Next Crypto Bull Run Will Exceed Your Wildest Expectations
On today’s episode of The Cryptoverse…
I have hand picked 5 top crypto news stories of the day, including stories on the size of the next bull run, a new crypto documentary, upgrades to the Monero network, a potential increase in centralisation of mining in China and the decentralised journalism platform Civil failing to reach its minimum fundraising target.
Table of Contents:
The Next Bull Run 1:06
Cryptopia Documentary 4:02
Monero Upgrades 5:14
Civil ICO Refund 7:26
US Tariffs On Mining 9:06
Charts Of The Day 11:16
●▬ Get Paid Crypto To Watch My Videos ▬▬▬▬▬●
https://www.patreon.com/TheCryptoverse
●▬ Support The Show In Other Ways▬▬▬▬▬●
Sign up to our sponsors: https://www.thecryptoverse.show/#_ln3u69r10
Sign up for RoboForm:
https://www.roboform.com/?affid=c5489
Sign up for Private Internet Access: https://www.thecryptoverse.show/pia
Buy online courses: https://www.cryptoversity.com/courses/
Buy Bitcoin: https://www.coinbase.com/join/56e9586dba1a7901da0004d4
Buy a hardware wallet: https://www.ledgerwallet.com/r/d1da
●▬ Donate Crypto ▬▬▬▬▬▬▬▬▬▬▬▬▬▬●
Bitcoin: 3Fo7Uri2R4MLBbZZ3Ja1ryiXnto8BfqFL1
Bitcoin Cash: qqjjyt543y0untmq6w5em6h82u60kcaqpywxm7x75w
Ethereum: 0x0de0E11E0812982652AB68F903643b0cddD4C0a8
Dash: XbrDZbmqUvUUYsPnj8eSLTLqccXe6QvGoz
DigiByte: DBGFU3KLBiLHa6ZfeorxzfeYaA76Joa36B
LiteCoin: LKLvp8owSjqbNRo3iT2fwgzCF6XBZVC4ig
NEO: AYpGCzgWsZvR6f3fvfDKKkbcCKU1KFU8kd
EOS: chrisjsconey
●▬ Social Networks ▬▬▬▬▬▬▬▬▬▬▬▬▬▬●
Steemit: https://steemit.com/@marketingmonk
Twitter: https://twitter.com/ChrisConeyInt
Facebook: https://www.facebook.com/Cryptoversity/
Telegram: https://t.me/TheCryptoverse
Email: http://eepurl.com/dlPc9P
Reddit: https://www.reddit.com/r/TheCryptoverse/
Minds: https://www.minds.com/marketingmonk
Gab: https://gab.ai/chrisconey
●▬ Sources ▬▬▬▬▬▬▬▬▬▬▬▬▬▬●
WHY FIDELITY JUST REMOVED A ‘HUGE OBSTACLE’ TO INVESTING IN CRYPTOCURRENCIES
https://bitcoinist.com/fidelity-nasdaq-not-alone-cryptocurrency/
Torsten Hoffman has a new movie coming out called Cryptopia
https://www.kickstarter.com/projects/bitcointheendofmoney/cryptopia-bitcoin-blockchains-and-the-future-of-th
Monero to Become First Billion-Dollar Crypto to Implement 'Bulletproofs'
https://www.coindesk.com/monero-to-become-first-billion-dollar-crypto-to-implement-bulletproofs-tech/
Media Startup Civil to Issue Refunds as $8 Million Token Sale Fails
https://www.coindesk.com/media-startup-civil-to-issue-refunds-as-8-million-token-sale-fails/
US Trade Tariffs Hit Chinese Miners
https://www.trustnodes.com/2018/10/16/trumps-tariffs-hit-chinese-miners
Charts of the day
https://coinmarketcap.com/currencies/gemini-dollar/#charts
https://coinmarketcap.com/currencies/trueusd/#charts
https://coinmarketcap.com/currencies/bitusd/#charts
https://coinmarketcap.com/currencies/dai/#charts
https://coinmarketcap.com/currencies/tether/#charts
https://twitter.com/BCEXofficial/status/1052232123644440576
▶️ DTube
▶️ IPFS
I like your optimism and your practical take on stable coins. News segment is helpful. Thanks.
The stars do all seem to be aligning and Fidelity news is great for the market!! Happened to speak to a very senior guy at one of the biggest Nordic banks last night and there is another BIG money laundering story akin to Danske Bank brewing which will no doubt add some more fuel to the fire. Great show again, thanks Chris!!
fidelity investments sounds like a great way to bring mass adoption and lead to massive new highs in the next bull run - I would love to see 100,000,000 new investors start to develop FOMO and see Crypto hitting new heights too...… I haven't bought any Monero yet - have been focused on limiting diversity to only 5 main investments , but Monero is a great option at current price
re: stablecoin arbitrage - it is a real thing, and I do it often - especially recently with the USDT scare. There's much to gain between the top BASE coins on Poloniex (BTC/XMR/USDC/ETH), the top BASE on Binance (BTC/USDT/BNB), and even Kraken has a USDT-USD pair. Can use BTC and EUR to buffer, and then use any of the coins that are rising that day to further buffer.
Here's your dose of conspiracy wrt stablecoins - what if all these stable coins are a precursor to Fedcoin, a Government-backed stablecoin, which will be airdropped to all holders of ALL non-privacy coins AND replace US dollar over some period of time. People will be incentivized to exit dollar for cryptos on a predetermined list, at pre-determined ratios, over a pre-determined period. By some date in the future, all taxes must be paid in Fedcoin.
Fedcoin would be modified fork of bitcoin. They'd implement universal basic income at same time, allotting some amount to each person monthly unless they earn. Each citizen assigned a private key. All the early adopters have a huge incentive, of course.
Can't happen? Venezuela mandates passport fees must be paid in Petro
I have though about many similar scenarios and possibilities myself- great insight. The tech is a tool, but can be used either way; for harmony and growth, people will have to stand and empower themselves and we help by sharing knowledge<3
.
I really can't see how Bitcoin WON'T explode soon. As you said, Fidelity and other just looking at the TA. It's getting tight into that wedge...it's gotta blow!
Also, I really liked the platform of Civil. Looks very pretty...really REALLY wish Steem looked exactly like Civil. Man that would be awesome. Anywho, Civil made no sense to me as an investment. All you can do with my investment, really, is to participate in determining if posts are "fake news". It's not for the passive investor. Its for those who want to partake in "free media" and blah blah blah. Kinda feel like that's what Steem is for.
Anyways, great video!
There's a good chance that it will go lower first. These big investors will want to get in at the cheapest price. Bear markets last longer than most people expect and I fear there's too many people saying the bottom is already in. I'm not selling but I'll keep some fiat ready for a possible bargain basement.
As you said below, I think it's because of TA (descending wedge) that I think it's going to burst upward. So in my eyes, you have TA + FA pointing to an increase in price, not a decrease.
I know big investors want the cheapest deal, but unless they can create some insane FUD, it ain't going to drop below the $5800-6000 range. It's touched that base 8 times now.
I would agree but there's been so much good news to spark the bull run and it hasn't happened. It looks more like a descending triangle than a wedge to me and they break down more than up. Buying here might be a good idea but I'm not going all in yet.
I think everyone is paying attention to the wedge. Even big institutions and they are being patient. they want the best price, and I think its going to have maybe one or two more cycles of bouncing around before it explodes.
Notice how as it moves these past two times, it's almost like a quasi-stable coin...kinda sorta flat. People are being very careful before making big moves.
The Fidelity news seems huge. Strange how nothing can move this market much at the moment. People that think TA is BS, should look at the Bitcoin chart at the moment. The big triangle is almost at an end, looks like big moves soon but nothing can make it breakout at the moment. I don't care how TA works, it just does.
I am still not too impressed with the volumes in the alternative stablecoins. However, it could be more of a fact of the diversity that exists against the leader Tether. It would be interest to see a stablecoin dominance chart to see how the market share in total market cap and volume has changed over the last couple of weeks.
I believe the Bakkt Launch is set for November, which will allow Bakkt to start physically delivering Bitcoin future contracts for fiat currencies, including USD, GBP and EUR, meaning that Bakkt will be buying Bitcoins on the market and storing them in their platform for the duration of these contracts.
In my opinion a physically backed Bitcoin future contracts is a very bullish sign for Bitcoin and the crypto markets in general.
I am a Bitcoin maximalist and Hodler and realist, and November is just the next month, so why are crypto investors still not bullish? The Bitcoin price is more stable than ever?
The problem with Coinbase has been a very limited choice of cryptocurrencies (albeit the biggest ones). These new onramps (Fidelity, Bakkt etc) will give many more options and will look more like traditional investing platforms. Coinbase was just the beginning and of limited use to the average person who still doesn't understand crypto.
I think the links between the 'old financial system' and these new platforms being created by that same legacy financial system are part of the key for mass adoption. I like how you characterized it - they will 'FOMO straight into crypto.'
I too am disappointed in the Civil ICO not reaching their softcap. I think people didn't understand their model, but I believe it's needed. Hope they succeed eventually. Keep up the good work!
AFAIK, the easiest ways for newcomers to get into cryptos are sites such as Coinbase, Uphold, Abra, and others like them. Despite that, it may not be easy (or convincing) enough. The older crowd would likely prefer to invest using an established brand that they trust. With Fidelity soon allowing its customers to invest in cryptos, it streamlines the process - making it just as easy to invest as a stock/mutual fund. Then the next bull market will begin!