Cryptocautious

Cryptocautious

This Morning at approximately 7 a.m. , the price of Bitcoin and other major cryptos began to fall precipitously, as the market had finally exhausted all of the automated buy in positions hovering around 6400.00 and slightly below. The rubber band like snap back behavior had lessened over the past few days, until it became too tenuous a hold, and there were not...

Cryptocautious

Imagine logging on to your exchange platform, a place where you sought refuge from the impending market crash , to find that the site is gone. To find your funds, your BTC , ETH..... what have you - is gone. Maplechange is the name of the exchange that Hackers took down just in the past few hours. Your 2fa didn't help, neither did your 12 digit, cryptic password,...

Cryptocautious

I'm trying to wrap my head around the notion that being listed on "Coinbase" is actually a good thing. The statistics dont lie. Coinbase is the platform of choice for the beginning , novice investor. It seems like a friendly, convenient , custodial site until you begin to examine your trades. The tremendous point spread , the base 4% charge before certain waivers...

Cryptocautious Updated 

Today is the first time in some time that for a sustained period, BTC has traded beneath 6400.00 U.S.D. , and with this development comes the release of news of the creation of "Wrapped Bitcoin," which is unlike other BitCoin knock off tokens in that it is apparently an ERC-20 token to be released on Ethereum this coming January , 2019. Have you ever noticed that...

Cryptocautious

With the rest of the market has been crashing, BTC and other crypto assets have been viewed as a safe harbor in a storm. Studying the BTC chart for most of the day showed me that there were many automated buy positions at 6400 USD ,which is not normally an onramp for Bitcoin. It seems that the only real support at that level was and is psychological ; a safe haven...

Cryptocautious

If there is anyone out there who got sold on the concept of Bitcoin being the premier , flagship cryptocurrency it's me. Getting to the point of purchasing 1.5 BTC among others, I waited patiently for BTC to reach 10k again like Mike Novogratz (SIC) suggested it would toward q4 '18. I waited since making my first investment and first mistake with crypto. The...

Cryptocautious

Don't you wish you could go back to 2016 , perhaps early 2017 and stock up on Bitcoin?? Believe me when I tell you that those of us who did not would ALL like to. The phrase "fear of missing out," has been so commonly said and the resultant emotion so prevalent that it earned it's own acronym. I am a beginner- novice trader, and I am not here to tell you otherwise...

Cryptocautious

Already it has been stated that China has the means and motive to de-stabilize BTC for a variety of reasons. To interfere with weak and struggling economies whose Fiat currency has destabilized or fallen whose interests are at odds with China. Later today , the same entity that made these claims regarding BTC released another brief further disparaging the flagship...