Are your crypto bags in order for the upcoming bull run? 🚀
Most alts have lost around 90% of their value since the last bull run which abruptly ended on the 17th of December 2017 but the resulting bear run seems to be drawing to a close now.
Bitcoin price has been locked in a sideways movement for a month and the odds of this being the bottom improve with every passing day. You would be forgiven for arguing we are already on the way up.
One year
One month
No matter if you are an optimist or pessimist, the line speaks for itself. We have been seeing higher & higher lows since July.
DanH93 (posting on Trading View) believes we still have further to drop, in light of recent events:
apan’s Financial Services Agency (FSA) confirmed that it is investigating the security practices at Zaif exchange. The agency has already begun examining the user protection systems installed in Tech Bureau offices. FSA had served two consecutive warnings to the company – in March and June – to improve their business operations. The agency had also reached out to other cryptocurrency exchanges with the same advisory, reportedly in the wake of Coincheck’s 509-million-dollar-hack that took place in January.
Even if DanH93 is right, it seems likely that no matter how much bad news comes out, the bulls will soon be returning to where they left off last year. Traditionally, the end of the year has been a time of growth for this king of coins... and with it the rest of the marketplace.
Doctorkesh (also on Trading View) posted this chart yesterday and the overall sentiment does seem to follow his prognosis.
To keep up to date with BTC related thoughts & charts on Trading View, click here
They have a (relatively) useful technical analysis page which right now is looking about as balanced as I've ever seen it on the 24h setting!
Hit the one month tab however and you will see a more optimistic outlook being proposed.
So, are your bags in order?
What do I mean by this is?
- There is no better time like the present to invest.
- Do you have a safe place to stash your coins?
For those of you who are new to the bag holding game it is important to understand that exchanges are vunerable and coins should NOT be kept there long term.
Personally I use the Exodus Wallet which is consistently updating its functions and available tokens. Most recently they added XLM to their list.
You can keep track of their updates here on Steemit: @exodus
How to buy crypto with $/£/€
Coinbase is the most popular site to make this exchange but you will find better rates using Uphold.
I have been using Uphold for a year and have never experienced any problems.
Coin to watch
Electroneum (ETN) has been on the up for the last three weeks.
There are many reasons for this but the main one must surely be the fact that they are the first cryptocurrency ever to demand that anyone wanting to hold it outside of the exchanges must go through the KYC process (know your customer).
We are moving ever closer to a world of regulation and those who can factor this in to their road map are likely to do better.
Set up your Electoneum account here if you are interested in getting KYC cleared, with a mobile wallet in place ready to hold your ETN in preparation for a very interesting 2019.
If you are looking for a general beginners guide to crypto and useful websites to bookmark, please check out my post here
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I am ready for a roller-coaster ride also @samstonehill
Man that roller-coaster ride feels good :)
It's coming...
Keep the positive vibes coming, brother. I am ready and waiting for the bull to come back. Thanks, also, for the link to trading views.
No worries for the link & positivity!
Crypto’s price movement will depend heavily on the macro environment overall. A major upward movement will only be sparked by mass loss of confidence in the financial system or major policy change. Would not be the least bit surprised to see crypto manipulated much farther down ahead of the great potential debt restructuring that is sorely needed. Nothing wrong with stacking for the long term now, but short term can still get hammered again. My 2 bits 🤔
Yeah, I know. There is so much going on behind the scenes, it's not possible to predict.
Just being Mr Positive ;)
...and going on what the majority of Trading View articles are saying. Though, cherry picking the articles I read of course! There are plenty of not so positive ones in there ;)
Keep on stacking for now...
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