So what is next!? Boooom or Doooom...
Market Recovery
We have decent recovery somehow...we didn't have double digit recovery for ETH and BTC but we do have some gains for Cardano and it bounces better than anything else, looks solid but also a little bit "rocky" at the same time...
We will move forward as long as there is no more FUD :)
with that said let see some history
Historically
We had a few major BTC dips followed by a major rally!
This could happen again! Might not... but could...
:)
SEC CryptoCurrency Senate Hearing
It heavily depends on world governments like for example the CFTC Chiefs (Commodity Futures Trading Commission) are having a senate hearing and we have no idea what are they going to discuss in these meetings but we can only hope that is positive (hmm..)
They can finally give some clarity and give green light to institution money to move in, more than they have...
It could be just another one of those meet ups where they talk about it but they really don't give any clear indications on what they are going to do...
Or they just come up with bad news and the whole market plummets under our underwear... :D
Who knows?...
Credit Card Crypto Ban
Some more unsettling news
Bank of America, JP Morgan ban credit card crypto purchases
They say that it is due to risks! Even though you are allowed to go to casinos, get a cash advanced, max out your card so you can gamble!
So it is not that! It is not...
They are also sighting anti money laundry but in my mind it is more because they don't want you to leave the system, if you gambling, ok, you are still in the system
Crypto currencies are a threat to big banking and maybe by the end of this year we can see a banning to wire transfer to and from places like Coinbase,
I don't know..
Hopefully not
I mean I think it is unlikely, I think the backlash should be immense but it's not outside the realm of possibilities
Bitmain Reversal
Bitmain, if you didn't know it, they sell the Antminers, the big Chinese mining company, they were accepting only Bitcoin Cash payments for the Antminers, the idea is that they like Bitcoin Cash because it preserve their Asec boost technology which they patented so they want you to use the coin
They have now accepted USD payments for these miners
I don't know if this comes for a low popularity for Bitcoin Cash payments or not
I recognized that they have dedicated a lot of hash power to bitcoin but I still dislike Bitmain and any other giant pool that were using these Antminers
The reason being is I blame them for Segwit not being implemented in 2015 and dragging their heels about it, in my mind to simply preserve their Asec boost advantage which Segwit gets rid off!
So this is primarily one the main reasons we haven't seen more innovations on BTC in so many years because we needed a transaction malleability fixed which Segwit does!
If it wasn't for them not allowing upgrades to BTC, we had to use a threatened fork...the user activated soft fork was a threatened to get Segwit, we had to strong arm them to get it and now, finally, we have stuff like the Lightning network, etc. etc.
With that said i am not trying to dissuade from buying a miner if you really want to, I don't personally mine, I think the return on investment in most cases is just too slow and you can make more money holding the coin, I am sure there are going to be examples where this isn't the case but I don't personally mine
My Fav Top Coins
So with the market in green people maybe are a little more confident picking up their favorite Alts
Here some huge market cap coins that I like personally
Icon
Ethereum
Bitcoin, Ya, I like it.. :)
Nano
Vchain
and Eos
Some of my favorites...
Do I hold some of them?
No!
I am joking..hehe
Now if you want mentality and trading advice I cannot recommend this post any higher... :)
Crypto Coaching
Now if you wonder where to start cryptoING around I would suggest looking up for a guy called Andreas M. Antonopoulos, the open blockchain expert
He does a very good job explaining these whole technology, he is passionate about it and you can find him in many youtube videos out there also he has a site (https://antonopoulos.com/)
One of the big problems of Bitcoin developers is that they have not solved its shortcomings and many people who only had interest in a fast and cheap payment system, decentralized or not, simply became disillusioned. To this we must add that at the beginning of the year the cryptocurrencies almost always suffer.
that is very true! hopefully we will see changes soon
Booom if we have the power to stop thinking about short term all the time.
Coins mentioned in post: