When we look at the fundamentals of a coin, there are very few other than longevity, application, Team, and most importantly, is there a current application or is it still in development. GEO was my first alt-coin I bought for speculation, but maybe it's not speculative anymore. We see coins with promises, timelines for development, and alledged "contributors or advisers" and think this might be a good investment only to realize it was a pump-n-dump. In addition we have to understand that some will make it to actual real world applications, and some won't. This is why it is critical to separate speculative from non. How do I do this? Well bottom line does it have an application and is it already in use.
Many have considered GEO similar to pokeman, which was all the rage a month ago but had no realworld application other than a game. But this is what makes GEO so interesting.Think of how people scurried around from place to place just to get, well, tokens. But seldom are the rages the final application,but they generally are telling us what is soon to come. And here comes GEO. Geo is similar to pokeman as it rewards people for running around collecting tokens. Now at first you might think this is silly, but it has a very very VERY huge market application. What is it you might ask? ADVERTISING!!!!! We see many coins like Adx and others that are going to be the advertisers of the future right? Wrong! Well maybe. But GEO is already there with a real world app! Imagine I'm a coffee shop and it's been slow so I decide to drop a few GEO's at my coffee shop with say, 1/2 off coupons to get some business in and cash flow? Well anyone with the app would see the coins, and if they are in the market for coffee, whalllaaaaa! Here they come. It costs me a few GEO's to do this, but cost of customer acquisition is key. If I have to advertise, for say $250 in four different papers, I may get a few into my coffee shop with a coupon but many throw it away. However, I'm paying to advertise to those people. With an app for GEO I can directly market to those that like coffee, which is the best form of marketing. So I pay a token when I get a customers interest! Sound familiar? It should, this is how Google works!!!!!
Now let's look at the graph. We see a similar pattern to KORE, which we posted a few days ago, and boy has that horse been a winner! I love the long shadows on the bars, as to me this is telling me someone is buying it in large quantities. What else could it be? Maybe I'm wrong but I'm definitely seeing a pattern here. I will not go into the technicals as they are quite obvious and most of you can read them. Moreover this is one of my favorite "under the radar" coins. It already has an app and to me it's much farther ahead then others in the same space, ADX etc. And unlike these other coins, it can be easily made into an app on your phone with navigation. Wow a restaurant, pet shop, and just about any other small businessman's (or women's) dream. Direct marketing for customers. This is what made google so big. I'm may be adding here and this is quickly looking to be a core position in my wallet, is it in yours? I would love to hear some feedback on what you might think! As this is just one of many apps for a navigation token.
評論
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I think you could buy here if your longterm, if your short-term it appears the market is stabilizing and I would be looking for a breakout.
@jgulamal, I will try to get it in there. thank you for reading
fifcandles
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Newbie question, in a coin with a low volume like this one, around 64 BTC/day; what minimum sell amount from a big buyer would be enough to cause the coin to really dip in price?
Thanks!
goldbug1
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@fifcandles, Good question. Normally I like to see higher volume and larger market cap to avoid large swings, but this one I'm in for the long haul, I like it that much, just great applications. But your point is valid, so if you look at the depth of the market you can see it's pretty deep to the buy side which would keep the sharks away from trying to sell into margins. A lot of buy orders thinking to catch a sudden selloff I'm just no sure it is going to happen but it could. Because it has such little volume I would not have automatic stop limits in place. That could be a disaster, waking up to find someone did a fat finger trade triggering a selloff only to find your order triggered and it's back to where it was especially with the bid depth of the market. If you wanted to this is one where you could put a buy order in down 20-25% and see if you catch any fish! ;) Thanks for the comment and good luck.
sha0lin40
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whats the reason for the pump? any news coming from their camp? other than bitrex updating their logo on the their site.
goldbug1
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@sha0lin40, None that I am aware of, I really do not follow the news much. It provides false signals and results in trading on emotions and not trends and signals which are tried and true methods. We are in a correction cycle in the market which the charts have shown, and these moves are anticipated during corrections.