Some encouraging signs after a rough week in crypto land!
I won't lie, seeing the latest news out of China did not give me pleasant thoughts.
I won't say it outright scared me, but it did cause me to reevaluate my investment thesis and question why I believe what I believe and why I own what I own.
For anyone out there that may have been having some similar thoughts here are some recent sources of inspiration to give you that warm fuzzy feeling again!
All of which were put out within the last 24 hours...
First up is a picture of Floyd Mayweather.
But not just any picture, check out what he is holding...
He's holding up his Titanium Centra Card which allows him to use Bitcoin, Ethereum, and other cryptocurrencies to buy real tangible goods out in Beverly Hills CA.
Perhaps he even bought those shoes behind him with that card?
Next up is this guy's blog/twitter:
The link to his twitter can be found here:
https://twitter.com/BKBrianKelly?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
Brian Kelly is one of the Fast Money Traders on CNBC that I have followed for some time now. He is a decent trader, not the best but he is right more often than he is wrong so he has that going for him.
He is especially bullish Bitcoin though, and he sent this postcard when he was away and all the turmoil surrounding China and Bitcoin started:
Reading that should help bring a few warm and fuzzies back!
This final tidbit is the one I found most exciting, and the one that really gave me some warm fuzzies though!
It's a video of Tom Lee on the Fast Money show talking about his current thoughts on Bitcoin after all the latest news.
If you recall I wrote a post about him a few months back talking about his bullish stance on Bitcoin and why he thinks it hits $6k in 2017 (it was about $2800 at the time).
It was great that he was on the show yesterday because I had been wondering myself if he had changed any of his price projections based on the recent news.
The actual link to this video can be found here, watch it:
https://www.cnbc.com/video/2017/09/14/tom-lee-heres-why-bitcoin-will-hit-25000.html
Let me just say, wow, he hasn't wavered one bit!
If you don't understand why this is significant coming from Tom Lee, check the guy's track record.
His calls are right far more often than they are wrong. He is one of the best, if not the best, analyst out there in my opinion.
If Tom Lee is more bullish than ever on Bitcoin and it's future price, there is probably a very good reason we should be too!
Stay informed my friends.
Image Sources:
https://twitter.com/BKBrianKelly?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
https://www.cnbc.com/video/2017/09/14/tom-lee-heres-why-bitcoin-will-hit-25000.html
Follow me: @jrcornel
An excellent article that does bring warm fuzzies, even to someone not holding 1 BTC! Exciting times we are entering in the currency wars happening right now and having access to such information and experts really makes a big difference.
Thank you for sharing this information with us. I guess, by now, most people that have delved into investments will hit the Tom Lee site while half of them will go check out Brian Kelly!?!
All for one and one for all! Namaste :)
I on the other hand was looking for a big bear so I can buy some Bitcoin myself since I was silently listening and reading for the past 4-5 months without finding the courage to buy and when I finally did the prices were only going up. I know it will recover because it always does and exceeds the previous highs. China is holding only 15% of the cryptos on the market and I do not think it will be a permanent ban and closure on the exchanges.. but even if it is - that crypto is not going anywhere but into other peoples wallets so it will still be there to buy, trade and cash out and technology will still be developing and getting better. Dream on guys and lets hope to see Steem and Bitcoin getting 10-15x or more than what they are today!
No, they just want to shake the the tree and stir up the market so they can take control over a larger proportion of the market.
Make use of this excellent investment opportunity.
Like you I have been lurking in the shadows waiting for my opportunity to strike and I think it's now.
However, unlike you I have previously bought some Bitcoin (only tiny amounts) to enable a steemit top-up etc.
Great post.post of the day.i resteemed
Thank you!
I've been reading your articles from "who created Bitcoin" part 1 and 2 to this one and i feel so contradicting.. part of me want to invest in bitcoin but another part doesn't want to support this theory of bitcoin's going to be the new world currency and new world order.
Anyway very good article that makes me think! Will keep an eye for more coming posts from you!
Cheers!
Thank you for your continued following and support. I am glad I have kept you interested in my posts all this time. :)
Sir really so nice steemit working, thanks for good sharing
Following for updates
You are not the only one that feels this way. I too am conflicted on cryptocurrency. I do believe that blockchain technology has the potential to revolutionize the world as we know it, but it will not come without resistance from bankers and the government. How large of a role that Bitcoin will play in a revolution is yet to be determined (there are alternate cryptocurrencies out there that are competing for a share in this market). Some of these are shadier than others (looking at you, Monero), but that's not to say that they can have a large part in the future. If you want to invest in Bitcoin, I would recommend doing some background research on blockchain technology and maybe learning a little about the different crypto options out there. I see too many people throw their money into crypto just because the price is rising, but it's much more than just that.
Floyed Mayweather is one cool dude!
Trying to learn how to stay informed. Thanks for the post. I'm new to crypto and steemit. Posts like this make me feel better about investing. And pretty cool with that credit card looking thing! I wonder if he really has any money in it or it is just an ad. Interesting though. When will those roll out globally?
@jrcornel - Whew. Thanks for this article which helps to bring back the warm and fuzzy feeling. Though I am familiar with similar downturns in crypto market in past 2-3 months and have always seen it rebounding, as you have said - the news from China worried me and a lot of others. For me, apart from the 3 good signs that you have shown in your article, the fourth good sign is that @jrcornel has got the warm and fuzzy feeling again about bitcoin price rise!! That one is good enough for me to maintain my faith in Bitcoin.
Thanks. Upvoted full.
Regards,
Haha well thank you for those kind words!
This is the news a newbie like me needs to hear after all the negative news all week!
What a great way to start the weekend.
Floyd Mayweather in the mix is awesome news and i already see bitcoin recovering in the coincap market.
Bitcoin All The Way Up .
Ah, its nice to get some warm fuzzy feeling back.
There was a brief rally today, That gives me hope too, start of a recovery! Hopefully
Yes! It is nice to see some green on the charts. There hasn't been much green in the last week or two.
Definitely. Even though I have faith in crypto it was getting a little hair raising watching it sink further down each day with no respite. Even if it's a short lived rally it has been enough to bring my confidence back!
Thanks for giving us your insight! And at the moment we see a lot of green on the charts, so things are picking up!
Green is good!