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January 17, 2018 | Today’s Crypto Lottery Winners: TeraCoin +579%, EMV 384%, Newbium 234%

Mike 'Mish' Shedlock

Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.
The major cryptocurrencies were down earlier today but have since bounced. Like yesterday, there are some huge winners.

Another Dead Cat Bounce?

The cryptocurrency overall bloodbath reversed a bit today.

Nineteen of the top twenty cryptocurrencies as compiled by Investing.Com were in the red as I started this post(shown below).

In the time it took to finish this article (primarily looking up cryptos I never heard of), most of the major cryptos went into the green for the day.

Is this another dead cat bounce or the start of a reversal? No one knows, but I suspect the former.​

Like yesterday, there were some huge winners.

Crypto Lottery Winners 2018-01-17

Your winning numbers in today’s CryptoLottey are: 1410, 452, 736, 731, 230. The tiebreaker is 687, drawn randomly from a pool of winners.

TeraCoin

If you bought TeraCoin yesterday, congratulations! You are up 578%, assuming you can cash out. If you bought a week ago you are up 50%. If you bought prior to that, you are likely underwater, and massively so.

By the way, note the volume and market cap at roughly 0%. Today’s trading was on the order of $200.

Ethereum Movie Venture

The Ethereum Movie Venture coin likes to bounce from a range of $0.06-$0.20 to $1.00-$2.50. Total trading volume in the past 24 hours was under $2,000 so don’t expect to buy big or cash out big.

NVO

One look at the NVO chart suggests it’s headed for a crash. Its trading volume today was about $25,000.

Newbium

Newbium is another amusing crypto. It’s 24-hour trading volume was about $500.

Medium of Exchange?

Forget about it.

Be Careful of What You Wish

Mike “Mish” Shedlock

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January 17th, 2018

Posted In: Mish Talk

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