Tag Archives: coin of month

Coin Of The Month – EthereumClassic ETC

I just realized I haven’t posted a coin of the month this month… Soooooo here goes. I’m going to go out on a limb, and this month we’re going to live dangerously. My coin pick for the month of August is EthereumClassic.

My reasoning for picking this coin this month is simple! This is currently a fun, volatile market to trade. I don’t know if I’d hold long term, I have no clue what the future holds for either ETH or ETC, but the current market volatility for ETC is sure to thrill. Frankly, I don’t see this ending well for either coin. That’s just like The Dood’s opinion though man! Not to mention I think some scores are being settled in the crypto community right now. All this though, makes for some really interesting trading.

Now on August 10th / 11th I think we may have hit a bottom in the early morning hours and that’s when I decided to buy in. The market began to rise shortly after touching this bottom.The below chart shows the bottom, the chart after this will show the rise.

EthereumClassic chart showing possible bottom.

ETC chart early morning Aug 10

Now there are a lot of factors to consider with this coin besides technical analysis. There is a lot of coin out there. There’s a lot of grumpy ETH and ETC holders depending on their side of the hard fork debate. Then there’s what happened with The DAO. So there’s a lot of factors that could drive this price either way.

Rumor is the price crash was caused by White Hat DAO hackers who were trying to crash the EthereumClassic market. I’m not super sure about all that, but something happened. So again, I’m going out on a limb and guessing that the bottom was around .00268400 Could it go lower? It’s crypto bro, ANYTHING IS POSSIBLE! This could be worthless tomorrow, or we could all wake up rich if the right players got involved and drove up the price. Nobody can honestly say which way a market will move.

Now lets look at Aug 12th.

A nice rise, then back down.

The rise and fall of ETC

So you can see the rise from early morning Aug 11th. We hit a high on Aug 12th again in the early morning right around midnight EST and then we start coming down again.

From here on out  you’re on your own. Anyone that follows this blog knows The Dood’s not in the habit of giving financial advice. What I will say is this; if you don’t understand what’s happening in the ETC and ETH communities, you should probably stay away from this one. If you don’t understand basic chart structure and market patterns, stay away from this one. If you’re afraid to lose a little satoshi, stay away from this one. If however, you’re looking for a fun volatile market to trade with lots of highs and lows, this is the one for you. Currently, it’s never a dull moment. The one piece of financial advice I will give is “Never invest more than you can afford to lose, and win, lose or draw you will always have fun.”

With that said, I’ve drawn my line in the sand. I already know where I’m buying, and still contemplating my sell points. I’ve already made a little free coin from selling on the high, and still waiting for my reload point. With the market volatility of this coin, and all the excitement happening in both communities since the DAO hack this environment makes for volatility and fun trading. Be careful, have fun, and remember anything is possible in the crypto space!

Do your own due diligence:

https://ethereumclassic.github.io/
http://coinmarketcap.com/currencies/ethereum-classic/
https://twitter.com/ethereumclassic

Disclaimer: Nothing here is meant as financial advice. Seek a duly licensed financial professional for investment advice, not some jackass on the internet who calls himself The Dood. Thanks for reading, and happy trading!

 

Dood’s Pick For The Month of July Peercoin

Peercoin logoThe Dood’s been switching up his crypto portfolio a bit and the other day I took a peek at the charts for Peercoin and really liked what I saw. The Dood loves the classics, and Peercoin has been around for a few years. One of the first POS coins. The coin has a solid dev team, great community, and at the time of this writing a 24 hour volume of about $15,624 USD. Not to shabby for an altcoin.

Although nobody can really tell which direction a market will move, the coin does seem to be sitting at a nice bottom, with some consolidation and looks like it may soon be ready to take off. At it’s current price I think it shows some potential as a long term hold.

History of market cap

Looks like a nice bottom, with some consolidation, and plenty of room to rise.

1 day peercoin chart

Nobody has a crystal ball or can tell for sure which way a market will move, but this looks nice long term. Current price looks like there’s plenty of room to rise. The 1 week and 1 month charts also look nice to me. Check em out for yourself at coinmarketcap.com

You can see the 1 week and 1 month charts at coinmarketcap.com. A slow steady rise with a couple small dips on this would be nice. I think this thing is ready to take off again. Regardless, it’s a good strong project, great tech, well established community, and has a  strong daily volume and market cap.

You can check out the Peercoin website here and get all the latest announcements here.

Remember nothing here is meant to be taken as financial advice. Seek a duly licensed financial advisor for such matters, not some jackass on the internet that calls himself The Dood. All information here is strictly for conversational purposes, and a continued dialog on what’s happening in the realm of cryptocurrency. The Dood likes this project, and wanted to share his thoughts with you, the reader. Take it for what it’s worth and happy trading people.

BATA – BTA Pick Of The Month

BATA

BATA interesting coin of the month.

I’m going to start picking a couple coins a month to write about. These are just coins that I’m interested in and not meant as investment advice. In the spirit of full disclosure I will always mention if I’m invested in a coin, and I am currently invested in this one.

In celebration of another halving, I decided to write a quick review on BATA BTA. The coin had no premine, no ico, and no crowdfund. This is always a good sign it’s not a quick pump and dump scam. I’ve been invested in this coin since December when I first discovered it and watched it continuously rise since.

It has all the security features, and privacy features many people come to expect from a cryptocurrency. BTA Wallet has integration with i2P and TOR – a hidden wallet address provides privacy and extra security including TOR & i2P integration.

There will only be 5,000,000 BATA created. On top of that you have a dedicated and productive dev team, and a small committed community.  To me this looks like the perfect recipe for success.

Looking at the coins marketcap, I really don’t understand why there isn’t more interest in this coin. http://coinmarketcap.com/currencies/bata/ With the available supply, it also seems undervalued.

The coin is available on several exchanges including Bittrex, Bleutrade, and Cryptopia.

You can follow the dev teams progress on their bitcointalk Ann page. https://bitcointalk.org/index.php?topic=1040956.0

Website: http://www.bata.io/

Twitter: https://twitter.com/Bata_Money

If you have some extra time, this coin really seems worthy of looking into further.