Channel: Crypto Blessing

Category: Entertainment

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Description: Today Bitcoin (BTC) has made another huge move bringing it above $8,000. It's is once again due to Bitmex BTC Shorts being liquidated to the tune of $84 million dollars. Will it be sustained? We have a look at the pressing issues at play today and what to make of it all. I vow to stay here, report as unbiased news as I can and regardless of the market cap provide information and market analysis on this emerging market. The cryptocurrency market is full of development and potential, much of it has yet to be realized. I'm fired up for the future, and you should be too! Stay tuned this week as we cover more on the remaining assets to be explored by Coinbase! Yesterday talked about all the recent government decisions or favorable mentions of Blockchain Technology. There has long been talk of institutional investors being on the sidelines of this industry waiting for the right set of products or the right timing to enter. As time goes on I realize much of it is complete speculation as there has been zero indication of even retail bullish action in the markets. We are approaching 3/4 of the year being bearish, and the market desperately wants more capital. Previously I talked about recent decisions in Korea being positive towards potentialy opening the space for new assets (ICO's) and an increase in government oversight amongst the assets in their jurisdiction. It's been pointed out before that there needs to be a universal standard for governing cryptocurrencies, but does there really? It's an interesting topic, and initially you would think the varied governments will make their own conclusions, and band together with a revised universal version that addresses their individual downfalls. What does that mean? Well, it means we need a LOT more work in this space, and we need more decisions to be made and thoroughly examined. That will all happen, in due time. Could Cryptocurrency be bearish for another 6months? It could. Is that likely? No, but no one knows the future in this emerging space. Comment below and let me know your thoughts! Also beware of desperate publications reusing old stories for added FOMO and clicks... Learn to trust certain publications and always double check your information across multiple sources. Doing your own research has never been more important. This Coinbase FOMO about the SEC is a load of speculation - and recognize when these things happen. It could save you tons of crypto! With Bitcoin (BTC) Futures in play by CME and CBOE there are analysts saying that's the reason for BTC prices to drop and that we might never see extended bubbles like late 2017. I doubt that is the case, but so far this year has not been good. With so much talk of Bull Run's and Lambo's it gets kind of sickening to hear whilst everything is TANKING. Some think it's ridiculous and they're not wrong. Experts and Shills alike all think Bitcoin (BTC) is the next big thing. That if FinTech (Financial Technology) really catches on - and why shouldn't it - it is after all far more efficient to run things on a blockchain. The benefits of a consensus algorithym is plentiful, and current applications are making headway in large multi-billion dollar industries. It is just going to take time. Along with that, comes the idea that institutional investors will come with their ETFs, Pensions, and large amounts of capital to help bolster up this market. The past few months many who once toted themselves as pioneers are found questioning the very existence of life, being put on suicide watch, etc Please, if you are feeling those feelings know there is always someone you can talk too. Cryptocurrency is something you can really get behind, really sink your teeth in. Aside from other investment options I've outlined here, Cryptocurrency can provide a better future for us all, and financial freedom to those who would otherwise not be able to achieve it. Join our growing community of like-minded individuals to explore ideas worth exploring, to share ideas worth sharing, and to help place the next brick in the bridge to a better future. Join Crypto Blessing by subscribing! Also follow us on twitter @BlessingCrypto *** The content seen on this channel is not financial advice, always do your own research (DYOR) and invest wisely. I immerse myself in these markets every day to bring you the relevant news as it happens, and am providing insight that should be considered my opinion! Happy investing everyone!