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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