Good morning traders! Let's start the week with an easy post and on the right foot!
My favourite twins, the Winklevii, announced on the Cboe Risk Management Conference, that their cryptocurrency exchange, Gemini, plans to add Litecoin and Bitcoin Cash options soon. If you look at previous occurrencies of cryptos being added to major exchanges, they have always been preceeded and followed by a spike in the price. The Gemini exchange currently only supports Bitcoin and Ethereum.
Do the twins have any more good predictions for us? Of course they do:
They also predict that 2018 is going to be the year when institutions and Wall Street shrug off their skepticism and join the party more proactively.
Among the twin’s other forecasts surrounding the crypto economy is last month’s bold claim that bitcoin price could grow by as much as 40-times its then-contemporary value. If that prediction indeed comes true, one would be valued at approximately $350,000.
Want to catch up more on this and view the highlights? Head on over to btcmanager.com and read up.
Found the biggest Litecoin bull! According to Marius, we have a mere 35 or so days to move to circa 1500 on LTCUSD. I'm a big bull of Litecoin myself and over years have learned to be patient, minor downswings don't matter to me, but this guy is taking it a few notches higher. His target sure is ambitious, but I surely won't be arguing with him, as every trader likes opinions, that solidify their on bias :) That is actually meant with humor - i suggest everyone does their own research.
Via Marius
Best cryptocurrency chart award of the week (and the week hasn't even started yet!) goes to OUNO ŁTC, who tweeted a Bitcoin chart from his platform
From OUNO ŁTC
Have a jaw-dropping chart of your own? Share it!
Are you a trader? This shouldn't feel familiar to only cryptocurrency traders, but to all traders - forex, futs, commodities as well. As one who has spent some decent years in forex, a familiar sense ticks, when watching this video of "the struggles of a trader". Make sure that you have the subtitles set to ON.
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Litecoin should see a decent jump should they be added to Gemini, they have a lot of larger individual investors and institutions on their platform thus the purchase amounts are likely to be larger than other exchanges.
Nice！
Coins mentioned in post:
Why does everyone focus on Bitcoin? Bitcoin isn't your only opportunity for success. It's best to find the lesser known coins that are working on ground breaking ideas that will be used by the world in the future. I mean look at Ripple. My buddy found Ripple when it was trading at $0.006. He sold Ripple at $3.15. In less than 2 years he profited $10,500,000. oyea
Because Bitcoin is king and is the major market leader, still. But this post focuses more on Litecoin than Bitcoin really. And i have a portfolio of mostly 4 cryptos, about which i will probably write a bit, soon - none of it is in Bitcoin though.
Bit and Lite coins are a big catch now,
lets see the smaller coins now , thats where we have chance
Disclaimer: I am just a bot trying to be helpful.