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Decred / Bitcoin

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DCRBTC trade ideas

DCR long opportunity, another leg up after consolidation?Hey folks, has been a while since I last posted an idea. Really missed the charting and trading, but I had to take a step back and analyse why I made so many mistakes and expensive FOMO trades. So here I am again, this time with DCRBTC . It already had quite a run and has been consolidating for a while, looks like we are ready for another leg up. A big triangle has formed and we have found great support at the 0.618 retracement level. There are two ways to enter the trade: a) play safe and wait for the triangle breakout (buy @ 0.01146) or b) be more aggressive and buy once price bounces of the 0.618 support level or that green trend line (in the area of 0.0086). Possible targets are: 0.02170 and if we make it past that 0.02887. Thus far for the technical viewpoint. With so many useless shitcoins that have hugely inflated market caps out there (yea I'm looking at you, DASH) it makes sense to check out the fundamentals behind a potential trade, especially if you're looking at it from a longterm investment perspective. Decred has a nice and shiny homepage with great visuals, thats quite important imo. It's not enough to only have a great product, you need to know how to sell it and who wants to buy into something that looks like shit. As for the technical details, DCR runs a PoW and PoS hybrid consensus mechanism, which aims to spread the power over the protocol across miners and users. The recent BTC blocksize scaling debate highlights how important it is to have a balanced system of governance over the chain. DCR looks strong and has big potential on that front. Checking out the 2017 roadmap (blog.decred.org), you'll find a few other things that sound great: integration of systems for hard fork voting and a public change proposals lightning network support better cross-platform GUI wallets more public presence at events lightning network support enhanced privacy features implementing payment support by approaching merchants and vendors If you're more like a short attention span type, here's DCR in short presented by a very good looking young lady ;) www.youtube.com
Long
by ntron
9