Another wild day in Crypto:
Cryptocurrency Markets Cross .5 Trillion USD in total market cap. - Wow! I have no idea what it means. Even if the high prices do not last it is a great movement in spreading the word that Bitcoin (and the Alts) are still alive and have a thriving group of consumers.
Exchanges are struggling with the volume and/or are getting DDOS attacks.
The lag has me reluctant to try to make any "Day Trade" type moves.
The Alt Traders have a good day.
When the big Alts can have double digit growth against Tether, and several of them at the same time. That is an impressive move for the CryptoMarkets.
SBDs begin to correct - The best thing about the SBD pricing was it directed funds back to rewarding active Authors.
A lot of things are happening around Crypto and soon we will find out if all this attention and growth is sustainable. In the long run, I say yes, but it sure feels unnaturally fast and that gives me reason to remain cautious.
What did you see in the Markets today? Do you think this is all a bit too fast?
That's the best part of steemit. You get paid in half SBD and remaining goes to curators.
Nice. That the capitalization of markets means that there is more money at stake, why there are more cryptocurrency circulating and they have a higher value each time they go up.
I know they are still few, but I am sure that every day more people change their lives when they start in this world.
It might be to fast. On the other hand, it’s about time. I’m just looking for signals that it’s a bubble.
The most obvious bubble move hasn’t happened yet, as far as I’m aware: direct USD printed to buy crypto. We had that in the housing bubble but not so much in the dotcom bubble, so it’s not a perfect indicator.
The mechanism for the federal reserve to support a bubble directly requires decades of infrastructure. This is the purest form of malinvestment.
I can imagine a method to launder fed printing presses into crypto, but each step has to unwind when the time comes, which delays the burst a little each layer.
My wallet is happy right now!
Ripple goes. It seems that the coin has finally decided to wake up. LTC and ETH are feeling a stop after Coinbase halted their transactions. Seems like people are investing more in LTC than in any other coin. I see a lot of potential in coins like NEM, ADA, Ardor, NXT, Bitshares, Monacoin and Dodgecoin.
Everyday in crypto world is full of ups and downs. It's so exciting. The good news is more and more people are joining it.
Thanks @whatsup for writing and sharing this post.Keep it up. It's helpful.
Steem On.
Market cap is going insane its just a matter from now on when we will see it as the world biggest economy
alts having the time of their lifetime today :)
yes cyrpto markets are acting strangely these days. And the way thing are moving it is very hard to predict the investment options. the main reason is that the bitcoin price is not sable and it's going way too fast.
Cheers!
@whatsup,
"but it sure feels unnaturally fast and that gives me reason to remain cautious."
Yeah I have the same feeling! LTC made a rocket to moon but for how long? ETH, BTC networks are slow and progressing millions and billions of transactions by 3 transac to 5 transac per second! Then investors made a wrong choice again by LTC :D
SBD is not at a correction, it might rise more, for me it should be at $10 and hope it might PEG at $10 and investors are still not understand the value of STEEM/SBD and BTS! Hope they will, don't know how long it will take!
Anyway for me STEEM is the best choice! Wish to see it at $4 margin soon and then rise rise rise!
Cheers~
Nice post, well it's always good to see nice green day in cryptos but i think if market moves only in one direction then it will be boring, i like to see both pumps and dumps because it makes the market interesting and it also opens up a opportunity for us to buy low and sell high, i think if SBD market correct's at least 50% then it will be good time to buy SBD's, Stay awesome and thanks for sharing
@whatsup - I also feel cautious about this sudden hike... Ma'm if this continuous, governments have to print more fiat currencies.... :) So, I feel horrible things are not going well for me ma'm....
+W+
Great to see the alts getting some of the trickle down from BTC. BTC was up to over 65% of total market, which I feel is too high for longterm sustainability. I think somewhere between 30-40% would be good for the market, also making it less volatile to the massive swings BTC can have
I always remain cautious too but I'd like to be rich as quickly as possible. Let the cryptocurrencies go to the Moon.
Goodinformation
i like your post,thanks for sharing
have a nice day @whatsup
Hey,What's up???
yeah..got it and do it...
Wow...LTC now rocket...wow...
Good information by @whatsup
I'm realy know crypto currency can change my future...
Cheers~~~
Currently I see SBD going correction and steem price in $1.8 level now. It slowly rise up and slowly dip. I saw today early morning, cryptocurrency market cap Cross .5 Trillion USD from @czechglobalhosts post. I think crypto market going rocketing in future. Its possible thing.
I want trading, your analysis help me. Keep helping such a good idea.
@whatsup sir...actualy I'm new xomer in this platform and crypto world...
But I always try learn something every posts..and I'm followed strong steemian in this platform..bcz...I want learn more about c4upto and steemit...
So..I'm become your fan...and I always try followed your blog...
Good luck...
whats happening in next few years is all paper currencies finish from world and only the crypto currecncies will be the reall currencies or not if all paper currencies will finsih then how we measure the crypto marketcap and also i happy to see the xrp and ltc price in usd pair @whatsup
.5 Trillion USD market cap my mind is blown away with this one : O
the balance seems to be increasing quite well ;)
Great post.👍
The attacks are kind of normal thing in this situation
Seems like me when the numbers get out of my reach of counting then i do guess everything is normal or better lol.
The only answer about stability will be answered in time !
its just a beginning of a joyful ride :)
sbd going down finally after a long time but poloniex has disabled it lol
wild ride cryptos are going mainstream with this one for sure
This bullish trend will continue for years may be
wow the market cap is going crazy its breaking its own record each day while alts too are picking up at good pace now and yeah we are finally seeing a down trend in sbd prices
I have reading a lot about different altcoin since I am going to trade some and your analysis helped. Cheers!
SDB price also rising,so it seems like SDB also gonna make a change in crypto world+