If by end you mean "end of the crazy never-ending rallies and limitless profit for a while " then yeah. But i also feel it's very healthy that this is happening. It gives the market a chance to breath and expand and set itself up for another run up. And if you're asking about the end of crypto in general, all i can say it that it's not even begun yet. That's not to say it won't end. For all practical purposes it could, but i feel we're very early in its story to even begin to think about that eventuality.
I'll have to go ahead here and side with ETH. The recent developments with the EOS mainnet launch and ensuing chaos have been far more than troubling. And i don't remember ETH ever facing such glaring issues in the past, so ETH it is. I even prefer NEO to EOS, in all honesty.
If you're new then it's better not to go with risky small cap coins. Rather go with exclusively BTC and ETH. Then maybe coins like NEO. Altcoins have the potential to give you big gains but also come at the cost of high risk, so it's important to understand this as a new investor and tread carefully.
Given litecoin's history, I'd say it's a good investment for the long-term. But if you ask me if i'd be investing in Litecoin now then I'll err on the side of caution. It may be a good idea to wait for an even better price considering it's price falls in the past. if history is any indication, you could get a really good deal with a little patience.
Too add to my last comment, if you're not sure about TUSD, maybe just cash out to actual fiat instead? That may not be the most popular line in crypto but that you can keep some ammo behind in a safe way to invest once you feel things are better and sentiment is back up. Difficult to tell exactly when that will be. Maybe September, maybe not. Maybe next year, maybe not. If we knew, we'd all be whales.
Yes, generally agree with most of those points. Think we'll have to wait much beyond September - maybe early 2019 even. TUSD seems interesting but I've do some some research into that just so that it doesn't become another Tether in the future.
I think best case scenario for bulls would be if the market just takes a breather and stabilises for a while. A sharp rally here doesn't even make sense, even thought it has kept happening in the past. Personally, I feel it could go much much lower. That's why I say that best case would be stability at these prices. Sure you'll see a few coins spiking up but I wouldn't go so far as to say that green days are back again.
There's no right answer to your question. But with a balanced buying strategy you'll be able to pick up some coins you've been eyeing without jeopardising your overall portfolio and taking on too much risk. Always account for worst case scenario and be prepared to buy at that time if it does get there. In short - it's okay to buy a little, but never go all it and keep some back to put in if it does go really low.
Yes it is very likely that it could go to the mid 4Ks or the low 5Ks in the short term given the prevailing sentiment. Maybe even into 1k-2k territory in the mid term. And it, in fact, has gone below 6k today on binance. However, this isn't to surprising given how markets have been performing and frankly seems like the normal course of action for it to take in order to be stronger in the long term.
In a market like this, most currencies, even the stronger ones will mirror BTC. Having said that, of all the altcoins you could possibly be holding right now ETH is still one of the strong names. Once markets bottom out, you'll find that coins like NEO, BTC and ETH will recover much faster than the rest of the market and lead the way.
I think this is issue is become more common with a lot more people facing this issue simply by posting about cryptocurrency and not just ICOs. I, too, have been banned and had to complain to twitter to get my account reinstated. The process could take up to a few days to even a month.
What does Spotcoin do? Spotcoin makes digital currencies work for everyone through direct access and simple liquidity. It was tarted as an over-the-counter clearing house in Tbilisi, Georgia that provides ease of movement between fiat and cryptocurrencies. With rapid growth, they've expanded into a multifaceted powerhouse engaged in mining operations and education. With the funding from their upcoming ICO, they aim to build an automated digital currency exchange in Georgia that gives everyone in the Black Sea region access to the smart economy.
What does Spotcoin do? Spotcoin makes digital currencies work for everyone through direct access and simple liquidity. It was tarted as an over-the-counter clearing house in Tbilisi, Georgia that provides ease of movement between fiat and cryptocurrencies. With rapid growth, they've expanded into a multifaceted powerhouse engaged in mining operations and education. With the funding from their upcoming ICO, they aim to build an automated digital currency exchange in Georgia that gives everyone in the Black Sea region access to the smart economy.
After having successfully launched the HUOBI 10 Index, Huobi - which is one of the top 3 cryptocurrency exchanges in the world - is making headlines yet again! This time with a listing on Bloomberg Terminal. With this, HUOBI 10 Index has the proud distinction of being the first blockchain-related index to be listed on the Bloomberg Terminal.
This achievement is another in a series of path-breaking announcements and developments such as the launch of the 1 billion dollar Global Blockchain Fund as well as setting up shop in countries like Australia, Canada and the United States. You can take a look at and track HUOBI 10 here. And to sign up for an account on Huobi Pro, simply click here.
The Bloomberg Terminal
The Bloomberg Terminal is a modern icon of financial markets used by over 325,000 of the most influential decision makers in the world. Its goal is to help bring transparency to financial markets and connect market participants to a groundbreaking data, analytics and information-delivery service. The Bloomberg Terminal has helped bring together real-time data on every market, breaking news, in-depth research, powerful analytics, communications tools and world-class execution capabilities - making it the preferred resource when it comes to financial markets and knowledge in the space.
About HUOBI 10 Index:
Launched on 23rd May 2018, The Huobi 10 Index is composed of 10 digital assets. Currently, the index fund is comprised of are: Bitcoin, Huobi Token, EOS, Ethereum, Bitcoin Cash , XRP , LTC , IOST , Ethereum Classic, and Dash.
The Huobi index is based on weighted samples and are selected based on the daily average turnover of all USDT pairs that are traded on Huobi Pro during the previous quarter. This is followed by an advanced asset classification process, where these trading pairs are further classified into four main groups: Coin, Utility Asset, Platform, and Application. However, it is important to note that for the index sample ,the utility assets have been excluded. Post this classification, a ranking process is carried out within each group. If the number of listed assets of a particular group was less than the intended group ratio, another top ranking asset will be appointed to fill in the vacancy.
The Huobi index base points are 1,000 Points with 23rd May 2018 being the Index baseline. As of this writing on the 22nd June 2018, HUOBI 10 Index is trading at 880.35 Points.
Performance of HB10 vs BTC, ETH, and BCH:
Since its launch on 23rd May 2018, the HUOBI 10 Index has consistently outperformed BTC, ETH, BCH and many other coins. This is an good indication that HUOBI 10 is more resilient to market swings and provides a lot more stability to an investor’s portfolio as compared to holding exclusively one asset.
Let’s take a closer look at how HB10 has fared against againsts BTC, ETH and BCH since the HUOBI 10 Index launch:
HUOBI 10 Index Price change:
HB10 Price on 23rd May (base points) was 1000
HB10 Price on 22nd June 2018 is 880 points
HB10 Price change: -12%
HB10 vs BTC -
Bitcoin Price on 23rd May 2018 was $8200
Bitcoin Price on 22nd June 2018 is $6400
BTC Price Change: -21.95%
HB10 vs ETH -
Ethereum Price on 23rd May 2018 was $675
Ethereum Price on 22nd June 2018 is $495
ETH Price Change: -26.66%
HB10 vs BCH -
BCH Price on 23rd May 2018 was $1150
BCH Price on 22nd June 2018 is $800
BCH Price Change: -30.43%
As you can see, the HUOBI 10 Index has proved to be resilient and outperform the strongest names in the cryptocurrency space even during times like these when markets are facing selling pressure.
HUOBI 10 Index Tracking Fund (HB10)
In addition to HUOBI 10 Index, Huobi also announced the launch of the HB10 Index tracking fund which is tradable on the secondary market. As it is based on the HUOBI 10 Index, HB10 has consistently outperformed the market since it’s launch earlier this month. You can see how HB10 has performed recently by following these detailed reports by Huobi here. You can track and trade HB10 on the secondary market at Huobi Pro.
Also, check out this article I’d written early just when HUOBI 10 Index had launched. It’ll give you a good idea of the components at that time and an indication of performance. And don't forget to sign up to trade of Huobi Pro here.
Huobi has opened the gates to a wider audience with their listing on the Bloomberg Terminal and is a sign of bigger and better things to come, in my opinion. It will be interesting to watch how things unfold in the future and I will be monitoring and analysing Huobi’s plans and development more closely going forward.
Huobi Pro Official Community and Social Media Channels: