2018 Oh What A Year In CryptoCurrencies

Not many Bitcoin blogs have been around to have had this same title in 2015 - seems every year is a "oh what a year" - but... 2018 was a doozy. From highs near 20,000 back in the heady days of Dec. 2017 and still holding up high early in 2018 - to the crashing of ALL alternative coins and Bitcoin. Many folks who got in as Bitcoin was increasing daily back in late 2017 - lost nearly all their starting capital.... as Bitcoin went out of favor and the bubble...for now...burst. Will it test its 3000 dollar level again? 

Also, the recent 51% attack on ETH classic - shows the increasing vulnerability of CryptoCurrencies - as it and many others have seen double spends and more. People not in the crypto space are reluctant to move into the blockchain as an investment vehicle and consequently nearly all trading volumes are way way way down. One ETF proposal after another was denied in 2018...but more are coming....and Bitcoin Futures entered the scene in 2018.... seemingly forcing the price down with more and more shorts.

Meanwhile in 2018 - CHINA was big big news.... cracking down on nearly all crypto...from exchanges to miners...other major markets such as India also showed no movement...while a few other countries saw the blockchain and crypto as the coming revolution. Speaking of which...in some countries with huge inflation if not revolution...Bitcoin made a presence of itself....as have Stable value coins in 2018 - and the first state sponsored coins. Ripple also passed ETH in marketcap but the battle is close...Ripple forms the all important bank connections and the IMF looks to crypto to provide possible funding to 3rd world countries and provide a means to determine who is creditworthy in nations without banking for the people.

So...it's all about change...and what's new about that.... nothing at all. So...adapt... be informed and be ready to act. The lower volumes and beaten down market are very responsive to real business news and the pump and dump have returned also to a degree. There is BTC to be made...even fiat. Keep the faith. I do intend to re-start this blog and post what I consider to be important crypto links and mix that up with sharing some of my trades in Crypto... looking forward to 2019. 

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Here's some recent pertinent links:

Why The Ethereum Classic Hack Is Not Good News For Crypto - call it a reorganized chain or hack...something bad is lurking for many smaller alts for sure.

Has The Bitcoin Price Become Price Bound?  - this analyst calls the price to be 3,000 to 5,000 for months.

Finally, Ripple wants a piece of the global payment system - no kidding.... 

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Here's that first link again you didn't hit above!
2015 Oh What A Year In CryptoCurrencies

Current Holdings At Poloniex

Gonna try to bring to you my current holdings and some of my current trades.
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Poloniex Holdings

2/28/2016

4:20 PM

EST. VALUE: $680.24 USD / 1.56907564 BTC

ETHEREUM - 1.13 BTC

FACTOM - .09 BTC

CRYTPOGRAPHIC ANOMALY - .06 BTC

SIACOIN - .05 BTC

WORLDCOIN - .05 BTC

OTHERS INCLUDING RIPPLE

@.03BTC

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SMALL BITTREX HOLDINGS

NEXT POST

2015 Oh What A Year In CryptoCurrencies

I will probably be changing up the `targeting' of this website soon if not later today to DEemphasize the `trade page' and to talk more if not much more about actual trading of cryptocurrencies... since I'm now a year into doing so.... and have learned much in just the last six months since the last post here.

First, the number of crypto exchanges that I currently really trade upon is down to ONE - Poloniex. It's unfortunate as for most of the year Cryptsy was probably my real favorite and Bittrex wasn't far behind... but as the year wore on and especially after Ethereum hit the market - the trends were very clear... the exchange to be on was Poloniex. 

Indeed, as the year was ending... communication from the administration of some exchanges seemed to crawl to a halt which eventually lead to a run on the exchanges with folks willing to exchange value for simply getting coins out. (Cryptsy) - All that said, I don't know if anyone has been anything more than delayed in getting their value. However, now the fear of having all the eggs in one basket is present.

Overall I've done well to quite well IMO - more than doubling my trading BTC value over the year (but taking some of the `profit' and buying into other crypto things)... so I'v ended up the year having small amounts of BTC value (under .1 at each exchange) at Bittrex and Cryptsy and about (as of this AM) .52 BTC that I'm trading on Poloniex. I will try in 2016 to bring to you more of my trading strategy at Poloniex..... where the volume is high enough on many coins to be fully trade-able with some patience.
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2016 Beginning Trade Positions

First... remember that this trading of crypto began as purely penny ante stuff... and to many it remains it. But these days at Poloniex I am maintaining an ETH balance (Ethereum) as I don't want to be caught short IF and WHEN the price potentially escalates ... being possibly the only coin with more developers NOT directly with the ETH team.... supposedly upwards of 100 applications and projects in infant stage...etc.

I also am of most recent been trading Game Credits coin... catching most of it's recent rise fortunately and increase in volume... it's the only active trade I have going other than BUY orders set after a compelling drop from today's levels on several other coins including Lumens and Ripple (ETH and FAC too). And while it's taken some period of time - it's obviously important to stress to newbies the direct inverse  relationship of nearly all coins to the fiat price of BTC - and the need to keep a portion of your BTC dry for particualar coin free fall drops - which happen on nearly all coins at some interval.

Patience.

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Don't forget to see my main Bitcoin Blog which is ranked in the top 4 million worldwide.

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Have a great 2016!