Beginners guide to mining litecoin on a mac
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The stock exchange saw billions in fiat money go to the toilet, with sensationalist headlines comparing this to days closer to the crisis. There are many analysts still trying to come with a plausible explanation on what was the cause of such a correction. Though many investors were sure that one pull-back was due in , no one was expecting it so soon.
Now, even the regular mainstream media is making headlines about how Bitcoin is going up while the Stocks are plunging he who laugh last laugh better. Not all was bad regarding media and governments. Even though we should not care much about the government fight against the crypto space, some good signs were coming from the watchdogs.
Best moral of all is that investors will have peace of mind and there are no signs of a total clampdown on the crypto space. We look forward to G20 talks to be held next month, March, in Argentina. There we will see more updates on how the international community tries to cope with one of the most significant financial and technological advancements since the Dot. Good is that so far the U. Keeping us in the U. More than a government blackout it sends the whole country to an inevitable insolvency.
Apparently, now is turn for Waffet's Moody's rate agency to threat on a note downgrade on the U. Thing is also, U. It is mentioned that the recent tax reform does only sum up problems to the current situation, with billions in tax cuts, there is no other result than a greater indebtedness for the government.
Inflation concerns, higher and probably unrecoverable debt, put the U. Some remarks made recently about the legitimacy of the crypto space vs. Not much more to add to this guy words Talking about FUD fear, uncertainty, and doubt. Binance went overnight through a serious of technical problems due to a programmed system upgrade, which apparently went wrong. Traders and social media, all along, started sharing fearsome news suggesting that probably Binance was the victim of a Hack attack.
We know there have been massive scandals and Exchanges should not be subject to much trust. But, we also should not start a panic sell just because an exchange is offline a couple more hours. The Public Relations department of Binance made a great work by putting CZ twitter account on the spotlight calming down users and media. The only thing close to a hack, was a DDoS attack on the primary domain from Binance, promptly the CEO offered other alternatives to show that all was under control.
Coming back to more TA subject. By the time of trading, BTC was fighting with the 8. As seen on the chart, we are right now in one of the most extended uptrends intra-week.
Though we need to go above 9. If this resistance cannot be taken now, we could see a retracement to 8,4K which in the case is not strong enough can take BTC to revisit 7. From a fundamental point of view, I do not think there are any reasons to go below those levels. We are closing a kind of positive week, even more, after U.
The 9K area it will be in my view a tough fight, is also closer to the 10K psychological test level. Going to five digits level could also mean a bullish impulse to go on the 12K levels.
But, I suppose that it does not have such a strength to do it over the weekend. We look forward to seeing a greenish week in the coming days.
Also, we expect a higher volatility as we get closer to the end of the Asian's new year festivities. It is also worthy to keep an eye on the performance of the Global Markets, to confirm if cryptos could start playing a safe haven asset class - though, their higher volatility is easier to outperform most indexes. Good news across the board - Satan meets Dow Jones After all the shed blood the last weeks, we finally have a little break. While the traditional Markets saw the biggest market Rout since , the cryptos got out of the mainstream BS attention, which intended to discourage investors.
Maybe that was one of the reasons for the rebound. Authors get paid when people like you upvote their post.