Crypto is down this morning especially the leaders such as EOS and LTC. The upside damage has been done to the bears and a well deserved breather is OKAY at this point. The major moving averages have been crossed and now we need them to hold. This is the time where you accumulate on the down days baby!
I am looking for EOS to not drop under $4 and to hold the prior resistance again. LTC is pulling back faster and the rest of the crypto space will follow. The only asset that isn’t that is of importance to me is
Talk about a complete shitshow of an IPO. LYFT went public a little over 2 weeks ago. After pricing at $72 by the crooked bankers, LYFT opens the market at a price above 85. Thank the big bankers for that. You can see what has transpired over the next ten trading days from this pump above the price.
A plummet. That’s right, straight down. LYFT is puking and is already down 24% from its IPO price and 35% from its opening price. That means if you got fed the bullshit by the big banks and bought the day LYFT went
Twitter is on the move this morning holding the $34 and moving into the resistance level of $35-35.50 for it seems like the 1000th time. A small pullback was needed to relieve some pressure but I am looking for the Tweeter bird to break through this level this week.
A strong open is some mega progress and I believe if the market holds in today we may get a good upswing t continue the now bullish trend. The pattern is there, we just need this baby to resolve higher. The longer it stays at the top end of this range,
I will be the first one to be honest about kissing the beginning parts of this rally back to all time highs (pending). I nailed the breakdown in Q4 2018. I nailed the low on Christmas Eve. I did not hit the Rip back to highs. Once the 200 day was taken back without a single down week, the Bears has fumbled and the bulls were in full control.
New highs are practically inevitable at this point. This V was a massive velocity move that was faster than the down move. I am expecting new highs this week in fact.
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!
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.
Discussions you should be part of
Reddit
Pixabay image
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.
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.
Now, even cryptocurrency wealth can be passed on to offspring.
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
Other reports and updates in the news.
Formal engineering executive of PayPal and Google to join the team of the more-awaited Bakkt platform.
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.
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”.
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.
EOS to the gig hustlers’ rescue.
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.
There is a deduction fee of up to 25%.
Payments of work done take some while to be received.
There is an absence of a fair level of exposure.
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.
Other updates in the news
Mozilla beta version of Firefox now blocks web-based cryptojacking.
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.
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
The crypto band continues to stretch and many other crypto’s are striking first. Bitcoin is currently trading around $4200, however as the band stretches one can see the gravitation towards the massive breakdown area at $6300. This is pivotal because I can see the market forces taking prices there before analyzing the overall fundamentals and market conditions again deciding where to go forward. The breakdown area is a pivotal point where buyers threw in the towel and sellers pressed. This works in reverse as well. Now the sellers are on the run and the bulls need to show up.
It’s another day in the wonderland of cryptocurrency. Unless you are not an active follower, you should be able to observe the newfound market positivity that gives a feel reminiscent of the early days of the previous market cycle.
The optimism in the air is so genuine, ordinary cartel’s manipulation would have a hard time staging it. If this has one message to whisper to you, then “it is to be ready and be vigilant“.
You wouldn’t want to miss the upcoming market uprun especially if you are a type that witnessed the last market boom like me but have little or nothing to show of it. I am not trying to chill anything to you or persuade you into purchasing anything, and of course it not advisable to give-in to another person’s opinion in the cryptoverse particularly if you don’t know their level of expertise.
I consider myself a very raw amateur who has a lot to learn in many aspects, but if there is only one message to direct at your face, I will scream “be ready“. Why would I? Because I can resonate with this same feeling. Not taking my emotions and judgment into consideration, the optimism is kind of real, made even more obvious by many indicators, some typical examples are the volume of trades, news of serious accumulation, and RSI signal of an overbought market.
Again! Be ready and be careful.
Enough of the rant!
Let dive into today’s digest about recent activities and report you should know about.
The Digest
As promised in yesterday’s digest, I mentioned introducing another promising EOS dApp I found interesting today. As an individual who tries to keep to his promise. I bring to you a social network dApp called KARMA.
You must have heard about the law of Karma which states; the good or evil you do will one day come back to you.
This exactly is the mission set out to accomplish by KARMA.
In our world full of inequalities of all kinds. Much of the world are less privileged to have what the top people possess, in terms of food, shelter, finance, and a good standard of living.
Many from parts of the third world countries are in extreme poverty others from well-developed countries can hardly imagine. You would hear of a complete family of four members feeding under $5 for a week, some hardly have anything to eat at all. Approximately 3.1 million children die of starvation each year.
This is an astronomical figure if you imagine counting per head basis, for crying out loud Iceland in an independent country with just over 330,000 people.
There is no swift aid that could quickly eradicate this, except if all countries converge to direct extensive spending to remedy this cause. But, since such a move would have a hard chance of being propagated.
Then, it is at the hand of every able person to do his bit and assist the less privilege found around us.
KARMA EOS dapp is established to encourage people to show some affectionate towards the less privileged around them by rewarding their act of goodness through token incentives through the implemented functional reward mechanism in the form of community votes, donations, and sponsorships. Everyone has some good to show.
Visit https://www.karmaapp.io/ today, download the Andriod or iOS app and start participating in this good cause.
Some information and discussion you should be part of.
Towards the later period of the ICO bust, exchange listing was a popular announcement that could make an investor or trader skip a complete day meal out of FOMO. It was a strategy many found attractive to multiply coins by scalp or swing trading and then jumping onto the next promising coin.
Those who were lucky enough made riches with this method but the majority who were not were burnt badly (I fall in the later category).
Exchange listing apart from its speculative effect is a good way to give a project more exposure or provide better liquidity. Recently, one of the largest exchange “Coinbase” announced the listing of three coins namely: Augur, Maker, and EOS, on its open trading service Coinbase Pro. As a very reputable exchange, this listing is having a somewhat significant impact on the price of these coins over the past 24hrs. Read the reason for this move now on Cointelegraph.
Entry opportunity for the average Joe.
Decentralization by its core definition has no barrier to entry, no censorship, no single point control. These are the attributes many expected any entity entering the sphere should keep to mind, but that is not the case with leading exchanges. Their operating servers are built with centralized design, customers are kept under some restriction, freezing of account without notification and so on. This was the case of Bitfinex – a top cryptocurrency exchange with a huge barrier to entry which minimum requirement to start trading was set to $10,000.
After many persuasion by many traders from different regions, it was reported that the exchange has dissolved the wall to entry and cancel such pre-requisite, paving the way for fleets of traders to join the platform with no minimum required entry fund. Read the in-depth updates on Coindesk.
Get some laughter with this meme as I round-up this digest.
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.
