The haze in Kuala Lumpur is really bad .. so lucky thing I was heading out to Vietnam for a few days and at least get to breathe some fresh air while getting some things done there.
So whats happening to cryptos this fine Monday ??? Looks like Bitcoin did another dip … and is now sitting at about $10,350, however based on my quick look at the charts .. we may see another dip before moving towards 10,550 – 10,880
Even the market sentiments seems to be siding the shorts where there is a 82 million dollars in the difference in superiority as of the time of this writing. This may however flip in my estimates within 48 hours .. but I’ve been wrong many times before.
STEEM however ….. it seems to be holding on strong with low resistance of 0.00001540 BTC . Its seems like a good indication to buy around that price as its been tested before at that level and held strong.
These are all just my opinions and not financial advice. If you are trading .. do it at your own risk.
Anyways .. back to my short trip and Vietnam keeps me hunting for food !!! So far managed to find a few new ones like this Crab Noodles Soup !
Or this really yummy mixed salad ..
Have a great week ahead guys !! And keep on steeming !
Until now there is still no proof that this is the real Satoshi as he currently holds about 980k of Bitcoins where there has been no transaction on it.
So the big question still remains .. is he the real Satoshi ? If he is .. all he has to do is just to move any amount of BTC from that wallet to anywhere … really does not matter nor does it matter how much. It would be proof of ownership I would guess.
We are just days away from the full reveal, however, would you think that it would impact the market stability? Would it pump bitcoin or will it crash and burn ? or would it just be another social experiement which someone is doing and does not have any significant market change.
Afterall … for a billionaire , he did use only $1 to buy his domain. So lets wait and see what happens once all 3 parts has been revealed.
Who knows … perhaps he is going to distribute his 980k of BTC to everyone ! but hey …. anything could happen…
Everyone who has a little fortune on crypto either actual or fictional gets really excited when the price of Bitcoins ( BTC ) goes up and they go beserk that the price starts going down.
So far there are 4 types of people which I’ve met and I could categorize them like this when BTC starts fluctuating like a yoyo on steroids.
Hold on their crypto and yet imaginatively think how much they have either made or lost if they sold it just now.
Stuck in ALT coins and wished they had sold it when it was at its All Time High (ATH)
The FOMO dude … gets excited or frustrated but do not hold a single crypto wishing they had imaginatively bought some when it was 6 cents.
A trader … enuf said !
Not many dare venture into crypto trade with so much news of exchanges being the targets of hackers and exchanges just do an exit scam. Some also tried it out and had bad experience with it, therefore, they decided not to try it again.
There is no right nor is there wrong in doing any of the above as its your money and your assets. If you had held BTC at a certain point in time, you would almost be in profits just by holding your coins as the value had increased so much that it would be stupid to buy pizza with 10,000 BTC.
Just like in some traditional markets, today’s variety of crypto trading has widened to match the options of the traditional markets. Instead of only the typical exchange which only offers Buy High and Sell Low trade boards. We are all now introduced to other instruments like FUTURES Market for crypto.
In a really simple term, you are able to make money whichever way the markets go. Now, also remember that you are also able to loose money whichever way the market goes.
One of the platforms which I kinda like to mess around with is Kraken. I think it has a really slick interface and most importantly, the platform is fast and so far reliable for me.
In most of these Crypto Futures trade platform, you would normally see that they do not use the symbol of BTC as you are not really trading Bitcoins / USD , however, you are trading Bitcoin Contracts. Each contract is normally worth $1 . So if you are buying $100 , you are actually buying 100 contracts.
There are 2 main type of trades. You can either buy LONG or SHORT. Buying LONG means you buy it at a low price now and possibly sell it at the Higher price. Going SHORT would meant your want to sell at a high price now and then buy it at a lower price. So both ways you are able to earn a lil bit of $$$ …. if you place your order in the right direction.
Those are the 2 most basics you need to know. There are so many other things you can do to minimize your losses, to increase your profits with minimal capital.
So if you are keen or even interested in starting to trade crypto futures market ( its not meant for the weak heart ) I do suggest you just give it a try with perhaps at least $50 or $100 ?
Only trade what you can afford to lose should always be your no.1 rule. As things move extremely fast in the crypto world.
I do suggest you look up tutorials which is abundance on youtube from people who has been trading crypto futures and you will be able to learn a lot. Again, it’s your money, therefore, I’m sure you would always like to make the best decision to your best ability.
Here is the link if you want to checkout the platform
Today we take a look at 3 of the new projects which I’m excited to share about and a quick summary of what that project is all about.
TRIPLEA – http://www.triplea.reviews
For all you movie buffs & tv addicts, this would be the best tribe for you. You can write all you want about the movies you’ve seen and tv shows which you started watching and just can’t wait for the next episode. This is really for you.
Every article you write, if you get upvoted with someone who has a stake , you will earn their tokens which is called AAA . Currently trading on steem engine at about 0.005 steem per token.
They also have a bot which is called @triplea.bot and if you delegate to it, you would get some AAA tokens on a daily basis.
STEEMLEO – http://www.steemleo.com
Now this tribe kinda resonates with me as I like to read about crypto trades and what’s happening to the markets today. This is purely a community who likes to talk about making money or anything related to crypto. Its highly moderated and congrats to the team in making this platform a success.
STEEMLEO also have delegation options and miners setup in 2 different token investment. Meaning if you bought LEOM and LEOMM you could get more LEOs token on a daily basis. Else you could just stake all the LEO tokens you receive so you can support other authors or even yourself. ( Steem Leo Miners )
STEEMACE – http://www.steemace.io
Another SCOT tribe which I have just started on and will be posting more regularly here as well. Its meant for the GAMERS !!!!!! Yes , its all about games !
The reward that you would get would be in their token called GG . These was the latest tribe which I found and I must say that the community is just striving. A lot of members has started writing on this platform.
They have started doing their airdrops and if you check your steem engine you may already have it. The first round is to those who had used the tag game or gaming over the past 30 days. And the other airdrop is for those who had staked some PAL tokens. There may be more to come … who knows !
I just like the idea of being able to have a more focus platform instead of steemit which is just all over the place with such diversities of topics and interest.
These are just 3 of the ones which has just started. There are numerous more which are out and more to come which I’m sure we would have tribes / communities for so many different diversities.
So what should you blog about today and have you joined any of these tribes ?
Looks like the charts are looking really good and we are now reaching the peak of BTC/USDT which may lead us up to about 15k – 30k. However these are just fundamentals and is not an investment advise.
STEEM/BTC pairs however looks like its taking a dive down really really low. If you follow @lukestokes daily reports you will see that there are a lot of withdrawals happening everyday.
Just last week alone there was almost 1.7 million STEEM being transferred out to just Binance and Upbit. ( source ) The rest went everywhere else, however the big bulk was these exchanges.
If you had transferred out and exchanged your STEEM to BTC last week you would have made about 10%-15% increase in earnings. So sometimes you wonder if you should do it for that gain.
When BTCs moons to a All Time High ( ATH ) you would be able to have significant gains by buying STEEM at that point. Although there is no guarantee and not a strategy for everyone and with HF21 with SMT in clearer view, there is a possibility that STEEM would strengthen once more. But that’s a lot of What If and may be a bit too risky for those who don’t want to miss out on current market advantages.
For me , I’m not powering down however I’m liquidating some steem so that I would be able to buy into STEEM at a stronger position once the BTC markets moves sideways.
I’m not a “trade expert” however these are just my thoughts and not any advise. Do let me know if you can share your strategy.