Where fundamentals outshine TA, XRP and Alibaba
It is still the early days for many coins!
Over time we will see many coins die off as cryptocurrencies with stronger fundamentals and larger market caps live on. Comparable to the dotcom bubble in 2000.
I acknowledge there will be a period of time between this where it will be 'stormy' where the overall cryptocurrency market cap will increase. This is the best time to capitalize on projects that you dont see holding longevity.
I highly doubt this will be a completely alt coin friendly world.
XRP is an example of a coin with strong fundamentals (integration with banks, developed network) yet weak TA (not much to analyze)
Often you will see coins showing TA that promises huge potential (massive bull flags, huge falling wedges), yet will have weak fundamentals. This i see as bait.
Choose your cryptocurrencies wisely.
I am long XRP.
Bix
Over time we will see many coins die off as cryptocurrencies with stronger fundamentals and larger market caps live on. Comparable to the dotcom bubble in 2000.
I acknowledge there will be a period of time between this where it will be 'stormy' where the overall cryptocurrency market cap will increase. This is the best time to capitalize on projects that you dont see holding longevity.
I highly doubt this will be a completely alt coin friendly world.
XRP is an example of a coin with strong fundamentals (integration with banks, developed network) yet weak TA (not much to analyze)
Often you will see coins showing TA that promises huge potential (massive bull flags, huge falling wedges), yet will have weak fundamentals. This i see as bait.
Choose your cryptocurrencies wisely.
I am long XRP.
Bix
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