Good morning! Learn to read satoshis, why there is value in cryptos and some humor at the expense of BCash

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}

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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}

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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

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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

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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

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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}

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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!

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Check out Chainbb, an alternative frontend for STEEM network. If you like forum style, that's the platform for you.

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_{Title image from pixabay}

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