There was a ton of action yesterday with litecoin. The price went from about $100 to almost $200. I’m not sure if it was money moving from profit taking on BTC, normal bull momentum, or if Charlie Lee sent out some tweets. What I do know, is that I’m the worst trader ever. I bet I’m the only idiot in the world that can lose money in a crazy ass bull market.
I caught the middle of the first run and made some decent profit, later in the evening litecoin bulls made another move. It was in breakout, blowing through limit sell orders on GDAX. I was buying into the end of walls of resistance then quick flipping it with a limit order. It was working well and the price kept going up.
Obviously it had to end at some point, so the idea of buying into the wall was to take small profits using the momentum and quickly get out of the position. The problem arose when the price reached the mid $190’s. I knew I was pushing my luck, but the buying volume kept coming. I bought into the end of a 4000 coin wall at around $194 and prepared to sell at $199 which I figure was before the next psychological resistance of $200. Well the price did go just over $199, but then fricken GDAX froze up as everyone sold at the same time. My limit order didn’t make it in and the price dropped $50. It did come back up a little but it took all the days profit and then some.
Drew R, told me a few months ago to hold my crypto and not trade it. I didn’t listen, If I had listened I’d probably have about 50 LTC that I bought for around $35 each. But where’s the fun in that?
Here’s bitcoin brand awareness story that I heard this morning from my friend and co-worker Nathan. Someone asked him what this Bitosin was and why everyone was buying it. At first he thought she said Pitocin which is a hormone/medication used to induce labor and can also be used to control postpartum hemorrhage. She said again, “no Bitosin, the price is like $16k and everyone is buying it. So he googled it, looking for whatever the hell Bitosin was, be it hormone or something else. He then realized she was talking about Bitcoin, but pronouncing it like Pitocin with a “B” sound.
Crypto currency marketing and mind share has come a long way but apparently the work isn’t finished.
- Main List NameJet Flippa/Sedo
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- Short Brandables Numbers One Worders Vape, Vegan, VR
- Snap Names/Dropcatch NamePros Godaddy Value BIN
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The No Bid List
AthletesBio.com Track your favorite athletes
AwesomeForYou.com A marketing name, tell people how great your product will work for them
BathRehab.com rehab your bathroom, costs lots of money
BlockAdvise.com Information about the latest blockchain developments
CaseVault.com Protection for your phone or tablet that’s really strong
CleanWine.com Because no one wants to drink dirty wine
CrazyHistory.com Events from the past the were not normal
FullContrast.com Could be used as a comparison site, but makes me think of cameras
GamingSkill.com Almost sounds better than game skill, more of an action or gambling feel
HashMania.com Hash rate or Mj event or craze
HealerPower.com A person that has the power to heal
Knowista.com Like Barista but knows everything
LoveToStudy.com Change the attitude of students with this tool. They’ll enjoy studying after using it
MegaGreat.com Not just great, but mega great
NeedDetox.com Have a Drug test coming up? Maybe you need a Detox
OnFridays.com A list of things to do on Fridays
PoliticalBio.com The voting history of all politicians
PrivateSleuth.com A private investigator
QuickerMe.com Makes you go faster
RightVault.com I like using right with any keyword, it has a good feel
SillSeal.com I had to add this one so Ategy wouldn’t call me out for missing such a fine “seal” name. A product for old drafty windows
StackTile.com Maybe a game?
StaffingSherpa.com The guide to all your staffing needs
UtilityHero.com Fixes the utilities during storms
XQueens.com No longer a queen or add the X to make Queens cheaper and cool
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LLL’s, CCC’s, 5L’s
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