My heart almost stopped when i opened Blockchain.info this morning.
Clicked Markets and everything was just fine $1,194.80. Peace!
this is so funny
blockchain.info sinks down more and more everyday, and this chart is mostly showing their services they offer not the price.
the only reason they are still alive is because they offer a newbie-liking-wallet and the name it has. otherwise it is the worst service around.
their blockexplorer is known to have many bugs, they don't show all the transactions (they filter them out!!!) and i am just waiting for the massive complains of people saying they lost money because of the recent cloudflare bug which blockchain.info is using.
This picture (from Seven Psychopaths) made me think of the past month so I did a quick edit on it, just for fun.
Enjoy
I don't know why you think that but according to
coinmarketcap it has the fourth highest trading volume, only after Bitcoin, Litecoin and Ethereum. It's responsible for about 4% of the total.
you are simply making the oldest mistake in the book. the mistake of not looking at the bigger picture. the volume has recently gone up because of 3 main reasons:
1) bitfinex situation is bad and USDT is tethered (lol) to that exchange for the most part so people are selling to get out with USDT since they can not do it with USD
2) the price of USDT tanked. it went down from $1 to $0.96 and that always increases the volume. and that is a 4% decline which is huge in something that is supposed to be worth a fixed $1 value.
3) there is always possibility of reporting fake volume by exchanges to bring themselves up in the lists such as coinmarketcap, it is like free advertising.
now go check the volume in long term. look at them for example in a couple of months back
when things were normal and then come back and compare that volume (hint: 500K dollar) with today's volume (hint: 21 mil dollar)
Monday ... well, what's the time in Tokyo ?
time to sell .. obviously
Never sell in the weekend.
NEVAAH
never sell at the top , not never sell in the weekend .. what's next? never sell when is the full moon?
No.
Never sell.
Selling of bitcoin towards the weekend is not advise cause must exchange/market were planning to close for the weekend. But it will be better if you can hold till it November this year before making a quick sell. The price per btc is to reach $2100 this year as Saxo bank predicted, remember?
this market is a 24/7 market and also global, so it won't close down for the weekends. you must be thinking about a different market then!
In the meantime, ripple bubbling to more than 1/3 of BTC marketcap in no time. Do you think itīs ripe to short the hell of or will continue pumping?
My suggestion is to never short banker(-backed) coins. Let it pump, let it dump - who cares. If crypto people wanted centralized solutions they'd own bank stocks.
"crypto people" were once like this, but now they all want profit.
so when they see a pump they join in, the pump gets bigger, then more join in and the pump gets bigger, the experienced ones get out with lots of profit and others get dumped on and stop being "crypto people" at least for a while until they realize their mistakes.