Yesterday I wrote this post on which I wrote that we should consider the option to start a campaign similar to the STEEM POWER UP DAY aka #SPUD but in the inverse way in order to see and quantify what is the effect on the steem PRICE if we manage by at least a couple of weeks to stop feeding the exchanges with fresh STEEM.
I have called it the STOP POWER DOWN MONTH aka #SPDM and I think the effect can be beneficial for every body, including witnesses and whales because if we create scarcity we would have a lot of chances to see STEEM growing at the CoinMarketCap.
Despite I am pretty happy with my list of selected/voted witnesses, I am going to start doing my particular campaign by removing my witness votes from those witnesses within the top 20 that keeps Powering Down.
For your information the following is my current list of witnesses:
I am going to analyse each one of them, if you are within the first 20 top witnesses and you still keep powering down I will remove my vote on you, at least temporary.
It could be great to know as well the opinion of the witness community…hope they comment.
It would be great if more steemians follow also this campaign, if you agree with me RESTEEM would be appreciated.
If you feel like not having time to do a proper analysis and still think that mine is fair , you can also choose me as your proxy that will vote for witnesses for you.
Just, keep using your witness votes doing an important work.
Apologies for the slightly clickbaity heading: I’m playing on the topic of the US China Trade War.
While the Trade War doesn’t directly influence crypto, it surely plays a roll. I believe that as inevitable market crunches loom nearer, so crypto will become ever more attractive as an investment asset – specifically as a high ROI store-of-value. We all know that crypto isn’t as stable as gold, but gold can’t offer the returns that crypto does. Obviously that is bullish for crypto in the long-run.
But that’s not what I wanted to tell you today; today I want to draw your attention
This series is simply being created to show that there is risk in ALL investale assets, not just altcoins and crypto. The recent trend by the government and regulators is that alt coins are exit scams that are being made to raise money and then stealing the hard worked coin from the moms and pops who do not do their do diligence. Well guess what? This is not an isolated incident. ALL INVESTABLE ASSETS HAVE RISK…even the regulated ones…
Noodles and Co.! What a garbage stock. This stock went public in June of 2013 and opened at the STRONG price
The golden cross is a technical chart pattern indicating the potential for a major rally. The golden cross appears on a chart when a stock’s short-term moving average crosses above its long-term moving average. The most famous golden cross, used and monitored by the Smart Money is when the 50 moving average cross over and above the 200 day moving average.
There isn’t a name for when price crosses over and above the 50 day moving average, while the 50 day moving average crosses over and above the 200 day moving average, but it’s statistical significant on the S&P
Ether Zero (Bithumb: ETZKRW) 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, Ether Zero began a wave one advance on February 10. The red wave one finished on February 17, and the red wave two correction ended on February 24. The red wave three advance finished on April 6, and the red wave four correction ended on May 13. If this wave count is correct, Ether Zero should be heading next towards the April 6 peak in the red wave five.
Visa, Mastercard, PayPal and Uber are all backing Facebook’s new cryptocurrency, according to a new report.
The Wall Street Journal reported Thursday that the social media giant has signed on more than a dozen backers for its GlobalCoin cryptocurrency, a stablecoin that has been developed in secrecy for more than six months. Each of the new backers will invest roughly $10 million in the project as part of a governing consortium for the cryptocurrency.
Stripe, Booking.com and MercadoLibre are part of the project, according to the Journal, though the report does not specify what their roles are.
The attack was conducted using diversified techniques including viruses and phishing. According to Binance, stolen funds constituted approximately 2 percent of total BTC holdings of the exchange. In order to prevent user’s funds from being affected and guarantee stable work of the platform, Binance used its SAFU fund to cover the loses. The Secure Asset Fund for Users was established on July 14, 2018 and consists of 10 percent of all trading fees.
Chief Marketing Officer Amanda Gutterman is the latest to depart the ethereum venture studio, according to two sources familiar with the matter. A ConsenSys spokesperson later confirmed that Gutterman is stepping down from her role as CMO.
Gutterman becomes the third executive departure in recent months, with Andrew Keys announcing his new project on June 6 and former ConsenSys Ventures head Kavita Gupta stepping away in May.
The blockchain conglomerate, led by ethereum co-founder Joseph Lubin, emerged from a round of layoffs late last year that brought the company’s headcount below 1,000. The Brooklyn-based firm still plays an outsized role in developing the ethereum ecosystem.
Institutional cryptocurrency platform Bakkt will begin testing its first product, physically-delivered bitcoin (BTC) futures on July 22, the company announced in a blog post on June 13.
Bakkt, which has seen multiple delays over regulatory compliance since its original announcement in August 2018, will offer futures as the first in a series of offerings, full details of which remain unclear.
“On July 22, two days after Apollo 11’s 50th anniversary, Bakkt will initiate user acceptance testing for its bitcoin futures listed and traded at ICE Futures U.S. and cleared at ICE Clear US,” chief operating officer Adam White wrote in the blog post, adding:
“This is no small step. This launch will usher in a new standard for accessing crypto markets. Compared to other markets, institutional participation in crypto remains constrained due to limitations like market infrastructure and regulatory certainty.”
We all know that banks make it difficult for blockchain businesses by denying them access to conventional banking services and accounts. Well now, it seems insurance firms are throwing a spanner in the works for cryptocurrency mining businesses in Africa.
Old Mutual Insure, a pan-African insurance firm, is opting out of insuring the computer equipment used by cryptocurrency mining firms, a local news outlet reports. The insurance firm has taken the decision to refuse insurance, citing the unregulated nature of the industry, and that cryptocurrency is often associated with cybercrime as the main reasons.
So we were not able to break the resistance line at 0.43$ and it created a little rejection towards the next support line around 0.415$. Now we can see clearly we are sitting on this new support line. The important point now is to see in which direction we will go. We could use this support line to do a bounce and break the resistance line at 0.43$ or break that support line and again go in the south direction.
Blue Apron folks. This is your garbage IPO if the day. This company went public in June and 2017 and within its first two years of trading it has lost investors…93.5% of their investment if they bought the opening print. This is a classic example of a garbage company, going public because it needed the money to stay in business. Remember folks there is one main factor that ANY company will go public.m, and that is because of the money, whether a need or a want. APRN is not trading at $0.65.
Restoration Hardware (RH), together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bath ware, décor, outdoor and garden, tableware, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online.Two months ago, RH fell more than 17% on Friday morning after announcing their quarterly earnings that didn’t meet expectations and gave a dismal forecast. At that time, the weekly chart suggested if the weekly demand at $100 is breached, price will drop another
Please click the link below to listen to the 41st 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.
External Podcast Link
https://www.podbean.com/eu/pb-f9c4m-b48002
Transcript
Two Minute Crypto – Riding the Bull Part 3 of 5
Welcome to Two Minute Crypto this week continues the
discussion of how to maximize your returns during the next bullrun. The last episode
focused on planning and its primacy in determining successful trading or investment
outcomes. Today the related concepts of discipline and rule sets are examined.
Discipline
As either a trader of investor discipline should underlie
each
ETH seen from the temporality of 1W we can observe how the previous candle has closed below the 259 support, the current candle is testing the horizontal now covered in resistance, I have indicated a support in the 196 because if the candle does not succeed in claiming the support, it is very possible that the price will fall towards that point to find bullish impulse again and pass the resistance without any problem.
ETH seen from the temporality of 1D we can observe more closely what is happening in the current candle structure, the previous candle managed to close above
