About big funds hoarding Bitcoin, Bitshares fee reductions and a guide to global markets ny JPM
Good morning traders! As thought, STEEM keeps marching on. What's next -$10, $20? BTS and XRP have already made nice headway and both these might have more to go, along with STEEM.
At the same time, Bitcoin's market share of all cryptos is hitting an all time low. Big boys came to Bitcoin with futures trading and retail started pouring to alts immediately. Many of us crypto traders have left the forex and global indices just because of the big players manipulating the markets all the time. Not to worry, there are many coins that have the potential to keep the bread on our table.
BITCOIN, that has been chilling in a lull, got a kick a few days ago and made a nice jump to 15,5K on the news that Peter Thiel’s Founders Fund has been secretly obtaining loads of Bitcoin (since 2012!). What's suspicious though, the big funds usually announce this when they have loaded their positions and pockets and soon need to dump.
Via Bloomberg
In my opinion, we are not out of the woods yet. The decision will be made around the light blue area, where we will either break more upwards or start another big leg down, which, according to a measure move, could take us down to around $8000
BITSHARES
Apparently there is voting going on for heavy reduction of Bitshares fees, according to this tweet from the official Bitshares account. While those fees aren't really big currently, compared to, lets say the fee of doing a BTC transfer, doing many BTS transfers and these fees add up substantially.
Via Bitshares
Follow the voting here on Bitsharestalk
STEEM has hit almost $9 (might vary a little, depending on the dataprovider). It is a major advance and for a technical analysis guy like me, it might get hard to analyse these moves wit hthe same accuracy as forex, but one thing that I want to point out - the RSI is not nearly as high as on the previous spikes. So not sure if we are done yet. Sure, we can have a pullback to reload :)
A massive 2018 First Quarter "Guide to the Markets" is published. It covers economy, equities, various other asset classes, investing principles and much more. If you want a little more insight on the markets and the economy, this is guide for you.
Found via NickatFP, thanks
Read the full guide here on jpmorgan.com
BTC humor
This tweet is doing the rounds on reddit, Twitter and others. Apparently the guy was pissed that he sold his 1700 BTC at 0.30 USD and not keeping them for $8! Well, at least he is not the guy who threw away a harddrive filled with Bitcoins :D
Via reddit
Enjoy your day everyone!
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Title image from pixabay
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BuildTeam
Very interesting article, @furious-one!
We believe in the STEEM! But after such a strong growth there should be a correction) We will wait for correction and buy)))
The same applies to Ripple! I believe that it is now very oversaturated and there must be a deep correction and further growth to $ 10)
My dear friend, what do you think about BCHUSD?
https://steemit.com/bitcoincash/@maksym7/what-i-expect-from-the-bch-in-the-near-future
Not a fan of BCH, looks heavy :) Thanks for commenting
I think a rebounce will occur at around $6.17. And the it will be another rally to the $9.70. The first wave I predict quite accurately, I hope that I'm right for the second run to. (Check #5)
p.s. Check my blog I also write TA could be interesting to follow me. Some samples: BitShares: #5, #6; Steem: #1, #2, #3, #4, #5; Bitcoin: #21, #22, #23.
Interesting post on BitShares, I've been equally interested in this crypto & platform. Do you think it will increase in price? I am planning to invest in it.
Have followed you, please do post frequently!!
BTS will increase in price :) The platform will become more and more valuable over time
Maybe it's good to keep some bitcoins this year rather than altcoins? What do you think?
I'm definitely holding some :)
Thank you @furious-one. One thing I've never forgot from my past days on the trading desk was not to underestimate the significance of technical analysis. I am hoping for a pullback to reload and power-up.
Definitely. I was waiting for a pullback to 2-2.5 to reload, when it was above 3, it seems i missed the train :D
I hear ya. Its hard to catch a speeding train.
I guess there are many more people who wish they had not sold their Steem at 2$ or 3$ now :) Expect a few more Tweets like that in the near future
Haha, that's right! Keep hoarding STEEM like a dragon hoards gold!
The man who sells 1.7K BTC must be very sorry. In 2011 alone BTC already in the number $ 8. Now see for yourself, the price exploded to the number 15K.
I remember Warren Buffet's quotes: I'm not willing to own a stock for 10 years. do not even think about owning it for 10 minutes
I like bitshares, have used it to buy the buildteam tokens and like those even more...
Keep buying :)
very good post and very high quality.
but what do you think about the price of steam and sbd earlier this month.
What is your opinion?
Earlier this month? Nothing much to think, as long as it keeps going up, i'm happy :)
Thank you very much for sharing the nice article with us.