Briggsy's Bitcoin Blog - Wednesday January 31, 2018

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Bitcoin has been riding the lower trend line all day today, but the indicators suggest that the bulls may make another run soon. RSI is still sitting in the oversold territory, and the MACD is hinting at a possible turnaround in the works with a hopeful uptrend imminent (barring any more well-timed FUD).

But despite the negative news that has been carpet bombing Bitcoin with bs because of regulations and ponzi schemes, the crypto market is doing quite well all considering. Granted, there are some clear pump and dump coins that are still eroding the portfolios of some unlucky bag holders, but the market must move on and leave the casualties behind.

There is one other tidbit of information that the market seems to have amnesia about, and that is the South Korean exchanges and the Jan 31st timeline to roll out the new "real name" account system to link one's bank account to crypto exchange accounts. Will this mean we might see a massive run in the month of February on SK's favorite cryptos?

Regardless of where the market goes, just remember to not invest into anything you don't understand, because you won't understand what is happening if you're left holding a bag of sh**coins. Build your instincts and trust them; don't follow hype trains off cliffs.

Please remember that I am not giving financial advice and this is just my opinion. What I strongly advise is to get your information from multiple sources to get a broader perspective on the markets, but ultimately you need to developer your own intuition as well, so that you can feel confident in your market position. What I say and feel are not based on reality, and you take full responsibility for your financial decisions.

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Today's Crytocurrency Marketshare:

• 76.06% - Top Ten
• 42.74% - Top Ten (excluding Bitcoin)
• 33.32% - Bitcoin
• 23.94% - Other
• 0.223% - Steem
  

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The total Cryptocurrency market cap today was $516,458,000,000. Steem Marketcap Today was $1,151,950,000, or 0.223% of total.

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Today Bitcoin's Price hit a high of $10,382, a low of $9,777 and an average of $10,080 before closing.

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Today Bitcoin's Market Cap was $170,183,000,000 US Dollars.

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Today Bitcoin exchange trading totaled a volume of $8,041,160,000 US Dollars.

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The average Bitcoin transaction fee was $8.07 US Dollars per transaction today.

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The average number of new transactions being added every second to Bitcoin's mempool was 2.555 today.

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The percentage of Bitcoin transactions using Segwit addresses peaked at 14.09% today.

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There were 220,717 new Bitcoin transactions added to the mempool today.

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The average block contained 1.04 Megabytes of transaction data today.

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Today there were 19,919 new transactions left unconfirmed by end of day. As per blockchain.info there were still ~42,000 total unconfirmed transactions awaiting confirmation in the mempool by end of day, with ~22,000 of those being stale transactions that may be stuck in the mempool.

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Article Spotlight: Bitcoin CNBC is heading for its biggest monthly decline since January 2015

CNBC is still getting to the top of google search, and is still pumping out FUD like it's their job (who's to say it isn't?).

While the article copy and pastes other articles that may or may not even relate to Bitcoin, it's safe to say they are trying to project the future they want, as opposed to predicting it. This is not uncommon in the mainstream media, and even a blind squirrel finds it's nuts every once in a while.

Cryptocurrency moves exponentially faster than traditional markets, so it's no surprise a 30-40% dip in the total market cap in a matter of weeks has traditional investors crapping their drawers and panicking at every turn like (RIP) Bill Paxton in Alien.

(warning: profanity)

Anywho. I find as time goes on the Mainstream Media gets more and more comical in their attempt to manipulate markets, especially a market they barely understand.

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Video Spotlights

Jay Crypto - EXCITING NEWS FOR BITCOIN! | Keep Calm and #HODL

A positive "glass is half-full" outlook on cryptocurrencies.

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Decentralized TV - Bitcoin January Lows - The Moon Causing the Dip?

Sort of old news that's been floating around for a while, but funny none-the-less and possibly a self-fulfilling prophecy - or even a chicken or egg conundrum.

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if you want to be more proactive in this community, try using steemfollower (sign in is done through steemconnect using your steemit name and your private posting key - found in your wallet under permissions). This Video will explain how the program works. It is a great way to motivate you to produce great content, and to reward others for producing great content.

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Tip Jars:

Dogecoin DDizpbLrYzFNEZtEVvUXo8kKBKu3K7yLry
Bitcoin 32p67yperYxM8dEFXESL3oeBcEn4qP32cQ
Ethereum 0x54c0387Fd48Dc8D48D30069be2e18756b8d203A5
ETC 0x067511c327Bc68b73726F4410fEAdb47ed396425
Ubiq 0x3EDb86c57f7f495aE0963855Cc37BA64B40C7685

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As always; good luck, good wealth and good health to everyone on Steemit. Stay positive towards others and help the community grow. Thank you for reading and sharing. Comments are always welcome.