Did the bubble in Bitcoin just burst? If so, where do we go next and what are the impacts to the broader cryptocurrency space. We'll look at the charts and I'll share my views on why this is a good thing.
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Everyone who isnt a complete idiot in crypto does not care about increase of bitcoin. We just want to see it stabilize so our alts can rise. The issue is if bitcoin goes way down all of our alts lose their value. A 3600 XML is worth nothing if bitcoin is worth nothing.
mmm, it is difficult to call it a burst when price is stil well above 10.000usd , a price that startin 2017 was in the wildest dreams of the cryptosphere (not that there aren't visionaries who were predicting price at higher level or people who start to follow projects that were given less credit but now that are getting steam more and more people are jumping in, i am talking about miota, cardano and deeponion). i wuold defintively consider this like an healty correction, one that will consolidate floor for the next run: will it be 2018 or 2019? i do not mind, there will sure be one ;-)
I don't think the Bitcoin bubble has burst and i don't think BTC is in a bubble at all..we are just facing ordinary speculations...
i don't know where BTC is going..but i see lots of privacy coins growing recently..this means that investors are more concerned about their privacy and they see in privacy coins a safer place to store their money in rather than Bitcoin..for instance Verge, Navcoin, Zcoin and DeepOnion are rising a lot...what's your opinion on privacy coins?
It is very hard for me trading Bitcoin lately I mostly looose. I am bad trader I admit it.. Nice update on the market feeling more aware where we are heading. I see privacy coins are trending recently. Can you please cover some why Verge had went so high and is it good time to buy Pivx. I trade on Kucoin alot and there is new privacy coin listed there Deeponion. I see that Binance is anounced also can please cover in some of the next videos. If I am not wrong with the charts I see prime entry now and very good fundamentals
Do you really think its a bubble? I just feel like so many new players are discovering crypto and are putting money into it. The alts have been suffering quite a lot during the bullish run of BTC but some in my portfolio actually outperformed it. The one that really pleasantly surprised me was DeepOnion (a low market cap privacy coin) i've bought plenty few months ago for about 70 cents and yesterday it hit 7 USD - not bad! Would love to hear your view on it long term.
Lol...really ? Bitcoin and crypto are what can free us from the Jewish banksters and other middlemen leeching from the productive classes. You would prefer to stick with the (((Fed))) stealing from you and your future generations ?
Crypto have always been down during holidays either way so I say it’s a combination of both long Bull run and holidays but i agree we needed this correction lol time to get some
Popcorn and watch the movie
NODE MAN, thank you for all
Your wisdom, I have learnt so much from your tutorials and you tube vids, I listen to your every word with great interest.
Keep up the amazing work. When you create more tutorials I will buy again. Cheers
11,100 and 11,700 bittrex usdt. is $600 difference still considered a valid dbl bottom? i dont think on gdax it came even close to that 2nd re-test, so how can we determine if thats valid when prices differ on all these exchanges. thanks
Try to look at the day chart with the 200 ema, it looks like it has touch it a couple of times this year, and in this correction, it hasn't. That makes a 4 digit bottom more possible, without messing the draws hehe.
Very insightful thank you. Would you happen to have any advice on some good resources to start learning technical analysis/chart reading that will be most applicable to trading cryptos specifically? Cheers, Merry Christmas!
The miners are interested in finding a nonce which will create a hash with certain characteristics. Lastly, they have to find a random value that they included in the header, which makes the computed hash over that header a value below a particular target. In other words, they do not have to agree to change the protocol. Though there are a few gold diggers attempting to fill their pockets and certain projects that aren`t viable and shouldn`t be encouraged in any way. For users running a complete node, it is a fairly painless procedure to upgrade the software to the newest version. The process of locating a new block to extend the blockchain is known as mining. Proof-of-Work systems utilize cryptographic hashing algorithms to create the action of mining a block a complicated computation. Our software is totally incompatible with altcoins. Changes and modifications to how that it works need to be approved by consensus and every CPU gets a vote. To start with, it`s essential to realize that hardware wallet users control entirely their private keys. Whether you`re bullish or bearish on Bitcoin Gold, you ought not lose your coins as a result of careless mistakes! On the 1 hand, it may result in making a coin that solves all the pending issues. There`s no currency or digital asset named Bitcoin Core. Bitcoin Cash increases the range of transactions that may be processed per block. You could send any quantity of money, any place in the Earth, almost at no cost. You`ve made some great money already on the market, but you want more. For a wealthy individual, BTC`s price premium may be viewed as a plus. For someone without lots of money, BCH`s low price may look like a great deal for Bitcoin. If you have some concerns about the worth of Bitcoin after all forks, you need to be ready for a drop. The distinction is that not all of these suffer the chain split. The primary problem is Bitcoin imposes a hard limit on the magnitude of a block, the location where transaction information becomes stored. The end result is many straightforward wallets, called SPV wallets and very commonly found on your phone, will be quite confused about which chain is Bitcoin. In Bitcoin, the most important reason is known as the network effect.