Boost your stuck Bitcoin transactions with Bitcoin Cash, TPS comparison, historic bubbles and some thoughts about OIL. TGIF people!
Good morning and TGIF! Yesterday we had some long-awaited volatility coming back to the markets, that started with the NIKKEI blow-off top, at least for short term.
Usually the next day of these massive moves is the hangover day, but today is Friday, so expect nothing less.
About Bitcoin
Due to limited capacity and crazy-high fees, Bitcoin network seems to have a massive amount of transactions stuck. You can now superboost your unconfirmed bitcoin transactions by paying in Bitcoin Cash, a service run by btc.com.
Article via Trustnodes
Speaking of transactions - Stefan Thomas points out the TPS(Transactions per Second) comparison between Bitcoin and XRP. If you're a tech guy, you can catch up on the technology here, thats not for everyone though.
And finally - Convoy Investment have pointed out the rise and fall of some famous asset bubble. Via The Long View. In my humble opinion, it doesnt actually mean, that BTC is a bubble, but the chart is interesting and entertaining nonetheless.
About crude OIL
The price has been is rally mode for weeks. Yesterday we got news that Saudi Arabaia is cutting oil exports to all regions in December. Read the article on Bloomberg.
OPEC. Tensions are high in Middle-East, the Saudis are ordering all their citizens to leave Lebanon, due to the explosve situation. But - on November 30th we have the next OPEC meeting, which is gonna be the real interesting event - can the OPEC nations put their differences aside an sit down peacefully behind the same table? They might just have to. They must pay their cards right, as OIL price hitting 60$, soon everybody will be pumping oil.
This is the WTI oil weekly chart. We have hit the 38% fib and almost hitting the weekly 200 Moving Average, which, as you can see, has historically almost always produced a reaction. OVershoot is highly possible, but the level is here.
DAX daily. You can see where we stopped on the DAX chart ( the futs have gone a 100 pt lower easily though, but recoved for the morning).
Alright everybody, since today is Friday, let's not read too much into the markets. Be nimble and trade safe! Cheers!
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Well, bitcoin IS in a bubble and that's OK. It might as well reach to 20k or 100k before the bubble bursts but there's no denying it, cryptocurrency market is in a bubble.
People who get angry when you point out the bubble are thinking that we just don't like cryptocurrencies. No, the technology will stay - even bitcoin will stay and continue in the future but its CURRENT PRICE doesn't match its use value. Too many uncertainties - upcoming regulations, competitor cryptos, hard forks, ethically controversial practices - they all are potential needles that might burst the bubble at some point. After the burst, the tech will build up again with more use value and it'll still become successful.
Thank you, excellent points 👍
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Nice, you got a 69.0% @peaceandlove upgoat, thanks to @furious-one
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The @OriginalWorks bot has determined this post by @furious-one to be original material and upvoted(1.5%) it!
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Okay! That's interesting
I've resteemed your post!
please up vote this comment.
The chart is from… twitter.com/i/web/status/9…
Disclaimer: I am just a bot trying to be helpful.
All tagged and bagged, my dear spammer buddy :)
I also join In Discord app but my account was banned no notice how to join again @furious-one
If you were banned from PAL, you can find the appeal Discord link here in this article by @discordiant
when i click this link i see this (unknown invite)
Why this probelm?
Then you are probably banned from there too
How To Join Again?
nice share
nice share,thanks
You are talking about the tension in Middle East world. How about the North Korea one? The world is still feeling the tremors left by it last month. Isn't it?
People have got numb about the Norks... almost no day passes when we don't hear about Kim Jong's new adventures... i have been reading "South Korea or China sees signs of another imminent launch" for weeks now.... the media just likes to push things to the limit and cry wolf, when there really might be none.
Good morning.
Nice day !