There are 3 reasons why I think, Emercoin is set to go up:
1) The charts indicate it. A long-term downtrend has been broken for a while now, and the current consolidation phase could be over at any time.
2) There has been a huge buy wall on bittrex for almost 3 weeks now. Initially it was around 400 BTC. Now it's down to 255 BTC. So it's still massive, although I think it's only 1 buyer.
3) Emercoin is set to release an update with segwit support and something about smart contracts before the end of this year (2017). I don't know enough to understand the importance of this, but it might help the price to increase.
My view on Emercoin:
Not a hyped coin. Didn't even have an Initial Coin Offering.
Niche technology, too convoluted to understand for the average person. Used by Microsoft Azure, among others.
Not a scam coin, but some of the people behind Emercoin are frequently accused on bitcointalk for having launched other failed/scam projects.
I don't know a thing about Emercoins long term potential. I'm just looking for opportunities to buy low and sell high. I'm confused by the huge buy wall, wondering what it means. The chart I posted is not meant to be anything clever, just a guide to what might happen, based on what previously happened.
1) The charts indicate it. A long-term downtrend has been broken for a while now, and the current consolidation phase could be over at any time.
2) There has been a huge buy wall on bittrex for almost 3 weeks now. Initially it was around 400 BTC. Now it's down to 255 BTC. So it's still massive, although I think it's only 1 buyer.
3) Emercoin is set to release an update with segwit support and something about smart contracts before the end of this year (2017). I don't know enough to understand the importance of this, but it might help the price to increase.
My view on Emercoin:
Not a hyped coin. Didn't even have an Initial Coin Offering.
Niche technology, too convoluted to understand for the average person. Used by Microsoft Azure, among others.
Not a scam coin, but some of the people behind Emercoin are frequently accused on bitcointalk for having launched other failed/scam projects.
I don't know a thing about Emercoins long term potential. I'm just looking for opportunities to buy low and sell high. I'm confused by the huge buy wall, wondering what it means. The chart I posted is not meant to be anything clever, just a guide to what might happen, based on what previously happened.
Trade fermée manuellement:
The buy wall has disappeared. This makes things more uncertain, and for the time being, I have abandoned ship.