Sweet Dreams Are Made Of ETH
Market Report: 18th April 2019 — Subscribe to our newsletter.
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OUR TWO SATOSHIS
The daily view from our desk
With a long sunny weekend ahead one can expect a few shandies will be consumed. But, make sure you go to this supermarket in Wales, as they mistakenly offered their customers ‘free alcohol’. Also ensure you don’t drink Carlsberg, even they admit their beer isn’t nice. Or if you want to crank it up a notch, make sure you drop into this professor’s class, who went off-piste with his curriculum.
EVERYBODY’S LOOKING FOR SOME KING
“HODL YOUR HEAD UP. KEEP YOUR HEAD UP”
Sweet greetings, readers. Due to the Easter holidays, our newsletter will resume next Tuesday. As the crypto markets won’t stop, let’s anticipate some scenarios for the weekend break. To begin, Bulls and bears are seeing the same thing, albeit from different angles — the pessimistic believe it will take a lot of time to weaken the current resistance, while the optimistic feel it’s wrong to short it.
As usual, each author’s frame of reference will help you decode the meaning of their analysis. Take the case of Jonny Moe, who “can’t stop drawing bearish things”. That’s because this trader is focused on daily and short-term swings. However, Josh Rager, a permanently cautious trader, believes BTC will continueto range for “weeks to come” — meaning it can pump and dump while sideways.
SWEET DREAMS ARE MADE OF ETH
“WHO AM I TO DISAGREETH”
On the other hand, Panda of Binance — formerly Ramen — “thinks the bull market could be already here”. This is because this character is focused on long-term trends. This helped Ramen foresee the extent of the bear market in 2018. But he acknowledges this bias and clarifies the market will continue to be “boring” until the current range breaks. Or not, if we consider alts’ moves.
As at least 74 altcoins appreciated more than BTC over the past seven days, it’s reassuring to see that, as Hsaka notes, ether seems to be waking up and leading new rallies. Alas, even XRP started moving after months of bleeding. However, don’t eat too much chocolate during the weekend. As the wise DonAlt recently remarked after he surveyed his audience on their sheepcoin holdings, “everyone can invest however they like”, but going deep on alts is always risky.
WHAT YOU CAN’T MISS TODAY
DON’T LEAVE FOR THE WEEKEND WHAT YOU SHOULD READ TODAY
▪ Are you confused by MakerDao’s Dai, the most popular decentralised stablecoin on the block? Reserve issued a great review of its protocol.
▪ Are you confused with zero-knowledge proofs? Parity’s Nicole Zhu helps you understand this cryptographic mechanism “through illustrated examples”.
▪ Are you confused with Bitcoin’s seemingly low price in comparison to all the hype? Eric Elliot, a “distributed systems expert”, argues the price should be $6k.
▪ Are you confused with Bitcoin’s millionaire high price targets espoused by some? The team behind Genesis Node explains “the road to $1m per Bitcoin”.
▪ Are you confused with the way the US SEC is handling cryptoasset regulation? Then listen to Crypto & Grill’s latest podcast episode featuring Hester Peirce, the SEC Commissioner who is most in touch with the cryptosphere.
▪ Are you confused with all the talk about cryptoasset mining? Kraken just released a great primer of that process, its players, economics, and externalities!
▪ Are you confused with the Craig Wright vs. the world soap opera? Well, Bloomberg decided to interview the angel himself to explain “his cartoon cat fight”.
QUOTE OF THE DAY
FORK OR GET THE FORK OUT
“I disapprove of what you say, but I will defend to the death your right to fork it”
- By Richard Burton