Bitcoin is Primed for a Christmas Surprise - HERE'S WHY! [Crypto News]

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all right welcome back everybody to
altcoin daily where you follow me
on crypto every day my name is
rohan365 and in today's steemit we have some
major things to talk about we're talking
Bitcoin cash there's another update
regarding their upcoming hard fork are
you ready
we're talking aetherium there's another
announcement coming out of that came out
of DEFCON 4 have you heard about it and
of course of course bitcoin we're
talking about bitcoin the end of the
year potential December rally and why
one analyst Maddy greenspan has new
information why he says that we will see
a December bull run so let's get into it
and in question to you do you even still
believe that we will see 2018
quote-unquote bull run does the word
bull around make you sick are you
nauseous have you heard that word so
many times that you don't want to hear
it anymore
and I get it believe me I get it sucks
it sucks to see the market down for
eight 11 straight months in a row sucks
to see your portfolio drain I'm in the
same boat we're in this together but let
me ask you a question if we've gone 11
months of 2018 you know sticking
together riding this out are we trying
to give up now we are so close so many
things are happening behind the scenes
are we really are we really trying to
walk away guys I have three news
articles for us you're gonna like
today's steemit blog so one more news article
won't kill you right let's just check
this out nearly 11 months into a bear
market we know that that has seen the
Bitcoin price take a two-thirds haircut
from its all-time highs
the flagship cryptocurrency Bitcoin
could be on the verge of a year and
rally okay Maddy Greenspan senior market
analysis that eToro has been watching
for a Bitcoin breakout for some time now
and he says that the crypto
currency market will see a quote-unquote
Santa Claus rally
heading into the new year and of course
we've suspected this for a while because
not only in cryptocurrency but and as he
says in traditional markets is very
common to see a stock rally leading up
to the end of the year due to the
increased activity in the private sector
during the holidays and where are we and
we've known this this is Bitcoin in 2017
usually like q4 the end of the year
companies start making profits people
have money and people put money into the
traditional markets and especially in
the crypto markets thus far nothing but
but we're not bitter but why does he say
that we will see a bull run in December
well he says notably Greenspan
identified the looming Bitcoin cash hard
for what as the catalyst for this rally
noting that the BCH price had exploded
in advance - it's hard work which is
coming up in about a week so let me just
sum that up he's basically saying that
in the last five days or whatever the
market cap has rose about fifteen
billion dollars and that was led by
Bitcoin cash Bitcoin cash jumped in the
last few days over $200 in preparation
with his hard work people are foaming in
and he says that led the market cap to
rise as well and he's saying that's
gonna lead us into the bull run
outrageous the gains this is a quote
from him the gains are being led by
Bitcoin cash ahead of the hard work next
week it's kind of funny to see that
after all this sideways movement a
possible breakout could come from a
disagreement in the Bitcoin cash
community of all places all right
I hope he's kidding I don't know what
kind of analyst he is but if that was
true we would have maybe seen that with
basic attention token they rap they're
still rallying because they're getting
added to coin base or they are added we
kind of saw this with XRP it rallied you
know their conference when X rapid was
launched guys Bitcoin cash now these all
coins leave the market
if anything Bitcoin leads the market and
the whales lead the market and I think
the sooner everybody admits that we're
mere passengers we do not control the
market the whales do I think we'll get
along a little better Mady did redeem
himself a little bit in the end he gave
him a little more technical analysis he
said Greenspan tempered his bullish
outlook with the qualification that he
believes Bitcoin needs to needs a strong
breakout above its 200-day moving
average which is currently sitting at
about $7,000 to truly put the bear trend
in his rearview mirror so hopefully it
was kidding he says that and I'm no ta
guy but he says if Bitcoin can breakout
out of its 200-day moving average which
is $7,000 that will be the real sign of
some bullish territory and just to put
that in perspective right now bitcoin is
6490 dollars we'll make it
and the last time we saw a bit Quinton
$7,000 that was all the way back at the
beginning of September over two months
ago Bitcoin was above $7,000 has not
reached past that sense but if we can't
get past that the TA says that will be a
sign of bullish territory guys we'll
keep you updated that's why you
subscribe to this channel but let's keep
going the real news coming out of
Bitcoin cash is there's more updates on
which exchanges will support the hard
fork and just to recap if you want the
full story check out my last video but
just to recap it's either getting hard
forked into Bitcoin ABC or Bitcoin SV
and while the outcome isn't clear one
scenario would see two separate crypto
currencies arise from the fork so
potentially two could be forked if the
community community doesn't agree but in
the meantime more here's a list of every
current of every exchange that supports
the the swap and here's the current
status of the top 12 Bitcoin cash mark
it's solo so the markets that are doing
the most Bitcoin cash volume here's a
list that they are supporting the the
swap or not
okay X support confirmed bit Forex
support confirmed by Nance we already
know support confirmed digi next no
statement Hobie
support confirmed up--it support
confirmed coinbase Pro and coin super
support confirmed bit Bank they're not
doing it not confirmed and the only
wallet that has made any sort of
statement about it is ledger and they're
confirming that they are kind of in
November 15th and the days after they
will kind of lock it down and so you
won't be able to trade your coins out a
ledger until it gets all resolved but
either way I'll leave this link in the
description below guys we're keeping you
updated and many of you guys actually
we're asking me specific financial
advice on what you should do with your
coins and I can't give you that okay I'm
not a financial adviser but what I can
give you is a list and these are that if
you keep it on exchanges these are the
exchanges that will support them make
sure you have it in there before the
15th if you just have them in a wallet
you know in my personal opinion it's not
I don't recommend or you're not gonna be
able to really transact those I don't
think on the fifteenth or maybe a few
days after if those wallets are swapping
but as long as you have your private
keys I think you'll be okay okay just
don't give your private keys away to
anybody and it should be fine last piece
of news aetherium we know they're trying
to scale and they can so far while a new
update and how they're scaling and how
it'll affect you efforts to scale
aetherium are growing more varied as one
much anticipated solution encounters
pitfalls amid its continuous development
so essentially plasma doesn't seem to be
working they're now going for snarks at
the forefront of this transition has
been plasma so that used to be the big
thing that people are expecting a
concept widely heralded as a theorems
best bet for short-term scaling and they
actually tried five distinct
versions of the protocol doesn't seem to
be anyone that sticks so far and isn't
proceeding as originally hoped so as
plasma slows however there's a new
potential optimization in town and the
attention is being drawn to ZK snarks a
form of cryptography that most of us
know from Z cache and guys I'll shorten
this up what are ZK Snorks gonna do for
aetherium well essentially vitalic
butyrina theorems creator says that if
they can get that implemented it will
achieve 500 transactions a second just
in the short term for aetherium
some people are referring to this as the
snork nado I'd watch that on sci-fi if
it came on but let me ask you something
what is 500 is that good is that bad 500
transactions well to put that in
perspective right now etherium can do
about 20 transactions per second Bitcoin
can only do 7 what are the competitors
litecoin 56 Bitcoin cash since we're
talking about it 60 ripple XRP can do
over a thousand transactions per second
and visa nobody's been able to beat a
visa yet and do 24,000 so if aetherium
can implement something something if
they can get 500 transactions in the
short term it will keep them competitive
of course I mean all this informations
coming out because vitalic future and
just made all these statements and just
spoke at DEFCON 4 but he says
essentially a theorem will get a million
transactions per second dare to dream
I'm rooting for you that'll definitely
help cryptocurrency as a whole but
that's it today guys let me know what
you guys think in the comments really
about cryptocurrency in general I'll be
responding to each and every one in one
more thing before you tune out guys we
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all righty team have a great day we will
see you tomorrow