Bitcoin ETF, behind closed doors. Other tokens to consider.
# Don't count out the Bitcoin ETF just because the Winkevoss Twins did not get their way.
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Nasdaq had a closed door meeting with the SEC, "Several cryptocurrency exchanges have already entered into agreements with Nasdaq, to use their market surveillance technology to help with self-policing". You know what they say, "Buy the rumor, sell the news" The current rumor is that the Bitcoin ETF will get approved, if you buy now and hold it, when the news comes out it will be worth a lot more, that is how this works. If you are an investor you will just hold it will not matter, but if you are looking to swing trade, buy now, sell once the Bitcoin ETF is approved. Many are predicting a $30,000 Bitcoin, some are calling for $50,000 https://smartereum.com/2404/bitcoin-price-prediction-2018-can-cryptocurrency-hit-50000-this-year-bitcoin-news-today-fri-jul-27/.
I look at the Technical Analysis, and I see that we are close to breaking the 200 Day Moving Average, once that happens I will confirm that the Bull Run is now.
Notice the Red line, that is the 200 day MA. Also notice the Blue line starting to curve up, that is the 50 Day Moving Average, if that crosses over the Red (200 Day MA) that will signal a Golden Cross. I Predicted the Death Cross which signaled the long Bear Market, now I am predicting the Golden Cross, which signals the next Bull Market. If we get the Golden Cross,#### I predict we will see a $30,000 Bitcoin Minimum!**
Tokens to start collecting before the price Boom
- **ADA Cardano **- This is the next evolution of Ethereum.
Notice, how solid the support is, the bottom has not been breached! - MAN Matrix - This is another evolution of Ethereum, using Artificial Intelligence to optimize it.
Matrix holding over the 50 day Moving Average. - **Neo **- China's take on Ethereum, also pays dividends, that is huge!
The upward pressure is building, the MA has served as resistance but the pressure is building live a volcano, we will rise, hard and fast. - Ark - ARK provides users, developers, and startups with innovative blockchain technologies. We aim to create an entire ecosystem of linked chains and a virtual spiderweb of endless use-cases that make ARK highly flexible, adaptable, and scalable. ARK is a secure platform designed for mass adoption and will deliver the services that consumers want and developers need. And they pay daily dividends!
Over sold, ARK with its dividends will be huge in the time coming. With it over sold like this it will bounce up!
- IOTA - This is a hedge against blockchain, Tangle Technology (zero fees and fast), may or may not be an improvement, time will tell which is better. I see IOTA $12.00 this year.
IOTA over sold and held down due to some FUD, will bounce back with Authority! - Holochain - Another hedge against blockchain, this tech utilized the encryption technology that blockchain uses, but it does not use POW or POS, this potentially makes it less error proof, but it also makes them use way less energy. If they end up being error proof, they win the investment will likely gain 4000% in a year. Please understand that this is a big if, the same if goes for all the others.
I am not a financial advisor and this is not financial advice, invest at your own risk.
Now, if you were to invest which will you go for? I call it, your online teaching, is more than being a financial advisor. Thanx for this 'training' @embomb701.
LOL, @Purity15. I am invested in all of the above (and many more). Again I am no financial advisor, but my financial advisor always advises diversity. So Bitcoin is the main Crypto, and all of the others are the alts to hedge against it. Holochain and IOTA, are similar technologies hedging against Blockchain, while many of the Alts are just companies leveraging the Blockchain in different ways. If you have 1000 to invest I would say unofficially, 30% in bitcoin, 20% in Ethereum and the other 50% in Projects that you personally believe in. I am glad to share with you my moves, but they are only that, the moves of a guy who is knowledgeable in blockchain (working on a Blockchain expert certificate at the moment), but not a financial advisor.
Thanks 😀😁😂😀😀.
You are very welcome my friend.
I am not a rich man, I take 100-200 every paycheck and invest it. 100 for weeks with no OT and 200 or more when I make a lot of OT. Over the course of a year that adds up, and when Bitcoin returns to 20k or more, it will add up a lot faster!
Sounds encouraging @embomb701. More Grace and wisdom. Thanx.
My pleasure friend.