Cryptomarket Thursdays

6/15/2017

I will try to post these updates every Tuesday and Thursday.

Today in the cryptomarket, Bitcoin has taken a nice little dive to the other side of $2500 (at time of writing). Researching last night, I contributed the steady dip to larger share holders still skimming profit before another correction as well as the discord of the bitcoin scaling issue.

As ethers market cap slowly gains on bitcoin, there is speculation that ether will be a better and more stable form of currency..

This I have to slightly disagree with. Although ether has seen alot of publicity from main stream companys like Microsoft and Jp Morgan, it is still being jumped by dozens of other new coins using the ethereum blockchain. If most of these new coins turn out to be scams, I fear it will stain ether and we will see a price flux as confidence dwindles.

As cryptos go into the red these next set of hours, try to keep in mind that as the price lowers, veterans of this market are hungry and waiting for the best signal of an upward correction. Buy low/ sell high, mitigate risk, and remember....stop loss is your friend:)