Briggsy's Bitcoin Blog - Saturday February 3, 2018

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Bitcoin on the daily chart has been running down a declining wedge since the 2nd half of December. This is typically a bullish signal, but not a guarantee.

I've marked February 6, 2018 for reason's I have forgotten at this point, but it was a number that was relevant in my mind some time ago, so I'm sticking with it.

The RSI has bounced off the 30 line, which is good because we were waiting for that. It doesn't mean Bitcoin is suddenly going to have a neck-breaking bull run, it just means that the odds are in our favor for a breakout in the north direction. The Big MACD is looking to try for another upward trend as well, so at least our ducks are in a row.

The word to pass around in the community is Hodl (is that a word?).

Please remember that I am not giving financial advice and this is just my opinion. What I do strongly advise is to get your information from multiple sources to get a broader perspective on the markets, but ultimately you need to developer your own intuition as well, so that you can feel confident in your market position. This blog is written for entertainment purposes only. I cannot predict the future; therefore this blog should be considered a work of imaginary fiction.

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Today's Crytocurrency Marketshare:

• 76.70% - Top Ten
• 42.18% - Top Ten (excluding Bitcoin)
• 34.52% - Bitcoin
• 23.30% - Other
• 0.255% - Steem
  

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The total Cryptocurrency market cap today was $441,315,000,000. Steem Marketcap Today was $1,124,740,000, or 0.255% of total.

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Today Bitcoin's Price hit a high of $9,431, a low of $8,252 and an average of $8,841 before closing.

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Today Bitcoin's Market Cap was $149,085,000,000 US Dollars.

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Today Bitcoin exchange trading totaled a volume of $7,263,790,000 US Dollars.

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The average Bitcoin transaction fee was $6.86 USD today.

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The average number of new transactions being added every second to Bitcoin's mempool was 2.171 today.

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The percentage of Bitcoin transactions using Segwit addresses peaked at 12.99% today.

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There were 187,538 new Bitcoin transactions added to the mempool today.

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The average block contained 0.99 Megabytes of transaction data today.

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Today there were 9,673 new transactions left unconfirmed by end of day. As per blockchain.info there were still ~33,000 total unconfirmed transactions awaiting confirmation in the mempool by end of day, with ~23,000 of those being stale transactions that may be stuck in the mempool.

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Article Spotlight: Cardano Blockchain's First Use Case: Proof of University Diplomas in Greece

Interesting article. While this isn't the first time someone has tried to put diplomas on the blockchain, this time is a little different.

The main selling point of storing diplomas on Cardano (aside from cryptographic privacy where only a hash is stored for each diploma), is that this project will store a record of each and every time someone requests to access someones diploma, including who asked, when they asked, who gave permission, etc..

An interesting use case. Maybe Cardano will have a good year?

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Video Spotlights

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if you want to be more proactive in this community, try using steemfollower (sign in is done through steemconnect using your steemit name and your private posting key - found in your wallet under permissions). This Video will explain how the program works. It is a great way to motivate you to produce great content, and to reward others for producing great content.

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Tip Jars:

Dogecoin DDizpbLrYzFNEZtEVvUXo8kKBKu3K7yLry
Bitcoin 32p67yperYxM8dEFXESL3oeBcEn4qP32cQ
Ethereum 0x54c0387Fd48Dc8D48D30069be2e18756b8d203A5
ETC 0x067511c327Bc68b73726F4410fEAdb47ed396425
Ubiq 0x3EDb86c57f7f495aE0963855Cc37BA64B40C7685

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As always; good luck, good wealth and good health to everyone on Steemit. Stay positive towards others and help the community grow. Thank you for reading and sharing. Comments are always welcome.