Bitcoin – possible next moves

 

Bitcoin continues to tread water – with gradual negative changes to its buoyancy

Here is what I think may be happening now, and what may happen next.

As BTC is clearly no longer rising in price, I have abandoned my bullish channel diagonal Fib levels and have replaced them with downwards sloping diagonal Fib retracement levels.

 

Viewed in the medium-term, the new levels look like this:

 

Seeing the above chart, my immediate thought was that BTC may be forming a bull flag. If it is a bull flag, then the most likely next move would be for BTC to break upwards out of the flag and to continue rising on the previous trajectory. This is not to say that BTC will not dip further before that happens.

 

My confidence factor wrt the bull flag scenario is not extremely high, it’s more a possibility than a probability. I place a likelihood of 40% on it being a bull flag. Because of this I would be cautious in trading it as a traditional bull flag – not that I trade BTC anyway, because I’m a hodler by nature.

Bull flag or not, BTC is dipping at the moment. While the drop in price may be arrested sooner, the new diagonal Fib levels indicate a possible bottom at around $8800. Remember that the Fib levels are sloping downwards, so if BTC dips later than expected, or if it dips again after that, then $8800 will no longer be the bottom of the dip. If BTC were to dip again in August, it would only find support in the $8500 – $8000 region.

 

Another thing I can’t help noticing is the similarity between this price movement, and that of various BTC price movements in 2017. Here is what BTC looks like now:

 

And here are similar BTC patterns from 2017:

 

…and similar patterns from earlier times too.

 

The important take away message from this is that this pattern is invariably seen during bull markets and usually precedes a price climb – before it reoccurs.

Summary:

I can’t tell what BTC will do next, but I am expecting a dip. After the dip there may well be another dip, or even multiple dips before BTC climbs again. It looks as if BTC will resumes its climb after the upcoming dips.

I think we are seeing a consolidation period, a time when weak hands are selling their 2019 gains and stronger hands are replacing the weak ones every time the price dips. Once this transfer process has completed, strong hands should dominate and the climb should resume.

I still think that 2019 bullishness kicked in too soon. The 2018 bear market is still fresh in the memories (and on the charts) of most investors: a reminder to be cautious. This is causing the price rise to be a case of “two steps forward, one step back” which is probably a healthier way to climb than an all out run to new highs. Consolidation makes a climb more sustainable, less volatile and less likely to lead to a big crash at the end of the climb – so it’s a good thing for investors.

Even though I am out of spending money, if BTC dips into the $8000s, I will consider using some of my fiat savings to buy more. This reasons for this are twofold:

  1. BTC has become more legitimate than I expected, sooner than I expected. It features prominently in mainsteam media and is often commented on by world leaders. Whether the press is in favour of it or against it, the exposure is good for BTC and the man in the street is starting to view it as a real contender/threat to fiat money.
  2. My faith in fiat diminishes by the day. Unfortunately, the majority of my saving are still in fiat. I am actively seeking good stores-of-value to place some of my fiat savings into. Crypto is risky, so one must be very careful about shifting money into crypto, but if I am going to be taking money out of fiat, then I might as well put a little more of that money into crypto. The rest will probably go into precious metals, I’m still busy deciding and watching the markets closely.
 
 

Yours in crypto

Bit Brain

“The secret to success: find out where people are going and get there first” 

~ Mark Twain

“Crypto does not require institutional investment to succeed; institutions require crypto investments to remain successful” 

~ Bit Brain

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It’s TOO QUIET in here…

 

I have been blogging since early 2018, not what I would consider to be “long” in blogging terms, but long enough to have become a part of the furniture. During that time I have seen big changes in the crypto blogging space: some rapid, some more sedate.

One of the sedate ones has now become too obvious to ignore: it’s too quiet in here…

How often do you make new followers on blogging platforms these days? It still happens, but it’s not nearly as frequent as it was a year ago, is it? How many comments do you get on each blog post?

Despite the best efforts of many bloggers who frequently leave comments and engage wherever they can (thank you guys – I really appreciate the efforts you make – both on my posts and on the posts of other bloggers), the numbers are still way off what they once were. If I look at Steemit, the platform I started blogging (and still use to this day), I now so rarely get comments that I don’t even check my replies daily anymore! At one stage I would check replies several times a day.

There is also a notable drop in post earnings: my own account has been hard hit – though granted – some of that has to do with the price of the tokens one earns. Even so: token price is a reflection of interest in the token, and interest in STEEM is disturbingly low! I had hoped to be able to earn a living from blogging, though if this carries on I can see that I shall have to make other plans. Even some of the top Steemit bloggers are earning pathetically little compared to what they once did, a clear sign that interaction is shrinking dramatically.

It’s not just Steemit that has been hit, Trybe is visibly empty too. Here, take a look at the bottom of “page 1” of my Trybe friends list. I like to use this list to see who has been online lately. I normally select each member who has been online since I last visited, check their blog and then comment on their new posts. But so many of them have just not been online lately…

From https://old.trybe.one/members/bitbrain/friends/

 

 

It’s hard to engage with friends who are not there! Imagine what pages 2 and 3 look like! I miss the regular posts of some very good bloggers who used to post frequently. Some of my Steemit friends haven’t been seen in nearly a year! 😥

Don’t get me wrong: I’m not blaming anybody for anything here: neither the platforms nor the bloggers. I fully understand that it takes time to generate and curate good content. (I hate the system-gaming heajin-style copy-&-paste posts which have little to no effort put into them) Time IS money, and not all of us can afford to spend several hours a day on crypto social media platforms – especially when payouts are poor. It isn’t all about the money, but it does become “not economically viable” at some point.

I sense a form of despondency among my fellow crypto bloggers, and that is to be expected. The altcoin market remains nightmarish in many respects, that is having a clear effect in the platforms based on those coins. I think that STEEM and the STEEM-based platforms are suffering from that particularly hard: Dan Larimer’s middle-child is playing the role of classic neglected middle-child to a T.

Personally I have already sold off quite a lot of my STEEM, and have suggested that others may want to follow suit. I know that many other STEEM holders have already sold off a significant portion of their holdings.

However…

I won’t be selling of all of my STEEM, and when I do sell it, it’s to buy other altcoins – not to cash out to fiat!

I am well aware that altcoins are not popular right now. I have seen the BTC value of my altcoin portfolio plunge during the last few months. Bitcoin maximalists are everywhere, I don’t recall ever seeing anti-altcoin sentiment this high before (probably because the majority of altcoins have not been around for long enough).

I am NOT a supporter of the saying “The trend is your friend”. Instead I consider the trend to be a wolf in sheep’s clothing, somebody who leads you along the path, and then once you become complacent, stabs you in the back with a sharp trend reversal. As a Value Investor and a Contrarian, my default instinct is to oppose the trend. But what does that mean in real terms?

There is blood on the streets. The altcoins are bleeding.

We ALL know: “Buy Low, Sell High”. Yet when the price of something is low, what do we do? We panic sell. When price surges high, what do we do? We FOMO buy.

Hear the wisdom of Bit Brain: NOW is the time to BUY altcoins!

I believe that this is a golden opportunity. Bitcoin can’t keep climbing alone – it makes no economic sense! I saw a Tweet this morning which said that the Bitcoin Whitepaper is the only one worth reading. Nothing could be further from the truth. There are MANY good altcoins out there with a solid token economics model. They will make money, irrespective of what BTC does. I agree that BTC is the only real store-of-value crypto, but it is not the only crypto that has value! I still expect good altcoins to thrash BTC in terms of ROI over the next year or two.

Mark my words, sentiment towards altcoins WILL swing around again, and when it does, make sure that you are holding some good ones!

And this is why I’m keeping some STEEM. This is why I am slowly letting my TRYBE tokens grow in number. It’s just like mining BTC: too often miners shut down when it becomes “unprofitable” to mine. But what if they just kept on mining – took the short-term loss – and then sold that BTC when the market recovered? They would make a fortune in profits, especially because mining difficulty drops when miners pull out.

If TRYBE ever “Moons” by 100x and becomes worth $0.10 per token, then you can’t expect to still earn 1000 TRYBE for each post that you write! BUT YOU CAN EARN THAT TODAY!

So I suggest holding onto that which you can accumulate now, because markets ARE cyclic – often unpredictable, but cyclic nonetheless. I suggest that you keep on blogging, keep on curating, keep on supporting one another. We ALL know that crypto is still in it’s early days and that a lot of money will still enter this asset class. When it does so, it would be good if we could have our platforms ready to receive the influx of new interest, interest which would greatly boost the value of our tokens again.

So take heart, don’t feel down just because your altcoins are worth nothing. Don’t give up just because your earnings are very low. I am literally betting the future of my financial success on crypto – and honestly – I’m not too worried about it. For me it’s more a “when?” than an “if”. (No: don’t follow my example, I didn’t really have a choice due to a rather unique set of circumstances. Don’t put more into crypto than what you can afford to lose!)

Hang in there crypto friends, the altcoins will make a comeback. You’ll see. 😉

“It’s always darkest before the dawn.”

Yours in crypto

Bit Brain

“The secret to success: find out where people are going and get there first” 

~ Mark Twain

“Crypto does not require institutional investment to succeed; institutions require crypto investments to remain successful” 

~ Bit Brain

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Give me Liberty, or give me Death! – Part 2

 

This is the second (and final) part of the “Give me Liberty, or give me Death!” series which I started writing yesterday.

Part 1 can be found here: Give me Liberty, or give me Death! – Part 1

Introduction:

A quick recap: In Part 1 we saw that Trump, while not a typical politician, is nonetheless turning on Bitcoin in order to protect that which he holds most dear: his horde of fiat money-based wealth. We saw that governments around the world have turned to age-old propaganda strategies to grab and hold onto power – the very same strategies developed and used by Joseph Goebbels to bring the Nazis to power in 1930s Germany, and to keep them there once in office.

We saw that Liberty – our very right to make our own choices such as “I want to use Bitcoin instead of USD” – is under threat. Today I want to elaborate a little on that threat and on how propaganda is being used to turn the population against its own liberties.

As with yesterday, I will not just be using my own words today. Once again I will stand on the shoulders of giants and borrow their words in the form of a series of quotes.

You are being lied to. We all are. America is a great example of this, so I will keep this post American in flavour (or should that be “flavor”? 😄), because the USA is an example which most of us can relate to.

As I have said before, it is disturbing to see that the US is STILL playing the “Russia = Communist = Enemy” card, a good three decades after the fall of the Berlin Wall. The USSR is long gone and Russia has been a democracy for decades; yet the old “Evil Communist Ruskies” narrative – which is ingrained deep into the psyche of the American populus – is still the go-to rhetoric used by politicians over and over again. What did Goebbels teach us in Part 1?

“THE ESSENCE OF PROPAGANDA CONSISTS IN WINNING PEOPLE OVER TO AN IDEA SO SINCERELY, SO VITALLY, THAT IN THE END THEY SUCCUMB TO IT UTTERLY AND CAN NEVER ESCAPE FROM IT.”

“…THE RANK AND FILE ARE USUALLY MUCH MORE PRIMITIVE THAN WE IMAGINE. PROPAGANDA MUST THEREFORE ALWAYS BE ESSENTIALLY SIMPLE AND REPETITIOUS.”

“THIS IS THE SECRET OF PROPAGANDA: THOSE WHO ARE TO BE PERSUADED BY IT SHOULD BE COMPLETELY IMMERSED IN THE IDEAS OF THE PROPAGANDA, WITHOUT EVER NOTICING THAT THEY ARE BEING IMMERSED IN IT.”

“THE ENGLISH FOLLOW THE PRINCIPLE THAT WHEN ONE LIES, IT SHOULD BE A BIG LIE, AND ONE SHOULD STICK TO IT.”

“IF YOU TELL A LIE LONG ENOUGH, IT BECOMES THE TRUTH.”

This is how the people of the USA continue to be led, or “misled”, if you prefer.

Because there will always be those intelligent enough to question the politicians and their mass media (their tool of manipulation), a defence mechanism has to be put in place. You can’t expect the politicians themselves to run around putting out fires, that sounds too much like hard work, and it could be dangerous if they miss a fire and it grows too big.

No, what they have done is to build a self-defence system into their propaganda; a clever system which is a diabolical as it is ingenious.

As much as the modern Politically Correct Liberals hate to hear this, as nations we tend to differ greatly from one another. We have various physical and mental traits which define us and differentiate us from each other. One of the traits which I admire the most in Americans is their patriotism. The average American is a patriot at heart – someone who loves their country and will readily defend it against attack or ridicule. Perversely, it is this good-intentioned patriotism that the government has re-purposed to serve their evil agenda. By portraying their own interests as “patriotic”, the politicians seek to squash any criticism of them as a ruling class. Therefore, anybody who shouts out against the rulers gets shot down by the crowd, because such a person is obviously “unpatriotic” or “anti-American” – the politicians don’t even have to lift a finger.

Of course, nothing could be further from the truth. Those speaking against the ruling class are those who can see through the lies, they are those who seek to make America better and who seek to preserve the liberty of the common man!

For this reason, today I will be focusing on patriotism and what is REALLY means – NOT what the politicians say it means!

Quotes:

That was a slightly lengthy, but necessary introduction. I hope that you are now in the right frame of mind to read these quotes which I have sourced for you. Let’s now take a look at patriotism, liberty, politics and a few related topics, as seen through the eyes of those who are well qualified to speak on these topics:

350z33 at en.wikipedia [CC BY-SA 3.0], via Wikimedia Commons

 

Let us begin with a stark reminder that we can’t just rest on our laurels and expect freedom to continue as a way of life:

The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.

~Thomas Jefferson

Jefferson remains my favourite US president of all time: a true visionary and a true patriot.

Many years later, Reagan echoed Jefferson’s words:

Freedom is never more than one generation away from extinction. We didn’t pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same.

~Ronald Reagan

It is clear that if you wish to live free, you must be prepared to continually fight for your freedom, for there will be a continuous stream of tyrants who would like to take it away and enslave you. The next two men quoted knew all too well what I’m talking about:

There is no easy walk to freedom anywhere, and many of us will have to pass through the valley of the shadow of death again and again before we reach the mountaintop of our desires.

~Nelson Mandela

Nobody can give you freedom. Nobody can give you equality or justice or anything. If you’re a man, you take it.

~Malcolm X

Lincoln was another one of the great American Presidents. Like Jefferson (and Bit Brain) he was a visionary who could see the path of the future long before it actually happened:

America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves.

~Abraham Lincoln

The government does not seek to protect your liberty through its laws, it seeks to limit and restrain you. Just look at Bitcoin and crypto regulations in the US! Do those regulations really help you as a crypto investor, or do they hinder you? Is your government for you, or against you? Is it infringing on your liberties?

Liberty has never come from Government. Liberty has always come from the subjects of it. The history of liberty is a history of limitations of governmental power, not the increase of it.

~Woodrow Wilson

I speak out against representative democracies all the time, for they are “democracies” only in name. Since the majority of people have no actual say in the running of their countries, most modern democracies have decayed into socialism in democratic clothing. They preach “democracy” yet display socialism. Look at the quote below, then decide which you think America is today: Democratic or Socialist.

Democracy and socialism have nothing in common but one word, equality. But notice the difference: while democracy seeks equality in liberty, socialism seeks equality in restraint and servitude.

~Alexis de Tocqueville

Once again, Jefferson hits the nail right on the head:

Rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. I do not add ‘within the limits of the law’ because law is often but the tyrant’s will, and always so when it violates the rights of the individual.

~Thomas Jefferson

CLEARLY something is VERY wrong with our modern “democracies”! For starters: they are no longer democratic!

You have no say in government. They do not listen to you! Voting is a voting designed to placate you through the illusion that you have a say. Try to change a law. Try to ignore a rule. See how much say you really have! Politicians dominate your life and make you live according to their rules! Is that how America was supposed to be?

Four score and seven years ago our fathers brought forth on this continent, a new nation, conceived in Liberty, and dedicated to the proposition that all men are created equal.

~Abraham Lincoln

George Orwell criticised government hypocrisy when he spoke about the same topic in “Animal Farm”. In his book, the pigs (a parody of the ruling class) stated the following:

All animals are equal, but some animals are more equal than others.

~George Orwell

So do I have a point, or am I just some trouble-stirring, anti-American, unpatriotic communist? Let’s look at a few more quotes to find out:

Patriotism is supporting your country all the time, and your government when it deserves it.

~Mark Twain

You’re not supposed to be so blind with patriotism that you can’t face reality. Wrong is wrong, no matter who says it.

~Malcolm X

Patriotism consists not in waving the flag, but in striving that our country shall be righteous as well as strong.

~James Bryce

Guard against the impostures of pretended patriotism.

~George Washington

Who are the real patriots when government is corrupt: those speaking against them, or the brainwashed masses who have good intentions which have been horribly manipulated? He probably didn’t intend to, but modern day politician Joe Biden gave us the answer:

Fighting corruption is not just good governance. It’s self-defense. It’s patriotism.

~Joe Biden

But let’s steer away from modern politicians, they’re all far too much a part of the broken system. Let’s get back to the good old guys and the non-politicians:

I do this real moron thing, and it’s called thinking. And apparently I’m not a very good American because I like to form my own opinions.

~George Carlin

Remember, these are not internet bloggers, these words come from an American President!

Patriotism means to stand by the country. It does not mean to stand by the president or any other public official, save exactly to the degree in which he himself stands by the country. It is patriotic to support him insofar as he efficiently serves the country. It is unpatriotic not to oppose him to the exact extent that by inefficiency or otherwise he fails in his duty to stand by the country. In either event, it is unpatriotic not to tell the truth, whether about the president or anyone else.

~Theodore Roosevelt

Perhaps James Baldwin gave the best description of what patriotism really is:

I love America more than any other country in the world and, exactly for this reason, I insist on the right to criticize her perpetually.

~James Baldwin

… and Arthur Schopenhauer gave the best description of what it is not:

Every miserable fool who has nothing at all of which he can be proud, adopts as a last resource pride in the nation to which he belongs; he is ready and happy to defend all its faults and follies tooth and nail, thus reimbursing himself for his own inferiority.

~Arthur Schopenhauer

Indeed, I think that some of the more famous thinkers of their time misunderstood the issue of patriotism and how politicians manipulate it. They grew so bitter because of this that they sadly turned against patriotism altogether. They thought that the misguided masses were the patriots, missing the truth that the real patriots were not the masses supporting government, but rather the intelligent few opposing it:

You’ll never have a quiet world till you knock the patriotism out of the human race.

~George Bernard Shaw

Patriotism is the last refuge of a scoundrel.

~Samuel Johnson

Patriotism is the virtue of the vicious.

~Oscar Wilde

It’s very sad to see the level of frustration that those men were driven to.

So as not to end of a negative note, let’s look at two more quotes of those who properly understood patriotism:

The greatest patriotism is to tell your country when it is behaving dishonorably, foolishly, viciously.

~Julian Barnes

A patriot must always be ready to defend his country against his government.

~Edward Abbey

Conclusion

I hope that I have sufficiently illustrated the difference between patriotism and “patriotism”. I hope I have shown the difference between being against your government and being against your country. I hope I have shown that to best serve your country, you need to oppose those who seek to oppress you. I hope that I have shown that governments seek to remove your liberties and control you.

It is up to us: (you, me and all the other common folk) to stand up for what is right. Nobody is going to fight this fight for us! Government is Definitely not going to fight For us – they are the main problem!

It would be nice if we had a modern visionary to guide us: somebody who understands Liberty, Patriotism, Politics, Money and even Crypto; luckily for you, you have just such a mentor – you’re reading his blog right now. Mr Mentor tells you this with the utmost certainty: through cryptocurrencies and blockchain technology we can render governments obsolete. We can remove their power and the money supply which enables them. They can’t stop us unless we let them.

The time has come to fight. The time has come to fight for what is right, to fight for our rights!

Through crypto we can let liberty prevail – not governments.

I will be fighting this fight either until we are victorious, or until I draw my final breath. I hope to see you there fighting beside me.

Yours in crypto
Bit Brain

Attribution: Featured Image (Statue of Liberty) by Ana Paula Nardini from Pexels

 

“The secret to success: find out where people are going and get there first” 

~ Mark Twain

“Crypto does not require institutional investment to succeed; institutions require crypto investments to remain successful” 

~ Bit Brain

Bit Brain recommends:

Crypto Exchanges:





Give me Liberty, or give me Death! – Part 1

Yesterday I mentioned that I would probably have to say a few words about Trump’s attitude towards Bitcoin.

Trump’s recent Tweets have clearly shown where he stands on the topic of cryptocurrencies:

 

 

His pro-fiat bias is as obvious as it is expected: from a man who has great fiat wealth, I wouldn’t expect any less.

Of course his anti-crypto arguments are the typical drivel: he creates the “unlawful behaviour” strawman, which he then burns using the drug trade. It’s a classic logical fallacy. The internet is littered with pictures such as this one:

From https://www.foxnews.com/us/siblings-arrested-in-24-million-miami-marijuana-bust

 

 

News flash Cupcake – that’s not Bitcoin – that’s your good ol’ USD – you know, the same anonymous currency that drug lords have been stockpiling for decades:

From http://www.todby.com/2016/09/a-columbian-farmer-finds-drug-money.html

 

 

That particular barrel of Dollars is said to have once been Pablo Escobar’s. Speaking of Escobar and US Dollars:

“Escobar had so much cash coming in that his monthly bill for the rubber bands he used to hold the stacks of banknotes together was $2,500.”

“Escobar had so much money that he once burned $2 million in crisp banknotes just to keep his family warm when they were on the run.”

~ https://www.factinate.com/things/54-interesting-facts-organized-crime/

I could easily continue to pick fiat apart and show just how STUPID Trump’s tweets really are, but that’s been done before. I could also state the positive side of Trump Tweeting about Bitcoin, about how he is now lending legitimacy to crypto and showing that it is indeed a major player in the future of global finance; but that’s also not my objective today. I don’t want to re-invent the well or derail my own post, so instead I’m going to refer you to this Coindesk post: “What Trump’s Bitcoin Tweet Changes”, which I thoroughly enjoyed reading and which I mostly agree with.

No, today I want to talk about what Trump is standing against here: the liberty of his very own people.

“Give me your tired, your poor, Your huddled masses yearning to breathe free…”
~  A poem by Emma Lazarus on a plaque on the Statue of Liberty

Crypto IS Freedom. Crypto IS Liberty!

Crypto is the right to choose what money you want to use. Crypto is your way of saying “No thank you, I don’t want to be forced to enrich the rich at my own expense, I have the right to choose something else.” But Trump doesn’t like it, because it doesn’t make people like him rich, it doesn’t boost the US dollar – so he stands against it. Politicians generally care about only two things: money and power – even a non-standard politician like Trump is not immune to that.

But who am I? I’m just a random, anonymous internet guy. What do I know about politics? What do I know about true patriotism and what it means to fight for your country? Who am I to criticise the US president and say that he is being selfish, anti-liberty and unpatriotic? Well… I’m the best brain on the planet – but unfortunately a rather unknown one. So instead of using my own words, I’m going to borrow the words of others for the rest of this post. Let’s see what those a little more famous than I have to say on this topic:

Ruling by the Nazi playbook – Lessons taught by Joseph Goebbels

Bundesarchiv, Bild 183-1989-0821-502 / CC-BY-SA 3.0 ], via Wikimedia Commons

 

 

For those of you who may not know, Joseph Goebbels was an instrumental part of Hitler’s strategy. Goebbels was a Nazi who headed the “Reich Ministry of Public Enlightenment and Propaganda”  (German: Reichsministerium für Volksaufklärung und Propaganda) from its establishment in 1933 to its dissolution in 1945. Its purpose was to “centralise Nazi control of all aspects of German cultural and intellectual life.” (Wikipedia) Goebbels was obviously an evil, hateful and tyrannical fascist of the highest order, but he was no fool.

Goebbels was the original authority on propaganda, it was the method he chose to control the minds of the German public during and prior to World War II. Sadly, it seems as if history is doomed to repeat itself, as history always does.

It is common to hear politicians get called “fascists” or “Nazis”, you can see it in the media or social media every day. Perhaps if people realised just how close such comments are to the truth, then they might pay them more attention..

Let’s take a look at some of Goebbels’ many quotes on the subject, see if any of these sound familiar…

There was no point in seeking to convert the intellectuals. For intellectuals would never be converted and would anyway always yield to the stronger, and this will always be “the man in the street.” Arguments must therefore be crude, clear and forcible, and appeal to emotions and instincts, not the intellect. Truth was unimportant and entirely subordinate to tactics and psychology.

Goebbels said that you can just ignore those clever enough to see the truth, and rather appeal to the emotions of the less educated masses. After all, he also stated that:

…the rank and file are usually much more primitive than we imagine. Propaganda must therefore always be essentially simple and repetitious.

The goal of propaganda is to achieve total and lasting control of the population:

The essence of propaganda consists in winning people over to an idea so sincerely, so vitally, that in the end they succumb to it utterly and can never escape from it.

… so that the majority don’t even realise that they are being manipulated…

This is the secret of propaganda: Those who are to be persuaded by it should be completely immersed in the ideas of the propaganda, without ever noticing that they are being immersed in it.

…or worse still, they believe that they are free, yet they are not:

Propaganda works best when those who are being manipulated are confident they are acting on their own free will.

Goebbels knew that he had to win over the majority of the people in order for Hitler’s idea of a Nazi dictatorship to succeed:

Whoever can conquer the street will one day conquer the state, for every form of power politics and any dictatorship-run state has its roots in the street.

And once in control, he had to steer their thoughts and minds: (As I have told you many times in my own posts such as this one.)

Not every item of news should be published. Rather must those who control news policies endeavour to make every item of news serve a certain purpose.

He knew that people don’t care to interrogate information presented to them, because they are beings of emotion. Nothing has changed in this regard and it is how the fiat money which makes everybody poorer continues to rule the world today:

If you tell a lie long enough, it becomes the truth.

The English follow the principle that when one lies, it should be a big lie, and one should stick to it.

Goebbels also knew that Representative Democracies – such as those which most Western nations still use today – are easy to corrupt. Of course these days there are almost no good people left in politics at all – our Democracies have been completely hijacked by those who seek to control us for their own purposes:

We enter parliament in order to supply ourselves, in the arsenal of democracy, with its own weapons. If democracy is so stupid as to give us free tickets and salaries for this bear’s work, that is its affair. We do not come as friends, nor even as neutrals. We come as enemies. As the wolf bursts into the flock, so we come.

These days we can clearly see how, in the name of the sacred cow named “Democracy”, many of our once proud nations are decaying into socialism. Venezuela is also a Democracy. So is Zimbabwe. Remember that.

To be a socialist is to submit the I to the thou; socialism is sacrificing the individual to the whole.

Goebbels told us how, once in power, the evil entities of government would never relinquish that power willingly. Again, look at Venezuela and Zimbabwe.

If we have power, we’ll never give it up again unless we’re carried out of our offices as corpses

And while it wasn’t the major driver of his time, he knew that money is the nefarious driving force behind almost all the evils of the world.

The money pigs of capitalist democracy: Money has made slaves of us. Money is the curse of mankind. It smothers the seed of everything great and good. Every penny is sticky with sweat and blood.

Once he had succeeded in building the power which the Nazis required, Goebbels stated that:

We have made the Reich by propaganda

Further confirming that politicians will say whatever they need to to get what they want.

It is clear to me today that our so-called leaders are using Goebbels’ tactics to control the populations of our world. They may not wear swastikas on their arms, but they are fascist Nazis all the same!

BUT!

There IS a very good chance that crypto could bring their whole world tumbling down. They KNOW it and it’s why they are putting up so much resistance to it. It has caught them off guard and they haven’t managed to formulate a proper response to it. They missed the bus when it came to controlling it, and now it threatens their very power-base. It is for this reason that I strongly support and promote crypto. It is for this reason that I despise rubbish like Libra, XRP or JPM coin or other fake “cryptos” – those exist to serve bankers and large corporations – the people pulling the strings of the puppets.

There IS hope for our crypto-based future and if we stand by it we CAN defeat the current powers-that-be. Goebbels said it himself:

There will come a day, when all the lies will collapse under their own weight, and truth will again triumph.

It certainly happened to his evil regime – and history is ready to repeat itself…

I’m not done yet, far from it! That was only the “Goebbels part” of my argument. I have much more in store for you: many more great words said by men and woman a lot less evil than what Joseph Goebbels was!

I’ll be sharing those with you in Part 2, so stay tuned and hear what the good guys have to say!

Attribution: Featured Image (Statue of Liberty) by Ana Paula Nardini from Pexels

Tweets from https://twitter.com/realDonaldTrump

 

Yours in crypto

Bit Brain

“The secret to success: find out where people are going and get there first” 

~ Mark Twain

“Crypto does not require institutional investment to succeed; institutions require crypto investments to remain successful” 

~ Bit Brain

Bit Brain recommends:

Crypto Exchanges:





BTC – 11 July

This is a quick look at what BTC is up to today and what it might do in the next day or two.

 

I remind you that I post a steady stream of short crypto updates and suggestions on Twitter. As you will see, most of what I say today has already been said there some time ago. Twitter is the place to be if you want my real-time analysis of crypto price action.

Well the Libranauts are out in full swing again, once again claiming that Libra decisions have affected the price of Bitcoin. This is not just wrong, it’s stupid! Anybody with half an eyeball would have seen markets jumping all over the show yesterday: crypto, precious metals, forex. I’m SURE that the Fed discussing the future of interest rate cuts was not the real reason for the BTC dip!

Bitcoin:

 

Gold:

 

The S&P 500:

 

Even the Euro:

 

Clearly global finances are now only concerned about one thing: Mark Zuckerberg’s fake crypto. Honestly, this Libra hysteria is beyond belief! It brings out the worst in me: during my basic military training phase – many moons ago – we had an instructor who always used to threaten us with: “I’ll rip your arm off and hit you with the bloody side!”. If only I could catch a journalist in the act of writing such Libra rubbish, I would feel obliged to carry out that particular form of “behaviour correction”!

Rant complete.

As I was saying before I so rudely interrupted myself: I announce a lot of my crypto ideas on Twitter. This is what I thought yesterday when prices were sliding:

 

But I was wrong about support holding:

 

And that’s what I still think for now. Let’s see that on the charts:

I am expecting Bitcoin to find support at about $10900 – the base of the diagonal Fib levels. Since this dip is based on no fault of BTC’s, I expect that the dip will be bought rapidly as people realise this. It remains mind-boggling that investors continue to treat BTC like a regular asset (dumping it at the first sign of FUD), when it clearly plays according to different rules. Maybe one day they will learn… – but don’t hold your breath.

Because BTC was upwardly mobile prior to the dump, I expect it to rise fairly fast. probably straight back up to the 0.382 diagonal Fib resistance level which it was testing prior to the dip. That level is sitting above $13k and climbing.

 

Alternatively: the still shaky market (2018 taught people the meaning of “fear”!) might not have that much confidence, in which case BTC will pull out of the climb one level lower: somewhere near $12500.

 

I very much doubt that BTC will break the 0.0 Fib level and continue downwards, that would be against all the odds. Still, this is crypto, so let’s say there is a 1% chance that that can happen. Looking at this medium-term chart, it’s hard to imagine such a scenario in an asset which is so bullish at the moment: (though not nearly as bullish as what it may later become!)

 

A more likely alternative is that BTC – now being suppressed by FUD, breaks straight through the Fib level at around $13500 and climbs to the next higher level. We could be looking at $14400 BTC before the weekend…

 

Scenario weighting is as follows:

  • BTC hits support and climbs rapidly back to the 0.382 diagonal Fib ($13500ish) – 40%
  • BTC hits support and climbs rapidly back to the 0.236 diagonal Fib ($12500ish) – 30%
  • BTC hits support and climbs to the 0.5 diagonal Fib ($14300ish) – 15%
  • BTC breaks support and heads lower – 1%
  • Something else – 14%

Even though Libra isn’t to blame for this, blaming the Fed is hardly much better. Yes, it DID probably cause this dip, but it shouldn’t have. Sadly we still live in a fiat-centred wordl. I live for the day that crypto take over and that fiat events no longer mater to anyone. Hopefully I live to see that day.

 

Don’t listen to moronic journalists and “analysts”, listen to Bit Brian.

 

 

Yours in crypto

Bit Brain

All charts made by Bit Brain on TradingView

All Tweets from https://twitter.com/brain_bit

“The secret to success: find out where people are going and get there first” 

~ Mark Twain

“Crypto does not require institutional investment to succeed; institutions require crypto investments to remain successful” 

~ Bit Brain

Bit Brain recommends:

Crypto Exchanges:

💰 Shilling my Bags! 💰

 

If you don’t know that, then you obviously don’t read my blog often enough, what’s wrong with you? 🤔

What I WILL do is to give you some amazing suggestions based on coins and tokens which I already hold. I’m about to do just that.

CargoX (CXO)

Ah yes! Still my favourite low market cap coin and still ridiculously cheap, CargoX has some more good news for us. Having already succeeded in launching their “Smart B/L” product, CargoX continued to work on their Blockchain Document Transaction System (BDTS). It’s more than just a big name. In their latest move, they have added a “Smart L/C” to the BDTS platform.

An LC is a “Letter of Credit”, a document which plays a vital role in global logistics systems. This little Wikipedia article explains them nicely: https://en.wikipedia.org/wiki/Letter_of_credit.

According to their monthly email, the Smart L/C has been developed, but still requires testing. Once completely tested and integrated, it and the Smart B/L (Bill of Lading) will enable CargoX to make paper documentation in logistics transactions a thing of the past. While the shipping industry that CargoX targets is still slow to embrace change, I believe that it’s just a matter of time before they realise the cost savings to be had by using this platform. I remain extremely bullish on CXO.

Perhaps, I’m not the only one realising this: Since mid-June, the volume of CXO has risen by approximately 3x. Better still: while it was often traded more on CoinTiger than on KuCoin, that relationship has now been completely reversed. KuCoin trades (specifically the CXO/ETH pair) now far outweigh CoinTiger trades. This means that the KuCoin CXO/ETH pair has actually grown in volume by a factor of about 9! (From around $10000/day to $90000/day.) With KuCoin being one of the most trustworthy exchanges out there (according to the recent “reported vs actual volumes” exchanges study by The TIE) this is very good news for CXO!

From https://www.coingecko.com/en/coins/cargox

 

Which brings us to…

 

KuCoin

My favourite exchange and the home of KuCoin Shares (KCS) is at it again. I can not believe how much good news is coming from this wonderful exchange!

Yesterday KuCoin launched the public beta of KuMEX, it’s new derivatives platform.

“KuMEX will firstly open the Bitcoin Perpetual Contract (XBTUSDM) which is quoted in USD and denominated in Bitcoin and offers up to 20 times leverage. The platform currently supports three types of order: limit order, market order and stop order. After the official release of KuMEX, the platform will use 50% of the net revenue from KuMEX for KCS Bonus distribution for KCS holders.” 

While I am strongly against derivatives trading of crypto, especially with leverage, I realise that not everybody thinks that way. This should be a popular platform that will contribute greatly to the exposure of KuCoin. From the quote above, we can also see that it should have massive benefit for KCS holders.

Of course ever since Binance announced that Binance.com would be shutting down US operations in September, crypto traders have been rushing to find other good exchanges. I immediately noticed the interest grow in Nash Exchange (NEX) and KuCoin. But as of late June, this suddenly really kicked into gear: KuCoin volume has skyrocketed!

From https://www.coingecko.com/en/exchanges/kucoin

 

But wait, I’m not done with KuCoin yet! They also implemented a new weekly temporary KCS token “Buy Back and Burn Plan” which will run for the duration of Q3 2019. I’m afraid that I don’t have much information on why this has been implemented or what is to replace it in Q4, but it will run in addition to the existing quarterly token burns (which you can track here: https://kcs.kucoin.com). This is more great news for KCS holders – people who already get free KCS dividends paid to them daily! KuCoin state that they will use 10% of profits for token burns and that this Temporary Plan will “substantially increase” the amount of KCS that is burnt. How long have I been telling you to buy KCS now?…

Oh, one last thing: they’ve also launched their Over-The-Counter trading desk.

All of that happened within the first 8 days of July, put off buying KCS at your own peril…

NEO

No Bit Brain shill post would be complete without mentioning NEO! As part of my new resolution to keep you more in the loop about NEO happenings, I feel that I should inform you of NEO’s EcoBoost Plan.

Yes, I know that Ford manufactures EcoBoost engines – No, they are not related.

NEO’s EcoBoost plan is a three-phase, $100 million plan designed to:

  • Recruit Partners
  • Recruit Projects
    • In NEO’s words: “further enrich the community, incentivize developers with existing products, and encourage projects to seed even better projects”
  • Accelerate the Launch of Projects

You can read more about it here: https://neo.org/blog/details/4158

My bags are shilled, my job is done. 😃 Now the decision making is up to you.

I own all these coins in relatively large amounts and I won’t be selling them – even if BTC continues to murder altcoins. Read into that what you will.

 

Yours in crypto

Bit Brain

“The secret to success: find out where people are going and get there first” 

~ Mark Twain

“Crypto does not require institutional investment to succeed; institutions require crypto investments to remain successful” 

~ Bit Brain

Bit Brain recommends:

Crypto Exchanges:





Bitcoin 08 July

Perhaps you saw on yesterday when I posted on Twitter:

It was always the idea to blog about Bitcoin today, but Bitcoin was too fast for me:

While that movement has already begun, I’m going to write about it anyway, I guess I’ll just have to type faster than usual…

I am expecting moves in the $1000 (or greater) region by tomorrow.

BTC has been in a (somewhat messy) bullish converging triangle for roughly the last 10 days. The dominant BTC movement at the moment is a rise, and so this “sideways phase” is probably coming to an end.

Thanks to an “over-hyped” phase, followed by an “over-corrected” phase, this triangle is somewhat difficult to spot – fortunately you have me to spot it for you. 😉

The rest is rather simple, as I said earlier, I expect a large price movement. This is to be expected after a period of sideways movement – especially when a converging triangle is in play.

I believe this will either be in the form of a direct price rise, or as a dip down to $10500, followed by a large price rise. The upwards break out of the triangle is an argument in favour of the former scenario: it’s a bullish breakout which will probably run to $12850 and possibly beyond that. The median price line (which is over three months old) is at $12850, so that would be a good place to stop, but momentum may carry it through to the next diagonal Fib at $13700 – or even higher if “over-hype” kicks in again.

The other scenario is that BTC first dips to support and then climbs. That support is the bottom of the diagonal Fib levels – the 0.0 Level – and is defined by the 10 June dip as well as by the over-correction dip of a week ago (which you may recall me calling exactly right – based on these same Fib levels). In support of another dip is the fact that volume has been decreasing over the last five days, though I don’t consider this to be as important as it would appear. I assess that volume also became “over-hyped” at the time of the $13800 price spike in late June and has taken a while to normalise after that. Volume also continues to far exceed the levels of the 2017 bull run, so I think a dip is the more unlikely scenario.

If BTC does dip then the support should catch it at about $10500 before slingshotting it back up towards $12850 and beyond.

I allocate the following probabilities to future scenarios:

  • BTC rises to $12850 and above directly – 45%
  • BTC dips to $10500 and then rises – 30%
  • BTC continues sideways – 10%
  • Something else – 15%

That’s all for now, let be hit the “Publish” button before everything changes or becomes outdated!

Yours in crypto
Bit Brain

Tweets from https://twitter.com/brain_bit
Charts made by Bit Brain with TradingView

“The secret to success: find out where people are going and get there first” 

~ Mark Twain

“Crypto does not require institutional investment to succeed; institutions require crypto investments to remain successful” 

~ Bit Brain

Bit Brain recommends:

Crypto Exchanges:





Stores of Value – End of week roundup

A quick post to end off the week – let’s take a look at what the major Stores of Value are up to.

Gold and Bitcoin are my two favourite Stores of Value. Many people seem to believe that you should hold either one or the other – I believe that diversification is safer and better. It’s always nice to gain value, but a Store of Value should HOLD value as a primary characteristic, and gain value as a secondary one.

I know that property is also seen as a good store of value, but property rights are not universal, in some places property can be a risky investment. Ask Zimbabwean farmers how secure property is as a Store of Value.

Bitcoin

After a quick rise at the end of last month, Bitcoin has spent the week counter-correcting, over-compensating and generally just consolidating. There are evidently many new investors in the market and their weak hands are predictably scared by “sudden” rises. It is amusing to watch how shocked mainstream reporters seem by the “extreme volatility” of Bitcoin – or as more experienced crypto investors would call it: “the norm”.

At around $11400 at the time of writing, I consider Bitcoin to still be suffering the effects of a little FUD after it’s recent rise and subsequent fall. I believe it is trading at a lower price than it should be, and I expect it to recover about $1100 – $1200 over the next few days as it makes its way back to the median mid-term trendline. That trendline runs along the 0.382 diagonal Fib and is indicated by the dashed line on the chart below:

Made by Bit Brain with TradingView

Gold

After an up and down week, Gold looks to be ending on a bit of a low note and may well close below $1400. This is no cause for alarm. Gold has managed to hold the majority of its mid-June gains and is looking rather bullish. Looking at the chart we can see that it appears to be forming a bull flag after its climb. A bull flag is a continuation pattern and indicates that gold is likely to continue its climb. The dashed orange lines are the bull flag and the solid yellow lines are the limits of the converging triangle that Gold has now conclusively broken out from.

Made by Bit Brain with TradingView

The very thin dashed line is an interesting one and something which I only added to my chart yesterday: it’s a line running parallel to Gold’s previous climb. If Gold can once again climb like it did from 2000 to 2013, then that little dashed line is the path that it will follow: standby for possible $2000/oz Gold in November 2021. See the zoomed out chart below:

Made by Bit Brain with TradingView

For those who may be curious: that means $5000/oz Gold in June 2027…

Conclusion

After a week of ups and downs, I’m looking forward to seeing Bitcoin climb again soon. The media is speaking about Bitcoin much more than ever before. The mass media gets almosteverything wrong, but the exposure is still good. For the foreseeable future the altcoins will probably continue to suffer. Eventually the new money will find the likes of Ethereum, Litecoin etc, and then finally trickle down into increasingly smaller projects. For now it’s probably best not to turn your BTC into altcoins (which are NOT as good at storing value!).

Should BTC fail to climb for some reason, then it shouldn’t drop lower than the long-term trendline, now sitting at just over $10000 (which is also a psychological support level). That trendline is depicted by the thin dotted line on the BTC chart.

Ignore the media reports that try to state reasons for the recent increase in the prices of BTC and Gold. Once again, they miss the big picture and focus on stupid short-term issues like the Trade War or Zuckerberg’s pseudo-crypto. The big picture – as you know – is that fiat economies and the politically correct, liberal, yet despotic governments that support them are slowly losing public support as people wise up to their trickery and failures. If there’s one thing I would NOT store value in now then it is fiat based assets!

Yours in crypto

Bit Brain

“The secret to success: find out where people are going and get there first” 

~ Mark Twain

“Crypto does not require institutional investment to succeed; institutions require crypto investments to remain successful” 

~ Bit Brain

Bit Brain recommends:

Crypto Exchanges:





Wash Trading Trybe

 

Sadly it would appear that nothing is sacred in the world of crypto. This shouldn’t be news to any of us, though it is always sad to see when it hits close to home.

I have caught the exchange Daybit (https://daybit.com/) wash trading Trybe’s TRYBE tokens in an attempt to boost their apparent volume, at least that is how it appears. I’ll tell you the story and show you the screenshots – you can decide for yourself.

For several months I have watched TRYBE price fluctuate wildly on my “Favourites” list at CoinGecko. TRYBE is normally either my main winner or loser over the typical time periods of 1h, 24h and/or 7d.

From https://www.coingecko.com/en/coins/favorites (this is my personal list so what you see when visiting that URL will probably be different)

 

The active exchanges listed for TRYBE are Daybit and Newdex. Prices vary wildly between the two exchanges. To me that means one of two things: either there is an arbitrage situation or there is rampant wash trading taking place.  At first I thought I had found an arbitrage opportunity, but watching it over time I saw that the daily price changes of Trybe are nonsensically volatile. There should be no way that such a spread could be sustained with that sort of trading volume.

https://www.coingecko.com/en/coins/trybe

 

I decided that in order to do a more thorough investigation, I should get some skin in the game. Instead of blogging yesterday, that is what I was up to. Admittedly it took longer than expected. I had recently used my Scatter Wallet to carry out the WAX mainnet swap and things were looking unfamiliar to me in the already confusing EOS economy system. The WAX swap entailed importing new keys and switching networks in Scatter, as well as using both the old and the new (version 11) of the wallet. I elected to move carefully in unfamiliar territory.

I decided to withdraw a few TRYBE tokens which I have earned on Trybe in order to carry out the experiment. This was the first time that I have tried to withdraw from Trybe, so that took me a few minutes to sort out. Unfortunately it turns out that there is a delay in withdrawing from Trybe: tokens withdrawals are only processed once a day. On top of that: only 1000 tokens can be withdrawn at a time (though I remember reading that that would be increased to 5000 soon). I executed a withdrawal request, but then couldn’t afford to wait all day for it to be actioned. So I needed another plan to get my hands on some TRYBE.

Fortunately I had some STEEM and SBD available. I converted SBD to STEEM, sent all the STEEM I could lay my hands on to Binance, traded STEEM for BTC, traded BTC for EOS, sent EOS to Scatter, logged into Newdex with Scatter and finally traded EOS for Trybe. With that Trybe in hand I made my way to Daybit to run my test. I logged in and noted the previous trades. They looked like this:

From Daybit

 

As you can see: there is a long line of orders executed at a price of 0.00148560 EOS. It is important to note that they were all for just over 300 000 TRYBE and that they had been executed over a very short space of time. It had also been several hours since the time of the last trade. Before that time there had been a gap of many hours, and then a cluster of similar trades – already very suspicious.

With 0.00148560 as the selling price for all the trades shown and with the cheapest current order on the platform being 0.00148570, I decided to send my TRYBE to the exchange and place a sell order at a price of 0.00145000 EOS, which I then did. Take note: the price shown for all the “Recent Trades” is 0.00000010 EOS below the price of the lowest sell order – you will see why this is important later on.

I placed a Sell order for 14900 TRYBE at a price of 0.00145000 EOS (a limit order).

From Daybit

 

Nothing happened. Then more nothing happened, and finally a whole lot of nothing. Eventually I stopped watching went to sleep.

THE NEXT DAY…

I woke up this morning to find that (surprise, surprise), my order had not been touched, even though it was still the cheapest order. BUT: a whole lot of new “Recent Trades” had appeared in the logs:

From Daybit

 

Thousands of dollars in TRYBE orders had magically appeared during the few hours that I had been asleep. Once again: all the same price, all right after one another (and then absolutely no activity after that) and all for about 300 000 TRYBE. What was the price of those orders? Exactly 0.00000010 EOS below the price of my sell order…

So I cancelled my order and placed a new one at a MUCH cheaper price: 0.00080000 EOS. Anybody prepared to buy at 0.00144990 should immediately snap that up… but no, the order has now stood there untouched for hours.

From this I conclude that Daybit is using TRYBE to try to inflate its volume and to boost its popularity. As further evidence of this, I can offer the following:

Daybit uses four base currencies for its trading pairs: BTC, EOS, ETH and USDT. Here is a complete record of the alleged trades recorded for each of those base currencies over the last 24 hours (at the time of writing):

EOS – note the very high TRYBE volume and the zero volume for everything else except “DAY”:

From Daybit

 

BTC – a little bit of DAY (suspiciously close to the amount traded for EOS), some HUNT, a small bit of STEEM and a lot more zeros.

From Daybit

 

ETH – a world of nothingness – the list carries on, but as you can see I have ordered it by decreasing volume – nothing has been traded.

From Daybit

 

USDT – More nothing

From Daybit

 

As you can see on CoinGecko: the total claimed trading volume of Daybit over 24 hours was just over $500 000, most of which came from TRYBE.

From https://www.coingecko.com/en/exchanges/daybit

 

Yet my orders never even triggered.

I’m calling Daybit out on what is obviously Wash Trading. I don’t know why they have picked TRYBE, perhaps they feel it is “below the radar” enough not to get noticed. Hard luck Daybit, it’s been on my watchlist for months – and I don’t miss much.

Decide for yourself if I am right, I don’t see how I could possibly be wrong. In light of this, I will be ensuring that CoinGecko gets this information so that they can improve their “Trust Score” algorithm (which I have written about in the past). At the moment Daybit is too small to even get a Trust score, but the sooner CoinGecko knows about it, the more they can keep an eye on it and the better for us all.

Bad actors are a blight in the crypto space. I will fight them wherever I find them, be it a little wash trading by a small exchange or the mighty Facebook, Ripple or JP Morgan and their self-serving “cryptocurrencies”.

As a community it is up to us to self-regulate. Nobody is going to regulate crypto for us if we don’t do it ourselves. (Yes we all know the banks and governments will try in vain – much to our amusement!) Dishonesty in this sector is bad for us all, it breaks trust and gives crypto a bad name. Wash trading is a major problem, what you see in this post isn’t even the tip of that iceberg, some major exchanges do it all the time. We all need to stand together to say that we will not accept it.

I recommend that if you want to buy or sell TRYBE then you do so on Nexdex. It works smoothly with Scatter and is non-custodial – making it cheap, easy and secure to use – just as a DEX should be.

To the Trybe team: I suggest automating the withdrawal process and increasing the withdrawal limits. For Trybe to find fair price, get noticed and to gain popularity as a token, it needs to be traded, spoken about and visible on the exchanges.

For the record I don’t think that TRYBE is the kind of token that one should be trading right now: it’s still a small token and the value of such tokens lies mainly in holding them and staking them while they are still cheap. My readers will know that I’m far more interested in investing than in trading. As a community let us all try to grow our TRYBE in the healthiest way possible: let’s spread the word and let the price grow organically. I definitely suggest that you avoid using Daybit for TRYBE trading.

 

Yours in crypto

Bit Brain

“The secret to success: find out where people are going and get there first” 

~ Mark Twain

“Crypto does not require institutional investment to succeed; institutions require crypto investments to remain successful” 

~ Bit Brain

Bit Brain recommends:

Crypto Exchanges:





Not Daybit!

BITCOIN: first STEEMLEO post and some resistance at 11300USD

I have received the LEO token airdrop, corresponding equally to amount of staked PAL tokens I have today so, 1176 PAL = 1176 LEO , that’s amazing because STEEMLEO is one of the first tribes/communities created on top of STEEM in order for “investors to talk about anything and everything related to investing.”… and I have to join YES or YES this community for sure so, I hope @timm members would do the same… as well as @cryptopassion , @ew-and-patterns , @bitbrain , @workin2005 …

So, from now on I will get paid in PAL tokens and LEO tokens besides STEEM.

If you want more information about go and read this post and join the community! It is time to make STEEM blockchain greater!!!

Also you have further and extensive information here.

Regarding BITCOIN…

As I said yesterday in my post, it is very likely that the correction is finished but still we have to confirm the breakage of the 11300 USD resistance which is acting as expected since it was also a historical resistance in the past.

The things will be clearer If BITCOIN then overpasses the 12300 USD level ( B symbol on the chart) however I am not totally confident, the volume is doing some hesitating changes and RSI is clearly not oversold so I am keeping my buying order at 9400 USD placed 4 days ago just in case.

Enjoy!

@toofasteddie

Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

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