Cryptocurrency Bull Stretch Incoming

Bitcoin has continued to rally over the past few days as concerns over the “Cashening” subside. The high negative correlation between Bitcoin & Bitcoin Cash have reduced, meaning it now makes sense to own both if you are so inclined. I continue to hold Bitcoin as I believe we are about to enter another bull stretch as stated in one of my previous videos. I bought into Bitcoin at an average buy-price of $6000 and at this point consider it a certain buy at any level below $6,600. Moderate buy at levels below $7,500, but not if you aren’t comfortable with the investment (e.g: I wouldn’t do that personally even though I see strong potential for going higher).

Ethereum is still a strong holding due to high transaction volume and widespread use (relative to other cryptocurrencies). My primary reason for investing in Ethereum initially was because I felt it was grossly underappreciated against Bitcoin and that the Bitcoin “war” between Bitcoin and Bitcoin 2X would be the catalyst that lead to higher capital inflows for Ethereum as investors fled. However, when the hard fork was called off, I continued to hold for value reasons. Interestingly enough, Ethereum didn’t do too well when Bitcoin Cash was spiking, but is now “taking off.” As mentioned in prior videos, will hold til $400+.

Many people have asked me about Dash. I continue to stay away, but not for same reasons many people are. Dash has similar valuation to Litecoin, but a 3rd or less of its transactions. In addition, I’ve seen several times that the DAO structure with treasury has actually destroyed value rather than create it, so I am skeptical about its future. Litecoin has better community support, more transaction volume, and less controversy. As such, I do not consider Dash an attractive investment at this time.

I am bullish on altcoins as a whole; I suspect they will do well just as they did in the better half of August. Still prefer focusing on mid to large cap altcoins rather than always looking for “10 baggers.” Obviously goes without saying that all of this assumes no major unexpected catalysts. I would love to hear your thoughts as usual. Thank you for watching.

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If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me – everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently.
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My Recommended Hardware Wallets:

If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously – look it up and you’ll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline):

Ledger Nano S: http://amzn.to/2hZPj0q
Trezor: http://amzn.to/2AxD9TN
Ledger Blue (expensive): http://amzn.to/2hk7xst

I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn’t matter which one you go with. Ledger Blue is premium and convenient, but not necessary.
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My Favorite Book for Investing in Crypto:

Cryptoassets: http://amzn.to/2zKDdCF

This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn’t bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest.

It’s a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc).
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My Recommended Exchanges: Coinbase / GDAX / Bittrex

https://www.coinbase.com/join/5a08b12e305a1401d79d10e0

If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex.
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Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites.

None of what I provide in my videos is investment advice. Please do your own due diligence.
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Twitter: https://twitter.com/Truth_Investor
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Seeking Alpha: https://seekingalpha.com/author/truth-investor/articles

Cryptocurrency Bull Stretch Incoming

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Kane Dane