Cryptocurrency enthusiasts are 20 months beyond the greatest bull-run in crypto-history, with all time highs recorded and reported for nearly every single existing alt-coin and Bitcoin available at the time. Fast forward to April, 2019; Brazil starts to buy Bitcoin en masse, on the heels of Venezuela opting for Litecoin just a few months earlier, as South American currencies experience waves of inflation on the global stage, driving no-coiners to the market at scale for a brief period of time. Cryptocurrency, seen as a safe haven against the politics of government-run fiat currency problems, is one of the best, if not the best, use cases for immutable digital-currency. Bitcoin and Litecoin saw monumental bounce backs from the market downturn of 2018. Bitcoin is up nearly 400% in 2019, Litecoin hitting triple digits for the first time in what seemed like forever, and people all around the crypto-sphere start chanting “altseason, altseason… bull market”, but where’s the new money? Where’s the consumer adoption? Outside of the BRL and Venezuela in theContinue reading »

There has been a considerable amount of chatter in the cryptosphere in regards to the return of “Alt Season”. Undeniably, there has been a noticeable increase of consumer interest and sentiment for cryptocurrencies. However, we are of the opinion that this Alt Season isn’t going to happen the way everyone thinks it is. There are two main reasons for our negative outlook on Alt Season: Technological Development and Adoption Macro Economic Influences In this report, we will explain what Alt Season is, why people think Alt Season happens, and why it likely will not happen the way people expect in 2019 and beyond. What is Alt Season? It is generally agreed upon that “Alt Season” is defined as the period in which the majority of alt coins rise in BTC and USD value quickly, and outperform BTC in terms of price action. We have seen this phenomenon many times throughout the history of cryptocurrency trading, but very few understand the driving force behind it. There has been one main AltContinue reading »

Disclaimer: This is the result of research done from the outside only. We have not interviewed anyone internally, nor do we have any solid proof from individual portfolio accounts. We are merely raising the question from a compelling stack of evidence as a result of mounds of comparative analysis for activity in the market for the last 24 hours. Edits have been made of our own volition to help improve the accuracy of the conjecture surrounding our findings. The data and conclusions still stand that these market movement anomalies originated from Bittrex.com in some fashion. Whether it was an “inside job” or someone executed a manipulation from the outside is not going to be determined by SynQ I/O. We leave that to the journalists. It has been one very convoluted morning. A large number of alts found themselves in the gutter within the last 24 hours, and very little of the volume was seen moving to BTC as we all expected. The usual pattern during the last BTC hard fork found tradersContinue reading »