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Crypto Market Update 3

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Here is my estimated price target for Bitcoin in the short term ($9,000) - https://www.newsbtc.com/2018/07/29/bitcoin-price-weekly-analysis-btc-usd-could-test-9000/

If you haven’t noticed most cryptos are highly correlated with the movements of Bitcoin right now. So wherever Bitcoin goes, until something changes, I imagine most other cryptos will go. There is an opportunity to margin trade Bitcoin right now. The way it was explained to me is basically, you could buy small cryptos with what is called in equities as high Beta. Or you could just buy a bigger coin with a lower Beta, take on some leverage and goose your returns with lower risk. Keep in mind, margin trading is incredibly risky.


This data is thanks to - https://www.sifrdata.com/cryptocurrency-correlation-matrix/
Some pundits including Tone Vays are still saying that we will be going to $5,000 per Bitcoin before the next full on bull market. Right now, I believe that is false. I think we have a chance to break out and gain so…

Crypto Market Update 2

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I believe the crypto market is going to go down in the short term based on the fact that many ERC-20 tokens could be considered securities. Also, the Ethereum-blockchain size has exceeded 1TB, and yes, it’s an issue. If you couple this with evidence that suggests Ripple’s XRP is a security (based on investor lawsuits), then one could postulate that there is a downward adjustment needed. Here are a few news sources to back up my thoughts:

https://www.linkedin.com/pulse/surviving-upcoming-erc20-crash-john-gotts/

https://www.coindesk.com/another-investor-lawsuit-claims-xrp-security/

https://hackernoon.com/the-ethereum-blockchain-size-has-exceeded-1tb-and-yes-its-an-issue-2b650b5f4f62

Summer 2018 Crypto Markets: Why This Year Could Be Different

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The cryptocurrency market has come roaring back, and if this trend continues, it looks like BTC could be back on its way to 10k in a matter of weeks— a rising tide that will lift other crypto boats. Many who kept the faith during these bearish past few months have pointed out that the cryptocurrency market follows an annual cycle that goes something like this:

Things start off strong in January, followed by a significant correction. Bearish trend remains until late spring, giving way to a smaller bullish uptick, followed by a flattening off in the summer months. Starting in September, prices begin to rise again, culminating in a bull market every year in November and December.



There are numerous theories as to why this pattern has repeated in recent years, ranging from family discussions of cryptocurrencies at the Thanksgiving table spurring huge November buy-ins across the US, to the Chinese New Year in late winter/early spring, which is associated with sell-offs across Asia by mi…

How Does Ethereum Work, Anyway?

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“How does Ethereum work, anyway?” by @iam_preethihttps://t.co/rFg6msWfeN$ETH

— Jared Schlar (@jaredsc) January 9, 2018

The Future Of Bitcoin, Ethereum & ICOs

This is a great video which discusses the future of Bitcoin, Ethereum and ICOs. The most interesting part is at the 1 hour mark where Craig Wright explains some of the future technology which will exist in Bitcoin Cash or does already. I was super impressed after watching it and suggest you do the same. 1GB blocks are not the end goal. Block size will get bigger and bigger over time. Hard forks will become the norm, not shunned. According to Craig Wright in the video, hard forks occurred all the time in early days of Bitcoin. The way you determine if new changes to the software will work is by testing. In the end, the market will decide which coin to value the highest not influencers. Economics still works as long as the data sources are not corrupt.

Please watch the video. You will be glad you did.

Now That Bitcoin Segwit2x Fork Passed

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Now that the Bitcoin Segwit2x fork has passed, Coinbase has unlocked trading of BTC again. There may be some selling off of Bitcoin (BTC). It is unlikely to get (B2X) coins right now according to Coinbase.

Bitcoin (BTC) has some problems:
BTC - Chain spiral of death.BTC - Severe network congestion.BTC - Civil War with BCH and other contentious groups. Ethereum (ETH) and Bitcoin Cash are looking pretty good right now. Bitcoin Cash (BCH) is currently 25% more profitable to mine then Bitcoin (BTC).

Ethereum, After Cancelled Segwit Fork

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What does the Yours community think of Ethereum post cancelled Segwit fork? Does the Parity hack and potential hard fork (to recover frozen funds) hurt your opinion of Ethereum right now? Please comment (its free). Thanks! Read article here.

I just published “I’m Holding Litecoin Right Now”

Basics of Ethereum Mining

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Ethereum is a blockchain based currency that has become very popular in recent years. Recognized as a highly valuable… Read about Ethereum Mining here.

I’m Holding Ethereum Right Now

All Star Venture Capitalist predicts ETH will surpass BTC in market cap in 2017. This post includes my highlights to… Read more about Ethereum here.