Hi all,
Welcome to my daily Crypto blog.
A bit of a recurring theme I keep hearing is people talking about Institutional Investors.
I gather Institutional Investors translates to a boat load of money but I decided to look it up properly.
According to Investopedia.com -
An institutional investor is an organisation that invests on behalf of its members. Institutional investors face fewer protective regulations because it is assumed they are more knowledgeable and better able to protect themselves. There are generally six types of institutional investors: endowment funds, commercial banks, mutual funds, hedge funds, pension funds and insurance companies.
Ok, so if what recent media is hinting at is true and Mark Zuckerburg decided to develop his own Facebook or Social Media cryptocurrency then I'm sure that would qualify.
I can't help but get very hopeful when I read headlines like "Mark Zuckerberg says Facebook to look into Cryptocurrency."
Imagine the money that would come into the Total Market Cap not only from him & Facebook but the other big fish it would encourage to follow.
I read an article recently simplifying all of us "little" investors and our herd mentality. We follow each other in when it's good and we follow each other out when its bad apparently. I probably can't disagree.
It reminds me of that lemmings video game, whatever happened to that?
Loved this game. If you have been buying up Alt Coins feverishly like I have the last few weeks, you can safely say you are not a lemming. Maybe a little crazy but not a lemming.
Anyways my point being if someone as powerful as Mark Zuckerberg gets on the Blockchain and makes an Alt Coin, we would have a new game of Institutional Investor Lemmings!
You watch that herd mentality spread to the filthy rich, they are human after all.
It does seem a very natural step for Facebook to be involved on the Blockchain given the Millennials are the driving force behind Social Media and cryptocurrency.
Imagine all the money that would hit the Total Market Cap then?
Bitcoin and Ethereum would soar and the domino affect would make so many of our Alt Coins massively increase in value. In those days before Christmas last year we already got a taste of what happens with our Alt Coins when King Bitcoin surges to 20k, shit imagine them with a 30k, 40k, 50k or even a 100k Bitcoin? - or Ethereum, I wouldn't rule out that Flippening that's been spoke about but that's a topic for another day
If Facebook develop a social media Alt Coin, do you think Reddcoin might be in trouble? lol
Before we all get too excited they and other big commercial entities like the Googles or the Amazons of the world are not expected to get involved in the Crypto/Blockchain space until US regulations are officially in.
I'm no expert but I imagine the regulation stuff in not only the USA but other countries will be employed slowly and through the course of the year. Nothing moves fast in Parliament of any country does it?
Doesn't mean we won't have some decent movement this year but maybe the epic money doesn't kick in until 2019?
I wouldn't be too disappointed, I quite like the idea of having 10 months or so to try and amass a giant War Chest of Crypto!
As long as the Governments stick to a Do No Harm, Embrace and Regulate attitude towards cryptocurrency I don't care how long it drags out over.
Filling my War Chest of Crypto til it looks like this (or at least a virtual version of that ofcourse)
Other news that has caught my eye -
Sideways movement continues. We must be nearing a week now of a much more steady market.
Total Market Cap sits at $430 billion USD and Bitcoin at $8.8k USD.
Is this sideways movement a sign it has steadied and will soon go BOOM?
Listening to all the market and graph experts it seems to be a mixed bag. Some say yes others say we will have one more decent dip period first.
For me trying to understand all those analysts and the contradicting information you get if you listen to enough of them does no good. I might as well ring one of those $4.95 per minute psychic hotline's and ask them their thoughts on Bitcoin.
Need Bitcoin advice? Call Kenny. Looks totally legit to me
So I guess no one knows for sure then but I guess you take in all the information and go with your gut. My gut feel in any case is that the worst of these corrections/dips/crashes (pick your poison) is behind us now.
In other News -
Ripple continues the positive news for it's investors. Ripple keeps making powerful friends, this time with the UAE Exchange which is one of the largest Foreign Exchange companies. UAE Exchange will be using the RippleNet.
I'm more of a Stellar Lumens guy than Ripple but I do own a little rainy day Ripple. When this Market starts ticking up again Ripple is one I can safely predict will shoot off back towards that $4 mark again. Must be a short term trader dream coin right about now.
IMF Fund Chief Christine Lagarde says "Crypocurrency regulation is inevitable."
- Yes thank you Christine we did all catch that vibe over the last couple of months but cheers for clarifying
Canadian Speed Skater Ted Jan Bloemen has become the first athlete to be paid in crytocurrency after he struck a one year sponsorship deal with ONG Social and CEEK VR. Nice work Ted
As I write this I notice my Alt Folio is currently up %10 for the day so given my wide range of coins I own that probably means yours is too. Lets hope it continues
Thanks for reading
Keep chasing that Dragon
- Dahmsy