Crypto Daily
18 July 2018
Index
Altcoins 1
Basic Attention Token 1
Waves 1
Wanchain 1
Ardor 2
SALT 2
GoChain 2
News 3
Bitcoin 3
Entertainment 4
Bulls 4
I don’t know if you could quite see me there, but that was me running with the bulls. Quite possibly the dumbest intro I’ve ever made.
Market cap almost back to $300 billion, a milestone we have not seen since falling below it back in early June. Today Bitcoin is holding onto $7400, just about. Nicely there is a lot of volume still. Maybe slightly early for the lambo memes, but an Audi R8 was spotted in the wild with this license plate:
Now what he is referring to is unclear, could it be bitcoin cash? We don’t know, but as the top poster clearly illustrates, he sodl. Sodled near the top.
And that’s the easy way to money right, buying high and selling low. Or is it the other way around. It’s more complicated than it seems. It’s just knowing when to sell.
Market sentiment says not right now:
Multiple posts like this one can be spotted around online.
https://imgur.com/a/9EBOFKW
Source:
With the Bitcoin ETF being voted on August 10th. Can we see something similar? This allows more institutional investors to invest in Bitcoin as it would simplify and streamline the buying process as well as their holdings insured against some of the operational risks of sourcing and holding bitcoin. Experts believe there is one more dip expected before the next big boom.
According to the BitMEX CEO, a man heavily incentive to see the success of Bitcoins fiat valuation, says $50k by end of year is likely: https://cryptoslate.com/op-ed-why-bitcoin-etf-approval-could-catalyze-the-biggest-bull-run-yet/
Confirmed then. $50k end of year. Some more opinions let’s keep going.
https://mobile.twitter.com/rallyqt/status/1019012447167016961
I don’t know, I’m hopeful. I just can’t help but draw similarities to now and late 2013, when Bitcoin shot up to $1k, and then slumped for years. Now Mt.Gox was largely to blame for this, and we have Mt. Gox to blame again in some part, but there’s always going to be something blamed for a dip. Including if I don’t make a video that day.
The people holding down here would have had their patience tried so hard, only for those to persevered to be reward a couple years later, massively. Hugely life changing stuff, and I’d prefer the average person like you watching right now benefit than large institutional money.
Here’s another picture which illustrates it: 
Can most of us hold to $50k. Should most of us hold to $50k? It’s going to be tempting for many to sell all they hold should Bitcoin get close to $20k again.
Want even more proof? Let’s look at your infallible source of crypto information, YouTube. How many youtubers have made a vid talking about $50k BTC. Quite a lot. Oh look, there’s me. 5 months ago xD
I like to try and do the opposite of what market sentiment is. If they’re super bullish I consider selling, if it’s super negative I consider buying, otherwise you always will be buying high and selling low. But I’m personally very interested to see what happens. But I am very cautious. I wonder where we are on this market cycle:
Let me play devils advocate for a second, not because I don’t like just being completely bullish, but so you’re more fully prepared for whatever may come.
People expecting massive money to enter on August 10th specifically may be disappointed. It’s been theorised that the decision can be no sooner than August 16th. https://cryptodisrupt.com/bitcoin-etf-decision-will-not-be-on-august-10/?cn-reloaded=1 And even that date can be extended if required and even once the eventual date does arrive the SEC can still initiate further proceedings to assist in decision making.
And anyway, it’s completely possible that the surge in the markets we saw was just completely disconnected to the ETF ruling that’s coming up and was just natural market moves as short orders on BTC were squeezed out.
In addition the public hearing about Cryptocurrencies in the US was held yesterday, which you can watch here:
Keep in mind it is over 2 hours long. It generally wasn’t that positive. The basic arguments like Bitcoin is used for narcotics trafficking, terrorism, tax evasion, hackers and fraud and the like.Like this bit about Ban Cryptocurrencies: https://dailyhodl.com/2018/07/18/expert-witness-tells-congress-to-remove-capital-gains-tax-on-cryptocurrencies-used-for-purchases/ Amazing that can be said with a straight face. While the person saying it is very much incentivized to see the continuation of the current system unfortunately. He himself has been receiving donations from institutions like Credit Union national. Nice and unbiased.
Still it wasn’t all bad. You can get a brief synopsis here, link below:
But it can be summed up into 2 things more prominently. 1, Do we regulate this further or differently, and should the USD move to a blockchain like system.
So primarily how do we keep a reign on this system, rather than how can we nurture it. Not at all unexpected from a super powerful nation.
I’d love to tell you $50k BTC confirmed end of year, believe me I would. That would make many of us millionaires? Close? But this is me being super honest. I am cautiously optimistic.
How do you feel? Let me know in the comments below and leave a like if you enjoyed this video, maybe consider subscribing, and I will see you all again soon.
Altcoins
Basic Attention Token
Brendan, Brave CEO, in recent video said that built-in Ethereum wallet and dApp support is coming soon, by the end of this month or by August, to the Brave Browser.
An Ethereum wallet can be created directly from the Brave Browser toolbar without any need for extensions, thus providing extra security. It will also support hardware wallets.
Brave Browser is getting reportedly better and this sort of features should captivate more users to try it eventually against the likes of Chrome and Mozilla.
BAT is a blockchain-based digital advertising and services platform.
Waves
ERC20 tokens are going to be implement for the first time in the Waves platform which will allows users to have more options to trade on Waves DEX.
You can reply to Waves’ CEO tweet with the ERC20 you would like to see implemented first.
Waves is a blockchain platform that can be used to create custom tokens.
Wanchain
Trezor hardware wallet now officially supports Wanchain.
WAN can finally be stored safely into a hardware wallet. Ledger support yet to come.
Instructions: https://medium.com/wanchain-foundation/trezor-support-for-wan-340238621f50
Wanchain is a distributed financial infrastructure that allows cross-chain transactions.
Ardor
Ardor peaks over 60% as it gets listed on Binance.
It has been a while since a Binance listing caused such a pump. Perhaps more bots are back on as the market sentiment is in the green.
Ardor is a scalable blockchain powered by the first Proof-of-Stake consensus network.
SALT
SALT peaks over 40% as it announces that new membership advantages are coming soon.
SALT is a membership based lending and borrowing network which allows you to use your blockchain assets (Bitcoin, Ethereum, etc) to acquire fiat cash loans.
Example: you own Bitcoin and you need cash for the down payment for a house or to start a business. SALT allows you to put up your Bitcoin as collateral in order to secure a loan.
https://www.investinblockchain.com/what-is-salt/
SALT Lending is a lending platform for blockchain backed loans.
GoChain
GoChain peaked over 25% as it announces that it joint the Enterprise Ethereum Alliance.
Joining the EEA increases the trustworthy of any Ethereum based project as it gives the projects access to a big community and resources.
GoChain's mission is to provide a scalable, low cost platform for digital currency and dApps.
News
Bitcoin
An interesting tweet that shows what happen to gold when the first ETF was approved back in 2003 and what it can potentially do to the BTC price trajectory long term.
We’ll soon find out if the SEC will approve the first US Bitcoin ETF on August 10.
https://mobile.twitter.com/rallyqt/status/1019012447167016961
Entertainment
Bulls
I came with the below clip when I was looking for some bull run reference.
Hopefully you’ll find the content interesting between 2:29 and 4:16 to symbolize the hodlers, the sudden bitcoin 10% bull run, FOMO, and all the shorts and bitcoin relatives reks.
I was originally looking for the “Mine mine mine” seagulls from Nemo movie which would need voice over to “Bull? bull? bull?”.
if bitcoin approval ETF IS possible 50k next 6 month
I m thinking.... no
Same here buddy!
I can't play the video " play backs on other websites has been disabled by the video owner"
😥
me too.... sad panda :(
Oh!
I'm just waiting for someone reputable like John McAfee to confirm for me that BTC is reaching 50k by the end of this year, and then I'll put my life savings into Bitcoin.
i think its not possible wait next year 2019
But not 2019 !
You should wait couple of year to see it!
But no one know what will be happened!
Thanks buddy!
@crypto-daily I think till the end of 2018 it will reach $50000
How
How buddy?
I think you must not think like this!
It will encourage you to invest a lot.
Don't do so.
It may let you to suicide.
This is my personal opinion, baby.
50k is definitely hard but doable.
Let's hope for the best. It will be amazing.
Fantastic!
Spain, not Italy 🙂
May be !
Your posts are based on some estimates and some facts. But the markets are not behaving according to our estimates nor according to the facts. Are my words right?
Nice profile
Thank you for the important answer. Keep your guidance forward, keep it as such.
Yeah my friend!
You are correct!
"Playback on other websites disabled"
Yeah!
As a crypto investor I think it will not happend!
But this is my personal opinion.
There was a word in crypto world "No one acurately know what will be happened!"
Thanks a lot for sharing!
Who is going to buy bitcoin at 50000 so that it reaches that price?