PlusOneCoin (PLUS1USD)

[stocktrademan]

I was experimenting with some graphs comparing PlusOneCoin to Bitcoin to see if they are similar. It is true right now that PlusOneCoin is just starting out and can be volatile as single traders on the exchange can still make the price move wide temporarily. But what I found is that it nearly matches the movement of Bitcoin. Look at the following one minute charts, interesting.

The common thing between them is the US Dollar, so this means these cryptocurrency's go up when the dollar decreases in value relatively.

The following is a reach but interesting to consider...

The US Dollar decreases in value if the interest rates decrease. This is because foreigners want high interest rate returns when they buy currencies. Low interest rates make currencies not pay a lot so they avoid them otherwise.

If the interest rates decrease then bond prices increase, meaning people are buying bonds as a flight to safety.

So cryptocurrencies are a form of bonds?
Are cryptocurrencies a short position on USD/JPY?
So cryptocurrencies are like buying Japanese Yen or buying their stocks?

I have already observed that it seems the stocks of these cryptocurrency companies in the near term go inverse to the price of bitcoin.

Are cryptocurrencies a form of a volatility VIX style indicator for cryptostocks?

Inquiring minds want to know I guess...haha

One thing I have noticed is that these cryptocoins work really well with indicators, very smooth and can make good percent moves. They're like penny stocks in a way but have a forex component, the largest most liquid market in the world.

I plan on being more active trading them soon, there still is a lot of time until then. I want to see the exchange mellow out with the jumpiness, perhaps this will be late spring or summer...maybe less time is required, will have to observe...