Crypto Markets Are Absolutely HOT Right Now!
A Happy Sailor In A Sea Of Green
If you are holding any amount of crypto then today you are a happy person. As you can see, coinmarketcap is a sea of green today, quite a nice change from the red that we have become accustom to in the recent weeks.
Not too long ago I called that we may have been observing the bottom of the bear trend for btc. Generally whatever btc does, the market seems to do. If you disagree with that then I may argue that you must not have been around crypto for long. If bitcoin is going down, the general markets go down, and vice versa. What I find most interesting is that when we see a huge change in the price and we see a trend reversal we also see a news trend reversal to go with it with just feeds the beast whether he is a red beast or a green beast. Don't get me wrong, there are times where BTC is going down and some other coin might rise hard against it, but there are many factors that contribute to this.
Steem And SBD Are Still Standing Strong!
Steem/SBD are strong and climbing slowly! How long will the trend last? No one knows, but in my opinion the price action we are seeing in BTC is a GREAT sign. Obviously 10k is a huge mental barrier and we have past that recently. But its when we pass that barrier and we have confidence in the market. If news stays positive and the trend continues up, be ready! Steem and SBD have held very close to there BTC ratio and therefore they are rising in price as they hold proportionate value. This is a wonderful this for us, I hope this continues!
The Biggest Winner Of The Day - Litecoin
Litecoin is by far the biggest winner of the day. I looked at it earlier today at it was only $201 per coin, now it is up well over 10% of that. The current driving factor with litecoin price is a fork which the found of Litecoin, Charlie Lee, claims is a scam. It's very interesting to me that the founder claims that the fork on his technology is a scam, but in a decentralized tech these can happen.
Source For Litecoin Fork News - https://www.cnbc.com/2018/02/14/litecoin-jumps-30-percent-as-traders-bet-on-more-users-upcoming-split-into-litecoin-cash.html
Litecoin may be the favorite to test all time highs first after the correction we just had. Lots of good development for the first few months of 2018.
Bitcoin seems to regulate all ALT coins you are correct.
There is a bigger issue going on... and in standard stock trading, when good news or bad news comes out it affects price.
There is a deliberate action to constantly bring out bad press against cryptocurrency in hopes of stopping it.
My last 2 blog posts identify this and talk about it. (No, I'm not promoting my blog eventhough it seems like I am)
I'm very annoyed and irritated that bad news seems to hurt cryptocurrency markets, because we are going to see a LOT of bad news this year. Eventually people will get smart enough to stop listening to it.
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politic issue of korean policy is a very bad news for crypto nowdays, but I qoute Mr. Bill Gates said that no one can stop bitcoin. So, I'm sure that the bitcoin would rise again as well as other crypto
Hi, great post, worth a follow.
I think that days are very bad for crypto i start trade when btc stable so just hold its hold time and rest
Absolutely right! If you're looking to trade coins, I suggest you to have a look at https://www.wandx.co
Always nice to see this much green after the dip.