## WCN Episode Summary: Bitcoin & Altcoin Trading Talk 21 (2016-01-28)
This episode featured a deep dive into the volatile altcoin market, covering technical platform updates, market analysis, and trading psychology.
The discussion began with technical updates for the Coinagey platform, highlighting the launch of real-time API features that provide push notifications for new blocks across 110 chains, alongside historical data charts. The market analysis shifted to the recent surge in altcoins (like Dogecoin), suggesting that money was flowing back into the market following a Bitcoin dip.
Speakers examined the role of Chinese capital in altcoin pairs, noting that while coins like Ripple and Pi Coin saw gains, established assets like Litecoin and Bitcoin maintained volume, serving as a hedge regardless of hype. The conversation emphasized that crypto rallies are typically rapid but followed by long periods of stagnation. Successful trading, therefore, requires traders to be constantly prepared and utilize open orders to capitalize on quick upward movements.
The session concluded with a warning regarding market psychology and specific coins, cautioning listeners about potential "pump and dump" schemes and the actions of developers.
1) Main Topics:
* Technical updates for Coinagey.com (real-time blockchain data, 110 chains).
* Analysis of altcoin market surges following Bitcoin dips.
* The role of Chinese capital and established coins (BTC, LTC) as market hedges.
* Trading strategy: Preparing for rapid rallies followed by stagnation.
* Market warnings regarding potential "pump and dump" schemes.
2) Key Quotes:
* "Successful trading requires being 'on the ball,' likening it to making hay only when the sun is shining."
* "The altcoin market has 'fuel' for further rallies, comparing the process to compounding assets."
* "Older, established coins like LTC and Bitcoin (BTC) often maintain volume and serve as a form of hedge, regardless of current market hype."
3) People Mentioned:
* William Kale, Rob Borden, Brian Beamish, Alex Sturk (Hosts/Guests)
* Crypto Elliott (Cited for alleged news leaks/questionable projects)
4) Bitcoin Price:
* Not mentioned.