Who is buying?
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Hey everyone, it took us about 9 months, but it appears that we will see a golden cross in the next few days. The 50 day moving average is about to cross above the 200 day moving average. Pretty significant event! Cheers!
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@calvinweight So what does that actually mean ?
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@digga I think what he is saying is this : it means that the longer 200 day average has been increasing despite fluctuations in the shorter average of 50 days. The short term average is about to be higher than the long term (again). since the long term has been going up presumably to maintain this you need the short term to be above it for some period of time. So people who do this kind of technical analysis would buy right now assuming the pattern holds. Of course if the stock … er i mean currency is always going up (or down) the lines never cross. fluctuation is how short term investors try to make money, this pattern is something they would look for.
I’ve never done this kind of techincal analysis but if there is some other meaning i’d love to hear it. (personally i put zero stock in anything but fundamentals cause i’m a buy it and forget kind of guy. hence my interest in feathercoin. its strong )
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@digga It’s just a longterm bullish signal. For investors with a really long investment horizon, this is usually a sign of price strength. It could attract some long term investment in other words.
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This is a bit of a SiFi answer to whom will be buying in the medium term.
“Artificial Intelligence” / “Machine Learning” applications require large amounts of training data to acquire subtle abilities. Currently we give away our data, even have to watch adverts whilst giving it away.
In the future that will not happen so readily, training data will become very important, especially clean or curated sets. You will be paid to contribute to those training sets and altcoins will be part of that economy.
https://comma.ai/ is an open source data set collection for self driving cars, the idea being to upgrade your own car. Currently it is a dash data collection system you get paid “tokens” to contribute your data.
Anyone want to start their own “machine learning training data collection business” and pay in altcoins?
https://play.google.com/store/apps/details?id=ai.comma.chffr
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bumping this thread as there was tons of action today.
Did anyone buy ?
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@acidd
Managed to buy some more at 11 sats.
Still holding my bags, don’t know for how long, but will hold more :) -
i’ve been toying with the idea. my focus has been more on stocks right now but getting more at 8-9 cents seems really really nice
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Want to buy some coins but have some confusion is it worth of money or not ?
Regards
Deep Web -
If it is worth the money, is your own decision. It is like buying shares, nobody can tell tomorrows share value.
You may win or loose
