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Emercoin set to go up
There are 3 reasons why I think, Emercoin is set to go up:
1) The charts indicate it. A long-term downtrend has been broken for a while now, and the current consolidation phase could be over at any time.
2) There has been a huge buy wall on bittrex for almost 3 weeks now. Initially it was around 400 BTC. Now it's down to 255 BTC. So it's still massive, although I think it's only 1 buyer.
3) Emercoin is set to release an update with segwit support and something about smart contracts before the end of this year (2017). I don't know enough to understand the importance of this, but it might help the price to increase.
My view on Emercoin:
Not a hyped coin. Didn't even have an Initial Coin Offering.
Niche technology, too convoluted to understand for the average person. Used by Microsoft Azure, among others.
Not a scam coin, but some of the people behind Emercoin are frequently accused on bitcointalk for having launched other failed/scam projects.
I don't know a thing about Emercoins long term potential. I'm just looking for opportunities to buy low and sell high. I'm confused by the huge buy wall, wondering what it means. The chart I posted is not meant to be anything clever, just a guide to what might happen, based on what previously happened.
1) The charts indicate it. A long-term downtrend has been broken for a while now, and the current consolidation phase could be over at any time.
2) There has been a huge buy wall on bittrex for almost 3 weeks now. Initially it was around 400 BTC. Now it's down to 255 BTC. So it's still massive, although I think it's only 1 buyer.
3) Emercoin is set to release an update with segwit support and something about smart contracts before the end of this year (2017). I don't know enough to understand the importance of this, but it might help the price to increase.
My view on Emercoin:
Not a hyped coin. Didn't even have an Initial Coin Offering.
Niche technology, too convoluted to understand for the average person. Used by Microsoft Azure, among others.
Not a scam coin, but some of the people behind Emercoin are frequently accused on bitcointalk for having launched other failed/scam projects.
I don't know a thing about Emercoins long term potential. I'm just looking for opportunities to buy low and sell high. I'm confused by the huge buy wall, wondering what it means. The chart I posted is not meant to be anything clever, just a guide to what might happen, based on what previously happened.
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The buy wall has disappeared. This makes things more uncertain, and for the time being, I have abandoned ship.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.