The Daily Dood for Friday 3 - 2 - 18
The Daily Dood for 3 - 2 -18
Today's bitcoin high was about $11,399 USD on BitFinex
Today's bitcoin high was $11,400 USD. Total bitcoin market cap was above, $191,000,000,000 USD.
Total market cap for all combined cryptocurrency was above $463,000,000,000.
Bitcoin dominance continues to rise, currently at 41.39%
The Days Headlines
Thieves steal 600 powerful bitcoin-mining computers in huge heist http://cnet.co/2F8Irew
Will Cryptocurrency Replace National Currencies By 2030? http://bitcoinist.com/will-cryptocurrency-replace-national-currencies-by-2030/
1200 Australian New Agencies Are Selling Fractions of Crypto https://news.bitcoin.com/1200-australian-new-agencies-selling-fractions-crypto/
ATM Giant Cardtronics Considers Cryptocurrencies As Threat To Its Business https://cointelegraph.com/news/atm-giant-cardtronics-considers-cryptocurrencies-as-threat-to-its-business
Data Company Tracks Crypto-Adoption Using Social Media https://news.bitcoin.com/data-company-tracks-crypto-adoption-using-social-media/
EU Losing Patience – Urges Global Crypto Regulation https://news.bitcoin.com/eu-losing-patience-bitcoin-needs-global-regulation/
TechCrunch Founder's Crypto Fund Subpoenaed By SEC https://www.coindesk.com/techcrunch-founders-crypto-fund-subpoenaed-sec/
UK Secretary Diane Abbott: If Everyone Used Bitcoin ‘The Whole Thing Would Collapse’ https://cointelegraph.com/news/uk-secretary-diane-abbott-if-everyone-used-bitcoin-the-whole-thing-would-collapse
SegWit Adoption on the Rise, Reduces Bitcoin Transaction Fees https://btcmanager.com/segwit-adoption-rise-reduces-bitcoin-transaction-fees/
Marrying Technology and User Design is No Easy Task for Bitcoin https://btcmanager.com/marrying-technology-user-design-no-easy-task-bitcoin/
Bitpay Launches Bitcoin Cash Debit Card Top Ups https://news.bitcoin.com/bitpay-launches-bitcoin-cash-debit-card-top-ups/
South Korean Bank Reports Successful Test of Ripple Remittance https://www.coinspeaker.com/2018/03/02/south-korean-bank-reports-successful-test-ripple-remittance/
Fundamentally Vulnerable? Ethereum's Casper Tech Takes Criticism In Curacao https://www.coindesk.com/fundamentally-vulnerable-ethereums-casper-tech-takes-criticism-curacao/
Youtube, Podcasts, & Other Media
EpicenterBitcoin interviews Jeff Garzik.
Tweet of The Day
Links
Binance now trading Steem! Great exchange, with a great selection of coins, high trade volume, and fantastic UI. If you're not already trading there, you might want to check it out. https://www.binance.com/?ref=11560333
How To Become A Blockchain Developer: Crash Course!
https://blockgeeks.com/guides/blockchain-developer/
H.R.3708 - To amend the Internal Revenue Code of 1986 to exclude from gross income de minimis gains from certain sales or exchanges of virtual currency, and for other purposes.
https://www.congress.gov/bill/115th-congress/house-bill/3708
Music and cryptocurrency commentary http://radiocrypto.com/
So many people ask me about TA or technical analysis and where to start. Tone Vays just put together a real great educational page covering the basics of TA. http://www.libertylifetrail.com/education/learntrading/
The End
The Daily Dood is a review of my daily Twitter feed and some of the interesting articles I find here on Steemit. If you're on Twitter hope you decide to join me here:
https://twitter.com/BitcoinDood
That's it for todays edition of The Daily Dood. If you found the information in this post useful I hope you decide to follow for the daily headlines and events happening in the altcoin & cryptocurrency space. Nothing here is meant as investment or financial advice. Please seek a duly licensed professional for investment advice, not some guy on the internets who refers to himself as The Dood. Thanks for reading and happy trading!
Coins mentioned in post:
I was also noticing, it rising again. Good news for crypto investors.
Indeed, lots of good signs!
steem and sbd is also rising ;)
A lot of altcoins are showing some really strong fast gains too.
Yeah agreed
Most coins are not seeing the big jumps of a few months back. Does that still leave scope for making some money on trades? Not that I'm doing that. I just hang onto my Steem and the small amounts of other coins I have. Mind you, I may be selling some SBD to another Steemian for some spending money.
I think there's a lot of small swing trading going on right now. At least that's been my strategy for the last few weeks. For the most part, I've been looking for promising charts, trying to buy the bottom or the breakout, then sell on small 10% - 20% gains. Picking up coins I like and that I think have a promising future, this way if I read the chart wrong, I'm not that concerned holding them long term if the price goes down lower.
I think times like these are also good for accumulating strong projects that you can be confident in. Building a nice position now, and a few months down the road when prices begin to recover & rise take some hefty profits.
Disclaimer: I am just a bot trying to be helpful.