#1 Crypto For The Day - Bitcoin broke the downtrend?
Hello Steemit Community!
This is my first post of the new created series Introducing: Crypto For The Day blog post series , you can follow all the post in the tag #cryptofortheday
Today im gonna talk about bitcoin and all the market because as we know every cryptocurrency correlates with bitcoin and if bitcoin is not going good the whole market will follow it.
I created some posts relating the last bitcoin "crash", here some of my posts:
Market crash? Why this is a good thing and how you can profit with it
Some advices to make profit in the market "crash".
How can fake news crash a market in seconds? China getting cheap coins again
When China news hitted the market and all FUD spread as China ban ICOS and later Exchanges.
Bankers keep crying of the bitcoin revolution
Talking about the Jamie Dimon statement and how this is good the the crypto world.
Don't worry bitcoin will rise to new highs
And then a article to kill some FUD when i say bitcoin will rise again and this was just a test, and guess what? Bitcoin is rising again...
This as been crazy weeks with alot of news and development in the crypto world, Bitcoin got a new ATH of 5000$ and then "crashed" to 2900$
The market got lower because alot of new people panic selling with the china news where alot of fear and uncertanilty spread... What is the best part? This was a very good test to the whole market and in some days Korea allready passed China volume and they are growing everyday.
Korea new China?
In some days Korea took advantage of all the China regulations and prohibitions and grow their crypto ecosystem providing more solutions to investing and creating a big exchange called UpBit that is gonna be the biggest exchange in Korea and is a partnership with Bittrex, one of the best exchanges in the world.
Im seeing Korea and not the new China but a sleeping giant that is gonna have more room to grow because of China regulations...
Bitcoin bullish?
Bitcoin got stronger than ever, TA especialist called a downtrend breakout.
In my opinion and what i see in over the crypto community the FUD is gone and i only see people trusting the market again so we are gonna see some good runs in the near future if any bad news comes out.
Amazon to accept bitcoin in October?
There is a big rumour saying Amazin will start accepting bitcoin as payment in their platform, if this news is true the market will skyrocket, this is one of the first phase for mass adoption
Unverified Rumor Circulating That Amazon May Accept Bitcoin By October
Remember this is just rumours and probably they are not true but could help the market and i think we will see this as a real news in the next few years.
I hope you like this first of post of the Introducing: Crypto For The Day blog post series , you can follow all the posts in the tag #cryptofortheday
Follow me on Twitter @johnycrypto
If you like this post or have something to say or ask, please upvote, follow and comment :D
The Amazon thing is probably BS, they will most likely accept cryptos through a payment processor like Bitpay I would think.
Yeah i aggree, is BS for sure. I dont know about using a third party, they can do by themselfs.
Im not TA expert but what you saying is very important, support and resistance breaks.
Thanks alot for the comment!
I'm certain everyone will be defending the $3800 zone if price slides further over the next few days. Plus, there will be a lot of buy orders already sitting on the order books of many exchanges ahead of $3800.
Yeah i think we are gonna see good buys, new money and old money entering the market again
It would be a much larger step for Steemit members to see Amazon or any vendor accept STEEM as a form of currency. Just another way of getting Steemit a wider base of members and provide some impetus for an increase in price. Prices of anything are mostly supply and demand and with 248 million STEEM in the float it seems unreasonable that $6 or $10 STEEM is attainable with the current number of members and that level of float. Hope I am wrong but just can't see the factors that will push it that high. Maybe FaceBook would buy it out. Hmmmm!
If amazon accepts cryptocurrency the first one will be bitcoin for sure, i don't see STEEM as a valuable coin for them, maybe facebook.... In my opinion this big companies will create their own coin not using others.
Thanks for your opinion
it will be 5000 $ in November
We hope so, we have a hard fork lets see what people thinks about it.
Thanks for the comment
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