Cryptocurrency News & Discussion

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Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

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What crypto analysts who have an online following that such as YouTubers or bloggers have you personally found to have been the most accurate in predicting market trends, moonshots, crashes, etc.? Who is like, your ultimate, number one go-to person you like to watch when exploring the market for new coins to invest in? Why do you like and trust them? In the past, I have found that most of them are full of sh*t so I typically don’t follow anyone out there at all. I mostly always just look at all the data myself and spend hours scanning each coins daily, weekly, monthly, and all time progress and reading articles and such until I narrow my choices down, which is a solid and responsible way to choose where to put your money, obviously, but I want to find a blogger or dare I say, a Youtuber out there to watch to gain new perspectives, learn more, and gain insight on what moves to make in the future.

To be crystal clear on what recommendations I’d like:

Someone that isn’t necessarily an “influencer” per se, but just makes videos or writes articles and operates from a place of honest, factual evidence and just likes guiding people through the market and someone with a good track record on accurately predicting trends, upswings, crashes, stuff like that.

What I do NOT want: “WATCH THIS VIDEO IF YOU WANT TO BECOME A MILLIONARE OVER NIGHT! 🚀” kinds of people.

Thank you. Be kind.

I simulated buying 1 BTC whenever Ivan on Tech had "BUY" in his livestream thumbnail for the last 3 months. Here are the results.

Link to livestreams: https://www.youtube.com/@IvanOnTech/streams

For the sake of simplicity, I just used the closing price for the day of his thumbnail.

So if you had bought 1 BTC whenever Ivan on Tech had "BUY" in his livestream thumbnail for the last 3 months, you would have 7 BTC at an average cost of $67,682 and currently underwater by almost 20%, or a loss of over $90,000.

It's no secret that holding any top ALT from 2021 has been nothing but pain. Still savvy investors say not to sell and wait for a magical ALT season to recoup their losses and hopefully make a profit on years of bag holding.

Yet here we are with yet another BTC retrace this time dropping just below 54k, and alts once again shat the bed with many reaching brand new lows against their BTC pair.

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For anyone that doesn't know an ALT/BTC pair will show you how the value of your investment compares to owning BTC. The worse your ALT performs against BTC the worse your alt play is performing.

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First up is ATOM: Currently sitting at $5.60 it peaked around $45 in 2021. Looking at the ATOM/BTC Chart has some ups and downs since then but yesterday it hit a brand new low against BTC.

[Image]

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Arbitrum a newer token launched in 2023 Arbitrum hit it's ATH of $2.40 in January 2024. It currently sits at $.62 and has a very visible slide against BTC since its launch.

[Image]

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Litecoin one of the oldest alts it reached an ATH of $413 in 2021 and currently sits at $61.

[Image]

Litecoin has just touched a brand new low against BTC with the July 4th market dump. (chart above is a one year chart and shows the new low more clearly.

The all time Litecoin Chart below looks a bit like a slow bleed and is harder to see the new ATL against BTC.

[Image]

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Aptos is another newer crypto launching in late 2022. Aptos hit an ATH of ~$20 in Jan 2023. It currently sits at $5.60 and just hit a brand new low against BTC.

[Image]

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Perhaps surprisingly although most alts have retraced significantly they're still slightly above their ATL against BTC from *checks notes* two weeks ago. This includes alts like

Cardano

Cardano

Algorand

Algorand

Stellar

Stellar

Tezos

Tezos

Polkadot

Polkadot

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So there we have it the majority of established Alts continue to bleed against BTC with many reaching new ATL against their BTC pair and the handful of holdouts are only slightly outperforming BTC over the last two weeks.