Obviously that’s a generalisation and there are exceptions to every rule. But sadly, it has been my experience that traders do not understand crypto investing. This post explains what I mean.
Old Bit Brain followers may recognise this topic. I’m not speaking about it for the first time, though I’ve never written a dedicated post about it before (at least not one which I remember!) This is a topic which usually ends up being debated in the comments sections of posts.
I ended my post yesterday with this statement:
If you are an investor then please do not follow the advice of traders
Ive seen some backlash from folks about STEEMIT.INC adding ads to their site. While i can understand that people might be pissed about it, i see this as a good thing. I usually have my adblock on (The Brave browser works slow for me) but in the case of Steemit i decided to turn it off. Not only did i turn my ADBLOCK off, i also made a promise to myself to click at least 1 ad a day in case the advertiser opted for a CPC advertising model (Cost per click) instead of a CPM model (Cost per 1000 impressions).
Look, i know Steemit.inc messed up and that its their fault and their fault only that they are in a position they are now. But now is not the time to keep hammering on that point… Repeating the same thing over and over again. Whats the point of that?
Its time to help any way we can. I cant code nor am i one of the cool kids that can get their voice heard by Steemit.inc and affect change that way. I cant do any of that and neither can most of us here….
But dammit, i can click on a ad couple times a day and help out that way!
I know a lot of people are emotional right now and that Steemit.inc is an easy target. I also know everyone is waiting for some miracle community effort.
The community needs to come together!
(I cringe so hard when i hear this platitude repeated over and over again, haha)
How about we just click the damn ads few times a day for a start? How about that as an idea? Thats a concrete thing you can do for Steem and the best thing of all is that you can do it right now, by yourself… Go do it now!
By helping to keep Steemit.inc afloat youre (hopefully) affecting Steem development in a positive way.
The crypto market sprang back to life with bitcoin’s surge to nearly 5-month highs yesterday. But why?
To those who have been paying attention to the charts, it shouldn’t come as a surprise. The leading cryptocurrency by market value jumped nearly $1,000 to $5,080 in a 60-minute window early on Tuesday, confirming a transition from bear market to bull market that it had been signaling for some time.
In fact, after a year-long bear market, savvy traders were waiting on a trend change that would gain credence if and when prices established the most basic of all bullish technical patterns – a higher low and a higher high on its weekly charts. (A higher high would have been confirmed above $4,236.)
The U.S. Securities and Exchange Commission (SEC) has published fresh regulatory guidance for token issuers, nearly half a year in the making.
The guidance focuses on tokens and outlines how and when these cryptocurrencies may fall under a securities classification, according to the document.
SEC Director of Corporation Finance William Hinman first revealed that the regulator was developing new guidance for crypto tokens last November, and other members of the agency, including FinHub head Valerie Szczepanik and Commissioner Hester Peirce, have repeatedly said that SEC staff was working on the document.
In November, Hinman said the “plain English” guidance would help token issuers easily determine whether or not their cryptocurrency would qualify as a security offering.
The number of active Bitcoin (BTC) wallets increased in the two weeks leading up to the recent cryptocurrency surge, Bloomberg reported on April 3.
Citing market intelligence firm Flipside Crypto’s analysis, Bloomberg reported that a high number of digital wallets holding Bitcoin became active two weeks before the cryptocurrency market rally. Bitcoin skyrocketed on April 2, gaining 15 percent over the night and pushing over $4,500 for the first time this year.
According to Flipside Crypto, 40 to 50 percent of all Bitcoin had been held in digital wallets that were inactive from one to six months, while the average has reportedly been 10 percent since March 15. Eric Stone, co-founder and head of data science at Flipside Crypto, said that “there are more people warming up to the idea of buying Bitcoin.”
According to personal finance firm Credit Karma Tax, filers who reported short-term capital losses for cryptocurrencies in the first month of 2019 jumped fivefold year-over-year. After the incredibly bearish crypto markets of 2018, data from early tax filers highlights the fact that more investors are claiming losses this tax season. However, a survey the company recorded back in November found that the number of people deciding not to file crypto taxes has increased.
During a livestreamed Q+A yesterday, Coinbase CEO Brian Armstrong was asked about “the most ambitious thing Coinbase wants to do in the next five years.” He answered that he hoped his company would “like overthrow some corrupt dictators in the world.” It’s a fine sentiment (spotted by Mashable)—though hard to square with Coinbase’s very recent acqui-hiring of a team of midnight-black hackers who made their bones helping dictators target dissidents worldwide.
The creation and distribution of ZNN is made through the ZX algorithm that follows a supply demand pattern.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
We finally broke the resistance line at 0.49$ but I think we will go test soon that line to see if we can use it as support line. We can see lot of indecision in the last candles so I expect a correction to go test back that line which should be a support now around 0.49$.
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Almost three weeks ago, I talked about the demise and the end of GameStop.
GameStop…Is The Next Blockbuster
My personal opinion is Gamestop is dead to me. I think in the coming years, the stock price is going to $0.
Netflix went digital and ended Blockbuster’s physical distribution reign.
Source Image
The same thing is happen with the distribution of games. Microsoft plans to offer digital downloads at significant discount over the physical version. Sony introduced PlayStation Now, an on-demand game-streaming service that promises to deliver old PlayStation games over the Internet. And because this form of distribution is cheaper, Sony and Microsoft can sale
Please click the link to listen to the 33rd episode of my weekly crypto podcast ‘Two Minute Crypto.’ These are intended to be short, single-topic ramblings on some aspect of the cryptosphere. Comments and critiques welcome.
Welcome to Two Minute Crypto. Well, two friends of mine have dropped back in after a long absence. Volume and volatility. These guys are often inseparable though volatility seemed to drop off the radar for a while there. Anyway, they are back together.
Ok, back to business. The twin metrics of volume and volatility have returned to the crypto market.
Ahhhhh! How I love this market!!! So emotional and intensive!
Just a three days ago I posted a projection of the total market cap that has become reality right now, we have reached 184 Billion USD. And this is the chart I posted:
Seems that a very big order was placed to buy
BITCOIN just at the Neck level and after the spontaneous long candle,
the rise is kept sufficiently strong to accomplish the target here…
What to do now? Should I sell some profits, should I do nothing? should I buy more?
Whatever the answer now is an “unknown” but I am going
I have no idea why. It is super irritating sometimes, but its the same story, same game. Steem seems to always lag while other alts are making gains and seems to go when other alts stop going. It never fails. Right now it has gone nowhere while LTC and EOS have rallied 50+%, but the chart looks promising.
It is time for Steem to play catch up. If Steem were to catch up to the other alts and their gains, you are looking at Steem to $0.75 easy! This is the place where most of all crypto finally broke down
The magnet is there now folks. The $100 magnet will commence and likely at least make someone pay this on this leg up. I have seen crazier things happen, so I would not be completely surprised if it blew right through it again. (I do not think it does on the first test).
The relative strength from LTC has been present for months and have been highlighted in multiple of my posts over the last 8 weeks. and it has proven once more, relative strength WINS AGAIN. LTC has ripped in 48 hours from 60 to 90+ up over 50%.
Ive been trying to decide for a while how to photograph this fence post so i thought i’d take a couple of test shots on my iphone. Hoping to stimulate ideas and decide whether to take it into the studio and photograph it with studio lights…
