m22au's journal

Discussion in 'Journals' started by m22au, Aug 25, 2003.

  1. m22au

    m22au

    #421     Dec 16, 2017
  2. m22au

    m22au

    Updating this list of all-time highs for Bitcoin (price from three big exchanges) and the bigger altcoins (according to Worldcoinindex):

    Bitcoin
    $19,666 on Bitstamp on December 17
    $19,891 on Bitfinex on December 17
    $19,891.99 on GDAX on December 17

    Ethereum
    https://www.worldcoinindex.com/coin/ethereum
    $866.60 on December 19 (was also briefly above $850 on December 21)

    Bitcoincash
    https://www.worldcoinindex.com/coin/bitcoincash
    Above $4,100 on December 20

    Ripple
    https://www.worldcoinindex.com/coin/ripple
    $1.2566 on December 22

    Litecoin
    https://www.worldcoinindex.com/coin/litecoin
    $368 on December 19

    Of the above coins, at the time of writing, Ethereum looks the strongest.

    .
     
    #422     Dec 25, 2017
  3. m22au

    m22au

    Updating this list of all-time highs for Bitcoin (price from three big exchanges) and the bigger altcoins (according to Worldcoinindex):

    Bitcoin
    $19,666 on Bitstamp on December 17
    $19,891 on Bitfinex on December 17
    $19,891.99 on GDAX on December 17

    Ethereum
    https://www.worldcoinindex.com/coin/ethereum
    $866.60 on December 19 (was also briefly above $850 on December 21)

    Bitcoincash
    https://www.worldcoinindex.com/coin/bitcoincash
    Above $4,100 on December 20

    Ripple
    https://www.worldcoinindex.com/coin/ripple
    $2.54 at 1.40am GMT on December 30 (about 8.40pm ET on December 29)

    Litecoin
    https://www.worldcoinindex.com/coin/litecoin
    $368 on December 19

    Of the above coins, at the time of writing, on a multi-week timeframe, Ripple looks the strongest (but also the most volatile).

    Over the past couple of weeks, Ethereum has been outperforming Bitcoin, with BTC/ETH now below 20.
    Bitcoin $12,990 and Ethereum $704. BTC/ETH = 18.45
    https://www.cryptocompare.com/coins/eth/charts/BTC

    .
     
    Last edited: Dec 31, 2017
    #423     Dec 31, 2017
  4. m22au

    m22au

    After reaching the high of $2.54 on December 30 at 1.40am GMT, Ripple then declined to a low of $1.6359 at about 3.50am GMT on December 31. (https://www.worldcoinindex.com/coin/ripple)

    At this time, Bitcoin was at $13,089. (https://www.worldcoinindex.com/coin/bitcoin)

    The ratio at that time was therefore 13,089 / 1.6359 = 8001.10

    At the time of writing, Ripple has rebounded to $1.8738 and Bitcoin is at $12,791, with the ratio now declining to 6826.

    In recent weeks, various larger altcoins (I'm thinking mainly of Litecoin, BitcoinCash, Ethereum) have performed strongly to 'catch up' with Bitcoin. However Ripple's move from $0.2459 on December 11 to $2.54 on December 30 has been the most spectacular.

    Ripple the company has had some good news lately, as discussed in this post:
    https://www.elitetrader.com/et/threads/ripple.315988/page-2#post-4573098

    https://www.cnbc.com/2017/12/27/rip...k-to-some-japanese-credit-card-companies.html

    On December 27, Ripple CEO Brad Garlinghouse appeared on CNBC
    https://www.youtube dot com/watch?v=YmlAwQPwgYQ
    and also later in the day on Bloomberg.

    The long-term "value" lies in Ripple the company, rather than XRP the coin, however, in a market (especially in the short-term) where perception is reality, this "value" accrues to XRP, and market participants have bid up the coin furiously.

    Given the tenfold gain in the 19 days from December 11 to December 30, XRP will likely find it difficult to break above $2.54 in the coming days/weeks. However, if the ratio of Bitcoin/XRP holds below 8000, then it's likely that Ripple can again outperform Bitcoin in 2018, and possibly even become the number 1 coin by "market capitalization" before Christmas.

    .
     
    #424     Dec 31, 2017
  5. m22au

    m22au

    A list of the best and worst performing ETFs in 2017, courtesy of ETFDB.com via SeekingAlpha:
    https://seekingalpha.com/news/3320511-biggest-etf-winners-losers-2017

    ARKK +85%, ARKW +84%, REMX +83%, CXSE +80%, CQQQ +74%.

    ARKK and ARKW did well because of (1) GBTC and (2) the momentum Nasdaq names

    REMX is "VanEck Vectors Rare Earth/Strategic Metals ETF"
    https://www.vaneck.com/etf/equity/remx/overview/
    Lots of industrial metals in the top ten holdings.

    CXSE and CQQQ are ETFs of Chinese stocks.

    https://www.wisdomtree.com/etfs/equity/cxse
    Lots of momentum Chinese stocks in the top ten (BABA, Tencent, JD, BIDU)

    https://www.guggenheiminvestments.com/etf/fund/cqqq-guggenheim-china-technology-etf
    Again, lots of momentum Chinese stocks in the top ten (Tencent, BABA, BIDU, NTES, SINA, WB, 58.com)

    .
     
    #425     Dec 31, 2017
  6. m22au

    m22au

  7. m22au

    m22au

    #427     Jan 6, 2018
  8. m22au

    m22au

  9. m22au

    m22au

    https://twitter dot com/EricBalchunas

    "Here's latest snapshot of the Bitcoin ETF Race, which is up to 23 filings: 3 physical, 15 futures-based (3 lvrg, 3 inverse) and 5 equity."
    https://twitter dot com/EricBalchunas/status/950353153022623744

    .
     
    #429     Jan 8, 2018
  10. m22au

    m22au