A new day a new dollar..
Alt's are getting some love while Bitcoin is hovering around that 18K mark. I was talking about XRP (Ripple) on my last post. Again it's not very hard to predict which alts will pump! Litecoin is doing as expected as well. Monero I have never owned but I do understand it's harder to trace! Out of all the crypto's I'm actually surprised by it's silence.
Since I have never really charted it, I'll do a little crayon drawing for me and you all.
I know it's a big fat ugly crayon and I'm doing it YTD. I'm also creating a channel in SATS rather than USD because I find it to have an interesting divergence. As you can see from the small channel I created it's dipped way below in Satoshi!
It's got an incredible ROI, 17 million circulating, and it's pretty private! I'm actually scratching my head at this one as it's price in USD and in SATS are totally divergent. Is this a slumbering giant? Are institutional buyers ignoring, and crypto enthusiast hoarding? I might pick one or two up if it remains cheap in SATS. I know something else in SATS that's still cheap!
Ohwell my previous post of hoping for a pump.. was just hope nothing else. It's all good. I have to give love to HIVE as it's been my inroad to crypto for a long time. Sometimes I just let my mind wonder and focus on some top coins that are there; but haven't moved much. Monero isn't something I know that much about, but it's cheap in SATS for the time being. Litecoin was an easy call, and ETH was expected to run-up as well. This week should be plenty interesting; especially with BTC move action. I get that odd feeling of 18K. Let's see where the pendulum swings!
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Ethereum certainly took off. It is amazing the run it went on...even more impressive than Bitcoin. It is still a long way from the ATH.
Hive will take a little longer but it will have its day. A lot of good stuff coming next year. We will see how long it takes for it all to unfold.
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Your patience is like a Jedi Master. I have tried twice to buy crypto's last week and my CC was rejected from my region. So in my frustration I have to move with what I have liquid and some of it is / was Hive.
Monero is a weird one.
You have two really competing forces.
Its strength is its greatest weakness.
So, we have a coin that is perfect for avoiding the govern-cement watchers.
But this also means that it isn't getting a boost from the elite.
Bitcoin is both a hindrance and a blessing to the elite, so it will get protection as it goes higher and higher, as those same elite will want to protect their money.
But bitcoin is also very transparent, so it goes with the elite wanting to watch and control everything.
But, but bitcoin is not really in their control, however that seems manageable to them.
Monero doesn't have this balance, and so it is just shunned and shunned.
However, it is really going to be important for real, non-white-market purchases in the future.
And so will be a HUGE player in that future.
i just don't know.
I'd say you know exactly and you just said it perfectly!