The altcoins market is now on a very strong bull run, with additional bullish action expected for several more weeks at the least; this is very good news for us.
By looking at hundreds of charts, all day long, what I've been seeing is that we reached the bottom for most altcoins. The bottom for the majority of the coins was hit on the 14th August or the 12th September 2018, in general, at around the support level before the 2017 bull run. So basically the alts erased 100% of their gains before moving again... and they are surely moving now.
Bitcoin’ update
Contrary to what many are expecting, a huge jump and KaBoom, I believe we will have slow steady growth for Bitcoin, BITCOIN’ TO THE MOON but slow, just like we've been seeing for a while now (just as we did slowly down for months, something similar but slowly up).
One thing that you can be 100% certain is that Bitcoin isn't going to crash, go away or disappear; cryptocurrency is here to stay.
Yes, there can be a drop/flash crash. Yes, it can be a very strong drop but it wouldn't last long and it wouldn't go that far. Bitcoin’ already lost almost 70%+ of its value from all time high, the altcoins removed 100%+, there is no more need for correction, the bears are out of funds.
Altcoins vs Bitcoin’ - Cryptocurrency Market
The cryptocurrency market will turn to big green again.
We are going up. We are growing. And we are going to keep on growing short, mid and long term.
The altcoins increasing in price by 200%, 300%, 400% and more in a matter of weeks, should be an important signal now as to why the market will keep on growing and why Bitcoin’ will reverse up once the uncertainty is gone.
Bitcoin’ Adoption
Bitcoin’ awareness is increasing very fast, specially when it comes to the average people. Online retailers are adopting Bitcoin’ (and crypto) left to right as well, and I am telling you this from personal experience.
In the past few years, I've gone from seeing just a few websites accept Bitcoin’ to being able to pay with Bitcoin almost everywhere, and where you can't do it directly there is always an indirect way. Even small websites and online stores are adopting Bitcoin’ more and more.
So get in on the future and change.
A new form of money now exist for us to create our own way.
Namaste.
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More updates and more amazing trades. Thanks again. :D
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Bitcoin remains sideways.
Altcoins remains boom.
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Take a quick look at what some of the altcoins are doing on Bittrex (Binance altcoins have been moving for quite a while now and generating hundreds of percentages of gains every single week):
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Bitcoin (BTCUSD) Trading Update
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News that can effect Bitcoin and the Altcoins (Cryptocurrency market)
Alan again promisess hapiness! Right before the crash - like many times before. Nice job helping mm to fill their limit orders. * thumbs up*
AlanSantana
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@leoa451, It is going sideways. Thanks for the support.
SwissView
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Maybe here?
Could anyone please explain me this, and answer me a very, very simple question:
Why should "institutional" buy any of this coins? Why should they invest just a single Buck in a market like this?
RESEARCH
Researchers study over 500 cryptocurrency pump and dump schemes
A group of researchers from major universities released a paper examining 500 crypto-related pump and dump (P&D) schemes. Examining data from May 15, 2017 to August 26, 2018, researchers found 3,400+ P&D announcements from 80 active Telegram channels. Of these announcements 1,747 were unique. The researchers restricted their attention to 500 distinct P&D schemes involving 230+ tokens. From this sample size the data revealed that:
In 229 P&Ds, pump groups specified the returns they target, with the average target return being 212%.
On average, approximately two tokens are pumped per day and the likelihood that a token will be pumped on any given day is 0.3%.
In the first 70 seconds after the start of a P&D, the price of a token increased by 25% on average and trading volume increased 148 times.
@SwissView, Great stats. Thanks a lot for sharing.
Highly appreciated.
Namaste.
MrDiamondHands
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@SwissView, This... 100% this is correct. On top of the pump & dump issues that are very apparent in these crypto markets, several more issues still exist: 1) the lack of financial reporting from companies that may be nearing bankruptcy or reaching financial hardship, 2) no regulations over ICOs distributing tokens from their reserves (openly diluting circulation pools to generate more funds), 3) the tokens are not equity, stake, or really any value other than helping store information on a specific chain.
The SEC's job is to protect the public from things that are happening in the crypto market today. They put an end to stock market manipulation tactics, CFD trading altogether, and enhanced financial reporting (+Sarbanes Oxley) to prevent the public from getting f*cked by the companies themselves or institutional/organized traders like they always do in these situations. Why do crypto companies think that they will be treated any differently? I have no idea. Are organized traders taking advantage of the public? Absolutely, that's why each coin sells off right after a massive influx of volume.
SwissView
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@Audicted, this is a great answer, probably the best i read here ever.
MrDiamondHands
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@SwissView, Thank you, I started following you a few days ago from some Forex charts you posted. Best of luck on your trades!
AlanSantana
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@SwissView + @Audicted, New friendships being created... AWESOME.