TMX Group Ltd. Just Legitimatized Cryptocurrencies in Canada
TMX Group, home to the TSX and TSXV stock exchanges, is one of the most of the world’s most trusted and efficient capital markets. Shorcan, one of TMX’s wholly owned subsidiaries, announced its intention to launch a cryptocurrency brokerage. In partnership with Paycase Financial and BMO Financial Group, the new brokerage service will launch with an initial focus on Bitcoin and Ethereum.
It will be the first exchange-owned crypto brokerage in the world and instantly provides a degree of legitimacy to cryptocurrencies.
The markets move in cycles. What's significant here is Bitcoin as the new Barometer of Measurement. All other cryptos exist relative to Bitcoin. It's cool in this regard as we are in the process of layering a sound financial system that is mathematically reliable. Early days. Personally, I think it's quite cool to chart/track your favorite coins/tokens relative to Bitcoin.
If we take a longview here for a moment - a big picture outlook - we can see that Bitcoin is becoming more and more substantial as a news worthy story. Opportunities are plentiful for those with the privilege of time to take personal responsibility for best practiced accounting.
I mentioned that all crypto's move relative to Bitcoin. It may be early days to say this, but all forms of money/investment move relative to Bitcoin. How you look at things and make decisions about any form of investment for safekeeping and future development, should take into serious regard the actions and behavior of Bitcoin.
If you take some time to start playing with technical analysis, you will become proficient in a very natural way - where you're able to see the patterns quite obviously and can participate in making your best market decisions from beyond the speculated frenzy of the instability of basing your decision on a gut feeling of fud or fomo.
All of the Alt coins are down quite a bit relative to Bitcoin. Litecoin I think is standing the strongest relative to Bitcoin. I say this based upon the fact that If you look at the timelines of the last 3- 4 months. the self-correction has been quite similar. Showcases a process being walked in close parallel.
Steem Thoughts - Price is a decent buy right now - price has corrected about 5x relative to Bitcoin self-correction. Steem price could tread a bit lower... lots of super strong support though at lower levels...Steem could definitely have a more substantial jump once the price of bitcoin rebounds effectively in stabilizing it's self-correction and begins moving as the Bull by the Horns here.
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thanks for the info
I think any news that helps to legitimize bitcoin is good regardless if it pans out or not. I like this with regard to steem and I agree with your analysis about how everything else is relative to bitcoin. I plan to scrounge up some more cash and buy steem because it is soooo hard to earn it on steemit lol. I feel like steemit is doomed because long form content is out of vogue
very good info to share. am very glad we are getting some positive news about crypto adoption especially by big players like TMX group and hoe more adoption comes so the value goes above its former status.
thanks for sharing and lets keep in touch. upped
Very interesting, I'll have to look into your first statement here. Thanks for the info
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Agree because Steem keeps making higher lows, and lower lows, the uptrend will be confirmed once we get past the $3.00.
However, a nice accumulation level for Steem is near the $1.00 area. Because I believe in the platform, I might just have to go against my rules and pick up more at this level...then ride price to the MOON.
Good news for crypto hopefully slowly many more updates like these come
That's a pretty interesting turn of events. This is huge in terms of adoption for cryptocurrencies. Not only does it bring in many institutional investors, but it is important as it shows how mainstream cryptocurrencies has become.
Check this game out, look close with an open mind with what this new concept is doing with open source Ethereum ERC-20 smart contracts, decentralized exchange and passive income. The game is on it's way to passing the crypto kitties game on the Dapp Radar. The smart contract is coded to tax 10% of the ETH. when users purchase the (P)roof (O)f (W)eak (H)ands tokens and divides the ETH. tax to people who are already holding and also 10% of when users sell “20% total”. The name of the game is to hold as long as you can while you get earnings from the constantly taxed “Strong hand” buys and the taxed “weak hand” sells. If you don’t want to play anymore, you can pull out all your earnings all at once but with a 10% tax fee that gets divided to the stronger hands. This is what the ERC-20 smart contract is programed to do. Doesn’t hurt to look at the contracts open source code at least, don’t let the opportunity pass you by.
https://powh.io/?masternode=0x32c37e7ca38be1f85cd9e85c81ac9b6730f43e3e