So, what is a blockchain? Not sure? You’ve come to the right place.
Listen to the weekly altcoinsidekick.com podcast, and you’ll understand the game and what the cryptocurrency business is really all about. We discuss cryptocurrency and blockchains— what they are, how they work and the players behind the technology.
This alt-coin is attempting to disrupt the world’s most valuable business.
A cryptocurrency wants to muscle in on the most valuable business model in history. How big is the potential, and what problem is this upstart cryptocurrency attempting to solve?
Losing cryptocurrency traders do the same things in all conditions. Winning traders don’t.
Consistent speculators approach the business of market speculation, just like a building company, who price bids according to their expectation of success, factoring in lost bids because they don’t expect to be awarded every bid they make. Before the 5% engage with the enemy, they have studied the lay of the land, and know the expected cost. Like the building company, the 5% know without reasonably accurate expectations, they have little chance of remaining in business.
Trading cryptocurrencies can look easy, but tripwires are hidden in plain site.
The biggest problem with technical indicators is not the indicator itself, but you. Human beings are pattern recognition machines. Subtle shifts, changes in light or sound, and our fight and flight mechanisms kick in. This kept you alive in our hunter-gatherer prehistory, but it does not serve you so well when looking at patterns or shapes on a chart.
Just like cryptocurrencies, personal computers went through a boom. If you could travel back in time, imagine taking a seat at the inaugural meeting of the Menlo Park Home Brew Computer Club, where enthusiasts were busy programming, designing, and dreaming.
Sitting there, in Menlo Park in 1975, would you recognise the man who would be king?
Poker has a lot in common with financial speculation, and as the great Amarillo Slim said, “If you can’t spot the sucker in your first twenty minutes at the table, you are the sucker.” Anytime this is pointed out to someone, they’ll tell you it doesn’t apply to them, unaware that the subconscious patterns that manipulated them in the first place are hard at work behind the scenes protecting them from themselves.
Out of distrust in centralised financial systems, came Bitcoin. And from Bitcoin, blockchains. In the future, what if blockchains are used for something other than their original intent?
Could a solution to a debt crisis, an idea born to democratise citizens control of their assets, be used as a system of control? With the public long gone, is this why the big players are interested in cryptocurrencies?
Is picking tomorrow’s cryptocurrency winners luck or are there tools that can help?
A casino floor covered in slot machines is not a bad metaphor to use if you had to guess which, out of thousands of coins and tokens competing for the big time, will be the household names of tomorrow. One pragmatic approach is to follow the money. Out of the thousands of potential choices, around 95% of the total volume in the cryptocurrency markets flows into the top 20 coins by market capitalisation.
As cryptocurrencies move up, is a long term catalyst needed to drive prices higher?
As the usage of cryptocurrencies increases, especially cryptocurrencies designed to be used as digital cash and payment systems, have governments been given a free case study on the power of data profiling?
And, if governments use blockchains as the technology for cashless societies, because of the ability to track and trace every single transaction, will the profiling of social media accounts by Cambridge Analytica look like child’s play compared to the picture the government will have of not just you but of every citizen in your country?
Could the next driver of blockchain adoption be central bank backed digital cash?
If the cryptocurrency market has bottomed, hitting the trough of disillusionment in December 2018, then, what is more likely to drive cryptocurrencies forward in the future? Complex bolt-on bionic parts to boost existing blockchain limitations, or could it be something you’re already familiar with?
Can cryptocurrencies be used as proxies for the strength of the underlying trend?
Speculators have, over the years, tried many approaches to being on the right side of trends, using ideas and techniques ranging from technical analysis to esoterica. They’re all opaque. Traditional financial markets are a discounting mechanism operating in a window between six and eighteen months into the future. So, if TA has limited forward vision, are there other methods you could use?
Can you dramatically reduce overwhelm in the cryptocurrency markets?
Maybe, you just intuitively understand the role cryptocurrencies and blockchains will play in the future, but in the absence of engineering or tech skills, and, if you're not a futurist savant, where do you start?
With Bitcoin 33% higher, did technical analysis cause the move or are background forces at work?
The tendency for the worst news to coincide with the end of a down move and the best news to coincide with the end of an up move has, like the slope of hope and the wall of worry, been turned into a handy aphorism.
It shows up in the stock market, the forex market, the bond market, in fact, all liquid financial markets, including cryptocurrencies, exhibit this behaviour - even real estate.
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