The 2021 Guide To Cryptocurrencies (Part 1)

Welcome to the 2021 Guide to Cryptocurrencies! If you’ve ever wondered what cryptocurrencies are all about, you’ve come to the right place!

This guide is perfect for just about anyone. In fact, you could be a seasoned crypto investor, a new investor to the space, or just someone who wants to learn more. No matter how you got here, this guide is built for you.

I’ve taken topics that are key to learning more about cryptocurrencies and blockchain. Then I’ve combed through every article I’ve written for INO.com over the past few months. Out of that pool of articles, I’ve selected just the right mix that are ideal for the topics you need to know about.

But before we get started, a quick word of caution. If you’re going to invest in cryptocurrencies – and there are good reasons why everyone should own a little – remember that the entire space is risky, highly volatile, and unpredictable. So, if you’re going to take the plunge, don’t devote more than 1% to 2% of your portfolio. And ask yourself if you’d be comfortable losing that 1% to 2% because you just might.

Now, with that out of the way, let’s get to the 2021 Guide to Cryptocurrencies! Continue reading "The 2021 Guide To Cryptocurrencies (Part 1)"

Bitcoin Update: Reversal Or "Dead Cat Bounce"?

Bitcoin was in the “To Be Or Not To Be” situation last month as the giant Head & Shoulders pattern emerged to target the utter annihilation of Bitcoin.

This strong support that most of you have shown in the last poll for the main coin kept it from the collapse into the abyss. Let me show you on the chart below what has happened with the terrifying pattern since then.

Bitcoin Head And Shoulders Chart

The model looked just perfect as the price reached the final trigger of the Neckline after building the anticipated Right Shoulder to accumulate enough power for the breakdown. However, the first attempt in late June has failed. The next attempt at the end of July was not as powerful as the angle of attack was not sharp enough, and momentum quickly evaporated after a false breakdown. Continue reading "Bitcoin Update: Reversal Or "Dead Cat Bounce"?"

What You Don't Know About Altcoins

What are Altcoins?

First off, the term altcoin is a portmanteau of two words, “alternative” and “coins.”

But don’t let that throw you: Alternative is the keyword here.

Alternative to what? Well, you guessed it: Bitcoin.

That’s right: Altcoins are all cryptocurrencies, except Bitcoin.

But that answer just gets us started.

So, let’s get to it! Continue reading "What You Don't Know About Altcoins"

What Is Dogecoin?

When I first started watching the meteoric rise of Dogecoin (DOGE) over the last few months, I couldn’t believe my eyes. And my eyes have seen a lot in the cryptocurrency world!

From trading for less than a penny for most of its life, it shot up to a couple of cents in January. From there, it took off, reaching a high of $.68 in May. It now trades around $.25.

That kind of volatility is nothing new. But when you’re talking about a cryptocurrency with a market cap in the billions, it’s something special.

So, we’re going to break down Dogecoin and see if it’s really worth all the hoopla it’s been getting.

Pronouncing Dogecoin?

First off, how do you pronounce Dogecoin (DOGE)? Continue reading "What Is Dogecoin?"

Bitcoin, Ethereum, And Ripple Update

Bitcoin invalidated the short-term pattern posted last month as it pulled both sides’ triggers and then returned to the current equilibrium. The other large-scale pattern is good to go.

Bitcoin, Ethereum, And Ripple Update - Bitcoin Daily Chart

I assumed that the right shoulder has been in progress with a possible spike to the upside. The price accurately followed that forecast as the price even surpassed the previous top to mirror the extreme in the left shoulder. Both shoulders peaked almost in the same area as the entire pattern aligns horizontally. Continue reading "Bitcoin, Ethereum, And Ripple Update"