Today is Friday and I hope all of you had a wonderful week.
Let's break down the most important crypto news for the week!
Here is what you need to know! Quick and concise!
Ethereal Summit
In case you missed it the 2017 Ethereal Summit took place May 19 in Brooklyn, New York. The summit was a gathering of Ethereum enthusiasts and developers who spent the day discussing the future of Ethereum and decentralized applications.
Here are the big 5 takeaways from the summit
Institutional investors are coming!
Blockchain goes way beyond cryptocurrency
Blockchain Technology and Cryptocurrency are attracting an increasingly diverse audience
Ethereum value is exploding higher!
Blockchain and Cryptocurrency are here to stay
Get the details and my full analysis with the link below.
Ethereal Summit 2107: Complete Analysis
Consensus 2017
The third annual blockchain technology summit was hosted by Coindesk on May 22-24 in New York.
The event had more than 200 speakers and 2,000 attendees. Workshops at the event covered everything from blockchain and healthcare to the rise in ICOs.
Check out @crypt0 to watch some of the videos from Consensus 2017. He also puts out a lot of great information on cryptocurrency.
https://steemit.com/consensus2017/@crypt0/consensus-2017-live-stream-by-crypt0
(Let me know if you would like me to do a complete analysis for Consensus 2017.)
Bitcoin Scaling Agreement Consensus
“Cointelegraph has reported that a number of leading players of the Blockchain industry have reached a consensus in regards to the Bitcoin scaling solution. This break in the scaling debate stalemate is a new, highly significant boost for the Bitcoin ecosystem.”
“According to sources, a number of Bitcoin businesses owners, including Barry Silbert (Digital Currency Group), Roger Ver (Bitcoin.com) and major mining players Jihan Wu (Bitmain) and Valery Vavilov (BitFury), have come to a general agreement at the currently ongoing Consensus conference in New York.”
Read more here
The jury is still out on this however…
People may want to look into Litecoin (LTC) as an alternative to BTC while the scaling issues remain.
Market Correction! Everyone Panic!
Today the markets experienced a strong correction, with red nearly across the board.
In my interview I did with Rogue Money today I share my thoughts about the market.
I explain that, because of the recent crypto summits and hype,a lot of "uneducated" money has entered into the space. As we experience a correction, those new to cryptocurrency and unaware of its notorious volatility, will panic sell. This will snowball, deepening the correction and pushing prices lower.
Do not panic! Crypto will most certainly experience even larger price swings in the future. Be smart, patient and disciplined when acquiring assets.
If you want to hear all of my thoughts about the markets and everything blockchain, check out the full interview here
(This is not financial advice)
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If you are interested in buying BTC,LTC or ETH check out Coinbase, you will get $10 of free BTC after your first $100 BTC purchase, using the link below.
Coinbase.com
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If you want to stay up to date on crypto news follow my blog @digicrypt.
DASH: XgQ9NBonMoCPKhF37agY4W8zk7gwQFnwGV
Litecoin: LfqygtBxy3AJgEpTnTMUYGEoTYEcED8YPZ
This correction was very expected though. But BitCoin is not done yet, it will start to climb again after the correction. Ride the wave...
100% correct. Expected...if you understand the crypto market, the point I was trying to make was, for people who are new to the market and who are not familiar with the volatility in the market, they may panic and panic sell. I think some of the price drop reflects that.
You are right, BTC is not done! To be honest neither are some of the other alts IMO...just taking a breather for a bit :) I still maintain that we will see a separation of a few coins with great communities, projects and utility that will take off and some of the alts that got pumped and have no future. We will have to see. Thanks for reading! Keep Steeming!