Unsplash

As I wrote about in this post, I was caught completely off guard but the sudden dip in Bitcoin (BTC) price and the corresponding crashes in all the altcoins. Well, this combined with the drop in the wider stock market led to me getting a flurry of red (points lost) for my predictions in Cindicator, occasionally broken by the solitary green where I had correctly predicted less faith in a particular token.

Anyway, my scores remained relatively level over the last two days which was quite heartening and I'm still banking on a gradual recovery in the crypto market. However, I'm not making large point bets there, as there is still buzz around that the price of Bitcoin (BTC) could drop further, which would drag the entire thing down with it. On the other hand, in the days preceding the drop, all the talk was of an upwards breakout. To be perfectly honest, in the crypto space, I think that it is too hard to predict what is going to happen, especially given that most of the projects don't have solid development behind them to fully bake in any gains or losses in price.

What has appeared to be a silver lining was that the whole market didn't go into free fall, but instead dropped less than 5-10 percent. The other silver lining that I can take away from the last couple of days was that my ranking in the Cindicator predictions actually went UP! That meant that others were much more bullish on the crypto/traditional markets than I was and paid the corresponding price.

So, this week, I'm hoping for a slow gradual recovery! Let's make it happen!

Keep Your Crypto Holdings Safe with Ledger

Ledger is one of the leading providers of hardware wallets with the Ledger Nano S being one of the most popular choices for protecting your crypto currencies. Leaving your holdings on a crypto exchange means that you don’t actually own the digital assets, instead you are given an IOU that may or may not be honoured when you call upon it. Software and web based wallets have their weakness in your own personal online security, with your private keys being vulnerable in transit or whilst being stored upon your computer. Paper wallets are incredibly tiresome and still vulnerable to digital attacks (in transit) and are also open to real world attacks (such as theft/photography).

Supporting a wide range of top tokens and coins, the Ledger hardware wallet ensures that your private keys are secure and not exposed to either real world or digital actors. Finding a happy medium of security and usability, Ledger is the leading company in providing safe and secure access to your tokenised future!