🎥 Cryptocurrency Market Overview | 24.10.2019
Hello dear Steemians and Dtubers!
In this video, I commented on the yesterday's price drop of Bitcoin. In addition I analyzed the price chart of BTC/USDT on different time frames using Technical & Candlestick analysis. Also I outlined some important price formations and patterns on the price chart that are worth paying attention to.
Then I commented on the following news on CoinTelegraph:
- Announcement of Bakkt of the First Regulated Options Contract for Bitcoin. I shared my point of view about the impact of this news on the price of Bitcoin.
- An article with a title: 3 Likely Reasons Why Bitcoin Price Crashed — And What’s Next for BTC?. I also shared my point of view on the reasons mentioned in the article.
- An article saying that Bitcoin Below $8K Is a Buy Zone. I expressed what my point of view is about such kind of recommendations and if it is worth paying attention to them.
- An article explaining Why Blockchain Startups Fail. I explained what in my view are the reasons behind the current bulk of failures of blockchain projects.
Enjoy watching the very long video and, please, comment!
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last over 13 years, and as a cryptocurrency analyst for the last 2,5 years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency trades, investments and etc.
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Thanks for a really great video @cryptospa, and very much interesting information, and yeah Bitcoin doesn't scale and I don't see any development to make that blockchain scalable.
The fact is that I don't think that Bitcoin will solve this, and it's not just about being able to scale, it's also about their 10 minutes between blocks, it needs to take max 3 to 5 seconds to confirm a transaction if it's to really compete with Visa and Mastercard.
More to the point is that I am leaning to think that having a unified global ledger that everyone uses is a dead end, and that the idea with Holochain is ultimately much better, they don't have that, though I am uncertain if their technology are secure enough.
But those are just my thoughts, and of course I will stay with Steem, I'm not here to make some quick cash anyways, I just want to use it as a platform for my blog and vlog, and keep on compounding.
Stay Awesome!
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Thank you for the awesome comment, @flaxz! After having read your comment and the info about Holochain, I've started to read about Holochain. Do you mean this one: https://holochain.org/ ?
Yeah that's the one, though I am not up to date on that project, but I did read up a lot about them before their ICO.
Very interesting comments on the news in media!
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Thank you! I am happy that you liked the video.
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Thank you so much for participating in the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 3.46% upvote! Together, let’s change the world!
Thank you!
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