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– Bitcoin retracing, which is not surprising. After a quick price gain, there is retracement. Which we see time and again. You remember when Ethereum peaked at $400? Quickly back down again, yet still with very quick growth in a short space of time.
– Bitcoin cash showing the same signs of consolidation for the moment, sitting at around $700, which makes it around 17% of Bitcoins market cap. Not bad for a currency born a few weeks ago.
– Ripple a big gainer, you should know I love talking about Ripple. They confirmed rumours they are looking to break into the Chinese market, and there is building speculation of them entering Korea. The rumour is being spread from a tweet from Ripples social media team: https://twitter.com/blockstradamus/status/899839541128777729 A top reply to the image being that the logo looks a lot like the map of Korea.
– Now this is not financial advice and I am not a financial advisor. You are responsible for your own money. For those who are looking to get into bitcoin now is looking like a much more attractive time. But will we see it go lower? The secret truth behind this is, no one knows. So, what some may wish to do is move into their Bitcoin position gradually, buying a little bit every day or every week. Because if you go all in, and the price drops drastically the next day, your stomach hurts you know.
– But then the price will recover, for sure. What happens is when the price drops a little bit, and those weak hands that bought it while it was high notice they’ve lost some money, panic sell. And that’s a vicious cycle that continues until a certain support level.
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I am not a financial adviser and this is not financial advise. I’m just a humble man with a great passion for all things block-chain, even tangle.

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35 COMMENTS

  1. Yes, Japan was the test tube baby on "quantitative easing" by the central bankers on how to squeeze the life out it's citizens with 0% interest rates…..Bitcoin will give them a safe haven…!!! To give an example …after the brexit vote in the UK, the British £ dropped from $1.6 down to $1.28…!! The £5 in my bank account took the hit…….My Bitcoins took the rise..!! Love…Love…Love…!!!

  2. MONEY ALERT – Legends coin is about to go up big time! It is a gentleman club in Las Vegas and to get into the VIP room you have to buy their tokens…With the Conor – Floyd fight happening on Saturday there are going to be thousands and thousand of even more rich men than usual wanting to spend their monies and i just read that a professional gambler is going to put 300g's on Connor to win using Legend coins!!

  3. Best crypto channel on YT! What do you think about WAVES? I just saw that burger king made a Whoppercoin based on the waves platfrom. Awesome to see how crypto is starting to get more and more adoption. 🙂

  4. new sub here. EXCELLENT videos and great writeups on Steemit. thanks~

    As a tip to you, i have had terrible customer service experience w coinbase. a friend messed up his 2fa and cb locked his account with approx ~$20,000 in there. After 20 daily emails to support, and even a bounty offer on reddit, no human replied (only bots). It took calling a crypto lawyer who fortunately had a buddy who was an attorney at cb to get somebody in customer service to help get my friend sorted. This process tied up his acct for a month. Caveat Emptor.

  5. I'm enjoying your videos man. Keep up the good work.

    Also am I insane for investing over and over into Lisk? I have plenty of others – ether, bitcoin, eos, ltc, monero – but the fact that Lisk is so quiet and has so much coming up in the near future makes me think the price is pretty low currently. Also I like their voting system. 😀

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