Cryptocurrency opinions, op-eds, speculation, and insights. Oh, my!
Tether tends to get printed before crypto prices stabilize or go up. The simplest reason for this is because Tether acts as a dollar substitute, especially on exchanges that don’t use dollars, and prices go up when people buy crypto… especially with dollars / dollar substitutes.
Crypto tends to move in fairly predictable cycles, this is that part of the cycle when everyone capitulates, panics, and eventually falls into despair. It is the popped side of a classic economic bubble. Luckily for crypto investors, this isn’t just “a bubble” it is a bubble in the crypto space (where bubbles are painfully common and markets are absurdly quick to form patterns).
A 66 page study is trying to assert that Bitcoin’s 2017 rise was the result of price manipulation using Tether… but the report is narrow and likely not telling the full story.
What Could be In Store for 2018 Based off Technicals and History This is an exciting and scary time in crypto land. Bitcoin, and crypto as a whole, is at a make it or break it point here on June 11th 2018. NOTE: See charts below and descriptions below for a better understanding of technical… Read More
I personally think Bitcoin’s 2014 price chart is worth comparing to the current 2018 chart, as there are many similarities. Here are some thoughts on the comparison.
Bitcoin has been bottoming out between $6k – $7k since its high. This can be explained in a few ways, including by the cost of mining and by some technical factors.
In some ways I’d argue that Bitcoin futures brought stability to crypto, as some said they would. However, they did it in a backhanded way that caused volatility and favored only certain types of traders.
The Justice Department opened a criminal probe into whether traders are manipulating the price of Bitcoin and other cryptos. The goal is to see if cryptos are being manipulated using tactics like Spoofing and Wash Trading
Coinbase has launched Coinbase Pro. Coinbase Pro replaces GDAX. It is effectively the same as GDAX with a few improvements to the user interface.
Here is a crypto news round-up for May 21st – May 30th 2018 to get you caught up on everything happening in the crypto space.
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