BTC up & Alts down. But Alt's day is coming... Soon!
Updated
Even though the chart is ZRX, I believe this applies to all of the Alts.
Investors are anticipating an ETF on BTC in September, and if it comes... Boom!
Bitcoin liquidity is improving, although this is happening at the expense of the Alts... or is it...?
Alts have broken down bearish, but in the long run, it will all work out.
I believe:
BTC rapidly heads towards 10k,
Investors start to pay more attention to BTC,
New money flows into crypto (both retail and institutional),
Eventually, people take profits and BTC goes sideways,
Somewhere in that time frame, Coinbase releases new Alts on its platform, and
The Alt market explodes.
Not financial advice, but for me, I'd rather not buy the pump of BTC, instead, I'll buy into the Alts while they are still cheap.
In conclusion,
I'll admit, it has been a painful road. Although, we have survived the FUD, the manipulation, and the scams... and we've learned from our own mistakes, and now we are stronger for it.
It's our turn. It's about to happen. Enjoy my brothers and sisters!!!
A few interesting news articles:
- SEC Delays Decision on Direxion's Bitcoin ETFs Until September
"The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider this proposed rule change. Accordingly, the Commission, ... designates September 21, 2018, as the date by which the Commission shall either approve or disapprove the proposed rule change."
coindesk.com/sec-delays-decision-on-direxions-bitcoin-etfs-until-september/
- BTC Volume today (7/24/2018) is around 6.8 billion. Last week was running around 3 billion daily.
- Binance ready to enter the South Korean market
usethebitcoin.com/binance-ready-to-enter-the-south-korean-market-and-keep-its-expansion-plan/
- India to Have Comprehensive Crypto Regulations by September
financemagnates.com/cryptocurrency/news/india-to-have-comprehensive-crypto-regulations-by-september/
- Google Partnership with Two Blockchain Startups
cryptonewsmonitor.com/2018/07/24/google-partnership-with-two-blockchain-startups-announcement/
p.s. If you are willing, please give a thumbs up.
:-D
Thank you!
Go team Crypto!!!
Investors are anticipating an ETF on BTC in September, and if it comes... Boom!
Bitcoin liquidity is improving, although this is happening at the expense of the Alts... or is it...?
Alts have broken down bearish, but in the long run, it will all work out.
I believe:
BTC rapidly heads towards 10k,
Investors start to pay more attention to BTC,
New money flows into crypto (both retail and institutional),
Eventually, people take profits and BTC goes sideways,
Somewhere in that time frame, Coinbase releases new Alts on its platform, and
The Alt market explodes.
Not financial advice, but for me, I'd rather not buy the pump of BTC, instead, I'll buy into the Alts while they are still cheap.
In conclusion,
I'll admit, it has been a painful road. Although, we have survived the FUD, the manipulation, and the scams... and we've learned from our own mistakes, and now we are stronger for it.
It's our turn. It's about to happen. Enjoy my brothers and sisters!!!
A few interesting news articles:
- SEC Delays Decision on Direxion's Bitcoin ETFs Until September
"The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider this proposed rule change. Accordingly, the Commission, ... designates September 21, 2018, as the date by which the Commission shall either approve or disapprove the proposed rule change."
coindesk.com/sec-delays-decision-on-direxions-bitcoin-etfs-until-september/
- BTC Volume today (7/24/2018) is around 6.8 billion. Last week was running around 3 billion daily.
- Binance ready to enter the South Korean market
usethebitcoin.com/binance-ready-to-enter-the-south-korean-market-and-keep-its-expansion-plan/
- India to Have Comprehensive Crypto Regulations by September
financemagnates.com/cryptocurrency/news/india-to-have-comprehensive-crypto-regulations-by-september/
- Google Partnership with Two Blockchain Startups
cryptonewsmonitor.com/2018/07/24/google-partnership-with-two-blockchain-startups-announcement/
p.s. If you are willing, please give a thumbs up.
:-D
Thank you!
Go team Crypto!!!
Note
Please look at the pic in the Coinbase blog. Do you see what I see... 0x and BAT
I know that they talked about "exploring the addition of several new assets": Cardano, Basic attention token, Stellar lumens, Zcash and 0x. But the blog that was posted by Coinbase shows 0x and BAT in the picture...
blog.coinbase.com/goodbye-toshi-hello-coinbase-wallet-the-easiest-and-most-secure-crypto-wallet-and-browser-4ba6e52e4913
twitter.com/coinbase/status/1029792777675005952
Food for thought
:-D
Cryptocurrency Enthusiast (still learning)
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