These altcoins can do a thousand percent. Do I see Bitcoin going up
a thousand percent next year? Not necessarily. Bitcoin is the crypto that
gets the most large investor interest. My bread and butter has always been altcoins. I’m not going to really change that now. That’s what’s got me where I am today, right
now, in this moment and probably for the next year I’m more of a Bitcoin maximalist. Hi, everyone. I’m Giovanni, welcome
back to our show. Today I’m here with Joe DiPasquale, CEO of
hedge fund the BitBull Capital, and prominent altcoin trader Donnie, better
known as Altcoin Dad. Thank you to be with us
today, guys, let’s start with Joe. So since the beginning of December, Bitcoin has
been trapped in the mid low, $7,000s. What is your reading of the current
situation in the Bitcoin market, Joe? Sure. Last time we spoke, I remember it was
just after the rush of October with the news about China hitting and that, you know,
as we’ve discussed, that sentiment was mostly speculative. So we saw it raise a lot. It started going into that news at around $7,500
and the spike all the way to $10,600, what we see now is a fall below that
$7,500 support line, obviously in a pretty tight range right now it’s sitting at $7,155 or so. And we’ve seen a jump up all the
way to $7,250-$7,275 over the last several days. I expected to continue to be in that
range, but we’ve noticed from technical analysis just lower highs and wedging
but having very weak support. So I’m generally bearish on bitcoin this month and
feel that it could even dip back into the $6,000s. What do you
think, Donnie, about Joe’s analysis? I know that you are mainly an altcoin trader,
but maybe you can give your own perspective on it. Well, technicals aren’t really my
specialty either, I’m more of a fundamental trader, but from what I see, it wouldn’t surprise
me to go back down to the $6,000s. I’m seeing a lot of charts
on crypto Twitter showing $4,000. I’m not really sure if that’s
going to transpire or not. But, you know, trading the crypto markets
for the last six years, nothing really surprises me at this point. So, you know, I think that’s pretty fair. I think we might see a range. And me personally, as in altcoin trader, hope
that we see some kind of tight range between $7,000-$8,000, maybe
$6,500 and $8,000. That way, hopefully more attention and
more money will float at altcoins. And that’s kind of the position I’m taking. Donnie, your nickname on Twitter
used to be Bitcoin Dad. Why did you change it to Altcoin Dad? Does it reflect the change
of your trading philosophy? No, not at all. I
mean, ultimately, Bitcoin is king. So I’m trading altcoins to get more Bitcoin
ultimately, so it doesn’t really change my outlook or trading perspective. Ultimately, it was just, you know, it’s
been a two year bear market. You know, it’s been rough
for us as altcoiners. So I felt it was fitting
to kind of change it up. Looks like some of these coins might be
turned around possibly, you know, getting a little more bullish in general. From what I see in the charts and
fundamentals, looks like a possibly could be turning around for some coins. Is it gonna be as easy as 2017? I don’t think so. I mean,
the market’s really diluted nowadays. We had the Russia ICOs, you know, when things
were happening back then, you know, we were dealing with, you know, a 1150 altcoins. Now we’re 350+. So I don’t think it’s gonna be quite like
it was in 2017 if altcoins were to start popping off. But ultimately, if you have done
your due diligence, I feel that you could do pretty well. Joe, what do you think? What do you feel about altcoins? How much interest in altcoins are
investors at your hedge fund? I think there’s certain
altcoins that are interesting. There’s obviously been a lot of news in
around Ethereum from the Istanbul fork this weekend where we saw the price go
up about 4% after a successful fork. And then staking has really been of interest
to, I think, investors and funds recently because there is this consistent dividend that you
can get, actually just in the last day Kraken announced Tezos staking with
a rate of 6 %. And that’s after, you know,
Coinbase announced Tezos staking. And then, of course, Binance
also announced Tezos staking. So the staking coins like Tezos or Cosmos even
EOS, you know, on a separate note has been of interest to people. So those are altcoins that
I hear about a lot. What do you think, Donnie? Altcoins like Tezos
and the ones that Joe mentioned at the center of your attention too? Yeah. You know, this is one of my favorites. I really think, you know,
it’s got a good base. You know, it’s 1.2 billion cap. It’s a little high
for me as a trader. But to diversify my portfolio, I make sure I do
have high caps in the coins I hold, you know. There was an ICO
that raised 230 million dollars. They have a lot of big supporters behind it. So personally, I like that coin. I did see the staking. I think Binance even has
a 0 percent kind of fee on their end. So that was enticing for a lot of people. It could be a solid altcoin
going into 2020 and beyond. Donnie, what does it mean
to be an altcoin trader? Does it mean that you don’t
trade Bitcoin at the moment. And if so, what is the
actual rationale behind this position? Wouldn’t it be better to
trade both altcoins and Bitcoin? Yes and no. I mean, some
traders like to do both personally. I mean, you know, maybe it
was a very low leverage position. I mean, they have these sites out now with,
you know, times 100 leverage, which I just think is really crazy. I wouldn’t want to take
a position like that personally. But for me, my bread and
butter has always been altcoins. I’m not going to really change that now,
that’s what’s got me where I am today. So it wouldn’t be bad
to diversify a little bit. If I do take a position, it would be a
small leverage position in a spot that I feel that, you know, long term
would work out well. And that’s some high leverage position to where
it would just be too much babysitting for me. I’d rather spend my time
looking into altcoins and researching them. So, you know, specifically, you know, me as
an altcoin trader, I don’t necessarily trade on daily basis. I’m not a
day trader by any means. I would say I’m more of an investor to buy
coins to where I think they’re at their lows or start building a position then and just kind
of ride it out from that point forward. Being that we are on a two year bear market,
I feel now would be, you know, has been a good time to start buying some altcoins,
which is what I’ve been doing. Joe, does that kind of position
reflect the typical profile of one of your investors at BitBull? First, we actually run two funds. One fund has those longer term
goals that Donnie was mentioning. And then another fund is more market neutral. That’s very short term bulls, usually less
than a dozen in a couple days. For us, we do both bitcoin and altcoins and
we do altcoins either if a strong user events around the altcoin that we believe is coming up
or if we want to, we actually like volatility on either side, both up and down. And so recently there’s been a pretty
tight quarter that Bitcoin’s been trading in. So it’s about, you know, an
annualized volatility, about 30 percent. But if you go down to altcoins, for
example, Stellar has been really volatile recently. And so we sometimes want to if we see
that it’s going a couple standard deviations away from maybe its historical price, then we will want
to get in either long or short on that side. Would you say that volatility is something
good or something that keeps people away from altcoins? I think for many people, it
keeps them away for us in our fund. It’s attractive because it allows us an opportunity
to see pricing errors, I guess, or just pricing anomalies. And so then to get in on, you know,
on either side of the volatility, we feel like there’s a spread that we can make. People have been talking a lot about
this upcoming altcoin season when altcoins will eventually take over Bitcoin in
terms of market dominance. So I would like to
know your perspective on this. Donnie, what do you think? Is this a scenario
which is something possible? Yeah. I mean, I’m
always optimistic about altcoins. Like I said, after a two year bear market,
this really reminds me a lot of 2016 leading up to 2017. The dispair. Even myself, somebody who’s been in the game
for six years start having my doubts, you know, is it different this time? Are the markets not going to rebound? But ultimately, it looks like, you know, we’re
sitting at 65 percent or so Bitcoin dominance. I would like to see it in the
50s personally, and it looks like it’s kind of teetering on the support of
the dominance in general. So all my take is a little push. And, you know, a lot of
money could go to altcoins. So that’s why I’m thinking, you know, if Bitcoin
stays in this range, we could see some of this money flowing into altcoins. And you then you’ll see the dominance kind of
take a dive and get into the 50s percentile. What do you think, Joe? Do you agree with this kind of perspective? I do. I agree that the sentiment
altcoins is often a little too bearish. So the 65 percent dominance
of Bitcoin has made decrease. But overall I am most bullish on Bitcoin, I
think little alts hold on the market or the actual transactions that Bitcoin has. Right now in this moment and probably for the
next year I am more of Bitcoin maximalist. That’s interesting because in a recent tweet,
for example, Donnie said that this is actually the worst time ever to be Bitcoin maximalist,
so I might have found a point of disagreement between you two guys. Donnie, what did you mean by that? Well, I mean, ultimately, if I was somebody that
bought the top in 2018 or 2017 with altcoins and I wrote it all the way down to
now, I feel there’d be a lot more upside in holding these bags, if you haven’t cut your
losses yet, then selling everything you have in altcoins and just sitting in Bitcoin. I feel that there would be a better way of
making your money back if you were to ride out the altcoins for another cycle versus just selling
it and you know, holding Bitcoin at that point, you know, some of
these altcoins can do a 1000%. So, you know, from this point, if they were to go
up a 1000%, do I see bitcoin going up a 1000% the next year? Not necessarily. So risk/reward in my eyes, I
would not be selling my altcoins bags at lows, being down 80, 90 percent or wherever you
purchased, whether it was at the top a few years ago or building a position over
the last year, I wouldn’t be selling personally. And that’s why. Joe, how would you reply to that? I guess for me, Bitcoin is the crypto
that gets the most large investor interests. For example, if you’re looking at Grayscale’s offering
the vast 90 plus percent as in there, just their Bitcoin trust, even though
they offer Ethereum and a multi-coin option as well. And so with the volume so low
and with large investors still just starting to get in the space, I think that between still
the first point of sale, as Donnie said, there are definitely these altcoins
that are doing well. But for me, I guess because I’ve seen so
many cases of people getting burned on altcoins, I’m a little more conservative. So if you talk to me about altcoins, like
I think of Ethereum even where, you know, they’re really moving very successfully towards changing
to a proof of stake, which will be a huge differentiator in the market. And that will be in 2021. So there are things like
that I’m excited about. But even with some of these initial launches
of coins not going well for pricing, it makes me a little once bitten twice
shy about investing in many of them. And you know, and in Joe’s perspective, I don’t
know what kind of limits you guys have in regards to the altcoins, if you have: we’re
not going invest in anything that’s under a certain market cap either. And as an altcoin trader,
things have changed dramatically. You know, I’ve specifically trade on Bittrex. And, you know, living in the United States,
there’s so many regulations now, so many coins being delisted. Things are definitely changing. You know, which is good and bad. You know, I welcome the regulations, but it seems
like they’re kind of cutting us off at the knees as an altcoin trader living in
the United States, being that there’s these regulations, sites we can’t access,
coins we can’t trade. So that does make things a little
more difficult being an altcoin trader. Are you criticizing the way
the United States regulates cryptocurrency? I feel that we could open our eyes here,
you know, in the United States, we see China kind of doing a lot
of things with the blockchain. Seems like they’re supporting cryptocurrencies in
general a little more open. The United States kind of seems to still have
the hard stance, you know, yet Donald Trump tweet about bitcoin a couple of months ago, how
he didn’t like it and, you know, prefer the dollar. And, you know, so I would like
him to see a little more open minded about things regarding cryptocurrencies. And I feel that, you know, potentially they’re
missing out on the opportunity for this new technology that’s coming out. I do see the reasons behind it. I mean, when I first started trading back
in 2013, 2014, it was the Wild West. So many shady things were happening. People running off with money. So I get why the
regulations are going into place. But I just hope that somebody had, you know,
their ear to let them know, hey, not everything is bad. There are good projects out there. I understand the regulation portion of things,
but maybe loosen up a little bit. Or get some clarification. You know, if you’re gonna do it, do it,
clarify it, roll it out and then that’s it. It seems like it’s changing every month. You know, there’s something
different or something new. There’s something being tweaked. And I’d rather just have a
hey, it is what it is. This is what it’s gonna be and that’s it. Rather than changing it every
other day, it seems like. Right. So, Joe, what’s the average opinion about this
from the point of view of one of your investors at Bitbull. Are they also looking forward for a
better regulatory framework in the United States? I think everyone wants just a clear regulatory
framework, so as you know, Bitcoin and Ethereum now both been deemed commodities, but for
the rest of the cryptos, unless there are one offs such as Telegram or Kik or
others, it’s murky as to what is security and what isn’t. And we definitely are yearning for
just some clarity on that and so that would be helpful. But whether we treat all
of them almost as securities and the exchanges. So just to be careful, essentially,
it doesn’t really matter just how they’re deemed, but we would love to
see that clarity come along. Is there any jurisdiction in the world which you
would point as a model for the United States to follow? No, actually, I’d
say this is a leading jurisdiction. And the reason that it is, is because
it’s being more careful than many other jurisdictions and kind of excluding others,
excluding coins from being just deemed commodity or being investable by anyone. So we’re okay with that. I think everyone’s okay with that. But just I think the clarity on these, you
know, this set of coins is security and this set is not would be great. All right, thanks. Donnie, I
would like to ask you. Is there any specific coins that were de-listed
in the United States that you were betting on or that you were following, that
you thought they were with good potential, but they were victim of this
kind of very severe regulatory framework? Not necessarily. I mean, you know, Bittrex has made
a lot of de-list teams over time. A lot of them were
dead projects, dead blockchains. So I kind of get their position. I did have a couple of positions that I
was holding just for another cycle in general, not necessarily for some
breaking edge technology. So, you know, and they don’t really explain,
hey, we’re de-listing it because X, Y, Z, because of the security, because of the
dead blockchain or an abandoned project. So, you know, it’s kind of hard. It seems like, hey, the United States wants
to look out for their investors and protect them. And that’s why they kind of
put some these regulations in place. But then the people that are in the
United States that might and haven’t already invested in some of these projects,
then they get de-listed. And, you know, my investments down
25 percent in a day. So, you know, the protection, protect the
people from potentially investing, okay, but the people who are involved are
taking a hit in the meantime. So some altcoin critics like Eric Krown say
that the liquidity of the altcoin market is too low, which makes trading
alts far too risky. It would be like trading drugs, basically. It’s like, what’s the point? What do you think about
this kind of statement? Well, I would disagree. You know, you got to have a risk/reward. You got to diversify. I wouldn’t say, hey, go all in this altcoin
that only has one BTC volume a day. So, you know, if you diversify just
like, you know, I did years ago. You know, ultimately one day
might have no volume. And six months later, it could be top of
the board of the exchanges trading on, trading hundreds of Bitcoins. So if you’re looking for a quick trade, I would
say that might not be the best idea, but ultimately the liquidity will
come at some point. You know, once these cycles start taking place
again, the money flows in, the people jump on the bandwagon and you start seeing some
some action across the board on these altcoins. So I personally, I invest
in altcoins and market caps. Couple million dollars all the way
up to a billion dollars. So, you know, if you diversify enough, I feel
that it’s safer than just saying, hey, I’m going to just focus on these five altcoins that
are a million dollar market cap with very low liquidity. You know, it could take a
while to get rid of those positions, especially if you build a big position. But this
is what’s worked for me in the past. I don’t see why I would
want to change my strategy now. Joe, what do you think about it? So I actually do prefer larger volumes, so
even the Bitcoin volume has been tapering off as of late. And I think over the
holiday season, we’ll continue to see lukewarm volumes for both Bitcoin and alternative coins. The issue with that for me is that
it creates unexpected movements because you’re going to have larger purchasers come in
and create a lot of volatility. You know, essentially even we’ve talked about
market manipulation before, either a spike or it could drop on the price. And so even with the lower volumes of
Bitcoin, and especially as you get towards altcoin, it creates unexpected movements. And usually those are just a quick bleep. And the price will go back to what it is. But entreating it can either force you to get
if you set some sort of stop limit order. It can wipe you out, even though it
was just a bleep and the price recovers. Or it can create other issues such as
scaring the market and then the market actually following a trend either up or down before
another shoe either drops or goes up. So I stay away from truly low volume
on crypto assets unless there’s something specific that I know about that crypto asset because
I don’t like the unexpected movements that it can result. So I mean, as an individual investor, you know,
I guess in Joe’s place, you know, as a trading fund, has a lot more money to put
into the market as just an individual investor. So for me personally, taking a half of Bitcoin
position on an altcoin isn’t as risky as a fund that might be dealing with hundreds of
thousands of bitcoin to try to build a position. So, you know, for me or a lot
of the people that are starting to get involved or is interested in cryptocurrencies in general or
altcoins, they might be in a little better position to build on this
based on the lower liquidity. If you or some whale or your fund, they’re
not going to necessarily be focusing on these small market caps because the books are so thin it
can take just a sneeze or a fat finger to drop a market, you know,
30, 40 percent in one trade. So, you know, and that’s my perspective. I’m not necessarily building a 100 bitcoin/altcoin position,
but for me and maybe some of the other altcoin traders, they do something on
a smaller scale to where maybe a fund would not be in that position. Joe, do you agree with what Donnie just
said about the difference between, like a perspective of individual investor from the
perspective of someone who is actually managing a hedge fund? I do agree that there are different issues that
come at play when you play with larger volumes, because there is of course, how you
purchase or sell a large amount of crypto assets, there can be some slippage. But in general, I think, you know, if
you’re looking from an investor’s point of view, either the outlook should be the same on a
specific asset, whether you believe it will go up over time or down. So I think, you know, there are specific
alternative coins that come into real life that are strong, but generally I would avoid them
of lower volume coins because of unexpected changes that can cause even a
strong coin to lose value. Because I am actually curios to know what
is your vetting process in terms of evaluating which stablecoins, sorry, which altcoins are actually
worth to invest to and which ones are not? Oh yeah, most definitely. I mean, me personally, I guess
I focus on the fundamentals. I’m not a technical analysis
type of guy or guru. I don’t really have any financial background. Prior to me doing crypto full time,
I was in the insurance business. So, you know, this
wasn’t necessarily my forte. Not like I came from Wall Street
and here I am jumping into crypto. So for me, the fundamentals
is what I focus on. They have a strong community, a hard
working development or developed dev team. They’re constantly reaching their goals and
new technology following the roadmaps, communicating with the community. Those are all things that I look at, you know,
and I like some of these projects that are four or five years old
that are still working hard. They might be overlooked. They’re under 10
million dollar market cap, but they’re still doing things to this day,
five and six years later. Personally, I’ve never been a fan of ICOs
because you’re giving them a paycheck up front. Some of these other altcoins that are
mineable and are proof of work. These developers have to work in order
for their project to be successful. So I feel the incentive are with some of
these projects that are proof of work due to that aspect versus hey, here’s
thirty million dollars up front. You know, make something for us. You know, the developers are the ones they’re mining
it with the rest of ever, with the rest of the investors or buying on the
market and ultimately hoping the project’s success based on their own work. What do you think? Is it pretty much the
same method that you use at Bitbull to evaluate altcoins? Yes. Well, as I mentioned, so
we have two different funds. One fund is more of a longer term investing
type hold and the other fund that would take just similar perspective. The one that you mentioned about what
assets we believe are fundamentally strong, potentially market changing and have the support
from the community and developers and investors and that sort of thing. On the other side, though, we have a fund
that does mostly shorter holds and trading, you know, it’s very heavily technical analysis. So we actually don’t look at
the fundamentals in that case. We only look at the the actual price movement
in the historicals and we use a number of different models either looking at
momentum or looking at mean-reversion. So essentially just to make decisions on where we
think the price will head in the next 24 to 48 hours. So we have a couple
different ways that we trade. Well, I would like to
consider a concrete scenario now. It’s about the Matic network, which is an altcoin
which went up like 180% in two weeks and then crashed down 70%
in a couple of hours. So how do you deal
with this kind of scenario? Is it possible to predict this
kind of pump and dump? You know, I’m kind of a
loss for words for that one. You know, I personally
didn’t follow the project. I wasn’t an investor in it. You know, it seemed like
it had high liquidity. You know, it was on Binance, so
seem like they were buying there. It obviously has gone up leading up
to that crazy dump that it had. A lot of things I’m seeing, it looks
like it could be insiders on their end. Looks like they moved a large amount of
their coins, according to the Block Explorer, and it all went to Binance. So a lot of people think
it might be an inside job. I’m not one to necessarily point fingers, but
that’s what it kind of looks like. It looks like a lot of
the developers tokens went to Binance. And what explains such a large dump. And unfortunately, cryptocurrencies, you
can’t control that. That’s just a risk you’re going to take. Is it possible to prevent something like that to
happen or it’s just totally out of your control? Well, I mean, I think
Joe mentioned, you know, stop losses. You know, if you’re in
profit, you’re doing well. It wouldn’t hurt to put
something in to protect yourself. At least, you know, break even or if you’re
a couple one hundred percent up, at least do the stop loss at 100 percent. You know, you still take in a good
amount of profit and doing well and protecting yourself against something like this. So if anything, that would be really, I could
say, the only thing that would protect you for something like this. Joe, can
you comment on this specific case? So it’s true that Matic would be a little too
early for us to invest in because of the lower volume. And actually, for me, this kind of
exhibits a reason to stay away from the lower volume coins just because, you know, the
story around that is people that know whether there is going to snowball effect that
led to it dropping that I don’t know, what, 60% down to about
2 cents, something like that. People initially got scared because of some
tweets from the Matic Foundation and suspicious took of movements. And then there were just a massive
dumping of all of the coins. But I think that type of extreme volatility
and for us, something that would be really hard to catch makes us, you know,
go with generally higher volume assets. What do you think, Joe? Can this prolonged
stagnation of Bitcoin result in a positive trend for altcoins? I think generally what it can do is
allow altcoins to take over some market share. As Donnie mentioned, Bitcoin’s currently sitting at about
65% of the entire market cap of all crypto assets. But in general, Bitcoin and altcoins have
moved together unless there’s some specific case for a specific altcoin, doing
one thing or the other. So I think it’ll be until the entire
crypto asset space has some renewed interest potentially in the new year that all
crypto assets will appreciate in value. So we are moving towards the end of 2019. What do you think, guys? What is the most
important event this year in the crypto space? I don’t know if there
is necessarily one event. I think just the market action in general,
I mean, we hit lows of $3,000. We bounce back up to $13,000. I think it shows that, you
know, Bitcoin is very resilient. And, you know, I don’t feel it’s
going away anytime soon, that’s for sure. So I think that 2019 has shown that, you
know, after the highs of 2018 kind of brought everybody back down to reality
I guess you could say. But it did show that there is still
a lot of interest in Bitcoin in general. There’s still a lot of buyers out there. It’s good to see these
larger, you know, exchange talks. You know, we got ICE and the CME
and other institutions that are getting involved. So it is a little more reassuring on my
end, but definitely for the newer investors, you know, myself, I bought it a thousand dollars
back in 2013 and went down to $200. So I think there is kind of get a taste
of what a lot of us experienced early on from buying 16, 17, 18,000 dollar bitcoin
to have it down to $3,000. But to see it bounce right back up
to $13,000 is definitely nice to see. Joe, do you share Donnie’s
point of view on 2019? I do share Donnie’s view, I think
for me I see two things. So this year reinforced the case
both economically for crypto assets. So we continue just on a macroeconomic
level, seeing ballooning debt from countries and other issues that lead to the recent
Deutsche Bank report that digital currencies may come to the fore in the next couple of years. So and then in addition, we see
more technical advantages to digital currencies. And so, of course, the big Facebook Libra news
was them trying to get all of the advantages of a digital
currency for payments. And then in addition, we see China,
the EU and others exploring launching digital currencies of their own. So this year, to me, just reinforce the
economic and the technical support for digital assets. I would like to know from the Altcoin
Dad if there is any specific altcoin, we should look at in 2020,
the most promising ones? There’s a couple. I mean, I mentioned Tezos. I feel that that is a solid project. High market cap. There’s some other coins that
are lower market cap coins that I like myself. The DAG, it’s called Constellation. They’ve recently gone into a contract with the
United States Air Force, which was kind of big news. It’s still at
about 50 million market cap. There’s the older coins, I
like FLO coin, Radium. These are coins that are under a five
million dollar market cap, but have blockchains that are four and five
years old with active development. The liquidity might not be there. They are traded on Bittrex, which
is still a large exchange. And in my eyes, hardworking developers and
projects with hardworking developers with time will pay off. Obviously, in a bear market,
things are going to get sold off. People are going to forget about
them until they’re not forgotten. And then everyone’s gonna brush back
to buy some of these coins. Joe, what do you think about it? Think in terms of altcoins that I believe
will perform well, there’s still a lot of excitement around BNB, Binance’s coin, so that’s
one that has fundamentals and has a strong token economy. They have a lot of reasons that
the BNB asset will continue to appreciate. There’s some investor excitement around Maker as
well (MKR) which is tied to a stablecoin. And of course, as with all
of the volatility that we’ve discussed, stablecoins remain attractive. So those are two crypto assets
that I hear a lot about. But in general, as Donnie you mentioned, with
Tezos and the other staking coins like Cosmos and others, those
are also of interest. I would like to know your price predictions for
the top-3 altcoins for the end of 2019. Let’s start with Altcoin Dad. All right, so the end of the year, I mean,
I think we see Bitcoin still around this range in the next month. I don’t really
see it making a big move necessarily. So, you know, I’ve be somewhat optimistic
and say maybe $8,000 for Bitcoin. And then what? We got Ethereum next. Currently run $144 dollars. You know, right now for the altcoins, I
really don’t see we’re going to see some explosive move here in the next 30 days. I see it going into
first, second quarter of 2020. But, you know, I’ll say Bitcoin
at $8,000, Ethereum at $160. And then looks like, what,
Ripple is number three. You know, Ripple might see a little movement. I’m personally not a fan of Ripple, but you
know, if altcoins go up I don’t see why Ripple wouldn’t either. So maybe
say $0,25 for Ripple. I’m a fan Litecoin. It’s one of those coins
have been around for a long time, again, has a long chain. They’re constantly
trying to do new things. I saw at one point they did want to
implement some kind of privacy function to it, kind of like GRIM like Nimble Wimble I
think is how you pronounce it. But I like Litecoin, I invested in it also. So currently it’s at $44. I can see that, you know, maybe being
$50 here by the end of the year. All right, Joe, what do you think
about altcoins price predictions including also Bitcoin? Absolutely. And maybe this gives me an opportunity just
to quickly show some of the technical analysis. So this is something
we prepared for Bitcoin. I differ from Donnie in that I actually
believe that Bitcoin will end the month weaker than it is now. So right now it’s hovering
at around $7,200 and this $7,200 line has proven kind of a weak support line. There’s only a few times
when it’s hovering around $7,200. But we do continue to see
this descending, various descending triangles. You can see these blue lines. The next support line isn’t really
until just above $6,620 or so. And I believe that we could see it in
the, you know, these lows that it’s already gone to, these lows of $6,800 or
lower going down to there. So Bitcoin I’m bearish on, I believe it will
end the month in the $6,000s, likely the high $6,000s. And then with Ethereum, I believe
it will actually hold its ground sitting at around $144 right now. I think it will hold its ground because
of the strong technical developments and Ethereum is generally undervalued. So a lot more than Bitcoin
has in the last year. And then, you know, with the others that
were mentioned, I guess whether it’s Bitcoin Cash, I would imagine we’ll lose
ground as Bitcoin does or Ripple. I do see that. I haven’t seen a lot
of strong news come out on Ripple recently. So I believe it will lose ground as well. But I just wanted to show this is
why, because of the general descending movement of Bitcoin is part of the reason
we think it will decline. And then also the lower and lower volumes
that we’ve seen, which I don’t think will resuscitate during December. Thank you guys for being with us. This was Joe DiPasquale, CEO at Bitbull
Capital, and prominent altcoin trader, Altcoin Dad. Thank you for watching, and
stay tuned for more exciting content.