Stellar Lumens (XLM)- Worth Buying Into?

As life re-enters the cryptosphere, its time to dust off a few projects and examine whether they provide an investmnet opportunity. If you have been into crypto for any period of time, you are likely aware of Stellar. It has just rebranded, ditching the ‘oh so 2017’ rocket logo for a more abstract, professional design. Given the rebrand, it seemed high-time to delve back into Stellar.

The Charts

Let’s have a look at the Stellar charts.

All-Time Chart

https://coinmarketcap.com/currencies/stellar/

Looking at the complete chart a couple of things leap out. Stellar is about to retest BTC resistance going back to June 2017. Breaking through or

Scott Miracle-Gro IS Supplying The Shovels

The California Gold Rush took place in 1849 when thousands of people went to California hoping to get rich quick after finding out that gold was found at Sutter’s Mill on James Marshalls’ land. James Marshall tried to hush it up but the news, but Sam told as many people as he could so he could sell them shovels and make a fortune in the process.  The shovels were a derivative of the gold. Meaning, instead of looking for the gold, build a business that profit of the people who make the money.

Back in October of 2018, Canada legalized marijuana

Bitcoin Technical Analysis: Still Pounding on Resistance

Bitcoin has been pounding on the $4,000 resistance these past 4 days. Daily volume remains relatively strong at about $9.3 billion.

Zooming in on the 4 hour chart, it appears a bull flag is forming. We’re also seeing hidden bullish divergence on the 4 hour MACD. This suggests a break up to test the upper portion of resistance around $4,120 (on Coinbase).

In todays analysis I discuss, key areas to watch, where price may be heading next, traps to avoid and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or

BITCOIN: the “umpteenth” tentative…

I have the suspicious that after almost 1 month of a very
boring market BITCOIN is very close to what I call “Decision” point.
This is the point on which Bulls and Bears measures their strengths and
define which way to take next.

On the Daily Chart:

BTC is still far from the “Golden Crossing”
on which both Daily Moving Average lines (50 and 200) would meet. The
extrapolated lines project April 28th as a more likely date for that to
happen…

We have seen a series of Higher Highs which is a
good sign of recovery but what we really need

Is the Stock Market About to Confirm a Breakout???

The S&P 500 pushed through a clear resistance level last week and is now looking like a reversal is about to happen.  Will it be the confirmation test?
Breakout and Test
The most orderly type of breakout is when price pushes through a level and then comes back to test it, thus confirm that the prior resistance is now a support level.
Right now the S&P 500 is setting up to possibly do that.  The reason I say it is setting up is because a bearish u-turn pattern has just formed.  Anyone who reads my posts knows that u-turns are my favorite reversal

Pet Lovers, Check Out This ETF, PAWZ

The pet industry, including pet food, generated more than US$221 billion in direct, indirect and induced economic impact in the US in 2015, according to a study conducted by George Mason University.

According to this report, US$77 billion is spent by US consumers on their pets annually. Pet food and veterinary services are the two leading sources of spending within the industry.

Source

In the United States, in terms of quantity, cats and dogs are ranked #2 and #3 among pets.

Source

68% of households in America have a pet.  This is double the percentage of households that have children.  If I wanted to

Is Drug Wars fixable at this point?

First i have to say that i am a fan of Drug Wars. What can i say, i like mafia style games and i like the fact i can steal peoples stuff and get some money doing it. :D.
Would i play Drug Wars if i werent earning a couple Steem a week? Probably not. lol. And i think thats the mindset of many folks here. (Why thats important, i talk about later)

But lets be realistic for a moment. This is a browser game that is basically 15 years old, tech wise. Its outdated in almost every way. Even the game idea itself is dated. The only thing thats not outdated is the fact that STEEM is associated with it and its “kind of” a use case example for cryptocurrencies.
This isnt something that i think will stick around by the time we hit mass adoption if it remains in this form. It just doesnt have mainstream appeal and theres really nothing original about it. It doesnt feel different, its doesnt look different, it doesnt play different then old school Mafia games. The game needs to be unique in some way and i dont think the devs achieved that yet outside associating the game with STEEM. (Not saying that they cant over time)

But lets think short term for a second.

Ever since the launch, the initial hype and the followed disappointment and frustration, Drug Wars has had numerous problems. Loading issues, gameplay problems… etc.
But the biggest problem that i think might lead to the downfall of the game is its Ponzi economics.

Ive been talking about this from day one, tried speaking to folks that are better known then me here. Tried replying to the “hype monsters” explaining the economics, etc. No one listened. Not a single person i ran into could be convinced that the games economy is a basic ponzi scheme and that it shouldnt be regarded as an “investment” but only as a game.
The response i would get was:

But look at my ROI dude!

Slikovni rezultat za hype funny

It took a whole month after the launch until @themarkymark wrote a post about the games economics for people to start using their heads. By that time it was too late and folks started going into tantrums because they overspent.


Although the game devs did say something in line of: “We take 20%, players get 80% back” (not sure the exact numbers).
.…which should make it absolutely clear to anyone with elementary school education that this is a poor investment…..
you could still say that the devs werent honest with their advertising and didnt “really” try to explain the economics of the game to the players.

So whats the solution now?

Well i can think of only a few ways for the devs to fix the game. The issue is that im unsure in the dev capabilities due to them proving themselves inept at anticipating the reactions of the players and “misguided investors”; inept at anticipating the “end game” of a “Ponzi economy” they chose while having no other revenue streams.

Anyways..

Heres what i think they can do.

  1. Somehow (no idea how) introduce ads to the game and use it to fill the reward pool. Always the go to option when things go sour. 🙂 The game has an asset in player attention and it can probably monetize it. Sure, it will make the game look cheaper, but at least it will keep it from dying.
  2. Introduce in-game goods that can be traded on the market. How theyre going to do it, i dont know. Again the problem here is that theyre simply copying an old browser game and adding very little original ideas. They would have to rework a lot of things and im unsure they have the talent for it.
  3. “Haejin” their posts and fill up the reward pool that way. Buy some delegation on @dlease or whatnot. Its crude and probably would piss off a lot of people but it works. lol

Let me know what you think. Can the game be salvaged or are we looking at a forever reducing reward pool and players slowly leaving once they see the money just isnt there yet? I think it has been reducing by around $100 these last few days.

Ill see you around.

$EOS Update: Very Constructive HIGHER LOWS in #crypto land

EOS is holding higher folks. My favorite crypto currency with a very LOFTY price target of $100 on the next mega bull run. You can see here off of the December 2018 lows (ironically a year removed from the top) we are looking very very good. I am expecting an explosion through highs IF we take out $4 on volume!

Here We Go!