For much of this year, cryptocurrencies for most investors have been an afterthought or maybe cautionary tale about mania.
But now its become a new weight on an already pressured market... The Nasdaq loses 3% to kick off the short trading week. And this week has historically been a good one for stocks.
The carnage came from two fronts - the collapsing FAANGs and the sell-off in cryptos stoking semiconductor fears.
First up, Facebook tumbled to a new 52-week low... Apple lost almost 4%... Amazon shed 5% as did Netflix and Google slipped 3.8%. I wrote last week about maybe it’s time for investors to ditch the FAANGs (which can be found following the link in the bio). Second, the loss in Bitcoin accelerated throughout the day, losing almost 14%. And now Bitcoin is well below $5k to around $4,700. Ethereum lost more than 15% as Litecoin lost almost 14%. So, even though the Nasdaq isn’t in a bear market yet. A lot of big names have moved beyond correction territory to bear market. And crypto pain is picking up speed. Plus, the $3k Bitcoin I wrote about in premarket is now a little more likely.
Cryptos will be interesting to watch after this week. We had a bump following last Thanksgiving. And part of the reason was crypto advocates and preachers converting family members over the holidays.
Thank you for the recommendation, Rick! 👍 We have a great course and great customer service! Anyone looking to get their #LTC please check out our website and demo of the course at HandgunLicense.com.
CMA TOKEN STAKING REWARDS -
With our CMA bounty program distribution in progress, we’re now ready to unveil CMA Token Staking. The first Staking rewards distribution starts on December 31st, 2018 and reoccurs every 90 days until we have 450 million of the total 500 million tokens in circulation.
WHAT IS STAKING AND HOW DOES IT WORK?
In the world of crypto, staking refers to the reward you receive for supporting a token by holding the token. There are many ways in which staking can be implemented. With CoinMarketAlert, we’ve decided to tie in staking with the CMA Price Alerts platform. Staking CMA tokens will not only grant you unlimited access to our premium account features but also enable you to earn staking rewards.
In order to stake your CMA, you’ll need to deposit your token into an ERC20 compliant wallet such as Mist, Metamask, and MyEtherwallet. Note: CMA tokens which are sitting on an exchange will not receive staking rewards.
CMA tokens can be purchased on IDEX, Coinplace, and Token Store with more exchanges coming very soon.
HOW MUCH CAN I EARN FROM STAKING CMA?
In order to calculate individual staking rewards, we have implemented a tiered staking system that is meant to encourage users to stake more CMA. The tier determines the rate at which you earn CMA, and are determined by the amount of CMA that you are staking. You will need a minimum of 100 CMA tokens in order to receive staking rewards. CMA Staking rewards will be distributed every 90 days and starting on 31 December 2018, so start acquiring and staking you CMA now. #cryptotrading#cryptocurrencynews#cryptocurrency#cryptocurrencyexchange#cryptocurrencymining#cryptotrader#crypto#profit#profits#invest#investing#investor#investment#investmentquote#entrepreneurs#entrepreneurquotes#entrepreneurship businesslife #businessquotes#businessowner#dashcoin#bitcoincash#bitcoin#digitalcurrency#virtualcurrency#litecoin#blockchain#coin#ripple#ltc#btc
2 132 hours ago
Upon 5000$ break, 4700$ target and then 4.4k (which is one main downward target i have been screaming longer than anyone) and then 4000-3600$ 🔮 still we could find support at current price and spike to 5500$ before another attempt at a drop.
Final targets of this episode of bitcoin meltdown is 3,333$ and i again have been stating this for months 💪💪💪💪💪
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I set these before bed last night, like I do most nights #truth
Takes me no more than an hour or two
I started work today at 7.30am
Once I'm settled at my desk I check the exchange to see what sold! BOOM! 😱
How easy is this! I have full control of all my trades and my trading journey keeps getting better 💯👍🏽 #hustlehardfam#ICPMPS#WEAREICOINPRO#traderslife#binance#crypto#cryptocurrency#cryptotraders#bitcoin#blockfolio#blockchain#blockchaintechnology#btc#str#xrp#xmr#ltc#sc
Disclaimer: "iCoinPro, The iCoinPro Trade Finder and its trainers provide an informational service only and are not responsible for any investments made applying this information. The results described are not typical and are not guarantees of future income. Any investment contains risk and is 100% the responsibility of the investor to assess the risks/rewards involved. It is possible to lose some or all of your investment. We assume no liability assumed or implied for your application of the information shared from the training programs."
A Swiss startup company is attempting to make using cryptocurrencies for online transactions as simple and safe as using PayPal.
The main accusation of the mainstream media against crypto is that it is “a currency that is hard to spend.” Even though, according to CNBC, the total worth of Bitcoin spent on merchant services has increased to $190.2 million in 2017, from $9.8 million in 2013, however the market is still in its infancy. According to a study published by the Bank of Netherlands in February 2018, only two percent of online retailers accepted crypto, in spite of "substantial" interest.
The UTRUST API is aimed at online and point-of-sale crypto acceptance worldwide. This set of tools will also include a conflict mitigation system, chargeback protection, and a proprietary cryptocurrency which increases purchasing power within the platform. While UTRUST has their sights set on assisting global retailers in the use of crypto it has decided to launch its business in Europe.
The company has signed strategic partnerships in Europe to establish a "beachhead" for further expansion. One such partnership is Gambio.de, a German e-commerce solution provider with more than 25,000 online stores. According to UTRUST´s estimates, Gambio-powered stores generate about 30 percent of e-commerce revenue in Germany and therefore are in a powerful starting position for UTRUST to expand across the continent. ---------------------------------------------- #cryptocurrency#crypto#cryptonews#cryptotrading#money#eth#bitcoin#bitcoinmining#bitcoins#altcoins#trading#trade#trader#binance#bitfinex#moneymaker#xvg#litecoin#ltc#investor#ada#innovation#trx#tron#forexsignals#conference#blockchain#биткоин#криптовалюта#биржа
Washington’s Chelan County Public Utility District (PUD) has proposed a new electricity pricing structure for cryptocurrency miners meant to pass down the cost of increased electricity demand. Check link in bio! #btc#bch#eth, #xrp, #ltc, #crypto
Times Square NYC LIT I’m here splashin up wit supadave179 #LTC PEACE CONCERT , RED ALERT , MICK BENSON , RONNIE RIGHT, DJ SOURFACE, SCIENTIFIC, ANGELIC VOICES MUSIC, OMG !!!LADIES OF SKY one of my fav girl groups , TODD WHARTON , LTRAIN, BIG JEFF, TEDDY, TIGER, sorry if I missed anybody like my girls JACKIE LOVE , JEWEL SHANNON GET BETTER we love you see you next event darling , EVERYBODY KICKED ASS TONIGHT , THANK YOU TIMES SQUARE & NYC POLICE DPT , the Mayor and everyone else involved SOUND TECS DJ’s HAPPY BIRTHDAY DJ RED ALERT ‼️‼️‼️‼️‼️‼️‼️Hot 97fm Radio home of hiphop & rnb , utube the girl group SKYY from 1979” their #1 hit was CALL ME “ & many more . And my new Single is called “” “SPIN SPLASH” video on the way !!!!‼️‼️‼️🎼🎼🎼🎼😂🎊🎊🎊🎊🎊🎊🎊🎊🎊🎊
Sometimes people get too caught up in the price of Bitcoin rather than the actual problem it solves and the value it adds 💯