Two Minute Crypto – Altcoiner or Bitcoin Maximalist?

Please click the link below to listen to the 59th episode of my weekly crypto podcast ‘Two Minute Crypto.’ These are intended to be short, single-topic ramblings on some aspect of the cryptosphere. Consider dropping a like and or a review on iTunes or Podbean if you enjoy the podcast. Comments and critiques welcome.



https://podcasts.apple.com/au/podcast/two-minute-crypto-altcoiner-or-bitcoin-maximalist/id1441492450?i=1000454379627

or

https://www.podbean.com/eu/pb-6uw6t-c43372


Transcript

Altcoiner or Bitcoin Maximalist?

Welcome to Two Minute Crypto. This episode is a little more personalized in tone and explores my own particular process of identifying the term which best exemplifies my crypto investment thesis.

If you’ve spent any time at all surveying the crypto landscape you’ve doubtless encountered the Alt Coiner – BTC Maximalist fault line. These two camps rarely have much good to say about each other though Bitcoin does generally seem to have the upper hand in any proof of concept argument. Regular listeners will know that I favour BTC over any other project in crypto. I won’t rehash this oft-stated position. However, I’m certainly not a BTC Maximalist – a crypto worldview I attempted to shed light on in last week’s episode.

As previously discussed, BTC accounts for approximately 70% of my crypto portfolio. It is also the only crypto I dollar-cost average into each and every week. Nonetheless, there are a number of Altcoin projects which I believe have obvious and sustainable potential – Ethereum, EOS and Cardano primary among them. In addition, I have a number of small positions in ‘wildcard’ projects such as Elastos, Nuls, NEO and others. Bitcoin Maximalist, therefore, is definitely not a good fit nor however, is Alt-Coiner. If I had to pick only one – it would be Bitcoin but, of course, I don’t. While I’m fairly confident BTC will remain unchallenged in terms of its claim as a store of value – blockchain offers so much more and there’s absolutely no proof that there, ‘can be only one.’

In pondering this I’ve finally decided on the nomenclature that correctly reflects my crypto investment thesis – I’m a Bitcoin Majoritarian. Yep, I just invented a word but I’m sure you get my meaning. The majority of my holdings are BTC. The majority of my future planned investments remain targeted on BTC. In addition, the majority of my time is spent researching BTC tech, developments, and market conditions – ergo I’m a BTC Majoritarian. Mostly Bitcoin but with a minority interest in other applications and iterations of crypto. So now I can rest easy and spend the next few years spreading BTC Majoritarianism to my heart’s content!

Thanks for listening.

APPC technical analysis

APPC seen from the temporality of 1W we can see how the structure of candles has remained following an excellent curvature, which represents a good sign of a close reversal of trend, the current series of candles has maintained a bullish movement from the double floor formed on 2 September 2019, the movement is being strongly supported by the RSI indicator, which shows bullish divergence, signaled within the indicator by a dark blue diagonal, the price could continue to rise from the current position to reach our first target profit located within the price range of 0 to reach our first target located within the price range of 0.00000758 – 0.00000929, indicated in the graph by the light blue rectangle, however, we could also have a backward movement close to the demand zone located at 0.00000333, indicated in the graph by the lower horizontal dark blue color before continuing towards our profit targets, in the graph I have traced through the drawing tool, the possible trajectory that the price should follow during its movement (the drawing only expresses the movement and not the time period).

APPC seen from the temporality of 1D we can observe more closely the current movement of candles, we see how the price has formed us 2 important HL after the double floor created in the zone of demand, this is a very good bullish signal, it is quite possible that this is the reason why we are currently seeing the formation of a symmetrical triangle that we can see in the chart delimited by the 2 dark blue diagonals, the price should continue to move within this continuation pattern before the bullish break, the black arrow within the chart indicates the target that should reach the next impulse.

In conclusion, APPC has an excellent candlestick structure that should result in a next bullish move towards the price range of 0.00000758 – 0.00000929, currently the formation of the triangle should give rise to an HL close to the support of the figure, before looking for the break, the safest position would be after confirming the break of the pattern, in the 1W chart I have also placed the next gain target located at 0.00002194 and the third profit target located at 0.00003791 which should be long term objectives if the price maintains the trend, for the moment I recommend to be very attentive to the development of the price within the lower figure to look for the best position in the long run, always remember to place stop loss in all your operations to avoid the possible invalidations during the movement.

As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.

You can follow me on Twitter: https://twitter.com/armijogarcia

When reality outdoes fiction

Excellent ink painting of recent creation, recreating a typical scene of the events that happened and still happen in what some call “Civilized Democratic Society” …
The author wanted to reflect a peak moment in which Catalan protesters protect themselves from the rain of rubber balls thrown by the “security” forces of the Spanish state.

  • Creation date: Week from October 14 to 20
  • Place: Barcelona, Catalunya, Western Europe
  • Author: myself after “stealing” the following twitter photo:

Sometimes, the effect caused by a painted image, oil, ink or pencil, is greater … We tend to think that a painting is almost fiction so we tend to contemplate it more closely.

Undoubtedly, the photo is much better than my gross electronic modification using a simple image editor but I’m sure you’ve been attracted to the painting, haven’t you?

Now, I want you to think deeper on the Catalan conflict… What’s your opinion about?

would not we deserve to be listened? Not only by the Spanish Government but also by International Community…

Do you think is fine to maintain this situation getting worst day after day?

@toofasteddie

Prediction…Beyond Meat Goes Down To $100 First Before Up To $200 – Part 3

Beyond Meat priced its initial public offering at $25 and skyrocket 800% in less than four months. Beyond Meat, a maker of plant-based meat controls about 10% of the plant based meat market.  And because they have achieved “first to market” they are the new IT THING on Wall Street.  But there valuation is beyond ridiculous.   Their valuation is higher than roughly 25% of the companies in the S&P 500 index and their “first to market” competitive advantage expired.

Kellogg (K) introduced “Incogmeato” and their plant-based burger patties, Chik’n tenders, and Chik’n nuggets which go on sale in early 2020.  Hormel Foods announced its plant-based meat substitute called “Happy Little Plants” is available at select retailers.  The Impossible Foods launched the Impossible Burger through Burger King in August.  Kroger said they will sell a new line of branded plant-based burgers, other meatless products like dips, pasta sauces and cookie dough in the coming months under their Simple Truth Plant Based label.

Beyond Meat Inc. was initiated at sell with a $120 price target at CFRA, with analyst Arun Sundaram saying the plant-based meat company will be overtaken by bigger players entering the space.

“We think larger packaged food companies will end up as the category leaders in the space given their vast global footprint and embedded relationships throughout the supply chain,” Sundaram wrote in a note. “Yet we expect Beyond Meat to be the greatest disrupter in this space since no public packaged food peer comes close to Beyond Meat in terms of research and development spend as a percentage of sales.”

Sundaram notes that “many think Impossible Foods’ Impossible Burger tastes better than the Beyond Burger.”

Source

The call is a bit late and should have been made when the chart was suggesting that price was going lower.

But now we are just $10 from that $100 level I talked about one month ago.

The $100 level represents price at a discount.  But, don’t listen to me, just pay attention to what the Smart Money is doing.

Heading into the third quarter of 2019, a total of 16 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 16 from one quarter earlier.

With a general bullishness amongst the heavyweights, some big names have jumped into Beyond Meat, Inc. (NASDAQ:BYND) headfirst. Citadel Investment Group, managed by Ken Griffin, created the most valuable call position in Beyond Meat, Inc. (NASDAQ:BYND). Citadel Investment Group had $117.8 million invested in the company at the end of the quarter. OZ Management also initiated a $11.9 million position during the quarter. The other funds with brand new BYND positions are Brad Farber’s Atika Capital, Robert Henry Lynch’s Aristeia Capital, and Anthony Bozza’s Lakewood Capital Management.

Source

I personally envision the $100 level will be an accumulation level for the Smart Money.  I think price will hang out near the $100 level for a bit, until the Smart Money is able to fill all their buy orders and then I think price will move higher.

Prediction…Beyond Meat Goes Down To $100 First Before Up To $200

Prediction…Beyond Meat Goes Down To $100 First Before Up To $200 – Part 2

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

Blue Wren

Doing bird things..




Categoryanimalphotography
Camera ~ LensNikon D3400 DSLR ~ 55-200 mm
LocationAustralia

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