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Daily Update - May 24, 2018


Well, this is getting to be a regular thing....red, although the heat map shows signs of life. That's to be expected right now. There is SO much attention on Bitcoin (and crypto in general) right now, and not all positive. I mean, if you've been in crypto for any amount of time, this is nothing new. We have faced dips in the past and we will face them in the future. It's the nature of any investment, but especially crypto. It's not for the faint of heart or for the weak. I mean, you have to think about it. Crypto challenges the status quo of our currency and banking as we know it. It's relatively new and no one is sure what to do with it or how to regulate it. It is a currency, is it an asset, is it taxable? Bitcoin still has a bad reputation with the general population. I know that when I mention it to people, you get the typical eye roll and then get to hear about how it's a ponzi scheme, how it's always being stolen, exchanges are always being hacked, how it's a fad. Let's look at some of the FUD that's causing this today.


NOTABLE FUD


Unfortunately, now we have the DOJ investigating crypto


STATE OF CRYPTO MARKET (CREDIT TO COIN360)




DAY'S BIGGEST GAINERS (PER COINMARKETCAP)




DAYS BIGGEST LOSERS (PER COINMARKETCAP)




BITCOIN DAILY CHART




COIN LISTINGS TODAY


STRAT - BITHUMB

STEEM - BITHUMB

SSC - LBANK

PRYZ - IDEX

LATX - HITBTC

HBZ - HITBTC

FACE - HITBTC

NKN - GATE.IO

IOTX - IDEX

DTRC - IDEX

RTE - IDEX

ETK - IDEX

GTO - BITTREX

GTO - UPBIT BETA


SITES OF THE DAY


I love finding new sites, or having people send them to me. Here's a few I will be adding to my resources section:


https://cryptocanucks.com/

https://cryptocomes.com/

https://www.coinwarz.com/cryptocurrency


APPS: Crypto Bytes (cool app for all crypto news from various sources)

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To sum it all up, while there is alot of FUD in the air, there's more hope and excitement about the future of Bitcoin and blockchain. You cannot focus solely on the bad news. I love to buy on dips and hodl. Remember, it's not an overnight, get rich quick scheme. It's a game of patience.

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