Market update Sunday February 4th 2018: Market stabilizes, JP Moron shuts down crypto transactions with credit card and Canada approves first Crypto ETF

in bitcoin •  7 years ago  (edited)

Morning guys! Sideways trading continues, volume is low and until there are any substantial changes to that I'm still pretty certain this will continue throughout February. But as we all "know",or believe, once there are bullish signals, or rumors of some whale buying, institution buying or some major positive regulatory event, prices will spike.

 
Market update Thursday January 24th, 2018 (9).png

Back into green after substantial selloff

After multi-month low Bitcoin price and for most other coins as well, most coins are now up 20%+ on the 24 hour. Bitcoin is back above $9000, and especially Litecoin, Status, Dent and Cardano is up substantially today.

https://cointelegraph.com/news/cryptocurrency-markets-move-back-into-green-after-substantial-selloff

 
Skjermbilde 2018-02-04 kl. 09.00.51.png

Canada issues first ever Blockchain-based ETF on the Toronto Stock Exchange

Another blow to those who thinks blockchain is not real or just a fad. Slowly, it is gaining mainstream and mass approval. It's just a question of time before governments has to give up the battle. They will of course fight. Some governments more than others. And governments such as Canada or Sweden are going to give up first, because they know the welfare state is over. And cryptos could offer them a more soft landing, and they can use cryptos as an escape goat. "Oh, there wasn't much we could do. We had to let the free market win." Because they know they'd fuck up in the end anyway.

The fund ticker symbol HBLK set to to begin trading next week and is focused on large and small-scale Blockchain corporations. This is IMO great news! And it makes it much easier for "normal" people to invest.

https://cointelegraph.com/news/canada-regulators-approve-countrys-first-blockchain-etf

Skjermbilde 2018-02-04 kl. 09.10.29.png

 

J.P Moron customers cannot buy cryptos with credit cards

J.P Moron chase confirmed to CNBC jan 25 that they WERE allowing credit card purchases of cryptos. However J.P M has seen a quick reversal as a spokesman told CNBC yesterday;

"At this time, we are not processing cryptocurrency purchases using credit cards, due to the volatility and risk involved. We will review the issue as the market evolves."

https://cointelegraph.com/news/jp-morgan-chase-bans-buying-cryptocurrency-with-credit-cards

In Norway we call people who change direction like this in the market for "truseskvettere" which basically means panty-squirters (someone who pisses their panties easily) and JPM acts like small panty-squirters, peeing in their precious panties because of scary cryptos. BO!

Skjermbilde 2018-02-04 kl. 09.15.51.png

 

Overall there's a more positive vibe today, and there are signs (like the fact that Canada is issuing ETF) that will tell you for sure that you should stick to this game long term. If you overlook the ridiculous FUD and focus on the real news, you understand that this is a Tsunami slowly covering the entire world with crypto-infested water.

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thanks @scandinavianlife for Market update Useful and informative post thank you dear friend

thanks for shareing this

                  RESTEEM DONE!!!!!!!!!!!!!

Thanks!

It's time to crypto market to change the color from red to green!And bitcoin again to fly to the moon!;)Good post @scandinavianlife !

дд.jpg

@bitboys, You can do the thing!

you wellcome sir
iam waiting your next post

jp moron that is a good one upvoted!

Haha. I know. I haven't seen that before. I take credit for inventing it!

If you buy brand new Range Rover, Vogue, all imaginable equipment, it would cost you about 150.000 Eur *(or about a million in Norway :) )

After 2-3 years it will be difficult to sell it for 50.000 Eur.
It's depreciating 1 Eur every 15 minutes, day and night, for years.

Yet, you CAN buy it using credit card, but the cryptos... Well, those are volatile and potentially dangerous :D Right...

yeah man , I agree with you ,there is a positive sign in the market . Indian ban to the crypto is just a false news and led to a FUD . people started panic selling and now they started to buy again .
The move by Canada is really going to be a positive sign to blockchain and crypto.

GOOD morning @scandinavianlife thanks for crptocurrency update information sir

resteem

Oh thanks for the update. Holding on fit the long haul and waiting for the bull to come.

Thanks for sharing crypto market update For this morning Keep it up I follow you and just wait for your upcoming post I wish you all the best Have a nice sunday
Crypto is the feature and rising quickly

We cant use CC anymore to buy crypto. But they can keep charging 15-19% APR. Soon we wont need banks or cc anymore anyways.

The stock market shitting the bed on Friday ought to be good for crypto as stupid people pull their money from the market. I bet everything will be up on Monday, especially if the Patriots win.

I'm glad you chose to do this in a information, I look forward to listening while a work during the day. followed.
@scandinavianlife

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  ·  7 years ago (edited)

Very sad. We have to use crypto for digital world.

thanks @scandinavianlife for Market update..
lovely infomation..i like your post..
thanks for sharing sir..

wow.. nice post. i like your Market update Sunday February 4th 2018: Market stabilizes, JP Moron shuts down crypto transactions with credit card and Canada approves first Crypto ETF post.

Hello my friend ... thanks for sharing these news updates! Very helpful!

It's so good to see the news about the crypto ETF. Canada seems to be a progressive country in the way they handle and embrace all new changes!!! Kudos to them!

JP news is a dampener! However, I am sure they will be more than happy to accept cryptos and use them when they become mainstream, which they will, one way or the other! :)

Keep them coming buddy!

Upvoted you 100% for the share!


Follow me back to spread the love!

So 24 hours on or so and we are back well and truly into the red, i would be interested is seeing what everyone thinks the bottom will be ...ive been seeing informed calls of $5-$6K bottom...what does Steemit know..?

This post has received a 4.97 % upvote from @aksdwi thanks to: @scandinavianlife.