Big bull news for crypto long term. We've entered sideways markt

22 thg 10, 2018

Dear Crypto Friends,

Huge updates in crypto news. Def must read:
abacusjournal.com/bakkt-begins-december-12-bakkt-will-begin-trading-bitcoin-daily-futures-contracts-dec-12/
Key takeaway from this: Delivering actual bitcoins, not just a contract like CBOE and CME.

newsbtc.com/2018/10/21/crypto-week-in-review-fidelity-goldman-sachs-adopt-crypto-custody/
Key takeaways: Fidelity is going to be offering crypto related investments, goldman sachs invests in crypto custody bitgo (goldman sachs always knows where the money is).
Crypto is not going anywhere.
The unwinding of Tether into other regulated stable coins is the best thing to happen. The slower the better, keeping a consistent 2-3 % premium is perfect IMHO.

We've moved into sideways market. There might be one big dip into 4500 territory, but that should be it. We should see fluctuation between 6000 to 9000 and alt coins to follow unless large developments.

Good time to long, even if the market takes a dip, the upside long term is great.

Like and Follow!

22 thg 10, 2018

Ghi chú

After further research, Bakkt is only SETTLING futures contracts in BTC. So buying the contract won't cause a change in supply. On the plus side, it's a daily futures contract.