The Crypto Bubble is Popping; But Crypto isn’t Over
Clearly cryptocurrency went through a price bubble phase and now the bubble has popped. However, this is only one phase in the history of crypto.
Clearly cryptocurrency went through a price bubble phase and now the bubble has popped. However, this is only one phase in the history of crypto.
Below we present a list of reasons why Bitcoin and altcoins dropped from their all time highs in late 2017 – early 2018. In other words, we examine factors that impacted the January – February 2018 correction.
Bittrex’s CEO confirmed that after some updates Bittrex will soon reopen signups to new users and allow USD trading.
A lot of conspiracy theories were going around about Tether. Tether addressed these theories and ensured everyone that they Tethers are backed 1:1 by dollars and they have been audited.
It can be tempting to sell low or “just hold”… but buying the dips (by setting limit buys near support levels) is generally profitable.
Cryptocurrency has been historically volatile. The only way around that is increased volume. The more people who are using and trading, the less any one person or event can cause volatility.
Bitcoin transaction fees are substantially lower and transaction speeds are substantially quicker than they have previously been.
Big crypto corrections are always scary, but they are common and somewhat predictable. One plus is corrections like these present a great opportunity to slowly and methodically create a position for the future.
Bitcoin is rapidly being sold off, it is taking the entire crypto market with it. It is happening at a quick pace with sell orders overwhelming buy orders… like the exact opposite of the last Bitcoin boom.
GDAX announced a partnership with Trading Technologies (TT), a professional trading software company. Starting in March TT customers will be able to use the TT platform to trade on GDAX.
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