RE: BTC- What does this chart look like to you?
Not a fan of technical analysis, but this clearly shows BTC has reached another support level. Many other tokens have too and we just have to wait for the supply to catch up to the demand now. It's obvious that now is the best time to purchase bitcoin in the past year and cryptocurrency technology has made significant progress since one year ago.
Not being into bitcoin, I prefer Ethereum, Stellar Lumens and Steem. All three have come a long way and are more functional their BTC grand daddy. I'm not recommending that now is a good time for anyone to be buying cryprocurrencies however we will be seeing end of year bonuses and more excitement as there is less to do outside and the stock markets are testing their limits again. In short, don't think your money is safe with BTC.
It will be interesting to see how things play out from now until the spring. There are also tax refunds to think about. Possibly tax related selling as well.
Started my tax loss shopping last week. Don't forget those wallstreet bonuses too ;) lot's of people have been following bitcoin and may find these levels more attractive than during last seasons craze.
Good point. Either way I think spring will look pretty good for crypto again. Hopefully steem is still around by then.
Interesting that you mention Stellar Lumens. The same friend that dragged me into crypyo asked me to setup a wallet and a line of trust for him a year or more ago. The result left me holding some. Have not thought of them since then. Any links or explanation why you are bullish on them?
They are extremely fast and cheap to send around, costing less than a thousandth of a cent to do a transaction. IBM has a strong partnership with them and helps develop a lot of the tech. They are giving most of it away for free in a controlled manner and there is no better way to spread the acceptance of a currency than to give it away. It is not for profit. They have a great decentralized exchange www.stellarx.com which allows for the tokenization/trading of any asset. ETC. I once wrote a post about it here
Sounds a bit like what is trying to be done with SMTs, no?
Thanks for the link! Will check it out.
P.S. A great read! Really like the idea of SDEX; being somewhat paranoid of exchanges since Gox' demise.
Thanks, I'm gonna get back into writing more about cryptos and money. Just started, not a pro grammar by trade. My back ground is in investing, fundamental analysis and cats