Leocast Transcript - December 16th 2017 pt.1

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The Leocast Transcript: December 16th,  2017 pt. 1
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     Good  Morning  everyone,  I  thought  it  was  important  for  me  to  send  this  note  out  looking at  the  way  the  market  is  progressing.  The  CBOE/FUTURES  has  been  obliterated  ,  they  were pegging  btc  to  be  about  18.5k  and  it's  already  crossed  19k.  Those  who  had    bet  on  18.5k    can say  goodbye  to  their  bets.  BTC  has  gone  up  to  19k  which  essentially  means  that  people  are going  to  fomo’ing  more.  I  think  a  lot  of  it  is  going  to  depend  on  the  CME/Futures  coming  in. Keep  in  mind  the  FUTURES  does  not  have  the  availability  to  short  bitcoin.  I  think  with  CME  and the  others  coming  in  it  might  be  a  possible  potential  play.  That  being  said  I  think  the  last  couple days  has  been  crazy,  altcoins  have  been  surging  along  with  bitcoin.  What  worries  me  is  the amount  of  pumps  that  are  happening  in  altcoins  although  its  expected.  This  is  why  we  have  a group  which  handles  altcoins  as  well  as  BTC.   What  i  want  to  caution  everyone  is  there  are  a  lot  of  altcoins  unnecessarily  pumping.  For example  ADA  ,  yes  it  could  be  a  dollar  up  within  a  year  but  theres  is  no  news  on  ADA  that's going  to  make  it  pump  the  way  it  is.  Expect  it  to  crash  the  moment  there  is  a  BTC  run  or  any form  of  FUD  comes  through.    So  all  the  coins  pumping  which  do  not  have  a  strong  FA,  proper base,  or  working  product;  just  with  play  those  coins  do  not  go  long  on  them.  Those  are  coins you  may  be  play  for  a  few  hours  and  get  out  of  it.  Do  not  stay  invested  in  those  you  may  end  up losing  a  lot  of  capitol.   What  I  also  want  you  guys  to  be  aware  of    is  the  coins  strong  in  FA.  The  alt  coins  may drop  if  BTC  makes  a  run.  The  good  news  is  we  are  seeing  the  market  cap  increasing  and  the BTC  dominance  staying  at  about  50%  level.  What  I'm  looking  for  is  BTC  dominance  dropping 20-30%.  When  that  happens  is  when  you  will  really  see  cryptocurrency  as  a  whole  to  the masses.    Until  that  happens  you  need  to  be  cautious  about  it.    When  btc  gets  to  20-30% dominance  is  when  you  could  forget  about  any  form  of  btc  runs,  and  you  don't  need  to  worry abou  btc  running  to  40  or  50k.  Btc  can  continue  running  to  whatever  it  wants  to  when  the  overall dominance  in  the  market  cap  comes  down.  But  as  it  keeps  dropping  and  goes  below  50  your less  likely  to  see  a  btc  run  hitting  any  of  the  alt  coins.  And  that  by  far  is  going  to  be  the  defining moment  when  your  going  to  see  where  the  value  of  bitcoin  ends  up  being,  keep  in  mind  now bitcoin  is  becoming  a  store  of  value  .  Its  holding  value  similar  to  gold  where  you  just  buy  it  and keep  it  because  its  precious  and  people  are  willing  to  pay  for  it  because  its  a  limited  amount. Whether  it's  actually  going  to  be  used  in  day  to  day  life  is  a  big  question.  I  see  LTC  and  other smaller  coins  which  are  coming  out  for  specific  purposes  starting  to  catch  up  and  go  ahead, thats  something  thats  going  to  happen  over  a  period  of  time. Over  the  next  year  or  two  we  may  see  mass  adoption  starting  to  take  place  ,  if  that's actually  the  case  and  bitcoin  retains  a  30%dominance  ,  that's  when  whatever  coin  you  have bought  in  today  is  going  to  make  you  rich.  Especially  if  it's  a  fundamentally  sound  coin  and  has a  real  world  application.   If  you  have  a  source  of  income  put  in  whatever  you  can  afford  to  lose.The  moment  you  start seeing  BTC  reach  that  dominance  level  and    start  to  see  government  regulation,  you  just  buy into  the  strong  fundamental  coins  and  they  are  going  to  give  you  the  true  value  of  return.  
         Also  what  your  seeing  is  a  lot  of  fresh  money  coming  through  and  people  starting  with say  .02  btc  and  then  looking  at  100k  xvg  for  the  same  amount.      There's  an  emotional  factor  at play  which  overpowers  any  kind  of  TA.  A  lot  of  these  guys  who  joined  this  surge  in  the  last month  dont  even  know  what  cryptocurrency  is.  They  have  hardly  heard  of  BTC  probably  heard  it on  the  news  and  just  bought  into  it  which  is  why  the  market  has  been  going  so  crazy.   The  moment  the  moment  BTC  market  goes  down  to  20-30  %  you  need  to  ensure  your fully  entered  into  the  cryptocurrency  market.  This  is  truly  going  to  be  revolutionary.   While  alt  coins  are  booming  please  be  super  cautions  about  BTC,  its  still  at  a  50-60%  market dominance    if  btc  happens  to  run  your  altcoins  are  going  to  dip  and  your  profits  are  going  to  dip. Just  be  careful  buying  into  any  coins  at  a  relatively  high  rate.  At  this  point  in  time  you  should  not be  investing  fresh  money  but  rather  circulating  your  funds  between  one  coin  to  another.    Just move  your  funds  whenever  you  think  possible  to  catch  a  run.  Or  simply  sit  back  and  stay invested ,the  coins  we  have  on  the  call  sheet  are  the  ones that  you  should  be  in  by  default.   

Cheers  everyone,  @Leocrypto---

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