

$QNT

2/ "In order for blockchain-based services to scale globally, blockchain networks must be able to interoperate with one another following a standardized protocol and interfaces (APIs)"

Gilbert founded ISO TC307 which 60 countries are working towards standardizing the interfaces


3/ "We believe that a blockchain gateway is needed for blockchain networks to interoperate in a manner similar
to border gateway routers in IP networks. Just as border gateway routers use the BGPv4 protocol to interact with one another in a peered fashion we believe that a...

4/ blockchain gateway protocol will be needed to permit the movement of virtual assets and related information across blockchain networks in a secure and privacy-preserving manner"

You can read more about the gateway protocol ODAP in this 21 tweet


5/
"We motivate the need for blockchain gateways and blockchain gateway protocols in the following summary:

✅Enables blockchain interoperability:
Blockchain gateways provide an interface for the interoperability between blockchain/DLT systems that operate distinct consensus...
CRYPTO
0xB1AdceddB2941033a090dD166a462fe1c2029484
0xB1AdceddB2941033a090...
@0x_b1
0/ Predictions for 2021:
(This is not investment advice, or any other type of advice. DYOR)

1/ #ETH hits new ATH(s).

2/ #Bitcoin breaks $55K; but BTC YE2021 close is < $30K.
wins!

3/ > 3 billion-dollar crypto IPOs successfully occur (eg CoinBase, BlockFi, et al).

4/ @SBF_Alameda’s ‘off-chain BTC folding’ strategy goes unnoticed; whole crypto ecosystem wins!
CRYPTO , ALL
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Cole Garner
Cole Garner
@ColeGarnerBTC
1/  We've reached a critical inflection point in bitcoin's adoption curve.

A moment wholly unique in the history of markets.

Are you ready for what comes next? 👇

#Bitcoin


2/ A perfect storm of demand dynamics is driving #Bitcoin price.

I think something shifted in the market -- and active investors & traders would do well to adjust their mindset.

3/ After years asleep at the wheel, institutional leaders are now jarred awake, en masse.

If they want this asset: they'll have to hustle, compete with the masses and FOMO in above ATH's.

Against a backdrop of scarcity unlike anything they've ever seen.


4/ They will buy *all* dips.

Their bots will not stop buying.

There isn't enough supply for all of them, and they know it.

5/ And the whales who accumulated much lower?

How much appetite will strong hands have to market sell, just to run stops?

In the opening hours of the greatest bull market of their lives.

In a liquidity crisis.
CRYPTO
Vagobond
Vagobond
@vagobond
This might take a few tweets to get out.
1/ The ICO boom in 2017 and the altszn in early 2018 were unique in that crypto was a largely unregulated space where countless fools were getting lucky on the bad luck of greater fools. This was largely fueled by Ethereum and the ability

2/ to create tokens and contracts from thin air but it got thrust from the post halving BTC bull market and the unique phenomenon of 'crypto kitties' which were both like booster rockets and drew huge media attention to the entire crypto space

3/ Crypto wasn't new in 2017-18 but it was new to most of the people who were seeing it on the evening news, CNBC, etc. Seeing construction workers buying new trucks with crypto riches and idiotic crypto-rich in lambos and moving to Puerto Rico -

4/ - these images captivated lots of people and inspired the idea of 'I missed out before, I don't want to miss out this time' in relation to stocks, internet, tech, real estate, and more. The important ingredient was 'If those people can do it, I can do it'

5/ The inclusion of a character like John McAfee and the entire ICO industry created a greedy free for all where for every good project there were fifty worthless ones - but sometimes, a diamond emerged from the shit
CRYPTO
OtisA502 \u24d2
OtisA502 ⓒ
@otisa502
Where should I start?
1) Is Blockfi profitable?
2) How much money does BlockFi have on its balance sheet?
3) Is the yield that BlockFi pays to its depositors earned or subsidized by billionaire investors?
4) Has BlockFi ever been profitable?
5) Are you planning to go public?
CRYPTO

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The Swastik is a geometrical figure and an ancient religious icon. Swastik has been Sanatan Dharma’s symbol of auspiciousness – mangalya since time immemorial.


The name swastika comes from Sanskrit (Devanagari: स्वस्तिक, pronounced: swastik) &denotes “conducive to wellbeing or auspicious”.
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Swastik is de symbol through which everything auspicios occurs

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"🕉स्वस्ति ना इन्द्रो वृधश्रवाहा
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If you don't even have the skills yet, why not try your chance for @LambdaSchool? No? @freeCodeCamp. Still not? Pick something from here and learn https://t.co/7NPS1zbLTi
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