Interesting read about the mainstream adoption of cryptocurrencies and about the big players starting to get involved.
https://hackernoon.com/facebook-and-crypto-what-you-need-to-know-for-2018-6bcd71794853
https://hackernoon.com/facebook-and-crypto-what-you-need-to-know-for-2018-6bcd71794853
Hackernoon
Facebook and Crypto: what you need to know for 2018 | HackerNoon
You don’t become one of the most powerful companies in the world by getting left behind.
⬆️ One of the reasons that created the panic selling yesterday. FUD still controls a lot of the market and a lot of inexperienced traders fall for this type of stuff.
If you actually think about it, if something happens to USDT, that will be good for cryptocurrencies because all that new money will flow into BTC and into alts.
If you actually think about it, if something happens to USDT, that will be good for cryptocurrencies because all that new money will flow into BTC and into alts.
⬆️ Interesting graph showing when the real money are made by the wise guys, and when they're lost by the naive ones. Nice way to look at wealth distribution in trading.
It also shows how decisions based on emotion can have a huge impact (usually a negative one) on the results a trader/investor has.
You can learn a lot just by simply looking at this graph and understanding it.
It also shows how decisions based on emotion can have a huge impact (usually a negative one) on the results a trader/investor has.
You can learn a lot just by simply looking at this graph and understanding it.
"US Senate hearing on regulating cryptocurrencies. Here are the key takeaways so far:
- The regulatory offices have a hiring freeze right now, so budget is very constraint (suggests no need to create a department just for crypto regulation/enforcement)
- They already have a team in place, made of economists and technology specialists, which are researching crypto and already made progress on preventing scams. Suggests it's enough for now and further regulation is not necessary.
- Main issue are ICOs and scams. The chairmen said they are working together on preventing scams and have already enforced non-crypto related laws in this regard.
- Bitcoin should not be considered a security, but rather a commodity, one of the chairman even refers to the term HODL and what it stands for, says it's used primarily as a store of value. Says his 30-year old niece holds Bitcoin.
- When asked about whether there's an intrinsic value to BTC, one chairman said that while he can't understand the details, there seems to be intrinsic value linked to the underlying technology of Bitcoin, not just market demand.
- Blockchain and cryptocurrencies are linked and strict regulations on crypto could stomp tech progress.
- Crypto has an utility on a larger scale and not just for trading.
- The crypto market is very small scale and needs time to develop, to see if regulations are in fact needed.
- On educating potential investors, chairmen say the crypto community is educating itself and understand the risks, (they say the community goes to libraries to research Bitcoin).
- One senator talks about the recent Coincheck hack. Chairmen replies that their authority is limited, since foreign exchanges could be used. It's a gap, but it doesn't fall under SEC/CTFC regulation.
In general, in regards to regulation, the answer is that it's inconclusive. It might be needed, but for the moment there's no threat due to the lack of maturity of the crypto market."
- The regulatory offices have a hiring freeze right now, so budget is very constraint (suggests no need to create a department just for crypto regulation/enforcement)
- They already have a team in place, made of economists and technology specialists, which are researching crypto and already made progress on preventing scams. Suggests it's enough for now and further regulation is not necessary.
- Main issue are ICOs and scams. The chairmen said they are working together on preventing scams and have already enforced non-crypto related laws in this regard.
- Bitcoin should not be considered a security, but rather a commodity, one of the chairman even refers to the term HODL and what it stands for, says it's used primarily as a store of value. Says his 30-year old niece holds Bitcoin.
- When asked about whether there's an intrinsic value to BTC, one chairman said that while he can't understand the details, there seems to be intrinsic value linked to the underlying technology of Bitcoin, not just market demand.
- Blockchain and cryptocurrencies are linked and strict regulations on crypto could stomp tech progress.
- Crypto has an utility on a larger scale and not just for trading.
- The crypto market is very small scale and needs time to develop, to see if regulations are in fact needed.
- On educating potential investors, chairmen say the crypto community is educating itself and understand the risks, (they say the community goes to libraries to research Bitcoin).
- One senator talks about the recent Coincheck hack. Chairmen replies that their authority is limited, since foreign exchanges could be used. It's a gap, but it doesn't fall under SEC/CTFC regulation.
In general, in regards to regulation, the answer is that it's inconclusive. It might be needed, but for the moment there's no threat due to the lack of maturity of the crypto market."
We don't want to jump to conclusions right away, but overall, it seems like they definitely want to give cryptocurrencies and blockchain technology in general a fair chance to prove itself.
A lot of people consider this as being good news, including us, hence the bullish market and nice growth we're seeing today.
A lot of people consider this as being good news, including us, hence the bullish market and nice growth we're seeing today.
USA let us know a few days ago that they want to give crypto a chance, now Europe does it too. Interesting months ahead.
https://www.ccn.com/european-banks-soon-hold-bitcoin-admits-ecb-president/
https://www.ccn.com/european-banks-soon-hold-bitcoin-admits-ecb-president/
CCN.com
European Banks Could Soon Hold Bitcoin, Admits ECB President
The president of the European Central Bank has publicly stated that European banks could hold positions in bitcoin after developments such as Bitcoin futures contracts listings by US exchanges.
One step closer to mainstream adoption. Slowly but steady.
https://www.trustnodes.com/2018/02/10/coinbase-launches-paypal-like-plugging-ethereum-bitcoin-bitcoin-cash-litecoin
https://www.trustnodes.com/2018/02/10/coinbase-launches-paypal-like-plugging-ethereum-bitcoin-bitcoin-cash-litecoin
Trustnodes
Coinbase Launches a PayPal Like Plugin For Ethereum, Bitcoin, Bitcoin Cash and Litecoin – Trustnodes
All the latests news on Crypto, Blockchain, Bitcoin, Ethereum, Tokens, ICOs, Fintech, and more.
Remember that BTC is king, it will be hard to get dethroned, even by strong projects such as Ethereum. Hold it and you will not be sorry.
COIN: SLR (Bittrex)
Entry point: 0.00004350 - 0.00004800
Take profit: 0.00005450 - 0.00007450
Period: > 2 weeks
Entry point: 0.00004350 - 0.00004800
Take profit: 0.00005450 - 0.00007450
Period: > 2 weeks
In our previous analysis, we had recommended booking profits on half positions around the $10,700 mark and trailing the rest because a breakout of the $11,400 to $12,200 resistance zone will complete an inverted head and shoulders pattern, which will be bullish for Bitcoin.
BTC
Currently, the bulls are attempting to break out of the descending channel and move towards the neckline of the inverted H&S pattern. The moving averages are on the verge of a bullish crossover.
All of this indicates that the bulls have an upper hand right now. Hence, chances are that the price will continue to rise in the ascending channel. The BTC/USD pair will gain momentum above $12,200.
However, as traders, we have to be ready for any turn of events. If prices fail to break out of $12,200, chances are the cryptocurrency will become range bound between $9,500 and $12,200 for the next few days.
Therefore, traders should watch the price action at the $12,200 mark carefully and book profits if they find that Bitcoin is not able to break out of it.
BTC
Currently, the bulls are attempting to break out of the descending channel and move towards the neckline of the inverted H&S pattern. The moving averages are on the verge of a bullish crossover.
All of this indicates that the bulls have an upper hand right now. Hence, chances are that the price will continue to rise in the ascending channel. The BTC/USD pair will gain momentum above $12,200.
However, as traders, we have to be ready for any turn of events. If prices fail to break out of $12,200, chances are the cryptocurrency will become range bound between $9,500 and $12,200 for the next few days.
Therefore, traders should watch the price action at the $12,200 mark carefully and book profits if they find that Bitcoin is not able to break out of it.
What we're seeing right now is called the "Accumulation" and "Consolidation" phase.
The correction is over. People are accumulating their favorite coins and the market is slowly but safely consolidating, building a new foundation in this area that we're in right now (BTC $10-11k, and overall crypto market cap $400-450B).
In other terms, the crypto market is refueling and getting ready to start a new bull run, which may come within the next few months.
The correction is over. People are accumulating their favorite coins and the market is slowly but safely consolidating, building a new foundation in this area that we're in right now (BTC $10-11k, and overall crypto market cap $400-450B).
In other terms, the crypto market is refueling and getting ready to start a new bull run, which may come within the next few months.