Crypto is Flirting with Breaking the Downtrend
Bitcoin has been in a downtrend, along with the rest of cryptocurrency since mid January or so (the exact date differs by coin). Now many coins are gearing up to break out of the 2018 bear market.
Opinions and Op-Eds
Cryptocurrency opinions, op-eds, speculation, and insights. Oh, my!
Is U.S. Tax Season a Threat to Crypto Prices?
U.S. taxes are due April 17th. Some speculate that money will rush out of crypto before and in after. Both of those things are logically possible.
Using Your Intuition to Manage Your Crypto Position
Logic is super useful for investing and trading, and the fundamentals and trends are your friend, but your intuition can help you figure out if you are under-extended or over-extended.
Bitcoin Inching Up Toward $7k Again, Alts Perform Well; Otherwise Uncertainty
Bitcoin has been rather rangebound recently, bouncing between strong support in the mid-$6ks and some resistance around $7k. Meanwhile, many alts have preformed well in this environment.
The GBTC and KimChi Premiums are Melting Away
The GBTC and KimChi premiums (explained below) are at some of the lowest points they have been in months. How one should interpret that is in question.
Crypto is in an Undecided State… and it Likely Has Little to Do With News and Events
Bitcoin is sitting at about the price it was before the mania kicked in last year ($6.6k-ish). There is a lot of buy pressure, and a lot of sell pressure. Although the approaching U.S. tax deadline is relevant, the price likely has little to do with recent news and events.
Watch For Bounces in the Alt Market
As cryptocurrency experiences volatility in the short term, there is likely to be a lot of little rallies. On each rally altcoins have a chance of bouncing.
2017 Was a Bull Market for Crypto, 2018 Has Been a Bear Market
Cryptocurrency believers are arguably right to believe in the future of cryptocurrency. But in terms of price, 2017 was a bull market and 2018 thus far been a bear market.
Bitcoin Retakes Ground Breaking $7.4k
Bitcoin retook some ground yesterday after a rough week and broke $7.4k. Many alts reacted with price increases. If these levels can hold, or if Bitcoin can work its way back, things could start looking up for crypto again.
Some Pros and Cons of Cryptocurrency (from the Perspective of March 2018)
Cryptocurrency is full of risks and rewards. Thus, it stands to reason it carries with it a number of pros and cons. Here are some pros and cons of crypto to consider.