In my opinion, this still remains one of the best indicators of retail participation. Still only 30% to what it was in 2017 but clear uptick is there in the recent weeks. Follow these numbers closely in the coming weeks
If you really think Tether bullshit and Mt.Gox FUD is bigger than QE / central bank money printing, then you are doing it wrong; sell your BTC to Grayscale, Paypal, Cashapp, UHWNI's and hedge funds, and get out of the game.
They didn't buy at $3k because "it will go to $1k".
They aren't buying at $5k because "it's a bull trap".
They won't buy at $10k because "waiting for the dip".
They won't buy at $20k because "it's too expensive".
They will buy at $100k because "it's going to $1M".🤦♂️
#bitcoin
This week in crypto:
1. India looking to legalize crypto
2. Litecoin sponsors UFC fight
3. Italy building blockchain strategy
4. Kuwait’s National Bank uses Ripple
5. Square named Yahoo Finance Company of the Year
6. Bitcoin still not dead ;)
Onwards!
If Facebook launches the stablecoin they are reportedly building, it will quickly become the most used product in crypto.
WhatsApp has over 200,000,000 users in India alone.
The Indian government has been fighting crypto too so things are about to get very, very interesting...
This is not ICOs, this is NASDAQ % drop from ATHs. Scam? 😅😂
GOPRO -95%
FIT -92%
LC -91%
SNAP -83%
P -80%
ZNGA -77%
HIVE -73%
TRUE -66%
TWTR -63%
SONO -60%
DBX -57%
Z -57%
PS -50%
FTCH -49%
PSTG -48%
SPOT -48%
BOX -46%
DOCU -45%
SVMK -45%
FB -42%
If Bill Gates, Steve Jobs and Mark Zuckerberg were kids today, they would be building the future decentralized world.
Every generation has its technology revolution.
Crypto is ours 🙏🏽
Important ideas right now:
- Be greedy when others are fearful
- Buy when there is blood in streets
- Don’t sell what is on sale
- Concentration builds wealth, diversification preserves wealth
Simple ideas. Hard to execute.
The choice is yours.
HERE WE GO.
Amazon just announced a new cloud service that will empower developers to build blockchains more efficiently.
The infrastructure continues to be built. Price is only a distraction.
Focus on the fundamentals.
SO MANY PEOPLE ASKING ABOUT Initiative Q
It’s probably a scam assembling the world’s biggest email list of people who believe in get-rich-quick schemes.
That email list will be sold for millions of dollars to scams, MLM networks, penny stock dealers etc
BEWARE
#nofreelunch
Price of #bitcoin in history by approx. today:
2013: $315
2014: $347
2015: $386
2016: $695
2017: $6110
2018: $6500 (Still +6.3%)
You don't see the crashes in between, right? Nice stable growth.
Keep calm & relax.
Next year $15.000+.
$BTC #crypto
The 2nd half of 2018 has seen a massive rotation of BTC from weak to strong hands that are long term buyers with a multi-year horizon (5+ year horizon for many)
The depth & breadth of such buyers around this price range appears significant.
November and December were huge for Bitcoin and Crypto in 2017
An institution (likely) has bought nearly a billion dollars in Bitcoin at $6400 in anticipation of something...
BAKKT?
An ETF?
A very Merry Christmas coming...?
Morgan Stanley just officially announced that they consider crypto a new institutional asset class.
Every institution has to #GetOffZero and get in the game.
The virus is spreading 🚀
This week in crypto:
1. Bakkt sets launch date
2. Singapore invests in Binance
3. China ruled BTC is property
4. Bitfury considers IPO
5. Coinbase now qualified custodian
6. Coinbase adds USDC
7. Elon tweeted about BTC
5. BTC less volatile than S&P 500, Nasdaq & DOW
Onwards!
Every day I become more confident that Bitcoin will eventually become the global reserve currency.
It may take 50 years. But it is going to happen.
What an incredible opportunity.
This week in crypto:
1. Crypto miners caught in trade war
2. SEC start FinHub to help startups
3. US Marshals will auction $4.3M BTC
4. Bitcoin Futures grew 41% in Q3
5. Qtum partnered w/ AWS in China
6. @coinbase listed 0x token
7. ETH Foundation awarded $3M in grants
Onwards!