The cryptocurrency market continues to fall as Bitcoin drops beneath $7k. Ethereum dances along a strong support line. Is this one of the best times to buy Ethereum since it's bull run?
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Lol dude no eth will go down more, ever heard of eth having rent fees?? What a joke! I guess graph analysis will always be one step behind. I think its better to watch out for news instead of looking at useless graphs.
Like I mentioned on one of your videos before. Since the rumor came out about coinbase accepting ERC20 tokens. Most of the ethereum based tokens are up on the green. Especially EOS which I think could end up in coinbase😁
According to my chart, ETH bottom seems to be around $340, I bought a lot at $380 and I don't expect it to go much lower than that but we'll see. Absolute lowest I can see is $280 which would be amazing.
I tried buying a full bitcoin last night using my normal entry, coinbase doesn't support Hawaii. So I use Changlly. I have never had any issues changing fiat into btc before, ever. Now both Visa and Mastercard are blocking All crypto purchases, and I feel that's bullsh$t. I called and complained, asking how they can tell me what to spend my money on. The operator just said it's new policy that just happened in Feburary. So I'm not sure if coinbase is flagged, maybe our community can comment on that, but that could be a huge reason we are no seeing any rebounds. It's hard enough getting into crypto with a credit card, now it's that much more difficult. Obviously the banks and credit card companies feel threatened because they know that WHEN crypto takes off, they are going to lose money, big time. The rich bankers do not want to lose their cush lifestyles. That being said, I was still able to get about $2500 in using a couple sources that must not be red flagged by the cc companies yet.
Lmk if anyone else is having the same problem and how you plan on entering the market. I'm trying to get a meeting with the Senate committee chairman for finance here in Hawaii. 2 days ago he mentioned to my friend that they have already been discussing the crypto market and are open to public input. These guys need our input. We need them to tell the banks and cc card companies to not censor the publics personal spending choices, that's not their job and it might not be legal for them to tell you what you can and cannot buy.
Happy aloha Friday, and keep you chin up
i trade on Quoinex which is a japanese fully regulated exchange run by Quoine....there are Fiat to crypto trading pairs and fiat deposits and withdraws are possibl too but US users are'nt permitted to sign up but they ARE allowed to sign up to their crypto only exchange Qryptos....so i think it's a US government thing.....no exchanges that support fiat deposits
More and more projects are moving their erc20 token onto a mainnet and or they are building or planning to build up on the plethora of other dapp platforms (lisk, cardano, qtum, neo, neblio, elastos, ardor, ubiq etc . . . ) eth will not remain on top for dapps
It's all about ETH at the moment for sure. I bought my first position at $385 noticing this important level and have limit buys down to $285. I'm not tapping out on stop losses. It could go lower but with news of USD pairs (reducing Bitcoin dominance) and Coinbase supporting ERC20 it's obvious this will have a strong recovery, possibly even keep up with BTC.
i say no.....EMA is still all the wrong way up on the daily and weekly charts by a long way....might be a small bounce but the way i see it we're down until at least the end of may....and then we still need to see confirming candles to let us know things have really turned around...
best bet now is to read the charts and find altcoins that are going to climb or if you don't know how to read charts properly then bail out to fiat or tether if you trust it....there's no point trading into a coin that's going to move sideways for weeks when there's money to be made elsewhere
HI B - great show like always! I think ETH is probably going down to the $260-280 range. It's at $376 now, already past that $400 support level. Take a look at the Volume Profile indicator (volume and price level bars will show up on the right side of the chart). I'll definitely buy at those prices, or if it bounces up with volume from current price. Keep up the awesome informative work!
B you might be missing the bigger pict on ethereum. If the SEC decides that ERC20 tokens are in fact securities, what do you think will happen to eth's price? What would happen to the value of all the current ERC20 projects out there like Binance(BNB), Tron (TRX), VeChain (VEN), and the other 98% of the ICO's currently running on ethereum?
I believe these concerns are being baked into ethereums current price, and "could" be why eth is dropping faster than BTC.
Knwohwo : Well, the SEC said they're going to start cracking down on ICO's. There used to be a new ICO a day. Now it's down to a trickle.
Since 97% of all ICO's past and present run on ethereums ERC20 token....the less ICO's there are, the less demand for ethereum. Twitter, Google and Facebook have now banned crpto & ICO ads.
Now there's even less exposure for ICO's.
So what's to stop the SEC from saying that any ICO's running on ethereum is now concidered a security?
Even LESS ICO's, and even less need for ethereum. It would also mean I as a US citizen I would have to sell any ERC20 tokens I hold. What would happen to ethereum after that?
John Wick's pencil Um no actually what the fuck? Bitconnect didn't run on the bitcoin network. Bitconnect and bitcoin are two separate things but Ethereum and P3D are all on the Ethereum network so that argument makes 0 sense my friend.
B, can you please do a video on your top 5 altcoins youd buy right now ready for the bull run, looking particularly at the ones that will give you a good short term gain rather than the longer hold coins? would be awesome to hear your thoughts!
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