In this report I cover the early market action from London on February 2nd, 2018. I also talk about bitcoin and the crypto currencies in general and what I think about the current state of the market.
"Gut Wrenching Crypto Correction Good for Investors.": https://steemit.com/bitcoin/@maneco64/gut-wrenching-crypto-correction-good-for-investors
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Appreciate the link and video. Seems the crypto community is circling the wagons and getting ready to add more gold to the market. Gold market dropping and cryptos starting to rise.
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I think we'll see a dead cat bounce in crypto's before a further fall. Once that's done some crypto's with good utility will grow gradually as organisations start to use them in business applications. I'm not sure the pure cryptocurrencies will survive. I like IOTA for it's internet of things backbone, Ethereum for it's smart contracts, NEO for smart contracts and blockchain apps and Ripple (although a bank backed blockchain, it is proving it's worth as a replacement for SWIFT). Steem is obviously a great idea too.
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Interesting analysis.
I agree with you that there could be further falls . But once over, the good and useful cryptocurrencies will flourish and rise.
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nice post but i want similar post for SBD currency, thanks for sharing this
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That's so cool @maneco64, thank you very much there always sharing about the development of Bitcoin. Hopefully you will be more successful in working in steemit.
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bitcoin will go to the moon after lightning network entegrated.
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when everyone says that the right time to sell cryptocurrency is just the right time to buy cryptocurrency.....
that's it
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Thanx for the morning report. Informative and interesting as usual.
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You already know, a lot of hot air needs to come out of all of these markets.
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I think good days waiting us...
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@maneco64 I would like your opinion on something about cyptos like bitcoin. Some people say that bitcoin is a store of value. Now, I understand that it can transfer value, but I do not think that it is a good store of value like precious metals for example. Do you have an opinion on this specific aspect of bitcoin in particular. Thank you, an admiring fan of your honest reports.
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