A lot of alts will never recover. They will be inflated by newer alts, with fresh/new marketing and flashy specs.

Also a lot of people expect BTC to keep dropping because of the MtGox selloffs and all the other bear reasons. If it does the alts won't do well either.

Can you explain to a novice what some of the indicators of a bottom look like Duffman? I assume it's related to volume I'm just not sure how.

What do you compare today's price with to say that it is low, and why do you think it's a good comparison?

What makes you think a Binance pump is likely within six months?

Even Volume is a weak indicator because of wash trading on a ton of exchanges.

Btw Kucoin is updating their own coin program, instead of generating a ****ton of dust it will generate more KCS, they ll buy some kcs with 50% of the trading fees.
That seems pretty similar to Binance turning Dust into BNB and definitely a good move.

Agree.

If you look at the upcoming ICOs on ICODrops in both the standard and sandbox sections the list is crazy long.

And this is a curated list of just the 'best' projects.

Post ico price was around 8 cents end of december, ATH was around 50 cents from the top of my head, current market cap is 50 million which is super low. Current price is a pretty good entry price and historically close to bottom.
Since they have announced a partnership with SingularityNET another of the few AI projects
They have a pretty good use case for a blockchain where decentralisation is actually usefull as it protect models trained and the data used to train the model unlike most ICO where it would be a buzzword.
They started selling some actual miners and are currently deploying their testnet.

Why i think they are likely to get listed on binance: NP5 are listable since a couple of months, they can easily afford it and they bought back a ton of tokens : one 40 million tokens buy back + selling a ton of miners for DBC . At this point either they get on a decent exchange or they start selling directly to companies who want to use their blockchain, 2nd option feel much less optimal.

The biggest problem of the project is PR and marketing which is a pretty big deal obviously.

Now can they deliver cheap AI training relative to big server farms remain to be proven.

Thanks for the in depth answer. Have you made/seen any calculations on what kind of usage would generate what kind of price, in the long term if there was no speculation?

I don't think we currently have the data.
They are starting a testnet so it's too early to be able to compare dbc vs a server farm cost wise.
Even at similar price the sandbox aspect of the blockchain could still give an edge to dbc.
Their pitch is being 70% cheaper but i have no way to estimate the accuracy.

How many individuals are there like you in the community as opposed to buyers lining up like they were last year? The idea alts are "cheap" let alone "super cheap" is so insane I won't even dignify it.

cheap
UK
US

cheap adjective (LOW PRICE)
A1 costing little money or less than is usual or expected:

I got a cheap flight at the last minute.
Food is usually cheaper in supermarkets.
Children and the elderly are entitled to cheap train tickets.

If you're a stereotypical crypto buyer and you're out of money, how much more money is available to flow into crypto?

Bolded your problem.

Eddy is a complete waste of time, he admits he's out of bullets to fire yet is still pumping his positions because he has no choice. Usually a sign it's time to bail and move on with your life.

The alt market is going to implode and the losses people think they have now are going to look like nothing for what's to come. The reason I mocked your cheap comment Eddy is because I don't trust your ability to develop a valuation sorry especially for altcoins that have no real way to value them. If you really believed that then go borrow a bunch of cash and turn it into crypto. Lending is loosening somewhat so gl.

That's important information, but not exactly what I'm wondering about.

Let's make some assumptions. Say that they are competitive, that they capture 50 % of their intended market, and that said market will be $X/year in seven years. What type of equilibrium price would that generate for the coin, given no speculative value?

Understanding that equation doesn't have any bearing on a short term Binance listing play, but essential to understanding the fundamental value of a longer term investment.

To be fair most hodlers never had bullets to begin with.

They bought with credit before and will again if the market gets hot.

Go Fed!

I don't know for sure (no one does).
But things that often signaled at the very least counter-trend rallys are showing up in the screeners I've built.
I use a similar indicator to the TD Sequential (coded my own) and I built screeners that alert me for all stocks, commodities, and crypto (which I'm fully focused on now because prices have fallen so far).
The crypto screeners I built are flashing 9s in patterns that have signaled reversals before and they're showing up on multiple older, more stable alts (DASH, LTC, VTC) at the same time WHILE we're seeing selling volume lessen on each BTC panic dump (simple RSI is useful for this).



My current project is building some screening algorithm for volume and at its most basic level for what I have done now it's showing that you want to be a buyer of the coins you believe in when volume is low and a profit-taker when the volume is high. I've only gone through polo. coins thus far but I'm seeing volume levels at their lowest for a lot of coins for the past 400 days. So this kind of goes against all the plebs on twitter who scream "not enough volume..not a bottom".

So for me there's:

1) TD sequential screeners saying consider buying
2) Volume at levels which historically signaled good buy areas
3) RSI signaling sell exhaustion
4) Bearish Sentiment / Saltyness in Crypto Twitter

LTC interests me most right now as it led us into the peak mania phase and also started to fall first. It's over 80% off its peak ATH already and lines up with all the above. (plus it was one of the most bought coins by all the noobs near or @ the Top).


If you're interested more in the screeners (only useful if you understand TD Sequential) PM me.

Still like ethos Duffman?

On ethos subject: check Abra. You can already buy Bitcoin and litecoin with fiat and via smart contracts they allow some portfolio management (you only hold bitcoin and litecoin for now but they allow some trading for value for a ton of coins)
Little bit like robinhood

Don't know anything about it.

I'm trying to focus on the older, bigger, secure coins with fixed supplys during the bear market (BTC, XMR, LTC, VTC, ETC) in that order. Too many solid coins and ok projects out there selling for 75% + discounts from ATHs for me to go looking at new icos / potential scams.

I was surprised to see VTC in your list, i suppose it s because your stats are only from polo.

Forgetting ZIL?

I screen all the big exchanges (just my volume screener is only built for Polo so far).

VTC is a pure coin and has shown it can come back from bear markets despite being "dead". It'll be a part of Atomic Swaps with BTC & LTC as well....and obviously capped supply.

how about NEO? 80%+ off ATH

I got back into this one a little too early few weeks ago and was happy to sell into the pump on their decentralization release or whatever for small profit.

I refuse to own TRX but it's most interesting to me from a TA standpoint right now.

Daily chart:
broke out of wedge on a Daily 9 of TD Buy Set Up.
https://www.tradingview.com/x/NBB2KyLS/

Weekly Chart:
https://www.tradingview.com/x/6al8eYP0/

You can see my previous wedge back in spring on the daily chart (didn't buy :[). They know how to pump that POS.
Wouldn't surprise me at all to see that Weekly series that completed in the spring perfected (price going past the top wick of candle 7).