Yesterday Bitcoin (BTC) suprised everyone and made another huge move caused by BitMex XBT (BTC) to be liquidated to the tune of $83 million. That has caused Bitcoin (BTC) to see a juicy pump above $8k. The disconnect between Bitcoin (BTC) and the altcoins was lessened as the alts caught up to Bitcoin (BTC) somewhat.
Coinbase made headlines today with a partnership that allows for e-gifts to be rendered with cryptocurrency in limited geographical locations, and the subsequent sensationalist headlines that followed were quickly discussed on reddit. Doing your own research is paramount, and using the resources available to you accordingly can pay off huge in the end.
Stellar Lumens (XLM) also made headlines today in it’s adoption into TransferTo’s cross boarder payments and remittances options. Stellar Lumens (XLM) provides a similar service to what Ripple has and although it doesn’t match up to the numbers RippleNet is doing (with Santander and SBI Holdings using RippleNet) it’s good to see competition in the space.
Yesterday Bitcoin (BTC) has made another huge move bringing it above $8,000. It’s is once again due to Bitmex BTC Shorts being liquidated to the tune of $84 million dollars. Will it be sustained? We have a look at the pressing issues at play today and what to make of it all.
Could Cryptocurrency be bearish for another 6months? It could. Is that likely? No, but no one knows the future in this emerging space.
Comment below and let me know your thoughts!
Also beware of desperate publications reusing old stories for added FOMO and clicks… Learn to trust certain publications and always double check your information across multiple sources.
Doing your own research has never been more important.
With Bitcoin (BTC) Futures in play by CME and CBOE there are analysts saying that’s the reason for BTC prices to drop and that we might never see extended bubbles like late 2017. I doubt that is the case, but so far this year has not been good.
With so much talk of Bull Run’s and Lambo’s it gets kind of sickening to hear whilst everything is TANKING. Some think it’s ridiculous and they’re not wrong. Experts and Shills alike all think Bitcoin (BTC) is the next big thing. That if FinTech (Financial Technology) really catches on – and why shouldn’t it – it is after all far more efficient to run things on a blockchain. The benefits of a consensus algorithym is plentiful, and current applications are making headway in large multi-billion dollar industries. It is just going to take time. Along with that, comes the idea that institutional investors will come with their ETFs, Pensions, and large amounts of capital to help bolster up this market. The past few months many who once toted themselves as pioneers are found questioning the very existence of life, being put on suicide watch, etc
Please, if you are feeling those feelings know there is always someone you can talk too.
Cryptocurrency is something you can really get behind, really sink your teeth in. Aside from other investment options I’ve outlined here, Cryptocurrency can provide a better future for us all, and financial freedom to those who would otherwise not be able to achieve it.
Join our growing community of like-minded individuals to explore ideas worth exploring, to share ideas worth sharing, and to help place the next brick in the bridge to a better future.
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*** The content seen on this channel is not financial advice, always do your own research (DYOR) and invest wisely. I immerse myself in these markets every day to bring you the relevant news as it happens, and am providing insight that should be considered my opinion! Happy investing everyone!
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