Is the bear market over? With BTC hitting $7700 is looks like we are primed for a big altcoin season. What do you think?
Yes the bear market is very near to end because of bitcoin ETF news and I wish this bitcoin ETF should get approved. This approval of CBOE's application to SEC will give big push to the HTC price as well as to the altcoin price. Lot of new money will come into the crypto market if the SEC approves this application. |
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I am sharing here information in brief about BITCOIN ETF so that newbies and beginners will know more about ETF, BITCOIN ETF and Its effect on price of Bitcoin if the Application for the smae will be approved by the SEC.
What is #ETF ?
ETF stands for “exchange-traded fund” and describes a kind of investment fund where the price of assets like gold, stocks and oil can be tracked. These assets can then be traded on exchanges, just like conventional stocks. What this means is that investors have the option of buying and selling their holdings in this exchange-traded funds to other investors via the stock exchange.
What is Bitcoin ETF?
Basically, a Bitcoin ETF is one where the underlying asset is Bitcoin. This means that when you purchase Bitcoin ETF, you’re purchasing the cryptocurrency, albeit indirectly. This is because you’re holding the Bitcoin ETF in your portfolio and this ETF tracks the real-time price of Bitcoin. Therefore, the difference is that when you invest in Bitcoin ETF, you have the luxury of trading Bitcoins without the struggles of buying and storing it.
what is Effect on BTC ?
the application of ETFs by Wallstreet firms is a clear indicator that the big money is coming into the crypto markets through the additional products of ETFs. The impact of these products is expected to be astronomical in the sense that if the SEC approves the ETFs, they would have indirectly given the green-light for mainstream investing in all other cryptocurrencies. Hence the trillions in funds will eventually end up in the crypto markets.
When...? 10 August or Later ?
The tentative date for the SEC’s decision is Friday, August 10 — though, a 45-day extension is possible. This means that a decision should be expected no later than September 24. (Do Investment by considering it)
High Possibility ? Yes!
One major reason for last year’s rejection was that Bitcoin markets were “unregulated.” “Based on the record before it, the Commission believes that the significant markets for bitcoin are unregulated,” it explained. But later that year, Bitcoin Futures began trading as big investment banks such as Goldman Sachs and JP Morgan started dipping their toes in cryptocurrencies.
Knowledge shared by MG
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Which of the ICO are from India?
If you can verify the legitimecy of such ICO than they'll be one of the most profitable deals.
As an investor everyone have to check and verify the legitimacy of the ICOs before investing as 90% of the ICOs are scam. Everyone knows what points should be considered before taking part in ICOs, peoples are smart now a days. Which of the ICO are from India?
As India is a growing economy and the people are intelligent and hard working. But with large population and low ethics, it's a high probability they be a scam.
Indian is growing economy and blockchain indutry is still not got the platform it deserves in india due to uclear decision of governments and regulatory bodies. Once cryptocurrency will be regularized in india than there is so many things we can see from indian blockchain sectors. This whole cryptocurrency industry runs under with low ethics scam is everywhere its upto the investors to choose the best and unique project to invest. But we cannot deny the successful projects from india origin too like LALA World, Sparkstar have most of the indian team member & the upcoming project IDAP which is bringing out f the box crypto trading platform which no one have thought yet. |
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If I judge the eth will rise by the end of the year probably not, because now the current market price is getting worse, but I do not really care about it
I like your attitude, about you do not care about the present market condition which really worse since mid Jan2018. But the good news is coming up, & the good news is CBOE's application for BITCOIN ETF to the SEC. There is the chance probably till Aug 2018 end SEC will approve this application. If this BITCOIN ETF will get approved the whole market will go around 10X imagine the price of BTC will go on around 70000$ and the price of Ether will go around 4500$. |
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Most token falls in price when listed in exchange because of the following reasons
1) Bad Token matrix and higher % for Private and presale participants
2) Bad marketing
3) not able to prove their tokens real use case.
when the new token list on the exchanges these presale and private sell participants dumps token to recover their funds to get profit on their investment. you know what because of them some bounty hunter always get blamed, bounty hunters only get 1% to 4% of the total allocation of the token than how can they be the reason of dumping.
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Actually the whitepaper gives lot of information about the upcoming project based on blockchain technology. Whitepaper is the introduction between the project and the investors, at the time of reading whitepaper it must elaborate highlights of the projects like what their project can do, what problem they are solving and why they are using blockchain. if you find these information than you can go for further steps on making investment decision like researching about Team, Community, Token matrix, Marketing & ratting on trusted sites and by trusted influencers. In short I don't rely on whitepaper only for making my investment decision.
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I would advice you to invest your all funds on mainstream currency like Bitcoin or Ethereum and hold for long. Also do your own research about this industry and learn some basics of blockchain, cryptocurrency, wallets, exchanges & trading etc with help of youtube. Don't do overtrading and experiments with other altcoins till you learn basics, just stick with mainstream cryptocurrency and this will definitely give you offer when market will recover.
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Holding altcoins will not be dangerous as long as its under top 100 listed of CMC. The market is in deep and one day it will going to recover from this deep, that is for sure as tons of money is involved in the crypto market. Also a lot of Venture capital & institutional investors are showing interest in the Blockchain industry and when they will involve fully then cryptocurrency will easily hit mainstream. We are still in the early stage of the blockchain technology and if we hold Good altcoins even new Coins if their technology is good than it will be beneficial for us in the future.
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Best time to buy altcoins is depends on different different situations. First if you are able to hold long than you can enter market with best altcoins as market is in deep. Second thing is to follow the top 200 alts listed on CMC on their social media sites like twitter and medium to get latest news and update from their projects. Also the websites like Kryptokal & coinmarketcal to get lates updates and events of the cryptoworlds. This industry runs on news and trends collect those trends and use them as whenever there is news appear about testnet, Mainnet, Forks, Node integration and partnership their price increases.
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The ICO investments are riskier but if you at the track records, lot of ICOs have performed well when they hit on exchange and gave returns like 10X to 20X. ICOs investment can give you huge returns as well as huge loss. You must develop some habits like following good influencer on social media to find good ICOs and check them on trusted ICO listing site like ICODROP & doing you own research later on the same. The ICOs market is in boom from 2017 and this year they crossed the total collected funds in 2017 in Q2 of 2018 only. ICOs are like box of chocolate with offers if you invest in good ICOs at Pre Sale you will always have upper hand.
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Uchain is one of the best project of 2018 which aims to sharing based economy on new level with the help of block hain technology. UChain is also providing platform that will facilitates the development of dApps to utilize a sharing-based economy.
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KUCOIN is indeed one of the best category exchange. The voting system introduced by the KuCoin was to encourage KUCOIN community to help KuCoin to list their favourite coin or token. But this voting competition was not at all looking healthy as lot of projects were offering airdrops to get them listed on the exchange.
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From my memory, every time when Bitcoin went up, many of the altcoins went down because people wanted to climb on the Bitcoin rise. What do you think?
Actually altcoins picks rally with the Bitcoin check history on coinmarkecap take example of ripple and DGB. If the altcoin is strong and have some useful product or some promising upcoming product & if their community is strong then they can easily pick up the rally with the Bitcoin. Last year there were cases of some altcoins which got down because their team abandoned the project or because the cases of theft of funds. |
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Both NEO and EOS are healthy competitors of ETH. When you compare consensus algorithm of EOS and NEO, I think NEO have the upper hand and EOS's Delegated proffered of stakes gives more power to the arbitrator in the constitution and other people's who don't have powers in EOS constitution can't take action against them if they are not happy with the arbitrator decision. Where as NEO's Delegated Byzantine Fault Tolerance (dBFT) consensus algorithm is same but gives powers to the people's in their ecosystem.
EOS realised their mistake of giving more power to the arbitrators and now planning to implement their system by bringing CONSTITUTION 2.0.
From investment point of views both of this coin are promising and can give 10x returns when market will pick bull run.
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Well I have strong feeling with OCN that it can easily reach 0.1$ to 0.09$ till end of the year. The currency price of the OCN is around 0.006$ if you invest atlist 1000$ you can easily make profit of 5000$ to 10000$ by holding longer.
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Following ICOs looks good to me.
1) SPOTCOIN(Dividend Coin) :- SPOTCOIN offers passive income in form of dividend as follows 51% weekly dividend from the digital asset exchange & additional 12.5% quarterly from other business lines like education, retail payment & mining.
2) Jarvis+ :- Jarvis+ is decentralized conversation as a platform that adopts AI capability to enhance everyone to do anything cross-smartcontrcat with natural language
3) COVALENT :- Covalent is a privacy-protected data network that utilizes a decentralized computing network to ensure that data is encrypted at all times.
4) Marconi :- A new blockchain protocol using programmable packets to enhance security, privacy and net neutrality.
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Market is down and all the top coins are down around 40 to 90% down as compare to its ATH price. It's best time to invest your money all top 100 coins can give 10x till years end. Just diversify and buy them accordingly.
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Digibyte technology :- One of the biggest security threats on the internet is the theft of personal information, be it through websites or credit cards. Digi-ID solves this problem by eliminating the need to reveal personal information when logging into websites. It does this by removing the need for username and passwords. All you have to need to do is scan the Digi-ID QR code and you can login without putting your personal information at risk. Their technology can help.a lot lot of online banking customers or other online customer.
Digibyte has been proven profitable investment for all the holders who had shown patience in the past. Buy DGB when the price is lower and hold it for a long time as DGB also pick rally when market pick rally.
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