Good morning traders! Whoever takes a look at some of their crypto holdings, might see some of their worth disappeared - well, the recent dump in BTC, LTC and XRP has been due to Coinbase announcment to add BCash to their list of tradable instruments. Not to worry, these corrections are only healthy, the world has not ended.
The announcement was followed by a proper BCH pump and has caused the internet to react with accusations of insider trading, some calling Coinbase even "Conbase".
Via Cryptoprofits
User stardust on Twitter makes a valiant effort to teach us to read satoshi prices before the new year. Truth be told, this part has always been a little vague to me and i bet to some others as well, so props given where props deserved.
Via stardust
Traders spooked as Asian crypto-exchange Yapian suspended it's cryptotrading and filed for bankrupcy after it's systems were hacked early Tuesday (again! Weren't the same guys hacked just in May this year for $5.3 mio?). According to their statement, approximately 17% of their assets were hijacked. Customers can withdraw up to 75% of their holdings, the rest will be looked at when the bankrupcy is settled.
img via pixabay
Not to worry, the dips will being bought, for now.
Read the story on ZeroHedge
Chief Executive of British Financial Conduct Authority, Andrew Bailey has a warning for all. According to him, all buyers of Bitcoin should be ready to lose all their money. Whether Bitcoin is here to stay or just passing through, remains to be seen, but one is for sure, cryptos are taking over and they are here to stay.
Read the article here on CNBC
Why is there value in cryptocurrencies? The CIO (chief informative officer) of a crypto hedge fund Blocktower Capital, explains why he sees cryptos exploding in the next few years. One of his examples features physical sale of a bond, and failure to deliver, whereas with cryptos, the banks could just share a database and eliminate quite an amount of backoffices, so he sees cryptos in that field as a major database upgrade. The reforms have already started.
Read the article here on Business Insider
A comic about Bcash. It clicks with me because they used ducks instead of people and cryptos in the comic. And whats that thing BCash is standing on?
Via Hisham Fahmy
Charts? Well okay then.
There is a bull flag on EURUSD daily and it feels like it might pop soon.
There is also a flaggy formation on EURUSD H4, the plagpole is a little too short compared to the flag, for my liking, but still, feels like a coming pop.
BTCUSD H4 - this correctino has been in the works for a long time and is only healthy, might even correct more but it's the natural part of a trend. Keep your heads cool.
Thank you for reading, keep it cool out there and trade safe!
Check out Chainbb, an alternative frontend for STEEM network. If you like forum style, that's the platform for you.
Title image from pixabay
Are you looking for Minnowbooster, Buildteam or Steemvoter support? Or are you looking to grow on Steemit or just chat? Check out Minnowbooster Discord Chat via the link below.
BuildTeam
With big banks like Goldman Sachs and J.P. Morgan investing in Bitcoin and the NASDAQ trading Bitcoin futures, the legitimacy of cryptocurrency is now established no matter what network talking heads might say.
I would have to say that nobody has missed the boat, and it is not to late to jump in.
Yeah, the "bubble" skepticism is overblown. You're not in a bubble if network talking heads still say that it's a bubble, and the average person is still skeptical of the asset.
I remember just how involved everyone was during the dot com crash. I was a kid, and some of our teachers even had us play "The Stock Game" in order to practice investing. That's how ubiquitous owning dot com stock was back then. We're not even close to that right now in my opinion.
thanks for you input. it's good to get feedback from people who actually remember the last bubbles
im with u on this one, definitely
I was glad to see my LBRY holdings went 4th on my personal ranking. It was so exciting! :)
Thanks, I always had hard time to convert satoshis to BTC and now you got me all set :)
haha, who didnt? this was helpful for me too
Thanks for the updates. From what I can recall, Coinbase more or less got pressured into offering Bitcoin Cash a while back after users complained. Their original position was not to list it at all.
I doubt that Coinbase orchestrated anything, although I don't discount the possibility that some whales may have worked together on the sudden Bitcoin Cash surge.
Ripple and Monero are coming to Coinbase as well, so my bet is on them performing very well not too long from now.
What can we do ? What must we do ?
Good morning
Keep up the good work
thanks for your post @furious-one
Fragen über Fragen!!
Bitcoin cash seems to be the story of the day