Bitcoin Prices Surges Up, STEEM Achieved Top Gains

tysler (71) in bitcoin • 7 years ago (edited)

Bitcoin prices up by ~15%, while STEEM makes extreme gains up to 45%

It is good to come home end of the day to realize Bitcoin prices went up :)
**Short disclaimer: If you are holding Bitcoin for long-term investments, these fluctuations or short bull runs may not interest that much. But for traders, these fluctuations are exactly what you have been waiting for.

Bitcoin [BTC]
Although the surge may seem pretty huge of 15% to USD7,800, always take a look at the bigger time frame for example 1 year. You will see that Bitcoin made a small victory compared to its USD20,000 peak during Dec 2017.

Image source: coinmarketcap - BTC

Ethereum [ETH]
Ether's price remains around USD490, but most importantly we would like to see Ethereum's value going up against Bitcoin (ETH/BTC). Currently, prices hover around 0.06 ETH/BTC. Expectations are for ETH/BTC to at least double when many of the pre-ICOs, ICOs and smart contracts are fulfilled under Ethereum.

Image source: coinmarketcap - ETH

STEEM and SBD
On the Steemit platform, it is delightful to see STEEM and SBD rising strongly against USD as well as BTC to reach USD2.90. Similarly, SBD experienced a 50% gain reaching USD2.58. STEEM and SBD are once again largely due to big buys from the Korean trading markets, around USD55-60 million for STEEM and SBD each via UpBit exchange. Maybe our #kr friends here can explain why Steemit is gaining so much popularity in South Korea? 안녕하세요, 당신은 어떠세요? 왜 STEEM이 한국에서 그렇게 인기가 있습니까? (Courtesy of Google Translate)

Image source: coinmarketcap - STEEM

Image source: coinmarketcap - SBD

Top 5 Coin Gainers

Image source: coinmarketcap - Top 5 Gainers

Bitcoin Private [BTCP]
I also noticed Bitcoin Private increased by 100% in price. Bitcoin Private is a co-merged hard fork from Bitcoin and ZClassic Chain, with an additional layer of privacy for "the sender, recipient and other transactional metadata" (source: https://btcprivate.org/). Sitting at USD29.97, will prices shoot up to Bitcoin Cash levels or crash like Bitcoin Gold?

Image source: coincentral - Bitcoin Private

It gets more interesting and exciting everyday.

-tysler

bitcoin steem cryptocurrency investment kr

7 years ago by tysler (71)

$130.22

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orangesphere (55) · 7 years ago

Oh crypto. What a rollercoaster you are.

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1 vote

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tysler (71) · 7 years ago

up and down. just small movements if you zoom out the price charts :)

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menerva (61) · 7 years ago

Re: Korean demand for Steem

I believe there was some speculation that EOS or Steem might start trading on Coinbase soon.

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1 vote

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tysler (71) · 7 years ago (edited)

Wow that is good to know :) Are there any Korean online news reports about Steemit? 고맙습니다

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menerva (61) · 7 years ago

There's generally a lot more interest about steemit in Korea than the U.S. I don't think there was any specific news that prompted the demand. I bet it's a lot of people looking at the charts and joining the band wagon. A lot of short term crypto traders in Korea.

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tysler (71) · 7 years ago

A very tech savvy and trendsetting generation of Koreans :) I also know Samsung is starting to manufacture ASICs miners for Bitcoin. Hope my articles can reach kr followers too

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karamyog (72) · 7 years ago

Not sure how many traders were happy by yesterday's moves. Most of the market was short. And expectations are that what happened yesterday was a short squeeze. Sellers forced out their positions.

Or the start of big money coming in.

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1 vote

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sneaky-ninja (59) · 7 years ago

Sneaky Ninja Attack! You have just been defended with a 24.63% upvote!
I was summoned by @tysler. I have done their bidding and now I will vanish...

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A portion of the proceeds from your bid was used in support of youarehope and tarc.

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Victim of grumpycat?

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crypto-toast (42) · 7 years ago

Profit taking occurring now. Wait to re-enter.

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the-resistance (47) · 7 years ago

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discoversteem (5) · 7 years ago

We recommended this post here.

We are Discover Steem, if you like our work consider giving us an upvote. :) If you don't wish to receive recommendations under your posts and to be recommended, reply with STOP.