I am recommending the Token Pocket App as the wallet of choice here. I have been using EOS Lynx and you can actually create an EOS account for $1 on lynx, HOWEVER Token Pocket allows multi chain and I can view my EOS account and my ETH account. This is big for me as I hold BAT and I can view it all from one place.
I believe I will be using this wallet going forward. I will still keep the others on hand but this one’s presently takes the cake!
We often want it so badly that we ruin it before it begins – Random quote.
Yes! It another beautiful day in the fantasyland of cryptocurrency. As a common saying goes ‘a single day is like a month in the cryptoverse’. Personally, I strongly disagree with this during a bear market as the frequency of time you get to keep on checking your portfolio decrease significantly. Well, maybe day-traders won’t agree on this but this is the reality when it comes to investors and swing traders.
With the recent positives about a bull run being around the corner base on past weeks price spike; I think this saying kind of tally when the bulls are in their full burst. Tempo is raised, a subconscious alarm is set to get up from the bed as earlier as possible, urgency and emotions overshadow the sense of rationality and calculated move/risk.
Cryptocurrencies price are very unpredictable to forecast and require some bit of luck or would it be appropriate if I say “patient”.
I think it more of the patient. Like many investment legends would say: most successful trades are executed after a long waiting period when an opportunity just turn up out of the blue. Don’t take my generalized text for it.
Jesse Livermore has something to say regarding this.
After spending many years in Wall Street and making and losing millions of dollars I want to tell you this: it was never my thinking that made the big money for me. It was always my sitting. Got that? My sitting right!
Source
So what exactly am I trying to point out from this chunk of words? Note – I am no near the position of giving advice on this but if you would take from the word of experts. Then, I think “Patient” is what I could call the action word that sums up this opening context.
Patient; when those bulls are on a fast run so you could make calculated move to dodge their sharp horns.
Patient when the charge upward is so fast your two legs can hardly keep to the ground.
Patient to see the clear picture and determine if the trade is right for you.
Patient, Patient, and Patient!!!But that doesn’t mean the sense of urgency should be lost. Time is essential after all.
Alright.
Let dive into today’s digest.
The pressure to delist BCH SV got more intense as more influencers are bashing on Craig Wright Satoshi claims.
Some of the exchanges research show to be involved with fake volume.
This project claims to enable the use of Lightning Network by the masses in the foreseeable future.
Jamie Dimon testifies about blockchain, cryptocurrency, and consumer security. https://youtu.be/cwDVjIRkklU
A very positive tweet about the unrestricted fund transfer using cryptocurrency.
CZ annoyance about Craig Wright claims got really severe.
There is no doubt Ethereum up the game to another level entirely. As much as the introduction of its smart contract brought about many use cases never thought before. Ethereum suffers from huge scalability problem that befalls its predecessor “Bitcoin”.The limitation to scaling according to the fair demand puts the system in a very tight spot of being continually widely used. It would have been the perfect option to tackle this problem right from the core system design, but what is done is done.
In other to remedy this challenges Ethereum is now considering several smaller hard forks.Read the in-depth news on Cointelegraph.
Only goodness can imagine how much crypto wealth has been lost into oblivion, somewhere on the block(s) of a blockchain but which can never be moved or spent again because of the death of the owner whose private key was buried on the surface of the earth along with him/her.
Cryptocurrency is gaining more and more popularity as a financial tool with different purpose of acquisition, which may be as a payment means, a store of value or long time investment.
People are starting to realize how difficult it is to be pass on without the access to the private key(s) which is generally advised to be kept secret and at different locations making it even more difficult to be discovered by a kin.
One of the fascinating characters of humans is the ability to always making efforts to remedy a problem. Now, many projects are coming to the surface to tackle this issue.
In the news – this project allows crypto inheritance in particular BCH to be passed on to kins. Read about the exciting project now on news.bitcoin.com
Formal engineering executive of PayPal and Google to join the team of the more-awaited Bakkt platform.
Impact of Telegram and Facebook cryptocurrency coins on mass adoption and finance.
Blockstack – a decentralized computing network applied to the U.S securities and exchanges commission to launch a $50 million token sale.
China share plans to curb the mining industry within her region, how will this affect the industry?
Coinbase senior executive is quitting his job after being with the company since 2015.
This digest concludes at this point. Endeavor to always surf around media and discussion rooms to keep up to date.
Thanks for your time reading the digest. Remember to visit my blog tomorrow for another interesting digest.
Cheers 🙂
Disclaimer
The contents of this post are intended for information purpose only and should never be taken as an investment or trading advice. All information contained herein is linked to their respective sources without being taking word for word except in quotes and references.
It has been four months since my last post but don’t worry, I’m still here and I never left. I never stopped writing, I was just (professionally) writing elsewhere. And, of course, the last few months have been a drain on all of us, myself included. Still, we continue on a positive path with Bitcoin and crypto. These past few months have been accummulation for many people, including myself, and the question is now where to go from here. Did we enter the new Bull Market, or is this the Sucker’s Rally that I have been expecting for months now? Or, worse yet, do we still have more capitulation on the horizon?
I never left, never powered down, and still highly optimistic about the space! More than ever before, in fact. Sometime last year, I decided to actually pursue a career in crypto because of it. My blog on Steemit turned out to be a great addition to my portfolio and it landed me a freelance job at a (non-English) crypto-news website. I’ve been writing articles there for a while now which I highly enjoy. Unfortunately it has cut down drastically on my free time and as such my blog on Steemit has suffered some serious neglect! I plan to change that, though, starting today.
We’re at the most dangerous place and time possible: The intersection between Denial and Hope. It’s the most dangerous time because inherently it is impossible to foresee whether it is a case of Denial or a Sucker’s Rally. Everybody still in the space knows that a bottom will be found – at some point or another. It is now a matter of finding out where. There’s essentially three ways this can go: 1) The bottom was in at $3100 and we will soon break through $6000 and above to start a new bull-run 2) The bottom was in at $3100 and we will never drop below it but remain trading sideways below $6000. In this case we will likely retest $3100, or slightly above it to set a higher-low, in a few weeks/months to confirm the bottom. After that the new Bull-run can commence. 3) The bottom at $3100 was a false bottom, capitulation didn’t actually happen yet. We’ll not break $6000 and instead will eventually go back down to $3100 where it will not find support. This will trigger the true capitulation move that will bring us to a much lower level which is where the true bottom will be found. These three paths mean that it is highly risky to be buying Bitcoin right now if you don’t have steady hands. In two scenarios there is further downside potential and in only one scenario will it play out well and profitably. The distance between the current price and a price of $6500-ish is also small enough that adequate risk-management would encourage to instead wait to see if Bitcoin can break above $6000-$6500 first before buying. This removes most of the risk, even if it means sacrificing some gains. Considering most investors are rather risk averse, I believe the above may steer Bitcoin away from the possibility of breaking through $6000 anytime soon. There’s just more risk and strategically it plays better out to wait. This will decrease momentum and without it I do not believe Bitcoin can break through a crucial resistance level such as $6000. More likely do I consider scenario 2 and 3, which means that we’re not out of the woods quite yet. It means months more of waiting and accummulating slowly, which is either good or bad depending on how much in a rush you are.
Of course, the inherent psychology of the Denial stage may very well mean that I am suffering from this Denial right now. The market has a tendency to inflict the most amount of pain to the most amount of people. In the Denial stage that means that when all of us are waiting for Bitcoin togo lower, it might just do quite the opposite and shake out many people waiting for a price that may never come. In the end it is a psychological battle between FUD and FOMO. On one hand you could get more BTC if you waited. On the other hand, that might end you up with less BTC if it turns out to never happen and you are forced to buy in at a higher price. At what point does it become more of a risk, and less of an opportunity to wait on a further price drop? We’re going to have to wait and see. The real time to buy BTC was in the past 3-4 months, and congrats if you did. We may get a better chance to buy at an even better price, but without certainty of that happening it is rather essential to have built up a position prior. Still I have no quarrel buying at $5K either. If we drop lower than that is too bad, but on our way back up we will eventually pass this level again – and I expect I will be buying then at the same price just the same. If you think Bitcoin will eventually be much higher and you plan to hold for years to come, there is no problem at all with ensuring that you don’t miss the boat.
As for my current outlook on the future paths that may unfold, I present to you my Tradingview chart. It is the Bitcoin price on a log chart. The scribbles I m made are not scientific nor entirely accurate, but it outlines the general path that I expect Bitcoin to take. By my estimation new ATH’s should be established in roughly mid 2022. Though as I said this is a very rough estimate which may very well end up being as much as a year off. My ATH puts us as a neat $100K. But just as $10K was once seen as an unbreakable ceiling, I wouldn’t be surprised if we similarly shot up to $200K or even $300K next time. Or perhaps as low as ‘only’ $80K.
If you know a thing or two about Bitcoin and it’s price charts, I believe the chart is pretty self-explanatory. It is the same pattern projected onto the future. I believe that psychology works the same in a group of 10.000 people as it does in a group of 100.000 or 100 million. What this pattern represents is the exponential growth and adoption of Bitcoin, showing the same general underlying psychology that occurs each bubble. That’s not to say these patterns are foolproof. Far from it. Unforeseen circumstances can change everything. A ban on Bitcoin might ruin it all, for example. And of course, at some point ‘this time it’s different’ might actually be true.
I hope you’re all still here for the ride that is crypto. If you are, congratulations! You are now TRUE veteran of the crypto space and if you’re still holding then you’re one of the real HODLers out there. I salute you!
It has been four months since my last post but don’t worry, I’m still here and I never left. I never stopped writing, I was just (professionally) writing elsewhere. And, of course, the last few months have been a drain on all of us, myself included. Still, we continue on a positive path with Bitcoin and crypto. These past few months have been accummulation for many people, including myself, and the question is now where to go from here. Did we enter the new Bull Market, or is this the Sucker’s Rally that I have been expecting for months now?
I wish I had a royalty-free, open-source image of Heath Ledger in his Joker makeup to insert here. Chances of finding something like that = zero. Sorry, you’ll just have to use your imagination:
The crypto space is a special case
Last week I said:
Crypto marches to the beat of its own drum. Normal analysts can’t/won’t/don’t understand this – in fact they normally flatly deny it. Can you blame them? After doing something for 10/20/30 years, it’s hard to imagine that something like crypto can be “different” or “special”
That isn’t the first time I’ve said something along those lines. On many occasions
Taekion plans to work on other applications, too, that would help secure energy transactions to protect process data at power generation facilities, increase grid reliability and integrate a more decentralized energy infrastructure.
The project is part of the energy department’s Office of Fossil Energy Sensors and Controls program and is funded through the department’s Small Business Innovation Research program.
This is not the first time that the department has looked to explore blockchain for technological improvements. Last year, it partnered with BlockCypher to develop solutions allowing energy transactions to be settled across multiple blockchains.
The drop may now have thrown a spanner into a bullish market setup that had looked likely to propel prices to highs not seen since late last year. Had bitcoin’s triangle breakout succeeded, a measured move to $5,800 may have been on the cards. However, bitcoin fell $300 short of that target as buyer volume fell short on the day.
San Francisco-based blockchain project Thor Token is shutting down as the project “was not able to gain traction and achieve commercial success.” The news was announced by co-founder and CEO at Thor, David Chin on April 9.
Thor — which was built on Neo (NEO) — has announced it is closing its doors as it reportedly could not manage to raise enough capital to come up against the lack of sales, as well as find a new place where it could benefit from more resources.
Muneeb Ali, co-founder and CEO of Blockstack, said in a statement: “We’ve been working with securities lawyers to create a legal framework that can enable blockchain protocols to comply with SEC regulations.”
He continued:
“This can potentially set a precedent for others in the industry, not just for public offerings, but also as a path to launch new public blockchains and establish a path to bootstrapping decentralized ecosystems.”
New York-based blockchain startup Flexa has raised $14.1 million to develop a payments network for retailers. The development was announced in a press release published on April 11.
Per the release, Flexa has raised $14.1 million in funding from such participants as early stage token fund 1kx, investment firms Access Ventures and Nima Capital, and hedge fund Pantera Capital, which recently revealed that it was close to completing funding for its third venture fund, already raising $160 million.
The company intends to create a payment network for retailers that would reduce costs, overhead, and fraudulence by means of blockchain-based settlements. Flexa is also planning to release a mobile application through which customers could conduct operations with cryptocurrencies they already own.
EMC2Me.io Full Release
LTO participates in Odyseey Hackathon 2019 in Gronigen, Netherlands from April 12-14.
“Don’t forget to mark your calendars – exciting announcement event happening on April 12th…”
OKEX cryptocurrency development prospects in Dnipropetrovs’ka oblast, Ukraine from 6-9 PM (GMT+2).
“After the Grand Announcement at the @money2020, we continue the roadshow for our #STO at London’s prominent @UKInvestorShow!”
Here is the chart of yesterday :
Here is the current chart :
Yesterday, we were testing the support line around 0.49$ but today, due to the drop on the BTC, we broke that support line but also the next support line around 0.43$. We still have a possibility to come back upper that last support line and it will stay a very bad day today for the STEEM with a drop of 10%… What is disapointing with the STEEM is that we have difficulties to go UP during UP trend of the BTC and we are exagerating each DROP of that same BTC… Courage courage dear holders.
Last Updates
I have had to modify a little bit my EW-count with the last BITCOIN movements which is currently correcting strongly after having reached another new High of the year.A totally expected movement after the explosive rise of the last days to be honest.The following chart was the former one on which I was working on:
Essentially I thought that BITCOIN have finished already the 3rd wave up of the green 5-waves up but seems that, instead of correcting on 4, it just kept moving a little bit erratically sideways and slightly upwards… and that was fine because If I try to
Bitcoin spiked to approximately $5,500 before breaking down as low as $4,980. It’s currently trading around $5,550.
In today’s analysis I discuss where price may be heading next, how I’m planning to trade, key areas to watch and so much more. I hope you find it helpful.
Video Analysis:
If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to watch.
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!
Workin
If you found this post informative, please:
Open an Account on Binance here:https://www.binance.com/?ref=16878853
Support
According to Luke Nosek (Co-founder of Pay Pal) – PayPal mission was to create a form of digital money that would live on the internet and move across borders, independent from banks and government.
This mission failed to materialized after oppressions and regulations forced the company to restructure its plan and operations, exposing the side-effect of a decentralized move with a body of pioneers who could be identified or held responsible.
In today’s digest, I will write a short briefing about why it is disastrous to have a central point of governance in a mission-focused decentralized establishment before we look into some recent updates.
One of the mysteries surrounding the creation of Bitcoin is why the pseudonymous creator under the name “Satoshi Nakamoto” never revealed himself and later disappeared into thin air after few years of nurturing his juvenile creation poised for something great.
Looking at the whole picture more logically, one would realize Satoshi decision to maintain this status is a very smart move.
Hardly, there is no establishment that could never to subjected to government rules. As mentioned above with PayPal. Identified individual leader of an autonomous organization is a weak spot that could easily be attacked by the sovereign power if such establishment begins to pose any threat to their authority.
Now, the question is; should blockchain projects with a decentralized mission have a central governing body?
Asking this question, what quickly comes to mind is; how could there ever be a system or product without its designer(s)?.
Well, it quite impossible. As far as the human understanding can comprehend “there is no creation without its creator”.
So, how could a true decentralized move be established?
In my own view, a blockchain project with a focus on building a decentralized ecosystem hosting of dapps and fundraisings like Ethereum, EOS, and co may maintain a structure of a central governance in the core product development, but should try as much as possible to maintain a distributed network of nodes(actual system hosting database) with no central control or access.
On the other hand, any blockchain project whose mission establishment is to provide an alternative means of money in payments and settlements would have a hard time surviving under the nose of the government and so should try as much as possible to remain in the background.
The ability to print and control money supply is a precious mantle of power wielded by the governments, in that knowledge; Satoshi disappearance gave a good chance to the survival of Bitcoin to potentially “change the world”.
Eric calls for basic Ethereum Foundation transparency.
This is Exquisite! Do you know you will be able to buy a domain with your EOS name in the future?See what people are saying about this.
A good reason why people need to drop their Ether coins for EOS.
Do you agree with this tweet by CZ on blockchain and AI being the tools to fight crimes?
How Traditional Stock Market can accelerate cryptocurrency adoption.
High school students being inspired and exposed to blockchain tech. Cool stuff.
The notion of a cashless policy was actualized by the introduction of credit and debit cards. The ease of having your entire savings no matter how big or small directly linked to an 8.5cm plastic flat card is so admirable. It has revolutionized how we handle money. Bringing about new niches in existing businesses. Online businesses were benefited the most. Providing a win-win situation for customers and businesses.
As a process which relies on the use of software and protocols including the internet, it would make a perfect fit to establish additional territory by propagating the use of digital currency or cryptocurrency in payments.
We have seen different kind of project propose or implement this solution, but only a few get fairly adopted.
Busting over the net in recent reports is the Coinbase introduction of a Visa debit card which is able to allow a user with an account on Coinbase spend his cryptocurrency holdings with the exchange in different shops. Read the bullish news now on Coindesk.
If there is any industry that urgently needs the application of blockchain in its operation then, it is the freelance industry. Service providers are been cheated in a lot of artistic ways.
Blockchain through proper implementation can address the above-mentioned challenges.
By its funding capabilities and development of a scalable efficient system, EOS took part in a recent funding round conducted by Moonlighting to continue aggressive development of its freelance platform. This move prompted Moonlight to strike another big deal by moving its 700,000 freelancer profiles to the EOS network with individual profile getting linked from the EOS system to the Main database through hashes. Read the in-depth report now on Coindesk.
Mozilla beta version of Firefox now blocks web-based cryptojacking.
Augur launch support for DAI stablecoin as part of the major upgrade to its platform.
PewDiePie to begin streaming on the blockchain-based video hosting provider Dlive from April 14.
Telegram launched the private beta of its open blockchain network.
Put some grin on your cheek with this meme as I conclude this digest.
This meme is sourced from a discussion post on Reddit.
Thanks for your time reading the digest. Remember to visit my blog tomorrow for another interesting digest.
Cheers 🙂
Disclaimer
The contents of this post are intended for information purpose only and should never be taken as an investment or trading advice. All information contained herein is linked to their respective sources without being taking word for word except in quotes and references.
It ws just recently announced that the LARGEST youtuber is moving away from youtube. And guess where he is going?
Crypto!
https://www.distractify.com/p/pewdiepie-leaving-youtube
The migration is beginning. I know that we are on Steem and WLS nd DLive left Steem to go to their own blockchain, but this is not about a single entity completely. This opens the doors to Dlive, but ALSO opens the door to crypto, blockchain, tokens, chains, p2p, cross chain transactions, etc. The list goes on and on.
Google and Youtube just lost their Star Player to a newer, faster growing company. It is possible that the
