Guys. https://www.ibtimes.com/400-million-cryptocurrency-fund-gets-investment-yale-university-2723091
As a side note, this is why you take opinions with a grain of salt, even those that work in a particular field. For example, I talked to an MBA student who also worked in supply chains. His thoughts regarding blockchain was that there was limited use, as existing software already exists. However, technology does not stop: https://www.computerworld.com/article/3311464/blockchain/ibm-launches-blockchain-based-global-food-tracking-network.html. I will be watching Te-Food, the bottom may be in for that. Their partnerships are quite impressive.
Bitcoin volatility is going to spike in the next few days. Are we going to break $6800? I’m thinking possible dump first to $6K bear trap region before we are back in business. Many people think if $6K doesn’t hold though, we will see true capitulation. Alt coins are down 90-95% from ATH. Amazon hit $84 back in November 1999 I think it was, before going down 94%… it took 8 years to recover. Crypto moves much faster. Novogratz called the bottom in September. BTC usually drops 70% or so, which has happened already since Jan 2018. Will BTC hit capitulation and drop another 20%? With all the fundamental news going on… I think not. As any good trader knows though, be prepared for anything.
Also glad I moved into MKR a few days ago, nice 20% pump today, up about 33% since then. Some whales are coming back into the game too. Some poor whale just got rekt. Look at the 1-minute chart, likely market buy order:
Update: Lol wtf
Update 2: News, might be time to sell – https://www.ccn.com/maker-price-mkr-explodes-through-750-as-dai-cryptocurrency-awaits-augur-integration/
Update 3: Then again, maybe not
