A week ago I spoke about holding off my March BTC buy a little longer. So far this looks like a bad decision on my part (and is why one should always DYOR and never follow someone’s suggestions blindly – even when that someone is me!). I suggested this BTC price movement (seen below) – which has not happened. The false peak of late February caught me out and threw my analysis.
Fortunately I knew that I may be making a mistake at the time (so I wasn’t completely wrong) – and planned a contingency analysis scenario. In that same post I also published this
Hats off to the lucky ones, the crypto investors who bought <abbr title="
A type of cryptocurrency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. This term may also be used to reference either the network, protocol, or actual cryptocurrency.
“>bitcoin before market prices began to slide in January 2018. Many did nicely, converted some of their holdings to <abbr title="
Government approved currency (dollars, euros, etc.) that isn’t backed by a physical commodity (gold or another commodity).
“>fiat, and retained a sizable pile as a long-term bet.
Now what? How about earning an attractive interest rate on a small portion of those holdings by converting it into fiat and lending it out on a short-term basis to crypto holders who are underwater? Sure, there’d be taxes to pay on what is technically a securities <abbr title="
A transaction is a particular action that takes place on the blockchain. In a currency, the dominant transaction type is sending currency units or tokens to someone else; in other systems actions like registering domain names, making and fulfilling trade offers and activating contracts are also valid transaction types.
“>transaction. But what if the interest received is lucrative enough to put that concern aside?
There are a number of crypto lending sites that stand ready to help. Most of those we reviewed charge borrowers interest in the 12-to-22 percent range. The implication is that the borrower is better off with them than a credit card cash advance, which could cost 25 percent or more on an annualized basis. The pitch may also appeal to an individual lender who disdains short-term crypto trading and believes their digital assets will pay off over a long-term investment horizon.
Singapore government-backed blockchain accelerator Tribe has gained BMW and Intel as two major strategic partners, local English-language technology news outlet Tech In Asia reported on March 22.
Tribe, which began operations late last year, is the brainchild of Tri5 Ventures, a venture capital firm aiming to support later-stage startups.
Existing partners of the scheme include PwC and South Korean blockchain network Icon Foundation.
Jesse Edwards, one of the co-founders of R3, has left the enterprise blockchain company, CoinDesk has learned.
Edwards, a former Sandler O’Neill investment banker, helped found R3 back in 2014 with CEO David Rutter and ex–Standard Chartered executive Todd McDonald.
In a statement provided by R3 to CoinDesk, Edwards said:
“It’s true that my work here is done and it is time to move on. This has been one of the best experiences of my professional career, and I am incredibly privileged to have worked alongside such a talented and passionate team in building this business. R3 has broken away as the market leader and standout partner of choice for professionals looking to apply this technology to their industries. I couldn’t be prouder.”
In the good old days when bitcoin was the only “cryptocurrency” around, life was much simpler. Then, a few other “currencies” came along, followed by ICOs and things rapidly got much more complex.
Somewhere along the line, folks started paying as much or more attention to the technology underlying bitcoin as to bitcoin itself. Distributed ledger technology (DLT) or the “blockchain” suddenly became household words (well, with slight exaggeration…).
In the roaring months of 2017, crypto pundits, analysts and funds developed various taxonomies of the rapidly diversifying crypto space: exchange tokens, utility tokens, payment tokens, asset-backed tokens, etc. (My personal favorite was Tetras Capital’s, but there were many.)
On March 23, the Twitter handle @Bitcoin became mired in controversy after BTC supporters complained about the account and attempted to get the profile shut down. The operator of the Bitcoin Twitter profile has also accused the social media platform of manipulating matters by placing restrictions on the account and limiting its overall traffic.
The owner of the Twitter handle @Bitcoin believes the account is being restricted for being critical toward the Bitcoin Core (BTC) network and the Lightning Network (LN). Over the last few weeks, several BTC supporters have advocated having the account suspended or reassigned to a group of core developers.
“We are delighted to announce that the Incorporations Marketplace will launch on the 25th of March”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
Today, we saw the start of a nice UP on the STEEM, we even broke the resistance line during some hours but unfortunately, the BTC starts to drop and it stopped this nice move. We are now back just under the resistance line and the market is waiting to see in which direction the BTC will go.
In this episode our guest Rav Altman, Liberland Representative to the Caribbean, discusses:
1) How he began his Liberland journey by reading a Hebrew newspaper 2) Liberland in the Olympic Games 3) Liberland recognition from the State of New Jersey
Theresa May could be forced to quit as prime minister in the next few days with a number of her most senior ministers lining up a temporary replacement to the lead the country through Brexit.The Cabinet has turned against May and is urging her to stand down, Sunday’s editions of the Times and the Mail both report, after a week which saw the Brexit crisis worsen and her relationship with MPs hit rock bottom.The prime minister angered virtually all sides of her Conservative party and the House of Commons as a whole this week when she blamed MPs for the
TIMM (Traders’ & Investors’ Mentor Market) provides the tools analysts need to share their insights in a central location, TIMM becomes a market where traders and investors can shop for the insights they’re looking for.The Trading Pits are, in some ways, the main meeting place for TIMM. Here you will see folks sharing insights and asking questions about markets.
Commentary from this past week includes:
The DOW futures nearly down 300 points, the only quality demand I see is the 60 min demand level at 25600, another 100 pts lower.
The Russell futures trade got away from me, taking
It’s great seeing all the development going on in the #blockchain world. Today @Liberland_org, a newly founded country, gave a talk on how they plan on using #EOS to handle country operations from land registry to referendums. Talk about code being law!
Exactly as mentioned denial clinging on. On 4hr chart, stoch on the lower band and maybe some breather space needed before making room for further down move. Possible upside wick again to trap. Consolidation room getting tight and lesser, next move in 1-2 days time.
On weekly it tell another story, if it hold and close above the week open of 3966, making path for possible TD9, maybe maybe we will have the formation of the big ascending triangle with baseline around 4250 zone.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :116
Total marketcap :140
Dominance
The US Fed held the target for the benchmark rate steady at 2.25% to 2.50%. Fed Powell indicated no rate hikes 2019. With rates potentially at their peak for this cycle and future GDP projections declining slashed, this recipe could spell trouble for the bank stocks.
Typically, financial entities like banks, insurance companies, brokerage firm generally benefit from higher interest rates. Increases in interest rates, mean the economy is doing good. Banks make loans to borrowers at a higher rate than non-performing assets such as savings accounts and CDs and profit from the difference. However, in an environment in which the
For all those that are pissed of at Drug Wars, there might be something that might change your mind a bit.
Drug Wars just did an airdrop of their FUTURE tokens.
Click to claim FUTURE tokens in your Obyte wallet
What you need to do to claim these tokens is to get a Obyte (Byteball wallet). If you participated in the airdrop couple months ago you should have one already linked to your account through the STEEM attestation bot.
If you do not have one, download it here. https://obyte.org/
YOU WILL HAVE TO HAVE AT LEAST A LITTLE BIT OF BYTES TO DO THE CONVERSION.
Once you received your FUTURE tokens you can convert them to “GB” by clicking on the CHAT and adding the “Exchange bot”. From there you need to find a exchange if you want to sell the GB for STEEM. Options are Bittrex or Upbit.
How much FUTURE you get depends on how much you spent in the game (from what i can see).
If you have 10000 FUTURE tokens that is worth around $55
So dont miss out. Or you could keep the FUTURE tokens and see if they go up in price.
You never know. You probably never expected that you will get your money back, but here it is. haha
HitChain (Huobi: HITUSDT) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, HitChain began a wave one advance on December 8, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 24, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on February 7 this year. If this wave count is correct, HitChain should be heading next towards the December 24, 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
HitChain hopes to surpass GitHub as the largest open-source platform by applying blockchain technology for a
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