Trading is hard, and crypto trading is even harder. There are significant disagreements around the value of all cryptocurrencies, especially altcoins. While maximalists believe that bitcoin BTC is a valid long-term investment in sound money, they also think that all altcoins and tokens are worthless.
Tone Vays does not believe in trading altcoins as he thinks they are not viable long-term, as such you are only trading hype and market cycles. Tone also believes many of these altcoins and tokens are scams, where the creators have printed money.
In this interview, I talk about trading with Tone, why he only trades bitcoin BTC and the skills which new traders need to master. We also discuss his upcoming conference, Unconfiscatable, why he is putting it on and why bitcoin BTC only conferences are essential.
Despite having barely made a name for itself prior to the announcement, DigiByte is currently 63rd in CoinMarketCap’s , its price increasing 15% in the 24 hours to press time Sunday and having more than doubled since the beginning of April.
SegWit Spinning Gold Across The Board
The events continue an increasingly familiar pattern of behavior among altcoins. Both Litecoin and Syscoin have already benefitted from elevated interest, trading and publicity from SegWit activation ‘likelihood,’ with traders after extended periods of flat prices.
Litecoin is currently trading at $10.76 per token, maintaining highs not seen since 2014 and dwarfing the many months it spent dormant at just under $4.
SysCoin’s story is almost identical. Having staged a modest increase in April 2016 following a , prices remained at around $0.01 per token until SegWit activation announcements saw them treble to $0.03.
Reactions to the altcoin phenomenon have been mixed. While SegWit potentially provides a convenient method for get-rich-quick schemes, reflecting on bitcoin’s battle with the technology’s activation, BitFury CEO George Kikvazde was rueful.
“One can only imagine at what price level bitcoin would be now, if a sound, well-tested tech like segwit had been activated,” he last week as Litecoin’s success edged closer.
In further bitcoin news, major Chinese mining pool F2pool said on Friday in accordance with its poll results it would be implementing SegWit on both Litecoin and bitcoin “soon.”
As 56% from the poll in favor of segwit & agreed UASF is bad. We'll respect ur opinion and implement segwit on both BTC & LTC soon. Thanks.
Crypto Coin Updates Fluence and Friend Software partner to bring secure data storage and app development to the blockchain Fluence offers blockchain developers an alternative to traditional cloud service providers, ensuring no sensitive data leaks […]
