Cryptocurrency opinions, op-eds, speculation, and insights. Oh, my!
“Looking to the future from the vantage point of January 1, 2015”; Or, “these were the top ten coins then, and where are they now?” We have compared the top 10 cryptos of Jan 2015 with the top 10 of Sept 2019. Comparing these is one way to test common ideas like “the current top… Read More
Poloniex blocking US customers on May 16th started an altcoins slump. Will the last of the geoblocks by Binance on Sept 1st cause an altcoin pump?
US users who were geoblocked from exchanges like Binance can still use MetaMask (and other ETH-wallet / browsers) to access DEXs like Kyber or IDEX to trade ETH tokens.
When GBTC and ETCG trade at a premium to the underlying assets, it is generally a sign that crypto is bullish.
A Forbes article pointed out that Starbucks, Nordstrom, Whole Foods, Etc accept Bitcoin. Actually the truth is both more exciting and less exciting than that.
So here is the state of the market: Bitcoin is going parabolic, major alts like ETH are holding up, low caps (alts with low market caps) are getting crushed, and lots of big news (bearish and bullish) is all being met with BTC increases.
Initial Exchange Offerings (IEOs) tend to have a high / risk reward. When investing in an IEO, you should consider the project and exchange it is on carefully.
One could argue, based on some factors like Simple moving averages that the BTC-ETH pair is bearish and at the same time the BTC-USD pair is bullish. It is the same for many alts.
The above chart shows Bitcoin 2010 – May 2019. In my opinion the current price action is similar to 2012 and mid-to-late 2015.
Altcoins are currently in a mode where they go down when BTC goes down and down when BTC goes up. That is never a fun part of the cycle for many traders and hodlers.
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