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The talk of the town is SegWit. The number of Bitcoin transactions using SegWit doubled in 2 days; now we just need Lightning to strike. The question still remains: Who controls Bitcoin? HODLers (not a misspelling) it appears to hold the keys to the kingdom as it relates to Bitcoin. Which brings up a very interesting topic, if you are a HODLer do you tell your spouse? Seems that Lawyers are having to discuss these challenges posed by Cryptocurrency during divorce. It’s easy to hide, hard to find.
Bitcoin is entering its awkward adolescence and Tom Lee is predicting a doubling by mid-year. For the time being, we are still in consolidation mode right now as Bitcoin awaits a decisive move. The next breakout may have nothing to do with the stock prices rising; the correlation doesn’t seem to be there. Crypto has not reached its full potential yet. Tyler Winklevoss says that Bitcoin is gold, Ether is Oli and Litecoin is testnet. That’s a pretty good analogy.
A new trend appears to be emerging and that is Lending platforms. Former Goldman Sachs banker brings Cryptocurrency to the financial mainstream with a new platform called Oxygen. Genesis trading launches Crypto lending service as well. Stay tuned because this is an interesting development. The SEC is continuing its crackdown on ICOs issuing new subpoenas. So, just keep alert because you could lose big in Bitcoin and Cryptos. Choosing the best Bitcoin or Crypto exchange is important as well. Here are a few things to take into consideration:
- Regulatory actions
- Customer Support
- Security safeguards
Across the globe it appears more activity is happening:
One Thousand Australian Newsagents launch Ethereum and Bitcoin in-store purchases. In India, two Crypto exchanges halt trading, blaming “Discouraging” government stance. Liechtenstein bank directly sells Cryptocurrency. Germany won’t tax you for buying coffee with Bitcoin (WOW). Dubai to release Blockchain-based system to track vehicle lifecycles. Swedish central bank doesn’t want the country to become cashless. China tightens the noose around Cryptocurrencies and broadens crackdown scope. Japanese regulators double up regulation on ICOs. And Marshall Islands plan to launch National Cryptocurrency and ICO.
If you have time and the attention to read more click HERE for all the articles from the past 24 hours.
WARNINGS. As many of you are aware BitConnect have been proven to be pretty much a scam/ponzi scheme type organization. Please do not fall for their second attempt “BitConnectX ICO” to create yet another scammy type operation. The following organization (USI-Tech, WCI, and BitClub) still should be handled with caution. Engage at your own risk!
Happy Investing and Trading!