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Bitcoin

The Bitcoin Slingshot: Why This Was Not A Reversal Dump

in TRADING CRYPTOCURRENCIES
The Bitcoin Slingshot
The Bitcoin Slingshot

[Guest Post] This Bitcoin Analysis has been provided by Cryptomedics (read the full review of their service here)


We are still very bullish at this moment. Reasons for a reversal of this short-term uptrend are lacking and this “dump” is not a reversal-dump, meaning we will see a higher high (above 8500).
Compare reversal dumps and accumulation dumps with this one. You will see this is an accumulation dump.
To see the sentiment of the market, we had a test with WV ETF rejection, and we slingshotted back up, then we had a dump yesterday, slingshotted back up. This is clearly a sign that we have a shit ton of buyers in the market right now Keep Reading

How To Spend It? Pay Your Everyday Expenses in Crypto!

in INVESTING IN CRYPTOCURRENCIES
How to spend Bitcoin for purchases?
How to spend Bitcoin for purchases?

Traveling, services, online shop purchases, gift cards, freelancers, and so much more – nowadays you can pay literally for everything with your crypto funds – and still, you have to search for this possibilities.  This article shall give you a neat roundup on how to spend your bitcoins and other cryptocurrencies for almost everything available. Hey, it is a Crypto CURRENCY – so let’s use it and go shopping! Keep Reading

Is This The Death Of Altcoins?!

in INVESTING IN CRYPTOCURRENCIES
The Death Of Altcoins?
The Death Of Altcoins?

Guest Post Provided by CryptoMedics (Read the review of their service here)
You might have realized that Altcoins have been suffering while Bitcoin dominance is going up. Many of our favorite Altcoins have taken another major hit. The Satoshi value of most large caps is still depressed compared to back when BTC broke beneath $6,000.

Take a look at this: Keep Reading

Reality Check for Bitcoin: An Uncomfortable Truth.

in INVESTING IN CRYPTOCURRENCIES
Reality Check For Bitcoin
Reality Check For Bitcoin

Many technocrats believe in the blockchain, Bitcoin, and other cryptocurrencies to solve the problems of the world by machine power. Well, I am not too optimistic, that this will be the case in the scale we anticipate right now and I think as well many of us are blinded by the crypto-frenzy. It is understandable – the elder ones don’t want to be like the “internet non-believers” end of the 90s and think “this time, I won’t be wrong by denying the future”, and try to be the smart guy, that reads the cards of the future right.  Considering all these ICOs that wanted to “disrupt” all parts of human living, it must be a bad joke. I admit, this article has a bad timing – Bitcoin is up again, and it is natural not to want to see the other side of the coin – we want to enjoy the rise, right? But let me be the devil’s advocate today – let’s do it for the tech and not for the money, this single time – as progress only happens if we recognize the shortcomings and fix them. We tend not to see the hand in front of our eyes, and it is time to peep through – with an emphasis on one of Bitcoin’s most significant problems: its hunger for energy. Time for a reality check. Keep Reading

One Fifth of Bitcoins are LOST! Real Supply of BTC is Running Out!

in INVESTING IN CRYPTOCURRENCIES
Lost Bitcoins Are Constantly Decreasing the Supply
Lost Bitcoins Are Constantly Decreasing the Supply

Noting a recent report by the wall street journal that cites around 20% of all the bitcoins created have been lost. Being this the case thus increasing the scarcity of bitcoin in the future and even possibly giving credence to very large upward price moves that many pundits have been expecting, due to the diminished supply of BTC. With the inherent nature of cryptocurrency being anonymous by design, many of these coins will likely never be recovered and further add to the value of future bitcoins prices. If ever there was a reason to FOMO, this is a big one… Keep Reading

Bitcoin TA or the Highway…

in TRADING CRYPTOCURRENCIES
Does Technical Analysis on Bitcoin work?
Does Technical Analysis on Bitcoin work?

Do you hate Technical Analysis or think it holds no weight in your day to day trading ideas? Think again. TA is not simply drawing lines and figuring out Fibonacci ratios to grow your investments. It serves trading bitcoin as Rambo served his country, often unloved but for sure a needed unsung hero for us to abuse… Keep Reading

Demystifying the Bitcoin Bart Simpson Pattern

in TRADING CRYPTOCURRENCIES
Bart Simpson Pattern on Bitcoin
Bart Simpson Pattern on Bitcoin

On every Bitcoin price discussion you face, may it be telegram channels, may it be Reddit, Facebook or Twitter you will find people screaming “There, there – that whale-driven manipulation Bart pattern on Bitcoin” – Ricco, who is our technical analyst at Smart Options, has been trading since the 90s and knows inside and out the common chart patterns. When we discussed the recent hype about the “Bart Simpson” – pattern, he immediately sat down to make a video, as he is allergic against – quote –  “overhyped garbage” – quote end-. See Ricco demystifying the Bart Simpson pattern now: Keep Reading

Hopium? The Real Reasons To Be Bullish On Bitcoin

in INVESTING IN CRYPTOCURRENCIES
Bullish on Bitcoin
Bullish on Bitcoin

Listening to the forums and chat rooms about the next Bull Run on Bitcoin can be a pain. One can smell the invisible vibe of fear that the bubble has burst,  fought down by lots of Hopium that just makes no sense. It smells like cold sweat and dirty teenager socks when all these hope-driven discussions climax why Bitcoin shall start a hyper-run to 50k next week. We had the Chinese New Year, the tax season, the Wall Street boni and countless other reasons pulled out of thin air to not lose the faith in Bitcoin. Desperately woven, highly speculative assumptions, followed by one thing again and again: disappointment. And while we don’t know when the rocket will take off, we have collected some profound reasons, why we think that we are not lost – but sitting in the loop of a very promising waiting game… Keep Reading

Bitcoin and market psychology- Sell off before take off?!

in CRYPTOCURRENCY NEWS

Our friends from CryptoMedics send us this Market Update to share with you. We found it useful and thought you might enjoy!
We have mentioned it many times-this markets are heavily influenced by manipulation.
Now, the US is even investigating bitcoin price manipulation. Will that change anything? No, we don’t think so. If you want to understand manipulation, please go back to our APRILS NEWSLETTER– we have given you an easy explanation.So, what is going to happen to BTC? Bitcoin is not following any rules when it comes to TA at the moment which indicates manipulation. When it comes to trading we have two major players:
Keep Reading

[Experimental Consensus ’18 Portfolios] Altcoin Sponsors vs Big 5

in INVESTING IN CRYPTOCURRENCIES

Everyone’s aunt and his dog Chewy are so convinced that the next Bull run will begin with the Consensus conference, starting in a few hours. Bitmex junkies sit in front of their monitors, waiting for the “PUMP” with their nerves to become caressed by the neat “system overload” feature of the trading exchange.

We, at Smartoptions.io, would love to see more of a slow and steady growth, but what does Bitcoin care? Exactly.
As most Altcoins are still in shock from the last dump Bitcoin has issued, there are some opportunities to grab some red-hot items – not because of Consensus, but with Consensus in mind.

Many crypto blogs and websites hyping Consensus across the place right now.  We thought this might be an interesting chance for a nice experiment. Will an altcoin portfolio of Consensus sponsors perform better than a Big 5 portfolio of Bitcoin, Ethereum, Ripple, BitcoinCash, and Litecoin? Let’s go shopping and run these against each other! Keep Reading

Altcoin Sponsors vs Big 5"]
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