Segwit2x News, Parity Hack and Poloniex Litecoin News Make For a Bitcoin Rocket This Am!
Bitcoin is Up Nearly $300 USD This Morning.
Yesterday after I heard about the Parity hack I immediately made some moves in my portfolio to protect against any possible damage to the markets. Frankly, in the past hacks would cause the market to tumble. So I did something very conservative and moved into Bitcoin and SBD's (SteemDollars).
We also had some very positive news overnight as it looks like Segwit2x is happening. I believe this will cause Bitcoin to reach and pass its all time high. Are we out of the woods with the Bitcoin drama? Hardly, these knuckleheads will find a way to mess with my money again.
Then Poloniex goes and freezes trading of Litecoin on its platform. Poloniex still has not given a reason why they did it. Reminder once again, do not use that exchange!
The Crypto Currency Markets Passed $80 Billion in Market Cap.
Less than a week we were as low as $61 Billion now we are sitting at $89 Billion at 10am EST. BTC dominance has also been steady at 47%. This is a very healthy sign for the markets. It looks like we might have recovered but as we all know it only takes something horrible like the Parity hack yesterday to bring the markets to their knees.
Things seem to be trending in the right direction. Once we get over this uncertainty phase without a hard fork, green lights ahead. The market cap just broke above $90 billion. Lets get back to $100 billion.
Even though cryptocurrency is highly volatile, it is still the most exciting thing I have come across in the tech world ever!
Very useful material... thanks for this info :)
Useful update and poloniex as always sucks
I wasn't expecting to see Bitcoin do what it did today! I'm still skeptic...
STEEM hasn't followed Bitcoin yet. It's pretty flat today...
If Bitcoin goes on a run it will take a while. It acts like a rubberband, dragging the market with it up and down.
Great to see it seems like people are having more trusts in the markets and reinvesting into cryptocurrency.
I think some of it is also down to the recent things said by McAfee and other big people that brought more people into cryptocurrency increasing prices.
The markets are pretty shaky at the moment but let's see if they remain stable.
This is a great news for us all. It show that even a big change can not change how people believe in Bitcoin.
So I prefer bittrex but you have to be conservative with a market that has behaved very volatile
We are all in constant concern.