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Sunday, March 12, 2017

Flood Of Newbies Drives Alts Higher After ETF Denial

Despite nearly unprecedented volatility - the BTC market continues a strong new pattern of upward price support - once again nearing the price of an ounce of gold. And, the alts, which had been beaten down in price preceding the ETF announcement on Friday, have soared with the flood of newbies that have entered the world of Bitcoin and trading Bitcoin. How long will it be before the major trading bots rob them of 1/2 their funds?

You'll want to remember the above lesson as it seems that multiple ETF proposals are already in the works...this was only round one.........ready for some Blockchain and Bitcoin reads? Thought so.
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Blockchain Links Worth Reading
the longs, the shorts, the ups and downs of the Bitcoin phenomena

Leading the news, of course, is the initial reaction to the ETF Denial by the SEC.... positioning the ETF denial as consumer protection from uncertainties with BTC such as block size issue, attacks on the system, and a possible hard fork creating two assets... time for Bitcoin to finally address the size issue. The Winklevoss Twins are going to continue their ETF pursuit. 
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So...if and when an ETF is approved...what could we expect?
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And, here's an article lamenting the Huge Rise in BTC's price..and suggesting that investing in coins of small value might be a better "to the moon" outcome than BTC at this point...I think he'd have some pushback on this point from many.
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Initial Coin Offerings...or ICO's offer the ground floor opportunities and often the prices to make real gains possible. Read more anytime at this website.
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